FOR MILLENNIALS when it comes to financial matters things can easily go awry, and nobody wants to be financially unprepared. Asking yourself these questions is crucial to setting the foundation for managing your finances and securing your future.

1. Do I have wasteful spending habits? Evaluate your spending habits and determine if you are only spending and not saving for your future goals. If this is your reality, then having a grasp on your personal finances becomes challenging. If you want to build long term wealth, you need to be able to prioritise your expenses and decipher between needs and wants. Be sensitive to your own financial position, if you can change those bad spending habits, you should. Sometimes, small daily decisions can help, for example, you can prepare meals at home more often than you purchase meals on the go or you can ignore the Amazon alert on the reduced price on that watchlist item you don’t really need.

2. Do I have specific investment goals? Your financial goals should define how you approach investing. Identifying your financial goals and determining if they are short-, medium- or long-term, will help you to determine the level of risk you are willing to undertake when constructing a personal investment portfolio. If you have a short-term objective (something you want to achieve in the next three years) you may be very cautious with the capital you have to invest and therefore would seek out “safe” investments with modest returns. If you have a medium-term objective, you may be willing to take on a bit more risk for a more attractive return. 


The novel coronavirus was declared a global pandemic in early March and triggered a fear that pervaded all sectors and all countries.

This unprecedented shock, coupled with the oil price war with the Organisation of Petroleum Exporting Countries (OPEC) and Russia caused extreme volatility in capital markets and saw equity prices plunge to bear-market territory in the first quarter of 2020.

THREE local directors on the board of Trinidad Nitrogen Company (Tringen) approved the decision to stop ammonia production at Tringen 1, one of the two operating plants of the company that is majority owned by National Enterprises Ltd (NEL), Government sources told the Sunday Express yesterday.

THERE was mixed reactions within the business community following yesterday announcement by Prime Minister Dr Keith Rowley of the date of the 2020 general election.

American Chamber of Commerce of Trinidad and Tobago (AMCHAM T&T) CEO Nirad Tewarie told the Express that the private sector organisation welcomes the announcement and does not have any issue with the date that has been chosen.

THE construction of the $230 million Diego Martin vehicular over pass and the administrative complex on land opposite Victoria Keys Housing complex, caused the Prime Minister Keith Rowley to gain enemies, he admitted yesterday.