adminNyarota of Old Mutual Investments said even amidst financially strained times it is critical for people, especially women, to invest towards their future. She said it is never too late for anyone at any age to start investing.
“I believe that as women we are phenomenal and as such we should take the time to invest in their future.
“Even small amounts like US$10 a month will go a long way in securing a financially sound future,” she said.
Old Mutual is an international long-term savings, protection and investment group.
In Zimbabwe, the company offers services to Zimbabwe-based clients via a focused range of products including life assurance, asset management, unit trusts, property development and management, short-term insurance and banking services.
Ms Nyarota said there are products on the market for people from all walks of life and some of them can be tailor-made to suit individual financial goals and needs.
One of the most popular investment products offered by Old Mutual are unit trusts.
Unit trusts are funds that use collective money invested by many clients to purchase shares and other investments on behalf of clients. Unit trusts offer clients an easily accessible and convenient way to invest in shares, money market instruments and property investment opportunities.
Ms Nyarota also encouraged women not to hold on to monies lying around waiting to repay debts or other obligations saying while you wait to pay the debt or account that money could be taken advantage of and be multiplied.
“Instead of leaving money lying around waiting for you to pay a debt or account in 30 days, invest that money,” she said.
She also urged the women to quickly pay up debts with high interest rates and ensure that they did not keep for long debts with higher interest rates than those of their investments. Participants at the seminar said it was very enlightening. One of the participants, Ms Perpertua Muziri, said she felt so enlightened by the Old Mutual presentation on investment.
“I definitely would like to take my financial matters seriously and start investing a bit more.
“It is time that we take charge of our finances and not be clueless about such matters,” she said.
Old Mutual recently granted a special award of shares in Old Mutual Zimbabwe to pensioners who acquired a Pensions Plus pension or an Emerald Managed pension
from Old Mutual Zimbabwe as part of its compliance to the indigenisation law.
Following the country’s switch from the Zimbabwe dollar to the multi-currency regime a lot of pensioners with investment in Old Mutual lost out just as other people with investment in other companies did.
However, it is hoped that the special award of shares, which is now in its implementation stage, will go some way in assisting the affected pensioners.
Online Reporter