Sanibel Captiva Trust Company hosts women’s seminar
The ladies attending the Sanibel Captiva Trust Company’s women’s seminar “graduated” on April 13 after completing a series of financial seminars this season.
Trust Company CEO Al Hanser congratulated them on their success and welcomed them to The Sanctuary Clubhouse for the final event of the winter.
Jim Young, Senior Portfolio Manager at Sanibel Captiva Trust Co., talked about essential investing strategies and the current climate in the global equities markets. He noted the increasing number of women in the work force and their role in managing household finances and assets.
Young went on to suggest that since, statistically, women live longer than men, they must ask themselves three important questions: Do I have enough money to last my lifetime? If not, what I can do to make that better? And what can I do to preserve the wealth I already have?
In addition, Young described today’s global investment arena as a giant three-dimensional jig-saw puzzle with constantly moving parts. Importantly, while the basics of investment decision making have not necessarily changed much, it has become a lot more important to understand diversification within a more global context. He stressed that investment success begins with creating the appropriate structure aimed at meeting each individual’s goals, while following a consistent process and discipline to carry out that plan.
During the Q&A period, he discussed the Trust Company’s current investing strategy with regard to corporate and municipal bonds, equities, and gold. He talked about the importance of asset diversification, preservation of capital, and growth opportunities in markets such as Brazil, India and China.
“I can’t adequately describe how much I enjoyed speaking to such a wonderful group,” said Young. “Their interest level and enthusiasm for wanting to know more, not just about financial and investment matters, but issues and concerns of a more global nature is clearly evident and indeed refreshing.
“We look forward to expanding upon this educational concept that was started several years ago by our Director and today’s hostess, Ginny Fleming, Terry Igo and now Adria Starkey.
Marlene Donaldson, a participant, enjoyed receiving a certificate.
“I am very appreciative to the Sanibel Captiva Trust Company for sponsoring the series,” she said. “I learned a lot, and have a homework assignment that will take me most of the summer to complete!”