Key to ma Michael DOLLARS AND SENSE EVEN THOUGH investment guru Peter Lynch lucked out with the first stock he bought, it was not without having done his homework — which, he stresses, is the . key to making money. | . “I did a paper in college on the ait-freight business and bought 100 shares of Flying Tiger at nine dol- lars,” he said in an interview. “Then ‘the Vietnam war came along. 1 made 10 times my money which helped pay for grad school.” Lynch's father died “when I was 10. Mum went out to work, there was never any money when I was a kid so I started to caddy when I was He That choice of work also paid off: “When I applied for a job at ; : Fidelity, probably one of the reasons I beat out the 74 other applicants was that | had caddied for the com- pany’s president for eight years.” . Lynch gained fame by turning Fidelity’s Magellan Fund from $20 ., million into the world’s best-per-._. forming, largest fund, worth $14 bil- lion by the time he retired in 1990. Lynch, 50, has been married to Carolyn, 46, since 1968 when she worked us a physical therapist; they have three daughters, age 1b to 20, He manages the family’s finances, investing in stocks and mutual funds, Lynch used to borrow to invest “but when the girls came along, | stopped, I've never bought an option, never sold short, My main mistake was buying long-shots -- based on the hope of a new product or something else in the future. f lost on ull 30 long-shots | tried: for- tunately, 1 made up by buying stock in good companies and helding on to them." And that's a key Lynch tip: Once you've done your homework, stay with the investments you choose: “The biggest mistakes are to sell your winners (oo soon.” He added, “the key organ in the body when it comes to investing is ‘the stomach, not the brain, While : you might have the intelligence to see a certain investment makes sense, do you have the stomach to commit your money and stay with that commitrnent?" Lynch adds it's impossible to predict what’s going to happen to interest rates, the economy, the mar- ket — “so forget that exercise.” If you do your research, he believes. you can make money in both good times and bad. Richard Worzel, who raises capi- tal for emerging companies and has just writen Facing the Future (Stoddart, $26.95), says invesment risk “is the cost of a bad decision.” To minimize risk, plot an investment’ strategy, possibly with the help of a financial adviser, Then you can make decisions based on your strat- egy, not your emotions. “Take into account your situa- ‘tion: age, present and future tax brackets, whether you will be investing on a regular basis or requiring income from your invest- ments,” said Worzel, 44, who is married with two children. “There is no one universal investment. You - need a portfolio which wil! meet Your RSP can fund three types of retirement: Sink, Swim ... or Sail. How To Build A $1,000,000+ RSP! Your Host: Investment Advisor Kevin Konar | Date: Wednesday, January 11/95 us 7:30 PM 2 West Vancouver Library 1950 Marine Drive, West Vancouver Date: Tuesday, January 10/95 Time: 7:30 1M Place: Capilano District Library 3045 Highland Boulevard North Vancouver : Saturday, January 14/95 : 9:00 AM & 10:30 AM + Boardroom, RBC Dominion 2nd Floor, 250-1 5th (at Bellevue) ° West Vancouver This Seminar will be of most interest to those investors with a minimum of $50,000 in their current RSPs To book your place, please call Aida at 981-6600 RBC | DOMINION SF SECURITIES king money your needs —= and protect you from your mistakes.” He adds he uses mutual funds because he doesn’t have the time to choose individual securities: "But if” you are reluctantly moving your money into mutual funds because you've always invested in GICs but now are unhappy with the lower retum, choose both your adviser and your funds very carefully. “You need expert advice because the days of one-decision investing are over, And the popularity of mutual funds has attracted some less-than-professional people into ‘the business.” Mike Grenby is a North Shore- based columnist and independent financial adviser who works with individuals; he will answer your questions int this calunin as space allows — write c/o 2444 Haywood Ave, West Vancouver, V7V 1Y1, Pent NEG BE IOMEINEEEE OTORE McLELLAN HERBERT Barristers & Solicitors Suite 324 - 666 Burrard Street Vancouver, B.C. 683-5254 HUGH S.McLELLAN —- DEIDREJ. HERBERT Pas f Service Pension E enefits The Trustees of the IWA-Forest Industry Pension Plan have mailed a brochure to the homes of all current and former IWA-Canada Members. Known to them who may be entitled t to 0 Past Service pensions. . en t. If you do not receive a brochure in the mail explaining the procedures ‘ and requirements for proving Past Service, you may pick one up at your nearest [WA-Canada Local Union office or at the offices of most _ IWA certified employers. ACT NOW! If proof of any eligible Past Service is received after’ December'1, 1996 you wl not receive credit or pension benefits for such time. ASSISTANCE IS AVAILABLE Complete information on how to prove your Past Service is available by calling your nearest Past Service Area Representative at the number. listed below. NORTHERN INTERIOR PLAN MEMBERS Telephone (local calls): 398-8368 Toll Free (long distance): 1-800-828-2279 SOUTHERN INTERIOR PLAN MEMBERS Telephone (local calls): 489-5660 Toll Free (long distance): 1-800-828-2236. VANCOUVER ISLAND AND QUEEN CHARLOTTE ISLAND PLAN MEMBERS Telephone (local calls): 334-3382 Toll Free (long distance): 1-800-828-2296 LOWER MAINLAND, SUNSHINE COAST. AND SQUAMISH AREA_PLAN MEMBERS ‘Telephone (local calls}; 463-1511 Toll Free (long distance): 1-800-828-2113