B4 - Sunday, October 7, 1984 - North Shore News HE business [59h | Senior services growing OME NEW money-saving opportunities are becoming available to investors 60 years of age and older who deal in stocks and bonds cent commission discount to seniors on all transactions in equities which are listed on Each of these companies offers a number of other special considerations for and if you,are interested — as always in investment matters you are now getting at the — you should compare what See page B5 the stock exchanges. they offer along with what and who have RRSPs (Registered Retirement Sav- ings Plans). seniors. They vary, however, The competition among in- For example, one annoying vestment houses for senior aspect of self-admuinistered folks’ doliars is warming up, (self-directed) RRSPs has and it’s opening some most always been the excessive interesting doors. As each of management or service fees the trust companies and brokerage houses charge. They have ranged from about $100 a year up to several hun- dred dollars. Sales commissions, payable when you buy and sell securities, also, in my view, have been excessively high. (The investment people say these commission rates are ‘‘negotiable’’, but it ap- pears you have to be a fairly ‘‘high roller’’ to get a dis- count, in most cases.) $$$ So let’s hear it for two brokerage houses who, to the best of my knowledge, have taken the lead in giving senior investors some meaningful breaks. Woody Gundy has com- pletely eliminated its service fee on seniors’ self- administered RRSPs (it had been $100 a year, like most brokerage houses.) McLeod Young Weir have dropped their fee on such RRSPs from $100 to $50 and will automatically give a 10 per AS SHE entered her second year of Retail Management at Capilano College Esther Hansen (centre) received the Mary Anne Yzerman Memorial Citizenship Award from Principal Paul Gallagher. With them is Eva Hall, the program coordinator. The award was first created in honor of a first year student named Mary Anne Yzerman who died tragically in a boating ac- cident on Ruby Lake two and a half years ago. Bill Ryan the investment houses notes what the others are doing, and reviews its position, I feel that some even better deals lie ahead for seniors. 7 Important notice to West Vancouver telephone customers t tfective immediately payment of teleptrone tot be made at the Boots Orug Store, 751 Patk Royal Customers. May continue to chartered bank in £3 ¢ hommmmy | » tlie, trea Vesta gerd David More Bauthdine crocel airplanes us David's hott trgtiter pilot is his anntoition carer this week David ta sega pay them telephone toll at Of at one of the following loc ations That best desc rites ona aifly star delivers our Wednesday briday and) Snanday News to our readers us the btiytilands area aud tins 1s flawless ten cn WOODWARD STORES TRON Pack Royal EATON’S PARK ROYAL Doavidd is ehewets years old and is a stockent at b trghibarets Marin oot Onan CarTWTS are iiwolved tn scat al thus Cire cof thee Sheth ariemg his favourite satyer ty is bistery yea and Dievd is no exception te plays for the Mac Swen VOOO 6, Park Royal Moenaitatnewts and althroigh thay baue rot badd toes canny wins yet they are bapotag to haw thea shane ot we tortes as thre seas Cpe ons AMBLESIDE REXALL PHARMACY VA. Marine Cope mod drab feo thee, Hlaving a News ronite bas hetpend [david bear Ian ot Drive hanefhe tus earnings bbe bas beocghit bartisedf a tothe eet at tee srmorrrerad faas rene is bet saved Pos sath fear fhytrac lessons tn the future! We en yed roewting [aud and has Men. ane thretrs arcane! omar fac abtties cheer h trecgeadeiersy obec bed co coeebtr eae 4 Sete VIC te ter hoe uJltecs Teo] va Lerlespotrcorves Churritoest Prowl: ote your bat =! ACTH sorlagth bert aba nat wy bio beets wy Nerrtiarent Chips ware Load ren etuerds comyphimettary Tre pases and ax a. extra gift aN Ss News basetaall ap with our thanks tory pots well done Joan Cripps C tre ulation Deg 1139 Lonsdale Avw NW \ 986 1337 north shore news eo Orem eee oe