USINESS

t against imertia

Money Show will illustrate how to invest successfully

IT’S THE battle of the giants: inertia versus investment.
And this conflict is probably taking place right now in your
' personal finances. If inertia wins, you lose.

“Inertia: the siate of being in in-
ert; inactivity, sluggishness”
Funk & Wagnails Standard Col-
lege Dictionary.
. Inertia may be sluggish. But at
. the same time it’s a tireless
: fighter, especially when you con:
. ‘Sider “investment” in its broadest
“sense. Too many of us succumb to
inertia, and we pay a price.
‘Investment covers almost every
vs. aspect of dealing with your
“money: saving (so you can invest},
‘paying down debt (which produces
one of the highest and safest in-
“vestment returns), saving income
tax (another high-yield strategy)
—'as weil.as actually putting
money into deposit instruments,
the’stock’ market, property anda
business...
“That's why I’ve chosen “How ‘
Invest Successfully — and Still,
Sleep: Well": as my. theme for the...
‘completely’ independent and ob-’

Shore News and. the Certified :
General Accountants’ Association
Of .B.C.; ‘the’ show will feature an”
ipbeat ‘slide’  présentation, CGAs
O'atiswer your: tax, questions and
exhibitor to ¢ enable you to learn

about and compare ‘the various fi. ‘

ancial: ‘products and services.”
The show. will be held at the
Carson Graham secondary schoo
gymnasium; “2145 Jones Ave. in
North-\Vancouver on Saturday,
eb.’ 5 starting at 12 noon.” ”.”
‘ou.can | get. tickets from the,

orth, Shore News,:1139 Lonsdale fa i
the middle of each month.

ve:; or. by phoning 985-213 1:.
You are most: likely’ to “succeed.

your, fi fi ght against inertia if | you ;

DOLLARS AND SENSE .

~ variety of instruments like mort---
. gages, bonds and other debt
“obligations, and stocks.

Michael

Use the same approach if you
have an affinity for investing in
revenue propetty.

Buying the first place and
learning how to deal with a te.:ant
will be the most difficult. The se-
cond time around you'll have
more experience and confidence.

Hf you have no money to invest,
again make that first move to
build some savings. Sign up for
the Canada Savings Bond payroll
plan at work or use the same ap-
proach at your financial institu-
tion by setting up an automatic
transfer every month or payday to

- a special savings/investment ac-

a

Most financial institutions now °

sell mutual funds. That gives you -°
+; tered retirement savings plans
. {RRSPs) to motivate you to con-.
‘tribute to a plan — to lower your
‘stax. bill now and enjoy tax-free

a chance to.invest 4 relatively
smail amount of money in a

_Go'to the place where you do
your banking: Ask for informa-_.,

.tion about mutual funds. Read the -
‘literature. Write out any questions _
‘you have and ask the mutuai fund -

specialist in the branch — or head 7
office if necessary: :
Compare the performance of °

‘the fund(s) you are considering

with that of the hundreds of other

-funds. Canada’s major financial
" papers provide performance

surveys of all the funds around

See if your company’s funds :

‘have been doing reasonably well.
~ Once you understand and feel
comfortable with investing in

“mutual funds, sign up for an.

“automatic monthly fund purchase

“y program.

ife: invited ‘readers to’ vote, in: 18°

categories ‘ ‘of: Caribbean favorites,

anging from” restaurants’ to.
; est. ‘houses: to” golf”

“In- addition to: being’ ‘voted: the
frie dliest destination, Aruba was
Iso: honored in. the ‘categories .of.
Favorite: Island’? and Best
siand: Nighilife.”” *

HOME Use PROFESSIONAL
STOCK MARKET: ‘ENQUIRY

a ‘Alhambra Casino and
“Copacabana .Casino’ at. the. Hyatt
Regency “Aruba, were. voted ‘best
~ casinos in the Caribbean. —

It’s'a learning process. As you’.

". get the literature and statements, .

you will become more familiar

~-with mutual funds. You might:
“then feel ready to look at other:

funds or at some point possibiy

‘even move to a direct investment

in the stock market. a

“the

count.

If you have debt, see if any
reorganization or even consolida-
tion would banish the red ink
sooner. Even if you go in to see

“the loans officer to increase your

payments you have scored against

_ inertia.

This is always a good time of

‘year to think about saving income

tax. Use all the hype about regis-

». growth of your sheltered invest-

“ment.

Sit down with the RRSP expert
at your financial institution. Buy
_ (or borrow) one of the books that
“explain RRSPs.

Set upa regular contribution
program; again, the automatic
monthly system works best for
._ most people. :

Learn — from columns like
this, seminars, booklets, and
bocks — about other ways to save.
tax< It’s too Iate to do much for .
the 1993 tax year, but start now
on’ 1994. ;

By now, inertia will be down
for the count. You and your fi-
nances need never feel threatened

. again.

Mike Grenby is a North .
_ Shore-based columnist and i in- ,
_ dependent financial adviser who
works with individuals, he will”

“answer your questions in this col’

umn as space allows — .write to’
‘him c/o The North Shore News,
4139 Lonsdale Ave., North Van-
“couver. V7M 2H4.

For more
- vacationing on™. Aruba,

TO-ARUBA.

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Wednesday, January 12, 1994 - North Shore News — 37

C.M. OLIVER & COMPANY LTD.
presents a seminar on

“HOW TO SURVIVE THE
CANADIAN DEBT CRISIS”

Guest Speaker:
Roy. 5. Bennett
(Roy B. Bennett & Associates, Asset Managers}

Lonsdale Quay Hotel
123 Carrie Cates Court, North Van

Thursday, Jan. 20, 1994, 7-9 p.m.

Tickets available through C.M. Oliver & Company
R.S.V.P. Alan W. Berge 666-6825

Find out how to decide which fund is right
for you before you make your RRSP
investment decision this year. —

Cail for this free report, and we'll also send
an updated quarterly report on our
Recommended List of Investment
Fund Managers. ;

Rick Peterson
Financial Advisor

Call Rick Peterson
Sr. Vice President
Financial Advisor.

Tol. 640-6570

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Do you need answers about .
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~'*How much iricome. should T take?
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Call The-RRIF Hotline Today oy
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