20 ~ Wednesday, June 16, 1999 — North Shore News HAVE you rebalanced your investments late- ly? Your mutual funds/stocks could well be worth far more than you paid for them. That means an original 50-50 bal- ance between equities and debt instruments (bonds, GICs), for example, could now sit at 70-30. You could rebalance by selling some stocks to buy bonds, to restore the 50-50 ratio. That forces vau to “sell high” (and to “buy low” when the balance shifts the other way). However, this approach also forces you to pay bro- kerage commissions and tax on your capital gains. And you might not want to sell any of your stocks, The Money Reporter notes if you are adding to your investment program, a better way to rebalance is to put the new money into (in the above example) debt instru- ments. The newsletter says you should sell a stock only if'a material change in the com- pany negatively affects its long-terin growth and carn- MORTGAGES 8 WHEN THE BANKS SAY “NO” 687-2020 pase, INSTAPY, VND Financial Services Ltd, VISIT OUR WEBSITE www.instafund.com Lender Broker fees may apply north shore news & RUSINESS lancing your Stock basket ings potential, the stock no longer suits your portfolio or vou can replace the stack with a better one. If vou don’t have the skill or time to choose winning international investments, whether foreign stocks or mutual finds that invest abroad, consider Spiders, Diamonds and Webs. Like TIS and HIPS (which retlect a basket of the largest Toronto Stock Exchange stocks), Spiders reflect the Standard & Poor's 500 index; Diamonds track the Dow Jones Industrial Average; and Webs (World Equity Benchmark Shares) are index-linked ks for 17 different coun- These three index instru- ments trade on the American Stock Exchange. If you own a business, do you focus so much on build- ing the business that you negleer a personal invest- ment and tax-saving pro- gram Envest regularly in a port- folio with the right mix (or you) of equities, debt instru- ments and real estate — as well as 2 realistic estimate of the business’s value. E’S THE KIND OF MAN WHO ATTRACTS YOUR ATTENTION - NOT BECAUSE HE’S A CELEBRITY OR BECAUSE OF HIS ; PHYSIQUE. IT’S BECAUSE HE PROJECTS CONFIDENCE WITH A CLASSIC SENSE OF STYLE. HE’S A DUNN’S TAILORS MAN. FATHER’S DAY “AT DUNN’S TAILORS ‘Suits in High ‘Twist Wool or Super 100’s Wool reg. $799.00, now $399.00 Sport Jackets in Italian wool and wool and silk blends, now 25% Off Dunn’s and Hathaway Dress Shirts now 50% Off Knits: Perfect for the Weekend outing or the Golf Course, now 25% Off ‘Spring Casual Jackets in the latest shades of Micro Fibre, now from $79.00 Casual Sport Shirts from Horst Dusseldorf, Modango, Casa Moda, Klauss Boehler and others, now 25% Off Cotton Casual Slacks now $44.99 te $64.99 Park Royal South 922-2018 Remember RRSPs and RESPs. if the business is incor- porated, choose the best income-splitting mix cach year of paying dividends and salories te minimize both corporate and personal tax. Talking of tax, Australia’s latest federal budget plans to ensure taxpayers with simple affairs can rely on oral advice received from the tax office. Revenue Canada, please take note. —~ Mike Grenby is a columnist and independent personal financial adviser. He ll answer questions in this column as space allows but cannot reply personally . Contact him at P.O, Bax 50029, South Slope R.PO., Burnaby, BC. VS] 5G3: e+ mail . RICHARD Rees cf West Vancouver is the new chief execu- tive of the Chartered Accountants of B.C. Rees is former executive director and CEO of the Heart and Stroke Foundation of B.C. and Yukon where he helped raise more than §100-million. Rees rakes over the 7,800-member organization trom the retiring Ritchie McCloy, Rees. a graduate of the London School of Economies, came to Vancouver in 198). The former president of Faraily Services of the North Shore is a Rotarian and assistant coach with the Lions Gate Soccer Club. Wite Elise is a tax partner with Ernst and Young in Vancouver. They have two sons, Jamie 10 and Rory 8. There are 7,800 chartered accountants in B.C. Gam Royal Bark senior vice-president Anne Sutherland is moving to West Vancouver. Sutherland, who joined the Vancouver office of Royal Bank in 1981, recently became responsible for service to the bank's 1.5 million personal and business clients in B.C. Sutherland has an MBA trom York University and Laval University and BAs from the University of Toronto and University of Edinburgh. Before her promotion, Sutherland was senior vice-president of small and medium enterprises in Royal Bank's business banking division. Sutherland is a director of the Vancouver Board of Trade, the Institute for Enterprise Education and B.C. Business Council. New business degree offered SIMON Fraser University is offering a new Management of Technology (MOT) MBA degree program. The first 30 students begin classes in Jan. 2000 in the new Technology, Innovation, Management and Entrepreneurship (TIME) Centre at Simon Fraser University’s Harbour Centre campus. This master of business administration in the management of technology is specitically designed to address the needs of B.C.’s high technology business sector. Students enrolled in the MOT MBA will spend six intensive months in the classroom before returning to their workplaces to com- plete a final project: a strategic business analy- sis for a local high-tech company. The nine courses that make up the curriculum focus on the skills and knowledge essential to the suc- cessful management of technological innova- tion. A betw semesters conference will cover such topics as negotiation and conflict management, ethics and corporate responsibil- ity, the culturally diverse work environment and personal career planning. This new professional graduate degree will appeal to those with at least two-vears experi- ence working in the high-tech sector. The application deadline for those with a non-business undergraduate degree is July 31, 1999. More information is available from the MOT MBA Web site at ewww. harbour.sfis.ca/mot> or by calling 291- 5255 or e-mail .