23- North Shore News — Sunday, December 24, 2000

g should

YOUR financial adviser
should extend the spirit of |

: giving to the whole year as .

far as (1) sincerely caring
- fer you and your family,
: and (2) comm: unicating :

: Never underestimate the power :

of a kind word or caring gesture,
psychologist and family therapist
Rhonda Karz advised a group of.
financial planners. .
“We're dealing with emotions.
all che time — gricf, fear, pride, -
shame, énvy, anger,” she said.

familics are € often :

about different per-
sonalities and val-.
ues, and how some -

: people need more
° and some want _
. more.”

A couple nearing
retirenient came to
see me, worried
because they still

* had debts and no

savings.
iscovered. their large family
returned home every Christmas,

Which drained the couple’ S Sav-

ings. :
ol made some suggestions and»

“also pointed out
many parents)

would give any

money to have:

-. their adult chiidren
return home each
year.

- Your adviser should
ask about your par-
ents and/or. chil-
dren (grandchil-
dren)... :

* Your finances often link with
‘theirs — and how you feel about.
ie link | must form part of your

an,

An adviser who neglects to

matters

sonal

explore fully the personal side of

financial planning cannot give you °

roper advice. .
-To earn your trust, the adviser
should show s/he cares about.
more than just your money. -
Sure, it’s a business relation-
ship, but I have always maintained

this sort of planning is 60 per cent:

personal, 40 per cent financial.
And that leads to the other :.
“gift” you should expect all year.

‘froin your adviser: clear language.

If you don’t understand ‘what
your. adviser is saying, it’s her/his.
fault, not yours. -

_ of undecstinding:

Speak up the first time some:
thing isn’t clear.
The adviser must talk and write’

to you in terms you can under:

stand. If not or if s/he gets imp:
tent, find soniebody else. .

Mike Grenby is a columnist

‘and inde pendent personal financiai

adviser; he'll answer questions in thi

- column as space allows but éannot
reply personally.

Contact kim at P.O.

Box 50029, : South Slope “R:P.O.

\: Burnaby, B.C. V5]..§G3;: e-mail
* mike@grenby.com and see. previous,

Don’ t be ashamed of your. lacl columns at <wwwgrenby.com>

.. With a fair degree of certain-
“ty that 45 years after birth,
tes go up, stock market
activity-will go up too. And.
indeed, as the baby. boom
generation moves throug.

their'peak spending years

has driven the market up.
Dent’s optimism for-the** . = ° And what it

future of the market is based". simoly. this: ing

on one demographic certain Roane shares, and invest

ty: that the. bulk of the baby ¢ long term:

boomers have yet to hit thei Don’t get Panicked when

peak. spending years. The there’ kes

U.S. birth rate peaked in the

early, 1960s, and a quick bi

of math shows us that these’

THE stock market i isa.

, (city, province: country) by
notoriously fickle -

‘age, income, sex, education,
occupation, etc. For exam=.:
ple,.45 per cent of the adult
male population of B.C.
wear boxers, 32 per cent
wear briefs; and the remain-
ing 23 per ‘cent’ go ‘au
-naturel, there are 25,392

pick indiv <
does provide a guid
“ what your investm
gy should be

matically, then just as quic
ly, phen « Tayestors can
and lose — a for-

the Fone investors moa!
as their fatest hor ticket:
yestment cools.’ “Then we
id invest in. stocks that
are going to’ ge. up in price

seem to > be coming true, ;
his theories are Feceiving a
“lot of positive attention, as is
his new, book, The Roaring
2000s, which he argues
- that while the 1990s were
“good, the next ten years will
see even greater economic : ’
growth
Here is Dent’s the 20ry in
On average, 3 an ‘And
ual’s peak spending: i
"” years are between the ages |
5.and 50-:

“ cinate polisters, marketers.
and advertisers, but prove...
deathly boring to the rest of.

brokerage: firms.
€ Baby B
‘enters the savings aid invest
‘nt phase of their. li
ow invest ‘smart!

‘ago an economist named
Harry Sz Dent. wrote i a | book:

stocks, g s the pepe
you:cair predict the overall’
trends of the'market by;
‘studying demographics.

' stock market es ane
Fromm his analysis of histo- -

; people are “putting r money.
“ty, he predicted that ‘America ©

away into savings and inves!

bell, demograph

was.on the cusp of.a great
conomic boom::A decade

ics is a way Of categorizing’
f:

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