B4 - Friday, June 8, 1984 - North Shore News

MB business (59 |

MINGLING YOUR MONEY
How to find a mutual

Ww

management.

A mutual fund by defin-
tion means that your money
is mingled with our investors
to make purchases of stocks.
Your investments are selected
and monitored by a manage-

“ment team on a daily basis.

If the fund makes suc-
cessful investment decisions,
then the value of your por-
uon (shares) of the fund will
increase and payment of
higher dividends is_ likely.
Dividends can either be paid
Out to you, or you can choose
to reinvest your earnings into
the fund.

The two major considera-
tions then are a strong fund
and intelligent management
who will increase the funds
worth by successful in-
vesting. In thks way, your 1n-
vestment should be safe, the
selections sound and you will
be rewarded by an increase in
the value of your shares and
or dividends.

In order to establish a
short list of strong mutual
funds, you should compare
several funds performances
over the past five to ten
years. Comparative lists are
published on a regular basis
in the media, and the Finan-
cial Post in particular. The

library may be a good source
—_

for past issues.
Once you have chosen the

very best performers, then

-

HEN shopping around for a mutual
fund, there are a few things you should
know regarding cost,

performance and

dollar
sense

by Helen

Davenport
a]

you should look to any dif-
ferences in cost. The inital
sales commission and the an-
nual management fees charg-
ed by the funds will each af-
fect the performance of your
investment.

The management fee is not
a direct charge to you, bul a
direct charge to the fund. It is
in your interest that the cost
is reasonable. Check that the
fee is spelled out in the funds

literature.

Funds which charge sales
commission are known as
load funds. Most are sold
with a sales commission that
is negotiable in the four to
nine percent range. However,
there are funds which can be
bought without a sales fee
and are termed no-load
funds. The track record of
these funds compares just as
favorably as the load funds
even though tn some cases
their management fees are
higher. So negotiate com-
mission or choose one without
a sales charge, the choice ts
entirely up to you, but always
look at performance first.

RECOMMENDATIONS

To get you started, some
funds that I particularly hke
and that have had strong per-
formances over the past ten

years would include Dynamic
Canada (no-load), Industrial
Growth and Industrial Equi-
ty (both load funds). Each of
which are ehgible for RRSP
contributions.

1 would look at a recent
fund with a history of just
one year, the Templeton
Canadian Fund. Jobno
Templeton is regarded as be-
ing a foremost manager of
funds with an exceptional
track record.

Finally, a fund which is
grabbing a good deal of at-
tention is the brand new AGF
Income Fund. Dedicated to
investing in Canadian
Prefered shares, it promises a
monthly divident income to
investors.

Helen Davenport ts a
registered representative with
Dominion Securities Pitfteld
in Vancouver (682-4424).

Care For Kids
Become a Friend of

SNS

British Cotumbia's —_

Children’s Hospital

“secret”

more, that

eating it too @

Please contact:

fd

funds. Why itis a”

Alice L. Maclean

lnvestmernts
(Bus ) 669 1144
(Res ) 98/7

669 1143

ALL OFFERS ARE BY PROSPECTUS CONEY

How to get a “secret” monthly
income while minimizing your taxes:

Many professional advisors have not latched on to the
income that 1s available through investment
secret’ we dont know — it has been
proclaimed and used for over 50 years in
called a Monthly Withdrawal Plan Here is what the past
has shown: A person who had $100,000 in Templeton
Growth Fund on January |},
month withdrawal of $1,000, (12% per year) would have
received $240,000 in monthly payments by December 31,
1983 (Mortgages were paying only 7% in 1961)

However, instead of having just the or:gtnal $100,000 left,
the value remaining in the fund 1s now $800,789 Further-
$240,000
quarter or less tax liability than an equivalent mcome
earned from interest or annuities

With that $800,789 which ts left you could withdraw 1%

per month ($8,007 monthly or $96,094 annually) to keep
pace with inflation How s that for

“income — would

For free information on Withdrawal Plans

Service a

SOE

GREAT PACIFIC MANAGEMENT CO. LTD.]

1200 Burrard Street
V6zZ 2C/7

1010

Vancouver. BC

1964 and started o 1% per

beor

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669 1143

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