- > four-seat NEWS photo Pau! McGrath GROUSE Mountain president Stuart McLaughlin said that the resort's new high-speed Hift will decrease the travel time to the top of The Cut by 15 minutes. Grouse to install new quad lift ” Jan-Christian Sorensen News Reporter | forensen@nsnews.com GET set for a faster way to make the cut at “ « Grouse Mountain this . “winter. “.. The resort is planning cto add a high-speed, detachable chair lift -- in December, the first of its kind in the Vancouver area. 8 The new quad lift — travel- ling 683 vertical feet and mov- “ing at a maximum rate of 5.08 metres per second — will trans- port skiers and snowboarders to the top of The Cut in just “over four minutes. It will also service. the. Side. Cut, | Lower Side »*: Cut, ». Skyline - “will be‘abfe to wansport up to 2,000 people an hour. : ‘ Jake: away the | a chat fienic Pack | and- ~ Buckhorn: runs.‘ The ‘quad lift: Stuart McLaughlin, presi- dent of Grouse Mountain Resorts, said that the new lift will shave about 15 minutes off the old chair’s time, installed in 1972. “I chink there’s a real antic- ipation for it, because it’s the first ame that you'll be able to ski-on one of the local moun- tains with the most current technology.” The old chair lift and T-bar system will both be removed, which will expand the run by nearly one-third. Grouse has also added a new Pisten Billy Snowcat vehi- cle to its snow-grooming fleet and has launched a half-million ‘dollar upgrade to its snowmak- in plant. The toral-doilar value ‘winter sports investments at the resort this year — including the new quad lift — amounts to $3 6-miltion. BUSINESS Plan your investment ‘trip’ IF you have ever risked something, you own with the hopes that you will get something bet- ter in return, you already are an investor and you intrinsically understand the invest- ment process. For example, you can invest your skills in your job or your time into a good cause or relationships. Extend that risk to include money, perhaps some savings, and the investment process can build for you a more financially secure future. Hewever, success requires planning and some basic knowledge. In many investment cir- cles, shares of companies that trade on stock markets are referred to as “securities.” This title reflects the fact that your money is being exchanged ‘for something that is “secured” by some assets. Stocks are certificates repre- senting partial ownership of a company and are secured by the revenues and assets of the company. There is risk to investing in stock, but it’s that risk that is rewarded when a company is successtil. Share prices increase and dividends are paid. : But share trading activities — as part of the investment process — are strictly regulat- ed so the risk to investors is limited and companies seek- ing investors know precisely what they can and cannot do. Rules ensure confidence that the markets accurately reflect the values of listed compa- - INCLUDES: ° 1 Whole tender, jui Chalet Rotisserie Chicken ¢ 4 Chalet Sauces, 4 Side Orders and 4 Fresh Rolls § @ Choice of Chocolate or ‘Vanilla Cake 04 cans of Coke, Sprite or Diet Coke. NORTH VANCOUVER. 986-1858. if 801 Marine Drive @ Fell Averiue (Capilano village) it’s worth hies. It’s the job of governing, authorities such as the British Columbia Securities Commission or, in the United States, the Securities Exchange Commission to “police” the markets and check that listing require- ments and trading rules are being followed. The result is fair and orderly markets where indi- viduals can buy and sell secu- rities that are standardized and easily exchanged. Companies that tall afoul of the governing regulators face suff financial and potential Sunday, August 20, 20C9 - North Shore News - 19 criminal penalties. Once vou understand the ground rules, vou can plan your investment strategy and set goals. Investing is like a long trip and requires a good deal of planning before beginning. How long is the trip? What is your investment time frame? How will you get there? What type of investments will you make? How much food and gas will the trip require? How much money will you need to reach your financial goals? Are there any scenic viewpoints or stops? What are vour short-term financial needs? How long is your reservation for? How long are you planning on living on your investments? Inclement weather could ruin your trip. So could run- ning out of food, fuel, and accommodations. Likewise your future financial plans may be sidetracked due to saving too little money, choosing the wrong invest- ments, Or not properly moni- toring your portfolio. To properly prepare for your financial journey you will have to answer several questions carefully: What are your investment goals? Ac what age do you plan on retiring? How much money will you need to maintain your current stan- dard of living during your retirement? Will you be trav- cling much in your retire- ment? What, will a college education cust for your chil- dren? Will you need money for a down payment on a house or a vacation home? How much money are you willing to contribute to a reg- ular investment plan? You must be specific wit your answers. They will give direction to achieve your financial independence. a Rod Streets is a North , Vancouver resident and head - instructor at Vancouver's Swift... Trade Securities, a day trading - school and trading house, : Don’t take cabbie’s hot tips | From page 15 @ Unclear objectives. Write down specific reasons why you are saving /investing. lf No diversification. Focus on what you knew best, but hedge your bets — low to high risk, different types of investments, etc. No budget. Every success- ful business tracks its expens- es. Control your money: know where every. dollar is going. Those hot tips. Even the experts can be wrong, so what are the chances your friend or the cabbic/hair- dresser/barber/doctor. will be right? —~ Mike Grenly i: is a colum- nist and independent personal : financial ‘adviser. He'll. answer questions in this. cal-. umn as space allows but can-! + not reply personally. Contact» hin at P.O. Box 50029, South Slope R.P.O.,. Burnaly,. BC. 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