24 — Wednesday, December 9, 1998 ~ North Shore News

Be
up the

ONCE again it’s time
for some financially fes-
tive reading, like why
you should Stop Buying
Mutual Funds (Wiley,
$24.95).

Author Mark Heinz!’s
main reasons: Few funds regu-
larly outpertorm the stock
market averages.

Sales commissions and
ongoing administration tees
cut your returns. Unwanted
capital gains taxes hamper
investment growth. Some
advisers sell funds that produce
commissions for them rather
than profits for you.

You can easily create your
own diversified investment
portfolio with, for example, a
mix of low-cost stock market
instruments that track the
Toronto and New York indices
plus bonds or GICs.

If you do buy mutual
funds, at least choase: good
performers with low costs, and
ones that keep capital gains
taxes to a minimum, said
Heinzl.

Guarantee Your Child’s
Financial Future (bv
Benjamin McLean, McGraw-

¢ Luxury 4 wheel drive
yo Auto trans.

¥ Leather trim

V Power sun roof

¢* 160 watt Bose system

Plus many other features

Down payment $5,000.63
6.5% interest rate.

STP $22,424.63,

H Taxes extea. Ask for derails.

Gi

money
matters

Hill, $21.99) and How Can 1
Ever Afford Children? (bv
Barbara Hetzer, Wilev,
$20.95) combine putting your
own financial affairs in order
with giving the kids some
inoney smarts.

Teach by example, says
McLean. His top tips (how do
you measure up?) include: Set
goals, pay vourself first, avoid
personal debr, diversify, mai-
mize a registered education
savings plan especially now
Otrawa kicks in some money
with its new Canada education
savings grant, maximize
RRSPs, minimize taxes, have
enough of the right types of
insurance.

Or as Invest in Yourself (by
Eisonson-Denveiler-
Castleman, Wiley, $32.50) put
it: Spend less than vou earn,

north shore news

rk

joKs to help add
ist of living

woid debt, and invest tor
Brows .

In Make the Mos: of Whar
Youre Goi, the Canadian
Guide a Manaaina
Re
$24.9:

Stresses Te

plan to mateh your seeds
your income rather than
spending as little as you can
and worrving all the time
about money — in other
words, work out "how much
is enough” and make the most
of what vou've got.

Make the best use of
RRSPs and RRIFs/annuities
and other ways to help lower
your tax bill, understand
employer and government
pension benefits, and choose
the mix of investments right
for vou.

— Copriaht 1998 Mike
Grenby

Mike Grenly will answer
questions in this column as
space allows buz cannot reply
personally — contaci iim at
P.O. Box 50029. South Slope
R.PO,, Burnaby, BC. V3]
SG3: eomail mike@arenin.con:
and see previous colusmns ai
‘ {tite's websize: warmagrenéy.com

Regency QO inerniti

"YOUR DOWNTOWN DEALER"

739-7811

1768 Burrard at 2" Ave. www.rege

ad

A GardenWorks Gift Certificate is a great gift idea

for gardeners, homeewners & plant nuts!-

te

- BUSINESS

Bike shop has its own G-Spot

From page 23

As on stands. mountain
hike technology has already
progressed to othe peint
where a top of the line bike
features front and: rear sus
pension and 20-plus gears to
choose trom.

But the features come ata
price with the top-of-the-line
mode running ST.Q00.

i Manz and
Ko names. Decy
Cove Bike Shop alse carries
iss awn brand of mountain
bike.

Developed and designed
en the North Shore tor the
North Shore, the bikes are
carry names or a. single
theme.

The various models
include the Stifty, Hand
Job and the Hummer.
Coming this spring is the

The other business on the
bieck ois Inward Bound
Therapy Centre.

long awatted G-Spot,

All the rest.

NSE POUND
| gee | Mortgage
| ‘w.| Lender

/“ when the banks say “no”
/ when speed counts
/ low rates and fees

“Celebrating our PSth Anniversary.
Call ite for at quote takin?

687-2020

Lender Broker fees may apply

Irim your tree
this weekend.
Layered Noble Fir

A classic, layered tree with space between each layer to display your most trea-
sured ornaments. Strong branches hold even heavy ornaments.
A wonderfuily fragrant & Song lasting Christmas tree!

$ 24 . 9 7 (5-7 feet)

“Y HOLIDAY HOU

Sey
GARDENWORKS”

Christmas Trees, Poinsettias, Crafts & Gifts
for the holiday season