an: ‘amazing little. law that could end “ap: ene
ther ngside the famous eter Print

ments are feeling. rich-and. ‘cushy; “they
develop. the ‘principle that government can

enterprisers in'society. oe

And yet, the moment that the. dish cloth
has been wrung. out is the moment that
government decides that the public sector is
not good at. controlling the economy and
they immediately start -to ‘privatize’ their
weird litte vorid; :

We now have ‘everything ‘from Cypress
Bowl to. Pacific Coach Lines being ‘privatiz-
: boys who. . seemingly follow. --
the adage that when the: ‘going gets tough, th
government gets. out. .

st efficient and wovkakie of
“all: the: onomic forces in the world, it would
be comforting o have the government ac-
cept the: fact in the beginning rather than
“turn to the: free-enterprisers to. bail. them out.

And while many of those in: the Govern-
“ment service are feeling that they have been
betrayed, it should he pointed out.that in
“some ways the B.C. government's action is,
ina phe sense, a part of the ‘privatization’ pro-

“comes to Debt courtesy me a veky woudl ICBC
who conducted the recent Belt-up campaign

- vehicles.’ With: the ‘co-operation of police,
the campaign obviously worked with the: pro-
vince leading’ the: way across Canada. A
grandtotal of 83 per.cent of drivers belted up
in North Van to lead the way. A rare pat on
the back. to ICBC. for the safety awareness
campalgn that worked.

| sunday

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VERIFIED CIRCULATION 84,450 Wednesday; 64,278 Gunday

THIS PAPER IS RECYCLABLE

From The Law Society of |
~~ British Columbia

MARRIAGE is apparently
back in fashion, according to
current statistics, after the
institution fell into some
disfavor during the late
1960s and 1970s. _

The revival of marriage
may pose some problems for
Society. since some of our
moral. values have changed
over the last two decades.

The basic law ~has nat
changed, however. A couple
must still have banns read on
two consecutive regular days
of worship in a church where
the couple live, or they must
apply for a marriage licence
from the department of Vital
Statistics.

A marriage licence must
be otbained at least two full
- days before the weddding,.
but it expires after three
months if it is not used. |

New to licence applica-
tions is the choice of the
bride’s surname. Until
recently, it was assumed the

wife would take the hus- ©

band’s name. [If a woman

decides she is going to keep ~ °

her. own name after mar-
i she must make. that

By GLEN FLANAGAN

HOLDING LONG-TERM
Positions in stocks is like

shooting craps at Las Vegas’

and the safest way to make a
profit is to “dance in and
out” of the market, the
world’s highest paid invest-

_ ment consultant says.

Dr. Harry Schultz,
publisher .of The Interna-
tional Harry Schultz Letter,
says “widow atid orphan” in-
vestors who cannot afford to
take risks should move
quickly in the market
because the days of long-
term investment “went by a
long time ago.”

“I believe that one should
always be a cynic in the ris-
ing market and an optimist
in a falling market,” he said.
“That keeps you from being
inflexible.”

Schultz, who began his in-
vestment letter in 1964,
claims an 87 per cent success
rate on annual forecasts and
a 74 per cent lifetime ac-
curacy rate on monthly
stock and commodity
market advice,

The Guinness Book for
World Records lists him as
the world’s highest paid in-
vesiment consultant at
$2,000 an hour or “$3,000 on
weekends.”

During an interview with
UPC which took about
$1,500 of his time, Schultz

laws of the province.
couple is married in a
ceremony, they may:
have a religious cere
well.

Civil ceremonies:
need to be .,.per:
between 10:00 and

said inflation will not return
for at least a year and stock

markets will move in.a very |

narrow range during an
“unexpected period of
stability.”

__Noel
Wright
“on

vacation

. He said investors should
avoid precious metals such
as gold and look at soft com-
modities like cotton and
sugar,; which. show great
potential for profits.

“I ‘contend that people
who take long-term positions
are gamblers, Las Vegas-
type gamblers,” he said.
“Whereas. those who are
very flexible and very quick
to dance in and out of the
market - they're the widows,
orphans and Boy Scouts who.
can't afford to ‘take any
chances - take a position and
if it goes against them,
they're out. No risk and no! |
loss.”

Schultz. said his high ‘ac-
curacy rate lies in his advice |
to “hedge your bets and buy |.
insurance against losses” and
take quick advantage of both

5G pw:

8) |

upward and dowaward stock
movement.

By taking a combination
of positions, Schultz says the
profit will come from the dif-
ference between the price
movement of the stock and
the low cost of the in-
surance.

‘“My motto is ‘J am. never
wrong for more than 48
hours.” ” says Schultz, “And
if everybody were to adopt
that motto, nobody would
ever lose money because
when you're wrong you had
jolly well better face it

within | a few days and turn

your position around.”

There are currently two
camps of investors in, the
world, the consultant said.
The first and largest group
expect a new round of infla-
tion while the sccond camp,

” which Schultz, leans toward,

are deflationists.
“There is not

ing to be
any early, big

in any sizeable scale.”

“But for the. mear term,
like for the next year, they
may both be wrong and we
may be heading for an unex-

‘pected period of stability,

_ which no one expects.” .

He said the record ad-
vance on Wall Strect was
caused by a “wall of worry”

while the decline in gold was.

triggered a “wall of
timism.” " °P-

jon,” he
_ said: “If we have inflation it.
“won't be for some time again

sion. A person: under
ust: have the consent of

get. married ina este
on where the laws

Washington . State, .
“British ‘Columbia will
recognize that asa: legal mar-:

riage, even though it- would:
have been invalid if {had

been performed in B.C: ”

This raises an interesting

@ point, because our law says

‘the -parties of a marriage

/| . must be of opposite sex,

There are some states in the
U.S. that allow two males to
‘get married. What if two
males get married in the
U.S. and then come to B.C.;
do they have the benefit of
our marriage laws? That's a
case that would probably
have to be tested in our

courts.
* BC. the... ‘mar-

4 riage of blood 3 relations “but
it is permitted in some areas

“Gold will continue to fall
as long as the majority of
people are optimistic about
it, as they are at the mo-.
ment, and the stock market
will continue to rise as long
as there are a number of
cynics about,” he said. _

Schultz’ advice on the
Toronto Stock Exchange?
Stay in the market if the TSE
300 composite stays: above
2,420.00. Liquidate half of
your position if it falls: below
that and the other ‘half if the.
composite falls to 2,365.00,
If the index hits (2,360.00, .
take short positions to Profit
from falling prices,

While commodity markets
are the last area for making a
quick million, Schultz
‘recommends that. ‘potential
investors first study the
market and subscribe to two

-or three i investment letters.

“Most people | tend” to
plunge in first and study
‘afterwards. Get a fix on the
market and lear to master
stop orders and hedging.”

Schultz, also expressed lit-
tle regard for Joe Granville,
the atest “high-profile
market guru,

“He's a bit of an ‘embar-
rassment to the investment
profession. He gives us alla
bad name because it shows
that somebody can give ad-
vice and be wrong and con-
tinue being wrong and just
lead people astray endless-
ly.” Schultz said. *