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32 - Wednesday, February 6, 1985 - North Shore News,

Where to invest?

RRSPs and this week we will look at

i ast week we discussed Equity investments for

guaranteed investments.

You can put sour money
into any of the ¢ians offered
by the Banks, Credit Unions
and Trust Companies or you
can use a self-directed plan to
hold Term Deposits or
Bonds, etc.

Your first decision is
whether to use the ‘Savings’
section or ‘Term Deposits"’.
Hfsyou wish to have some
money readily available then
the savings account interest
will be between 7 and 9 per
cent. On the other hand, by
committing your money to a
term of, say, one to five
years, you could be earning
anything up to 11 per cent or
more,

Remember t'..it you cannot
use your RRSP to purchase a
pension before age 60 so, if
you are under 55 you may as
well commit your funds to

By BERT WICKHAM

the highest rate, usually
available on the five year
basis. You can keep some of
your RRSP funds in the sav-
ings section for emergencies.
Alternatively, you can split
your investments over several
years to obtain an averaging
of interest rates.

Many people prefer to deal
with the major Canadian
Banks for the feeling of safe-
ty and security that they give.
There is also the convenience
of dealing where you bank
and sometimes your bank
manager will offer better
terms for an RRSP loan
when the funds are being in-
vested with the bank. On the
other hand, the bank's plans
tend to be less flexible and in-

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IN REAL ESTATE

*PRELICENSING COURSES
*POSTLICENSING COURSES
*ONGOING TRAINING

Classes are conducted by full-time Professional
educators at our Training Centre, field training

by our branch managers.

How successful you dre or can be as a real
estate sales person depends greatly on the
company that is behind you. Ensure your
success by working for a company that offers
essential backup services, is Natiotwide and
will give you the personalized training that you

need.

Royal LePage is Canada's leading real estate
company with offices across Canada, the
U.S. and in Europe. Call for more information.

North Vancouver
Chuck Traunweiser
985-9544
Harold Dueck
985-8321

West Vancouver
Peter Bakonyi
926-6011
Bob Norquay
925-1441

novative than those offered
by the smaller and more ag-
gressive institutions. If you
need it urgently, you may
find it takes several weeks to
get your money from ‘back
East’.

The Credit Unions offer
terms and conditions which
compare favorable with the
banks and there is the aspect
of self-ownership and
cooperation. Provincial
legislation gives protection to
the funds.

Membership in the Canada
Deposit Insurance Corpora-
tion has enabled many of the
smaller, aggressive Trust
Companies to compete very
successfully in the RRSP
market. [t is in this
marketplace that you can get

the highest rate of return.

| ANSWERING SERVICE:

atTerm.De;

10-year annual

compound growth rate

Guaranty Trust’s Managed RSP|

® Equity Section grew 477%* in 10 years © Mortgage Fund RSP

® Gained 5.9%** in 1984
* A no load fund

OTHER GUARANTY TRUST RSPs

© GIC-RSP — guaranteed interest rate
for a fixed term

® Daily Interest RSP —- high savings rate

VANCOUVER:

800 West Pender St....... 681-0151
2634 Granville St.

at 10th Ave.

“Call us...
and let’s get growing”

— for investment growth
© Self-Administered “Special” RSP
— you decide your portfolio contents
*® Government guaranteed RSP
— high rate of return and safety
of principal
‘Jan. 1/75 - Dec. 31/84, Includes income.
**Jan. 1/84 - Dec. 31/84. includes income.

® RSP Loans — pay nothing for 4 months

North Vancouver:
1452 Lonsdale Ave.
at 15th St.

West Vancouver:
1645 Marine Dr

. 985-7487
. 922-0158

736-6595

se age