Financial Serr ices lid. VISIT OUR WEBSITE www.instafund.com Lender Broker fees neuay apply Power Tune & Brake Shap OVER 11 YEARS EXPERIENCE ON JEEP AND MINi VAN COMPLETE REPAIRS HELPING THE WORLD WRITE NOW ° ~ CODE Self-sufficiency through jiteracy in the developing world 0 nformation, call 1-800-661-2633 MS Excel 97: Level 2 ; Thurs. 610 9 pum. 6 Thurs’ 7 to 10 pm. A good friend died a few weeks ago, aged 85. His widow told me the couple’s money has always been invested in government bonds. Tnen the son said, with a trace of annoyance: “IF only dad had been more aggres- sive, mum would have far more money today. A broker I know wants to move the money into equity mutual funds.” Mum, 82, could manage if she leaves the money in bonds, lives off the interest and eventually spends some of the capital. On the other hand, she could move money into the stock market. Over the next 10 years, this could increase her portfolio — and her son’s eventual inheritance. But if the market drops, there could be even less money than stay- IN Greater Cyberia, we are what we bookmark. North Shore resident David 4. Rodger, editor of ’ BC TIA Moniter (the bi-monthly magazine BUSINESS — Money for the rest of her life money matters ing with the bonds. The son, who has nwo sis- ters, will probably manage mum’s moncy. But before he makes any changes, I suggest- ed he: & Project’ mum’s annual (monthly) living expenses for the next 15 years. Include a worst-case scenario with, for example, the costs of nursing home care, or nursing care at home. 8 Looking at her whole finan- cial picture, project. mum's annual (monthly) after-tax, after-inflation income for the of the BC Technology Industries Association), shares his favourite five World Wide Web hot clicks. Hypertext heaven according to Rodger: WWW.Z22Z. com/ wagner This is for devoted Wagnerians who enjoy discussions on next 15 years. Show what would happen if she moved into different housing. @ Assess the effects of invest- ing different amounts of the bond money in stocks or equity mutual funds. Look at both conservative growth estimates and losses of as much as 30%. Living with higher growth never causes a problem. But vou need a plan in case of a big loss — for example, having enough other moncy to live on until the market recovers. Discuss with mum and other family members the dif- ferent options, risks and rewards. Consider mum’s risk tolerance: will she get upset every time the market or her investments drop even if she has only a few thousand dol- lars in equities? & Draw up a compromise plan — guaranteeing mum has enough money for the rest of her life, based on all the preceding information (which should be attached), Review, and if necessary revise, the plan. annually (quarterly in the first few years.) Be very careful to separate “what's good for mum” from “what's good for the adult kids after mum dies.” This is her money: her needs and feelings must come first. This could also be a good time to discuss mum’s will to make sure it is current, and to talk about a power of attor- ney. Mike Grenby is a columnist and independent personal financial adviser; he'll answer questions in this column as space allows bur cannot reply personally — contact him at P.O. Box 50029, Sonth. Slope R.P.O, Burnaby, B.C. V5} 5G3; e-mail and see previous colunins at Mike’s Web site, emmgrenby.com>. years, but true Saskatchewan folk never lose hope. www.betechnology.com This is the one-stop source of up to date information on B.C. technology-based. companies and events of interest to people such as myself who write about it. . .www.civilwarhome.com I’ve had a lifelong fascination with, the U.S. Civil War and have visited many of the major battlefields and historic sites related to that tragic conflict. 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