Art offers ii variety to portfolio SOMETIMES PAPER investments don’t cut it. By Ian Noble News Reporter _ Other investments can earn money and bring enjoyment at the same time. One such ’ investment vehicle — not RRSP eligible, by the way — is art. Mary Southerst, manager of Harrison Galleries in West Vancouver, calls art a long- term commodity for investment purposes. She said art buyers must remember two things — buy what you like and purchase from a reputable art dealer. The return on the investment depends on ‘the-artist and what stage the artist is at when . the art is purchased. But she added good art never drops in price. “T’ve been with Harrison Galleries since 1980 — that’s 15 years — aud I’ve never had aii artist: go down,” she said. Don’t expect a quick return. “We're look- ing at maybe 10 years,” she said. Roger Latta, of Roger. Latta and Co.. financial consultants, has an idea for low- income investors who want to make more HARRISON GALLERIES’ Weat Vancouver manager Mary ‘money than they have work for them — real Southerst contends good art never drops in price. estate. - - He said those making less than $30, 000 a year don’t reap the benefits of RRSPs, but saving for real estate ~ could be the answer. ..,He notes a $30,000-a-year employee could qualify : for a $60,000 to $70,000 mortgage. He said rental “ Properties, in outlying cities with low vacancy rates EXCEPTIONAL such as Campbell River, Comox and Courtenay are the way to go. . Simply put, Latta said if you buy a condo for $90,000 with $10,000 down and the investment rises 10% to $99,000, that’s a 90% return on the investment. And only 75% of that capital gain is taxable. . RRSP f RRSP: Behind these letters INVESTMENT | 21.3% RETURN | stands a Triple A. ; AVERAGE ANNUAL YIELD “LAST 2.YEARS - : In addition to exceptional financial : security, Standard Life offers a fe REGAL PACIFIC MORTGAGE 7 comprehensive range of RRSP STANDARD LIFE CORP. ‘ investments capable of meeting 731-2899 . : all your needs. Call us today ! ‘This is not an offering for ssle = A Buis(604) 404-6007 » Driven. eh may onl be ade by cing mercran as, t Pgr(604) 258-3628 To exceed your needs. :,' >". 2 "The greatest fortunes in the next decade are in the field of distribution. _ As middle managers get laid off, talented people will be launching off in their own business.” Paul Zane Pitzer, Economst/Author, “Unlimited Wealth” ‘The answer is a business of your own-a Home-Based Business! | Attend “0 ‘DATE: Monday, February 26, 1996 TIME: 7-9 ¢ p. m. _ PLACE: Executive Inn, 4201 Lougheed Hwy. Burnaby (1 mile east of Boundary) NO ¢€ osT (et 50 people to regter rece ethos ohn Hon Fog book Money, Money, etc. FREE) LOOK AT-THE FACTS © Tired of the same old grind? ° Everyone needs 'to expand their inco.ne circle *. Most people live paycheque to paycheque « The #1 cost of ving is taxation. Tax laws are - geared for small business, not to the fF . . Individual I. © Less than 1/3 of Canadians have a retirement | ¢ Government pension plans might not be . there for you at retirement This seminar will provide you with the following information: . Capitalize on the trends: Safety, Energy, Environment ¢ On a 68 billion dollar industry that is growing 20-30% every year e Very low start-up costs * How to suivive in times of financial uncertainty © Corporate Jownsizing ¢ Rising prices © Limited futire income potential ¢ Increasing taxation © Less leisure & family time © How to create a residual income Reserve now - seating is limited! CALL 421-5115 Hf unable to attend, call to receive information on how you can own your own business turn the page on his retirement Michael Burch, owner of Whitecap Books ‘and a NSCU member. Michael paid attention to the little details, just like he does with his own business. By having a personal financial plan, as wellasa |. business plan, Michael is building for a secure: future. Now, he has a retirement plan ‘that works as hard for him as his business does for his customers. Together with a NSCU financial advisor, you too can make your RSP plan work harder by diversifying your portfolio to include: GICs, mutual funds or other new RSP options. Visit: one of our branches to find out more, or call us _ ‘at 986-4321. We're on Your Side... for retirement planning. NORTH SHORE SF CREDIT UNION Peston in goon Commun. 9 Full Service Locations North Vancouver * West Vancouver ® Vancouver ¢ Burnaby * Whistler Proud sponsor of the 1996 BC Winter Games