Photo submitted

ONE HUNDRED and sixty UBC Honour Society members were recently inducted into Sigma Theta Tau International. Inductees include (left to right): Dr. Anna Marie Hughes, Dr. Joanne ‘Olson, France Bouthillette, Wendy Winslow, Carolyn Iker, Sharon Dixon and Angela Henderson.

Nurses inducted to Society

BUSINESS BRIEFS Compiled by Kate Zimmerman

North Shore business groups and individu-

_als wishing to submit items to Business Briefs can fax them to the attention of Kate Zimmerman at 985-2104.

Nurses inducted Seven North Shore nurses were among 160-U.B.C. Honor Society

members inducted into the Sigma Theta Tau International at the University of British Columbia Faculty Club earlier this spring. Members are recognized for their outstanding achievements and leadership i in one or more areas of nursing. The honorees are: Dr. Anna Marie Hughes, Dr. Joanne Olson, France Bouthillette, Wendy Winslow, Carolyn Iker,

Sharon Dixon, Angela Henderson.

Business Births...

West Vancouver: Mega Movies, retail trader/video rentals: Caulfeild Plaza. property manage- ment.

North Vancouver City: Evergreen International Technol-

ogy: computer software.

Investment alternatives abound

THIS ARTICLE will explore the opportunities and alter- natives available to those faced with the task of invest- ing lump sums, as a result of settlement from insurance, inheritance, past employer, maturing assets or the sale of real estate or home.

By Russell Moldowan Contributing Writer

What should be kept in mind when investing large sums is that all tax deferral opportunities, retiring allowances and severance packages can and should be used as contribu- tions to RRSPs to defer income taxes,

With interest rates on the rise and a wide variety of investments to choose from, the conservative, income-oriented investor has oppor- tunities thet have not been around for afew years. With inflation at historical lows, rea] returns avail- able on fixed income investments are about 64%. Investors have the opportunity to make the best of this

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low-inflation environment. What ways can the invéstor get this return? Look at T-bills, bankers’ acceptances, stripped coupons, mortgage-backed securities, and high-quality corporate and govern- ment bonds.

The hardest choice income-ori- ented investors have to make is whether they want the investment to provide periodic income up to maturity or whether they can wait that long for the interest payment.

{f committing to an investinent for more than a year makes you uneasy, then perhaps Treasury bills and other short-term guaranteed investments best suit your style.

There are stripped coupons and other securities that pay attractive returns and still return your capital in less than one year.

If you require your investments to supplement or provide a regular income, mortgage-backed securities will fit the bill. ‘hese are uncondi- lionally guaranteed by Canada Mortgage and Housing Corporation.

Monthly income from them is both competitive against other investments and handy in replacing

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other regular income. Interest rates are slowly on the rise and many investors would like to take advan- tage of the increases.

If you are investing a significant amount, then diversification by maturity date is will ensure that you can take advantage of higher inter- est rates as your investments mature. The different investments mentioned offer returns based on term and on credit quality. The most popular investments offer the investor a guarantee on payment of principal and interest by a govern- ment or government agency and in many cases there is no difference in

‘yeturn for this safety.

Qae small step below this are investments offered by the chartered banks; there is no express guaran- tee, but Canadian banks are among the most secure financial institu- tions in the world.

Russell Maldowan is an invest- ment advisor with ScotiaMcLeod in Vancouver. He advises on Retirement Planning and Investment Management. Your questions and comments are wel- comed at 661-7475,

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