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in February Easy steps to understanding mutual funds Most of the people I meet know what a term deposit or a investment is The single most diked question concern ing investment vehicles Is What Is a mutual fund or invent merit fund To answer this let me you the story about Tilt Once a very prudent and sue former decided that he should become an investor After diligent study and research he con eluded that he lacked the necessary time knowledge and experience to be a successful investor Thus he determined to seek the of on he presented himself at the offices of Hull and Bear Limited professional Investment counsel and asked to see Mr Pull thL dent He was somen hit token upon entering a board room to find five gentlemen si ited around a long table cor dmlly receiveil and introduced the fjrmertxfan Gentlemen I am here tune a proposition to make the yiars I Imc to set aide j nice little sum of money 1 hue decided be iniaied Vinous inquiries and a cert amount of reading brought me to the conclusion I ho l gentlemen ore rccogiined as the best there is in the field of investment Therefore it is to that have decided to make ropes i lion I wish to Rive you alt of my money to invest However there arc certain conditions I In so doing First he said I don wish to have alt eggs in one basket has taught me that the way to farm successful Is to diver your crops and jour livestock Therefore I wont you to nil of the industries in our economy ling those Much in your opinion of the most potential ta the in vestor wont you to look close lv all of the companies within each of these industries picking out most promising Having done this I i to a nous companies of the so that you can determine CO to of the best corporations in which invest Once you hove done this however I dun I want to slop Things can change quickly So I you to make this a continuous full time comparative I will fine you authority to make any changes you wish whenever you think such me Incidentally he added I vi ilways found that can i great deal mort inform by talk inf to a man ict lo I want to lo nut to these com panics vou and pie ihe sales tin n people soon Set he si i you should look alter such id dividends keep tin handle ill paper I int is periodic ind i statement each yew tilling me how to report for income purposes Third I expect you to an audit of my auditors every year I olso to receive statements along will my dividend mo all about what has happened during the previous months such things as what you hive bought what youvt whit- expenses have been and how much mode or lost would also appreciate your opinion on the outlook for the next three months finally he slated I know that this is going to cost money and you hove every right to be paid As incentive to you and a protection me I you retain your fee per cent per year of my investments are worth In my ihc you make for me the more you II for yourselves At same time will be protected in that percentage wise your fee will mi In constant rfiis then gentlemen he con eluded proposition After thinking tin fanner for the of selecting Hull and Hear for this proposal Mr Hull then briefly summarized I he proposition m marine nt responsibility for the idmlmstritioii of ill del il work in v lived I The pre irilim of reports the submission lo i in plelc audit by Hit firmer auditors I ll ileulutim and m r dividend the innuilJv of in r mi purposes The retention is fie cleanng of his throat Mr Hull One of our sources of pride has been our sincere interest In affairs of our clients Interest which his us to provide the wide range of services you have requested However wc arc in business be ing in business our very existence depends upon making of profit Being a reasonable I am sure you understand this As you took round wilt sec thai there are five of us Now j per of amounts to which means that the most could receive at the outset at least for the time and effort Ilia would be re quired if we were your pro would In ill furness and honesty doubt we could readily In Ihc other hind Ik so dome jic could spread his story in wider and wider circles and thereby greatly enhance the possibility of together a sufficient amount of money Once ogam being a man be rcillied this would cost money He considered many lilc methods of obtaining the necessary money to cover Ihcse costs Bearing mind that 1 The people who were to benefit from this undertaking would have to be ones who paid 2 If the charges too peo ple would refuse to pay and his idea would fail If the charges were loo low he would be unable to meet his costs and thereby suffer a be personal pirhips ibli the friends and idea in of you the position of lnuu cms den lie decided upon a metlod of irejng lie deeid to form an organization club would e those contributed their o Mr Hull sug inner llnnked them lift the next few weeks he devoted most of his lime to explain friends in acqu in j hi club learn purposes nR Mill my is pool Stiff market value if the portfolio annual 1cntcd and willing their ly mone with his he soon re third thai by It tWorl alone it as going to like a long rime to but Id this investment size wis at tins point he had another idea He decided to hire others to tell his story and prepare brochures describing ami its potential hit Mr Sir would be kind enough to indteite amount of the responsibility you wish to intrust farmer replid An ird silence follow In a moment Willi in emliirrass of of Ihe il hjt of his one lime membership fee would come all the costs imrketlng and The result ve guessed A fund was born based on principle so well understock by prudent Thanks to The Investment Funds Institute of Canada for the story of The Prudent WHY FILE A TAX RETURN Tax Credit The new Federal Sales Tax Credit is available to people with little or no income but only when a federal tax return is filed Many persons over 1 8 years and seniors who do not file income tax returns because of little or no income should strongly consider doing so this year because they too may be eligible for this credit For further details call or come in too BLOCK Georgetown Mi SL Acton Soon To Bo Open Weekdays ANNOUNCEMENT Mr Bruce Field C U Branch Manager is pleased to announce appointment of Tom Shlllington as a new associate to the Brampton Office Tom will be representing the Mutual Life of Canada and affiliated companies offering a broad rarige of financial plans and services including life and disability insurance R R S s other savings and investment plans group benefits and financial counselling TOM Mutual Queen Street East Roof Brampton Ontario Bus 3460 Res