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Page THE HERALD Wednesday August 1989 BEST AVAILABLE COPY Bull market of 1990s is on investor says Your Business Diane Thornton Nwi Service Hang on to your stocks folks the market is about to charge ahead or so John believes As the dean of investment funds sees it the great bull market of the 1990s has begun Mr Templeton founder of the Templeton Growth Fund and a legend in his own time has a remarkable investment record A person who invested in th fund back in would havt in his pocket today Thats an average annual growth rate of 155 per cent hard to beat While the fund did rather poorly in the year the market crash ed it bounced back in show ing a gain of per cent after deducting commission An in vestor who bought in 1987 would have lost money that year With the marker crash now a memory the fund manager now agu says that in the current bull market stock prices could triple from their post- crash lows ThatsTrVhat they did in the 19821987 bull market he points out The Dow Jones industrial average could soar to more than double where it is today he predicts Strangely enough Mr Templeton is not alone in his bullish views Ed director of economics for Securities in New York thinks the Dow could hit by 1993 Mr also has a good track record Mind you both of these- gentlemen are in the business of selling stocks STILL GOOD ADVICE But theyre staking their reputa tions and their clients money on being right Other forecasters are investment because of the markets ups and downs People nearing retirement or already retired ought not to have the bulk of their savings in common stock Interest- or dividendbearing securities are much more suitable for those who rely on a regular in come Another thing to think about is that the doomsayers may be right we may be on the brink of financial disaster The collapse of the world financial system would not be good for the stock market Indeed we are not recommen ding that you buy stock But if you do think of it as a longterm invest ment as Mr advises Be prepared to ride the market through its ups and downs holding on for the long haul FUNDAMENTAL FUNDS There are some terrific com panies out there whose stock should do well in a bull market But if you dont have a lot of money you can spread your risk better by buying stock mutual funds We are not pushing the Growth Fund but it has become the measure against which other funds are measured Its a global fund which means it can invest its money anywhere in the world offering good diversity Other global funds are for sale in Canada as well as US funds Japan funds and so on Some of the exotic closedend funds that trade like stocks on the American Stock Exchange may also be worth con sidering Given that many people believe the Canadian dollar will fall before long it would be pru dent to diversify your holdings One disadvantage of the Growth Fund is its big sales commission Another in some peoples eyes is that global funds are not eligible for registered retirement savings plans For information about fund per formance ask your stockbroker Also most banks trust companies and insurance companies sell their own mutual funds through their branches Georgetown Coop manager Eric right and director John Lyons centre present Bennett Centre resident Bill Gibbs with Right From the Slarl a print commemorating the anniversary of the Coop Coop is 75 years old The board of directors and management of the Coop presented a print to 95yearold Bill Gibbs representing the residents of the Bennett Health Care Centre of the Georgetown and District Memorial Hospital July The limitededition print depicts a co op mill scene about 1947 and com memorates the 75th anniversary of the Coop movement in Ontario Georgetown Coop Director Lyons says the coop board chose the retirement and extendedcare centre because it serves both the rural and urban Georgetown com munity Georgetown Coop started as Milton District Cooperative which changed its name to Co operative Supplies in and in merged with the United Co operatives of Ontario predecessor was the United Farmers Cooperative Company created in 1914 at a meeting of over 200 farmers eager for economic and social change UCO is today the largest farm supply and marketing cooperative in Ontario with revenues last fiscal year of million The Co op provides a complete line of farm inputs including feed seed fer tilizer agricultural chemicals petroleum and hardware across the province through its Coop sales and service centres and Coop retail outlets operated by its member cooperatives It also I IMAM NORTH END NISSAN 610 MARTIN STREET MILTON ONTARIO OFFICE MAGIC FOR ALL YOUR OFFICE STATIONERY NEEDS Gttelph St Georgetown What to do One thing not to do is borrow money to buy stocks Mr Templeton cautions We would add that you should pay off your mor tgage first as well Short term stocks can be a bad GEORGETOWN SPA FITNESS CENTRE EXCLUSIVELY YOURS 8771924 STEVEN C FOSTER BARRISTER SOLICITOR 37 MAIN ST SOUTH GEORGETOWN ONT L7G3G2 markets livestock and grain is owned by individual members and member Coops representing another members 8770109 CHARTERED ACCOUNTANT Phone 8770109 Main Street South v Georgetown Ontario i 8770109 tm TO SERVICE We have asked our carriers to complete their deliveries as early as possible each week If your Herald Is not delivered to your home please phone our circulation department CIRCULATION DEPARTMENT HOURS Tor your convenience trie Circulation Department is open Irom am to 500pm Monday to Friday WELL DELIVER TO YOUR HOME 8772201 SUMMER HOURS MondayFriday Saturday pm CLOSED P4PU9208 P4PU9205 IIX8 P4P9I07 I4KXIIXOLS LIST SPEC EA EA EA EA 1130 E EA DATAWARE POWER BARS LIST SPEC Power Bar only 2249 DW2022 PB 2999 D W2023 Noise 3749 GSS OFFICE SUPPLIES SECRETARIAL SERVICES 348 Gaelpfi St Unit Delrex Blvd Georgetown 8466947