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Money Matters Wcdmday August When investing consult money managers Herald Special Do you buy stocks I love asking people that- ques tion Ive found that about per cent of people do not buy stocks and possibly 10 per cent do For those that do I have another question Ive asked it of several hundred people It goes If you buy stocks can you name at least five things that you should know before investing in that stock was absolutely amazed at the answers Virtually everyone openly admitted that they could not name five things they should know A few attempted and some succeeded in naming five things but they had to do a great deal of thinking to come up with those five things I had another question for those who tried to name things they should know Do you con sider those factors every time you invest Again I was shock ed Those investors virtually Credit counselling is available Consumers who wonder why theyve been rejected for a loan or chargecard can often find some answers at creditrecording agencies or bureaus Credit bureaus play an impor tant role in Ontarios economy but they must abide by the rules of the Consumer Reporting Act administered by Ontarios Con sumer Ministry Everyone who uses credit should understand how these agencies operate and what their rights are Creditreporting agencies are private institutions that keep credit records the how well consumers handle credit They provide information to creditgranting firms such as retail stores and banks Along with lists of debts and credit payments these records contain information about how promptly people pay their bills and such things as writs judgements and bankruptcies Except in cases of multiple bankruptcies some credit in formation of a negative nature cant be included in a consumer report after seven years Credit Bureaus report only fac tual credit- related information They have been in existence in Canada for more than years Since the late 1970s most repor- ACCOUNTING Complete Bookkeeping Accounting Services Management Consulting Business Persona Manual or Computerized Huhtalo Dougall Co Dorothy Huhtalo Diana Dougall 416 8771826 STEVEN FOSTER BA BARRISTER SOLICITOR 37 MAIN ST SOUTH GEORGETOWN ONT L7G 3G2 8734961 fax 8734962 8770109 0770109 877-0109- Simon 2 CHARTERED ACCOUNTANT Phone Main Street South Georgetown Ontario S3 L7G3E6 8770109 ting has been done by computer In Ontario access to credit records is strictly controlled by legislation In general firms may only ask for a persons credit report if the consumer has ap plied for credit or for informa tion to help with debt collection tenancy agreements employ ment or insurance purposes consumers reports without their consent to see if they might be eligible for credit is against the law Every time a consumers file is opened an electronic note nam ing the viewer is recorded in that file This helps protect con sumers privacy Under provin cial legislation its illegal for anyone to look at a credit report without an acceptable reason Consumers wanting details of their files can receive informa tion by telephone if they have made written reports in advance and have sufficient identification To examine their reports con sumers can personally visit a bureau where it normally takes about minutes to review a file Its possible for consumers to improve a bad credit record by working with creditors and im proving payment habits Consumers who face more debts than they can handle often say they ignored the warning signs of serious credit problems Anyone receiving regular over due notices from creditors buy ing on credit what they used to pay for in cash or refinancing old debts to gain more time to pay should consider contacting a creditcounselling service for help Assistance is offered free of charge by member agencies of the Ontario Association of Credit Counselling Services Informa tion on association services is available from the Credit Counselling Service of Metropolitan Toronto at 416 or toll free at Local credit bureaus are usual ly listed under credit bureau in the telephone directory white Buying or Selling List With Success I NRS BRAND REALTY INC Georgetown 8734300 Nells DRIVING SCHOOL NEXT COURSE DAY CRASH COURSE AUGUST til For Information About Courses or Private Lessons phone 8772671 PUBLIC INFORMATION CENTRE WATERMAIN EXTENSION TO THE COMMUNITY OF GLEN WILLIAMS TOWN OF HALTON HILLS GEORGETOWN REVIEW OF PRELIMINARY DESIGN A Public Information Centre will be held DATE TIME Thursday August 300 pm 500 pm 700 pm 900 pm PLACE Glen Town Hall Prince Street Glen Williams This Information Centre is being held to provide the public with an opportunity to review the preliminary design drawings for the proposed extension Interested persons are invited to drop in any time during the above hours to view and comment the proposed works Regional staff and Consultant will be available to answer your questions ITS YOUR MONEY Paul J Rocket all replied no way So my final question was Why do you buy certain stocks and the answer received from almost 100 per cent was because by broker recom mended it Thats investing John Templeton considered by many as one of the top money mangers in the world told me several years ago that there are over 100 criteria that can be used to assess a stock He has a basic to 30 that must be met before he will consider making an in vestment in the shares of a corn- vesting John manages a mutual fund There are many many different mutual funds but all employ people like John to manage their port folios The question that faces you and I as savers is do we at tempt to invest on our own or turn our savings over to be managed by the John Templetons of this world We believe the answer is ob vious Another question I love to ask people is have you averaged per cent per year gain over the past 15 years Not one person that I have asked has said yes But I have and so has every per son who invested in Templeton Growth Fund one of over mutual funds available in Canada years ago and left their investment there The Templeton growth fund has averaged 180 per cent return over the last years to July 31 1991 A friend of mine sat down a couple of years ago with a steel company executive and they went over all his transactions of buying and selling stocks for a year period The executive was astounded to find that total gain in playing with those thousands of dollars for all those years was less than He thought he had made a fortune He could spout off all the in- vestments that had doubled tripled and even and more while he owned them But he had conveniently forgotten the many investments that had gone down in value and that he had sold at a loss One person made a lot of money out of those trades and that was his broker He had made less than in those years Over the same 25 year period managers like John Templeton were buying and selling stocks also The difference is that the steel company executive pro bably spent or hours per week devoted to the business of his company and maybe a couple of hours a week studying his in vestments while professional money managers like John Templeton spent the same amount of time studying where best to invest shareholders sav ings For free charts showing the long term record of a couple of mutual funds contact Peter C Drive Georgetown Ont or phone Paul J Rockel is the author of the best seller Why I Invest in Mutual Funds and President of Regal Capital Planners Limited a year old financial planning company with offices from coast to coast in Canada 4 TO CHOOSE FROM Choice of Colour SOLID OAK PEDESTAL TABLE 4 Oak Side Chairs 11 5 Leaves Other Specials Include Buffets Hutches Sofa Sets Bedrooms And Much More Solid Wood Bed Table Or 3420 per month at 24 months OAC financing Down Tax and Delivery Inc Hwy 7 Unit 5357 BRAMPTON MONTUES 1M SATURDAY 104 4529820 1 Rov Hwy 7 Bypass Queen Si