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Saturday February 1KB Outlook op Lifestyle Own and Loan A new concept in building your financial future NC Its absolutely amazing People in Ihe financial world con iinuc Id come up with new ideas lo help you and 1 try increase our potential wealth Problem it of us don know about these ideas because we never look for or else we don Understand or want to understand any thing financial other than saving in a bank trust company or credit union our Security Blanket and investing A mutual fund group has come up a simple and exciting plan whereby all of us who decide to save a month or more could probably end up with thousands of more dollars than just simple savings program even in that mutual fund It called an Own and Loon ne group who have initiated the the United Croup of Funds 7 differ em mutual funds and the man thought of the idea is George Gray President of United Investment ices It is simple 1 believe it is and the concept behind is simple fyouuve per month they will through a national trust company arrange to have you borrow an equal amount at bank prune rate plus 1 So even though you only invest work for you that first month and the month you another 100 will be loaned etc etc etc every month You can start and stop the program any time you wish as well as cash it in any tune you to wish True after the first month you now owe interest on that Tint 100 If the interest rate charged on the loan were 12 per year that means it would be 00 you owe so nut month your next investment would come out of your bank account plus 1 of interest totalling payment for that month The next month the interest In effect what you have saving and merest payment program just as many of us have an escalating income because we earn more and more each year to keep pace with What does all this mean in dollars and cents to you and I as those month savers plus per monlh borrowers Let at 15 average return per year desp tc the fact that United Accu mutative Fund has averaged over per year over the past 10 yean as re ported monthly in both of Canada s financial newspapers A calculator will tell you invest ingSlOO monthly at compounded over a year period would grow to 24 of your money in vested Therefore monthly would grow to 190 Pretty good for you just having invested plus some interest interest costs at the end of the first year would have been However the total interest costs over the year period assuming per month 1 2 per year would amount to However because the monies were borrowed to invest they become tax deductible In 1987 Ontario if you have taxable income of you are paying income tax federal and provincial combined at the rate of Ifwe take of I comes to 119 Deduct that from the and we find the true cost of interest If you were in the tax bracket the true would only be Add the true merest cost to the actual you invested and it totals 793 you have actually in vested at the rate of 100 monthly plus SI borrowed monthly Your net worth is 190 we now repay the loan of and what we have is over Trials over one quarter of a million dollars and all we invested was per month on monthly If we use the actual perform record of the fund over the past years average per year the results ore even more astounding After paying off the loan you would have over That f mi dollars and al I invested was starting with monthly and borrowing monthly What if you would have saved monthly for yean in a bank account atl0 YouwouldbeworthI53 130 despite the fact you invested a total of I dnuher invest in an own and loan program whereby my true cost would be under and my value either mathematical calculation of or based on the actual rate at 19 For a FREE chart on what 22 mutual funds have done over the past lOyeara ask for 10000 table and write Paul J Rockel Regal Finan cial Centra 153 Union St Waterloo Ontario N2J Paul J Rochet Is author the book Why I In Mutual Funds and President of Regal Capital Planner Ltd DO YOU HAVE A LEAP YEAR BfflTHDAY Oxbow Books Ruth Holt was once upon a time a 29th February baby If you share her celebration Drop by Oxbow Books on Monday February 29th only and pick out worth of tree books Your selection Proof of Birthdate is required 102 Main St South Downtown Georgetown 8778861 Spring will arrive early this year Its already blooming at The Village Shoppe Long skirts short skirts pants we have them all Do come and see our exciting collection Village Shoppe Quality is Still the Best Investment on Georgetown Bolton Queen St Main St Queen St 153 SAME DAY TAX RETURNS SI Georgetown 8772217 Jon Greeting Cards Stationery Novelties Toys HOURS Mon Wed Sat Fri 9 600pm 98B Main St South Georgetown 8731300 CREDIT VALLEY CONSERVATION AUTHORITY IRWINMETCALFE VALLEY RAVINES PRELIMINARY SLOPE STABILITY AND ENGINEERING DESIGN STUDY NOTICE OF COMPLETION OF STUDY REPORT AND PUBLIC MEETINGS As required under the terms and conditions the Association Authorities Ontario Class Environmental Assessment or Water Management Structures dated March Ontario Regulation the Credit Valley Conservation Authority hereby notifies all interested par lies thai the Preliminary Design Study Report lor the Irwin Metcalfe Eden and Dawson Ravine Slope Stability Project has been completed Subject to comments received as a result this notice the Credit Valley Conser in cooperation the Municipality ol the Town Hills will proceed final designconstruction of the above men tioned proect The Preliminary Design Report is available For Inspection during business hours 9 am A Monday to Friday the Credit Valley Con servatlon Authority office located At 1288 ROAD WEST Phone 1416491 1615 Interested individuals and parlies have calendar days Irom the dale that this Notice was made public within which to comment or express concerns with respect to proposal Comments or concerns must be made In writing and must be received by the Conservation Authority by 30pm March in addition two 2 public meetings have been scheduled for presentation Interested Individuals and parties These are as follows March 2 1986 to 00 Mirch 9 1988 7 00pm to 9 00 Irwin Crescent Eden Mice Diwion Crescent Residents Only Court Residents Only Both meetings will be held in the Council Chambers Town of lis Georgetown Ontario located on Trafalgar Road Georgetown Ontario Any comments or concerns the proposed Slope Stabilization Work or this Notice may be directed to Mr J S Gouriey Manager Water Resources Credit Vtftey Conservation Authority Ontario LOJ 1K0 1618 Mr R John Lackey Eng Project Engineer Triton Engineering Services Limited Townlne OraneevBe Ontario L9W1V1 1519 9410330