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THE HERALD OUTLOOK Saturday October 14 Page Beat the stock market by dollar cost averaging Book review Anthology is a pleasant word ITS YOUR MONEY Paul J Rocket People talk about making a kill ing in the market stock market that is Do you know of anyone who has Quite frankly I have yet to meet that person True Ive met people who can tel you about the stocks they bought that doubled and tripled in value while they held them And boy were they excited But I usually ask them a ques tion Is that the ONLY stock youve bought And the answers I get tell the REAL story Oh no Ive bought some real dogs Im the first to admit that I know nothing about buying stocks and bonds and I would be completely lost in that world of wheeling and dealing and high finance But I make a lot of money because of the stock market I use investment funds which are simply a pool of money yours mine and thousands of others which is managed fulltime day by day by experts who do know which investments are good and why And the fact they have pro duced past performance results of per cent and per cent com pounded per year over the past 10 and 20 year periods is proof of the pudding Yes there are times they decline in value In those averages are some years with a loss and some years with gains as high as per cent and per cent Those are the But there is a way to beat the market You will find it mentioned in almost any book you read on how to improve your finances Its called Dollar-Cost- Averaging Many people have heard of it but very very few understand what it means Quite simply it is investing of equal dollar amounts at regular time intervals generally monthly Did you know that if you invested monthly in an investment that had a steady market rise that doubled over ten years that you would be worth at of those ten years But if the value went up and down as the market does the result would be quite different Ex ample Share values in the first year at second year third year fourth year etc finally ending up at in year then your value would be over Thats almost 5000 more Yet the same amount was invested monthly equals 1200 year ly and the increase was the same doubled By investing regularly the purchaser was sometimes buy ing bargains at and and this is what gave the extra gain Finally if the values went down the first five years from to 1 per share and you invested monthly and then the next five years went up regularly to 5 the value when you started you would end up with a value of Thats more than a steadily rising market that doubled in ten years Dollar cost averaging always beats the market if you give it time Are you practising this prin ciple in your savings For a free illustration on DollarCostAveraging contact Peter C Drive Georgetown Ont or phone Paul J Rockel is the author of the best seller Why I Invest in Funds and President of Regal Capital Planners Ltd Weekend Work Average hours spent by men on weekend chores Job work Household repairs Cleaning Errands Grocery shopping Laundry Source HI II on Survey on Weekend Leliure Time When men do work during the weekend it tends to be related to their jobs In fact they spend an hour to an hourandahalf more on jobrelated work than they do on home repairs cleaning or errands By ALLAN GOULD In early 1988 one of Canadas major publishers decided to publish an anthology of recent writing of our finer authors The result was a highly uneven generally unsatisfying book Now some 18 months later we are presented with The Second Mac- Anthology edited by the same two writers John and Leon 352 pages paperback and it is a pleasure to report a vastly improved much more valuable collection Like a massive Sunday buffet at one of this countrys best hotels it is overflowing with meats some hot some cold some notsohot vegetables some crisp some limp and overcooked and highcaloric desserts most as always looking better than they taste And like at any good buffet the eaterreader should take small portions return often and take breaks between courses To begin with the best Any an thology that boasts of two Alice short stories is like a small museum with two or Van Goghs suddenly any journey there is given new meaning greater value Like Chekhov Munros writing achieves epiphany almost effortlessly In a seemingly meandering long tale Oranges and Apples one sudden ly trips over a line like this It was more as if hed come into a room or opened a drawer and found that his faith had dried up turned to a mound of dust in the comer Her stories are not stories at all but tiny intricate novels and nearly always haun ting Yet in a fraction of the space Carol Shields achieves a similar glory in a brief entry Good Man ners A middleaged womans life is magically captured in a little over five pages and with stunning effect Also pleasurable are small sections of two novels one by Eliza dark Heart to Heart the other by the never-before-writing-in- English Daniel Gagnon The Mar riageable in which a pubescent girl tries out both her sexuality and her English on an Alberta n pal The latter is particularly impressive The poetry in anthology is much more uneven but often very good Don Coles The Edvard Munch Poems just dont work as the Canadian poet struggles to get inside the head of the expressionist Norwegian artist But the equally gimmicky America Poems by J A Hamilton based on an equally un compromising concept those silly statistics from Harpers Magazine lead to occasionally hilarious results A borderline- obscene example is this stanza from her poem inspired by the average length of sexual inter course for humans which hap pens to be two minutes This is the two minutedrill I am the widereceiver tight and forhis short time for a hud- die What a scream Patricia Young has a remarkable piece of verse The Mad and Beautiful Mothers which con cludes It is late Augustand our mothers are in the kitchenpickl ing beets and fiends they are picklingsilver- skmned onionsand anything elsethat gets in their way The poems Al and Paulette are not as successful but often quite daring in both style and substance The above works- are by and large assessible and potentially of great enjoyment to the average lay reader Yet this MacMillan Anthology has an importance that rfloves into the realm of the serious student of Canadian literature This can be seen in large chunks of the book ranging from an essay on the previous years published writing by Smaro Kamboureli to major works by two of this coun trys most important writers Louis and Purdy is an essay Reflections on Failure that I found surprising ly facile although does declare what most serious writers in this country know in their innermost guts But the life of the Canadian writer is one of a perpetual and deeprooted sense of failure It has to be And only those who do not face up to the truth of their inner life will deny this only those who are ignorant of their essential misery will pretend that they are thoroughly happy Of far greater interest is poet Al Purdys memoirs The Bad Times which cover nearly pages and several decades of his struggling youth For the lover of Canadian literature it is irresistible to read this description of the young Irving Layton He seemed to hypnotize himself with his own voice feeding on echoes of his own opinions But warm with a feeling for other peo ple And the warmth made the phoniness bearable Yet the best thing in this reasonably priced potpourri of poems short stories novels-in- progress and essays is the 100plus pages of critics on Canadian writing today as well as Statements on their craft by writers It is fascinating to read agenttumedpublisher David Col bert on how in a list of The Ten Best Canadian Books made in 1972 there was but one woman and no nonwhites Indeed And anthology far more than the first one is an in valuable addition to the library of any serious and even playful follower of the state of writing in Canada in the dying months of this decade Allan Gould is a Torontobased journalist 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