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the HERALD Page Money Matters THE HERALD Wednesday June 26 Start early to plan for future Young people see bright finan future maybe There it was on the front page of the June 19th Globe and Mail The headline read Young Cana see bright financial future A survey by Gallup for the In vestors Group was reported to in young people between the ages of and 29 expect to own their own home and have 100 in savings by the year 2001 For most of them Fa Chance The plain fact of the matter is that younger people say that they plan to save and invest but in fact most do not Some facts that are not in dispute are less than half of Canadians have a pension plan or an RRSP CPP at the max mum only makes up only of employment earnings statistics indicate that even with CPP and OAS of Ontario workers retire with an income below the poverty line And depend on some government or family assistance to survive Is there an easy way for young people to save and invest Yes there is And it is as easy and painless and time has proven it works There are two parts to it First is to pay yourself first I feel like a broken record I say it so often and second is dollar cost in an equity mutual fund Paying yourself first means that you hv a cheque in the amount that you want to save going into your investment saving planing regularly every month Why should you invest in an equity mutual fund which is sub to the up and down cycles of the stock markef I read somewhere years ago something that has stuck with me The stock market is like a yoyo in the hands of a man clim stairs Unfortunately most ITS YOUR MONEY Paul J Rockel of us only watch the yoyo and forget he s climbing the stairs It is very true the stock market has its up and downs History tells us there is an average of three years up and one year down in a four cycle The market has always averaged up despite the fact there are ups and downs in that average Just like the yo yo going up and down while the man climbs the stairs It pays to keep your eye on where the man is on the stairs not on whether the yoyo is spinning upward or downward Despite the yoyo ef feet good mutual funds have pro ven to keep climbing Dollar cost averaging which is regular monthly investment in an equity mutual fund is a sure way to beat stock market ups and downs This system is mention ed in almost any book you read on how to improve your finances Did you know that if you in vested monthly in an invest ment that doubled from a star ting price of 5 to after years would be worth 17 at the end of that 10 years If the values went up and down just as the market does the result would be quite different Suppose the share value in the first year is 5 the second year the third year etc finally ending up doubling at in year 10 Your value would be over 000 Almost more The same amount a month 200 a year and the price of the shares was the same doubled By investing regularly the purchaser was sometimes buying bargains at 3 and and this is what gave the ext a gain Every time the share price down your brought more shares so that when the price went back up your increase was on the additional shares Had the value of our shares dropped from 5 to to to 2 and then to in the first five years then risen over the next five years to what you paid originally you would end up with a value of That more than if the shares had steadily increased over the same period that you invested a month The same system works wonders for a long term RRSP too If you are one of the many who haven saved the money to make your maximum contribu tion in February this is the easy way to do it and you can wind up with a better return and more money to boot Dollar cost averaging always beats the market if you give it time Are your practising this principle in your savings For a free sheet that shows how Dollar Cost Averaging works contact Peter 10 Fagao Drive Georgetown Ont or phone Paul J Rocket Is the author of the best seller Why I Invest in Mutual Funds and President of Regal Capital planners Limited a yearold financial planning company with offices from coast in Canada Duignan faces Chamber Halton Hills Chamber of Commerce has invited Halton North MPP Noel Duignan to address its members and the general public on the budget in a question and answer at its annual meeting scheduled for Friday noon at North Halton Golf and Country Club Tickets for the luncheon are 50 and more information on the ses can be obtained by contacting the Chamber at 7119 HOWDY FOLKS Its time to git ready for S0NWAHD H0i Sundays June 30 Aug 10am For kids ages A 10 yrs at Georgetown Alliance Church Main St There will be Bible stories activities games snacks skits crafts and tun lor yaH You can register when drop on over Oh yeah special thanks from Petunia to all who milked her at the cow milking contest during Pioneer Days CONGRATULATIONS WINNERS Hope to see y an out at HO Georgetown Alliance Church Main St S Georgetown 873 Say I saw it in The Herald V Clothing Mens ladies Children ALTERATIONS REPAIRS 8771598 DENTURES FULL DENTURE SERVICES DIRECTLY TO THE PUBLIC New flelines Clean i Dental Insurance Honoured J Wheelchair Accessibility IAW TRENTON The Denture Clinic 18 Church St Georgetown 8772359 Learn to Drive and Survive Young Drivers of Canada n ng centers coast to coast Defensive driving you can live with SUMMER PR06RAM Starts Wed July 24 6 30 9 38 p m WEEKS Wednesdays Thursdays CALL GRADUATES RECOMMEND YOUNG DRIVERS OF CANADA FCP annual meeting The Family Coalition Party Halton North Constituency Association will hold its annual meeting tomorrow Thursday at The meeting will be held at the Knolcrest Centre 360 Guelph St Unit 38B in Georgetown All members and members are welcome A new executive of the Constitutency Association will be elected Nine people have already been nominated for the positions of Presl dent Executive V C O Secretary and Vice Presidents however nominations will also be accepted from the floor Mr Guiseppe Gori former candidate in Halton North and Deputy leader of the party will address the audience the HERALD CHURCH DIRECTORY 8531500 ANGLICAN St Albans Anglican Church St Albans Acton St Alban the Martyr Anglican Church 537 Main St Glen Williams 877 8323 St Paul s 3404 St George Anglican Church St Georgetown St John sAnghcar Church RR2 Stewarttown BAPTIST Acton Baptist Church Mill St Acton Maple Avenue Baptist Church 177 Maple Ave Georgetown Mountainview Baptist Church S Georgetown CHRISTIAN AND MISSIONARY ALLIANCE Georgetown Alliance Church Main St S Georgetown CHRISTIAN REFORMED Georgetown Christian Reformed Hwy 7 and Trafalgar Georgetown Beth LI Christian Reformed Church Churchill Acton JEHOVAHS WITNESSES Georgetown Hwy Watch Tower Georgetown Jehovah Witnesses 25N Acton LUTHERAN Immanuel Lutheran Windsor and Carole 1172 NONDENOMINATIONAL Churchill Community Church R 2 Acton PENTECOSTAL ASSEMBLIES OF CANADA Evangel Tabernacle Pentecostal Assembly 33 Churchill Acton Gospel Tempi West of Trafalgar Hwy 7 2759 PRESBYTERIAN Knox Presbyterian Main St S Georgetown 7585 Knox Presbyterian Church Main St N Acton 8532360 Presbyterian Church 877 ROMAN CATHOLIC Holy Cross Roman Catholic Church 224 Maple Ave Georgetown SacreCoeur Church Georgetown St Joseph Church John Street Acton SALVATION ARMY Captain and Mrs Budgell 114 Mill St UNITED St Andrew s United Church S Georgetown St John s United Church Trinity United Church Mill St Acton NONDENOMINATIONAL PENTECOSTAL ALL PEOPLES CHURCH DELIVERANCE CENTRE SW Corner F Hwy Bible Study Worship Deliverance Sunday 10 30 a m 7 Wednesday 8 We Provide Ch Idren s Church Nursery Serv Engllshtoitallan Translation Pastor George A LeRoy 7922176 CHURCH OF ST THE MARTYR Anglican Church of Canada RECTOR Tli Saudi 3010 Main St OtanWWama Mountain Mann sta J NEW APOSTOLIC CHURCH WHERE LIVMG APOSTLES ARE ACTIVE T00AT Sunday School 9 SERVICES 10 30am OOpm Wednesdays HALTON HILLS CONGREGATION 150 Man Si South Acton Rector Sloplw w