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PageS THE HER OUTLOOK Saturday November 1 Experts keep a close watch on mutual funds ITS YOUR MONEY Paul J Rocket Mutual funds are professionally managed investment enterprises in which people can pool their money and share in the growth and gain of a portfolio of stocks and securities Because of the diver sifiation within the portfolio par ticipants in the fund will own a small portion of a wide variety of investments Buying shares in a mutual fund is like hiring your very own invest counsellor Each fund employs a full time manager who constantly oversees the per of each stock within the portfolio There s no need to worry what or when to buy or sell s all done by someone who trained and wellqualified to do the think ing and transactions for you You can buy or sell shares in mutual funds any business day of the year The Net Asset Value of most funds is calculated every day at the close of the markets s value is used for purchase or redemption transactions the following day All transactions changes or transfers holdings capital gains dividends and tax deferral plans are reported either monthl or quarterly Annual detailed statements simplify the prepara tion of tax returns Automatic regular deposits or withdrawals are options enjoyed by many There are over four hundred funds in Canada Some invest within Canada others concentrate on the international market Before you can make a choice however you should set your own financial goals based on your par ticular age and objectives There Todays crossword 13 Nattier In good working 15 Floodaata 16 Hoi 17 Male title Typa of cabbage 20 Radiation Batter 31 Golden 32 Propel 33 Potato State 35 Hawaiian 36 Opening Copper coin 41 Change path of AndMOft 47 Type Of SO Time 53 Pronounce 55 Highpitched Dae Iowa Playwright Eugene Fruit drink DOWN Swear 2 Cftrui fruit 3 Smudge 4 3 Roman 5 Head Lubricate attractive 8 Between Can and Max Child a hat Centime beam Singer Fltigerald 12 Organ pipe 21 Stamen part 22 Bushy clump Trim 24 welcoming abbr Steth 26 Actor 28 Road 29 Equal 30 For tear that 34 Gravel ridge 37 Garden Implement 38 Reagan on 39 Fall 44 Revolve Indian Camper a dwefUng Field Soviet Union 52 Addition Sudden contraction BEllEEE men BODED BODE ana odd DECODE BEHEAD OFF ANV PIZZA OVER FREE DEUVERV WITH MINIMUM ORDER 1MGUELPH STREET 8734499 LACES N THINGS FREE Catalogue laces N Things Gary Drive Ont MHJ2M4 MOBILE SOUND SYSTEMS WW VOW DENTURE THERAPY CLINIC AW TRENTON DT 18 CHURCH STREET GEORGETOWN ACROSS FROM LIBRARY IS AND CULTURAL CENTRE 8772359 are aggressive funds for faster although more volatile gain fix ed income funds for the risk taker and a wide choice between the extremes There are growth funds bond funds income funds equity funds real estate and pro perty funds resource funds balanced funds and specialty funds An independent mutual fund dealer can help draw up a financial plan to suit your needs then recommend various combinations to meet those needs Here are the four main reasons I have always recommended mutual funds to Canadian investors First mutual funds are designed for everyone not just for the sophisticated investor The idea of pooling your bit of savings and my bit along with thousands of others even large institutions and corporate investors then having professional money managers look after the small bits and the big chunks in the same expert manner certainlv makes sense Second virtuallj everyone agrees that a person who spends his full time looking after in vestments who surrounds himself with other mone specialists con suits w them before making decisions regarding our pool of money will probably do a better job than those of us who spend either an hour a day studying the market or no time at all Third mutual funds are always bought and sold at a calculated or fixed price It s not a I hope I can get so much or I hope I can buy it at such and such a price as it is with stocks and bonds By lav a mutual fund must value its holdings at the end of each day divide that total value by the number of outstanding shares and arrive at the fixed price that is published in the newspapers The beauty of it is we can figure out what our value is every day if we wish Just take the number of units or shares we own multiply by the price quoted in the piper and presto we know our value Fourth with mutual fundi have not only the security of ex ports looking after our dollars ill day every dav but our dollars arc diversified over a variety hold ngs By law a mutual fun I can not invest more than cent of its total dollars into any on investment nor can it own mon than 10 per cent of any dustry As a result a fund has i few as to as many as several hundred investments in its port folio Paul J is the author of the best seller Why I Invest in Mutual Funds and President of Regal Capital Planners Ltd For free Information on mutual funds ask for Why Everyone contact Peter to Fagan Drive Georgetown Ont or phone Bame Belleville Bracebndge Bradford Brockville Cobourg Collingwood Gravenhurst Huntsville Keswick Kingston Lindsay Midland Newmarket Orangeville Pembroke Peterborough Stratford GEORGETOWN The Municipal Trust Company and The Municipal Savings Loan Corporation are pleased to announce that we will soon be opening a lull service financial branch in Georgetown the corporation s 25th branch in Ontario With headquarters In Bame Ontario The Municipal has grown steadily throughout the province and prides itsell in becoming an integral active member in all the commumhes It serves And the residents of these towns have discovered that The Municipal offers a comfortable refreshing alternative to existing bank services With several decades of experience behind us we at The Municipal are looking forward to our future years in Georgetown and throughout this part of Ontano Wed like to meet you In the very near future well be opening our doors lor business Wed like to meet you and would be happy to discuss our full line of banking services Ask about our Investmentchequing accounts US dollar savings accounts investment certificates term deposits flflSft loans mortgages travellers cheques safe deposit boxes MasterCard and more Plus we offer higher rates and special packages tor those age 50 and over Grand Opening Specials Watch for our grand opening specials They II be advertised In this paper at a later date The Municipal Savings LoanCorporation and The Municipal Trust Company am a part of the Municipal Financial Corporation which has assets in excess of one billion dollars The Municipal Is a member of the Canada Deposit Insurance Corporation the municipal savings loan corporation branches across Ontario Over In assets Watch lor oar grand opening at Mala St South at James Member Canada Deposit Insurance Corporation