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Money Matters The rule of 72 will make you money Did you know that if you could double your money 10 times in a row an initial investment of would grow to over million Do you know the rule of It is infallible and simply states Divide the rate of return into 72 and it will tell you how long it takes for money to double in value if you let it compound In other words if you earn nine per cent nine goes into eight times which means money earn nine per cent will double in eight years Or if you earn 12 per cent money will double in six years or six per cent money will double in 12 years If you average per cent per year money doubles in a little less than five years because divided by 15 equals 8 years Simple isnt it and this rule is Life insurance advice By ISABEL WEGG Here are a couple of good tions Im sometimes asked consumers Is it true that two people buying identical life insurance policies might have to pay quite different rates If so doesnt this mean that lift insurance companies are guilt of discrimination Let me make my answers a clearcut as can Yes and no Yes people are charged ferent rates based on their age sex and health But no this discrimination in the sense of be ing unfair It simply reflects the facts of life and of life insurance On average younger people have longer to live than older peo ple women outlive men and the healthy outlive the unhealthy So they pay less for the same life in surance coverage Thus there can be a very con siderable difference the rates charged a 25yearold women in good health and say a yearold man who chain smokes and is overweight What life insurance companies practice then is fair discrimination rather than un fair discrimination in pricing their products They treat people not equally but equitably If you want more information about how life and health in surance rates are calculated or about how to get the best value for your dollar spent have a frank discussion of these matters with your life insurance agent Nells DRIVING SCHOOL DAY CRASH COURSE MARCH BREAK March to 30 a m 30 By Ontario SftylM gut For Information About Courses or Private Lessons phone POSTAGE BLOWOUT HIS YEARS POSTAGE AT LAST YEARS PRICES It now costs to a letter 39 stamps 0 pack In Canada up from last sale priced year So beat Inflation Stock up on last years stamps and well throw in the makeup postage 1 stamps free 26 You pay only 391 Last Years Price DELREX SMOKE SHOP GEORGETOWN MARKET PLACE 8779284 CASK always right Lets play with it If you were 20 years old and had and it doubled every five years for the next 50 years per cent return doubles every five years until you were age it would be worth over 1 million If someone gave you at birth and it doubled every five years at 15 per cent it would be worth over 8 million at age Fantastic isnt if Where was my Guardian who didnt put to work for me when I was born What if you only earned nine per cent That at birth gift would double every eight years making it worth 7 million You would have 3 million less than the per cent rate of return This fantastic growth of money is made possible by what we call compounding Too many of us never want our earnings to grow but rather we want to spend those dollars or the earnings on those invested dollars every year If the infant who received the ITS YOUR MONEY PaulJ Rocket had put the monies in a mutual fund and averaged per cent per year most good equity mutual funds have done even bet ter over the past 10 years would have been earned from that investment each year If the parents had spent that each year on something for the child and as the child matured into an adult heshe also spent the per yea- they would have spent total by age The person who allowed the 1000 to compound until age 65 would actually have 8817787 to be exact if my calculator is working right why dont you work it That person could now go out and spend that 9750 the spend each year person spent and still have over left If you had 8 million at age and you converted that to a mutual fund withdrawal program of one per cent per month 12 per cent per year you would be receiving per month Could you live on per month Mind you if inflation averages just five per cent over the next years that baby will need per month to match what per month will buy today Theyd just squeak by with per month Scary isnt if For a FREE chart comparing he growth of equal con tributions to a mutual fund with a fixed investment earning per cent contact peter Masson MBA Regal Capital Planners Ltd Drive Georgetown Ontario or phone 16 Paul J Is the author of the best seller Why I Invest In Mutual Funds and President of Regal Capital Planners Ltd OF THE SEASON HOCKEY STICKS BAGS 30 REVERSIBLE WINTER JACKETS UPTO NHL JERSEYS IN STOCK CENTENNIAL STEWARTTOWN GDHS APPAREL RUNNING SHOES SOL SQUASH BADMINTON RACQUETS AND ACCESSORIES SPORTS CARDS AND ACCESSORIES SPORTS CARDS GRAB BOXES 71 MAIN ST SOUTH DOWNTOWN GEORGETOWN 8730500