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Wednesday November 13 1991 Money Matters Page How are you going to invest a maturing GIC Who can forecast interest rates Not me Not even the socalled experts They may hit it right once in a while but over the long term most are no more accurate than throwing a dart at a dart board while blindfolded Many Canadians when asked about investing think only about renting out their money to a deposit taking institution such as a bank or trust company If the term is years or less the tion gives you a piece of paper called a Guaranteed Investment Certificate and if they are members of the Canada Deposit Insurance Corporation your money is guaranteed to be repaid This institution then lends your money to someone whom you dont know at 2 per cent to 5 per cent more than they are pay ing you These experts may be wrong but how do you decide to take if you invest In a Should you take the one year rate about 75 per cent or should you Speakers Bureau In response to the demand for speakers on topics of interest to small business the Federal Business Development Bank has set up a Speakers Bureau to help organizations locate the right speaker for their luncheondinner programs con ferences and other special events These organizations in clude trade and business associa tions rotary clubs and boards of trade Bank speakers are on the front line they deal with people in small business every day As a result they are uniquely qualified to discuss Canadas en trepreneurial development keynote speakers are free of charge for speaking engagements of up to one hour and can speak on a wide variety of topics Some of the Speakers Bureau current titles are Realizing the Entrepreneurial Dream How to Start a Small Business The I990s Recognizing Opportunity When It Knocks Changing Markets the Marketing Fundamentals in the New Decade The Role of Small Business in the Economy Small Business in the Global Economy Strategic Planning for Small Businesses Helping You Harness the Course of Change Developing People Through Training Women En trepreneurs Pioneers in Business These titles encompass current issues and concerns faced by small business however the Bank is also ready to speak to groups about the services and products it offers for example Financial Services and CASE A Resource for the Resourceful The CASE Counselling Assistance to Small Enterprises Program offers the services of over 1100 successful and highly experienced business people to assist firms in improv ing their operations If you businessprofessional association or community group would like to book a speaker or would like more information on the FBDB Speakers Bureau call Carolyn Mason at lock in for years at about per cent So what to do about a which is coming due for renewal and which may be in your or even outside of your and is not tax sheltered There are really only two ways to invest your money One is to loan the other is to own I have never met a person who has become a millionaire by lending money to a financial institution but I have known many who have achieved millionaire status by ownership This may be a good time to con sider investing in mutual funds especially equity mutual funds The outlook for interest rates over the next few years ac cording to many of the experts seems to be that they will stay low These same experts predict that when interest rates are low it is a good time to invest in equities We Canadians seem to be able to think long term 1525 years OFFICE MAGIC FOR ALL YOUR OFFICE ARTS STATIONERY NEEDS I 266 GuoJpti St Georgetown ITS YOUR MONEY Paul J Rocke when we pay for our homes We get married to hopefully live happily ever after And we ex pect our children to be with us for 1525 years before they move out on their own But when it comes to in vestments if they dont make money almost immediately we tend to avoid them If you are like me you dont now anything about investing in stocks and bonds and are afraid to try As we have said in the past they go up and down When they go down we figure we have lost our money We get scared and forget to look at the long term In spite of short term downs the long term average return for equity invest ment far exceeds the returns from earning interest I know nothing about the market so I use equity mutual funds Tor my investing The funds are managed by professionals who have long track records of successful performance I feel confident that fulltime people who know what to do and when to do it are looking after my dollars better than I could do on a part- time basis But what if you can get a bet ter return for your RRSP Are you forced to stay with the that you now have that may be paying you less than others have proven to do The answer is No you are not forced to stay where you are You can transfer your RRSP to another institution the industry word for it is rollover by simply using a Government transfer form called a T2033 They can and will be provided by the new institution that you wish to take over your existing There is no tax due when you transfer Why would you want to move your to another institu tion Well if you are facing a low return on an impending renewal and you feel comfortable that another RRSP would give you a much better return wouldnt it be wise to move If you are facing lower returns on a or RRSP GIC renewal maybe a transfer rollover should be considered For a free long term com parison between an mutual fund and an investment earning 10 per cent contact Peter 10 Pagan Drive Georgetown Ont or phone Paul J Rockel is the author of the best seller Why I Invest In Mutual Funds and President of Regal Capital Planners Limited a 24yearold financial planning company with offices from coast to coast in Canada Panasonic FOR EVERYONE The Panasonic family of DOME Sound System stereo television receivers offers outstanding sound reproduction in addition to their legendary picture quality An all New Digital PictureinPicture system highlights this BIG 33 79 cm performer Dome Sound 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