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22 - The Oakville Beaver, W ednesday M arch 1, 2006 Duff Roman entering Canadian Music Industry Hall of Fame Oakville's Duff Roman, a 20-year veteran of CHUM Limited, is one of two people being inducted into the Canadian Music Industry Hall of Fame tomorrow as part of Canadian Music Week. Currently vice president of industry affairs and digital radio operations, Roman got his start as an announcer at CKSW in his hometown, Swift Current, Saskatchewan. He went on to work for CHAT-TV - & Radio in Medicine Hat, CKRC and CFRW in Winnipeg and CHED in-Edmonton before he started working in Toronto. "It's hard to think of any one more deserving of this honour than Duff Roman," director of CHUMsaid executive viceFM and in 1984, was president and CEO promoted : to of CHUM Radio, Operations Manager Paul Ski. "Duff has and directed the always been a key repositioning of figure in the devel CHUM-FM- ' as opment of Canadian talent." Canada's foremost adult rock radio sta In Toronto, Duff Roman tion. Roman has worked. for 1050 Chum, CKEY and In 1988, Roman was CKFH, was a former program appointed vice president of www. stewartfinancial.ca T : F inancial Services THE IMPORTANCE OF THE INVESTMENT POLICY STATEMENT An IP S can help keep your emotions in check Duncan: They say there are two emotions th a t move the stock m arket. The first is fear. The second is greed. As the m arket heads down, investors shift from greed to denial to anxiety to outand-out fear. As the m arkets pick up, investors swing from fear to optimism to excitement to outand-out greed. Drew: And so the cycle continues D uncan: Now, this cycle has been going on for a long time. But th a t doesn't mean investors ju st have to accept it. W hile it's im portant to acknowledge th a t wealth m anagem ent can be an emotional experience, th a t doesn't mean we should simply stand by while our emotions get in the way of o u r financial plans. Drew: Because em otions can distort sound financial judgem ent; F ear can prevent you from m aking th e necessary investm ents in the stock m arket to keep your .savings ahead of inflation, for example. On the other hand, greed can lead you to take on -'more risk th a n is necessary, or to ignore certain "w arning signs" th a t can occur when the m arket starts trending down. D uncan: T h at's a very good point. In the middle of a m arket mania, for instance, when greed clouds th e decision-m aking process, investors ignore more conservative, investm ents in favour of high-risk, speculative equities. In th e middle of a m arket meltdown, they do ju st the opposite, passing by valuepriced equity opportunities in a quest to seek absolute · security. Rarely is either type of decision in the investor's best interests. Drew: And th a t's why everyone needs an in vestm ent policy statem ent, or IPS. Duncan: T hat's right. In a lot of ways, you can think of the IPS functions as a personal "mission sta te m e n t" th a t outlines your investm ent approach, and establishes th e tangible, m easurable criteria by which you make investm ent decisions. Drew: In th a t way, the IPS is an anchor in a storm. As a w ritten expression of your individual goals and your tolerance for risk, your IPS tells you w hat you should be buying and w hat you should be selling, and under w hat circumstances. Duncan: And th a t's valuable. When the m arket gets hot and excitement sta rts to build, your IPS serves as a screening tool, helping you decide which investm ents belong in the portfolio, and which don't. At tfie other end of the m arket cycle, an IPS can be an immense help when volatility strikes, giving, you a firm signal to sell when the time comes, on your own term s--not ju s t because everyone else is selling. Drew: At the same time, though, we should point out th a t the idea behind an IPS isn 't to set inflexible investm ent "rules" th a t you have jbo follow in all circum stances. R ather, it's to estab lish a sta rtin g point for considering investm ent decisions. There may well be a situation th a t hasn't been anticipated by the IPS. Or perhaps there's an investm ent opportunity th a t the IPS doesn't cover. It's tough to anticipate every possible situation when you're w riting an IPS. B ut a t th e very least, a · clearly articulated IPS can encourage you to think about why you're making th a t decision. Ultimately, th a t makes it easier to make the right decision. Duncan: No doubt about it-- financial p lanning can be an emotional experience. But th a t doesn't m ean it has to be. Investm ent decisions should be based on professional research, reasoned analysis, and a thorough knowledge of your own financial goals. Talk to your financial professional about w riting an IPS. It will be the first step in making sure your emotions don't get the better of your financial plan. Duncan and Drew Stew art are Investm ent A dvisors w ith the Oakville office o f Stew art Financial Services. A ny questions may be directed to their office by calling 905-845-0990. You can also send an e-mail message to duncan@stewartfinancial.ca This m aterial is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any o f the above, please make sure to see a financial advisor for advice based on your personal circumstances. Column Provided by 1282 B Cornwall Rd. Duncan Stewart Investment Advisor Oakville, ON 905-845-0990 Investment Advisor Assured One call and you can compare rates with over 30 different lenders Morti .age Solutions for all home buyers, refinances, credit history problems, self employed, new immigrants Let me find the best mortgage for you today! Anthony Spadafora bestm ortgage4you.ca anthony @ assuredmortgage.ca 6509-C Mississauga Rd. 4 16-895-8610 I C If M. M 1 N G £'j C U h\ M [ N. G | ......... B B ruce G u m m in g CFP, RJFP, CLU; CHFC, CIM, RHU, TEP 2004 Financial Advisor o f the Year . 1540 Cornw all Road, Suite 202 Oakville; O n tario L6J 7W 5 Tel: 905-337-9984 ·T o ll Free: 1-877-698-2931 bruce@ cum m ingandcum m ing.com Bruce Cummin CFP.m CLU, CHI CIM, RHU, TEP fl FundEX Peace of M ind... ... the most Valuable Service we Provide · Financial Planning · Investment Management · Insurance Industry Affairs at CHUM Limited, overseeing govern ment and regulatory affairs for CHUM radio and six years ago he assumed the added responsibilities of vice presi dent of digital radio opera tions. Roman has served as a past chair of the Canadian Association of Broadcasters (CAB), past president of Digital Radio Roll-Out Inc. (DRRI), past chair of the CAB Radio Technology Committee and is currently Canada' s rep resentative on the WorldDAB Steering Committee and is on the advisory board of Ryerson University. "Duff is not only an experi enced, passionate radio exec utive, but without question one of the most universally liked people in the business even by his competitors," said Jay Switzer, president and CEO of CHUM Limited. "We are a better-industry because of Duff Roman." Roman also left his mark on Canada' s music history as a record producer and label owner. In the 1960s, he released five consecutive Top 40 hits for David Clayton Thomas on Roman Records. Today, two tracks from Roman's early work with Levon and The Hawks can be heard in the recent world- release of the ultimate multi CD/DVD retrospective, The Band: A musical history. Roman is also the found ing president of the Foundation to Assist Canadian Talent on Records (FACTOR), which is dedicated to providing assistance toward the growth and devel opment of the Canadian inde pendent recording industry. His many awards include the Major Market Radio Executive of the Year Award, Broadcaster of the Year in 1996 presented by the Ontario Association of Broadcasters and in 2001, he was inducted into the CAB Broadcast Hall of Fame. `With a voice that is rec ognized by thousands and a persona that touches every one who crosses his path, Duff is an obvious choice to join the ranks of unforget table Canadian music indus try icons," said Neill Dixon, president of Canadian Music Week. For tickets to the Canadian Music Industry Awards on Thursday, March 2, which are being hosted by award-winning Comer Gas star, Brent Butt, call 905-8524747. Also being inducted to the Canadian Music Industry Hall of Fame is music pro ducer, Bob Ezrin. · Mortgages · Estate Planning T R iD E L T A rh v a ftc ia * P a rin e rs THANK YOU FOR a liilif e p l Anton Tucker CFP, FMA, FCSI * 905.330.7448 anton@tridelta.ca www.tridelta.ca OAKVILLE | NORTH YORK I MISSISSAUGA I THORNHILL 4 5 :ECTING 1 Damon Kachan, CFA, CFP, FCSI, CIM*, FMA Your Personal Portfolio Manager - Private Investment Management 239 Lakeshore Road East, Oakville (905) 815-8353 dam on.kachan@ rbc.com · ww w.rbcpim .com Improving Your Financial Life It · Great Food · Always Fresh · Always Delicious * Fast, Friendly Service Emergency Catering is just a call away! RBC Dominion sgf. Securities R B C Dominion Securities Inc.* and Royal Bank of Canada arc separate corporate entities whicl are affiliated. 'Member CIPF. "Registered trademark o f Royal Bank of Canada. Used under licence., R B C Dominion Securities - is a registered trademark of Royal Bank of Canada. Used under licence. ^Copyright 2005. All rights reserved. SANDWICH TREE 1 O akville Place M all · 905-842-4701 T im T ria n , C F A - P o rtfo lio M an a g e r L a u r a T ria n , C .A ., C F P , C I M - In v e s tm e n t A dvisor C o b b leSlO N Ein b acS "Masonry & Fireplace Design S pecialists" Tired of Your O ld Fireplace? DUNDEE If S E C U R I T I E S C O R P O R A T IO N j A. D U N D E E W E A L T H M A N A G E M E N T C O M P A N Y 2 0 0 -2 9 0 8 Sou th Sheridan Way, O akville Tel: 9 0 5 -8 2 9 -0 6 0 0 Visit us'at http://team trian.dundeew ealth.com Compare GIC Rates Our relationships with well-known issuers allow Edward Jones to offer GICs with rates that are often higher than your local bank or credit union can offer. Compare our rates with those of some local financial institutions: E Edward Jon es Scotia Bank C IB C Royal Bank TD / C D A Trust *· 1 Year | * · : 2 3 4 5 Year Year Year Year 3.95% 4.15% 4.20% 4.25% 4.31 % 2.75% 2.95% 3.00% 3.05% 3.25% 2.75% 2.95% 3.00% 3.05% 3.25% 2.75% 2.95% 3.00% 3.05% 3.25% 2.75% 2.95% 3.00% 3.05% 3.25% Before We can change the look w ith our `IN HOUSE" experts on staffi ms# STEW ART Financial Services NOTE: Above referenced rates are on GICs from CDIC and/or CUDIC insured institutions from an internet survey on 02/28/2006. · mason · gas fitters · electricians cabinet makers To discuss the role GICs may play in your financial portfolio, please call me or stop by the office. M"" rr 'rlpc ------------------------www.edwardiones.com ,, M e m ber c i p f 406 Speers Rd«^ Oakville (across from Rona Lansing) Q Q 7 O d d ft I "A lU U U The opinions expressed in this column are those o f the author and do not necessarily represent the views o f this newspaper. 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