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news hits the headlines. The nor- mal reaction is to ignore it and BG srncicate Limited hope it doesn’t affect one’s life to | COMPUVY OF THE AVES By John Greene “Money alone sets the world in motion” The quotation was one of the maxims of Publilius Syrus — a slave who was freed of his bondage and became a writer and playwright — in the first century B.C. and it is just as appropriate at the end of the twentieth century A.D. The last few weeks have certain- ly shown the power of money with the problems of foreign exchange ‘rates in the European Common market. After a sustained assault on the value of sterling, British Prime Ministet John Major and his chan- cellor of the Exchequer Norman Lamont had to swallow | their words eign exchange trading, the Bank of England spent the best part of 7 bil- lion pounds trying to defend the value of sterling against other cur- rencies and the German Mark in particular! All this often causes the average reader, listener or viewer to feel very confused when this type of any great extent. Unfortunately, as world’s economies become more linked — even if not as for- mally so as some would wish — this type of news is likely to be increasingly with us. And the con- sequences will not be those we can ignore in our own lives. The consequences. of the upheaval in exchange rates — for the average Britisher — was to see interest rates rise 5% in one mormn- ing!! That certainly affects lines of credit, prospective loans, credit card rates and even mortgages. They are all matters that affect us on a daily basis. Money set the world in motion in Britain. What should the average Canadian be doing to deal with these types of upheavals in the Well, the increasingly complexity of world capital markets really makes it more necessary than ever that investment planning should be done in partnership with someone qualified to explain and analyze how these occurrences affect your own planning needs. Unless you are a sophisticated investor and have a sound grasp of personal taxation matters, you should be searching out someone with whom you feel comfortable working on your longer term plan- ning goals. Feeling comfortable means having confidence in the individual’ : Lpeetcesaa ability and personal int Professional nlcuapetincs is partly measurable by qualifications such as an accountancy designation, a Chartered Life Underwriter or a Registered or Chartered Financial Halton Hills This Week, Saturday, October 24, 1992 — Page 15 Money Matters: Money sets the world in motion Planner. As for the matter of integrity, this is not an easy task and it may take a few sessions and some testimonials from existing clients before you make your choice. However, it is well worth taking the time. Once you have established a satisfactory relation- ship. you will gain both a better understanding and sense of owner- ship of your own longer term finan- cial goals in the increasingly con- fusing and volatile money world in which we live. John Green is a Milton resi- dent and an Account Executive with the Investors Group in Oakville. The opinions expressed in this column are of a personal nature and any general investment advice should not be acted upon without consultation with a quali- fied adviser. If you have any questions about this article or any other financial planning mat- ter, you can reach John at 875- 0511 or 842-4630. tions. Avoid waste For you next group meeting avoid disposable cups. Wastewise has ceramic mugs to borrow or purchase. Wastewise also has many pairs of skates available free of charge for skating clubs and an interesting collection of props for drama produc- Visit us at 36 Armstrong Ave. Wednesday and Thursday 12 p.m. to 8 p.m., Friday and Saturday 9 a.m. to 5 p.m. Would your group like a tour of Wastewise or a speaker for your meeting, call us at 873-8122. ALL PRO REALTY INC. He 873-3377 874-3057 Your tametoum Keal L&tate Professional? invite you to FALL FOR TalgSE HOMES! DIANNE & DOUG PENRICE Sales Represtitatives* That's correct, you did not misread. They are asking $59,900 for this intown vacant build- ing lot, close to downtown and all amenities. Call for all the détails-pianne & Doug Penrice*. 9900 ‘So don't wait - call now to look at this tastefully decorated 3 bed- Toom home, family room with walkout to private backyard and fin- ished rec. rm., $199,000. Ask for Dianne or Doug Penrice’. 9972 NRS BRAND REALTY © ‘INC. 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