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BSKBB m>*w ^ie^âiiiitotLaaiitjjsàÛmi-. remBBsR HSggjS 4 The Canadian Statesman, Bowmanville, Wednesday, September 2,1992 Rotary Learns How to Invest £^ bs and organizations During Times of Low Interest " ^ : by Lorraine Manfredo Earning a worthwhile return on investments seems to be getting more and more difficult in these days of low interest rates. With rates as low as one-and-a- quarter percent on a simple savings account, investors -- especially those who rely on investment income income as their principal means of support-- are becoming increasing- „ly desperate to find a profitable , place to sink their savings. One secure and profitable avenue that should be considered is stocks, according to Alan Densham, a > branch manager for RBC Dominion Securities in Oshawa. Often perceived as risky, certain stock holdings can, in fact, offer quite a secure and steady stream of income, he said. Stocks have offered remarkable total returns over the past four decades and have proven , to be the only asset to outpace inflation, inflation, he added. > "The dividend yields are now extremely extremely attractive compared to T- ' bills and GICs," which currently earn in the four percent range. ; He suggested to Bowmanville .'•Rotary Club members at last Thursday's Thursday's meeting that the key is to build a balanced portfolio. ' The most dramatic decline in interest interest rates has occurred since mid ,1990. Many stock holders have shifted their focus to the long term. . Gone are the 90-day reviews of ; stock portfolios common in the booming mid 80's. Mr. Densham instead instead recommends patience in to- day's stock market. And, if secure and steady returns are what you're looking for in stocks, consider companies that have a high return on equity, low pay-out ratio and good growth potential. potential. A low pay-out ratio may indicate less personal profit now, but it may translate into more later. An investor buying stock must ask: "Is the company in a growth industry?" industry?" and "Does management have a growth plan?" the speaker advised. ( Companies that can answer favorably favorably are a good bet. ■[ These companies are typically -utilities, pipelines, banks and financial financial services, communications, and 'consumer products, the guest speaker speaker noted. Jj Explaining the lack of heavy industrial industrial companies on his list, Mr. Densham said that the utilities and service sectors are more apt to délivrer délivrer a steadier income stream. "The return on equity has been less cyclical cyclical than in the industrial sector," he said. September is Month to Help Brothers So, for investors with maturing funds looking for the best option, the stock portfolio should be consid- ; ered. Mr. Densham is the immediate past president of the Rotary Club in Oshawa. He was educated in Durham Region Region and graduated from Durham College in 1972. Toastmasters Club Debates Increased Membership Fees The August 25 meeting of the Bow- The table topics portion- of the manville Toastmasters w£ perhaps the meeting, can be both the most exciting hottest thing happening this summer! "d the most intimidating portion of. The cool climate that we have all expo- J"° et "18' h A table topics master rienccd has done nothing to cool down presents each member with a_ word, b idea, or situation, and asks them to our speakers. After introductory comments by chairman Toastmaster McKcssock, the membership dove into the business portion of the evening. General debate was sparked as our area governor, Toastmaster Nelson, reported that Toastmasters International will be raising raising individual membership fees for the first time in perhaps ten years. As time ticked on, the debate seemed to be sid- speak for one minute on the topic. The member must have an introduction, body and conclusion to their mini speech. Through this exercise, speakers speakers become adept at speaking off the top of their head. The prepared speech portion of the meeting, allows members to work at the art of public speaking. Workbooks help the speaker organize and prepare gam skills. To this end, an evening at Toastmasters Toastmasters is comprised of three main events. The business portion of the meeting, meeting, is designed to give members experience experience in voicing their own opinion in a meeting environment. Whether you Dr. Keith Billett (left), of the Bowmanville Rotary Club, thanked intend to give your opinion at the next Dominion Securities branch manager Alan Densham for his informa- town council meeting, or at your com- tive speech last Thursday at the Flying Dutchman Hotel. Mr. Dens- P. an y' s rç cxt boar(1 meeting, this oxer- ham spoke to local Rotarians about stock portfolios. cse will prove to be priceless. ing toward the view that $100 dollars a for their speech. After the speech, the year is cheap for the kind of training speaker is evaluated by one of the and experience that Toastmasters af- membership.. This honest evaluation fords us. However, the time allotted for helps the individual to see themselves the business portion of the meeting ex- through the eyes of others. The entire pired before a formal vote could be process gives the speaker practice at taken on the issue. speaking to an audience, while at the Toastmasters is an organization san } c ^ me » a ^°. ws nniikTtv^in- which is devoted to helping individuals J cir ^ lron 8 P°^ ls a which effective oral communication hanccd * 311(1 their weak points which could be eliminated or reduced, The prepared speeches at the August August 25 meeting were both educational and entertaining. Toastmaster Lee- tooze, gave us an introduction into the world of hearaldry. She gave us a small insight into the rules involved when designing a coat of arms for your that looks nice while still adhering to the sizeable protocol. Toastmaster West encouraged individuals individuals to join Toastmasters, in his speech entitled "Practice Makes Perfect". Perfect". During his speech, he told us that through Toastmasters, he had learned that perhaps the best way to treat criticism, criticism, was with respect. He also reminds reminds members that Toastmasters is more than just a place to practice giving giving prepared speeches. By trying different different positions during the meeting, such as chairman, or timer, we might also grow. The evening was completed as Toastmaster Barnes gave a very entertaining entertaining speech, regarding travelling in Europe. As she plans her own trip "across the pond", she asked the time- tried question, "why don't travel brochures brochures ever tell us about restroom facilities?. facilities?. She continued by giving us rather humorous speculations of what her vacation might hold for her, if she were to choose a cruise, a bus tour, or to do her own thing. Why not come and join us for an evening. Visitors are not required to participate, but may if they wish. For information call Toastmaster Sher Lcetooze at 623-9147, Toastmaster Toastmaster Fred Archibald at 263-2396, Toastmaster Toastmaster George McKessock at 623- 0036, or just show up! Meetings are family. The process seems to involve a each Tuesday evening at 7:30 p.m., in subtle intertwining of art and science, the St. John's Parish Hall (south of as you attempt to design something Temperance and King). Big September is Big Brother Month ! across Canada. Big Brother agencies •attempt to recruit Big Brothers on a [continual basis. An extra effort is made during September to secure Big Brothers Brothers for the Little Brothers who are •waiting for a friend. Six thousand boys _ [in Canada need a Big Brother; 12 boys ' in The Town of Newcastle. •[[)[ Our need for Big Brothers is displayed displayed on several signs within The (Town of Newcastle. In September [-1991 the agency needed 10'Big Broth- (ers; during the winter we needed 6 Big -Brothers. Statistics such as "Among [Canada's fastest growing larger municipalities, municipalities, the Town of Newcastle (ranked fifth, with a 45.2% growth • rate," verify that the need for Big [ Brothers in The Town of Newcastle is ever increasing. In 1991-92 the agency . experienced an increase in Big Brother - applications but there were even more. Little Brother applications. The need is èver increasing and in September .1992,12 Little Brothers are waiting for (a friend. The prime role of a Big Brother is , to be a friend to a young boy. Why not [ volunteer 3-4 hours of yoiir time a • week and build a new friendship. [•There are 168 hours in a week. By giving giving up only 4 hours you can put a • smile on a boy's face. What better satisfaction satisfaction can one have. v ' Please give Big Brothers of Newcastle Newcastle a call at 623-6646 and volunteer. They need you! stitss "Ltt'i in, I need *899 plui 7 percent eelee tex, elter subtracting a 10 percent selee discount.* «James Publishing • printers Since 18B4 " 6* Kin* St. W., BowmanvUte Your Pontiac • Asüna • Buick • GMC Truck Sales Managers Present We re writing our own prices and cutting you great deals. ALL '92's MUST GO! LeMans by Pontiac. $1,000 Cash Back** + No-charge GMPPt. Pontiac Sunbird. $1,250 Cash Back. Buick Skylark GMC Sierra. $1,500 Cash Back.** PONTIAC BUICK [ I : ft sSmSIBSbIs®*® GMC Safari. $750 Cash Back.** Hurry down and take one for a today while the boss is away! 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