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, 12- PORT PERRY STAR - Tuesday, January 26, 1993 AY bad dial) 21 ib 2 Ty "Scugog's.C After visit to Police Museum : SCOTT ANDERSON / PORT PERRY STAR Cathy and Emiel Kroonenberg are happy to be back In Port Perry and would sooner forget their recent trip to Miami. While vacationing In the popular winter spot, the couple were victims Sia theft In which they lost more than $3,000. See story for de- S. "the Port Pe Local couple robbed in By Scott Anderson Port Perry Star ' Emiel and Cathy Kroonen- berg have memories of Miami they'd much sooner forget. ive days into their holidays, couple were robbed of both their car and val- uables. On January 3, just their sec- ond day in Miami, the couple were visiting the popular Police Museum in north Miami when Mr. Kroonenberg got out of their car to take a picture across the street. As soon as he had crossed the road, two men approached the car while Mrs. onenberg was still inside reading. Not looking up from her book, at first she thought it was her hus- band returning to the car, but quickly realized what was hap- pening after another man was pulling her out the passenger side. As she was being pulled out the passenger side, the first man had already thrown her purse in the back seat and was preparing to drive away. While the whole scene was rapidly unfolding, Mr. Kroonen- berg was helplessly watching the incident from across the busy street, unable to come to the aid of his wife. "It was quite a busy street, I couldn't immediately cross the street," he said. So he just stood there help- losaly watching the car and the couple's possessions being driv- en away. He arrived in time to help his wife up off the side- walk. ~ The car was driven around the block, back through the parking lot and past them again. They were able to provide a direction of travel of their ve- hicle to the police who arrivedin a matter of minutes. Although much more severe injuries could have resulted, 8. Kroonenberg says her only injury was a bruise on her arm. While filing a report with the police, the vehicle was located five miles from the scene on a residential street. Mr. Kroonenberg says their belongings had ow rifled through and money and other personal affects were taken. This included $1,600 in Canadi- an and American funds, jackets, glasses and clothes. Oddly enough credit cards and a came- ra were ignored. In total, the couple estimates they lost about $3,000. But it is not the loss that is bothering them, as it will be covered by in- surance, it is the trauma they went through. : "It was really devastating," What's A Mutual Fund? Many people presume that to be a successful investor you need ~ $50,000, a lot of investment experience, and lots of free time to monitor changes in the market. But this misconception doesn't take into account other options, such as mutual funds. Managed by professionals, mutual funds enable investors, who don't have the time or experience to effectively manage their money, to pool and diversify their investments while remaining liquid. By not concentrating all their money in one investment, investors reduce their risk and their money is available any time they may need it. In choosing a fund, an investor must decide what best suits his or investment, however, the issue turns to the size of the annual management fee. Costs for the ongoing management of the fund generally range from 1.25 to 2 per cent of assets a year. These costs are kept low managed by one manager. _ because the investments of thousands of shareholders are being . Selection, versatility and long-term benefits. These are the . hallmarks of mutual funds. By choosing from a variety of options, you can reap the rewards hundreds of thousands of Canadians have already realized by investing in mutual funds. Talk to your financial advisor tq select a fund that is right for you. 'her personal needs. Investors in Canada can choose from more than 600 mutual funds reflecting a variety of investment philosophies from the extremely conservative to the highly speculative. Their portfolios may include common stocks, preferred shares, precious metals, bonds, treasury bills, real estate or a combination of these types of investments. Each fund's portfolio is overseen by a professional manager or group of managers who decide what and when to buy and sell. The majority of Canada's mutual funds are open-ended, which means the investor is free to make deposits or withdrawals to or from the fund at any time they choose. The number of units an investor will receive when purchasing will depend on the value of the fund's assets at that time. When new investors join a mutual fund, their money is added to the pool, thereby increasing the fund's total assets. When an investor redeems his or her units, the amount of money received depends on the value of the fund's assets at that time. Each unit represents a fraction of the fund's total assets and has a net asset value, known as NAV. The underlying value of the securities in the fund determines the value of each unit. The NAV is calculated taking all the fund's assets, subtracting administrative expenses, and dividing the remaining figure by the number of units. The value of most open-end mutual funds is determined on a daily basis at the close of the stock markets. However, some are valued on . a weekly basis while others, featuring real estate investments, are valued monthly. Most mutual funds can be bought and sold on a Less popular are the closed-end funds. As their name implies, these funds have a fixed number of units. They are usually traded on an open Stock Exchange and generally sell for less than their underlying value. Mutual fund investors are charged a fee for the fund's ongoing management. As for sales commissions, some funds, referred to as "front-end load", charge it up-front - the fee can be as high as nine , per cent but is negotiable with the representative, Other funds charge no "load" at all while others charge a "back-end load", a fee charged to the investor upon redemption of the investment. This percentage is variable and usually declines over time. / The debate continues as to whether "load" funds out-perform*o- How DO YOU MANAGE To CHOOSE THE RIGHT RSP INVESTMENT? IRE EEE Je . ,, Ae LIER LASEY " ee o tase el a WE MANAGE. TO OUTPERFORM. Your unit value and investment return will fluctuate. Important informatiori about any mutual fund is contained in its simplified prospectus. Read your ., prospectus carefully before investing. You can obtain one ftom: ROBERT GOW Richardson Greenshields 111 Simcoe St. N., Oshawa 434-6161 RICHARDSOMN GREENSHIELDS Investment advisors to Canadian enterprise and enterprising Canadians Designed by Trimark Investment Management Inc. load" funds. When mutual funds are bought as a long-term 7 4 PE fC o Miami Mrs. Kroonenberg said. "It took us two days to get overit." Although first reaction was to head back to the safe confines of Port Perry, they decided to stay and carry on with their trip. This, they agreed later, was a wise move, "At first we wanted to go home, but we decided if we did that we'd never go on holidays again," Mrs. Kroonenberg said. In fact, they stayed two extra days to make up for the experi- ence. : If nothing else, the couple say they have learned a valuable lesson from the traumatic expe- rience. "Certainly what it did was make us more alert," Mr. Kroo- nenberg said. "Of course now we'll be better prepared. "You hear about it and see it, but you don't know anything aboutit untilit happens toyou." While the incident occurred more than three weeks ago, Mrs. Kroonenberg says she is still angry about what hap- ~~ pened. "I always feel I'm a very strong person, but I was so vul- nerable there. It really bothered me," she says. - Park association election Feb. 9 =i ~The Seagrave Park Associa- tion-election night is Feb. 9 at 7:30 p.m. at the new building at the park. All are welcome. The Valentine's dance is Sat- urday, Feb. 13, anyone wanting tickets please call Diane Cooke at 985-3722. = Don't forget the joint meetin of Mariposa Ladies Group oo Robinglade Ladies Group on Thursday, Feb. 28 at 8 p.m. sharp. We are asking all the Ro- bingjade ladies to bring a few Yeggies and dip, or any other healthy snack you can think of to enjoy with the Mariposa la- dies. nN Happy birthday wishes this week to Clarence Cameron, Ke- vin Huestis and Brandon Puck- rin. i Continued get well wishes are sent this week to Mr. Fred Puckrin. Fred is home recover- ing from Hip surgery. I'm sure he'll do just wonderful; but it is a slow and frustrating process!!! All the best. Seagrave Church News Reverend David Shepherd chose for his sgrmon "Christian Unity." The Sunday School's theme was facing our peers. The choir sang "Part of the Family," Laprince Nios gave a re om pres which was held at n Street United Church in Lindsay last Saturday. : The Sunday School is holding a skating party on Sunday, Feb. 7 after church at Grant and Kate McDonald's home in Ro- binglade. - The vow. will meet on Wednesday, Feb. 3 at 1:30 p.m. at the home of Mrs. Mildred Sunday, Feb. 7 there will be a Covenanting Service for all members of the committees of " Puckrin. / the church, a ------ -------- RI