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PORT PERRY STAR - Tuesday, January 31, 1995 - 17 Educate yourself Oh money issues It has been said that the best investment a person can make is in their education. This has never been truer than when it comes to educating yourself about money issues. That is why it is very important that everyone educate themselves to some degree in financial matters. Reading books, newspapers, and listening to television and radio will no doubt help you. The most effective way, though, in my opinion, is to attend Financial Seminars. It is a seminar that you can hear advice, recommendations and answers to questions by qualified persons. Better yet, you are able to ask direct questions and get answers to your own questions. Prior to attending a Financial Seminar it is wise to phone and confirm your reservation. The next step is to review your investment holdings prior to the seminar so that you know what types of investments you have chosen in the past. This will allow you to focus on comments that relate to your particular holdings. The most interesting part of the seminar for both the audience and the speaker I have found, is the Question Period that follows the presentation. It is here that specific questions that relate to you will be asked. Have a question ready if you like or ask for clarification or more detail at this time. Listed below are questions that should be asked and answered at a Financial ® Business WE PREPARE ALL RETURNS. ® Farm ® Rental ® GST Seminar. 1. Should we pre-pay our mortgage or purchase an RRSP? 2. Should I purchase my RRSP's in my name or my spouce's? 3. Am I better to have many RRSP's or just one? 4. What service is offered and what are the costs? 5. What are the risks involved in investing? 6. How can I reduce my Income Taxes? 7. Why is having Foreign Content in an RSP important? 8. Should I receive Interest, Dividends and/or Capital Gains? 9. Do I have to sign a contract when I agree to invest monthly? 10. How long have you been a Financial Advisor? 11. What credentials do you have? 12. Is information held in confidence? 13. Are you available outside normal business hours? 14. Do you provide other services? Attending a financial seminar will allow you to learn valuable information in a comfortable, relaxed atmosphere. The past is history, the present is here and gone, but the future is bright for those who plan ahead and act wisely. Courtesy of Stephen Gooding TPA Securities, Oshawa ® Trusts Your friends at Canada's #1 income tax preparation firm CLEVER TER ZEIT RN TY [XV TT H3R BLOCK 174 PERRY ST., PORT PERRY 985-9803 DC NTR Z IMAL TT » ES C8 59 Fool 5 CHARTERED ACCOUNTANT 175 North Street, Port Perry Tax Returm Preparation "Personal, Confidential Service" Bus: 985-8893 985-4944 985- 225 - | Don't loose on your investment by being in too much of a hurry Are you investing in order to get a tax credit or do you plan to make money on your invest- ments? Most people would an- swer "YES" to both questions, where Retirement Savings Plans (RSPs) are concerned. Sadly and often, investors put in their RSPs investments that will not make them money. Eagerness to get a tax credit often leads to making a pur- chase int a hurry and the "in- vestment" ends up being a dis- appointment and frequently a loser. When the advertisements headline profits and perfor- mance from the past, it is easy to expect/hope that the same performance will happen again. A winning track record looks great; however it can also be dangerously misleading. "Past performance is no guar- antee of future performance." This is usually written in fine print. Butitis very true. So what is an investor to do? Investors these days are con- cerned about interest rates, in- flation, the value of the Canadi- an dollar, taxes, and maybe events in such places as Mexico, Russia and Hong Kong. New in- vestors and those who already invest should ask themselves the following questions: - Do I understand the invest- ments I own (or am thinking of buying)? - Do I, or will I, sleep well at night and not be worrying about what my investments are do- ing? - Are my investments suita- ble for the current economic sit- uation in Canada? - Are my investments suited to my current and expected per- sonal and financial situations? People often ask me: "What Courtesy of, do you recommend I invest in?" Christopher K. Thomas, My response is that I will not "Investment Advisor make recommendations until at Nesbitt Burns, the above questions hav& been Bank of Montreal, satisfactorily answered. Port Perry eH WON 5 YEAR Ge our best rate -- Forder-Parks Insurance Brokers Inc. Personal attention to all of youn general insurance needs. 34 Water St., Port Perry, Ontario LIL 1J2 Subject to change 985-8471 without notice a | PROVINCIAL BOND OFFERINGS Maturity Date 2 Annual Yield ERR PRS i SS eS *All rates are based on yields to maturity, as of January 30, 1994 and are subject to change and market availability. Semi-annual interest; high quality bonds; instantly marketable Compare Bonds vs. GICs and Mutual Funds Establish a Self-Directed RRSP - Office at Bank of Montreal, Port Perry call Christopher K. Thomas, Investment Advisor (905) 985-3636 (NBIC KNOWLEDGE is POWER \~ Income tax planning and return preparation. 204 Casimir St., Port Perry, Ontario LIL 137 Telephone (905) 985-9725 Toll Free: 1-800-215-3852 Van Camp & Keller Chartered Accountants Personal tax returns electronically filed. Preparation of government returns (T4's, TS's) Financial, estate and retirement planning Individuals, corporations, small businesses, farms