The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

"Scugog's Community Newspaper of Choice' ' Debunking the myths of financial planning Providing financial ad- vice to Canadians for the past number of years has put me in contact with hundreds of people who are concerned about their financial futures. While the individual situations of my clients vary, I'm fre- quently surprised by the degree to which people share the same concerns. Based on the most com- mon questions I'm asked, I've put together a list of what I feel are the top three "myths" about mon- ey management. It is my hope that by addressing them in this column, I might help to dispel some of the concerns and ease the intimidation that is so often associated with the ER ii a tt mpare these returns with your GIC, 1 year 3 year S year 10.8% Industrial Income Fund: Consistently Better 10 year since inception Sept. 1974 10.3% Looking for a secure investment? A GIC fills the bill. Looking for preservation of capital and superior returns? Historically, GICs have come up short. For more than 15 years, Mackenzie's Industrial Income Fund has been the choice of return and safety conscious investors. As advisors, we believe the Industrial Income Fund portfolio -- combining government and corporate bonds and selected equities - is a timeless investment solution. For more information on this and other income- building investment opportunities from Mackenzie, please call us today at the number below. Madkenzie Building Financial Independence ROBERT J. GOW I'l'l Simcoe St. N. Oshawa, Ontario LIH 7M9 Phone: (905) 434-7156 1-800-267-1522 Important information about this offering is contained in the Fund's simplified prospectus. Obtain a copy from us and read it carefully before investing. Unlike GICs, mutual fund investments are not guaranteed. The indicated rates of return to December 51, 1995 are the historical annual compounded total returns, including changes in unit value and reinvestment of all distributions, and do not take into account sales, redemption or optional charges payable by an investor which would have reduced returns. Past performance is not necessarily indicative of future returns. investment industry. Myth: Only the very wealthy need the services ofa financial advisor. This is perhaps the most dangerous of the untruths because it undermines what should be a basic goal of every Canadian: to take responsibility for his or her own financial fu- ture. Strange to think that it was just a generation ago people felt planning for their retirement meant in- vesting in Canada Savings Bonds and awaiting their Canada Pension Plan at age 65. That's no longer the case. Today, govern- ments are handcuffed by enormous deficits, infla- tion nibbles away at*sav- ings and the individual is struggling under the weight of an increasingly heavy tax burden. As the average Canadian strug- gles to meet the demands of daily life, there is less and less time to manage the ever more complex le- gal, financial and tax af- fairs which are important to one's fiscal health. None of this seems like- ly to change. The good news is howev- er, that there are average Canadians who are hav- ing success in meeting their financial goals, whether they be saving for a home, planning for the education of their children or grandchildren or pre- paring for retirement. What characterizes their success 18 a commitment to setting personal finan- cial objectives and taking a disciplined approach to achieving their goals, in most cases with the aid of a professional financial advisor. For as little as $50 a month invested in a mutual fund or similar savings vehicle, one can begin a program of finan- cial growth management. Money in any amount, de- serves prudent care. Whether it's $1,000 or $100,000, by putting their money to work in produc- tive and creative ways to- day, Canadians from all walks of life are ensuring financial security and prosperity tomorrow. Myth: Financial plan- ning is complicated and re- quires a great deal of in- vestment knowledge. This is potentially the most intimidating aspect of money management for most people and a fre- quent barrier. Complicat- ed tax laws, the bewilder- ing range of investment products, the ups and downs of the stock market, can all be factors which frighten people away from taking control of their fi- nancial destiny. That's a shame because in reality, even the most in experi- enced investor can be in- augurated into the world of money management If you're not sure whats right for vou. Tnmark Balanced Funds may be the TRIMARK INCOME GROWTH FUND WHAT'S THE RIGHT BALANCE BETWEEN RISK AND RETURN? =THINK- -PLAN- -ACT- ae" ROBERT J. GOW | 1 ¥ 434-7156 or RIAD NEA 1-800-267-1522 RICHARDSON GREENSHIELDS Investment advisors to Canachan enterprise and enterprising Canadians IL Simcoe St NN. Oshawa, Ont. L1G 4S4 For more mformarion call with just a little time spent reviewing the ba- sics. A patient and thor- ough financial advisor will take this time. For those who are especially keen, your financial advisor will often be pleased to provide you with educational ma- terial and recommended reading to enhance your knowledge. What many people find is that the more they understand and are able to take control of their financial situation, the greater their level of comfort in these uncertain times and the more posi- tive their feelings about the future. Myth: Investing is risky. Any investment, other than that which is guaran- teed, (such as a savings ac- count or Guaranteed In- terest Certificate) has an element of risk. The objec- tive for the financial advis- or and his/her client is to assess the level of risk each investor is prepared to take in making the se- lections for the invest- ment portfolio. There is certainly a full range of products with varying lev- els of risk which would be suitable for very conserva- tive or very aggressive in- vestors, or anyone in be- . "tween. The other side of the equation is that many peo- ple fail to consider the risk involved in not investing their money or investing their moneyin only one ve- hicle, say GICs for exam- ple. With taxes and infla- tion taking a healthy bite from one's savings, money that's tucked away today may not be enough for to- morrow unless it is em- ployed productively. For most people, this means participation in a variety of investment products - "diversification" as its known in financial circles - 1s the best route to increas- ing growth while minimiz- ing risk. When you hold a well-rounded investment mix, you have a better chance of benefiting from capital gains, while pro- tecting yourself from loss- es. Courtesy of, Richardson Greenshields, Oshawa 170" 159" YAR YEARS SUBSCRIBE TODAY! 145" » YEARS n/a FOYE ARS TRIMARK SELECT BALANCED FUND 150° ¥2° 34 nh answer. These funds strive to achieve a ROBERT J. GOW 11 Simcoe St. N. balance of long-term capital growth from Something is happening in equity management and a steady cash flow Fort Perry and Oshawa, Ontario from the fixed-income porti [ the funds. rom the hixed-imcome portion of the funds Se aie te Phone: (905) I Scugog Township. \ Fund par formance as of December 3101995 800.267. 1522 GREENSHIELDS Discover Scugog ATRIMARK th th MUTUAL FUNDS Trimark Balanced Funds VE vctions andied yy ina Young Chartered Necomntants ane historical annual compotnded rates of wt and volo hance mune value and distribarions scovested They do not tals, nfo dccomnt sales charges or admmistration foes payable by aholdors which wound have diced venoms Past performance docs mor caarante fate resale Yow wnat vale and onesiment vom wall fluc tate Important mpormation about amy mutoal frand oc contamed mies somplifi ANA cies which shold De vcard can fully before im sting Copies of the prospects are avalable from the fiance ral advise ha] vc Recrstored nademark of Tromaek Investment Management Ine Desiened by Tromvark Tne este ne Namagome nn Ie Port Perry Star Receive your subscription now. Phone 985-7363 We Manage. To Outperform. above or from Troma live store ne Menace ment Tn