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Huge sportsplex proposed neàr Whî .tby Whitby Free Press, Wednesday, September 25, 1996, Page il RATES 0F RETURN Mutual fund performance ta much Pùblicized and talked about, but not always very well understood. Many newspapers report performance on the hasts of one, thiree, five and 10 years.1 The one-year return ts easy, but the longer terms are average annual compounded rates of return. What does that really mean? The total return over the time period leade te an average comipound return. This i. stili confusing. Let's look at an example. Here's what it nmight look like in the paper.. 1lyr. 3 yr. 5 yr. Fund ABC 15% 15% 10% Fund XYZ 10% 12% 10% If you owned both these funda and a 10 per cent GIC for exactlyfive years, ail three accounts would be worth the sanie amount of money today. In fact, people might condlude that Furid XYZ is a littie safer because it seems to, be consistent over aIl time periods. Unfortunateîy, you may not have tnvested in these funds five years ago 80 your resuits will ho different. In fact, the averages change every month. How do you decide if one fund really is. "safer" than the other? Let'. look at year by I year results., Yr.1i Yr. 2 Yr. 3 Yr. 4 Yr. 5 Fund ABC 8% -2% 18% 12% 15% t Fund XYZ 51% '.24% 6% 20% 10% Fom tht. we can see that Fund ABC i. actually much more consistent. In fact, ifyou had invested $10,000 four f years ago (when both funds lost money), Fund ABC would now be worth $14,894 and Fund XYZ would now be worth $10,634. I The major shortcomfing of using the standard s Performance numbers i. that they are averages, and, that only gîves you part of the story.. I feel 1t, i s important that investors understand both the potential reward and risk, as well as the long-term averages. Everyone would like te see a 51 per cent return in one year. Not nearly as many would be wiiling te huy that tnvestment if they realized it couid drop 24 per cent in one year and they might have te hold it for five or six years before the "average" return started te look good. Many tInga can affect the Sfomaeà n.L 'v x-. Approval i prmnciple has been gîven by Ajax council for a major sportaplex just west of Whitby. The original concept in.- cluded several hbail and slo-pitch diamonds and general purpose areas sur- rounding 4 privately fun- ded roc centre.', The proposed sportspiex wouid hC located on 100 acres at Taunton and Aud- ley roads, and is regarded as a major boost te amateur sports in the Ajax-Whithy area. lhe big issue is how te fund the sportsplex, and varions funding options were discussed by Ajax Ma WlO Fabulous food & friendly service at affordable prices.- i.- 1615 Dundas St.,East Whltby Te:(905),576-8857 Ar-- F councillors at a committe of the whole meeting Monday ~e publieiprivate part- nership commjttee' appro- ved abudget of $25,000Oto hire a consultant experien- ced in creating partner- 1hips or simular proects. Mleànwhle, Ajaxfsp an- nig department wi.9ll doter- mine zoning changes requfred for the Town- owned site. Anotiier committee, the sportsplez committee, will prepare estimates on coots ana continue te work on a more detatled proposai te be presented te Ajax coun- Take Back the. Night FAMILY RESTAURANT & BAR 103 Mary St. W. - Pearson Lanes O 430-7870 Thç fourth annual Take Back. the Night walk, organized by the Oshawa Durham la e Crias Centre %t help end vio- lence against owmen and children," wtIl be held tomorrow (Thursday), starting from Oshawa City Hall. There wilI be clowns, racepainting, and self- defence demonstrations starting at 6 p.m.0 oere- montes at 7 .. the walk starting at 7:.30 p.m., and entertamnment by many local artists at Memorial Park. . 1 -- --- ýM-,»PeJLUL UUII;e UMDeraiu. iou i need te study more than the rates of return te understand which funds are most appropriate for you, or get spme heip from a financial advisor. Derek Dudka is an ine n iacial planner with Planvest in Oshawa.I Au'tumn bhike An autumn hike will ho held through the Long Sauit Conservation Area on Sunday, Oct. 6,2:30 p.m. For more. information, cal! 579- 0411. at Long Sault Take Taunton Road to Regional Road #57, turu north and travel to Regional Road #20, turn east tô Woodley Road and thon north to the parking lot. '~UTRA CUTS 209 Duna t ~(hby Corporate Centre) 6650279 1,l- au£ HAIRCUTS $800 Aduits MONDA Y TO THUJRSDAY $600 ~wMr ERM, CUT à SET $25.00 PERMS $;2050 & up COLOUR eSET $20.00 Colororlljts ~ROLLER SET t i rw,,, ooe auaeda 10pries "GREAT GRETZKy"1 First in the series "Heiroes on Ice" $3-9.95 Taking orders for "GREAT 88: ERIC LINDROS"f Plate two in the series Mon.-Fri. 9:3Oain-8pm; Sat. 9:3Oam-6pm; Sun. IIam-4pm' _______Dealer Memùber of the Bradford Exhange [OEN 7 AS A Many musicians wilI per- formn at the bandshell, in- ciuding Craig Riley, Sherri Maeo;id, George Mallette and Graoe Dueck, Sharon and Andy Fong, Pete Smith, Joanne Marchionna, Margrent Rosswell, Sean Penhale, Greg Charuk, Tracy Mary Lynne Penhale and Brad Stella. At least 500 people, are expected te participate in the fourth annual event in Enquire about our new outdoor cremation niches memorializing a life lived. Lunch -from $4e25 Dinner from $7.95 *Meetings,» Anniversaries f*Birthdays e Catering Available -Dinner Reservâtions Recommended Open 7 days a week - LLBO 1101 Brock Street South (1 block N. of Hwy. 401) _Take out,@ 668-0778 .~--i-i J this alter -- ~. ~ .1/cemetery 'native to buriais. For more information, please contact: M U N 1 C 1 P A L C E, M E T E R Y Serving the Town of Whitby and surrounding area. (905) 655-3493 Located on the east side of Highway #12 south of Brooklin. I I I I j ~ DINNER ENTREE I ~ 1flA~ff' ~AJ:~L ~L - , - - OFF $ vv' iin me ~ Purcnase of another entree of equal or greater value. With this coupon. One coupon per table. -Not valid with other discounts or offers such as Bambino night. Offe eiu d ytre coughThrs9 9%-dey. LUNCH or BIRUNCE ENTIRE With the purchase of another entree of equal or«greater value. With'this coupon. One, coupont per table. Not valid'with other discounts or offers'. Offir exp r1~~996* Code 6FC 1 r J~J~L P a ta 475 Westney Rd. N., Ajax S686-7185 i bmmý k - %qi il Àr t 1 . Plate Franies e Doll Cases s SEMI-ANNUAL SALE 131,-,,Ite Rails e Displ.ý,,,tý, Cases Sale ends October 13/96 eil We are now *offéring 1