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p12 tribuwefebroary 21997 st money talks setting your longterm goals is first step in establishing net worth with the hustle and bustle of daily life most of us have little time to con sider longterm goals such as how we can save the money for the down u probably opened your first bank account with only 5 bucks your first investment doesnt need much more when it comes to investing people think you need a big chunk of money to get started nothing could be farther from the truth at ross dixon financial services we have investment plans that start as low as 25 per month and we have the expertise to make the most of every single doliar thats our first piece of advice and as always its free financial services the best choice is here independent thinking from your independent broker we offer a wide variety of products services from banks trust companies insurance industry mutual fund industry rrsps investment planning gics mutual funds seg funds income we do not charge fees for our services we can help you brianj evans financial services brian j evans 38 toronto st n unit 2 uxbridge 905 8523184 18002680417 associated with triple a financial services open monday friday 900 500 saturdays during february 900500 evening appointments available attention serious investors michael comeau vice president and senior investment advisor of td evergreen investment services is available for consultation at the stouffville td bank branch td evergreen is a full service investment dealer and offers broad range of investment products and services including domestic and foreign bonds canadian and us equities over 400 mutual funds rrsps rrifs and resps free portfolio analysis investment advice and development of personalized investment strategies to book your appointment with michael comeau at the stouffville branch please call jim hassard branch manager at 905 6404000 or dave morrison branch manager at 905 6401372 or call td evergreen at 41 6 51 2251 1 or 18003824964 td evergreen wealth management a dtititti tift d srtvrtlif iitc to evergreen investments services is a division of to securities inc which is a subskjitryiof the torontodormnton bank member gpf payment on a house or whether there will be enough left over for our childrens education thats why its important to take the time to think about your long- term goals and what youll have to do to achieve them to set financial goals your first step is to establish your net worth the difference between your assets and your liabilities your assets should include cash savings canada savings bonds the cashable por tion of lifeinsurance policies jew ellery cars boats rrsps and if applicable the equity in any proper ty or business once you have determined your assets add up your shortterm liabil ities such as charge accounts cred- investars group david burke representative 6421027 rrsps estate and retirement planning it card balances loans and taxes due this year then calculate your longterm liabilities such as mortgages and business loans always remember to factor in cash reserves equal to about four months worth of your salary to cover emer gencies includ ing loss of employment do you have enough to pay for shortterm necessities like vacations and appliances when you have calculated 1nc6metax returns 905 6401778 905 6401769 fax george w brodie certified general accountant efilsng 6138 main st w stouffville ont all of your expenses how much cash is left to invest if there isnt very much then you should seek a way to make both your fixed and liquid assets more produc tive this is when you should examine your longterm goals such as buying a home cottage or tak ing an exotic holiday other things youll want to consider are whether you want to buy a larger home in the future or perhaps move to a different neighborhood and do you want your chil dren to attend a community col lege or universi ty or send them to an out-of- town institu tion possibly the most important question you will want to ask yourself is announcing mark kostandoff financial advisor murray w chalmers vice president and branch manager of midland walwyn capital inc is pleased to announce that mark kostandoff has recently joined our branch as a financial advisor mr kostandoff brings with him 10 years experience in the financial services industry he specializes in designing retirement and personal savings investment strategies that will meet each clients current arid future investment objectives midland walwyn is canadas largest independent financial services organization serving the individual investor the company is a market leader in the field of investment advice as well as providing rrsps rrifs gics government and corporate bonds mutual funds and publicly listed stocks midland walwyn capital inc markham house 33 the bridle trail markham ontario l3r 4e7 905 3057515 1 800 6944480 email markkostandoffemidwalca midland walwyn blue chip thinking blue chip thinking is a trademark of midland walwyn capital inc mjdlarid walwyn capital ipc jsa rjnerribejtof thecanadian investor urotectibntfund what kind of lifestyle do you expect to lead when you retire and will you have the means to support it its very diffi cult to pin a pre cise dollar value to these ques tions which is why you may need to consult a financial plan ner or invest ment advisor a professional investment expert can advice you as to how much youll need to earn to support your longterm goals and will be able to suggest ways in which you might better realize them these experts will likely sug gest such invest ments as mutual funds real estate or a care fully selected common stock portfolio mutual funds might be the most attractive option because they are liquid diversified and managed pro fessionally with a finan cial planner or investment advi sor consider all investment options careful- ly examining these options is an important first step in meeting your longterm goals however once you have estab lished a plan have patience to make it work you wont become a mil- 1 i o n a i r e overnight but by reducing your expenses and debts plan ning your taxes carefully and saving and investing you can make a great deal of headway realiz ing your person al financial goals this article was submit ted by ron gerry ca of the finan cial planning group in stouffville 6428371 r m it 11 i n h f it r t h