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But when school is out (and when family commitments don‘t prevail) Schmidt puts on another hat â€" that of artists‘ representaâ€" tive. When her other jobs (those of wife, mother and school teacher) don‘t demand her attention, Schmidt invests her time in her thriving business, The Emissary Collections. * As director of The Emissary Collections, Schmidt represents artists, arranging exhibitions for them. And she also does consultâ€" ing work for clients who wish to purchase original works of art. much money you will have as a result of trying to save are rate of return and minimization of tax. Your choices are affected by so many different and related matters that the only way to optimize these factors is to fully consider them in your financial plan. Tukellookntymlf.Areyouqfiigiun with $3,000 in the bank? Are you five with $40,000 in your savings account? The stage you are at in your life will, in part, determine which investments are best for you. Anyone can benefit from rfhnnmg You must characterize yourself as an investor and decide how much risk is appropriate for you. Did I say risk? How did that word get in here? RATE OF RETURN IS A FUNCTION OF RISK. What that means is that you should be xda:xhernteofretmforhkingl aher' . But some of us should not take So far we have looked at setting up your financial plan and whether or not you want her business began. "I inherited a lot of my great uncle‘s paintings (the late Roland Strasser who, during the 1920s and 30s spent years in the Far East recreating his many experiences) and arâ€" ranged a show with Brad Blain of the Kâ€"W Art Gallery in 1982." _ uncle‘s paintings at the Universiâ€" ty of Waterloo. Schmidt‘s good Colby expressed how difficult it was for her to show her paintings. _ "She just wasn‘t very good at to hire a professional planner to help. Today I want to start looking at the "I‘m not an artist, but | come from a long line of artists, and I‘m very good with organizationâ€" al things." Business drama and French immersion at Sandowne public school. _ _ bout wny,*had’ her business â€" and her for.her business. On week days, between regular business hours, Schmidt can be found surrounded by young peoâ€" ple, thoroughly involved in her "regular job" as a teacher of _ "It was n‘-nlfl-‘y' o really," Schmidt says o At!e way Chronicle Staff ivestment side of your plan. _ _ wodkm_qumm H. Carol Schmidt, in a roundâ€"aâ€" Artist daughter an art emissary to Waterloo Money management and you H. Carol Schmidt displays a painting created by her great uncle Roland Strasser. any risks even if we could afford them, and some of us can‘t afford them. That‘s why you have to know what kind of an investor you are and take into consideration your stage of life. Everybody has some cash on hand. You know that this money is not giving you any return and you keep it to a minimum. You should do the same thing with your chequing account and your savings acâ€" count too. Keep your money "rolled up" into a higher rate of return position as soon as you can. One way to do this is to establish agauthrind withdrawal of funds from mntyoudqm‘i'thim income into. This will provide you an automatic savings device of your choice and at your risk level. At the beginning Your Business professional adviser who has no commisâ€" sion bias can be a tremendous advantage in sorting out which investment will best compliment your plan. Write down how much money you have in your deposit accounts. Determine how much money you would like to reâ€"invest. stages this roll up can be done without ‘Then you can start to look atideas; shop for incurring any risk and often without the product and service you want. The no sacrificing liquidity. (You give up liquidity risk investments gd:n look at are by tying up your money for. extended ClmdnStvnzn term deposits, periods of time.) Government of Canada treasury bills, The bank you deal at may be the best Canada Bonds, and even Guarantied Inâ€" place to start shopping for your investment vestment Certificates as large as $60,000. finnhmmmbu,t{:bnhm This is just a beginning. All of these ever are selling their services and investments offer interest income which is products. They are in direct competition all taxable at your marginal tax rate. To with other financial institutions such as ltlrt.blg:&fiunudnehm‘ in income tax trust companies, brokerage firms, and payable on your investment income you as much return as possible from your deposit or investment. This competition is good for the investor. The only drawback is that the large number of choices available complicate your decision. In my opinion a tution will make from ha Deborsh Crandall photo TAX TIPS: You have until December 31, of this year to purchase an investment that will allow you to defer paying taxes on the interest for three years. Guaranteed inâ€" vestment certificates, C.S.B.‘s and certain annuities are investments that can offer this potential benefit. Interest earned on investments bought after 1989, even if not paid, MUST be reported each year!© Jonailnraud, financial conâ€" su%m‘tb the Waterloo firm of Tim E. Brose Chartered Accountant. â€" x o c io L ies up the rick soaleâ€" => â€" artist, but I come from along line [ sof artists, and I‘m very | with â€"] ~organizational things, so ‘I sugâ€" butipoescout of her Mermandy A ome in 0, where Aoe im teiatins this area, so & more artists, because, as someone who has grown up around art, she is more concerned with quality than quantity. mnfin'qtbinichuoom’lde'eor, rather décorate a room to match a painting. A good work of uutennflndmti:.m,g‘l.:ouy:i replenishes spiri in;mhwtomcaioéem "Besically the art talle mall & 4 art i â€" S coing oo hare sad »riveg 2 on a lot of letters â€" keeping my eyes open for nrimamuuwwhue “Balul&finaflsflls itself â€" the kind of work 1 do‘ is knocking on doors and writing a lot Because athg love for arkt., Schmidt hopes to conduct workâ€" shops . for: art . buyers, helping them to r select a work of art ‘Mez'fitbnmfw a lif m Aptn'ntmgult:u;’;d 3‘%*@‘*#@& people can be connected." # # o#