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p16 weekender january 14 1995 financial experts predict positive economic climate for 1995 byrenagaianis advertising features coordinator experts say the financial forecast for 1995 is on the bright side with positive economic trends from last year continuing into the new year although the financial experts the econ omist sun spoke to agreed that the recession is over for the most part they also stressed financial security is a long drawnout endeavor which requires slow deliberate decisionmaking the key questions you have to ask your self during any economic climate are what is your risk tolerance how much savings do you have now and is there less money coming in than going out rec ommended harry james managing owner of ross dixon financial services on main street markham a longterm financial plan is based on economic fun damentals not kneejerk trends beware of bandwagon mentality joe hill financial planner and owner of hill financing in unionville commented that this is an opportune time to invest in ultimately economic cycles are fairly consistent and the ideal is to look at investing as a longterm proposition esber added however there are times in our eco nomic history and were experiencing one now when a recession has forced a significant downturn in the stock market its an ideal time to take advantage of the low buying price the experts agree that getting sound advice from professionals tho hafirit c fio ana planning for the future ine aeutsii is ine as ear as possibie w number one noose help put most people on the right track to a secure finan cial future the magic to financial planning is to do something consistently over time james added whether its saving as little as 50 a month it must be done regularly also get in the habit of paying yourself that amount first ahead of any other debt pay ments by 1996 the baby boom generation will be over the age of 50 the result will be a major shift in the demographic profile of a number of companies the recession has had some positive impact on the economy in that the effec tiveness of a number of companies many of which have become more streamlined and efficient have a greater profit margin potential he said although optimistic the experts agreed that the federal budget has to address the national debt before the economy is secured in an upswing the deficit is the num ber one noose around our necks james stressed we need a tomgh federal budget that arounq qur nec addresses the size of our wv v debt and a resolution to the quebec issue is imperative to attract foreign investors don esber managing owner of money concepts in unionville agreed that from an investment point of view 1995 will be a better year interest rates will be up for the first part of the year but will stabilize in the latter quarter and inflation shouldnt be a prob lem he predicted our society with fewer workers having to provide social benefits for considerably more retirees said markvilie shopping centre national trust branch manager robert speck in addition average life expectancy is steadily rising and these benefits will be required for a longer time with more and more decreases to social assistance programs it is prudent for indi viduals to takes steps to secure their finan cial future independently speck said im a firm believer in registered retire ment savings plans rrsps as long as the government doesnt decide totax them even if you are confident that your cur rent pension plan and investment assets will be adequate to afford you the income you require in your retirement it still makes sense to contribute as much as you can to your rrsp he added thats primarily because you can deduct contributions from your income thereby reducing your taxes also your investment earnings on contri butions are sheltered from tax for as long as they remain inside your rrsp there fore your money grows faster the changing job market if youre too busy to return to school to qualify for a better job this career file could be the solution youve been looking for last year more than 60000 canadians enrolled in an ics career program li i sontjponmrr stftoote jul amytmmm look for m our flyer 4 n todays i paper j jkgmttbg v w the extraordinary power of compounding nature is a wonderful teacher of the power of compounding plant and nurture a single seed of wheat and it can produce 100 seeds repeat the process and you have 10000 similarly extraordinary things also can happen to money if you understand the importance of time consider this if you were to receive your lifetime salary in one lump sum it might well be find out how canadas top mutual fund companies can assure your retirement over 1 million however take away a lifetime of rent mortgage payments groceries clothing and utility bills and your millionaire status diminishes significantly obviously the best way to understand the real value of your money is to think of your income in terms of how much it will buy each month for example if you put 100000 in a safe place and decided to take out equal amounts for 35 years you would be able to withdraw 238 each month but at the end you would have nothing left now contrast this with investing your 100000 c j lvilnxjajl dynamic mutual funds- fidelity investments canada mackenzie gt global canada inc thursday january 1995 700900 pm sheraton parkway north ne corner of leslie hwy 7 thursday january 2695 700900 pm sheraton parkway north ne corner of leslie hwy 7 thursday february 295 700900 pm sheraton parkway north ne corner of leslie hwy 7 thursday february 995 700900 pm richmond hill country club 8905 bathurst st n of hwy 7 thursday february 1695 700900 pm richmond hill country club 8905 bathurst st n of hwy 7 steve gadsden popular author secrets to financial success david mcbain vp for ci mutual group global investing for your rrsps dan goodman vp for dynamic group asset allocation strategies to safely increase returns edward k chan investment management consultant how an independent financial counsellor can be your most important ally in building your wealth kevin nash vp for fidelity international diversification for your rrsps david noel investment management consultant taking full advantage of the rrsp rules kim bolton vp for gt global investing in the worlds superhighways global telecommunications global infrastructure edward k chan investment management consultant asset allocation strategies to minimize risk candy wu assistant vp for mackenzie financial star strategic asset allocation beyond diversification david noel investment management consultant how an independent financial counsellor can help you build your personal wealth edward k chan investment management consultant th the evolution of politics economics and international trade we believe the time is right for prosperity well be able to help you to develop an investment portfolio with canadas top money managers to meet your rrsp needs advice on bankruptcy and alternatives free consultation to discuss your options with a trustee in confidence i call anytime evqwkndappls starkman kraft inc trustee in bankruptcy personal corporate services markham 8897529 3160 steeles ave e at woodbine with a six per cent rate of return you would receive 487 income a month forever and never invade your original principal now let us look at the savings side of this equation the power of compounding over time by putting a little in each month for retirement if you are 20 years old and your money can earn only a six per cent rate of return you can put in 381 3 each month from age 20 to age 65 beginning at age 65 you can take out 560 each month for the next 35 years until you reach 100 over the 45 years you would have put in a total of 20590 and you can take out 235000 from age 65 to 100 at 560 a month simply stated there are two crit ical factors in the magic of com pounding 1 the average annual rate of return 2 time remember deferring the deci sion to save is costly every year you delay saving makes the goal of financial independence much more difficult david noel investment management coraultnl fortun ml i n a n c i a ljw setting tomorrows standardstoday siuiseeiic trior fflchmprifjnujma com i admission is complimentary rsvp as seating is limited call rita at 9058817555 on a 5000 investment in the cicpa business ventures fund grow with canadas most promising young businesses in this new venture capital fund which offers tax savings plus the opportunity for capital appreciation seminar tuesday january 24th at 700pm wednesday february 1 sth at 700pm valhalla inn highway 7 404 50 east vahalla dr f fa markham ontario bw- mmmma reservation lucy scala m 905-940-4311- ci cra business ventures fund important information about ci s mutual funds is contained in ibeir simplified prospectuses obtain copies from ci fund management inc 151 yonrestreel seventh floor tbronlo ontario m5c2yi jz94 i i j 1 1