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p 12 weekender february 3 1996 financial planning the warren buffett way warren buffet t is the worlds greatest investor sloux became s2u million rule 1 do not lose nionev rule 2 see rule 1 call for your free pamphlet mark a hugh sam ca mba 4164951286 berkshire securities inc retire on a million dollars you dont have to win the lottery to do it investment advisor john vear 9058820023 can show you row richardson gwgnshiaps investnent advisers lo canadan enletprise and enterprising canadians pr of e ssional solutions differentiating between risk and market fluctuation imperative when investing funds a get your free 1996 financial physical peace of mind is knowing your financial health is in order call vi kki bell ack 416 4124254 for your free personalized report byrenagalanis advertising features coordinator employing a financial advisor to launch and maintain a strategy to make the most of money earned requires more than economic and market savvy my role as a financial planner is to manage money so that clients enjoy a sense of security and live a more fulfill ing life now as well as in the future says mark a hugh sam of berkshire securi ties inc his role also entails a solid knowledge of business the stock market its fluctua tions as well as tax laws says the mba graduate and former chartered accoun tant most people believe the function of a financial planner is to choose the best performing mutual fund however i dont believe thats the most important to understand and accept shortterm fluctuation versus true loss what you do with an investment is of prime importance when you buy and deciding at what point you sell although we all know its unwise to buy high and sell low studies indicate thats exactly what most people do the explanation for this very common human behavior fear when the stock market falls 30 per cent as it does once every six years and wont recover for about two years hold your investment he continues you want to outperform the market but the key is tobe able to differentiate between fluctuation and true loss furthermore hugh sams working phi losophy includes establishing relation ships with a smaller number of clients and delivering a high quality service in yy fortuh fortune a l he biggest risk in our lifetime is m ffijtneyrqu inflation and taxes with the proper investments trustee in bankruptcy mintz partners limited stop worrying let us help you 9555 yonge street 401 richmond hill ontario call pat robinson trustee for a free initial consultation tel 905 7800484 aspect adds hugh sam who follows the philosophy of legendary investor warren buffett buffett whose holding company is berkshire hathaway inc is also one of the wealthiest individuals in the united states his driving principles and philosophy of investing to which berkshire securities inc also adheres include buying only excellent businesses that we under stand that are in strong longterm growth industries and that we hold for the very very long term most people are riskaverse but there is a lot of misconception in defining what risk is hugh sam says it is imperative an honest straightforward manner the longtime unionville resident works with a number of clients in markham government cutbacks and the fact that peopte are retiring earlier and living longer the average is 81 years makes planning your financial future an imper ative the biggest risk in our lifetime is that well run out of money through our retirement years hugh sam says you can outearn inflation and taxes with the proper investments berkshire securities inc is located at 250 consumers rd suite 1103 for more information call mark a hugh sam at 4164951286 accelerate rate people seldom complain that they arent p in fact most people will say that they pay tool many dont realize how much income tax tlie for every dollar earned over 29591 you pa 29591 you pay 27 in tax once you reach t pay 449 on your next dollar earned and so oi with this in mind it is astounding that more the rrsp the rrsp is one of the last remaining for the average canadian for every dollar inve equal deduction is received which means no t if thats not enough motivation perhaps a revie facts is in order we live in a society that has always promoted a social safety net we rely on company pen sions government pensions and old age secu- rity can you be absolutely certain those pro- 1 grams will exist in the near future programs such as old age security and cpp were designed at a time when we had a growing pop- ulation it was assumed that the number of people working would continue to increase irt order to support the people that receive pen- i sion benefits and old age security in the last 20 years two things have hap pened to circumvent the success of that sys tem primarily we no longer have a population that is growing in leaps and bounds the baby boomers who represent the largest sector of our population are rapidly moving toward the retirement years currently there are about 20 people working for every one person collect government retirement pensions within tru next 20 years that number will change to four people working for every one person receiving benefits secondly people are living longer these pen- i sions were originally established on the premise that a person age 65 would likely pass away before the age of 72 today a person agej 65 is likely to live until the age of 82 thats anil extra 1 1 years of required income if you are 40 years old and earn 50000 annually and want to retire on 75 of your current income at age 65 then you need to j accumulate 12000000 of capital by the time you retire therefore you need to save about 800 a month to achieve that goal in 25 years this year choose more than an rrsp establish a retirement savings plan v1ii paul bourbonniere clu cfp chartered financial consultant 3100 steeles ave e at woodbine 905 4709334 18007174410 capital management the iaw firms close to home our specialized teams can handle all your legal needs family law real estate corporate civil disputes personal injury wills estates powers of attorney criminal law immigration minken associates tsubouchifi nichols barristers solicitors barristers solicitors thornhill richmond hill markham 9057710025 330 hwy 7 e 9052947780 71 main st markham 1996 last minute rrsp strategies and prefederal budget planning presentation featuring dr jerry white this is your opportunity to learn how to bullet proof your investments from the upcoming federal budget what tax advantaged investments must be acquired before the budget how this budget will impact seniors more than any other group of canadians how to have revenue canada fund 93 of your rrsp how to restructure your current rrsps to maximize your returns and minimize risk and much more call now to reserve your seats seating is limited the first 2 ultimate money software to be handed out at the seminar i per family approx value 3995 dr jerry white national financial communicator for global tv cfrb radio 4164124324 24 hrs monday sunday friday february 9 1996 at 730 pm ramada inn don valley 185 yorkland boulevard dvp 401 willowdale fortune financial