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the tribune tuesday january 20 1998 j7 business and finance dont invest all your money in one type of investment in order to choose an rrsp that best suits your per sonal situation you should develop an investment plan there are three basic ele ments in an investment plan said deb bie ammeter vicepresident of advanced financial plan ning support at investors group these strategies are important if your goal is to achieve finan cial security establish goals you may have several reasons to invest retire ment starting a business chil drens educa tion or financ ing a major pur chase how much will you need to meet shortterm financial goals how much should you set aside for- long- term security a financial planner j can help you to clar ify your needs and priorities and can suggest strategies to save and invest money its important to periodically review and revise your plan as your circum stances change evaluate your risk tolerance how much risk are you will ing to take with your invest ments your portfo lio should reflect your personal comfort zone active families are healthy families nti u tali i itkiuomifl t5wmllhimj and investment time horizon the further away from retirement you are the more time you have to make up any lost ground due to shortterm market fluctuations so your risk tolerance may be higher if youre a younger investor choose lowrisk investments if youre likely to loose sleep over uncertainty the best way to min imize overall risk is by having a diversified port folio which spreads your money among a variety of invest ments diversify it is rarely a good idea to hold too much of any one investment no matter how mar velous it might seem a diversified portfolio spreads your money across different types of investments you can diversify by investing among the three main asset classes cash and cash equivalents such as money market funds fixedincome invest ments like gics and bond funds and equity investments including all your portfolio should reflect your personal comfort zone and investment time horizon the fur ther a way from retirement you are the more time you have to make up any lost ground due to shortterm market fluctuations equity mutual funds the three asset classes do not always move together when stock markets are strong for example bond markets may be weak or vice versa by holding investments in all areas you decrease the risk from a downturn in any one area you can diversify even further by spreading your money among international financial markets holding a portion of your portfolio in inter national investments opens up opportunities in other markets around the world diversifying your port folio among different types of mutual funds or securities helps pro tect you against the ups and downs in one asset class or financial market its a good strategy to reduce risk a financial advisor can counsel you on the mix of investments thats appropriate for you based on your risk tolerance and longterm finan cial goals these principles form the frame work of a solid investment plan if i dont gamble i invest index linked term deposits return linked to global or canadian markets deposit insured to 60000 per rrsp contract per membership in nonrrsp accounts three or five year terms terms are available your credit union has the retirement savings plans to give you the security you deserve options now include mutual funds as well as index linked term deposits call us at the stouffville credit union for details on these and other rrsp options 6245 main street stouffville 90564028 11 branch of greater toronto area gta savings and credit union limited you have the basics covered youre well on your way to achieving your longterm finan cial goalssaid ammeter this article was submitted by tim wltelan of investors group open ron gerry and the financial planning group cordially invite you and a friend to join us for coffee at our open house saturday february 7th 1998 latcham hall park drive south stouffville 100 pm 400 pm come in and meet our friendly staff and learn about the aic group of funds 200 pm guest speaker dave peters director of sales aic group of funds dave peters will update clients and friends on the aic group of funds give us his outlook for 1 998 if you can not attend our open house but would like further information on the aic group of funds or a free confidential review call us today at 9056428371 mutual fund dealer the height of excellence financial planning group the financial planning group 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 we do not charge fees for our services we can help you brian j 1 evans financial services brian j evans 38 toronto st n unit 2 uxbridge 905 8523184 18002680417 associated xoith triple a financial services bjevansinterhopnet open monday friday 900 500 saturdays during february 900 500 evening appointments available iffi do yqu find the world ofrrspstonfusing its not easy being an investor these days with so many rrsp options the world of investing can be confusing fortunately with investors group you get your own personal consultant to help sort everything out well get to know your needs and goals then help you choose rrsp investments that fit your longterm retirement objectives and offer strong growth and mutual fund families investors group merrill lynch beutel goodman sceptre rothschild select diversification well show you a world of rrsp investment opportunities you cant get anywhere else from our own investors scries of mutual funds to those managed by selected industry leaders if yi youre seeking simplicity we offer portfolio funds singlestep solutions to instant diversifica tionan important factor in ensuring consistent longterm performance investors group yowre worth more itntstonowup financial services inc to find out how we can help to take the confusion out of rrsp investing contact us today tim whelan cfp region manager phone i8008487229 or 416 2927229