x= Peninsula Business TheReview Wednesday, October 21,1992 — 3 Brentwood company can spray away faults in concrete surfaces Spray deck and walkway prob- lems away with Spray-Crete, an acrylic compounds that gives new life to aging concrete. Brentwood-based Rada Resur- facing has offered this low-cost alternative to Peninsula residents and businesses since the spring of 1991. “Spray-Crete is an acrylic- polymer modified cement which can be applied in an endless array of colors and pattems while repair- ing and strengthening existing or new concrete,” says Dale McGre- gor, who operates the company in partnership with wife Rachelle. Spray-Crete can save the expense and time involved in tear- ing up and then replacing old concrete. The product can be used to patch and level an uneven concrete surface, since it can be spread evenly in thicknesses ranging from two inches to a feather edge. Available in 15 standard colors — and custom colors when required — it is mildew, oil, salt and stain resistant. It is an ideal surfacing material for pool decks, driveways, tennis courts, masonry wall surfaces and sidewalks, “Spray-Crete can be custom- designed to enhance entrance ways, driveways, walks, steps, patios, pool decks and much more,” McGregor added. It can also be applied in a textured finish to provide a non- slip surface beside a swimming AN ATTRACTIVE DECK adds to the pool (above) after the old surface (below) was coated with Spray-Crete. The product is mildew-resistant and requires little maintenance, | Short term not always best strategy for smart investors Welcome to “Money Matters,” your local investment column cov- ering investment topics of interest to readers in and around the Saa- nich Peninsula. As an investment adviser trained in general investment strategies, I will bring you alternatives and solutions to your financial con- cers. Also I will bring to you investment information that may be taking place on the Peninsula. In general, Canadians have been reluctant to change their invest- ment stance. Investors and savers as a group have remained reso- lutely committed to short term maturities, behaving as though a return to 10 per cent rates was just around the corner. No matter which way interest rates may ultimately go, I believe such a one-sided investment strat- egy is neither prudent nor in keeping with most investors’ true objectives. ~ Individuals who keep all funds rolling over in short-term paper usually profess to be “ultra con- servative.” They want to be assured that their principal is worth 100 cents on the dollar at all times. Unfor- tunately for many such investors, the price of absolute certainty about their principal is absolute uncertainty about their income beyond one year. It is dawning on more and more of us that the era of double digit Tiskless returns may be over and, your long term income needs can’t be met by. simply keeping your money in short term deposits. To prosper as an investor, in the ever changing 1990s, I recommend the following strategies: Take a balanced approach, one decision investors are gam- bling on being right. Stagger maturities among your fixed income holdings to protect both your capital and income. Think longer term, recognize that your true investment horizon is not just the next 90 days, but rather, the next 10 to 40 years. Include equities in your port- folio, focusing on common shares where the prospects are for rising dividend income over time. I would be remiss if I didn’t mention Canada Savings Bonds at this time of the year. This popular Canadian tradition (S47) will go on sale October 19. They will be sold for a two-week period until Monday, November 2. With the national referendum vote taking place October 26, right in the middle of the sale campaign, it should prove very interesting for this year’s Canada Savings Bond issue. Friday, the Bank of Canada set the interest rate for Canada Sav- ings Bonds at six per cent. The new savings bonds will have a 12-year term to maturity, but the six per cent interest rate will be guaranteed for only one year. This minimum interest rate also applies to all outstanding Canada Savings Bonds. Also as a remin- der, series 40 bonds (offered in 1985) mature this November 01, and will not pay any interest beyond that date. pool, on a sloping sidewalk or in an entrance way. The product is cooler and stron- ger than concrete and easy to maintain. It can be cleaned with a hose and household detergent. For seaside use, it is also salt resistant. Depending on the condition of the base cement, installation cost ranges from $3 to $8 a square foot. Rada Resurfacing’s services are available on the weekend, McGre- gor noted. Rada Resurfacing also offers two other products. Flextec architectural finish coats can be applied to any stucco or concrete wall. An economical, matte finish, waterproof wall coat- ing, it is composed of a flexible acrylic-quartz compound. Comparable in price to stucco, stucco finishes and liquid vinyl, Flextec is available in a wide range of colors and textures. The fin- OCTOBER 25-31, 1992 ished wall is washable, resistant to ultra-violet rays, withstands impacts and abrasions and is resistant to salt air and spray. For commercial and industrial applications, Rada Resurfacing offers Cemsys, a cement resurfac- ing product designed for industry. For information on all three products, contact Rada Resurfac- ing at 1143 Clarke Road, Bren- twood, or call 652-7834/fax 652- 5659. 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