Wednesday, September 1, 1999 efore j Given the current level of advertising, it is not surpris- ing to find that many in- vestors feel mutual funds are the only way to invest. — Obviously mutual funds may have their place in a properly structured portfo- lio. All too often, however, investors do not fully under- stand the complexities and subtleties of mutual funds. ~ By definition mutual funds share the risk by pro- viding individual investors diversification not typically available without substantial investable assets. They also _provide access: to the ser-— vices of .a_ professional money manager... * What many people don’t understand or bother to re- search is some of the less obvious aspects of the fund. - _For example, -let’s. as- - sume that you are investing ~ for income. By simply look- a given fund you may as: . sume that the income is steady and reliable. ‘However, a closer exami- nation of the sources of that ‘income may reveal that a. substantial portion of each . payment is based on capital “gains earned within the fund. Ripe es the future? Your income goes down, of course. _ ‘Another option may: be for the fund manager to con- tinue to pay the same in- come by using part of your capital. Neither. option is Very appealing. | Buried within the fine print of every mutual fund prospectus is a discussion of the management fees. Obviously there is a cost associated with administer- ing the fund, investing the money and paying out the dividends. These costs are charged against the fund be- fore ..the. payments are made. > They are. usually ex- pressed as a percentage of the assets held by the fund. — They are recurring costs. In -a mutual fund designed to . create steady income you -may actually be paying fees _ in the one to two per cent. Not terribly efficient for the - investor. Another thing to remain vigilant of is over-diversifi- cation of mutual funds. This means holding too many different funds. Once you have diversified by re- gion, objective and manage- ment style little can be gained by owning a small: amount of a large number of funds. - Mutual funds. defiantly’ have their place but there is considerably more to them than may first meet the eye. ____PENINSULA NEWS REVIEW 25 native plants Grower specialists of nursery propagated native plants of British Columbia and the Pacific Northwest. We offer a wide selection of quality trees, shrubs and perennials, including expert advice and creative ideas for water-wise and low maintenance gardens. 250.655.1374 - FAX: 250.655.1356 Kanishay Road, North Saanich OPEN WEEKENDS WEEKDAYS 8:00 AM - 4:30 PM ° (off West Saanich Road - 1 km north of Wain Road) y 6.25 6.60 6.80 6.95 6.80 : - Rates Subject To Change™ 3 yr. Syn _ What happens if the capi- tal gains fail to materialize in. McDermid “9764 Fifth Street: Unit 7,Sidney” _ ing atthe distribution from range to simply hold bonds. fo ] : Ralph Sommerfeld, F.C.S.l eo ty -. "Senior Investment Advisor. Yel (250) 655-5556. CTORIA Sits. pecaal ; # Q Today’s retirees pride. i District of Central Saanich | themselves on their inde- | Pe een te ge eae ee pete S pendence and self suffi- arias NOT CE er ara “ciency. In fact, they want to” © ue a : er Serres manage their resources and’ |. Par Tan Z MTS aS financial affairs as they have _ Centennial Park Playfield Closure |_| aways done, prudently and August 30 - September 10, 1999 - with maximum success- Please be advised ‘that beginning August 30, 1999, Centennial and Alexander: Playfields, located within . Centennial Park will be closed until September 10, 1999 without making demands on busy family members: * to allow for annual field maintenance. We regret any - inconvenience this may cause. ee RESIDENT ELECTORS: " @ age 18 or older, and ‘@ ‘a Canadian citizen, and | 2. ieee : ee ‘@ a resident of British Columbia for at least 6 months immediately before the day of registrations; and ® a resident of the City of Victoria for at least 30 days immediately before the day of registration; and © nor disqualified by any endorsement from voting In an election or otherwise disqualified by law, » IF YOU QUALIFY AS A RESIDENT ELECTOR YOU MUST REGISTER PRIOR TO VOTING, |: Residenc electors must provide at least two documents to piteve their identify and place of residence. Residenc electors unable so provide proof of their place of residence must make a solemn declaration as to. their place of residence, ' : . a : Ue ES =! . ~ ELECTOR QUALIFICATIONS oe aba - However, at some point, “many older individuals “begin to feel that making important financial deci- sions is a bit like walking a. tightrope without a net-one misstep can have serious implications. They start to, ‘|. feel the need fora little expert help. _- Thanks to the Elder Support Program™, you don't have to deal with: investment and other finan- cial issues alone, The pro- gram, detailed in a FREE booklet, is tailored to meet the financial management needs of retired people and " “those individuals who do. Call 652-4444 for more information. B. McKenzie, Manager, Parks and Facilities NON-RESIDENT PROPERTY ELECTORS; age 18 or older, and : a Canadian citizen, and: . . : . ‘a resident of British Columbia for at least 6 months ome before the day of registrations; and -. -a registered owner of real property in the City of Victoria for at least 30 days ifnmediately before the day of registrations, and : a nor entided to register as a resident elector, and ert : nee not disqualified hy any enactment from varing in an election or otherwise-disqualified by law; and i Me property, only one of those individuals may, with the ees e@ese if there is more than one registered owner of t written consent of the majority of the owners, repister a8. a non-resident property elector, IF YOU QUALIFY AS A NON-RESIDENT PROPERLY ELECTOR YOU MUST REGISTER, Non- resident property electors who do not register by September 28, 1999 will he required to obrain a“ certifi- cate to sepister” prior ta the time of voting, The certificate must he applied for during the igh September 29, 1999 to November 19, 1999 at the Corporate Services Deparunent, Victoria City Hall, Monday to Hare 17-25 and having difficulties getting work? f B : “ih. i ‘ We Can Help You Find A Job! - not have partners. Friday, 8:00 any «4:30 pm, On General Voting Day en 20/1 7) an application for a “certificate to } ve pa ee wpe gl tlk ae \ “Additionally: the progra repister” may be made to the Presiding Election Official a any voting place, When repisrering you must peo. °F | ora Tinley ent Be pe Aeaitionaity, the program vide proof of your identity and of your eligibility to register (ey. two pieces of personal identification and a. | reduces the burden on adult e children orother close fam ily members who may not “have the time or the exper: lise to help them organize ‘their finances. “Me you are interested ine Jearning more about the. Elder Support Program, call CHRIS BULLEN or | GARY BLAKE ats 0 1} LBC. Investment: ’ Corporation (B,C,) Limited (250) 655-3025 and request that a copy of this informay Hopal booklet be mailed to. splgoyieh Hyg | YOU immediately, Hes | PPLE Pn eT ‘property tide certificate or current City of Victoria property tax certificate, letter of consent frany joint OWNEMB) oy : coal y , : - LIST. OF REGISTERED ELECTORS — A | The City of Victoria is using the Provincial Voter's List for the November 20, 1999 election, Beginnings A October 5, 1999 nil the general vating for the election on November 20,1999, a copy of the list of repis- “rered electors will, upon signature be available for public. inspection, at the Corporate Services Deparanent in Victoria City Hall, diing repularottice hours, Montlay to Friday, excluding statutory holidays.° > wat : ai | * 4 : ‘ OWECTION TO REGISTRATION OF AN ELECTOR . pos iMayeee o M An abjection ra the registration of a person whose name appears an the list af tegistered electors may be” Wo made in accordance with the Municipal Aer antl 4:00 pin on October 15, 1999. An abjection must be in ering aie may only be made by a person entitled to be registered as an elector of the City of Victoria and” can only be made an the basis that the person whose names appears has died or is nar qualified to he regis-- ‘tered ag an elector {ihe City of Victoria, PO oa URE NPE BONER ce os Ae gs BM FOR FURTHER INFORMATION on these matters, the following persons may he contacted: | 2 Robert Woodland, Chief Blection officer bot - Mark Johnson, Deputy Chief Eloction Officer: at (250) SR50S7 ET Peninsula Community Servic * In partnership with HRCC Saanich - : oe yo ae 1 Manama ae EASA AR NOUN LAT RAE RONAALT LL GREAT RPP I a 1p ss REN ene apdemanonmaigan jores >