FINANCIAL we _____ Wednesday, Au 22 | PENINSULA NEWS REVIEW EEE andit in your | > “tabu just variations on “the same. you are a winner of a 4 themes: promises of easy lous or valuable prize. The. ment. count nme credit card same offers now arrive elec: ®. Don't clearly identify . account number or socia the company and its street security number. a =] lly. as more seniors | flany Bitialls i in. tronically the world wide address and phone number. e Looks like a govern- ‘Wholesale Prices. Refill - Bulk Cenire 18 product lines & expanding discover is aN Handling web. Whether the offers ar- Be especially careful it you ment document and ue : rive by mail or email, dis- are directed to callatollfree gests t at you can, for ince Retirement card aity that: number for more informa- small fee, collect contest a . R ~e Asks for payment fora tion — you could end up winnings or unclaimed as- | BSOUurces “free gift.” If it’s free or a connected to a pay-per-call sets. The government does- 900 number that deliversa nl "t solicit money from citi- gift, you shouldn't have to pay. And, a payment by any sales pitch foraprizeorcon- | Zens. Today's retirees pride themselves on their inde- pendence and self suffi- - costes | Time is an inve sting factor manage their resources and . financial affairs as they have always done, prudently and. with maximum success— without making demands on busy family members. ‘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 for a little ardous to the. fiscal health of your portfolio. Obviously it is more diffi- cult to save money than it is to spend it. Although it may take months or even years to save the money, it often ‘only takes .moments. to spend your investment cap- ital: : Unfortunately, this prac- tice may start innocently The old adage “you live by the sword, you die by the sword”. has many applica tions. It aptly describes a prin- ciple of investing which can. be your ally or your foe de-- pending on how itis used. -Jam referring to the prac- tice of investing on a regular _ basis:as opposed to periodi- ~ cally depleting your capital sive District i Cod Samick | ‘NOTICE OF PUBLIC HEARING NOT ICE i is hereby given ofa PUBLIC HEARING 10 be held in the Central Saanich Council Chamber, 1903 Mt. Newton Cross Road, Saanichton; BC, at 7:00 p.m. on MONDAY, - AUGUST 9th, 1999, with regard to, the following proposed: - Bylaw to amend. LAND USE BYLAW No. 1309. asin expert help kl eee CENTRAL SAANICH LAND USE BYLAW. - Thanks to the Elder to satisfy a short term want... enough but it can’ quickly. |. AMENDMENT BYLAW NO. 1320, 1999 Support Program™, you. ~ Much has been written become a downward spiral. This is particularly true if about the many advantages — of earmarking a set amount ona regular. Ce for in : -.vestment: 205) By doing 80; youa are in ef fect paying yourself f first: . - Not only does this ensure a slow but gradual i increase: “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 hose individuals who.do _ The purpose of the proposed Bylaw is:to amend the. ‘maximam floor aréa ratio.in the. RP-1 Residential - ue Institutional: zone in Section. 38(32) from.“0.65" to: v0.80", 10 enable consideration ofan application for a ny Development F Permit for-an 18 bed: Intermediate Care” “Facility at 7013 East “Saanich Road, legally’ described Remainder Of Le A; Plan 62378, Section: i, “you use investment: income : ~ to supplement your other. ‘sources of income. — oat Reducing: your:: -capital “also. has the effect of reduc-- * Jing. your income. A. reduc- ‘advantage. ‘of dollar cost av- S tion’ in: income often neces- © “in your investment portion : eraging and the benefit of sitates using. additional cape Note: “time” virtually — “assures ~: ital. And'so it goes. ie This system forces one toes growth i in your investments. ue Obviously. ‘there. ; are “dollar cost average.” ‘The reverse of this prin- © times when. reducing your . ‘What is. meant by. this is’. ciple i is the practice of dip- ‘capital is necessary or-in- “that by regularly 3 investinga Ping. into your capital to. “fact desirable.) “set amount, you buy more. “fund what is often a short- However, it is 5 something “term cash flow shortfall. ‘that should be done only af- - of -an investment... when aha prices are. down and “less “This Pr actice can be haz” “ter careful consideration.” s. A’copy. of the above proposed ‘Bylaw. may ‘be inspected a at the 7 ms Office of the. Clerk-Administrator, Central: Saanich Municipal - “* Hall,'1903 Mount Newton Cross Road, Saanichton, BC, os “between 8: 30 a. m. cand 4:30 P: m., . Monday to. Eniday. Additionally, the’ program reduces the burden on adult children or other close: fam ily. members who may not 1 have the time or the exp |. tige to help | them organize their finances. © “Tf you'are ‘interested i in. learning more about the © Elder. Support re call CHRIS BULLEN or “GARY BLAKE at: TPC. Investment ~ pes |: Corporation (B.C) Limited (250) 655-3025 and request ~ that.a copy of this informa-. tional booklet be mailed to -| you immediately. londay, August 9, 1999" i : please phone 652- 4444. aa ‘AL persons who believe. that.their interest in bropeely. may be «affected by. the proposed Bylaw shal! be afforded an ‘ opportunity to be heard at. the Public Hearing, either i in: “person, by representative, or by written submission on all matters contained in the proposed Bylaw, at the above “mentioned time and place.: ~ Dated at Saanichton, BC, this zist ay of July, 1999 "Gary C. Nason Clerk-Administrator,- meee "Coen oS a Ralph Sommerfeld, Resi, “McDermid - |» Senior investment Advisor 28 eo UR ITT t Eo a be : : ; Tel. (250) 655-555 9764 Fifth Street, Unt 7, Sidney es oe a) us $.: ETS EA BRENTWOOD CHAPEL Roman Catholic Church fa ~ SAANICHTON. ‘Spiritualist | an : ’ x 7m i? nie) een Bay ~ 3860 ta rh aa ff : “4 n Evangeica arismatic Chure in 1973 Cultra Avenuu:: “OEOG-atd Street, laney a yy sauoy Mase, Sly fhe ‘e "Rooted i the Anglican Tradition Bye Corman nine oo BAB AM \ hurch . ee i i as, 2 MRR EASYO RE Rey. D, Mark Davison Suing (Eucharist im" i t ADVENTURES i Sunday Maes... Mas 10:90. a.m. sit Sy On Sunday SchooVNUISETY. i "i $0.00an LOEATION 68 ‘ohowme \ "chow tans REL a N F A H Hi... OUR OUR LADY OF J weer vesus With us THis SUNDAY) : mma oc gin meee occa "RV. erin fot “issn ih I iT . THEASS UMPTION HIFSmANICH PENINSULA | — _ sg Roman Catholl seh PRESBYTERIAN CHURCH ij aanich Road. 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