20020217_Cariboo Observer_03.pdf - the Quesnel & District ...

Al 2 QUESNa CAXIlOO OISEIVER Sunday. February 17, 2002
"Serving Quesnel & area
for 30 years'
Supporting our
Youths
INLAND KENIVORTN
PARKER PACIFIC
Highway 97 Quesnel
992-7256
iOLKO
IHOUSTRIBS LTD.
Proud Supporter of
Quesnel's Scouts
and Guides
992-1700
991-0100 290 Hoy St.
ROAD MAINTENANCE INC.
Supporting tocal
992-8809
Proudly supporting the
Quesnel community.
From the staff and Management of
The Quesnel
Tillicum Society
ENJOY OUR
Take li away or we'll deliver.
747-4536* 610 Newman Rd.
itUtsumPixKa
CP
Cariboo
PULP & PAPER
North Star Road
992-0200
Proud to be a
community sponsor
1st Red Bluff Brownies
Back Row Left to Right: GuiderMorcIa Gratiam, Amanda
Schneider, Cassandra Carmichael, ShawnaMoir, Kelsey
Graham/ Alyssa Cronnis, Maughan Thideman, Gulder
Marlene Paine Front Row: Kim Iverson, Shelby Pion, Skyllar
Koepke, Danica Freel, Vanessa Van Aert, Brittany
Wasstrom, Kristine Clayton i
1st West Fraser Brownies
Back Row Left to Right: Gulder Madeline Peterson, Jenna
Hydamacka, Sara Doherty, Gulder Lark Goulet, Guider
Gharoiette Gutfriend. Front Row: Ciera Norn, Savanna
KImmIe, ivy Anderson, Alicia Rorke. Missing:' Amy Rorke,
Ashley Rorke, Danielle MacBurnie
1st Dragon Lake Guides
Back Row Left to Right: Guider Ruth Schar, Rebecca
Raynor, Melissa Bailey. Front Row: Brittany Schar, Bree Palik,
Samantha Schar
1st Kersley Brownies
Back Row .Left to Right: Cheryl Laldlaw, Shawna
Mcllvenna Kara Bridgen. Front Row: Paris Campbell
Jasmine Harvey, -Kimberly Loldlawy Shaylyn Robertson.
Guiders: Dorothy Smith, PattI Campbell. Missing: Lindsay
Drescher (Spark), Jessica Drescher (Brownie), Guider
Cheryl Drescher .
1st West Quesnel Brownies
Back Row Left to Right: Guider Kelly Kaid, Chelsea Mcllvride,
Samantha Birch, Tasheena Williams, Chavona Mclntyre, Tdlia
Gamache, Ashley Mortensen, Kaitlyn Lemoy, Guider Katherine
Standbridge, Samantha Oppen. Middle Row: Angeli Olsen,
Emma Henderson, Emily Boesem, Ashtin Duguid, Emily Genereux,
Kyia Soger. Front Row; Alicia Emms, Anesna Kaid, Danielle Dunn,
Bailey Whyte, Katja Gamache. Missing; RochelPearson, Kassie
Schweitzer, Portia McMuldroch
4th Quesnel Guides
Bock Row Left to Right: Guider Sharon Lake, Chelsea
MacKinnon, Jessica Paulson, Kyleen Lemay, Guider Deborah
Korey. Middle Row: Brittany Kelly, Kelly Masters, Whitney
Griffiths, Cherie Noult. Front Row: Amanda Boucher, Kamille
Williams, Shari Gallagher, Haylee Doerksen. Missing: Tara Skin,
Sasha Foster
r v , 1
{
J
hi
'•cl
f
I'
t
1^
1st Bouctiie Lake Guides
Back Row Left to Right: Gulder Wendy Donald, Kailo Rexin, Shyla
Green, Cassandra Richmond, Shoyna Stonehouse, Amanda
Robbins, Charlie Helens, Guider Sarah O'Brien, Gulder Karen
Green. Middle Row: Sharon Nicholson, Lacey Harker, Megan
Short. Heather O'Brien. Front Row: Sydney LaMarsh, Samantha
Vecqueray. June Gauthier. Missing: Teela Larson, Amanda White,
Melissa McKelvie. CherylynnSvendson, Samantha Givens, Jenna
Grondzil, Kayla Rutledge
1 St Red Bluff Pattifinders
Back Row Left to Right: Blair Browning, Ashley Rye,
Tamarah Rye, Katie Polik, Gulder Geraidine Rye. Front
Row: Guider Deb Palik Lindsay Palik, Lyndsey Rhea, Alisha
Chlsholm; Amber Bailey, Morgan Fournier. Missing: Victoria
Preston
1st Quesnel Pathfinders
Back Row Left to Right; Guider Araina Golding, Kathryn
McRae, Kayla Rosner, Elizabeth Gruber, Sheila Blodgett,
Guider Fran Hillyer. Front Row: Krystin Gibson, Jessica Bell,
Jessie Hillyer. Missing: Kay Booth, Michelle Kozuchar,
Monique Martin, Gulder Shelley Martin
February 17-23
1 St West Fraser Guides
Back Row Left to Right: Gulder Madeline Peterson, Sarah
Doherty, Jenna Hydamacka, Guider Charolette Gutfriend.
Front Row: Karen Smith, Kari Wilkins, Shonna Blodgett.
Missing: Jade Kirkham, Kendall KIrkham, Sara Crocker.
1 St W^st Quesnel Pathfinders
Back Row Left to Right: Guider Kathy Breadner, Michelle
McKelvie, April Kehler, Chantel Ouellette Guider Madeline
Peterson. Front Row: Karrle Kammers, Kathy Cooper.
Missing: Cosmlna Sion
1st West Quesnel CAJURA Unit
Back Row Left to Right: Leslie Sanderson, Vickie Callhou,
Naomi Reed, Guider Lucy Drewcock. Front Row: Gulder
Kathy Breadner, Randee Desabrais, Tiffany McNaughton,
Lori Acorn. Missing: Jolene Ouellette, Joelle Harvey, Guider
ErinRossman
QUESNEL CARIBOO OBSERVER Sunday, February 17, 2002 A13
S L O G A N
G R O U P
Proud to be apart
of our community
"Proud supporter
of our
community"
j_-172 Reid street gin
iSi 992-8877
1^ litestlbserflilsltd
West Fraser Mills Ltd.
QUESNEL DIVISION
Part of Quesnel
since 1955
"It's our commumty,
let's support it."
YELLOWHEAD
DRYWALL
DlV. OF 497735 B.C. LTD.
COMMERCIAL RESIDENTIAL
Coving & Rounded Comers
are our Specialty
747-1882
Fax 747.0477 Cell 991-6706
620 Willow Street, Quesnel V2J 3T1
W e l d w o o d
OI> CAff ADA LTD.
QUESNQLnVfStON
Proud to
support our
community
CARPETS CERAMIC TILE AREA RUGS
PR0UPI7
Supporting Our
Community
IUNITEDCARPET.1
THB TOTAL FLOORINO
SOLUTIONI
162 Front street
992-8847
CARPETS CERAMIC TILE AREA RUGS

A14 QUESNEI CARIBOO OBSERVER Sunday, February 17, 2002
INSURANCE
Ufaua/iesa ^
992-6611
Our aim is to protect
your investment
333 Reid Street
Across from the Post Office
BIG BROTHERS
BIG SISTERS
OF QUESNEL
LIVE A LITTLE
BE A BIG!
992-PALS(7257)
Lubricants
BOB GRAHAM
LIIWITED
Fuel and Lubricant Distributors
1261 Smith Ave.
Bob Gratiam Agent
992-6600 Fax 992-3258
i«Err.cEIVITRAL
135 Keis Ave. Quesnel
992-9205
Fax 992-2955
Ac^acent to Rempel
Sales on Two Mile Flat
Proud to
sponsor
the community
450 Johnston Avenue
992-2155
felli
Water Well Drilling, Pump
Supplies & Service
Joei Gillin - Cel: 250-991-6747
811 Kutie St. Quesnel, BC
DRAGON LAKE
ELEIWENTARY
"Proud fo Sponsor ficout
and Guide Week"
Feb 17 - 24fh
2655 Hydraulic Rd.
747-2142
SCOUT* «»»»*
16th Yoyageur(Klwqnls) Beavers
From Back Row Left to Rigtit: Leaders Nadine Forseille, Dave Coolt;iiLs Plioiu-
992-8445
•J5i) Rt'i(i .Street Quesnel, liC
February 17-23
14th Dragon Lake (Cariboo Pulp) Gubs
From Back Row Left to Right: Rod Peterson (leader), Travis Eby, Scott
Jennings, Jake Dobrinsky, Jim Peterson, Shone Doddridge (Kim), Ric
Raynor (leader), Jacob Carmichoel, Brian Doddridge, Levi Muir, Terry
Raynor Missing; Jonathon Eddie : '
11th Lakeview (United Concrete) Cubs
From Back Row Left to Right: Bob Willson (leader), Yvonne Cowan
(leader), Trevor' BIner, Kyle Clayton, Woltony Honrohan, Aaron
Foreman, Alex Honnrohan, Brandon Rye, Joe Willson, Neil Cowan
Missing: Adam Fourier
16th Voyageur (Kiwanis) Scouts
From. Back Row Left to Right: Richard Cowood (leader), David
Peterson, Josh Fauchon, Sean Fyles-Duggan, Curtis Phillips, Lindsey
Watson, Devon Chorney, Christian Watson, Spencer Stewart Missing:
Evan Curr
For more information about Scouting call
Marj Sales, District President - 747-1613
Richard Gawood, District Commissioner - 992-5871
Anne Sutton, Service Scouter - 992-8548
KUB KAR RALLY
MAPLE PARK MALL* FEBRUARY 24 - NOON
ALL YOUTH IN NOKTH CAKIBOO
DISTRICT PARTICIPATING
SEE SCOUTING INACTION
The Parkland
Community Association is
vyorking to have a
"marketing plan
developer" to assist them
with the development of
their business plan.
The plan is to enable
them to enhance,
maintain and develop
restoration projects
scheduled for Moose
Heights Community Park
at the north end of Ten
Mile Lake.
This area is included
in the Quesnel and
District Recreation
Taxation area, also
Moose Heigh ts
Community Park on the
west side of the lake and
2002IWPPYH01IDAY2
all property around the
lake to Highway 97.
Farmland is excluded
north of Salton Road.
• The Ten Mile Lake
Fire Department is
seeking new recruits.
Volunteers go through
extensive training and
may be called out at any
time.
at onQ of these 21 merchants
1-
m
area
• The Parkland
Elementary School
students and staff
continue to work on
education in the
classroom. Extracurricular
activities
depend on the volunteers
available.
When did activities
such as skating, skiing,
Enjoy a first class
3 day cruise on
the M2 Veendanfi
from Vancouver
to Anaheim.
Includes 3 nights
in Anaheim.
Airfare &
accommodation
from Los Angeles
to Vancouver.
H O W X O E N X E T ^
1. The coupon book contains 21 entry forms, gtving you 21 chancea ^ i. FJit'out: any or ai) of the 21 entiy forms in the booklet and
to win one of our 12 finalist positions NO PURCHASE NECESSARY. '«ntsr at the corresponding {businesses.
2. One name vuiii be drawn from each participating merchant each (Each entry form l%as the business name pnnted on the
weak-Feb, 17th •'Man 24. . botlom of the entry form.)
3. From these 21 merchants, 2 finalists wilt be drawn each week The > 2. ^ch ilierchaht 021) has aiso supplied e valuable coupon,
names of the finalists will appear In the Quesnet Cariboo Observer YQU may redeem the coupon In addition to entenng the
Feb.20th.Feb.27th»|War,6th, 13tb,20thA27th, , >\ contest./, \ > ,
4. 11 you are dravm as a finalist, you will attend our annual
Happy Holidays party in April where the winner wtti be determined '
5. 1 he winner then will be In the position to make travel arrangements <
6. Ihe coupons will be inserted twice into the Quesnei Canboo Ooserver.
Sun Feb 17fhandWed Feb 27th
Billy Barker
Casino Hotel
Restaurant & Lounge
308 McLean St.
Downtown 992-5533
Name:
B&A Autobody Shop
1665 Jade SI,, Dragon Lake '
Name:
747-1605
PUB & RESTflURftNT
290 HOY ST. 991-0100
mme:
, ^ ^—
1394 V^^/ 372 Juniper!
Hwy 97 N. Dragon Lakel
992-5303 747-35511
Name: _________
aUCSMCI. • CARIBOO
OBSERVER
992-2121
188 Carson Ave.
Name:
CARIBOO FORD LTD.
266 Carson Ave.
Quesnel 992-3673
Name: __
Name:
a You aren't requii^ to pui^cjhase ArMnQot ledeem the.
coupon to enter the contest.
' KBBpifm coupon; yoa may wi9h to
Quesnel
HONDA
161 Marsh Dr.
992-8371
ISunny's
foto source-1
362 Reid St.
Downtown Quesnel
992-7677
Name:
FOOD MART
440 Anderson Drive 9 9 2-208 2
OPEN Daily 7am-10pm 1
Name: '
ChemoRF
Sales & Service Ltd,
All parts from Road to Roof
1666 Jasper Ave.
747-4451
Name: .
XO^OPj
Norm Cariboii Grower's Co-op
1218 Hwy. 97 N.
Ph: 992-7274
Name: ____
Quesnel
@> TOYOTA
201 Anderson Drive,
West Quesnel
992-3811
Name: ,
Gold City Travel
BC Reg #2691-3
337AReldSt.
992-3200
Name:..: .
QUESNEt CARIBOO OBSERVER Sunday, February 17, 2002 AIS
bowling, curling and
swimming, etc... fall on
the school system instead
of the home.'
• A suggestion for the
present city hall.
Renovate it for a
convention centre. Place
Saint Laurent could be
renamed "Shiraoi
Hoiase."
m
GATEWAy
Furnishings
268 Reid St.
Quesnel 992-66041
Name:
OI^TIRE STORES
1426 Hwy. 97 N.
992-2205
Name: ___________
260ReidSt
Quesnel, B.C 991-0521
Name:
UNlTEOCARPEi:
The Total Rooring Solutionl j
162 Front St. Quesnel
992-8847
Name:
Ellen Rogers
MOOSE HEIOHTS HEWS
R U L E S
1. You must be 19 years or oy^r ti>,wln.
2. Employees oi tfteOuesnef Cariboo
Obsenrer & xtmjr j^rpedtatd famiiiefi km' ^
not eligible for entry.
3. Employees of participating merchants f
are not eligible to enter tha draw in their
own store. They are etigifoie to enter at
other paTficiDating merchants.
4. Any entry fonn that has tieen reproduced^
photocopied wlli be disqualified.
5. Ballot box "stums" wminvalidato
, yow;4^tfy,\;A4^,»A '>\ 3. 'vf^ ''1'M
You'll like us for wore than our tires
1949 Hv/y. 97 N.
2 Mile Flat 992-6534
Name:
WILLIS Hf)RP£R
268 Reid St. 992-2135
Name: ' ___
259 McLean St.
Quesnel
Ph: 992-9293 Fax:992-8275
I Name: ' •"' • '
City
Furniture
362 Reid Street
Downtown 992-22291
Name:

AI6 QUESNEI CARIBOO OBSERVER • Sunday, February 17,2002
NEIL HORNER
Observer Reporter
Over the years, Gertrude
Fraser became
somewhat used to meeting
royalty.
The wife of former
mayor and MLA Alex
Fraser, she was on hand
to welcome many high
profile people, including
Her Royal Highness
Queen Elizabeth II and
Princess Diana and Prince
Charles.
But on that warm
July day in 1958 when
Princess fvlargaret came
to call, she admits to having
been a little nervous.
After all, it was to be her
first brush with royalty.
"We were expecting
her in the morning, but
she didn't come until the
evening, so we were on
pins and needles all day,""
she said. "I was a little
nervous and had a new
set of shoes and a purse to
match, and I kept looking
in the mirror to make sure
PEOPLE
————rr—
intisiorsi
my hat was on the right
angle. When the train
came around the bend,
that's when I got really
nervous."
When Princess Margaret
finally alighted from
the special train which
would later take her to
Williams Lake, her pleasant
and easy way with
"She asked hirri if he
was mayor Fraser and
he said yes, I am and
he did a bow and I did
a curtsy, because
that's what you do
with royalty."
• Gertrwie Fraser
people soon put Fraser at
ease.
"She was very pretty
and very pleasant," she
said. "The Governor General
was supposed to get
off the train first and introduce
the princess to
Alex, but she got off first.
She asked him if he was
mayor Fraseir and he said
yes, I am and he did a
bow and I did a curtsy,
because that's what you
do with royalty."
Princess Margaret
was only in town for a
few hours, but she took
full advantage of the opportunity,
takirig an excursion
around Quesnel
in a car supplied by
Chuck Beath, who then
drove her to her official
ceremony at LeBourdais
Park.
"They had a platform
with chairs set up and she
met a lot of the old
timers," Fraser remembered.
"Thousands of
people were there to see
her, and you have to remember,
Quesnel wasn't
as large then as it is now,
so that was really something.
I couldn't believe
how many people came
out."
Fraser said Princess
Margaret struck her having
a different personality
Prince Charies and Lady Diana meet with Alex Fraser and (partially hidden) wife Gertrude.
Photo contributed
ri - —
memories
Princess Margaret is welcomed to Quesnei by former mayor Alex Fraser and wife Gertrude.
Photo contributed
from Elizabeth.
"She was different
from her sister, the
Queen," she said. "She
liked to party and she had
a couple of boyfriends.
She had just broken up
with her first, Mr. Townsend,
and we all thought
that this was why she
took the tour, to get away
from it all."
Before she knew it,
the big day was over and
Princess Margaret had
once again boarded her
special train, waved farewell
and headed down the
tracks to Williams Lake.
When she heard that
the princess had passed
away, Fraser said it was
sad news indeed, but not
entirely unexpected.
"She was sick for
some time," she said. It's
sad she passed on, but she
wasn't well. She had had
several strokes already.
Still, it was very unfortunate."
However, the memory
of that visit remains,
as do the memories of
several other royal encounters.
"When Alex was
mayor, we met all sorts of
visitors and he said he
wouldn't be surprised if
we met royalty one day,"
she said. "Sure enough, I
met'with Princess Diana
"She was different
from her sister, the
Queen. She liked to
party and she had a
couple of boyfriends.
She had just broken
up with her first, Mr.
Townsend, and we ali
thought that this was
why she took the
tour, to get away."
• Gertrude Fraser
and Prince Charles and
met the Queen on several
occasions."
Her meeting with
Princess Diana took place
just before Expo 86, on a
specially commissioned
ferry.
"Ferries were under
Alex's ministry, so we
were presented to them
when they came," she remembered.
"She seemed
kind of shy, quite quiet.
The Prince took a salute
from a navy ship that
came alongside the ferry,
with all the sailors lined
up along the deck."
.Of her three meetings
with Queen Elizabeth,
one stands out particularly
vivid in her memory.
"I met the Queen one
time in Kamloops," she
said. "At first I wasn't
going to go because I had
a cast on my leg and it's
very hard to curtsy with a
cast on, but I practiced
and decided to go. I left
my crutches at home,
even though it wasn't a
walking cast because I
didn't want to be on crutches
when I met the
Queen. When we met
them, I was behind Alex
and at first I thought they
wouldn't notice me, but
Prince Philip noticed my
cast and asked Alex what
he did to his wife, adding
that he hoped I would get
well soon."
Emerald Ball event to
celebrate Foundation
Black tie evening sure to be
the social event^ the season
NEIL HORNER
Observer Reporter
When the Quesnel
Community Foundation
liolds its kickoff event this
spring, organizers are
hoping it will be the social
event of the season.
The Emerald Ball, slated
for Saturday, April
13, will be a black tie and
evening gown affair, says
organizer Francine Gaetz.
In an interview
Thursday, Gaetz said the
event will be the first of
what she says will become
annual fund raising auctions
and social evenings
for Quesnel's leading citizens.
"We'll have prominent
speakers from the
Canadian Foundation and
the Vancouver Foundation
and a fund raising
auction," Gaetz said. "It.
will be a social event,
with light appetizers and
nice, easy listening background
music."
The event will also
see this year's grant recipients
handed their cheques
and asked to give a
short speech about where
the money will be going.
The Quesnel Community
Foundation was
formed with a $50,000
legacy grant from the B.C.
Winter Games, as well as
a $50,000 grant from the
Dalton Hooken Quesnel
Community Foundation is
snowballing nicely.
City of Quesnel. Since
then, the foundation has
received $25,000 from the
Vancouver Foundation,
along with a promise of
an additional $25,000 if
the local group can raise
$75,000 of their own.
Other donations have also
come in from the local
community, bringing in
an estimated $10,000.
Grants will be handed
out each year from the interest
accrued by the
foundation's capital.
Director Dalton Hooker,
the foundation hopes
COMMUNITY
to raise an additional
$150,000 this year, with
an eventual goal of having
half a million dollars in
the bankvvithin five
years.
The interest on the
money already obtained
wiil allow a total of
$6,700 at the Emerald
Ball event, and that total
will grow as the money
continues to roll in.
"It's like a snowball,"
Hooker said. "It keeps on
getting bigger."
The ball will prove to
be an-important part of
that snowballing process.
"We want to create a
prominent social event
that professionals, executives
and others can go
to and have a good time
and know that the money
they give is going to a
good cause right here in
the community," he said.
"In other places where
this type of event has been
held it has been considered
the social event of
the year."
Tickets for the Emerald
Ball can be picked up
for $30 each at Northland
Mortgages, R.E.
Rasmussen Chartered Accountants,
the Quesnel
and District Credit Union,
Canadian Western Mechanical
or from any foundation
director.
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©2002 Weigtil Watctiers International. Inc. owner of the WEIGHT WATCHERS trademark. All rights reserved.
QUESNEL CAR»00 OBSERVER Sunday, Febmary 17, 2002 A17
Francine Gaetz and Ron Rasmussen are getting dolled up for the big event this spring.
Neil Horner photo
for helping us Celebrate our
extendt&eifv ^n^zCUccdeC^^J^^^
O STEAK
HOUSE
Hutde 23td f^^^^l^^^^
a^^^^at^an to- exceUent
diftitt^, Tf/e one ^fiate^ui ^ofi
&fi>fi4^fttcaUt

AIS QUESNEKARIBOO OBSERVER Sunday, February 17, 2002
Are mutual
funds really
as risky as
they seem?
It's impossible to
compare funds "across
the board." Mutual funds
not only differ in their financial
objectives but also
invest in different kind of
securities that reflect the
ultimate objective of the
fund.
• Thus, depending on
the securities the fund is
investing in, or the mix of
securities chosen for a
specific fund, the element
of 'risk' varies substantially.
The fund's objective is
what the fund seeks to
achieve by investing. This
Stait planning ear^
for your retirem
Saving for retirement
is one of those things
many people find hard to
do:..: :
With their full working
careers still ahead,
young adults see retirement
as a distant goal.
There's plenty of time yet,
they say, to worry about
the golden years. Older
people may feel closer to
retirement, but other fi^
nahcial commitments -
such as buying homes,
funding children's education
- loom larger in their
minds.
So opening a registered
retirement savings
plan and contributing to
it regularly - seen by financial
planners as crucial
to providing reasonable
retirement income -
often gets put on the back
burner.
The hesitation to saVe
may be understandable,
but planners say the sooner
you begin to put
money into an RRSP, the
better. Building a pool of
assets to see you into a
comfortable retirement
will be much easier if you
begin the process early in
life. And you should also
make your contributions
at the beginning of the tax
year, rather than the end,
the unfortunate custom of
many RRSP holders.
Why is earlier better?
Remember that RRSP
contributions are tax deductible
and that earnings
in an RRSP are allowed to
compound tax-deferred
until they are withdrawn.
So the younger you are
when you make your contributions,
the longer they
will betiefit from the
magic of compounding.
Contributing as early as
possible each year will
also bolster the cortipounding
process.
Here's how compounding
works. Let's say
you put $1,000 into a
two-year term deposit
that pays 10 per cent
compounded annually. In
a year's time, you've
earned $100 in interest.
That $100 is added, to
your principal. For the
second year of the term
you get 10 per cent interest
on $1,100, or $110.
You can see how this interest-6n-interest
couJd
quickly mount over a long
term.
When you combine
the benefits of compounding
with tax deferral,
you've got a very potent
force.
Let's say Mike and
Bob each have $5,000 of
their salaries to invest, but
follow different paths,
Mike invests in an RRSP -
earning 8 per cent a year -
where his funds are not
subject to tax until they
are Withdrawn. In 20
years, the original amount
would have grown to
$23,305 at which point
Mike decides to cash out.
Assume for simplicity's
sake that Mike is in the
50 per cent bracket, and
he would end up with
$11,623. .
Bob, also in the 50
per cent tax bracket, decides
to invest outside his
RRSP in the same investment
earning 8 per cent
annually. He's subject to
tax on the original
amount, which reduces
his starting investment by
half to $2,500. He'II also
pay taxes on the investments
earnings over the
years. After 20 years, he's
got $5,478.
True, there would be
no tax to pay at. that
point but the end amount
doesn't come close to
making up for the tax-free
compounding of interest.
Another benefit of
starting early is that you'll
need to put away less
each year to reach your
retirement goal.
Let's say you'll need
$500,000 including CPP
and OAS to retire comfortably
by age 65 and
your investments will
average 8 per cent annual'
growth with inflation at 3
per cent. If you're 25
now, you'll need to invest
$1,254 per year to reach
your goal, according to
Scotiabank's RRSP Reality
Check. But if you wait
until 35 to begin saving,
you'll have to set aside
$3,032 a year. Hold off
until your 45 and you
must come up with
$8,109 a year.
The figures clearly
show there is a price to be
paid in the form of a reduced
retirement nest-egg
by those who put off saving
until tomorrow.
Bruce Armstrong is
vice-president, financial
planning and investment
saving programs.
Rigsby Lea Barr & Go.
"Helping People in Business "
Put our long-term planning expertise to work
for you and your business.
Business Planning • Inconae Tax Advice
• FInqncial Consulting • Estate Planning
101-455 McLean Street
992-5547 Fax: 992-5372
e-niail: ribco@que8nelbc.c^ ^
will determine what kind
of securities the fuiid will
buy, and in what economic
sectors or countries.
For example, a fund seeking
the highest possible
return on capital may invest
in more speculative
common stocks than one
seeking niaximum income
from dividends. The risk
in the first objective is
much higher than in the
second.
You can see, therefore,
that the amount of
risk involved is directly
related to the fund's ob­
jective; Generally speak-:
ing, it can be assumed
that the higher the return,
the higher the risk involved.
However, mutuak
funds remove much of the
risk from investing.
Drowning In a sea of RRSP choices? investing in an RRSP can be pretty oonflasing. Talk to
your Qarica agent about putting together a plan to help you get the most out of your retirement savings.
Kevin McKelvie* CFP CLUCH.F.C.
McKelvie Financial Services Ltd. RWS
250992^5790 HI TT ARirA
333 Reid St. \^LJ\IS.L%^J\.
Quesnel BC investment and tmurance solutions-since 1870
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253 Reid Street 992-9216
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you exceptional yield on your investment.
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Talk to the experts at Northland Mortgages.
Francine or Dennis at 992-7295
252 Reid Street Quesnel
millennium
MILLENNIUM FINANCIAL GROUP INC
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Prince George, Quesnel, Williams Lake
CALL TOLL FREE
1-888-581-1042
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1
Mike Groves
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•RRSP'S •Mutual Funds •RRIF's •Portfolio Review
•Investment and Retirement Planning
MONEY
QUESNEI CARIBOO OBSERVER Sunday.'February 17,2002 A19
Don't be intimidated by difficult markets
The task mciy be daunting^ but ajewjucts can lessen thai load
When volatility afflicts
the marketSj investors
get nervous. And
many, rather than sticking
to their guns, are prone to
panic. They pick up the
phone, call their brokers
or financial planners, and
head for the exits.
Why stay invested in
stocks or equity mutual
funds, they wonder, if
prices could head down
even more.^ Their idea is
to sell now before the
market deteriorates further,
then buy back in
when they feel the market
has stabilized and is
poised for big gains.
While this may give
some investors temporary
peace of mind, financial
planners say it is definitely
not the best way to
build wealth. It smacks of
trying to time the market,
a dicey investment strategy
that involves attempting
to match buys and
sells with inarket valleys
and peaks. Even most investment
professionals
shun the practice.
It's far more effective,
planners contend, to buy
a diversified portfolio of
good, solid investments,
and stick with them. Investors
who are constantly
moving in and out of
the stock and bond mar-
Al Paterson's stress level doesn't need to go through the roof over the challenges of personal financial planning.
Neil Horner photo
kets in big way - often
running to the sidelines
when stock prices dip -
will Hkely not achieve as
good overall performance
as those who stay invested.
Not only are they
likely to miss some of best
times in the market, but
the frequent trading will
increase transaction fees -
commissions for trading
stocks, for instance -
which would be a drag on
their returns.
For registered retirement
savings plan investors,
the potential danger
of frequently moving
in and out of the market
can hardly be Overstated,
particularly if it results in
poor investment performance.
Sub-par performance
jeopardizes the
creation of an asset pool
large enough to backstop
a comfortable retirement.
Global Securities
Corporation
Barhara J. Bachmeier, L A .
Branch Operator
Are your RRSP Investments on
track to fiind your retirement?
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Government
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CMHC AAA 2.76^' 4.42^'
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YIELDS
AAlo 2.78^' 4.79^
AAlo 2.76^° 5.18'^
••••All Rates Subject To Change Based on Market Conditions & Availability
Delhie Hanrahan, CFI^ Give I. A . Barb, Hedy or Debbie a call
.•:ied\jSchulz,I.A. to find out how we can help>
Hours of Operation:
Monday-Friday
6:30am - 5:00pm
#3-334 Front Street, ftuSslif^
Tel: (250)992-7^8 ^ ' ^
Although many investors
claim they buy
and sell at just the right
times, research shows that
few actually walk the
talk. More than 90 per
cent of investments by individuals
are made near a
market high, and the majority
of sales take place
after investors have lost
more than 10 per cent.
To see how staying
invested can pay big dividends,
let's look at the
impact of being out of the
market for various time
periods. Let's say you put
$10,000 into the stocks
that make up the S&P
500 Index on Oct. 1,
1996.
If you didn't budge,
you'd have $15,106 on
Oct. 1, 2001. But if you
moved your money out of
the market for its 10 best
days, you would have
only $9,843. Be out of the
market for the best 30
days, and your investment
would shrink to $5,505.
Clearly, staying invested
over the long term-is an
effective way to build a
nest egg.
Bear in mind that investing
means niixing different
types of securities
from the three major asset
classes - equities, fixed income
and cash or equivalents
- in a portfolio that
meets your goals and risk
tolerance. But once you
have the investments in
place, stick to your plan.
Bruce Armstrong is
vice-president, financial
planning and investment
savings programs at Scotiabank.
Stocks
Bonds
Mutual Funds
Specialty Products
Access to all major exchanges
•Independent Canadian Co.
Extended Hours:^
Evenings & Weekends
during February
by appointment
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