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Holiday Inn) Worldwide has announced its participation in the Canadian AIR MILESTM Reward Program. All Holiday Inn hotels worldwide award Canadian AIR MILES"YM collectors with one AIR MILESYM travel mile for every five Canadian dollars spent on qualifying room rates at participating Holiday Inn, Holiday Inn Crowne Plaza hotels, or any other Holiday Inn hotel anywhere in the world. When collectors stay at Holiday Inn Express hotels, they receive six AIR MILESTY travel miles per night. Holiday Inn AIR MILES Seminar series ends June 10th The annual spring Breakfast Seminar Series, coâ€"sponsored by Arthur Rivard and Associates and O"Connor MacLeod concludes on Fri. June 10th and will deal with Managing Change, presented by Arthur Rivard. Rivard will discuss the dynamics of change and the impact on today‘s workplace. The seminar, to be held at the Oakville Holiday Inn, will deal with the importance of entrepreneurs recognizing and understanding the impact of these changes on the employees, as well as introducing appropriate mechanisms to successfully manage these new realities. The seminar begins at 7:45 a.m. with a complimentary continental breakfast, followed by a oneâ€"hour presentation. Anyone wishing to attend should confirm their registration. For further information call 847â€" 0560. $154,900. "HANDYMAN SPECIAL," 3â€"bdrm. elevated ranch bungalow. Partially finished basement with 4â€"bdrm., bath. Woodâ€"bumning insert in FP. Call $399,000. + Southeast executive home * 4 big bdrms., 2 rec. rooms * Culâ€"deâ€"sac, wooded ravine RITA/BRUCE MacKINNON** 845â€"8522 or 844â€"4908 239 LAKESHORE RD. E, 845â€"8522â€" MARYLYNN TAKACH* 845â€"8522 ROYAL LePAGE °* * TTltit 1 column will provide _ a crash course in personal investing. The first The first decision to make is how to invest your capital. Three main options are to leave your money in cash, invest in bonds, or invest in equities. Cash provides a liquid investment $33,747. 55‘x122‘ lot features a formal dining room, greenhouse kitchen, secluded, den, 2 fireplaces, open stairâ€" case to completely separate living quarâ€" ters in lower level with private walk up, ideal for a nanny or inâ€"laws! Call DEBBIE ZARDO 338â€"9000, 844â€"5461. $182,747. Spacious super starter home with main floor family room, 2 1/2 baths, wailkâ€"out from breakfast area to a deck and private fenced yard. Attractive 7 1/2% mtge! Better Hurry! Call DEBBIE ZARDO 338 2000, 844â€"546 rash course in personal investing and it avoids the normal ups and downs of a market. One down side is that there is no opportunity _ for growth. _ _ Bonds are a second investment option. You receive interest income for a period of time and then you receive the full principal at maturity. On the *Nat annlicabla for RASS Strinas 249 Lakeshore Rd. East (Port Credit) surface bonds seem fairly simple. However, _ in reality bonds can be a higher risk and potentially higher return vehicle. The risk and potential reward do not come / WE B\N \ cutan® \\1\\\1 AMP Limit 1 set from the underlying security, but from the prevailing interest rates. If you own a bond that pays 10% interest and interest rates decline then your bond, with its higher interest rate, becomes more valuable. If interest rates increase, the opposite is true and the value will decline. Firan subsidiary in deal A subsidiary of Oakvilleâ€"based Firan Corp. has been awarded $18â€"million (U.S.) in contracts to supply air traffic control equipment for airports in Bombay, New Delhi, China, Lithuania and Oman. Your challenge is to predict the interest rate swings. If interest rates are declining, then buy bonds. If interest rates are increasing, then stay clear of bonds. Denro Inc., based in Washington, supplies voice communication systems. Firan Corp., makes recreational vehicles and air traffic control systems. Stocks provide FRIDAY, JUNE 3, 1994 PAGE 17 an opportunity for longer growth, but as many of us understand there is volatility. On occasion, _ your dream investment will decline slowly for months or collapse suddenly in just a few days. In the short term normal _ market volatility can hurt you, while in the long term you have to be exposed to market risks if you hope to obtain long term growth. The possible solution g0 this dilemma is to consider your long term objectives and to be aware of your ability to accept volatility. A study conducted at the University of Western Ontarfo studied the results of investing in cash, bonds and stocks over the long term. On a year by year basis the results were neutral between investing in nonâ€"growth fixed income investments versus stocks. However, if you extend t investment holding period then the results favor stocks. The longest time period studied was for 10 years. In 26 of the 29 time frames examined, you were ahead if you have owned stocks. {See ‘Going‘ page 18)