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e recommend you treat your investment portfolio like a family business. Eliminate that disconnection you may have between the numbers on a statement and the actual investments. Taking ownership of this aspect of your life will greatly impact what you are able to afford. This may also be the jump-start you need to heighten your interest in investing and give your investments the attention they require. Your investment portfolio is the most signi cant tool you have available for achiev- Treat your investment portfolio like a family business Dollars & W Sense Peter Watson Guest Contributor 23 | Thursday, September 19, 2013 | OAKVILLE BEAVER | www.insideHALTON.com ing your nancial objectives. Those objectives, a re ection of your family values, can be achieved through your family business, which we will refer to as FamCo. Your family's needs, wants and investment decisions can be FamCo's responsibility. Professor David Simpson, the director of the Business Families Centre at the Ivey Business School at Western University in London, Ont., has data showing you are not alone when it comes to having a family business. Family owned businesses account for half the total Gross Domestic Product (GDP) in Canada. Eighty per cent of the world's businesses are family owned. If nothing else, the FamCo idea will en- courage the correct mind-set to truly get the most out of the investment process. One aspect of great importance is to maintain control and provide leadership to your family business. Consider entrepreneurs running their own business. They determine the market they serve, hire the correct people to help run the business and manage the entire process. The owner of a business has a wide range of responsibilities. You should consider the same approach managing your FamCo. see Actively on p.24 Get your coupon at www.save.ca/drfresh facebook.com/savedotca is a division of AVIGAYIL CASHED IN $1,384 FROM HER CLOSET! #EXCITED www.TrendTrunk.com Cash in your closet today at TrendTrunk.com