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10%" 8# ‘*Strong demand for shortâ€" term mortgages costs lendâ€" ing institutions less; invesâ€" tors are _ more. willing to deposit funds in Guaranteed Investment Certificates (the main source of mortgage funds) for short terms and will accept a lower return as their funds only are comâ€" mitted for a short period. This can lead to lower mortâ€" gage rates." ‘"In recent weeks, approxâ€" imately 50 per cent of all new mortgages and 60 per cent of renewals were for oneâ€"year terms. However, only about 25 per cent of borrowers are taking fiveâ€" year terms," says Royal LePage‘s residential mortâ€" gage market spokesman. Consumer demand for shortâ€"term money may, itâ€" self, contribute toâ€" lower mortgage rates in future, says the Royal LePage spokesman. Demand for oneâ€"year mortgage terms significantâ€" ly outpaces that for three and fiveâ€"year terms. Acâ€" cording to the Royal LePage Canadian Mortgage Market Bulletin, this highlights exâ€" pectations that mortgage rates will decline in the coming months. Hints that mortgage rates still declining The eightâ€"session course is designed mainly for people considering a career in independent business who want to gain skills needed to establish a successful business venture. All stages of launching a business will be explored â€" from identifying entrepreneurial skills in yourself and others to choosing a type of business and operating it profitably. UW offers Starting Your Own Business University of Waterloo will again offer its enormously popular Starting Your Own Busiâ€" ness course in the new year. It will be taught by Robert H. Grasley, a veteran business consultant who is president ofKempdale Consultants Ltd. (Toronto). Grasley is also a member of the board of directors of the Canadian Innovation Cenâ€" tre/Waterloo, and serves on the board of a number of companies. For more information, call the Office of Partâ€"Time Studies, Correspondence and Conâ€" tinuing Education: 888â€"4002. 5 YEARS | 60 DaYs 135 Lexington Crt. Unit 5 WATERLOO 746â€"3332 GUARANTEED FOREVER T idâ€"biz BOWLING IS A FAMILY ] AFFAIR. HAVE YOU BEEN LaATELY! SHEAR HEAVEN wishes to announce the recent appointment of ANITA CHRISTOFI to their staff. Anita would like to invite all her former clients and new customers to visit her at SHEAR HEAVEN. Specializing in: carburation & tuneâ€"ups fOnMNTIER a R *3 _ YOU 885â€"1810 159 Erb St. W. Wat. ANNOUNCEMENT w MOTOR VEHICLE INSPECTION STATION "Your Community Recreation Centre" BREITHAUPT CENTRE Now is the time to join the exciting Winter Programs at Breithaupt Centre. Bauer Industries to receive federal contribution The assistance announced today follows earlier CIRB contributions of $534,000 to help the company carry out an inâ€"depth study of its operational requirements, to develop a reâ€" structuring plan, and to begin the plant modernization program. The company, which produces synthetic felt for the automotive industry, plans to purchase new equipment for its Waterloo plant. The threeâ€"year project will enable Bauer Indusâ€" tries to increase its productivity and to acquire a more competitive edge in Canada and in the export market. It is expected that this program will create 10 new jobs. Bauer Industries Limited of Waterloo, will receive a contribution of $150,000 from the Canadian Industrial Renewal Board (CIRB) to implement the second phase of its restructurâ€" ing and modernization program evaluated at one million dolars. FOR ALL AGE GROUPS Registration is now o%en. Call 885â€"7134 TODAY FOR A WINTER BROCHURE. e CRAFTS e FITNESS e SWIMMING KITCHENER PARKS AND RECREATION DEPARTMENT Toronto Guild member (519) 884â€"5141 16 YOUNG ST E WATERLOO ONTARIO Anita Christofi award winning Uniroyal tires Some sound investment advice "Smiling Bruce" Sanson was a stockbroker from 1955 to 1976, at which time he formed the investment counselling firm called Managed Inâ€" vestments Ltd. In advising people to "stay out of the stock market" he goes on to explain These words were printed in the September/October 1985 issue of Your Money. one of Canada‘sleading financial magazines Irue, the words were preceded by the statement: "Unless you have a lot of money and want to make a carcer out of it stay out of the stock market." ‘Smiling Bruce‘ The article was written by Fal Eraser and was telling the story of "smiling Bruce" Sanson, and had as part of it‘s heading: "He Makes Money Good Times and Bad" And _ hedidit pubâ€" licly, by appearing on a radio show every week, working with an imagiâ€" nary $100,000, starting Jan 8. 1982. and parlaving it into $142.816 by Christmas Eve of that same vear. That "You can‘t win as a small investor You don‘t have enough money to diâ€" versify, and by the time you pay the brokers you can lose, even if your stocks do well " The article goes on to explain that brokers may hold themselves out to be advisers, but their jobis to "sell""securâ€" ities. They only get pard when they (NC) â€" market" was the vear the Toronto stock ex change struggled to gain S §4" s,gc\h\- o&i‘ WATERLOO WATERLOO CHRONICLE, WEDNESDAY, DECEMBER 18, 1985 â€" PAGE 9 STE. 1001. MARSLAND CENTRE Waterloo, Ontario. N2L 112 From Camera & Film, to the picture on the wall WE DO IT ALL! YES â€" WE DO CUSTOM FRAMING We create duvets for the individual. Great Canadian Coverâ€"Ups are composed of cotton and lambswool. Our duvets are custom made to fit the precise desires of the client. They are warm, easy to care for. They offer an alternative to those who cannot have down. GREAT CANADIAN q COVERâ€"UPS ORDERS ARE BEING TAKEN NOW FOR CHRISTMAS CALL 884â€"2188 "St Kâ€"W PHOTO CO. LTD. (Parkdale Plaza, Albert at Hazel) ay out of the stock Professional People Make the Difference Buy any 2 rolls of KODAK Colour Film We agree with Mr. Sanson. Do you? For a FREE copy of how 22 mutual ftunds have done over the past 8 years, ask for "10,000 chart" and write: Paul J. Rockel, 153 Union St. E., Waterloo, Ontario, N2J 1C 4. PAUL J. ROCKEL is President of Regal Capital Planners Ltd. and of the Independent Investment Fund Dealers Assocation of Canada. So what‘s the answer if you and I want to share in the growth and profits of this country (and even the world ) Mr. Sanson says "Determine what vyour longâ€"term objectives are If you want to retire in 10 or 1S vears. planfor that " He then goes on to recommend mutual funds for the small investor Mutual funds advice He also suggests a checkIist for mutâ€" vual funds, but we suggest that you can get all the advice you want about mutâ€" vual funds by seeking out an "indeâ€" pendent" mutual fund specialist conclude a transaction. Even reâ€" searchers and analysts are paid from commussions carned through someâ€" one making sales Furthermore, Mr. Sanson says that "investing is not a partâ€"time doâ€"tâ€" vourself activity." He goes on to sav. "I don‘t know why anvone wouldever try to invest on their own, unless they are prepared to give up everything else and make it a fullâ€"time job True, that person is a salesperson who probably earns a fee on sales, but being independent, that person will obviously seek out a vanety of the best funds to utrhze for yvour savings dollar If he doesn‘t get the best for vou, he will lose you as a chent FINANCIAL PLANNING SERVICES 884â€"4700 John Fielding SENIOR CONSULTANT Phone 886â€"2360 Fnmuegstord ITS YOUR MONEY Paul J. Rockel ADVERTISEMENT Kodak