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HomeMy WebLinkAboutThe Citizen, 1997-10-22, Page 11THE CITIZEN, WEDNESDAY, OCTOBER 22,1997. PAGE 11. Race for reeve in Brussels, Hullett, West Wawanosh A challenge for municipal coun­ cil seats will lake place in several communities. While returning Brussels council­ lors Mary Stretton, Joe Seili and Greg Wilson were acclaimed along with newcomer Mike Thomas, there will be a battle for reeve. Councillor Ralph Watson will go against incumbent Reeve Gord Workman. Dave Hastings and Henry Exel will run the PUC. West Wawanosh will have three Hullett to buy signs Hullett council decided at its Sept. 16 meeting to provide signs to property owners upon written request. The signs will mostly be hidden driveway signs but others can be requested if there is concern. The maintenance and cost of the signs will be the sole cost of the individual making the request and will be installed by township employees. Council accepted a petition for drainage works by the owners of Cone. 6, Lots 4 and 5. R. J Bum­ side, engineers, were appointed to prepare a report. Council instructed Road Superin­ tendent Jim Johnston to purchase mixed salt and sand required for winter road maintenance. Also passed was a bylaw to establish a date, hours and location for an advance vote for the 1997 municipal elections. Karl MacNaughton was granted a leave of absence from his duties as chief building official, bylaw enforcement officer and property standard officer for the Twp. of Hullett. Grant Anger was hired for MacNaughton's period of absence. The accounts totalling $493,634.89 were approved, passed and paid. A request for donations from the Huron United Way and The Salva­ tion Army were filed. The chief building official's report, the road superintendent's report and the drainage superinten­ dent's report for the month were accepted as presented for the month. Approval was not granted to the Black Fund Development Inc., which is running a lottery for the Great Hospitals Lottery, to sell tickets on its behalf. Church news Continued from page 8 same as the winds and the sounds on this earth come, the Spirit can come to one to be used. The hymn Saviour, Like a Shepherd Lead Us was sung. The sermon was "Looking Back to Our Future". Rev. Ross spoke of the changes that have come to this world through the years. He spoke of the pioneers and of the trust and faith they must have had to help make the world with all the accomplishments of today. People must look back into the past, work, hope and pray for the future. He closed with prayer followed by The Lord's Prayer said in unison. The offering was received. The doxology was sung and the offertory prayer given. The service closed with the hymn Stand Up, Stand Up for Jesus, the benediction and Amens. Everyone was invited downstairs where lunch was served and a social time enjoyed. candidates from which to select their reeve. Gord Brindley and Councillor Doug Miller will run against current reeve Bob Hallam. A contest is also set for deputy­ reeve with Walter Elliott challeng­ ing Councillor Gord Hunt. The three council seats will be filled by some new residents as Stuart Alton is the only incumbent seeking a seat. The other candidates are Kevin Shiels, Neil Rintoul and Cecil Cranston. The Art of Managing our Investments By Linda Henhoeffer Financial Advisor Mutual funds have become a very popular investment choice for our hectic 1990s lifestyle. By investing our savings in a mutual fund, we immediately own shares of stocks, bonds, treasury bills, or a combination of these asset classes. We have hired a portfolio manager who makes our investment decisions of buying and selling for us. We can start with a very small amount, such as $30 monthly, or we can invest lump sums. When we put our mutual fund investments in an RRSP account, we receive a tax refund. Also, as an RRSP investment, our savings grow with no income tax paid until we withdraw funds at retire,ment. Mutual fund companies have responded to our demands for investing by introducing many new mutual funds. Today there are well over a thousand different mutual funds. How do we choose the right mutual funds for us? Unfortunately, there are no easy answers to that question. Setting up and managing our investment portfolio is not a science. There are no specific rules and measurements. Rather, we need to consider many factors such as our personal feelings about risk, our education regarding investments, our age and investment horizon. 1. Management Philosophy and Style Mutual fund managers have different management styles. Some believe in buying stocks of quality companies with excellent growth prospects and holding these stocks in their portfolio for many years. Other managers try to 'time' the market by buying stocks of companies they think are undervalued today, but the manager expects their stock price to increase in value soon. When the stocks go up in value, the manager sells them for a quick profit. Still other managers believe that certain types of companies perform better at various times of the economic cycle. This is referred to as 'sector rotation' investing. It is important to understand the investment style of the mutual fund manager and to match the manager's philosophy with ours. 2. Diversification There are three main investment classes: stocks, bonds and treasury bills. Each performs differently during the various parts of the economic cycle. For example, stocks usually perform best during economic upturns, while bonds usually perform better during recessions when interest rates are declining. How much of our portfolio should we have invested in each asset class? Should our portfolio be readjusted as we go through the economic cycle of expansion and recession? 3. The Sleep Factor All investments have a risk factor. Even 'guaranteed' investments, such as Canada Savings and GIC's, have the risk of not giving us a return higher than taxation and inflation! We investors, therefore, have to ask ourselves what level of risk can we tolerate with our investments. I refer to this as our 'sleep' factor. Where is our comfort zone for risk that allows us to sleep soundly at night? If an investment causes us to worry, then it is not a good investment choice for us. Finding our comfort zone with risk and staying within that area is probably the most important decision when we make our investment choices. The popularity of mutual funds has given us lots of choices for our investments. Choosing the right mutual funds for us is a challenge. Managing our investment portfolio is more of an art than a science. There are no quick answers or easy decisions, but care and consideration are necessary to have an investment portfolio that is right for us. MANAGING OUR INVESTMENTS SEMINAR * Tuesday, November 4 at 7:30 p.m. * at MVCA building, Wroxeter * door prizes and refreshments Limited seating, so cal! to register Linda Henhoeffer 519-335-3887 or 1-800-667-3887 ^*| nt/estmed (Jerfre After not receiving enough nomi­ nations, East Wawanosh Twp. extended the acceptance period to last Wednesday. A final applicant filed, thereby completing the coun­ cil roster which includes Fred Meier, Murray Scott, James Camp­ bell and A. Judith Gaunt. Donald Schultz was acclaimed to the position of reeve. All council positions in McKillop Twp. were acclaimed with the same representatives returning; Ron Murray as reeve; William Siemon as deputy-reeve and Fergus Kelly, Sharon McClure and James S. Ryan as councillors. There will also be battles in Hul­ lett Twp. as incumbent Reeve Tom Cunningham is faced with competi­ tion from current Deputy-Reeve Robert Szusz and Ken Hulley. While Councillor Doug Hugill was acclaimed to the post of deputy-reeve, five will vie for the three council seats. Council hope­ fuls are incumbents Bruce Bergsma and David Armstrong along with challengers Karl MacNaughton, John Van Beers and Marg Ander­ son. Vicki Culbert, Huron County Board of Education will return as trustee for Huron A, Goderich and the Townships of Goderich, Col- borne, Ashfield, East and West Wawanosh, on the new Huron and Perth County amalgamated board. Past director of education for the HCBE, Robert Allen, will sit as trustee for Huron D, Exeter, Hen- sall, Zurich and the Townships of ' ' I Carlson Wagonlit Ellison Travel Don't Miss the Spectacular <<Niagara Festival of Lights Saturday & Sunday November 22 & 23 '■ Concert Performances by: Roger Whittaker Ray Price Patti Page 235-2000 1 -800-265-7022 West Wawanosh: It’s Time For A Change! For Someone Who: Is Open-Minded And Approachable Believes In Teamwork Is Fair Is Responsible VOTE DOUG MILLER FOR REEVE Helen Johns, MPP is pleased to present... "THE OLDER & WISER PROGRAM" A Seminar For Seniors Featuring Presentations On: * Services for Seniors in Huron County * Understanding Prescription Medication * Safety for Seniors - Protecting Yourself from Fraud or Financial Abuse * Healthy Living For Seniors FRIDAY, OCT. 31, 1997 9:30 a.m. - 11:30 a.m. Little Bowl - Goderich (use rear entrance to conference room) For more Information please contact the office of Helen Johns, MPP at 1-800-668-9320 or (519) 235-4920 Stephen, Hay and Usbome. Colleen Schenk, present trustee for Wingham, and Della Baum­ garten, trustee for Howick Twp., will compete for Huron C district, which includes Wingham, Brussels and the Townships of Morris, Grey, Turn berry and Howick. The biggest challenge will be in the Huron B riding as three candi­ dates vie for the position. Incum­ bents Abby Armstrong, trustee for Bayfield and Stanley Twp., and Lynda Horbanuik, trustee for Blyth and Hullett Twp., will taktf on new­ comer Dave Hallman for the seat to represent Clinton, Seaforth, Bay- field, Blyth and the Townships of Hullett, McKillop and Stanley. Louise Martin, representative for Clinton, Ashfield, Colbome, East and West Wawanosh and Hullett Twp. was acclaimed to the trustee position for the Huron-Perth county Roman Catholic Separate School Board. Her new dislrict will also include Goderich, Wingham, Blyth and the Townships of Morris and Turn berry.