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Home My WebLink AboutThe Goderich Signal-Star, 2009-08-26, Page 8li Page A8 - Goderich Signal -Star, Wednesday, August 26, 2009 FREE One Day Workshop in... ✓ Resume Preparation ✓ Interview Techniques Centre for Employment and Learning. Goderich 519-524-2515 Clinton 519-482-1700 Seaforth 519-527-0305 Employment Ontario programs are funded in part by the Government of Canada. Photo by Gerard Creces Above, Iakeshore residents pack the Columbus Centre Saturday, August 22, to learn about the Maitland Valley Conservation Authority's 100 -year erosion predictions, as well as regulations on building within high-risk areas. When it comes to evaluating your portfolio's good and losses are bad; which is generally decisiown that basis 'may lead to some prob mistakes you can try to avoid wh • tf xr iea but could tin .'': aking inve.`� ent .. Here are seven of-ernost common investments' performance. 1, Evaluating peri n over a ah 1 ivrioft dine: Peletend to buy investments that have performed wpoorly sell those that have performed�ly over the short term. This habit of buying when you fete good and selling when you eeibad can be equivalent of buying when prices are high and selling when prices are low. 2. Blig the /financial advisor for factory beyo his or her con : b of .hivestment because it's a bad investment or use the overall.`: or bond m . felltIviatket declines are an inevitable part of the investingpprocess and tot a reason to sell quality investments. Assuming poor management or bad advice is the reason for your investment's decline can be a mistake. L Has the value 3. Failing to consider the impact of money m' • into and out of the account: A proper assessment of your portfoo s performance will ;11t t in the amount of money be invested and withdrawn. If you don't do this,, �._ could co to the wrongconcltis4bns about investment's performance. So befor+ you judge your account's value, be sire to consider its cash flow. 4. Looking backward instead of forwarch The legal disclaimerpearink on nearly all • investment literature states "past performance may not be an indication of future results. "This statement should be permanently etched on the minds ofhnvestoc When recent performance is strong,,`lnvestorsthink Itwill last forever: However after long periods of underperformance, people tend to abandon investments, instead of holding for the long-term, only to miss out on potential opportunity. 5. Falling to account for income: The primary investment goal for Most people is to have enough money to live comfo 1 ' b , In went. To meet that you should own investments that generate en incotne to cover your bills activities you want to pursue. You'll likely own fixed come Investments: 1 ` bored v can pay income. Equities tend to pay a lower rate of income but offer 11; a to grow that income over time through dividend increases. Remember that dividends can increased, decreased or totally eliminated at any point with or without notice. Investors who understand this should realize performance comes from not only growth, but also income. 6. 'Having unrealistic expectatko s: Wide price swings in the. stock market can be difficult to stomach. Equities can be particularly uncomfortable to own when the news is bad and the arket is down. However; owning quality equities can provide the potential for growth. The key is to make sure you have a long-term perspective. . Failing to take into account: Some people buy rudder investments after the market has risen d safe: irrowments after the market has dropped. This approach can significantly reduce -t + .investments returns. Riskier investments will liki'1y experience wider price swings. is true for more conservative in ems. e 6s A • mind, make sure y rebalancing -tear goats, e 6 1 0 • 401117 is A Erosion presentation lays out 100 -year predictions Qerard Crag signal -star staff Residents of lakeshore communities within the Maitland Valley Conservation Authority packed the Columbus Centre in Goderich Saturday morning to hear, some bleak news. The MVCA, along with the Shoreline Work Group, presented their 100 -year ero- sion predictions to a crowd of homeowners and concerned residents. The outlook was to the point — nature will continue to take its course and while miti- gating measures can be taken, erosion is un- stoppable. Prefacing the day's speakers, Goderich mayor and MVCA member Deb Shewfelt asked the packed hall for patience and un- derstanding. "I would ask you not to ,shoot the mes- sengers," he said. However, it did not stop geologist Brian Luinstra, of Luinstra Earth Sciences, from coming under fire from the audience follow- ing his presentation. After reviewing the updated flood, wave and erosion lines, Luinstra explained that increasing development and precipitation along the clay bluffs of the Iakeshore create increasingly unstable slope conditions. He said winters where the temperature hovers just above the freezing point create some of the worst conditions for erosion. "When it's wet, there is the highest risk of slope failure," he said. "Prolonged snow melts are the worst-case scenario" When asked what the best steps are to combat this, Luinstra put it plainly. "We just have to live with what will hap- pen," he said. "A lot of (erosion control) work was done in the 80s and a lot has failed since." Retaining walls, groynes and other such erosion control structures put in one place almost immediately cause more erosion down current from their location, he said. The stability of the beaches and dunes can be directly affected by the installation of such structures. While the 100 -year erosion line showed considerable widening of gullies and reced- ing of the bluffs, Luinstra reminded the pub- lic it was only a guideline. The erosion predictions are based only on the rate seen to date, and are not necessarily how the shoreline and gullies will deterio- rate. However, he said, deterioration is in- evitable and ultimately, shoreline protection does not work. When asked why not, Luinstra put it plainly. "Nature tends to win:' There are three areas the MVCA has des- ignated for erosion -control measures with restricted development: the 100 -year flood level to the top of the bluffs, the bluffs along the 3:1 slope (three horizontal units along one vertical), and the 3:1 slope to the 100 - year erosion line. Any development happen- ing within that area will need special con- sideration. Any new building or alteration of existing structures within the 100 -year erosion mark require consultation and approval from the MVCA, municipal buildling officers and in some cases, the Huron County Health Unit. During question -and -answer periods, many residents expressed their frustration with having to consult so many different departments however Nathan Garland of the MVCA said in most cases, a joint meet- ing with all three entities can greatly reduce time for homeowners. Special cases, he said, may still require additional meetings however, due to the fragility of the land it- self and the work required. Gullies along the lakefront will be studied this winter, when the MVCA hopes to gain a better understanding of the effects of ero- sion. 1 1.i, :I II lit 1. 1,)1 1, I! 0 .f...4J. /It j j� 1U V L1 ill ' kr 1 l i(t 14. / / • •+ . . � �..'C..:+',f, t `� 1 4.1.1ff 44 .) ij.414-ikA �1 .' Ill A i'4At... .'r,, A i"-7 ':v_1:1:;'11.41: lit` f 1: .1.1j.1.) ?F'%%'e *V...ev1e11