A8 - The Terrace Standard, Wednesday, January 29, 1997 Police seek public’s help to find man POLICE ARE asking for the public’s help in locating a man in connect with the attempted ab- duction of a young woman in Terrace three weeks ago, Police say the woman was approached by a na- tive man at about 6 p.m. on January 9, The suspect told the woman to get into his car. When she refused, he physically tried to force her into ihe vehicle, The man was unsuccessful and fled in a medium blue, four-door car. The suspect is described as short and stocky, wearing dark clothes. His hair is dark and was short on the sides, but longer on top and slicked back. A RCMP sketch artist was flown up from Van- . couver last week and created the composite draw- ing (shown here on the right) based on the vic- lim’s description, Anyone who recognizes this man or has any in- formation on this crime is asked to contact Ter- race RCMP or Crimestoppers at 635-TIPS. The identity of those who do contact Crimestop- pers is kept confidential. Psych plan accelerates PLANNING FOR a. new northwest psychiatric service based at Mills Memorial Hospital is accelerating. An architect hired to come up with house ing designs for psychiatric patients at Mills has a deadline of March 31. Under consideration are three coltages holding six patients each, , But that could change depending upon final evaluations, says Mills chief execulive officer Michael Leisinger. “Tt could be a free standing building or one built up against the hospital,’’ he said .. Of the new housing, ae The plan is to provide housing for north- western residents now at the provincial Riverview institution, those now at Os- borne Home in Terrace and to improve the existing 10-bed psychiatric ward at Mills. Osbome Home is an aging facility and fixing it isn't considered financially sound. The larger plan involves a bringing to- gether of existing psychiatric services and adding new ones to improve efficiencies and to cut administrative costs. Taken together, the plan is to provide a broader range of differing levels of in- patient psychiatric care and to bring out im- provements to out-patient service, A good portion of the money for all of the above comes from dismantling the River- view hospital structure in favour of regional services. The regional service concept has been years in the making, following the desire to close down large places such as Riverview in favour of more localized operations. Leisinger suggests the new service could add $2 million a year to the hospital’s oper- ating budget and create 20 or more full time jobs, “There'll be positions for registered nurses, LPNs (licensed practical nurses), social workers,” he said. Leisinger expects workers now at Os- borne Home. to. be given the chance for. employment at the new facilities. Patients with more serious necds, for in- stance, will stay al the revamped psych unit ai Mills Memcrial. Those with less serious needs will be housed -in the new accommodation, The advantage of basing the services ad- jacent to each other is the ease of transfer- ring patients back and forth as the need arises. Leisinger said the logical governing body for the new-look psychiatric service is the local community health council. Also expected to be a major player in the new service arc northwest native groups as part of their wish to have patients living in the region to be closer to family and friends. by Scot Robinson You may think the best way to be financially secure is to take no risk whatsoever with your hard- eamed money. It may seem odd, but this no-risk strategy can be one of the riskiest approaches you can take. In an effort to eliminate risk entirely, you can give yourself a false sense of security and you sacrifice real growth - growth that outpaces inflation. Why? Because leaving all your money in a saév- ings account or even in guaranteed investment cer- tificates (GICs) may keep your money safe, but may not grow at a rate to meet your future requirements. You have to gauge whether the returns offered by low-risk investments are enough to keep up with inflation. So the real risk is not taking at least some risk with your money. You can look at putting at least some of your money into investments which over the long run, do better than savings‘accounts and term deposits such as GICs. The problem is that most people are afraid to také any risk. You'll never eliminate risk entirely, but you can help evaluate it and manage it by thinking long term, diversifying, using professional money managers and keeping a level head. If you are not comfortable with the thought of holding your own stock portfolio, quality equity mutual funds are an ideal vehicle for reducing risk over the long term. The primary bene- fits of mutual funds are professional managers and diversification. Over the fong term, well managed equity mutual funds have outperformed less iriskyi investments. It is important to carefully analyze the performance and specifics of each mutual fund before purchasing or seek advice from your financial consultant to help you choose the right fund for you. While the stock market fluctuates from day to day, over the long term stocks have outperformed all oth- er investments. So if youire investing for the long term, consider having equities in your partfolio. Making the most of yo RRSP investment Menages with Primerica [i FREE SEMINAR. Thinking of a GIC for your Here’s the hest reason fo think again. 1997 RRSP? = If the objective of your RRSP investing is superior returns with reduced risk, there are mony reasons why you shouldn't settle for o GIC. By attending our free seminar, you'll leorn how we can help you to apply the lotes! “efficient frontier” asset allocation techniques to your RRSP - and build more consistently rewarding returns, Stock Market Timing “Buy and hold” - this is prob- ably the most common strategy advice mutual funds investors receive. How many times have you seen ads which claim “If you had invested $10,000 in 1955, your investment would be worth 52,000,000 today”? Hord to argue with, isn't il? Especially since equity mutual funds have been known to out- perform many other investments over the long term. Most mutual fund investors ore content to leave their investment decisions to the professionals who manage the funds. They feel fund managers have the expertise and temperament fo juggle o portfo- lio, dropping over-priced stocks while adding those which have greater growth potential, However, some investors would like fo try timing the market themselves. “Beating the market” takes a lot of work and, some say, innate knowledge, a feel for when the market will rise or fail. It’s nat easy. Even experts will admit their foilures in market timing, espe- cially those swamped by the October 1987 stock market crash. The amateur investor will hove little time 10 monitor the normal foctors that affect he market, let alone the unpredictable ond unu- sual siluations that can send a market soaring or into o freefall, The professional fund manager, however, wotthes the market at time, evaluating such trends as consumer confidence levels, house-building activity ond cor- porate profitability, along with economic indicators, such as interest rotes ond retail spending. All of these factors can contrib- ule to o market's performance. Mony professionals believe that bull (rising) and bear (falling) markels precede turns in the Peter Arcadi| Branch Manager with Primerica | Finerdal Services In Terrace economy on on average of 1} months. Therefore, the investor will hove to be able to look for more Ihan one year into the future without the help af a crys- tal ball. The challenge in trying to guess the market's direction is that the investor hos to be right both times, knowing when to get out and when to get bock in. To alleviate potential errors, the investor may decide to trade only part of their funds or those invested in specialty funds that have o tendency to be volatile. These could include energy, gold and foreign mutual funds, Overall, the “buy-and-hold” is a sound idea for many investors. But “buy-ond-hald” does not mean “sit back and coast.” Investors should monitor their funds closely to ensure ihe fund is performing consistently. Watch for ony chonges in a fund’s manage- ment policy. For example, if management changes this could adversely effect a fund’s pertor- monce, you might want to consid- er swilching funds, Also, many investors will want to change the type of Funds they hold as their needs change. As they get older ond ore less willing to take risks. Investors will likely want to shiff more away from aggressive growth funds to more conservative balanced or income funds, With mutual funds, investors con reap the benefits or owning stocks while avoiding the risks and costs involved in dealing directly with the market. For avid stock market watchers, a mutual Fund's portfolio con be monitored from the newspapers’ business pages as well as through the fund company's updates and literature. With mutuol funds, there is something far everyone to “buy and hold”. Your unit volue and investment return will fluctuate, Important infar- motion about any mutual fund is con- tained in its simplified . prospects. Rend your prospectus carefully before investing, You can obtain one from; Peter Arcadi, PFSL Investments Conoda Lid. Phone: 635-7800 or 1-800-295-7476, spina baed ka eer Financed Services In Tarroce You'll also scientifically establish your PERFORMANCE COMPARISON - JANUARY 1938 - DECEMBER 1994 real needs for growth and income ond risk tolerances...and find out how lo select an individual portfolio that will precisely meet them. Rate Value of Peter Arcadi is an experienced Branch Manager who hos helped hun- of Return $1000 Invested dreds of Concdions to build better RRSP returns through asset Inflation’ - 4.39% $11,062 allocation. te 3 f donate Bonds alee Sgiteg _Don’t miss out, Senting is limited. Plense RSVP through Primerica Stocks 10.67% $291,697 Finoncial Services of 635-7800 or 3-800-295-7676. Source: Canadian Institute of Actuaries Monday February 10, 1997 7:00 p.m. In The Coast Inn Of The West Banquet Room F3§ PFSL i Investments Canada Ltd. Ph: 635-7800 or 1-800-295-7676 AMenber of ThavelersGroupl Motual Funds offered through PFSL Investments Canade Lid., MotunlFund Dealer Invest wisely: Importont Information chout this mutual fund service is contained in tha simplified prospectus. Investors should obtoin a copy from their invesi ment advisor and reod it corelully before investing. Unlike GICs, mutual fund investments are not guar- anteed ond unit values and investment relurns will fluctuate. + Mackenzie Scot Rovdinson is a Financial Consultant with CIBC Wood Gundy Securities Inc, in Edmonton. The views of Mr. Robinson do not necessarily reflect those of CIBC Wood Gundy Securities Inc. This arti- cle is for the information of investors only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. LESS TAXING Let us do the work. We'll ensure the best match of the current tax regulations with your particular situation. 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