Managed Money Reporter Newsletter Editors: Carl Spiess & Allan McGlade

Issue 120 January 1997

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Your RSP Contribution And Where To Make It

Investing This Year's Contribution

Our analysts and most of the major money managers, predict that 1997 will be a strong growth year for the economy - that a 6700 level on the TSE up from the current 6100 is a conservative estimate and that we could very well see the TSE eclipse the 7000 mark. Please call or e-mail for the latest "Your Investment Options" for our current picks!

Government Guaranteed Strip Bonds

For investors seeking guaranteed investments, long term strip bonds yields are still attractive and offer a 100% government guarantee. Please call or e-mail for recommendations.

RSP Loans At Prime

If you don't have the money to make the maximum contribution to your RSP, or want to catch-up on your past RSP contribution room, the Bank of Nova Scotia can help with one year loans at prime rate (4.75%!). If you can borrow at 4.75% and buy a stripped bond guaranteed at 7.75% or a good performing mutual fund, this strategy makes great sense. Call or e-mail us for information.

Labour Sponsored Investment Fund for Additional Tax Savings

LSIFs are venture capital mutual funds which provide an additional tax savings from the provincial and federal governments. Therefore, on a maximum $3,500 investment you will save $1,050 in addition to your RSP tax refund. Call or e-mail us today for a recommendation on which LSIF to buy.

Estate Planning Specialist On Board!

We are pleased to announce that effective immediately, Allan McGlade has joined our team to head up our insurance and estate planning division. Allan comes to us with sixteen years of financial services experience. His first seven years were with a major Canadian bank in Personal Financial Services before joining North America's largest issuer of group and individual insurance products. Allan joins us with extensive knowledge in the areas of estate tax minimizing, insurance products, annuities and (insured) segregated funds.

Increasingly Canadians are being faced with new challenges when planning for the most effective means to transfer one's wealth to the next generation. This recent increased focus on intergenerational transfers in large part is due to the phenomenal increase in registered assets that the Canadian public now own. We are confident that Allan will provide our clients with sound recommendations that will focus on minimizing the effect that taxes will have on their estates.

In the coming months, we will be hosting estate planning seminars for clients who are interested in estate planning. We are pleased to welcome Allan McGlade to our Mutual Fund Reporter team and are proud to offer this exclusive service to our valued clients. Allan's direct number is 862-3066.

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For a complete list of our recommended investments for this RSP season, please call us at (416) 863-RRSP or 1-800-387-9273 or e-mail us.