Thursday, February 15, 2001

Winnipeg Free Press

Location: Winnipeg, Manitoba

Page: 79

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Text Content of Page 79 of Winnipeg Free Press on Thursday, February 15, 2001

Winnipeg Free Press (Newspaper) - February 15, 2001, Winnipeg, Manitoba The Jewish Post ft News Financial Guide 2001 9 Get to know your banker if youre looking for a loan SOP You have to do your homework before barikfbr a smallbusiness Banks areht in the business of helping in but in making money for You have to demon strate to the bank that your business idea is sound and thatyou can make it To do you have to present yourself as a total Come to the bank meet ing with your advisers yourlawyeroraccount adds a lot of A good strategy is to let your adviser intro duce you to the banker and explain why the thinks your business strategy is a good It gives an air of cred ibility to your venture especially if you are You have the passion and creativity of someone in so it makes sense to have someone sitting next to your with 20 years of business expe Its According to the Ca nadian Bankers Asso ciation 90 per cent of all smallbusi ness loans in Canada are A good credit history is impor tant in securing a loan as is the commit ment of the entrepre neur to the Banks are looking to see someone who is committed to their If an entre preneur puts his or her own money into the it demon strates their commit It is also impor tant to have a strong sense of how youll run your In banks usually require that entrepreneurs guaran tee smallbusiness loans under with their personal as such as a If a bank is going to approve a it will usually do so within 24 hours of the It is important to have an idea of what you and not to ask for more than you But dont ask for less You should work on building a relationship with your Make sure he or she under stands your For invite your banker to see your op You must first have a very good relationship with your In familiar ity breeds contentment not Its more important to know yourbanker than your So doeverything you can to develop a close And never go over the head of your banker if he has turned you It is important to re member that banks of ten like to see what other sources of financ ing your have looked into before approach ing a bank Organiza Sawyer Financial As yearend in vestment ac count state ments are being re ceived this many investors are experienc ing something they may not have seen for a number of years a declining The first half of2000 saw Canadian markets bringing very exciting returns and additional often with borrowed the TSE 300 declined during the fourth led by the declin ing technology to finish the year at just over In the the story was American equity markets struggled throughout the entire with a decline of measured in Canadian dollars in the fourth again led by the technology to finish the year down more than To the young investors in their 20s a few years of negative market re turns shouldnt cause too much of a as the investment horizon is much longer anywhere from 30 40 to older investors a deteriorating investment account could have serious implications to retirement or estate What would be ideal for investors who are or approaching re would be an investment ERIC SAWYER President upside potential of the market while protect ing your account from severe market down Sound too good to be true Well its Segregated col loquially known as seg the oppor tunity to participate in the performance of a carefullymanaged se lection of brandname mutual while offering some addi tional benefits namely a guarantee of 100 of your money back on death and 75 of your money back after a ten year These guarantees pro vide some protection against severe market the poten tial for gains in the market are unlim While its true that segregated which are offered by insur ance traditionally carry a higher management fee than their mutual fund there are addi tional benefits offered in addition to the In the event of death of annuitant of the segregated fund contract the funds are paid to a named bypassing the Which avoids probate and any other legal and executor Segregated funds that offer funds from multiplejnvestmentfund com panies provide the ability to transfer between any of the funds available i tions like the Business Development Bank of funding venture and socalled angel inves tors should be looked at as There are many fi nancing options avail able to It is important to look into as many of them as besides meeting with your FEINBERG FINANCIAL One Carlton Square 1002155 Carlton Street MANITOBA CANADA R3C 3H8 Tel 204 9420904 Fax 9428329 Email dfeinberg@aol.com IQQH Financial Sponsoring Mutual Fund Dealer Denzil Feinbcrg Certified Financial Planner CFP Registered Financial Planner Rate if fee consultancy SI 20 on hour Sam Assistant Sales invites the community to phone or visit him for your automotive SAM VICKAR CHEVROLETOWsmoble Where Customers Send Their Friends 964 Regent 6618391 sionals and business invest ments offered from insurance com panies can be particularly attractive due to the potential for protection from creditors in the event of bank The availability of several brand name investment companies offer ing multiple investment choices has been a major contributing factor to the recent popularity of segregated as volatility contin ues to plague the equity markets amidstspeculation of slower many of the other features of segre gated funds are coming to the fore Guarantees on death and the ability to bypass the and the potential for creditor protection are often of primary im portance to In determining which investment options are best for the advice of a financial advisor is There are a staggering number of mutual and segregated funds offered in the marketplace from a multitude of An experienced financial advisor will help you work through the maze of options to find the right types and combinationsfor your personal that allows you to participate in the without incurring For profes Sawyer Financial 615ONE LOMBARD PLACE MANITOBA R3B 0X3 PHONE 204 9849940 18005873742 FAX 204 9423748 ERIC PRESIDENT EMAIL esawyer@mb.sympatico.ca