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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Hamiota Echo
Location
Hamiota, Manitoba, Canada
Date
Oct 17, 1989
Page
16
The column explains private pension planning, starting a plan, and why beginning early matters. It introduces compound growth with examples, shows the Rule of 72 to estimate doubling time, and cautions that inflation and taxation erode real returns. It notes Mr Mardon of Investors Group Inc. in Winnipeg.
The article explains Cougar defined as Coupon Guaranteed Accumulative Receipt tied to government strip bonds. It notes potential 7 to 14 year doubles, projections of $4022 purchase to $7250 at 10.55 percent, safety backed by government issuer, and use within RRSPs for tax shelter. It advises partial, long term use and caution with short term needs.
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