Managed Money Reporter Newsletter — Issue 134, March 1998

Editors: Carl Spiess & Allan McGlade

The Story of a $10,000 Investment

By Carl Spiess, Associate Director

The Year is 1954

You have just made an initial investment of $10,000 to the Templeton Growth Fund. Experienced investors know that equity funds are best suited for long-term growth. Forty four years later, the year is 1998 and your investment in now worth more than $4 million.

To truly get a sense of the power of compounding, consider this: the original $10,000 investment reached $1 million in 32 years, grew to $2 million just six years later, and bounded another $2 million in only five years. The average annual compounded rates of return for the periods ended January 31, 1998 are as follows:

Templeton Example

RRSP Season Extended for Ice Storm Victims

Revenue Canada has announced that individuals living in areas whose postal code begins with the letter B, E, G, H, J, or K, and people helping with the storm relief will have until March 31, 1998, to contribute to an RRSP for 1997.

  • Normal RRSP receipts for the first 60 days of 1998 are being issued weekly. We anticipate the final mailing on or about March 6 for February payroll contributions.
  • As ScotiaMcLeod cannot determine who will qualify for ice storm exceptions, we will be mailing a separate receipt for March contributions in early April to all clients making a March contribution (eg payroll).

Remember to factor in Canada Post Delivery Times.

Watch for details on the newly revised RESP Plan in the next issue!

Customer RRSP Survey

Each RRSP Season we strive to provide you with the highest level of service. The best way for us to know if we met your expectations is to ask you! Please take the time to participate.

RRSP Season 1998


Contact Us

T.  416.863.RRSP (7777)
F.  416.863.7479

ScotiaMcLeod is a division of Scotia Capital Inc., member of CIPF.

Security | Privacy Policy | Legal Information | Important Information | Site Map




® Registered trademark of The Bank of Nova Scotia, used under licence. ™ Trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management™ consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. ("SCI"). Wealth advisory and brokerage services are provided by ScotiaMcLeod, a division of SCI. Insurance services are provided by Scotia Wealth Insurance Services Inc., the insurance subsidiary of SCI. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Québec) representing Scotia Wealth Insurance Services Inc. SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

The Spiess McGlade Team is a personal trade name of Carl Spiess and Allan McGlade.