NEWS
4 || CAMPBELL RIVER COURIER-ISLANDER || WEDNESDAY, JULY 2, 2014
Popular trail Former fire hydrants are transformed re-opens after into four water stations throughout city bridge, culverts are repaired W CITY
“Through the creative initiative of our water crew to recycle former fire “These water stations will here once the key was to help hydrants into water stations, we are help people cope while also fight fires, now the idea is to encouraging people to bring a reusable promoting our exceptionally keep people healthy and hydrat- water bottle and keep hydrated during the hottest time of the year,” says ed during the summer months. clean and safe drinking the City’s utilities project water.” — Viau supervisor Nathalie Viau. During the spring, city of Campbell “The summer months River employees installed water stain Campbell River can tions at key locations. be very dry and hot, and With Campbell River gearing up for these water stations will another Canada Day celebration July help people cope while It’s a fair question but not one easily answered. Far 1, the city will provide water stations also promoting our exceptoo many considerations to throw numbers out to the around the community to help keep tionally clean and safe masses. residents healthy this summer. drinking water.” Let’s consider the “risk-free” rate of return. We’ll call These stations are accessthis the rate the bank would give you in a cashable GIC ible 24 hours a day, seven days with full CDIC protection. It’s a little less than the rate a week, and will provide free of reported inflation and more so for real inflation and access to clean, safe drinking after taxes you’ll lose a little water. These stations will conpurchasing power every tinue to run throughout the year. Still, this is a bigger Murray Callaghan CFP concern for someone at 40 summer. The water stations can be than 80. found at: It’s also important to recPHONE 250-830-WOOD(9663) • Spirit Square ognize that a rate of return JUST • Robert Ostler Park must be considered relative • Frank James Park to inflation. If inflation is 151 DOGWOOD, CAMPBELL RIVER • Dick Murphy Park running at six per cent and your return is 10 per cent you are no further ahead than if inflation was two per cent and your return was six per cent. Real returns mean increased purchasing power. We must also consider risk. Up to a point, taking on a slightly higher risk profile should give you a higher potential reward. The key word is potential. Taking on too much risk is a little Where Quality Ingredients Make the Difference like driving 110 mph on the highway. Better to give up potential rewards than lose capital betting on gambles. Achieving any targeted rate of return by taking on the least amount of risk should always be the goal. Then one must consider the time frame. Rates of return over the last 12 months for an equity portfolio have been very robust. Should we consider this the norm? A term known as reversion to the mean implies that returns move back towards their historic longterm averages over time. In short, it’s only meaningful to discuss potential rates of return for equity markets over periods of a minimum five and more likely 10 years. There are many strategies designed to provide the illusion that making money in a passive investment portfolio is easy if you only knew what the “experts” knew. Most involve some form of leverage which does magnify gains as well as losses. It didn’t work out so well for the “experts” at Bear Stearns which was sold for pennies on the dollar and later Lehman Brothers who declared bankruptcy after 138 years in business during GFC 2008. At the end of the day the question is not necessarily what rate of return you could receive (although we’d all like more) but rather what rate of return do you need? COURIER-ISLANDER
Rates of return
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The Davidson family would like to thank all their wonderful customers for supporting Steiner Bakery over the past 34 years. We invite you to drop in July 2nd-4th and enjoy a FREE COOKIE on us.
Open Monday - Saturday 6:00am - 6:00pm
231 Dogwood St. 250-287-7323
Continued from page 3. “BC Hydro has provided support in the past for the Ripple Rock Trail system, it made sense to do so again given the proximity to our power line that goes to Quadra Island,” says BC Hydro spokesperson, Stephen Watson. “We provided funds towards the gravel work, and we moved the power pole guy wires to allow for access and for the improvements to take place.” Watson says worker safety is extremely important when working around power lines, particularly with heavy equipment, and it was well considered for this project. “My goal since arriving here five years ago was to upgrade this trail to make it a real showcase for the community,” says MFLNRO’s District Recreation Officer, Duncan Mactavish. “One in which residents can take visitors to a very historic site and see views that are pretty special. Everything came together for this upgrade work and I am proud of what we’ve been able to achieve. It looks fantastic and I encourage people to come check it out.” The total project work budget was $60,000. In 2010, through the Job Opportunities Program and with funding from Island Coastal Economic Trust, over $120,000 was put into the trail by constructing boardwalks, bridges, picnic tables, and the installation of stairs at the end of the trail to get visitors up the rock cliff just before the end of the trail.
Summer Art Camps For children 7 - 12 years
Fabulous Art with Mary Deveau July 14 - 18, 9am - 3pm Art Extravaganza with Laurie Taylor August 11 - 15, 9am - 3pm Members: $165, Non-Members: $175 For more information, contact: Campbell River Art Gallery, 1235 Shoppers Row, 250 287 2261, contact@crartgallery.ca. www.crartgallery.ca
All Children’s Summers Programs sponsored by: