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Federal budget provides valuable lesson to investorshis weeks federal budgetTo ensure the assumptionswith finance. Set targets and factors are critical to your finan-provides an excellent learn-used just a few months ago werecheck them often.cial success?DollarsTing opportunity for indi-correct, Minister of Finance JimAnd that leads us back to you.How much do you have to savevidual investors. Learning comesFlaherty met with private sectorYou likely have several family every year from your current&from the fact the budget waseconomists last week.financial objectives. Objectives earnings? What investmentSenseeffectively the same budget thatFlahertys decision was to pro-that are talked about frequently return do you have to achievethe Conservatives introduced inceed with the same economicwould include paying down debt annually to grow your assets suf-By Peter WatsonMarch, which in part lead to theassumptions that he had usedand planning for retirement.ficiently to be able to save enoughMay election.previously. However, that was notIf you have personal debt that money for retirement?There is a strong parallelthe significance that we shouldneeds to be reduced, then what Some of these variables youThe reality is that there are a between the financial challengestake from the process.targets do you have to monitor to have direct control over. Thatlot of moving parts in any bud-of running a country and ourThe significance was our gov-be successful? What is your debt would include how much yougeting process. own personal finances. ernment went to great lengths toreduction strategy? Break down save. They are all connected so one The parallel is that bothdouble check these assumptions.your targets so that you can mon-Others, like investmentmistake can create a ripple effect Canada and our own family haveYou likely have heard the pop-itor them on a regular basis.returns you can plan for, butthat will impact the outcome.to set economic targets and thenular carpenters saying of mea-For example, if your goal is to investments are volatile and outAs mentioned, the budget was monitor certain economic vari-sure twice and cut once.pay off consumer debt in two of your control.virtually the same when it was ables.Something similar can be saidyears, set a target of reducing the Either way, you have to moni-first introduced in March. debt in equal amounts over the tor your progress. And that isnext 24 months. Then every your responsibility. That is notSUMMERmonth check to see if you were something you should delegate.successful.You can ask a financial advisorPROGRAMSThat is where we are similar to to help. But the ultimate respon-the federal government. We both sibility is yours.have to check important eco-So there are two lessons thatHockey & Golfnomic variables on regular basis.we can learn. First, is to set finan-The same thing is true for cial targets. Secondly, you are noFOR BOYS & GIRLS AGES 7-12retirement planning. What key different than the federal govern-ment. You have to monitor key 3 HOURS GOLFING DAILY targets on a consistent base. 3 HOURS HOCKEY ON ICE INSTRUCTIONS DAILYIt is the constant setting of specific targets and frequent mea-WEEKS OF JULY 4, 11 & 18DENTURESsuring of those targets that willt agrtinHouse League FULL & HALF DAY CAMPStaSbe the key to your success Submitted by Peter Watson,July 4-8; $$MBA, CFP, R.F.P., CIM, FCSI. In1991, Peter founded Peter Watson37957911-15; 18-22ea.Investments in Oakville. Peter2000-2004 House can be reached at 905-842-2100905-815-8208or visit the website at www.peter-Fun fi lled day. Mix of skating & puck LIMITED TIME OFFERwatsoninvestments.com.development combined with games and competitions.SPECIALTY CAMPSCustomize your own camp and save $$$July 4-8 and July 154)Pick the number of hours you want 2-4 daily1)Select the number of players to make your group 4-85)Book the times you want between 8am-4pm2)Organize the players who you want in your group6) Select the topics you want taught3)Determine the week July 4-8 or July 11-15Note: The more hours you choose... the cheaper per hourUse the chart to calculate the cost per weekDEFENCE CAMPSJuly 18-22 All aspects of defensive skill development will be covered. DEFENCE CAMPSLearn to understand defensive situational concepts. Tips on how to become a better offensive defensemanREP 3hr SKILL CAMPSJuly 25-29Individual Skills & Game Concept DevelopmentTo register call tel: 905-842-2423 ext. 1005 or email: jbergeron@ice2ice.cawww.ice2ice.cawww.insideHALTON.com OAKVILLE BEAVER Thursday, June 9, 2011 14