Page 12
THE CELTIC CONNECTION • MAY 1995
Haughey Makes Grand Appearance
true love Invest in Yourself
DUBLIN — Former Taoiseach Charles Haughey has been receiving a lot of press recently.
This year's Irish Grand National mdved from the sports section to the front pages when the race was won by Flashing Steel. Just about everyone in Ireland knows that this horse is owned by Haughey.
The trophy and cheque for £62,000 were handed over by the current Taoiseach, John Bruton. The two men looked to be the best of friends and Bruton couldn't have looked happier handing over the award had he backed Flashing Steel himself rather than Dr. Tony O'Reilly's Old Belvederian, which finished fourth.
Earlier in the month, Haughey opened the grounds of his North Dublin estate to members of the public.
The primary attraction was the huge display of daffodils and that all entry fees (£3 per person, £6 per car) are to be donated to the Irish Cancer Society.
Photographs of a contented, if aging, Charles Haughey strolling among the daffodils on his Kinsealy estate appeared in the daily papers.
The warm sunshine brought large crowds to the opening day in aid of the Irish Cancer Society. — The Irish Emigrant
DUBLIN — Gerry Duncan (77) of Glassan, County Westmeath and Peggy Kellard (76) of London, recently renewed their marriage vows, almost 54 years after the two first married.
The story of Gerry and Peggy made news on a number of occasions in the last few months. They divorced in 1946 and had not been in touch since. Last year, Gerry took it into his head to find out if Peggy was still alive.
When he finally managed to trace Peggy, he found that she had monitored his movements throughout the years until he disappeared from the telephone directory in northeast England in the Eighties.
Several months ago, Peggy came to Ireland and since then, she and Gerry have been together in a thatched cottage without running water. — The Irish Emigrant
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By ROBERT HENDERSON
The truth is rarely plain and hardly ever simple, but in Canada today there is a plain and simple truth that each of us must face. The promise of individual financial security based on prudent government management is gone.
We face an uncertain future. Don't get me wrong, there are more exciting opportunities today than ever in the history of the world but, for most people, it would be comforting to have a degree of solid financial certainty.
If there is one thing the world will never run short of it's experts. They're queuing up to offer their personal, and all very different, quick fix prescriptions to ease your pain; the main goal being to speed up the process of wealth-building.
Near-frenzied trading currently engulfs the securities markets. There seems little difference in the mind of a speculator, whether it is Las Vegas, the 6/49 lottery or the stock market. People set out on financial seas without so much as a chart to guide them. If ships did this, few of them would ever reach port.
Investing is not external — it is internal. Self examination is the key. Knowing one's self, both
food qualities and shortfalls and eing honest will lead one to both inner peace and financial nirvana. Investing is pure psychology-
The first principle of investing is diversification — for safety and increased returns. There is one fund — which I call our "Widows and Orphans Fund" (the ultimate secure haven for your money) — that is a core holding because of the managers and how they invest.
Who are these great managers? San Francisco based Wells Fargo Nikko Investment Advisors is North America's largest institutional money manager. They manage $210 billion for 533 clients among them the Rockefeller foundation, General Motors, Exxon, KPMG Peat Marwick, the U.S. Army and in Canada,
CMHC and University of Ottawa pension funds.
"Wells Fargo has been in business for 143 years but is not fixated on the past. It is one of the most innovative banks on the Internet, using its home page to create a positive image among potential clients by entertaining and informing. It also recruits employees and explores new commercial possibilities."
— San Francisco Chronicle
Wells Fargo invests in the S & P 500, which is a list of 500 of the most solid "blue chip" businesses in the world.
It's a good feeling to own Coke, McDonald's, Ford, G.M., Disney, Gillette, Microsoft, Boeing, Campbell Soup, H&R Block, Nike, Maytag, Wells Fargo, Wal-Mart and American Express. Over the years, these businesses will grow and make a lot of money.
The future is unpredictable and at times, the business cycle will slow down. Our clients love the feeling of security, knowing that their managers nave protected
fains by moving into cash (t-ills) to take advantage of high returns.
As interest rates fall, a large portion of the funds will be in bonds (U.S. treasury bonds). There is no wrong time to invest money in this fund. It is perfect for people who know that the worthwhile things in life have to be earned; for the people who know that quick fixes are likely to be no fix at all.
Success depends on three things: knowledge, correct action and patience. Wells Fargo supplies the knowledge to guide you toward investments that will protect and enhance your capital in todays radically changing world. You must take action and have patience.
Finally, one rule of investing that is continually forgotten. Never invest in something you don't understand. Everyone can understand shaving with Gillette, enjoying a McDonald's hamburger and drinking a refreshing coke. It's like investing in yourself — and that's a good feeling.
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