OF BUSINESS

“Personally, Tn sick of sunning up brownie points, Tow
can I get my hands on some real cash?”

TRENDS

Speculators are still moving
out of the stock market and
into urban housing: here's

a comparison of 1973 and 1974
first quarter sales in Metro-
politan Toronto.

1973 1974
No. of 3,868 6,981
Sales
Volume UST 368.9
($million)
Average Sale
Price 39,092 52,840

This is a record-breaking in-
crease in both unit sales and
average sale price. Sales in
March, 1974 of $152.6 million
Were greater than the entire
first quarter a year ago.
Commissions alone, in the
single month of March, just
in Metro Toronto totalled
over $9 million. Pretty
scary, huh?

Here's some advice given by
John Ford in 1733 when he
Spoke in London, England to
a group of 18th century busi-
ness types.

"An Address to Men in Business
Concerning the Right Ordering
of Their Affairs"

1. Undertake no more than
you can manage.

2. Perform with delight and
a kind of unweariness.

3. Have your eyes upon your

own business and trust

not wholly to servants.

Be watchful ‘over strangers.

Trust not your memory, but

immediately make entries

of things in the proper

books.

6. At proper times inspect
your affairs.

nS

Rh

THIS IS ADVICE?

"What's the market gonna do,
Mr. Baruch?"

"Fluctuate, Tony, fluctuate".

That was the legendary Bernard
Baruch's honest and wise answer
to a friendly newsstand operator,
who no doubt filed it in the
smart-ass category of "Let them
eat cake."

Instructors in the Business De-
partment are sometimes asked
for investment advice; it's
rather embarassing to have to
say, "Search me, I'm totally
bewildered" when one is study-
ing finance, accounting, man-
agement and entrepreneurial
poker and publicly playing the
role of expert 16 hours weekly
before one's students. It
might interest you to know
what we do, rather than what
we say. Well, of 10 full-
time instructors, 7 own their
homes and 5 of these have sold
these homes for profit during
the past year. The average
profit was about 60 percent;
One-third of this profit is
inflation, two-thirds is due
to shortage of housing in the
Lower Mainland. This 40 per
cent gain is tax-free; profit
on the sale of one's residence
is virtually the only untaxed
income opportunity remaining.
The next step in the sequence
is to build another home, as

- quickly as possible to mini-

mize inflationary losses, and
do your own general contracting
to save and control labour costs.

pelted —— =e