The Bad News Bears are prowling Bay Street and even the most optimistic stock traders are sweating bullets.
So where does the smart money find a safe, profitable haven when virtually every projection indicates that equities markets will continue to run flat - or worse - throughout 2008?
One of the most widely experienced financial experts in Western Canada, Murray Wood doesn't hesitate to recommend quality real estate, advising potential investors to take a long hard look at recreational property in southeastern B.C.
Fact is, you can learn a lot about investing from this ex-cowboy, who climbed down from the saddle as a young man and embarked on a career that led him to acquire expertise in a number of related fields, including residential development, home building, financial planning and real-estate investment.
Wood and the rest of the founding partners of Silverado Investments Inc. are plain-talking "just folks.”
They don't dispense the usual brand of mile-a-minute sales patter that's long on spin and short on substance.
"We're successful because we work hard and we work smart, not because we're slick. We believe in our projects," says Wood, who will soon offer B.C. and Alberta residents an opportunity to share his insights during information seminars scheduled for Vancouver and Calgary.
The discussion: How to use your RRSP to Invest in Recreational Properties.
First up is a gathering at the Vancouver Golf Club, 771 Austin Avenue, Coquitlam (no denim, caps or cellphones, please) set for Tuesday, Feb. 12, at 7 p.m.
Two seminars are planned for Calgary the following week, on Tuesday, Feb. 19, and Wednesday, Feb. 20. Both are scheduled for 7 p.m. at 1121 6th Avenue S.W.
Seating at all events is limited so please register early. To do so, please access the website (www.silveradoinvestor.com), click on "Seminars" and follow the simple instructions to RSVP for the time and location you've chosen.
"We think there are a number of ways members of the Baby-Boom generation can take advantage of current economic conditions," Wood continues.
You'll learn how to use your RRSP to invest in a quality property. You'll gain insights on how best to analyse the pros and cons of a prospective investment in real estate.
Wood and his colleagues will share their understanding of the economics that affect a property purchase while discussing broader RRSP strategies.
Meanwhile, you'll be invited to take part in an exciting new project.
"Naturally, we are also going to be offering our audience an investment opportunity. We feel that by demonstrating some of the fundamental principles of sound investing, we'll be supporting our own case," Wood explains.
Silverado Investments Inc.
is presenting a premium opportunity to invest in the four-season recreational playground of Fernie, B.C. Raising money to finalize the development permit of a 120-townhome/condo project in Fernie, the company is selling a combination bond and share offering that is 100-per-cent RRSP eligible.
A minimum investment of $25,000 brings you a secured bond which generates an annual return of 7.5 per cent. Along with each bond purchased ($100 each), the buyer receives five Class-B shares, making purchasers eligible to earn a proportionate 30 per cent of the net project profit. Based on Silverado's projections, optimal returns could climb as high as 60 per cent, with most of that return paid out as cash OUTSIDE your RRSP.
By investing $50,000 or more, you add an option to buy a condo at pre-construction pricing, which translates to a superb re-sale opportunity.
"We see this as an outstanding bargain. This development, known as Coal Creek Station, has already appreciated 133 per cent during the last four years," notes Wood.
This is an investment vehicle that lends itself to income splitting, by the way. Here's the best part. Your investment is fully secured by a mortgage on the lands, which have a current appraised value of $4.2 million.
As Wood explains, all funds raised via this offering will be applied to completion of the development permit as well as payout of existing financing.
For further information, contact Murray Wood or his partner, Don Osborn, via this toll-free number: 1.866.808.1008.
Or call a third partner, Craig Smith, in Fernie at 250.423.0589. Or email info@SilveradoInvestor.com.
