Girls Just Wanna Have Funds
I don’t usually make recommendations when it comes to investments. But with all that has been going on in the world markets these last few weeks, I couldn’t resist telling you about an investment I think will increase in value no matter what the TSX or the Dow is doing.
I found out about this particular investment when I visited the Web site of the TSX last week, and what caught my eye was that it was presented as an IPO.
For those of you who are up on your stock market lingo, you will know that the abbreviation IPO usually stands for initial public offering and describes the offering of shares by a company to the public for the first time.
Some of the more prominent IPOs in recent times have been Tim Hortons and Google.
However, the IPO that I came across is different from the above two for a couple of reasons.
First of all, IPO in this particular instance stands for Immediate Public Opportunity.
Secondly, in reading the confidential information memorandum of this particular investment, it states that this investment “will never lose its value.”
And to get the ball rolling, 10,000 shares of this IPO were put up for sale last week, starting at $100 per share, with a number of prominent Canadians placing their orders, including celebrated author Margaret Atwood, broadcaster Pamela Wallin, Olympic medallist Clara Hughes, and Jim Shaw, president and CEO of Shaw Communications.
So, what is this investment that is guaranteed to never go down in value and has an unlimited upside potential for gains?
The “investment” is known as the Girls’ Growth Fund and is sponsored by the Canadian Women’s Foundation (CWF).
The CWF is billed as “Canada’s only public foundation dedicated to improving the lives of women and girls with the mandate to invest in the power of women and the dreams of girls.”
The premise of the Girls’ Growth Fund is to raise funds that will be directed into programs for disadvantaged girls, aged nine to 13.
These programs will “focus on developing leadership, critical thinking and decision making skills by engaging girls in science and math, sports and physical activity, leadership and empowerment, and financial and media literacy.”
This will result in the guaranteed increase of your “investment” in the form of “unlimited growth of self-esteem, leadership, courage and independent thinking in girls.”
Along with the unlimited growth potential of the Girls Growth Fund, an additional benefit is that you will be issued a charitable donation receipt for your investment, which can be used to reduce your 2008 tax bill.
If I have piqued your interest in this no-lose investment opportunity, you should check out the Web site at www.girlsgrowthfund.ca or give the GGF a call at 1-866-293-4483, ext. 224, for more information.
- Rick Soparlo is a certified financial planner with Partners and Planning in Regina. His views are not necessarily those of Partners in Planning.
© The Leader-Post (Regina) 2008
