Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / April 13, 1995, edition 1 / Page 10
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Page 10 Thursday, April 13,1995 Winston-Salem Qircmide Ministers Conference of Winston-Salem Holds Annual Good Friday Worship Service The Ministers Conference of Winston-Salem, holds its annual Good Friday, “Seven Last Words” worship service at St. Andrews United Methodist Church, 1840 Butler Street on April 14 from noon to 3 p.m. Preaching the short sermonettes on the last words of Christ are the Rev. Cor nelius Battle of Mount Moriah Baptist Church in Pinnacle; Rev. A.T. Griffey of First Calvary Bap tist Church; Rev. Moses Hodnett, hostpastor of St. Andrews United Methodist Church; Rev. Sandra Thigpen, Chaplin of Forsyth Prison and Jail Ministers; Rev. Sandy Witherspoon of Spencer Memorial Christian Church (Dis ciples of Christ), Rev. Rayford Thompson of Friendship Baptist Church, and Rev. Sylvester D. SECCA to Present Exhibit of Artwork by 11 Local Artist Winston-Salem - The South eastern Center for Contemporary Art (SECCA) will present an exhibition of artwork produced by artists living in the 11-county Triad area. A call for entries went out last December for artists to submit slides or videos of their work. Over 200 artists responded and a total of 20 were selected. Opening April 22, the exhibition will run through July 2 -and be on view in the Main Gallery. The Triad Fantastic: Twenty Artists from the Piedmont Triad will feature a wide range of media from painting, sculpture, photography, video, to mixed media installation. SECCA is exhibiting 11 artists for the first time. The exhibition is not intended to be a survey of con temporary art produced in the area, but instead, focuses on a specific theme or direction as determined by the work submit ted for review. The selected works reflect a disquieting psy chological tension in formats that range from the fantastic and the bizarre to social criticism. The participating artists are: Michael Ananian (Greensboro); Mark E. Brown (Greensboro); Bert Carpenter (Greensboro); Christina Clum and Brett Ingram (Greensboro); Carol Cole (Greensboro); William Pick (High Point); Sean Gilley (Win ston-Salem); Leigh Ann Hall- berg (Winston-Salem); Louis W. Jones (Asheboro); Page Laugh- lin (Winston-Salem); Amy Lixl- Purcel! (Greensboro); George Lorio (Greensboro); Mark Casey Milestone (Winston-Salem); Michael Northius (Greensboro); Roy Nydorf (Oak Ridge); Ron Rozzelle (Saxapahaw); Tom Suomalainen (Walnut Cove); Roberta Tefft (Winston-Salem); and Evans V. Ward (Asheboro). Artists and Members open ing will take place on Eriday, April 28 from 7-9 p.m. Also opening the same night are LOVE Pictures: Robert Rosen- heck and James Barsness. Many of the Triad artists along with Robert Rosenheck will be in attendance that evening. For more information, con tact SECCA at (910)725-1904. MONEY WATCH By THEODORE R. DANIELS The Power of Time There are two factors which stand out in a successful invest ment plan. They are time and rate of return. Young people have both of these factors going for them. - The power of time is easy to understand because of the impact of compounding. A small amount of money can grow to a larger sura over time. For example, if you save $1,267 annually for 25 years and earn interest at the rate of 8 percent annually, at the end of 25 years you would have $100,000. However, if your goal is to have $100,000 at the end of 10 years, you would have to save $6,392 annually and earn interest at the rate of 8 percent annually. This shows that the longer you wait to save and invest the more money you will have to set aside for your goal. Many young people today have the opportunity to become millionaires by age 60. If a person age 29 invested $5,000 each year, assuming a 10 percent rate of return, he/she would have $1 million at age 60. But if that same person waited until age 39 to invest the same amount each year, he/she would only have $300,000 at age 60. Young people should begin investing now not only because of the results of the above scenarios but because of the tentative ness of Social Security and company pensions which may not be around when they retire. They must exercise discipline to save and invest for the long-term. They can invest the money into tlie highest-earning asset- stocks, and especially small-company stocks. There is extensive research that show that: a) in an average year, stocks return more than 10 percent, twice as much as bonds or money-market funds; b) over the short-term, stocks are much more volatile than bonds and money-market funds; and c) over long periods, the volatility smooths out, and stocks carry about the same risk as the other investments. The future can not be guaranteed, but the experience of the past clear. For the past 60 years, stocks have never come close to losing money in any 20-year period. But when you look at bonds and U.S. Treasury bills, historically, your chances of ending up with a low return are greater than with stocks. If you are 30 years old and do not have an Individual Retire ment Account, set up one today and add $2,(K)0 a year to the account. When you turn age 60 you will have $1 million, assum ing an average return of 15 percent annually. Keep in mind that the average annual returns for investment categories between 1026 and 1994 are; laige stocks, 12.2 percent; small stocks, 17.4 percent; long-term corporate bonds, 5.7 percent; and U.S. Trea sury bills, 3.7 percent. So the best advice for young people is simple. Invest every thing you can into stocks (and stock mutual funds). Forget the ups and downs of the stock market. You’ll find yourself a mil lionaire 40 years later. Time passes faster than you think.$ If you have any questions or concerns, please contact Theodore R. Daniels, MONEY WATCH, P.O. Box 23558, Wash- ■ ington, DC 20026. Johnson of Macedonia Trae Vine Pentecostal Holiness Church, Inc. For the first hour the worship leader is Rev. Douglas Summers of Mt. Pleasant Baptist Church, the second hour is Rev. J. Ray Butler of United Cornerstone Baptist Church and the third hour is Rev. Samuel Stevenson of Grace Presbyterian Church. An offering will be lifted each hour, all money goes to the NAACP Learning Center program. It’s understood that some people may be coming in and going out throughout the three hour peri| Rev Joseph Jones of Zion Men rial Baptist Church is the Pr(, dent of the Ministers Conferem, Write the vision and make it plain, that they may run that read it... Habakkuk 2:2 The above passage refers to the writing down of goals and visions, so that they may serve as an inspiration to those that read them. McDonald’s Restaurants of Central Carolina salute the winners of the “McDonald’s Black History Makers of Tomorrow” essay contest. Their essays, entitled “How I Plan To Make An Impact On Black History,” exhibit tremendous leadership and dedication, and stir owr spirits with the hope of a brighter future. ^Congratulations to the 1994-95 “McDonald’s Black Histon Makers of Tomorrow” winners! The winners are (left to right): Isaac Osabutey of Providence Day School; Leonard Foust, Jr. o[ Southern High School; Chiriga Clemons of Maiden High School: and Tiffani Rogers of Southern High School. (Not pictured: Sheereen Miller of East Mecklenburg High School.) What Good Is Owning A Home If You Can’t Tear It Up Every Once In A While? Go ahead, knock down a wall. Build that deck. Add a couple of skylights. With our New Way Equity- Loan, there’s simply nothing Start now, with the New Wdj'Equity- Loan. 1. Purchase price 2. Multiply by 5% (ossumed appreciofion) X .05 3. Annual oppreciation 4. Multiply by the number of years you've owned 5. Estimated oppreciation 6. For your home's estimated value, add lines 1 and 5 7. Multiply by m X .90 8. Maximum loon to value 9. Subtract your current moitgage bolance = 10. Avoilable to borrow Of course, if you happen to like your house exactly the way that it is, feel free to use the money for something else that would make you happy. stopping you. No closing costs, no long w'ait to ( But the idea of taking a big fat sledgehammer build equity, and maybe even no taxes. to that wall in the dining room was To apply, just talk to the loan officer at your kind of appealing, now’ wusn’t it?) V^V—il-J local branch; you’ll have an answer in 24 hours. Central Carolina Bank. We’ll help you find a way- You may qualify to borrow up to $25,000 for any purpose or up to $50,000 for home improvements with no closing costs. Consult your tax advisor for specific information about the deductibility of interest- Member FDIC
Winston-Salem Chronicle (Winston-Salem, N.C.)
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April 13, 1995, edition 1
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