Newspapers / The Charlotte Post (Charlotte, … / Aug. 5, 1982, edition 1 / Page 19
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WITH RICHARD ELLIS How To I Grow Money? Ellis Government Backed Corporate Bonds . .GNMA collateralized bonds are backed by the full faith and credit —of the United States government. The bonds are AAA rated, the highest possible rating. The bonds have several benefits for the conservative, income oriented investor. Churches, charities, and retired individuals are some of the investors that are growing money with GNMA colla teralized bonds. Some of the differences between the U.S. Government backed bonds and the corporate bonds that II described in last week’s column are: 1. Interest is payable monthly instead of semi-annually. This is important to an investor who has a fixed income. 2. The bonds are available in thousand dollar amounts. 3. The bonds are secured or backed by the United States go vernment and have an AAA rating. The purpose of the bonds is to provide mortgage money to pros pective home buyers. The bonds are issued by some of the largest home builders in the United States.. 4. The bonds have a “re-sell’ featured call a “put.” This allows the investor to sell or “put” the bond back to the issuer at the original once (par) on a first CPCC Summer Theatre CPCC Summer Theatre will have "Magic to Do” just for you in Hirson and Schwartz’s dazzling and fun-filled musical, “Pippin” August 11-21 at 8:15 p.m. in Pease Auditorium. The Box Office is open daily 10 a m. to showtime for business, or you may call the Summer Theatre Box Office at 373-6534 for reserv Tickets are $4.75 each. We are appreciative of the great support we are receiving from the com munity. However, due to the large volume-of news -we- receive from. indivj- _ duals each week, and the limitations of space that all publications must deal with, we are unable to print every item we receive. Please be patient - we are working hard to ensure that your news-news from our readers-is published in The Post as quickly as possible Editor 4 come, first-served basis. The is suer can offer this feature be ransp the funds from mortgages that are paid prior to maturity are used to buy back the bonds. These funds are called the “put pool.” GNMA collateralized bonds were first issued in 1981. About 20 million dollars per month are issued. The principal investors are institutions and pension funds. The bonds have a face maturity of 30 years. The average life is expected to be 10 to 12 years because of the early pay-off of mortgages due to transfers, retirements and other factors. The “put” feature affords the investor a measure of market ability in case he or she wants to convert the bond to cash before maturity. The bonds pay a higher interest rate than that of investments with shorter maturities. The 15-16 percent rate paid by these bonds 'during July of this year can be contrasted with the 12-14 percent interest rate paid by the six-month, thousand dollar money market fund that I de scribed in an earlier column. —Renders aro urged to send their questions to this newspaper or to the author at Wheat, First Secur ities, 500 Northwestern Bank Building, Charlotte, N.C. 28202, or C call (collect) 704-377-2522. lT74Chev. W Ten Pickup, acyl., st. drive. $2995 imChev.Veta.V4, st. drive, elum. wheels. $2295 Itll Pontiac Firebird Whitt, auto, A-C, wheels. MtB 1M0Chav.Citation. 4tpd.,AC.atone.I..""""". $4488 IttS Chav. Chevette. St. drlva. low miles, gold... $3788 l*tS Mazda OLC. St. drlva, low miles, white......... $4788 1777 Olds Cutlass Cpa. Auto, A-C, PS, Vlnly root. $3788 1777 Quick Regal Limited Cpa. Loaded. $5988 1777 Chav Mama cans Litttoe. Auto, a-C; sunreel™—. I Tat Part Vi Tea Pickup, acyl., tt. drlva, camper top... 1771 Ford Courier Pickup. 1781 Mazda asm Pickup. Camper top.,. , Dir. No. 3476^—————— Penny Pitch Children’s Fund To Benefit Memorial’s Neonatal Unit For the fourth consecutive year, the Board ormreetors oTthe WBT WBCY Penny Pitch Children’s Fund have voted to provide money to purchase specialized equipment for the regional Neonatal Intensive Care Unit at Charlotte Memorial Hospital and Medical Center. This year, the hospital will receive a check for )13;8S0 to buy one neonatal respirator and two ' respiratory monitors. Present ation of the check to Charlotte Memorial Hospital and Medical Center will be made Friday, July 30, at 10 a.m. in the hospital's executive dining room. Present ations will also be made at that lime by Penny Pitch officials lu representatives of Gaston, Cabar rus and Union Memorial hospit als. This year’s gift brings to more than $30,000 the amount given by the Children’s Fund to Charlotte Memorial’s Neonatal Intensive Care Unit over the past four years. The Neonatal Intensive Care - Unit at Charlotte Memorial Hos pital and Medical Center is one of ten around the state (and the only one in this area) offering care for high-risk babies under North Carolina's Regionalized Perinatal Program. The Neonatal Unit is staffed by two neonatologists, 75 nurses, as wen as respiratory therapists, and house physicians. The new unit, opened in 1980, has a capacity of 35 infants. Keep Well Informed On What’s Happening. The Charlotte Post! In 1981, more than 600 infants 'were cared for In Charlotte Mc morial Hospital and Medical Center’s Neonatal Intensive Care Unit. Please plan to attend the pre sentation ceremony Friday morn ing. A tour of the Neonatal In tensive Care Unit will be avail able immediately afterward. Coupon Must Accompany Order* 50% OFF DISCOUNT —-ALLLOCATIONS Expires 8-14-82 QpfYJWYrpYrTQ SHIRTS T9* SHIRTS 75‘ (Some day service) J4 hi. Mmct with denning MIN. DRY CLEANING ORDER MUST BE 16.00 AFTER DISCOUNT APPUED ~~ SPECIAL---— SHIRTS AftA Only At Profe»ionalty Don* We/ y eQ. Freedom Mall with ‘5.00 Cleaning Order - 24 Hr. Service & S. Blvd Loupon Must Accompany Order Cooper’s Boutique Congratulates The Charlotte Post For Its Community Concern For 8 Years_ much luck in the future from Mooris Cooper & Staff “The boutique for the finest lady” 2123 Beatties Fd. Rd1 *393-9272 B.C. Wigs Formerly Pomsoa's Wigs ARE YOU TIRED OF THAT SAME HAIRSTYLE DAY AFTER DAY? DOES YOUR HAIR SEEM TO HAVE A MIND OF ITS OWN? If the answer to BotfT oiTthe above questions Is yes, you are one of a few people who haven’t visited the friendly staff at B.C. Wigs Shop. We specialize in blending your hair and wig to give you that natural loofc-— FREE styling with the purchase of any wig in the store. Restyling Wig Service Available 203 E. Trade St, Charlotte, NC Special Dtecoliitts6 333-8254
The Charlotte Post (Charlotte, N.C.)
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Aug. 5, 1982, edition 1
19
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