Thursday, February 29, 1968
KINGS MOUNTAIN HERALD. KINGS MOUNTAIN, N. C.
'$ INVESTOR
BY THOMAS E. O MAHA
Chairman* Board of Truataaa
National Aaaociation of Invaitment Clufaa
Q. All our money is in sav-
.'.igs and loan aceounts, lull we
don’t feel this is a good hedge
against inflation. Whal pereent-
ngp of our investments would you
recommend that we pul in
stocks? We would need to get li
per cent o better for living ex-|
ipenses. What stocks would del
solid and yet meet our needs inj
dividends?
U|) on. 'I'he past is no guarantee,
hut il ran give you an indication
of wlKil tnighi lie expeeleil in the
future.
to buy a car and the dealer quot
ed you a price of or $1,000
more than you knew was the list
price, you'll laugh in his face. '
Hut all loo frequently people
read or hear a lot ahout a cel-
liiin stock, s(‘e il selling at its
highest price in history, and in
sist upon buying il apparently
on the theory that the price will
keep going up ’and up forever.
This isn’t necessarily so.
The same can bo true in stocks.;
It is quite often possible to buyi
at a bargain a stock that shows|
all the qualities of another stock
except its “glamour" and there
fore its high price. While we
can’t say an over-priced stock
won’t still .sell at a higher price,
the investor who insists upon a
bargain u.sually winds up a weal-'
thy man.
Nations Serving At Saigon Post
' SAIGON, VIETNAM (AHTNC)
Army Specialist Four Horace G..
Nations, 24, son of Mr. and M s.|
Homer L. Nations, 2902 Goble
St., Gastonia, N. C., took part in
the fierce ifighting during the re
cent Viet Cong attacks on Sai
gon, Vietnam.
You're right that siivlng.s and
loan shares tlon'l give you a
hedge against inflation, sinci'
your prineip.'d is pegged at a set
amount, as is your interest.
Let’s go back to our ear-pur
chase analogy: a smart buyer
hioks. around for the best deal he
can get. Often he fimls he can
get basically the same car from
another dealer for $1.50 less than
the first dealer he talkeel with
would accept.
Have you a question about in-;
vesting? Mr. O’Hara, editor of
the monthly magazine, “Better
Investing", and one of the na-i
lion's recognized authorities, will'
answer as many as possible in
his column, hut must limit ques
tions to those of more general
interest. Correspondents will re-
The soldier is a military police
man in the 716th Military Police
Battalion’s 527th Military Police
Company.
He and his comrades fought by|
the side of South Vietnamesej
Army elements in suppressing
the communist onslaught. Al
though his unit suffered nu.m-
erous casualties, not one of the
positions it defeniled was over
run by the enemy.
His wife, Linda, lives in Hesse
mer fity, N. C.
SUBSCRIBE TO THE HERALD'
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celve a free copy of “Better In
vesting." Write to T. E. O’Hara,
National Association of Invest
ment Clubs, Dept. S, Box 1056,
Detroit, Mich. 48231.
In thi.s computer age. informa
tion retrieval by teletypewriter
has increasingly made com|i'.iter
facilities available to students in
many schools, riiis application is
becoming an important one In ad
vanced technological study and
research.
Dr. Theodore Chester Paige
OPTOMETRIST
Morrison BuBS-iing, S&uth Battleground Avenue
i;yk.s i-:x.-\ml\ed by appoin tmknt
Office 73C-2277 Home 435-9240
12:2 Ifn,
Gi
Ci
The
•pei
lOD
Nur
Nur
Mot
VO
A. It you have social seiurily
and have medicare insurance cov-i
erage that will adequately lakci
rare of any illness or hospital
bills you might have, then I sirr-
gest that you might considci lo-
vesting a half to two-thirds of
your funds in goixl <|uality in
dustrial companies.
There is no such thing a.s a
••solid stock." at least in the .sense
3t giving you an absolute guai-
antee that it will incrca.se in
JpriTO and pay consistently high
Idlvidends. Stock prices are hound
1^ fluctuate; but most major
^mpanies pay pretty regular
S «olvldend.s. and dividend record.'
re something that you can chccl-
Pulling your mo icy into com
mon stocks might not result in
my immediate iiicic.isi' m yo..
income over wlril ymt now ri •
reive in intcic.st horn your sat
ings and loa'i nrcomits. In fact il
.vill likclv tic Ic'S. However, you
would have the possibility of
;aining lioth llirougli the cven-
u;il inrrease in v.'iluc of your
h ires and the ilividciuls they
iny. thus offsetting Hie effects
if inflation.
YES
Having A
Wedding?
Call
Paul Lemmons
Phone 487-4.502
Photographer
tj. In the I i-st I'ouplc of yi'ar.s
hate liou.ht Ili.M. (’ompiitcr
'.cicnccs, Xerox .md tPow C’liom-
■al. A friend who rc'ids your
•olnmn regularly says you
vouldn'l .iiiiu'ovc. U'liv'.’
A. The only ictismi I ran
hink he would say Unit is he-
•a sc all of the comiianics you
'.avc listed arc .s'dling al, o’
lose to. their all-lime hi.chs and
11 of them ire sidlimg al quite
ligh price earnings ratios.
They arc all good gi'oulh com-
i:inies. However. I always get a
dtle wary when l rice earnings
atios seem to me to be too high.
Il is an intere.sling but iinfot-
ainate faet of li’.e that people
end to do Hie oiiposile m invest-
iuo to whal they do in o’her bus
iness dealings. If you went out
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y
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