Newspapers / The Franklin Times (Louisburg, … / Sept. 18, 1969, edition 1 / Page 7
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How To Put Your Spending Money To Work New York (NAPS) - Small town Americans, ex-urbani tes, suburbanites and those plain city (oik all And them selves in the same enviable position these days: Their incomes are rising as our economy expands, and more of them each year are investing their "spending" money in mutual funds. . What's "spending" money? \ Dollars left over after all y\ur bills are paid is what it ls.\ Economists have a fancy nanlf for "? They call it "discfcetiohary income," but there* nothing fancy or new in the\dea that extra money should Be Put to work. That's plain hofce sense. There g??d reason why mutual fiuB^i ?f *" 'he mediums avaiiwjje for invest ment, are gettinV the nod, says the Investment Company Institute, national 1 association of the mutual funs' industry. Most people, restless of their station in lif?< simply dont or cant folio the in tricacies of the stock ynarket. For one thing, they Wo not have the proper tools\?f re" search and analysis, nun#"1"0115 sources of reliable infcirma tion, broad facilities anA?f course, the time. The sotlje times hectic world of tnje marketplace, heavy tradinK and the like are perhaps noq for average people. Many of us want the advantages of growth which common stock^ can represent, but not the responsibility that goes with making investment decisions to buy and sell individual securities. Mutual funds, with their diversity of portfolio and pro fessional management, could be an ideal compromise. The past performance of most funds has been a good one. The individual investor is also relieved of the difficult choice of choosing securities from among the thousands of publicly held companies. But somewhere between the individual's decision to invest in funds and the moment of actual purchase, lies that all important period when he begins to wonder: Where do I begin? What am I looking for in a fund? How do I decide which fund is right? To answer the last ques tion first, your choice of funds is wide open. There are well over 400 mutual funds available to the public with varying objectives and relative degrees of risk. Because of these many funds, it is always possible to choose one whose emphasis on income, main tenance of capital, growth, or probably some combination of these, closely matches your own particular invest ment objectives. Then he can narrow his choice to those funds whose investment policies corre I I As our economy expands and incomes rise, many Americans are putting their money to work ... in mutual funds. spond to his goals. For ex ample, some funds emphasize current income and are often chosen by retired people and others who want to supple ment their income from other sources. Some funds em phasize long term capital growth. Some funds are de signed for a conservative ap proach with special attention to preservation of capital. Others will take greater risks in the hope of faster growth. A few funds specialize in cer tain industries, but most in vest in companies in many industries. Once the investor has nar rowed his choice to one type of fund, he still must choose among several that will fit in that category. How can he find the fund or combination of funds that fit his particular needs? Most securities dealers sell mutual fund shares and can advise their clients atjout this kind of investment. Some mutual funds have their own sales organization, and shares of those funds can be bought directly from their salesmen. Finally, shares of some funds can be obtained by writing or telephoning directly to the funds' management offices. But in all cases a pros pectus must be given to the potential purchaser. The pur pose of a prospectus is to give the investor the facts about a fund to enable him to make an intelligent decision on whether the fund meets the purchaser's objectives. It con tains such information as the fund's investment policy, management personnel, his tory of dividends and capital gain distributions, various fi nancial statements and the like. ? Today nearly five million people own mutual fund shares. Funds got their start in this country over 40 yean ago to help those who were either not able or willing to follow the daily gyrations of the stock market. The con cept has had such widespread public acceptance that today over 4 Mi million Americans of all incomes, ages and geo graphic location own funds to the tune of $53 billion. Minj clanswomen in New Guinea believe that polka-dot make-up, shoulder scars, and pig grease enhance their ap peal to men of their tribe. National Geographic says. Others wear carmine and gold paint over facial tatoos. Widowers And Grief London - In a 9-year study of 4.486 - British widows, over 56 years of age, it has been revealed that grief can lead to death. Five of aach hundred surviving husbands dropped dead within six months. Many of the deaths resulted from heart or circu latory impairments. Small Loans Washington - The Small Business Administrations re ports it has made 4,331 loan* totaling $100.7-miUk>n to help members of minority groups get into business. The agency's minority program Operation Busines Main stream, began August 13, 1968. ? J , ( We take the fun of driving seriously. ) This is the way it's going to be. Fontiac's 70's Surprised that Pontiac's setting the style for the umpteenth straight year? Of course not. But you may be a bit dazzled to find out that Pontiac finally outdid Pontiac. Take Bonneville From the strong, new bumper grille to the standard 455 under the hood, it's a rouser. Inside instant limousine So luxurious some of the traditional big boys are already screaming One of the nicest things we could have done fpr Grand Prix's luxury was to leave it alone We did. But we popped in a 455 V-8 for you to order (It's an old Pontiac proverb that luxury should have power.) Enter LeMans Sport A brand-new series in the Pontiac stable Wait'll competition sees it pull the new 400-cubes-under the-hood trick. We'll show you that one if you check the right box on the order form. By now. you've spotted our '70 GTO. But maybe you haven't heard it A sound so tough we ve thrown modesty to.the wind and dubbed GTO "The Humbler " This is Pontiac '70 And we figure this is the way driving's going to be So why wait? It's at your Pontiap dealer's now $Bj I Pontic Mo?o? Division GM mm or OCrtKNCt Pontiat Unveils 1970 CTO And LeMans Both the 1970 Pontiac GTO ( top ) and LeMans combine sports car design and big car luxury. Both are equipped with many standard safety features including side guard door beams for added occupant protection. The ?JTO is offered in a conver tible and two-door hardtop. The LeMans is available as a two-door coupe, two-door hardtop, four-door sedan, four-door hardtop and a station wagon. All 1970 Pontiacs go on sale September 18. D&i PONTIAC - OLDS, INC. On Your Lovely New Building. We Wish You Much Success In Your New Location WADE MOORE EQUIPMENT COMPANY LOUISBURG, NORTH CAROLINA
The Franklin Times (Louisburg, N.C.)
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Sept. 18, 1969, edition 1
7
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