'•I##’ '
TKursday, Novtrnfar TO,
KINGS MOCTNTAIN HERALD, KINGS MOUNTAIN;:K C.
SECTION B
BY THOMAS E. O’HARA
Clialnnan, Board of Truataaa
Natientl Aaaoclatlon of Invaatwant Cluba
By THOMAS E. O’HARA
Chairmalii Board of Trustees
National Association of ,
Investment Qubs
Q. My two sisters iuid I will
soon inherit $10,000. We do not
P»t 'em
on the
Beck!
onnlisr cubs
need this money at present and
thought perhaps that leaving the
$10,000 intact, we , would do het-ipur former country we saw peo-
' growth of income You can do
. tMs in real estate, of course —
if you know real estate investing
I or you have a good adviser.'
However, right now, the stock
of many of our best oil, public
utility am^ industrial companies
can be bought at bargain prices.
This is something I would not
ignore.
Q. My wife and I came to the
united States eight years ago. In
ter investing it together We al
ready have a mutual iund'whldh
Is holding its own well. I am
leery of buying stocks, would like
to buy land. But then we would
have the problem of paying taxes.
We want to do something besides
buying bonds or letting the
money sit in the bank. What do
you suggest?
A. With three p^le involved,
your first probleni iR tb get all
three to agree on . thp way the
money is to be invested. If you
find you have . different ideas.
pie work hard all their lives to
save some money and in'a few
do .this.depends on its location
and its potential use. Maybe you
banker or a real estate man car
give you an idea of what .h
thinks the land will be worth ter
years from now.
The fund you mentioned !
your letter is managed quite dif
ferently from the majority o
mutual funds, since, it engages
in a great deal of buying and
selling of securities and is, in ef
fect, a mutual fund trading ac
count. Its record has been quit*’
sens^ional, in that $1,000 invest
ed in it when it was organized ir
Herald Want Ads Get Results
^ — ir
few weeks. We will retire in 20
years, have our house paid for,
plus a piece of land valued at
$4,000 and $3,000 in savings. A
broker is urging us to sell the
land arid invest in a mutual fund.
Can you advise us?
A I am in no position to advise
you about selling the land since
I know nothing about it. How
ever, I would like to suggest sev.
then I think you' had better di- oral things for you to think about
vide the money"arid let each ouejin helping you to arrive at a de-
handle if as she I cteion. - •
Inflation being;‘the threat it is,' Through our history both land
I think it^ls important for you to and stocks have been a good way
invest in , such a way that you | of keeping pace with the inflation
have, an opportunity for,apprecia-i that has taken place in our coun-
ti'on ■ of ^principal t as 'wOll as try. The ability of your land to
.CLIP arid PAST! an a U.S. Postal Card
From time to time, a person should check his social security record,
say ofOcialB of the Social Security Administration. This is especially
importent if you have changed employers often.
You" can get a statement of the earnings credited to your social
security record by using the handy coupon below. Simply clip this !
coupon, paste it firmly on a postal card, and mail it to this newspaper.
Attention:, Social Security Editor. f '
" In filling out the card, be riure to give your social security number
and name exactly as they appear Pn your social security card.
tEQUESTFOR
STATEMmr
OF EARNINGS
sEOJvnr
NUMBER H
date or
MRTHaM
MONTH
DAY
year
Hmw (end a statement of the amount of earnings Recorded in my social security account to;
{i
NAMB
'SUSS
' Mas.1
sniRrAHUMaa.
OTY a STATE
SKtN YOUR NAME AS
YOU USUAUY WRfft IT ;
your ***" name only. Under the law, information in your social security record is
confKiciitial and anyone who signs someone eise's-name can oe prosecuted.
If your name has been changed from that shown'on'your social security account number
card, please copy your name below exactly as it appears OB that card.
Wh^ Cheek PeHhdieMy
■ ‘ 'f ; - —.iii.
Tt you have' Wijrked' lorij^
tovgh under the social secu-
ene
riiy law, j^ou and your de
pendents oan get monthly
social security insurance ben
efit* when' you retire or if
you should become disabled.
Monthly benefits can also be
^id to certain members of
yOur family when jrou die.
These benefits will depend
on .^he earnings credited to
yonr social security retard.
, To check on ‘ your social
security record, clip the
coupon above, paste it firmly
to a postal Card, and mail it
to this newspa^, Attention:
Social Security Editor.
Your coupon will be for
warded to social security’s
recordkeeping headquarters
in Balt^ore, Md. you will
receive, a confidential state
ment of the earnings credited
to your record.
NOTE TO THE EDITOR: To assure speedy handling of requests, do not
change siise rif coupon
OASl><te (July 1966) . r '
U.S. D«partm«nt of Health, Education, and Welfare
Soeial S^urity Administration
1965 have been worth $10.02^
There is, of course, no guarantee
that this kind of performance w”
be continued.
I suggest that you get Arthu
Wiesenberger’s book, "Invest
ment Companies," from your lo
cal library. It gives the record'
of all major mutual funds and
should help you ake a wise deci
sion.
Q. I am a widower, recently re
tired, with sufficient income to
live-on. What should I do with
Too shares of Mon^rito Chiernicai
CompEUiy stock I have bought
over the years on an option plan?
A. I certainly see no need for
you to dispose of the stock. In the
last 10 years Monsanto has in
creased its sales and earnings per
share at the rate of about 9 per
cent a year. This is an excellent
record. Because of this, and the
fact that you say you don’t need
the money, I think you should
hold onto it. It would seem to
have a good chance of becoming
more valuable.
Q. I have $63,000 invested as
follows: $17,000 in a mutual
fund; $6,000 in a financial firm
paying $315 a year and $40,000 -in
savings-and-loan deposits, paying
about 51-2 percent. In addition I
receive $99.60 a month in . social
secqriliy. In all, my income is
about $300 a month I am a wid
ow, 66 and have no children or
relatives. It seems that I should
have a higher monthly income
without’taking chances. Can you
suggest how?
. A. From the information you
provide, I calculate that you
should have about $300 a month
coming in, exclusive of any pay
ments from your mutual fund.
The fund in question offers a
monthly withdrawal plan, and,
jiudging from the company’s past
record and the amount of. your
investmeint, you should be able
to arrange for monthly payments
of $100 to $125. Assuming the
fund’s earnings continue as they
have In the past, you should be
able to draw this amount each
month without any long-term im-
pairroent ,of, your. capital,, thius
giving yourself more than $400
a month income from all aourc-
es. '■
.. Q. 'f have $16,000. hi savings and
loan companies, paying 4 1-2 per
0 6 0^: compounded quarterly.
Could I invest this in some mu
tual funds or in some shares of
General Hotors or A. T & T. and
get better returns with reason
able safety?
A. At the trine I am answering
your letter, you could buy Gen
eral Motors at about $73 a share
and American Telephone & Tele
graph at $50. The regular divi
dend, without extras, on General
Motors is $3.40 a share. This
would give you a return of about
4.6 per cent on your money.
TTie regular dividend on A. T.
WINS BRONZE STAS — OSAF Pint Lt. Leary L. Dovis of Bes-
Remer City, right locBiVB the Brona* Star Medal from Lt. CoL
Gtoig* RMt Th* Barrkinan wos decorated for meritorious
llS.vLa dgoiiiit inil OoiiR IBWBb. Phote)r
Davis
FANAMA CrTYK ria. U- 'S-
Alt Force First l^jeutehtfrtt'tLarTy.
L. Davis (lightl of-'-BeffleTTier
City/ N C.,; re«;p4Ves > the iBrtkse
Star Medal at ’lyridsdl AB®,,Fla.»
for meritorious sqi^qq whjle cn-
ga^d in -milifary -ojieratipns
agairiat Viet Cpng • fof‘ce6>
Lieutenant Davis,' wh^ mo-’
ther, Mrs. Pquljnri Hafwelh lives
qn Rt 1, Bcsspmer^GltY, ■was dep-,
oiraled for his serv-,
ing- as a weaporilf -controller ati
Taih:Son Nhut AB, '
is now
as ri , member of thet-^.d -Deiehse
Cornmand wfilch-is. fnri Air Forep
component of the U. S.-Canadian
Nbrth American Air Defense
Command protecting the conti-
•nWt.
The lieutenant was commis
sioned in 1963 upon completion of
Officer Training School at Lack
land AFB, Tex Lieutenant Da
vis, a grauate of Bessemer City
High School, received his A. B.
degree in business administration
from Belmont Abbey College,
Bpimont, N. C.
Lieutenant Colonel George R.
Root,, commander of the 3625th
■Taohnlcal Training Squadron, of
Tyndall, makes the presentation.
naiit your ftiBt way apart aad aaa imw staady yau faal.
4't is $220 a sbArii .At 11^
rerit price of $50i thii »^d give
you a,:rcturri 6t'44 per , i
From the-past.'•record of tlie^
Companies, it wbulid <: seeiri... thrit
you could reasonalily epunt pri re
ceiving those dividends each year.
Actually, last year GM ppid $523
a..share, Including exrtras; in tfie
Ipst 10 years ’ the dividend has
growTi from $2 to $5.^ per ahare,.
In case of A. T- & T., the,divi
dend ’.in the last lO j^ars haa.
grpwn froiri $150 ,to : $220 per
share. Assuming thejse comipanies
continue tq perform as- tjjiey have
in the past, your opportunity for
a growing inqpme pliua grawlrig
value of your investment in
either of them would seem a rea-
i^onable possibility. ,TWri'e are al
most certain to be times, how
ever, when 4he--price -that .either
of these stocks will, sell at, will
drdp 'sh^i^ly; Jf .you. were forced
to during suctejM pi^od, you
rrilgfht riJtur a I0SS.T • '
Q. We rent the farm on which
we nbW’live.i We .have $7,000 in
a savings account. Would we be
Wise tQ invest our mondy in an
other faiiri, or can you s'uggest
another investment that would
be better for us? Our machinery
is clear of debt. .
A. Since farming is out of my
line, I’m afraid my advice would
not be worth much to you. I sug
gest that you talk with bankers
and top-grade farm real estate
men in your area and get the ad
vantage of their thinking
You and I are both aware, of
course, that buying a farm large
enough to provide a good income
is an expensive proposition, and
your $7,000 wouldn’t go far in
the purchase of an adequate one.
If, however, you have had rea
sonable success in operating your
rented farm and if your age and
health indicates you have a num
ber of years ahead of you to
work the farm, then certainly
owning yoiur own farm would be
advantageous. Certainly with the
world’s growing need for food,
the future In farming seems ex
cellent.
It’s easy to start an invest
ment club. The N. A. I. C. lia.s
literature that smooths the way
for you. For a free .copy of the
booklet, "An Educational and In-
ve.stment Opportunity for You,"
write to T. E, O’Hara, National
Association of Investment Club.s.
Dept. S., 'Box 1056, Detroit, Michi
gan. 48231.
, ’TTte upper intestines are about,
2^ |eet long while the lower are 1
5% feet in length. I
lt*s good to got hoinOa««
after a day of hard work or hard play. And it’s
pleasant to relax with cool, refreshing beer. In
fact, 65% of all the beer produced in this country
is enjoyed at home. It cheers your taste as it re
news your zest. So, make yourself at home ...
with beer.
UNITED STATES BREWERS ASSOCIATION, INC.
Branch Bank and Trust Company Building
Suite 903,
Raleigh, North Carolina
for the
bank-safe
best in
savings!
N
59'-
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Plica indues Fadarw! E»cis* ftr and suggastad
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9"
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MAXIMUM INTEREST
SAVINGS BONDS
(A) A three-month bond renewable
at same'rate up to two years.
(B) Interest payable every three
months. (C) Bonds available in
amounts of $1,000 or more.
(D) Earn from date of purchase.
C. E. WARLICK
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110 W. Bkomitain St.
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DAILY INTEREST PREMIUM
PASSBOOK SAVINGS
(A) Interest corppounded 4 times
a year. (B) Make an initial deposit
of $500 or more. (C) Add to this
deposit any time in any amount
(D) Withdrawals may made on
90 days written notice. (D You
earn from day of deposit
FIRST-
CITIZENS
BANK
R^lar savings .accounts earn 4% maxirnum Daily Interest compfiuRdl^
monthly. No*withdrawal notice necessary. Bond funds, as well as iRguiit
savings, are insured by The Federal Deposit Insurance Corporation, ,, ^
: ' -i J