Newspapers / The Kings Mountain Herald … / Sept. 28, 1967, edition 1 / Page 10
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Chairman, Board of Truateaa National Aaaocfation of Investment Club* Q. I am retired, have an in come of $6,000 a year. I'd like your advice on how to increase it. I have $10,000 in 6 3/8 per cent bonds, 35 bank share.4, 200 shares of Arvin Industries, 200 shares of a mutual fund and $70,000 in certificates of deposit in banks. A. It looks to me like about half your income may be coming from the $70,000 in Certificates of Deposits. I’d guess your re turn is about 5%. It would be hard to increase your income without increasing your risk quite a bit. I would, however, talk with your broker and see if he can suggest any bonds which might give you a higher return or some Convertible Preferreds that would do the same thing. I’d also take a look at those 200 shares in your unnames Mu-' tual Fund. It’s possible that money could be shifted into a good security that would give you a higher rate of return. Q. We are in our 70s, living on a pension. We have $6,000 in savings and will receive $8,000 from the sale of property. My husband wants to igive $1,000 toj each of our five children. I don’t see why we should give the mon ey to them now. A. I don’t either. You’ll be more independent, and feel more Independent If you have $14,000 in savings. That $5,000 should bring you $16 or $17 a month to allow you some small luxuries. You've indicated no need on the part of your children. Your chil dren will likely enjoy much more j&elng the sep.se of security and Independence this money gives ou, and when it eventually Comes to them they will enjoy it nuch more when they are se- i cure in the knowledge that it^ first served the purpose of tak ing oare of their father and mother. Q. I am a doctor and am about to retire. I’m considering invest ing in a mutual fund, but don’t know what would be a good one. I don’t know the difference be tween “load” and “no-load” funds and am concerned about the in vestigation of their commission fees by the federal government. Can you give me somp advice? | A. Mutual funds offer a good way for investing to people who I feel they lack the knowledge and judgment to make good selee-i tions of stocks themselves. As to what would be good \ ones, I suggest you check Arthur! Wiesenberger’s book, “Investment i Companies,’’ at your local library. I This will give you an idea of j what fund would be best to meet your needs. I make it a policy not to recommend specific mu tual funds. The difference between the "load” and "no-load” funds is that the “load” funds charge a; sales commission of up to 8% per j cent. The “no-load” funds charge no such commission. Both types of funds have an! administrative fee usually charg ed on the total value of the fund j and likely to be in the area of! Vz % per year of that value. The load funds are particularly under government investigation. There is a feeling in some quar ters that their sales charge, be ing the highest for any kind of stock sale, other than for the new issues of stocks, has pro duced an excessive amount of sales effort. * * * Have you a question about in vesting? Mr. O’Hara, editor of the monthly magazine, "Better Investing”, and one Of the na tion’s recognized authorities, will answer as many as possible in his column or by personal mail, but must limit questions to those of more general interest. Corres pondents will receive a free copy of “Better Investing”. Write to T. E. O’Hara, National Associa SWEETIE PIE '/veJeifZG^ I _1! 'It's a lemon pie! Those ore the lemons!" tion of Investment Clubs, Dept S, Box 1056, Detroit, Michigan 48231. A Complete Line Of Office Supplies & Equipment Desks, Chairs, Files, Etc. Kings Mountain Office Supply & Equipment Co., Inc. Closed Saturdays 739-4501 Stewart Heads Demolay Order Keith Stewart as Master Coun cilor will head the Kings Moun tain chapter order of Demolay this year. Also elected and in stalled at the chapter meeting on September 21 were Senior Councilor Stan Yarbro and Jun ior Councilor Mike Hoyle. Other new officers include Steve Crosby, Sentinel; Stan Laughter, Senior Deacon; Jimmy Hall, Junior Deacon; Joe Cham pion, Marshall; and Pat Cheshire, Chaplain. Stewards for the chapter are Wendell Bunch and Dwaine Yar-! bro. Keith Carroll, Dennis Smith, I Chuck Sparks, Mike Bennett,: Jimmy Sotelo, Paul Dunn, and Rick Grahl are the new Precep tors. Scribe-Treasurer for the year is Barry Thomas. Demolay is the international junior branch of the Masohs. Mli THE MOST UNIQUE IDEA IN SHAVING COLOGNES IS HERE! A collection of nine different fragrances imported from nine different countries to fit any man’s particular mood. Live Oak from Germany, Clear Spruce from Sweden, Royal Saddie from England, Dry Citrus from Italy, Aromatic Tabac from Brazil and others from France, Ireland, Hong Kong and Spain. Choose the one that fits your mood or mix your own unique blend. Available in collections of 2, 3, 4, 6, or 9 and individual flasks. From $5.00-$15.00. Nine Flags Shaving Colognes® BOYS fTHRU 13: IT’S TIME TO ENTER FORD DEALERS-NFL PUNT, PASS & KICK COMPETITION It’s Fun! It’s Exciting! It’s Free! HANDSOME TROPHIES FOR EVERY COMPETITION - Yon Compete On* R*h* Bo* You M So Yon Have A Cleat Chance T,ww YOU CAN WIN One o( the 1« handsome all-metal tmpUe* awarWI dad. too' .compile on the Nell in the nanTiciPATINC FORD DEALER—Take Mem w Dad Aloof... Cel Fell Do *R* BEG1STER BEGINNING SEPTEMRER 1 AT YOUR PAATICIPA1W6 TOIUI ““’“’“"•^rBAT.ON ends OCT. 0, W7 Co-Sponsored By The Kings Mountain Jaycees -----—«n-.—
The Kings Mountain Herald (Kings Mountain, N.C.)
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Sept. 28, 1967, edition 1
10
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