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Cedar Rapids Gazette Newspaper Archive: January 4, 1974 - Page 10

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Publication: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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   Cedar Rapids Gazette (Newspaper) - January 4, 1974, Cedar Rapids, Iowa                                10 The Cedar Kapids Gazelle: Kri.. Jan. 4, 1971 The Investor's Guide request is for some ideas the company? I know what it costs to retire. It would jnothing of it except that it is in be foolhardly to offer any cific budget since many retired; A_wto, sorl ,oolisllness b folks have shown unusual ability in adapting to a wide range of this? You know nothing of the budgets. .company except that it is in- However, for what they arejvolved in some SEC troubles. (I worth, here are some never heard of the com- presented recently by Ihe Na- pany.) tional Consumer Finance Asfo-, you live in a stale where at 'least four companies just tak- Sam Shulsky By Sam Shulsky are. members, of a small club with available for investment now and will have additional every month. One faction in the club wants to put the money into 4- year savings certificates. The other wants to put it into some utility slock yielding 8.i per- cent. a bit puzzled as to.----------------- whether this is an investmentjto pool money in search of capi-! Reporting on a study by popular names which come club or one some special .......________ just happening to have open a savings account, its treasury. If the latter if The utmty stock yOH-re con. the money is intended to be sidering is'a reiatjveiy sober, available for some project jncome-type investment. I would then, obviously, it must be keptithink an 100 percent safe in insured would step more bodiy posits, government bonds, etc. i in searci, of gajn. If it is an investment clubj Ins is an mvestmentito pool monev hi search of capi- on a suiu.v uy iin.-.ius lumra mum mure e formed to carry outjuil gains in' search of growth. U.S. Bureau of Labor Statistics. readily to hand are household ial social project and i Certainly one does't need a club the association points out that words and have tnple-A bonds (which I would assume from the fact you will have addi- tional for investment every month) then I don't understand at all the vote for a savings ac- count. Why assume all the book- keeping and tax red tape which goes with a mutual fund merely to put money into insured sav- ings? Each individual member can bank his own money and An investment club, as I un- derstand it, is organized to give each member the benefit of the others' financial knowledge and] Can I want to donate to a school in the form of H bonds with the interest to be given each year to a deserving stu- dent. Can 1 do this without a the cost of housing (including furnishings and operations) and outstanding: Cincinnati Gas and Electric, Cleveland Electric lllu- food made up 66 percent of ex- initiating, Cincinnati and Subur penditures in an average, inter- mediate-level, annual budget for! an urban retired couple. The in- termediate retirement budget for a couple of 65 was figured at ban liell Telephone, Ohio Bell Telephone. (You must buy something from at least one of them.) All are yielding around the 8 percent level. And yet you The lower level budget go looking for of 1 percent thc'more more a year on i from a company you you buy anything with this money, better consult with the school's treasurer so as to make certain that the was figured as and higher level, In dollars, the intenneriiateiknow nothing about except that level budget broke it is in trouble with the SEC. down to for food; Shame on you. for housing; tation; clothing and per- sonal care; medical care money be invested in and the balance for other items including token income taxes. Mr. Shulskv welcomes written 'Ide but he will be able to provide only through the column. For information on retirement, and pre-retirement plan- nino, please include a self addressed, stamped envelope. Actfress your requests I envelc Shulsk' .V. "care of The Gazette. avoid all this record-keeping. form that creates the least legal problems for the school as well as for yourself. Retire? A frequent been approached buy local loan company bonds yielding about KV- per- 10 YEARS AGO A record to n u in b e r of people flooded cent. vou tell me through the Berlin wall as the deadline neared on visits to rel- atives in1 the East sector. SYLVANIA color set ever, the amazing Sylvania Now you can save on Sylvania GT-Matic, the color TV that comes with a key. Four handsome furniture styles to choose from: Contemporary, Early American, Mediterranean and Classic, each with these outstanding features big 25" diagonal screen, super-sharp ChroMatrix II picture tube, and 100% solid-state GT-100'M chassis, the ultimate in solid-state performance and reliability. Now Only with trade SYLVANIA GT-MATIC COLOR TELEVISION ONE-YEAR WARRANTY For the original retail purchaser, the authorized Sylvania dealer from whom you purchased your set or an authorized Sylvania Service Contractor will repair or replace any part which fails under normal use within one (1) year from date of purchase. The color picture tube is covered for two (2) years from date of purchase. After one year from date of purchase, you pay for labor and service. You must deliver for service and pick up non-console products. This warranty d.oes not cover set installation, adjustments of controls or antenna systems. GTE ACE Electronics INC. 6181stAve.NW 364-2370 Gmther's TV, APPLIANCE FURNITURE South TV SALES TV AND RADIO East Post Rd. 4th a time to remember! FOR TUES. MUST BE IN BY PM MOD. Yes beginning with the Tuesday, Jan. 8th edition of the Gazette all single column want ads for that day must be called in before P.M. on Monday, Jan. 7th. P.M. each weekday thereafter (except for Sunday and Monday editions) is the very latest a single column want ad is acceptable for the following day's newspaper. Deadlines for Sunday's big action classified section is 11 A.M. Saturday. For Monday please have your order placed by A.M. Saturday. CLIP AND TUESDAY "N WEDNESDAY I THURSDAY FRIDAY Single Column... PM Day Preceding Publication Multi-Column AM Day Preceding Publication SUNDAY......Single Column... AM Saturday Multi-Column AM Friday MONDAY Single Column... AM Saturday Multi-Column 11100 AM Friday CORRECTIONS AND CANCELLATIONS for Single Column Advertisements can be made from to AM day of publication. (11 AM Saturday for Sunday) Want Ad Dept. Closed at 12 Noon Saturday and All Day Sunday CEDAR RAPIDS DIAL 398-8234 8 to 5 Mon. Thru Frl. 8'til Noon Sat.   

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