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Cedar Rapids Gazette: Friday, March 22, 1974 - Page 9

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   Cedar Rapids Gazette (Newspaper) - March 22, 1974, Cedar Rapids, Iowa                                The Investor's Guide By Sam Shulsky Q I'm a stude who accumulated throug summer Jobs. I began Iradb stocks in 1969. By 1973 I wa down to about {800. I've now p this money Into an A-rated uti ty stock yielding 6.7 pcrecn and hope that an annual mark appreciation of 3 percent w give mo a better than 9 percen total improvement every yea Would you say that a dividen reinvestment plan is a goot safe alternative to more aggrcs sivo growth stock investing? A On average, It certainl has been over the last fe years, although I hesitate to e dorse it as the best policy fo young investors for generation to come. Utility stocks almost b definition are not the mo aggressive of growth stocks, a recent history bears out only to well. And even taking the longe viewj you can see that a regu lated industry can't very we double its earnings overnigh All we know for certain is tha utility dividend yields recent! have been just about the highes on record. Since you are mos likely not subject to heavy in come taxes we can assume tha pretty much all that 6.7 percen dividend is available for re-in vestment which is not a ba deal. For a person in a high in come tax bracket, this rout might not be too rewarding. Let's just say that you are er ring on the side of caution which, for a 20-year-old, i rather refreshing. By all means continue wit WIN AT BRIDGE By Oswald James Jacoby In spite of all the violen crime we read about today, th holdup at the bridge table is no only perfectly legal, but it ha the approval of all successfu players.. South analyzes ;the opemX lead and notes that-West has let the danger suit. Any other open ing would have given South tune NORTH 22 t842 4 Q1072 AK104 WEST EAST 4106532 VQJ1097 V65 853 76 SOUTH (D) YAK3 KJ64 J95 Neither vulnerable West North East South 1N.T. Pass 3N.T. Pass Pass Pass Opening lead-YQ to knock out both enemy aces and make sure of scoring ai least nine tricks. As it is the defense can set up heart win- ners against him. South can knock out the dia- mond ace and come to nine tricks with a successful club finesse, but he sees a much bet- ter play. He can make his con- tract if hearts break 4-3 in which case he will lose just two hearts and two aces or he can make it against any heart divi- sion unless 'both aces are in the hand with the long hearts. Therefore, South should lei West hold that first trick. West can do no better than continue the suit. South wins and then goes after diamonds. East takes his ace and can't find a heart to lead back and South has time to knock out the ace of spades, Eventually South tries the club finesse in an effort to score an overtrick. U2JU The bidding has been: 22 West North East South Pass 2f Pass Pass 3N.T. U Pass 2T Pass 3Y Pass You, South, hold: What do you do now? Take your choice between past and four diamonds. Either ac- tion may turn out to he the wlnr ner. TODAY'S QUESTION You elect to bid four diamonds and your partner bids four hearts, What do you do now? Answer Sunday this dividend re-Investment pro- gram. It is an excellent way to accumulate any stock on a dol- lar averaging basis another cautious approach. However, don't make this pro- gram (fie be-all and end-all of your investment career. It's okay to keep building this utility holding via dividend re-invest- ment, but you still have to come to grips with a more aggressive approach in securities far more speculative than, the one you now own. Every young man who intends to invest in equities must take some chances in the stock market even though they may cost him money if only for their character-building value. Your experiences have evidently pushed you too far right, into the conservative ranks. Come back toward the center a bit. Finally, let's put that 9 per- cent annual improvement figure in its proper perspective. It's true that 9 percent is about the average rate at which common share investors improved" their portfolio over a 50-60 years period (adding annual dividends to annual average capital However, a young juilding his fortune is not in the same position as a power boat contender in a measured course contest. You are not trying to achieve any fixed, average rate Sam Sbulslty of progress. In a sense, you're going for broke at least while you're still young enough to lake losses in stride. Time enough to think of 9 per- cent a year when you arc 30-40 years older. Q I'm 36, with about a month to invest, but feel 1 haven't the tune to securi- ties. Should I go into a mutual? A You've answered your own question. If you don't have time to cultivate your garden, hire a gardener. Q Is it true that when an exchange -listed corporation splits its stock, the price drops automatically? A Any stock (listed, or over the counter) will automatically drop sufficiently to compensate for a stock split. If a stock is split 2 for 1, the stock will trade around ?25 after the split. If a stick is split 3 for 1, the stock will trade for after the split becomes effective. just sold some real estate. At 53, am I too old to in- vest in common stocks? And if I should, in what stocks? A Anyone still at work, with years to go to retirement and interested Jii building capl  Congo and Middle East forces and hint- ed' than any challenge to its General Assembly vote on tha account might break up the U N. The> Cedar Kaplds Curette: Frl., Mar. 22, 1974 For the Finest' In Paints___ Killiaris Garden Shop Opens Saturday, March 23rd! LAWN-BOY MOWERS Quick and quiet Lawn-Boy engine. Finger- tip starting. Lightweight Magndlite deck for easy handling. Quiet under-the-deck muffler. Snapon grass bag. Patented safety features. Year warranty. 21 "size. 114.95 8229 Same famous patented safety fea- tures as mentioned above. Self-propelled 21" mower. 149.95 TORO "WHIRLWIND" MOWERS This specially priced "Whirlwind" mower has 3.5 horsepower. Available only while inventories last! It has all and safety features that make this a special Toro! 21" size. RED TAG SPEICAL Regularly 159.95 139.95 16073 is the 19" Toro "Whirlwind" that's hand push style. Has fiiigertip.stdrting. 109.95 is the Toro "Whirlwind" that's 21" in size. Hand push mower fingertip starting. 129.95 'Safety Shield1 helps protect housing vacuums lawns RAKE-O-MATIC Converts your rotary lawnmower in minutes to a power rake and thatcher. Removes dead grasses, lets lawn breathe. Mulches leaves saves back breaking labor. Eliminates costly power rake ren- tals. 1.99 Scotls Special Ihtu April SCOTTS TURF BUILDER the favorite fertilizer for developing thick, green lawns. It feeds lawn slowly. square feet. Was 15.95 ......................................Now less 2.00 Covers square feet. Was 10.95 ......................................Now less 1.00 SCOnS NEW SUPER TURF BUILDER... better than" ever for quick greening. This fertilizer is long lasting. Covers square feet per box Regularly 6.95. 1 Box, 75e Off 2 Boxes, 1.50 Off 3 boxes Off SCOTTS HALTS PLUS EARLY BIRD SPECIAL Receive a 2.50 refund on this crabgrass prevenlalivel Now thru May 15 mail in the product name to Scotts. square foot coverage .................16.95 SUNBEAM CORDLESS GRASS SHEARS Heavy duly but lightweight cordless shear guts tho job done with Ijlllo offortl No-slick coaled blades. Safety lock feature, Hangs on wall, Complete with recharging unit. Model 14.88 ZGT3 Handle and Wheels 6.99 Downitulrs Store and Undalo Plain Ilians Carpet Warehouse Sale (located at 1 it Street and 5th Avenue S.E. next to Central Fire Station) 6 Hours Only Saturday AM TO PM Save up to 50% Part Rolls-Full Rolls-Remnants at a Savings of 50% Room selling from 38.00 to 108.00. ALL SALES FINAL! SO, so- so- so- SP- so-   

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