Cedar Rapids Gazette, April 19, 1974, Page 3

Cedar Rapids Gazette

April 19, 1974

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Issue date: Friday, April 19, 1974

Pages available: 64

Previous edition: Thursday, April 18, 1974

Next edition: Saturday, April 20, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Cedar Rapids Gazette (Newspaper) - April 19, 1974, Cedar Rapids, Iowa 2 The fodar Rapids Gazette: Fri.. Apr. 19, 1974 I he jnvestor's Iiuide By Sam Shnlsky Q. Why do yon criticize people for buying high-yield securities? What's wrong with using the high yield lo buy other securities? Why should only elderly people play it safe with income securities? I gness I criticize as many elderly people for taking chances in speculative stocks as 1 criticize young people for investing too heavily in high- yield stocks. Elderly people must play it safe (and you can argue the meaning of that word, too) by investing, for example, in high-safety, high-yield bonds and prefcrreds because 1) they need the money now and 2) they have no capita! to lose or, at least, can't replace capital if they do lose it. Younger people who don't rely on their investments for current income and are mainly concerned with building capi- tal to meet college bills 10 years hence, or retirement 25 years hence could if they chose take the "safety" route loo, but 1) if they are employed and paying 20 to 30 percent or more in taxes, how much do they have left from an 8 percent bond investment? and 2) how can they hope to build capital wjth dollar-fixed in- vestments (such as If you're asking me whether I'd rather have a 70-year-old retired couple playing around with cheap stocks or a 30-year- old couple socking all their money away in savings, treasury bills or corporate bonds, I'd clearly prefer the latter. But with.inflation running at 10 percent a year, you've got to explain to me how a young or middle-aged couple can, build capital by reinvesting 5 per- cent, or less, a year net. And if you come back with: "Yes; but common stocks haven't (lone anything for the last six to eight years, I'll agree you're right for the last six to eight years. If I were convinced that's going to be the market pattern for the next 16 to.18 or 26 to 28 years I'd say there's no use trying. But I am not convinced. Q. Thank you lor your reply to several of my ques- tions, but I'm disappointed because you didn't lell me whether or not to hold my mu- tual fund for recovery. i. You're disappointed. Think ef what it would mean to me if I really knew! Q. I'm an army officer over- seas who may soon have to buy a home stateside. We have substantial amounts now in inherited securities and about in savings. Would yo make any changes? A. Since you already a substantial stake in equit securities I'd move much o that cash into tax-exemp bonds as soon as you know ho1 much you will need for tha new house. Q. I notice a convertibl debenture with a coupon of percent is selling in the 40s That would he a yield of abou 12 percent and convertibl too. A. Yonr figures are correct, but you should know that the company has hat an erratic earnings record, am lately has shown losses; tha the bond is rated CCL (speculative) and that the common would have to rise about 900 percent before the conversion factor became interesting. Sam Shulsky The which goes into the mutual fund is, of course, a risk investment in hope o: capital gain. Mr. Shulsky welcomes written cues tions. but he will be able to provide answers onlv through the column. For information on retirement, and ore-re tirement planning, please include o self addressed, stamped envelope. Address your requests to Sam Shutskv. care o The Gazette. Q. What is the advantage of a no-load fund over a load fund? A. Simply, the no-load dies Ml have salesmen and therefore does not charge a sales commission. t Q. I have just begun a plan under which I invest a month half into an endow- ment policy and half into a mutual fund. Is this' more secure than putting the entire amount into a mutual fund? A. The endowment policy, of coarse, is an investment in fixed dollars. You know now exactly what it will produce in X years. In that .sense it is (although not pro- tected against Researcher Tells Development of Superhard Meta LOS ANGELES (UPI) A UCLA researcher announcec Thursday that he had developed the second hardest material in the world, aftei diamonds. The discovery is "easily the most startling material development in recent a UCLA spokesman said of the work by Prof. Rointan F. Bunshah, an engineering researcher. The material is called ti- tanium carbide, and it can be produced at one-hundredth to one-thousandth the cost of producing commercial grades of synthetic diamonds, for such uses as power drills, turbine blades, jet engines, heavy in- dustrial cutters and other machinery uses, the UCLA an- nouncement said. The regents of the university have taken the patent on the vapor deposition process by which the material is formed. The metal titanium is vaporized by an electrical jeam in a vacuum chamber, and the atoms combined with a lydrocarbon gas to form ti- anium carbide, which can be and deposited at a ate of up to one-thousandth of n inch per minute, as a uperhard coating, the an- ouneement said. Stolen Alarm LONDON (UPI) --Thieves roke into a London factory ver the weekend and stole the urglar alarm system from the all, police said. Offer Flywheel As Solution to Energy Crisis PALO ALTO. Calif. (UPI) Stanford university scientists are considering as a propose! solution to the energy shortage the flywheel, an inveiitioi thousands of years old. The versatile flywheel design presented to the Stanfon energy seminar was in iroduced by Dr. Richard Post, a professor at the University oi California-Davis, and his son Stephen. The Posts said large flywheels similar to the one they designed could be used to store power in electrically run cars and trucks. Larger flywheels, they said, could possibly be used to store large amounts of energy produced by electric utilities, helping them to meet peak hour loads. They explained the new flywheels work as the ancient potter's kickwheel, except that power comes from an electric motor-generator instead of an artist's foot. The modern version of the flywheel is still in the Iheore- lical stage, they said, but Stephen Post was optimistic "I hope to drive home one nice day in my electric car, plug it nto a windmill flywheel and hen go inside of my solar- heated house." Peanut Quota Each American eats of the average of 6.1 pounds of .helled peanuts a year. 'Showboat' Boat Is Destroyed by Fire at Mooring VICKSBURG. Miss. (UPI) The 73-year-old paddlewheeler Sprague which was the setting for the motion picture "Show- has been destroyed bj fire. The largest sternwheeler ever built was engulfed in flames at its mooring in the Mississippi river and was called a "total loss" by Mayor Nat Bullard. It had been converted into tourist attraction on the wa- terfront and housed a museum, restaurant and theater, where "Gold in the a melodrama about life in the gay 90s was staged each summer by the Vieksburg Lit- tle Theater. heroine Nell in the play, as she "1 felt like I was losing a watched the smoldering hulk Of member of my said the Sprague. Margie Rucker, who played the The vessel was built at a cost New Jersey Votes To License Acupuncture TRENTON, N.J. (UPI) The New Jersey assembly has passed a bill to regulate and license the practice of acupuncture. About 20 doctors in New Jer- sey practice the ancient Chinese medical art which relieves pain and provides anesthetic relief for patients. Cedar Rapids Emergency Numbers Ambulance.........366-7654 Fire...............398-5343 Highway Palrol 364-5171 After Houre......363-5629 Police.............398-5353 Sheriff.............398-3521 (Clip and carry in your, billfold) OLD CREAMERY PLAYERS Present 'The FIREBUGS" By Max Frisch Sunday April 21, 10A.M. After the performance, the cast will join the audience for coffee and discussion of the play. Public Invited. Free Will Offering. PEOPLES CHURCH 600 Third Ave. S.E. i exceeded fcOO.OOO. SHADE TREES FLOWERING TREES Choose from o Large Selection of Locally Grown Trees SPECIALS- Sand Cherry scoo Crabapple Tree SC95 Reg. Reg. Build Your Own GREENHOUSE See Our Model On Display FREE EXPERT ADVICE We are always happy to help you solve your landscaping problems. If you're troubled by a pro- blem area....bring us a snapshot for some Free Expert Advice.We want you to have beautiful, long lasting home surroundings. FLOWER GARDEN SHOP LANDSCAPE DESIGNERS AND CONTRACTORS 5008 Center Pt. Rd. N.E. Cedar Rapids, Iowa Fruit Trees Raspberries Strawberries Horseradish Seed Potatoes Asparagus Rhubarb Blackberries Gooseberries Currants Seed Peanuts Edible Soybean Seeds Vegetable Plants Kohlrabi Broccoli Cauliflower Brussel Sprouts FIRST BIG WEEK Sunday, April p.m. "CRISIS IN THE MIDDLE EAST" in Bible Prophecy (Fully illustrated on the Giant Screen) Program Begins at p.m. Each Evening Color Motion Picture of Haile Crowson's Travels Regularly April 21 "Middle East" Wednesday, April 24 "What Was Abolished At The Monday, April 22 "Satan Takes A Holiday" Thursday, April 25 "The Christian Sabbath" Tuesday, April 23 Friday, April 26 "Are The Ten Commandments Old Fashioned" "The Change From Sabbath To Sunday" SOMETHING NEW AND UNIQUE BIBLE-IN-HAND CLASS EACH EVENING if-EACH LECTURE FULLY ILLUSTRATED ON THE SCREEN ir GIFT BIBLES FOR YOU TO USE Seventh-Day Adventist Church HALLE G. CROWSON, Bible Lecturer of Minneapolis, is the guest speaker for this lecture series. Mr. Crowson has just recently returned from an extensive tour of the Middle East and the Holy Land and is showing his color movies and slides of places of interest. For a number of years, Mr. Crowson has been lecturing on the great prophecies of Daniel and Revelation throughout the Southland and the Midwest. His illustrated lectures are of interest to young and old alike. 42nd Street Edgewood Road N.E. Cedar Rapids, Iowa ;