Cedar Rapids Gazette, July 30, 1974, Page 3

Cedar Rapids Gazette

July 30, 1974

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Issue date: Tuesday, July 30, 1974

Pages available: 70

Previous edition: Monday, July 29, 1974

Next edition: Wednesday, July 31, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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Years available: 1932 - 2016

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Cedar Rapids Gazette (Newspaper) - July 30, 1974, Cedar Rapids, Iowa 2 The Odar Rapids Gazelle: Tues.. July 30. IS74 I Investor's Quide HEATHCLIFF By Sam Shulsky Q I am a sirv.-lc ni.iii r_> rarmiu: SUlltHl wilh aiTounts and K bonds, plus iho I'M.' sulirml lu-avv paprr ujlii ;i filMiiiifH hi rttiriiiii. I'm uumleriiu you would sufe'i'sl. I don't have to It'uu1 an t'stutt1. Sh.'uM i i.u> inure oi a conuh'im-rau- s prntTri-u [n finite priri1 duttn Il's nou lor half of what 1 paid A It's prelly obvious thai you dun't niTcl me in tell you llial your L-amliliii'-; ilay s are HUT If you are eligible In re- lire Minn yon surely niiisl reaii.'e thai you are n.it yomu to unieli material (Minion from a list of eats and ilons at l-'s nr or "_' ami some ol which 1 eat! t lintl They may been u'tillilliiS at llilll' bu they are not your eup uf le; now and surely won'I lie in re lirement. Von mi.nlit as uell lakiiiK your hisses while yoi are still employed ami eai make the best use of the deduelion. If you plan In relin soun at or the sunny of lid yon will have lo eun- timie a snbsianiia! poriiou u! your funds in eonimon shi or cunvertibies hut in iiiueh higher quality. Vour rmrliipt is yiiu a list of iiuesi- ment ennipanies. The K bonds, nf i-uursi1 should remain as they are until you do relire when yon eaii 1) switch to II bonds; 2) fash in a certain percentage every year or ;i) cash them all in and HO for higher yields if then obtainable. Your tax bracket in relircmcnt will determine your best course. As far as your leaving an e late is concerned: Right now you have to proceed on just about the same basis as though you had four children and a dozen grandchildren because at 52. or 55. or fill you are your own heir. That is. you must protect your capital for your own life- lime use. No safe formula for eating into that capital so that it will run out when you die is feasible until you are much older and can consider a life- time annuity. So you must turn your investing toward safety and growth of principal and in- come. I don't think much nf your idea of averaging down on Ihe conglomerate stock. Il's selling now at a level lo yield better than 1L1 percent. To me that indicates some doubts of its ability to continue. Besides, if you put more money into stocks it should give you much more diversification in sound issues than you have. Q If these treasury and federal agency bonds are so safe, why Ihe "bid" and "asked" prices'.' A There's always u difference of opinion between buyer and seller even when there is no question of safety. Furthermore, the difference in most cases represents Ihe commission or mark-up price which the broker uses to stay- in business. "WHEN This is a shortened form of "when, as and if issued" and refers to a conditional transaction in a security which has been authorized for issuance bin has not yet been issued. For Befter Health Seat Belts Hold Passengers In Place in Sudden Stops By Dr. S.I.. Andrlnun If um're iln 411 iijpli an.I you can say when you have us fill your prescriptions Il's hard to budijtl for illness, so we're happy to provide you with a con- venient charge account. Serving you is pcramount with us. pharmacies 1 CONVENIENT LOCATIONS iielN. y-1 .HI.! I he ointimie In hnri'.e turttap.l a! 4n tlir ear doors fly open anil pas- nipl; h: :i 'he sr.il-lit'l! are thrown into the t'll passenger sinus down wilh -Heel wearmi; a (oruar.l in..11011 hailed the iar Vmir diaiucs of lianu-ssc-.. Lap lu'lls aliruptly windsliii'lil. killed are five limes greater if proved helpful in rediu iim Hit- All new rars are nuw In law to lie equipped mother's lap wilh at least two seal bells Some manufaelurers put in wi'lcoini's let siv If mure than twu people Icrs outlinini; problems uhifh fare ul rule in voiir ear von I '......a> d.scuss in future Hf ,hal he .-annol prrsonully tf pro1, ute veat iieils [or passengers tu huekle up heiore the yixiuc is starteil. Lap Bells There are two kinds of seal (n-l'v Automobile Assn esiimales speeds less 411 mph an thai seat bells reduee mnines of Ihem lake nlac about oiie-lhird miles of home S open Hours your seal bel; eu-n I'H in .-icriilenK vhurl ;nid eiiy ANYTHING FOR A AT By Oswald James Jacoby If the expert has to take a finesse and has only one way to take it, he is goini: lo lose thai finesse one-half the time. He knows about this pos- sibility and tries lo take the finesse when the loss is least likely to hurt him. Now look at today's hand. South will duck Ihe first hear lead and win Ihe second one in dummy. Then, if South is at all careless he will lead a diamond. After all. he has to knock out Ihe diamond ace in order to lake his four diamond tricks. East will take his ace and knock out Smith's ace of hearts. Sooner or later South will have to take Ihe club finesse for his ninlh trick. The finesse will lose and West will take two heart tricks to set South. An expert South will look for nine tricks at the start of play and see that two clubs will be needed. He will lose Ihe club 'inesse right away. He will lose :he ace of diamonds trick later, Dut there will be no way for East to put West in to take those heart tricks. Suppose West holds both the SOU I'll A A ti -i f K I 174- KST k II !i A 4 (I 'I li ;i SOI Til 4 .1 10- f A i; :i KiVIIT.-. AO. West North Kast Soulh 1 NT ll'ass :l N.T. ['ass ll'ass I t Opening lea.l-QV kins nf clubs and ace uf diamonds. Export South will zu down just like everyone else. U'est Kast Smith Pass :iV Pass 4 N.T. Pass Pass Yon. Sninli. hold: VA QCir.4 4A K '2 Wha! do you dn tl'iu: five nolrunip. It your partner shows three kings you will bill seven. TODAY'S Ol'ESTION Your partner bids six hearls io show HMI kings. do you dn now'.' Answer Tomorrow THE NEWS has been really been "sizzling' this summer. Each time you open the paper it seems you're greeted with even more startl- ing headlines, vital stories, and eye-catching photography than ever before. CURRENT HAPPENINGS plus the regular features from the worlds of sports, business, finance, fashion, and entertainment make reading your Gazette all the more interesting and necessary in today's fast-paced world. THE CEDAR RAPIDS GAZETTE, delivered directly to your doorstep, tops the best-seller list in "must" reading not only this summer but all year 'round, try it. You II see what we mean. Our Circulation Department telephone number is 398-8333 3 PLAY FUN GAMES EVERY WED., SAT. BUN. EVENING Montross Hotel Doors Open EARLY-BIRD STARTS 7 P.M. ADMISSION INCLUDES ONE CARD Cards Specials 6 for 5500JACKPOT IF ISO PEOPLE OR MORE IN ATTENDANCE SpoiHortd b, i.mtield Jn.gril Hiuri S lugli lo'pi Mil Courage Open a New FREE Personal Checking Account Peoples Bank and Your First 200 Free! 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