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Cedar Rapids Gazette (Newspaper) - October 10, 1974, Cedar Rapids, Iowa 9 The Odar Rapids (iazrttr: Thurs., 10. 1971 The Investor's Guide liy Sam Shulskv I've noticed you've ad- vised sump youim people I" "bi'Cin I" acquire stocks gradually." How can you dn that when. say. KHI shares uf American Telephone requires at least Is that "t-rad- A No. it isn't it's a lot nf money. But who says you must buy shares of Telephone at one Iinio? Many slock exchange firms offer a "monthly investment plan" and several law banks are offering monthly purchase nf leading stocks, plus au- tomatic reinvestment nf div- idends. The stock exchange program calls for an invest- ment of as low as every three months. That works nut In around a week, which 1 certainly would call "grad- ual." This program allows you to slowly acquire any common stock on the exchange and also includes reinvestment of dividends. The bank programs are limited to much fewer stocks although, since they are all shares nf leading corpora- tions. I can't see where that is any handicap. I'm sure many commercial banks around the country are offering this serv- ice. In New York City. Chase Manhattan. First National Ci- ty and Bankers Trust are among the leaders in this Held. If you live in a small lown far from a financial center you misM inquire of the nearest large commercial bank branch or a correspond- ent of the big banks. I must point out that such "gradual" or piecemeal in- vesting is not directly availa- ble in bonds corporate or tax-exempts or governments. For that you would have In put money in small doses inln a mutual fund investing in bonds. Or. if yon are interest- ed in short-term investment, you could consider the money management muluals which hold lop-grade bonds and also lend short-term money to banks. In stocks there is no prob- lem. And 1. for line, welcome the monthly or quarterly plan since it tends tn keep unso- phisticated investors dollar- cost averaging which 1 feel is a good long-term program. And it also does away with the inclination of uninformed investors to plunge into the market with all they've got usually at the wrong time. Q I enclosed 20 cents in stamps for a copy of your investment book for women, but have received nothing from the newspaper. A I'm not surprised. Nei- ther the newspaper nor 1 sell this book. It is called "Invest mcnt (luide for Women" and is obtainable only by mail by sending a check or mail order for U5 cents to LTD Ware- house. 1211 Secagogue avenue. Karmingdale. N. Y.. 11735 and asking for the book, which also has a mail order number of AXOB45. How is the net asset value of a fund determined1.' A liy adding up the market price of all its hold- ings on a certain day and div- iding that by the number of its shares the fund has oulstand- ing in the hands of investors. From 1939 through 196 I aniuiml SI shares nf AT an T ;il a total cnst nf ahmit I'd like- In lake tin- Ins fur lax purposes and tin repurchase in III days. A Perfectly okay. Now al ynn have tn figure nut is whci tn execute (his maneuver. Yin have until Dee. 31 In sell fur tax Inss. Q My parents can pu aside S7UO a year for my col lege expenses in six years How should it be invested f< Sam Shulsky Senior Citizen Buses Cedar Rapids System Telephone 363-8244 Area Ten (SEATS) In Cedar Rapids 398-5605 Flscwhcic Still VH-1 BLOWN-IN MINERAL WOOL Today More Than Ever Before Good Insulation Pays for Itself mm PLAINS GAS Insulation Dept. 1101 Second Ave. S.E. Phone 362-11 86 or 365-4647 the highest profit'.' A First tell me how niiit'h risk ynu want In assuine tn ,uel that highest profit. If you In lake the chance nf ___ ruplitiK your iiinney. fur exam- deposits and K hiiiids tn pie. you must alsn take the risk" speculative slocks, chance nf losing it all. If you waul In hi'ilw the risk you inusl hedk'e the chances nf only column rnfoMIH lor) on r hioi'HT Dldiinlnu, nlcosc mclum- o The spectrum runs all the sttunocii prm-ione ACII ro to SOU! ShuKkv. cu way from "mi risk hank me otic Your home can be more comfortable worth more and you'll save on heating and cooling- INSULATE! HOME IMPROVEMENT Call 363-5577 or 365-4678 Now! Have your furnace cleaned and checked before cold weather! Your headquarters for Call 364-4626 PAUL NOVAK Al! Mokes Models Furnaces and Air Conditioners After Business Hours: Call 365-5690 Heating Air Conditioning 56 16th Avenue S.W. "Serving Cedar Rapids for 39 Years" If you have less than six inches of high qualify insulation that effectively resists heat flow in your ceiling, you're wasting energy. And money. What you spend to make up the difference should pay off at the annual rate of for as long as you live in your home. If you have no insula-' tion at all. you can save the entire cost of insulating your ceiling in just one to two years. And. you'll get handsome returns from having inches of effective insula- tion in your sidewalls loo Check your house now Then, bundle Lip and you II save a bundle. For more information on eltoc- tive insulation for your home, humidity control, caulking and weaIherbtripping, storm vvin- j dows and attic ventilation, check with yoLir CListomers Ideas and Information Center at lowa-llli- nois Gas and Electric Company. FACTORY DEMONSTRATION Fri.-Sat. ONLY Meet Ms. Rett Erickson, Honeywell Factory Representative HONEYWELL PENTAX SPOTMATIC F handles like a professional! 1.8 Lens 2 Days Only HONEYWELL PENTAX ES U The camera for photo perfectionists in a hurry! 1.8 Lens List 2 Day Special 1.4 Lens 2 Day HONEYWELL 460 Lowest Price Ever Reg. 5129.95 Automatic to 28 Recharges in Minutes Choice of 3 settings Our lowest price ever for a quality electronic HONEYWELL STROBONAR100 or Professional Strofaonars 110 First Time in This Area. Borrow any Pentax S.M.C. Lens To Try Out from 1 7mm wide angle to 1 200mm Telephoto Take one out and try it out Choose the Lens For You Then Save 30% on any Takumar Lens purchased During 'For example: List Price on 200mm Takumar Lens is 239.50 Demo Price is off Trade-ins Welcome Use Layaway Plan 1413 First Ave. SE Phone 365-5273 Next To Times Theatre
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