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Cedar Rapids Gazette (Newspaper) - November 1, 1974, Cedar Rapids, Iowa 2 The Cedar Rapids Gazette: Frl., Nov. i. 1974 Investor's Guide By Sum Shulsky (J We're retired and wondering whether it would be cheaper for us to rent. A Obviously, without knowing any of the financial details, there is no way for me to even guess. Putting aside any tax savings derived from interest paid on a mortgage and from real estate tazes, I think' a fair rule of thumb is that ownership of a house costs you roughly 10 percent of its market value annually. If you own a home, free and clear, you must add the earning power of that to the expenditure of taxes, wa- ter, insurance, heading, repairs. Since money today can earn about 9 percent, taxa- ble, from highest quality bonds and, say, 8 percent from tax-exempts, one can see that the could bring in a year clear or taxable. To that add the other expenses and it should be obvious thai your "rent" runs to about or even more. If there is a mortgage on (he house, your equity, of course, is lower, and so would be the amount your equity could earn for you. But then, you must add in the mortgage interest. Q I'm attracted to a stock which sells for only a couple of dollars but has a dividend of "80 t." This would seem to be a very high return. A It isn't. In my records that "I" stands for the market value of a stock dividend. A stock dividend is nothing more than a slicing up of what you already own into smaller pieces. It isn't even "ice in the winter time." Q As far back as I can recall, financial experts have talked of common stock as an inflation hedge. For the past year or so, this has not been true. A Correction: It has not been true for the last six to eight years. For the period 1945-56, stock market appreciation ran far ahead of inflation and again from 1957 to 1961- and from 1963 to 1966. If you look at the market charts for, let's say, 1962 or 1966, or 1969-70 and again from the start of 1973 to the pre- sent, you will see that stock prices fell all the time the cost of living was rising. Some "days" it doesn't pay to get out of bed. Q I would like income from my E bonds. Should I convert to H bonds, or cash in the Es? A If yon switch to II bonds yon will receive annually on a 10-year average, 6 percent of the full present value of your E bonds. This income will be subject only to federal in- come taxes. If you cash in part of the Es every year you will pay a federal tax on (he accrued interest included in the cash- in price. If you cash in all the E bonds you will be subject to a federal tax on all the interest accrued. MARMADUKE By Anderson Leemlnp "You don't have to put my slippers on for me, Marmaduke. Bringing them is 13th Senatorial District of the best for lowans e Eastern Iowa Native low and Chemical Engineering Degrees Law Clerk, Iowa Supreme Court Cedar Rapids Legal Staff law Enforcement Instructor (Kirkwood) Navy Veteran Paid for by REDMOND FOR STATE SENATE Joan Long, Chairperson Only your accountant can tell you which is the best policv for you. Q I've heard that some brokers are wffcrlng bank notes paying 10 to II percent for six months. A I don't know to what you are referring. But II ought to be made clear that yields tre given on an annual basis not for six months. Many aoocl .iiialily bonds today are yield- ing around the 9-10 percent level. Q I obtained II bonds by turning in K bonds. There is a figure written on the face of the bond. How does this affect taxes? A The represents the accrued Interest in the E bonds on which you paid no income taxes. This tax liability is carried over onto the II bonds but you not pay any tax on that accrued E bond until you redeem the I! bonds or they mature. And that could be.a long, long time off. Q You talk about the safety of U.S. treasury bonds. What is the collateral behind them? A You and I and about 200 million other citizens of the country. Mr. Shulskv welcomes written Questions, bul he will be able lo provide on- swcrs only through the column. For Information to check on obsolete securities, nleose Include a self-addressed, stamped envelope. Address vour requesl to "am Shulskv. core ol The Gazette. Music Prevents Vote on Mayor FLORENCK. Italy (UI'l) An orchvslra playing full force prevented thi' Florence city council from electing a new mayor. The council convened to elect a successor to Glancarlo Xoli, who resigned as mayor because of differences over Socialist demands for collaboration with the Com- munist party. Tho debate never KO( under way. An orchestra in the coun- cil hall drowned' out all speakers and Zoli postponed the session indefinitely. Musicians explained they were members of the associa- tion for the spreading of musical culture and the con- cert was a protest against in- sufficient government sub- sidies which may force the as- socjation to fold. ON THIS DATE in the Supreme Judicial court of Massachusetts granted U.S. Sen. Edward Kennedy the right to a closed inquest in the drowning of his car passenger, Mary Jo Kopechne. The Employment Center Is In Classified KIWANIS CLUB Cedar Rapids ___ Announces Tho Cxcltlng Klwonls Golden Check Gift Certificate Program Sponsored By A Group of Over 20 Area Merchants? Your Number May Be Called to Receive OVER WW For Only >14" Call 365-2617 In Restaurant Meals Entertainm.nt Services Automotive. A Real Budget stretcher! Stay close to your number may be called Goodyear Sirloin N Brow Young School of Beauty Olio Shine far Washes Tonys Pizza Sponsored by the following merchants: Circle M Robo Cor Wosh Firestone Codor Ropids Lock Key Kirby Co. Docs Brunch 8 Until Mr- Fashion Two Twenly Cosmetics Tomon Gifts S Flowers Conquistador Hairstylists One Hour Mortinizing Brights Piano 8 Organ Triangle Bandog Tire Center Henrys Skate Country Coast to Coast Hardware Vogue Studios Country Kitchen Village Inn Pancake House OR IF YOU PREFER! SEND CHECK OR MONEY ORDER TO: KIWANIS CLUB GOLDEN CHECKS GUARANTY BANK BUILDING, 3RD ST. t HID AVE., SUITE 2MC CEDAR RAPIDS, IA. Savers, now you have an even greater opportunity to invest and earn our generous interest rates... and have your funds fully insured. The U. S. Congress just authorized the Federal Savings and Loan Insurance Corporation to increase the insurance of each saver's funds from to No saver has ever lost a dollar in a savings account insured by this permanent U. S. Government Agency. These Associations, as members of the FSLIC, are able to give your funds this increased protection... at no cost to you. Through the use of multiple ownership of savings accounts: two people can now invest with one insured savings association up to a family of four can invest up to all fully protected under FSLIC insurance. Today is a good time to review your savings and investments of family cash reserves. You have a newly increased opportunity to earn top yields with every dollar insured safe. This new emblem signifies increased protection by a permanent agency of the U. S. Government. Savings protection increased 100% by Federal Sewings and Loan Insurance Corporation. MEMBER Federal Savings Loan Insurance Corp. Your Savings Insured to SAVINGS AND LOAN ASSOCIATION CEDAR RAPIDS, IOWA 52407 DOWNTOWN OFFICE; II0 Second Ave., S.E.-Tel. 366-1 851 LINDALE PLAaA OFFICE. Lindale Ploza Shopping Center-Tel. 393-7700 132 E. Washington-Tel. 338-9751 IOWA CITY OFFICE; r
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