Cedar Rapids Gazette, November 5, 1974, Page 24

Cedar Rapids Gazette

November 05, 1974

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Issue date: Tuesday, November 5, 1974

Pages available: 48

Previous edition: Monday, November 4, 1974

Next edition: Wednesday, November 6, 1974

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Publication name: Cedar Rapids Gazette

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Cedar Rapids Gazette (Newspaper) - November 5, 1974, Cedar Rapids, Iowa 12 The Cedar Rapids Gazette: Tues., Nov. 5, 1974 The Investor’s Guide MARMADUKE By Anderson & Learning ii) Sam Shulsky (J — In one of your columns you mentioned an annuity purchased for $13.00(1 which pays $100 a month or $1,200 a year You compared the $1,200 paid by the annuity with $1,170 which could be obtained from 0 percent bonds I am under the impression that the $1,200 from the annuity includes rent of capital. So how can you compare the two? A — If you are trying to say that this particular annuity is no bargain. I’m with you. In fact, that's what I said when I suggested that the investor put the money into 9 percent bonds and then shop for an annuity in five or ten years when, because he will be that much older, the annuity payments will be substantially higher. Arguments, pro and con over the desirability of an annuity, appear in every day’s mail. Which is understandable The pros aroue that an annuity provides safe income for so long as you live. No one ever outlived annuity payments — and that is a very important argument. The antis — such as you seem to be — argue that the actual return on your money is much lower than the monthly payments indicate since part of each payment includes the return of some of your own money. True. All I am interested in doing is helping some elderly person or persons — who feel they do not have to leave an estate — to get the most safe income for their remaining years If they can get (that means, if they are old enough) let us say, $125 a month or more * Sam Shulsky from $10.(MMI paid into an annuity (even though that $125 includes some of their own money) then I would urge them to take the annuity rather than preserve their capita! in Treasury, V S. Agency or high-grade corporate bonds and receive only $900 a year or $75 a month. There’s no sense to belaboring the point that the $125 or $150 or more includes some of their own money; that they are eating into their capital, because it doesn’t make any difference. A reputable life insurance company, licensed to do business in their state, will continue to pay that $125 or $150 long after their original capital has been exhausted So who cares where the money conies from? It doesn’t make an iota of difference whether the interest portion of that $125 is 8 percent or 3 percent so long as that $125 keeps coming as long as they live. If you want me to argue against annuities I will say only that I don’t favor them for those who feel they must leave an estate, and for those who are still young enough to receive only what they could reasonably expect from top-quality bonds (without invasion of capital). If you want me to argue in favor of annuities, I will say onlv that I like them for people whose age would get them much more than the 9 percent or 111 percent now being paid by the high-grade bonds and who want the comfort of an assured lifetime income and don’t care about leaving an estate. And all you insurance agents and all you anti-insurance people who have complained about one annuity column or another can take it from there. (J — Would you consider convertible preferred as good as common stock from the point of view of combating inflation? A — Not quite. The dividend on the preferred is fixed — so you can’t get any help from that source. However, the preferred’s market price will rise in step with the common’s advance, once the common reaches the conversion price. Q — We are in our 30s, with about ll months to go on a mutual fund program. Should we pay off the balance in one lump sum? A — I don’t know why you should. You set up this monthly investment program to take advantage of dollar-cost averaging and (important from my point of v iew ) to be able to ignore market fluctuations. Why suddenly decide that you want to begin outguessing the market by concluding we now enjoy “all-time’’ bargain prices? For Better Health Dr. Andelman Laxatives bridge By Oswald It James Jacoby One of the worst habits a bridge player can acquire is that of making one bid too many. West’s takeout double of one spade was reasonable. The hand might belong to his side. But after North’s redouble, it should have been apparent that South was going to wind up NORTH    5    ; + A 1053 ? 8732 ♦ A5 ♦ A74 WUST    EAST $2    A 86 ? K J 9 5 4    * Q ♦ KQ8    ♦ 1097642 | Ak gin 9    48653 SOUTH <I)> ♦ K Q J 9 7 4 T A 106 ♦ J3 4 J2 North-South vulnerable West    North    East    South la Dble    Kedble    2 a    Pass 2?    44    Pass    Pass    I Pass Opening lead—KA playing some spade contract Hence, there was no reason for West lo bid two hearts. West’s king of clubs was allowed to hold the first trick. He could have beaten the hand by an immediate shift to a low .heart, but no one could figure that one out. West shifted to the king of diamonds. South grabbed that one; drew trumps; cashed the ace of clubs; ruffed dummy’s last club and threw West in with the queen of diamonds. Now West led a low heart to his partner’s queen, but South knew exactly what to do. West was marked with five hearts so South just let East hold the trick. East had to lead a club or a diamond and whatev er he led would allow South to ruff in dummy and discard his IO of hearts South might well have worked out this same play if West had not made that one unnecessary bid. He might have, but we will never know VtCRRDJfcft** By Dr. S.L. Andelman Taking laxatives to insure a daily bowel movement has been called the great American addiction. Fortunately, the use of the harsher cathartics, such as Epsom salts, castor oil and calomel, has declined People no longer believe that the more violent the action, the better the medicine. laxatives in common use include milder irritants, such as milk of magnesia and the sweetened phenolphthalein preparations presented as candy or chewing gum Mineral oil, plain or combined with other laxatives, as well as psyllium seed and agar-agar, act by increasing the bulk of the feces and are widely available Certain finds — bran, figs and prunes — are sometimes called natural laxatives. However, don’t assume that these substances are harmless. Theres always the danger that children will mistake the sweetened phenolphthalein preparations fqr ordinary candy or gum and take them in huge doses. In addition, phenolphthalt sn is known to cause skin rashes, and mineral oil prevents the absorption of fat-soluble vt tam ms. The habitual use of laxatives also interferes with nutrition by hurrying food through the digestive tract lie fore it can bt* fully absorbed Water and necessary sodium and potassium salts are also lost Minor indispositions, such as colds or headaches .ire not helped by laxatives Thyroid inactivity, anemia and other systemic diseases as->o< lated with constipation need special medical care, not patent medicines. Constipation due to enlargement or partial obstruction of the bowel is likely to Ik* a problem for the surgeon. Finally, it can't bi* repeated too often that a laxative should never be given to anyone who has pain in the abdomen. Innumerable eases of common appendicitis have been turned into fatal peritonitis by a dose of laxative. Some authorities have gone so far as to say that laxatives, like narcotics, should be available only by prescription. This may be a bit extreme, but the fact remains that most laxative^ akers have more need for self-knowledge, with changes in habits and attitudes, than they have for '-elf-medication. Decorah Chamber Banquet Nov. I 8 DECORAH - The annual Chamber of Commerce banquet will be held at Nob Hill supper club Nov. Iii. About 200 Chamber members and their wives are expected to attend the annual event which will feature Charlie Hermann of Owatonna. Minn , as the main speaker Hermann, vice-president,' corporate sales development for Josten’s, will speak on ‘The Image Difference”. The banquet and program will begin with a social hour at 6. followed by the dinner at 7 and the program. Reformatory Holds Power-lifting Meet ANAMOSA—The Iowa State Reformatory will hold its annual    power-lifting    meet Dee 7 at the reformatory The AAU is sanctioning the meet, and registered male athletes must Ik* in good standing to enter the contest. Entry fee will bt* $8 and all entries must be received by \<»v 30 Team entries will be $5. Weigh-m tune will be 9 a rn. The bidding has been West North East South lf Pass 2* Pass 34 Pass 3* Pass 4* Pass 9 You, South, hold ♦ A K 84 TK 2 eg 54 AA Q 54 What do you do now ’ A—The right bid is Just five dubs, but we would not criticize a jump to six. TODAY S QUESTION Instead of bidding three clubs your partner has jumped to three hearts over your two clubs What do you do now'* Answer Tomorrow "Thank goodness it's only Marmaduke! For a minute I dreamed it was Frankenstein!" ‘The Apple Tree’ At Cornell College MT. VERNON—“The Apple    The three parts of “the Ap- Tree”, a series of three one- pie Tree” are “Adam and act musicals based on works Eve”, “The Lady or the Ti- bv three* American storytellers, will bt* presented Wednesday at Cornell college by the New York Theatre Co. The 8; 15 program will be in King chapel. Tickets, priced at $2.50, are on sale at the Cornell business office, and also will be available at the door. ger” and “Passionella”. They are based on the writings of Mark Twain, Prank R. Stockton and Jules Feiffer, respectively. The New York Theatre Co., established in 1989. is the musical theater division of the National Shakespeare Company, Inc. Players Present ‘Plaza Suite’ WAUKON—The Allamakee Community Players will present “Plaza Suite” Thurs lay through Saturday in the ipera house The Ned Simon comedy is directed by Richard Hughes. Appearing in the first aet of (he “Plaza Suite” trilogy, Shirley Hughes and Dan Oiling find themselves in (he same suite they honeymooned in some two decades earlier. Diane Pittmann is the secretary-girl friend Other actors include Sue Livingston and Jim Stock, Bert Finle, John Hansen and Sharon Rask. The Players are planning to present “The Fantastics” in the spring and also are scheduled for a summer musical. Car Lot Theft TIPTON - The weekend theft of four wheels, tires and hubcaps from a new pickup was reported to Cedar county sheriff’s officers Monday by Fred’s Chevrolet-Olds of Tipton. Value of the stolen items was placed at $4(M). It was the second such incident at the ear lot in recent months. Big George Virgil Partch Just don’t use up all the hot water Charity Ball Held In Dyersville DYERSVILLE—The Blue Sonata ball will be held Nov. 16 in Xavier gym here. Cocktail hour begins at 7:30 p.m. and is followed by dinner. Tickets are now on sale at $13 pct couple at the following address; Holiday Hospital charity ball, Box 2, Dyersville, 52040. The event is sponsored by the Dyersville area Community hospital auxiliary. ON THIS DATE in 1940, elec tion returns wen* televised for the first time. ;