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New Braunfels Herald-Zeitung (Newspaper) - March 24, 1987, New Braunfels, Texas f Financial Foeus Totally fit Ginnie Mae mutual funds By EDWARD Financial Planners and Managers This Is the second of two articles on Ginnie Mae Mutual Ginnie Mae mutual funds Invest In securities backed by the Government National Mortgage Association or Ginnie While the Govern ment guarantees interest and prin cipal on Ginnie Mae it does not guarantee a specific yield or future market value of the Since new Ginnie Maebacked mor tgages are continually being added to the funds portfolio and the Interest on these mortgages fluctuates with the monthly Interest paid to the funds investors will also change from time to This can be both good and As mortgage rates In vestors could see slightly smaller monthly income On the other if rates they could share in this and enjoy more monthly In You should understand this normal fluctuation of interest before The other part of a Ginnie Mae mutual fund that sometimes confuses invedstors is the daily market value of the fund Since the underly ing securities are guaranteed by the doesnt that mean you can withdraw all your Invest ment at any time without loss Yes Briefly Linda Dorrance and Sybil Ferguson of Diet Diet Center counselor receives formal training Local entrepreneur and Diet Center counselor Linda Dorrance of the New Braunfels Diet returned this week after receiving a week of formal training at the annual Diet Center International Convention and teleconference held March 47 in Ariz Theme of the con ference was Leading the Way and it emphasized the importance of car service and education in continu ing to be a world leader in weight management Dorrance heard presentations on these and other topics from founder Sybil Ferguson In addition to alien ding lectures and continuing education Dorrance toured Diet Centers new interna tlonal Counselor Training facility and obesity research center in Aru Dorrance has been a member of the Professional Advisory board for the pst four and a half years Dorrance was also among members of the Diet Center Profes sional Advisory Board to be honored at a special luncheon given in their honor The luncheon was part of the convention The 74 members of the board are polled on their opinions in many matters regarding growth and development of the Diet pro gram They are also inohed in the testing of new programs Census Bureau to conduct survey Local representatives of the I niteU Stales Census Bureau will revisit selected area households beginning April 1 to conduct its Survey of In come and Program the acting regional director oi the bureaus Dallas regional office an nounced SIPP is a major nationwide corili nuing survey introduced in the fall of is one of the nations largest household surveys with about households participating The Census Bureau publishes periodic reports providing informa tion from the survey Subjects covered include the following jobs and earnings the economic effects of disability and retire how taxes affect personal spen ding participating in programs such as Social Medicare and lood from SIPP helps ppjicy makers and administrators df jermtoie how well government pro grans are serving the public liihiiniiiiiiiiiiliiiiiiiiiiillliiliiiilliiliniiilllliilUlilliililHiillJil WERE FIGHTING FOR VOLPUFE how changes in programs and policies will affect the Krueger Mazda to host opening Krueger Interstate 35 will host a grand opening and ribbon cutting at noon Greater New Braunfels Chamber of Commerce Blue Coats will attend Buy for Less grocery opening Buy for Less Grocery Store will host its ribbon cutting at 1 Sun day at 604 Walnut in the Walnut Square Shopping Center Greater New Braunfels Chamber of Com merce Blue Coats will attend the ceremony Richter Wine purchases Moyer Henri Bernabe lias announced the formation of the Richter Wine a wine marketing company As chairman and principal his first acquisition has been the Moyer Champagne Company of New Braunfels Formerly the Moyer Texas Champagne Co it is the only winery in Texas dedicated solely to champagne production will compete head to head with the best ol Bernabe said We plan to fill a void in the marketplace There is a need for ad quality domestic cham pagnes Distribution of the cham pagne is being expanded to major metropolitan markets outside the state Future plans call for increas ing the Moyer line to include Califor nian and French champagnes Former owners Ken and Mary Moyer began construction of Moyer Champagne Company in 1979 and in troduced their wine in 1983 Bernabe plans various cosmetic changes to the winery increasing production as well as developing the Moyer facility as a leading New Braunfels tourist attraction Industrial Security group to meet TluCreator San Antonio Chapter of the American Society or In dustrial will hold its next monlhh meet ing on April 7 al the lloluias Inn North Airport Preceding the meeting will be a free workshop and security exhibit The security exhibits will open at 3 p in and feature more than ex hibitors of secuntv products and ser vices for resilient ml and commercial applications The entitled to Conduct a Security will begin at 5 p in The presentation will be given by a representative of the SAP crime prevention unit New Can Do Spirit For New Braunfels Gary Henry STANDS FOR Quality Environment r Job Opportunities The Balance We Need and You cat withdraw your in vestment at any but at the rent market That market value could be the same or less than your original A basic understanding of Ginnie Mae backed mortgages explains Ginnie Mae mutual funds should be bought as longterm They should be compared to bank deposits or equivalents placed there for a short time drawing minimum interest and offering Immediate li quidation often with an early withdrawal Money placed In Ginnie Mae funds should be viewed as buying rental Its there to work for you by drawing safe monthly income generally higher than you would ex pect on an average savings Since Ginnie Maes are pools of long term theyre not bought by the fund as shortterm in Their purpose is to create regular income which is paid to Since the interest on most mortgages remains the market value must fluctuate in relation to current interest For if you own of a 12 percent mortgage paying a steady annually and rates decline to 9 percent and begin paying on a your 12 percent higherinterest paying mor tgage becomes more On the other if rates move up to 14 paying a new investor your mortgage becomes less valuable in the Since the funds portfolio is made up of hundreds of mortgages of dif ferent interest you can see the market value of the funds shares Realtors changes slightly with changing In terest in a mutual its not as obvious or dramatic as our exam pie since new money Is constantly be ing added to a Ginnie Mae fund and invested at current A second way the market value of your fund could be affected Is by prepayment of the mortgages held by the For if a fund holds some older 12 percent mortgages and new mortgages are 10 the older mortgages would have a premium market This premium is reflected in the overall value of the if that 12 per cent mortgage is prepaid by the bor its prepaid at face That the premium disappears and the value of the fund Is reduced by that Of that wouldnt really affect you unless you bought into the fund when the value of its shares Included a large premium This sounds more confusing than it The important thing to remember before investing in Ginnie Mae mutual funds is to clearly understand their how interest is paid and what if youre paying for the Ask your broker to explain If he or she is unable or look for another although the underly ing Ginnie Mae securities are guaranteed by the the interest and value of your shares is subject to market If youre looking for reliable in Ginnie Mae mutual fudns make excellent as with any understand them before vou invest Total Fitness manager Teresa Lohmeier assists Bruce Schwarz with lat pulldowns at Total Fitness in The Oaks Shopping Center on North Walnut Total Fitness will hold its grand opening from to 7 tonight and invites the public to Total Fitness will be open from 7 to 9 Mon day through from 8 to 8 on Saturday and 10 to 7 on Jean Jaroszewski is owner of the Photo by Texas Senator Judith listens to a a point being made by Texas More than Realtors across the state visited their legislators in Austin recently to make their views known on current and pending Pictured from Realtors Royle Wright of Laredo Doyle Krueger regional vice president of the Texas Association of Realtors of New Braunfels and Alonso Rios of Laredo Health Care Update For Folks Age 60 to 79 NiW PLAN PAYS UP TO FOR NURSING HOMi iiNIFITS INCLUDING CUSTODIAL CARE According to a recent congressional 2 out of 3 Americans aged 66 will te impoverished after spending just 13 weeks in a nursing But now there is a solution from Bankers Life and Its a new kind of nursing home policy that pays i for intermediate and skilled nursing care t during and after Medicare payments and in addition to HMO benefits for up to FIVE YEARS for any one sigkness or injury up to per special NO PREMIUMS rule during nursing home stay BANKERS UFE AND CASUALTY eQWANY Call or Write 4400 Piedras South USING TWO FLASHES Studio photographers use more than one lamp to make portraits You can im prove the lighting tor your family snap shots with two flashes Use both flashes in manual mode Place one preferably on a light stand and about 6 to 7 feel high about 5 feet from the subject and note the tiashto subject distance dial Put the second flash on another light stand 6 to 8 feet from the first one and pointed at the sub ject Now move the second flash 10 where you get the same fstop reading as on the first flash it both dashes are the same strength they should be the same distance from the subject This gives 9 pleasing easytoprim lighting ratio For more dramatic move the second Mash closer yogi camera near the first to get the image you headand shouiders or haltlength Hook up the neat lash directly to the with one extension cord Use a second ex tension cord and a T connector tor the second flash it you dont have i slave Test that both go oH together Now Start posing and photographing the best indoor snapshots you ve ever had1 We can add to your Uash outfit at Camera West San Antonio 781 3fl HvraldZeitung USPS 377800 Published Sunday Thursday and Friday afternoons by New Braunfels Herald Publishing 186 Castell or Drawer New Texas 78131 Second Class postage paid by New Braunfels Herald Publishing at New DAVID KRAMER Editor and Publisher JIAAWEBRE Managing Editor DEBORAH LAWRENCE Office Manager SANDI HUTTER Retail Advertising Manager CHERYL Me CAMPBELL Classified Manager CAROLAVERY Circulation Manager MAGGIE LOMBARDO Composition Foreman GUSELBEL Pressroom Foreman DANAOVERSTREET i City Editor WANDA LASATER Lifestyles Editor 1 TOMLABINSKI I Sports Editor Subscription Rates i includes applicable sales tax Carrier delivery in Blanco and Kendall counties three six one Senior Ctizens Discount carrier delivery six mpn 1 one Mail delivery outside Cornal in i Texas three 13 six one Mail outside Texas six one it you have not received your newspaper by Tuesday through or by call 6259144 or 658 190Q by 7 and ji respective ly Ppstmasfer Send address changes tp Drawer New TQM IABINSKJ and TIM WAITS home to you in
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