New Braunfels Herald Zeitung, March 24, 1987, Page 3

Publication: New Braunfels Herald Zeitung March 24, 1987

New Braunfels Herald Zeitung (Newspaper) - March 24, 1987, New Braunfels, Texas Commerce & Industry TuMday. March 24,1967    IMnid    Zittung,    Haw    Braunfels,    Texas to the fund's investors will also change from time to time This can he both good and bad As mortgage rates decline, investors could see slightly smaller monthly income checks On the other hand, if rates rise they could share in this and enjoy more monthly income You should understand this normal fluctuation of interest before investing The other part of a Ginnie Mae mutual fund that sometimes confuses inventors is the daily market value of the fund shares Since the underly mg securities are guaranteed by the t S government, doesn't that mean you can withdraw all your invest merit at arn time without loss'’ Yes how changes in programs and policies w ill affev t the public Krueger Mazda to host opening Krueger Ma/ la Interstate ti NS est w ill host a grand opening and ribber cutting at noon Saturday Greater New Braunfels < hamper of i ommerce H ue < oats w ill attend Buy for Less grocery opening Buy foi I ew Griper) store will hoM its nht*m cutting at I p rn sun lav ,»t HW s Walnut in the Walnut Square Shopping tenter Greater New Braunfels chamber of Com metre Btu* Coats will attend the ceremony Richter Wine purchases Moyer Hen* h* r? it-** » as announce*! the inrir ition of the Bkhter W me Group a .*    • n atheling company Vs Gary ■rara'msssmm STANDS FOR Quality Environment + Job Opportunities The Balance We Need and no You can withdraw your investment at any time, but at the current market value That market value could be more, the same or less than your original investment A basic understanding of Ginnie Mae-backed mortgages explains this Ginnie Mae mutual funds should be bought as long-term investments They should be compared to bank deposits or equivalents placed there for a short time drawing minimum interest and offering immediate liquidation 'often with an early w ithdrawal penalty Money placed in Ginnie Mae funds should be viewed as buying rental property It s there to work for you by drawing safe monthly income generally higher than you would ex pect on an average savings account Since Gmnie Maes are pools of long term mortgages they re not bought bv the fund as short term in vestments Their purpose is to create regular income which is paid to you ‘since the interest on most mortgages remains constant the market value must fluctuate in relation to current interest rates For example if you own SIU turn of a 12 percent mortgage paving a stead) $1 200 annually and rates decline to 9 percent and begin pav ing $9u» on a Sin boo investment >our 12 percent higher interest paving mor tgage becomes more valuable On the other hand if rates move up to 14 percent paving a new investor $1 400 annually your mortgage becomes * • v aluable in the market Since the fund s portfolio is made up of hundreds of mortgages of dif ferent interest rates you can see the market value of the fund s shares changes slightly with changing interest rates In a mutual fund it s not as obvious or dramatic as our example since new money is constantly being added to a Ginnie Mae fund and invested at current rates A second way the market value of your fund could be affected is by prepayment of the mortgages held bv the fund For example, if a fund holds some older 12 percent mortgages and new mortgages are IO percent, the older mortgages would have a “premium'' market value This premium is reflected in the overall value of the fund But. if that 12 per cent mortgage is prepaid bv the borrower it s prepaid at face value That is the premium disappears and the value of the fund is reduced bv that premium Of course, that wouldn’t reallv affect you unless you bought into the fund when the value of its shares included a large premium price This sounds more confusing than it is The important thing to remember before investing in Ginnie Mae mutual funds is to clearly understand their function, how interest is paid and what premium if any you're paving for the shares Ask your broker to explain this if he or she is unable or unwilling look for another broker Remember although the underly mg Ginnie Mae securities are guaranteed bv the I S government the interest and value of your shares is subject to market fluctuation If you're looking for sat*' reliable in come Ginnie Mae mutual fudns make excellent investments But as with anv investment understand them before vou invest Total Fitness manager Teresa Lohmeier assists Bruce Schwarz with tat pulloowns at Total Fitness in The Oaks Shopping Center on North Walnut Avenue Total Fitness will hold its grand opening from 5 30 to 7 p rn tonight and invites the public to attend Total Fitness will be open from 7 a rn. to 9 p m Monday through Friday from 8 a rn. to 8 p rn on Saturday ana 10 a rn. to 7 p m on Sunday Jean Jaroszewski is owner of the facility (Photo by Leslie KnewaidD Realtors first acquisita! t ha (ti pa g tie I'.'    .rf*' h i: cr !\ the Mover I**\as t humpug! * t > it is the univ ti* tv iii texas dedicated solely to champagne production Mn)* I Alii compete beati lo head a uh ?»••'•» st of < aliform.! Bernabe sa. I VV* J .It to fill a Void in the mat kelp, . *• There is a need {ut ad ■tit tonal qua I it v domestic cham pagncs IMsti ibution of the cham pagne is r** ng expanded to major M tef rot* •: it an markets outside the state Future plans call lur mcreas mg the Mover line to inc lude < alifor man and t tench champagnes Former a tiers Ken and Marx Moyet ?•« K.ir constructional Mover « ha rn pagne » ompanv in 1979 and in trodUi «*d 'heir wine in putt Bemat** plans car ms cosmetic changes to tt»e winery increasing production as a* i' i«o« ping the Mover facility **• a leading New Braunfels tourist attraction I ne!ustr idl Security qi oup to meet Texas Senator Judith Zaffirim left listens to a a point being made by Texas Realtors More than 1 OOO Realtors across the state visited their legislators in Austin recently to make their views known on current and pending bills Pictured are from left Realtors Royle Wngnt of Laredo Doyle Krueger regional vice president of the Texas Association cf Realtors of New Braunfels and Alonso Rios of Laredo ii I'm* od mg Bk* Hafting will tx* a fret* a orkshop an*i    ut Hv exhibit the security exhibit" william at t pm and tcatuie mure than rn ex » mums o! security products and set \ ct" for resident ial and commercial applications I ti* workshop entitled Mow to i on* I ut i a sts urity Survey a ill begin at * p rn I tie presentation will ta* given bv a representative of the S \1M> crime prevention unit A New Can Do Spirit For New Braunfels Health ( are I pilate F ur Folks Age 60 to 79! NEW PLAN PAYS UP TO $192,700 FOR NURSING HOME BENEFITS — INCLUDING CUSTODIAL CARE According to a recent congressional study * 2 out of 3 Americans aged 66 will be "impoverished after spending just 13 weeks in a nursing home But now there is a solution from Bankers Lift* and Casualty It s a new kind of nursing home policy that pays benefits. • for custodial intermediate and skilled nursing care • before, during and after Medicare payments and in addition to HMO benefits • for up to FIVE YEARS for any one sickness or injury up to $100 per day •special NO PREMIUMS rule during nursing home stay BANKERS LIFE AND _ CASUALTY COMPANY HH Call or Write: Beth Gueldner    j|-    -J 4400 Piedras Dr. South No. 155    |"    Z San Antonio, Tx 78228    Ijt ' 629-4155 USING TWO FLASHES Studio pnotoyjiapneas use myre th**' one tamp to make portraits Vow an im prove the lighting to* v ca *amnv snap Shots aith *v*0 hashes Use born flashes in manual mode Place one preferably on d light stand and apout 8 lo 7 'eel high apout 5 feet from the suDiect and no’e the flash to subtext distance d*al Put the second flash on anoine! nQht stand e lo 6 feet trom the first one and pointed at the sub tevt Now move the s*- Ona hash to where you get the same I stop 'eadmg as on the first hash It both '(ashes a*e the same strength t»>e* should be the same distance from me subtext This gives a pleasing easy to print 2’ lighting ratio ^or more dramatic lighting move the second hash closer PlAce your camera near the first flash to get the image you want head and shoulders or halt length Hook uh the near 'last! directly to the camera auth one e»tension cord Use a second e» tension cord and a T connector tor the second flash it you don t have a slave unit test that bott' go oft together Now start posing and photographing the best indoor snapshots you ve eve* had1 We can add lo your hash outht at f&ribrl £ animi lollop "Mill Country Photographic Headquarters " 453 West San Antonio New Braunfels Texas 78130 Toe Sat 9AM-6PM • Cl OSED ^SUN A MON* Phone (5l2< 626 6524 J Hvrald-Zeitung (USPS 377 SOO) Published Sunday morning Tuesday Wednesday Thursday and Friday afternoons by New Braunfels Herald Publishing Co , 186 S Casten Ave or P O. Drawer SII 328. New Braunfels. Texas 78131 1328 Second Class postage pard bv New Braunfels Herald Publishing Co at New Braunfels Texas DAVID KRAMER Editor and Publisher JIM WEBRE Managing Editor DEBORAH LAWRENCE Otfrce Manager SANDI HUTTER Retail Advertising Manager CHE RYL MCCAMPBELL Classified Manager CAROL AVERY Circulation Manager MAGGIE LOMBARDO Composition Foreman GUS ELBFu Pressroom Foreman DANA OVERSTREET City Editor W ANDA LASAT E R Lifestyles Editor TOM LABINSKI Sports Editor Subscription Rates i Inc lubes applicable sales ta* > Carrier delivery in Comal Guadalupe Hays Bianco and Kendall counties *hree months IIC BR si* months I iv 02 one veal 534 Senior C tuens Discount carrier delivery only six mon ♦tis $15 83 one year $28 69 Mail delivery outside Comal County, .n Texas three months $19 13 six nonths $34 one year $63 75 Mali outside Texas six months $42 one year $’0 • t you have not received your newspaper by 5 30 p rn Tuesday ’t rough Friday or by 7 30 a rn Sunday call 625 9144 or 658 190C ny 7 p m and ll a rn respective Iv Postmaster Send address changes to PO Drawer 311328, New Braunfels Texas 78131 1328 TOM LABINSKI and TIM WAITS bring local aporia home to you in Hvrald-Zeitung American Heart Association W1M FIGHTING FOR NOUR UR Financial Focus Totally fit Ginnie Mae mutual funds By EDWARD D. JONES Financial Planners and Managers This is the second of two articles on Ginnie Mae Mutual Founds Gmnie Mae mutual funds invest in securities backed by the Government National Mortgage Association or Ginnie Maes W hile the I S Govern ment guarantees interest and pnn cipal on Ginnie Mae securities it does not guarantee a specific yield or future market value of the fund Since new Ginnie Mae backed mor tgages are continually being added to the fund s portfolio and the interest on these mortgages fluctuates with the economy, monthly interest paid Briefly I I Linda Dorrance and Syb«* Ferguson of Dipt Center In Diet Center counselor receives formal training Local entrepreneur and Diet ( *-nter ctninselor Linda terrain* the New Braunfels Diet • «-i •* returned tills w**ek attei receiving a week of formal ti uinmg .*’, Ut* .in: ti.* Diet » enter Internationa « v*a Hot and teleconference held Ma* * 4 Scottsdale \ri/ Theme of the cor. (entice was leading the Way and it emphasized th** important * of car mg service and edlK at ioi ai con! HUI mg to t>e a world leader I! aright management Dorrance heard presentations « i the*** and other top * s from founder sybil h ergusoi ln.it !    ><    aft* ding lecture* and continuing education seminars Don ame UHired Diet tenters new Interna ttonal Counselor Training la* lits and ot*’sit\ reseal* h < «*ntet in f are!tee \riz I Torrance has t**en a member of the Professional Vdvisory u< aid for the psi t«»u r anda half vears Dorrance was also among niemt**rs of the Diet » enter Prof* sternal \dv iviry Board to t »*- riot tor* I at a special luncheon given in their hottor The luncheon was part of the convention I ti** 4 members ut th* Uiard are jelled on their opinions in many matters regarding growth aud development of th** Die? » enter pi •» gram Itwv are also mol\«*d in it* testing of IWW prtigi ains Census Bureau to conduct survey I,*k al lepi* >«‘ntativ»*s of til** I luted stat*’" Census Bureau a !* v * sci*** t**d ale.* households t>cg.lining \pril I to conduct its '•siii \**\ of It collie anti Program Participation the acting legmnal dirts tm rn th** bureau s Dallas regional **ffic«* at flounced SIPP is a inajot nationwide conli ruling survey introduced in the fall ot 1981 It is one of the nation s largest household surveys with at>*»ut »NM tMHiM*lK)lds part icipating The Census Bureau publishes periodic reports providing intoi ma turn (rom the suiv»*v Subjects covered include th** following joils and earnings the economic elicits of unemployment disability and retire merit how taxes affect personal spen ding participating in programs such as Social Security Medicale and Medicaid and h>od stamps Information from SIPP ileitis policy makers and administrators determine how well government pro grams are serving the public and ;

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Publication: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Issue Date: March 24, 1987

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