New Braunfels Herald Zeitung, March 24, 1987, Page 5

New Braunfels Herald Zeitung

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 319,437

Years available: 1952 - 2013

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New Braunfels Herald Zeitung (Newspaper) - March 24, 1987, New Braunfels, Texas Commerce & IndustryTuesday, March 24,1967    Herald    Ztttung,    New    Braunfels.    Texas    Page    3 Health ( are I pdate For Folks Age bt) to 79! NEW PLAN PAYS UP TO $182,700 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 I 3 weeks in a nursing home But now there is a solution from Bankers Lite and Casualty It s a new kind of nursing home policy that pays benefits • for custodial intermediate and skilled no. sing 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 hon stay BANKERS LIFE AND CASUALTY COMPANY Call or Write: Beth Gueldner 4400 Piedras Dr. South No. 155 San Antonio, Tx 78228 629 4155 Gary STANDS FOR Quality Environment + Job Opportunities The Balance We Need ilHHIIIIIH Financial Focus Totally I if Ginnie Mae mutual funds \ USING TWO FLASHES Studio photographers j st? mu'* thai-on* tamp Ic " <»*>*? po* I ?a11s * Ou a* ■” prove the lighting *or your ‘artily snap shots wlh t«o hash** Ute both hashes rn    mode Place one p'e't?fab>y n a ight stand and aDout § to 7 ’wet high aoou? 6 tee! Horn the sublet t and note the flash to sublet distance ha Put tf?e second flash on another light stand b to 6 feet • rom the first one and pointed at the sub e t Ne* move the se end "ash t. *here you get the same I st p reading as on the first hash |f both hashes afe the same Strength they should be the sanre distance from me subjec t fhis gives a pleasing easy to print 2 ’ lighting ratio * or more dramatic lighting move the second hash closer Pia^e your timely near the first flash to get the image you want head and shoulders or half length Moos u( the near flash directly to the camera auth one e»tension cord Use a second e» tension cord and a I connector for the second hash if you don't have a slave unit lest that both go oh together No* start posing and photogiaphing the best induct snapshots you ve ever had We can add to your flash outfit at ffc'fibrl i£ament t&ltop "Mill Country Photographic Headquarters ‘ 4S3 West San Antonio New Braunfels Texas 78130 Tue Sat 9AM 6PM • Cl OSED N A MON* Phone >51 ?\ 62b bb24j TOM LABINSKI and TIM WAITS bring local sports home to you In Hvrald-Zeitung Total Fitness manager Teresa Lohmeier assists Bruce Schwarz with (at puiioowns 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 m tonight and invites the public to attend Total Fitness will be open from 7 a m to 9 p.rn Monday through Friday from 8 a rn. to 8 p m on Saturday and 10 a it to 7 p rn on Sunday Jean Jaroszewski is owner of the facility (Photo by Leslie Knewaidti H»r«ld-Zritung (USPS 377 soot Published Sunday morning Tuesday Wednesday Thursday and Friday afternoons by New Braunfels Herald Publishing Co . 166 S Casten Ave or P O Drawer ill 328. New Braunfels, Te*as 78131 1328 Second Class oostage paid bv New Braunfels Herald Publishing Co at New Braunfels Texas DAVID KRAMER Editor and Publisher JIM WEBRE Managing Editor DEBORAH LAWRENCE Office Manager SANDI HUTTER ReM' Advertising Manager CHE RYL MCCAMPBELL Classified Manager CAROL AVERY Circulation Manager MAGGIE LOMBARDO Composition Foreman GUS ELBFl Pressroom Foreman DAN A Ov ERSTREET City Editor WANDA LASATER Lifestyles E d'tor TOM LABINSKI Sports E ditor Subscription Rates inc lodes cppiicabie sales tax 1 Carrier delivery in Comal Guadalupe Hays Blanco and Kendall counties *hree months SIC 89 six months SIV 02 one rear $14 S-»n or C t'Zens Discount varier aet very only six mon •bs $15 83 one year $28 69 Mail delivery outside Comal County, .n Texas three months $19 13 six months $34 one year Ve>3 75 Man outside Texas six months. $42 one year $?0 if you have not received your newspaper by 5 30 p rn Tuesday ♦brough 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 78)31 1328 Census Bureau to conduct survey I wk .ii represent utl\es «ii I h«- I in* et I Slates C etisti" lim' ML a t • *s t^ * selec ted ,u«*.» households I* c nm* ^ April I to conduet i* Mirvey ut lr come and Prtigr .tm I'ai th ip.it ton the acting tegiohal direr lot o! th** bureaus I billa*' t. glottal of I ice an flounced 11 * I * is a major nationwide c-oiit t nuing survey introdut »*d in th. hill os 1981 It is one of the nation s hugest household survey*' vs itll ahout ’ m households participating I'he Census Bureau publishes periodic reports proMding .ntonn.i lion (rom the suivev suhjects covered include the (olio* mg jobs and earnings the economic etlects ut unemployment disability and retire merit how taxes allect peisunal spell ding participating in programs such as Social Security Mtdicare ami Medicaid and food stamps Information (rom MBF helps policy makers and administrators determine ho* well government pro grams are serving the public and ^ American Heart Association Wild FIGHTING IQN Mourn iFf It:. 111filter sal Antonie < haptei of the American Soc*let> (or In dusln.i s* iiir:'\ a I ti.lid it** next it..*: -hi\ iii.*.Ti! g on \pI . . at the Holiday inn North Airport Hr.« et!inc lit* meeting will Ik* a tree work simp .mil m c ut it \ exhibit I ti** security exhibit^ Mil open al i ji in nut I**.»tut * more than «•» ex * O' ho oi M-v iii 11> products and mo y <* - ten resident • and commercial applications lh* workshop entitled Hovy to fondu. I a s*s only Survey w ill begin al pm I he presentation will Im* given hy ,i representative ot the S \ I * I r crime pievention unit A Can New Do Spirit For New Braunfels By EDWARDO JONES Financial Planners and Managers This is the second of two articles on Ginnie Mae Mutual Funds Ginnie Mae mutual funds invest in securities backed by the Government National Mortgage Association or Ginnie Maes While the I S Govern ment guarantees interest and prm 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 thes«* mortgages fluctuates with the economy, monthly interest paid Briefly Local entrepreneur and Dict Center counselor Linda I terrain* tile New Braunfels hie’ Lei'. returned this week adet rev. .mg .« week «.( (ormai training at th* ..nnua; blet » enter Internatiof... » ••* vet *i« * and teltn outer em e held Mat ' I . in Scottsdale Aru I bein* >f tin v ■ I ere nee was leading the Way an I it emphasised th** important •* *>t c.»r mg service and educat >i nconimu mg to ta* a world leader in we gh! management Torrance heard preM*nlations un these and oilier topics tr»>m toundf Sv bd h ergus*ifi In add;’s<'' t" atter ding lectures and e..nt<nuihg education sem nars hor ram* toured I net tenter s new Interna tarnal Counselor I raining ta. lily and utK*sitv res«*arch t «*nt«*r in i aret re** Aru I fort alice has tM*rn a mend**! .»! th** hrotessionat Advisory N.ard lur the psi lout and •• half years hor ranee was a I st* among tnemliers of the hie! < enter Brutes s luna I Advisory Boatd t»' Im* honor* I at a special luncheon given sri lf. ir h*mor lh** lune (won w.ts part ot th* convention The i rnemlM*rs ut Hie Ixia rd are polled on tb»*ii opinions in many matters regarding growth and development ot th** hie' < 'enter pi * gram I tw-v .tit* also motved in th* test mg of new progr an. to the fund's investors will also change from time to time This can be 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 invedstors is the daily market value of the fund shares Since the underlying securities are guaranteed by the I s government, doesn t that mean you can withdraw all your invest ment at any time without loss" Aes how changes in programs and policies will affect the public Krueqer Mazda to host opening Kru. g.-t Ala. da Interstate 15 ANesl will host a grand opening and rihtron ut?mc it noon Saturday Greater New Braunfels Chamber of * ommen •• Blue» oats will attend Buy for Less grocery opening Buy ’• a I • s Grocery Store will r ■ *>' Us r;h!*»*. tutting at I p rn sun lav al ’xH S Walnut in the Walnut squall- Sbt.ppii g < enter Greater New Braunfels Chamber of Com m**r* • Bu.* Coats will attend th** ceremony Richter Wine purchases Moyer 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 withdrawal penalty Money placed in Ginnie Mae funds should be viewed as buying rental property Its there to work for you by drawing safe monthly income generally higher than you would expect on an average say mgs account Since Gmme Macs are pools of long term mortgages they re not txiught by the fund as short term in vestments Their purpose is to create regular income which is paid to you Kl nee the interest on most mortgages remains constant, the market value must fluctuate in relation to current interest rates For example if you own SIO ••»«» of a 12 percent mortgage paying a steady SI 3i»» annually and rates decline to 9 percent and begin paying S'**) on a Ski 0*4.1 investment your 12 percent higher interest paying mor tgage becomes more valuable on th** other hand if rate*' move up to 14 percent paying a new investor SI 4<>o annually your mortgage becomes |t*>S v atuable 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 "hare" Realtors changes slightly with changing interest rates In a mutual fund, it s not as obvious or dramatic as our exam pie since new money is constantly be mg 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 prepay ment of the mortgages held by 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 by the bor rower ifs prepaid at face value That is the premium disappears and the value of the fund is reduced by that premium Of course that wouldn't really 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 paying 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 Alae securities are guaranteed by the I S government the interest and value of your shares is subject to market fluctuation If you re looking for safe reliable in come Ginnie Mae mutual fudns make excellent investments But as with any investment understand them before you invest Hen* Ben a?** t .is announced the - ri at !<>n • dt he Bu liter VV me Group .» wui.    marketing    company As ch.or♦•-..*?    m-f print    pal    .wrier his : >t ,.i! ,i>    ta-* n    th* Mover I (tampa*, no < <>mpar.y of New I    k « r v th* Moyer lex.«' I I,alupag:it* I o It I** th* only ■» a.* t v iii loxas dedicated Mtielv to champagne production Mover w ii compete head to head .* ti 'I <    •*♦•*•’ iM'.ii lorn.a    Bemat** sa. I VV. p .a to fill a void in the mal kelp! e lh**!** is a h«***d for ad bitonal quality toniest ic cham pagnes Distribution of the cham pagne is Im* i.g expanded to major n . ’!<■(*< nm markets outside the stat** Future plans call for tm teas rig the Mover lira to include « alifor nun and French champagnes I* or *n. r .*.* » '' Re* amt Alary Mover Iw• g.I: construction of Mover » hampagne < ompanv rn 1979 and in ?rodu< et 'ti* a v rn.* in I *Ki Bema he plans \ar >as ens met u changes to th* winery im leasing pioduction as w* is ti n .ping the Mover facility as a leading New Braunfels tourist attraction Industr tai Security group to meet Texas Senator Judith Zatfirim left listens to a a point being made by Texas Realtors More than t OOO Realtors across the state visited their legislators in Austin recently to make their views known on current and pending bills Pictured are ’rom left Realtors Royse Wright of Laredo Dovie Rfjeger regina vice president of the Texas Association of Realtors of New Braunfels and Alonso Rids o* Laredo Linda Dorrance and Syt Ferguson of Diet Center In Diet Center counselor receives formal training I I I I I I I I I I ;

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