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New Braunfels Herald-Zeitung (Newspaper) - March 24, 1987, New Braunfels, Texas Texas Financial Focus 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 fiuctuales 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 rales they could share in this and enjoy more monthly 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 senice 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 seminars Dorrance loured Diet Centers new Interna tional Counselor Training facility and obesity research center in Ariz Dorrance has been a member of the Professional Advisory board for the pst our and a half years Dorrance was also among members of the Diet Center Proles sional Advisory Board to te 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 mailers regarding growth and development of the Diet Center pro gram They are also mohed in the lest ing of new programs Census Bureau to conduct survey Local representatives ol the I mled Stales Census Bureau will revisit selected area households beginning April I to conduct Us Survey of In come and Program Participation the acting regional director ol the bureaus Dallas regional office an nounced S1PP is a major nationwide conli nuing survey introduced the fall ol 19B3 It is one of the nation s largest household surveys with aboul households parlicipaling 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 m programs such as Social Medicare and Medicaid and food stamps Information from S1PP helps ppjjcy makers and administrators how well government pro are serving the puMc and 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 its ribbon cutting at 1 Sun day at 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 fortnalion of the Kichter Wine a wine marketing company As chairman and principal his first acquisition has been the Moyer Champagne Company of New Braunfels Formerly the Mover Champagne Co it is the only winery in Texas dedicated solely to champagne production Mover will compete head to head with the best of 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 man 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 increasing production as well as developing the Moyer facility as a leading New Braunfels tourist attraction Industrial Security group to meet The tireatiT San Antonio Chapter of the American Society for In dustrial Sevunts hold Us next month meeting on April 7 at the 11 o 11 d a 1 ini North Airport Ireceding the meeting will be a free workshop and security exhibit The security exhibits will open at 3 p in and feature more than 3u ex hibitors u securiU products and ser vices for residential and commercial applications The entitled How to Conduct a Security begin at 5 p in The presentation will be given by a representative of the SAP crime prevention unit A New Can Do Spirit For New Braunfels Gary Iff WERE FIGHTING FOR VQUR LIFE STANDS FOR Quality Environment Job Opportunities The Balance We Need and You cart Withdraw your In vestment at any but at the cur 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 ple 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 you invest iT r 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 Doyle 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 NEW PLAN PAYS UP TO FOR NURSING HOME BENEFITS INCLUDING CUSTODIAL CARE According to a recent congressional 2 out of 3 Americans aged 66 will be 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 or injury up to per special NO PREMIUMS rule during nursing home stay BANKERSUFEAND COMPANY Call or Write South fian 7822ft USING TWO PUSHES Studio photographers use more than one lamp to make portraits You can im prove the lighting tor your family snap shots with two Mashes Use both flashes in manual mode Place one preferably on a light stand and about 6 to 7 feet high about 5 feet from the subject and note the flashto subject distance dial Put the second flash on another light stand 6 to 8 feet from the lirst one and pointed at the sub ject Now move the second flash to where you get the same tstop reading as on the first flash it both flashes are the same strength they should Oe the same distance from the subject This gives a pleasing easytopnru 2 1 lighting ratio For more dramatic move ine second ttash closer Place youi camera near the first flash to get the image you headand shoulders or haltlength HOOK up the neat Hash directly to the with one extension cord Use a second ex tension cord and a T connector lor the second Hash if you dont have a slave unit Test thai both go oft together Now start posing and photographing the best indoor snapshots youve ever had1 We can add to your Mash outfit at Camera Will CsMJtfnr Photographs tiew 78120 TueSaj 9AM6PM t CLOSED HvraldZritung 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 GUS ELBEL Pressroom Foreman DANAOVERSTREET i City Editor WANDALASATER Lifestyles Editor TOMLABINSKI Sports Editor I Subscription Rates includes applicable sales tax Carrier delivery in 1 Blanco and Kendall counties three six one Senior Ctiiens Discount delivery six mpn 1 one Mail j delivery outside Comal in Texas three six one Mail outside Texas six one if you have not received your newspaper by Tuesday through pr ty call 6259144 or 658 1900 ry 7 and 11 respective ly Postmaster Send address changes to Drawer New 78131 TQMtABlNSKl and TIM WAITS bring local sports home to VQM in Hsraldiiitung
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