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New Braunfels Herald-Zeitung (Newspaper) - June 14, 1987, New Braunfels, Texas Commerce Industry New texas June Financial Focus Withdrawals from mutual funds Foreign market interest rates overemphasized Foreign participation in the United States marketplace and high interest rates top the list of financial concerns of investors and individuals living on a fixed income these con cerns are being overemphasized according to Robert chief economist of the Provident Bank in one of the nations leading told a group of Edward Jones clients and associates Foreign owner ship of securities only amounts to 10 percent 5 percent and coiporate about 12 to 13 Given the size of our foreign ownership has been The trade deficit also provides lit tle cause for Christian add One of the things weve been banking on in terms of keeping the economy rolling in 87 and 88 is a tur naround in the trade Even though monthly statistics dont yet verify a substantial adjust the trade balance does show improvement when adjusted for in flation and examined over the long In the past six the volume of exports has increased at doubledigit and the volume of imports into the United States has decreased just as As a Christian by the trade deficit should be half of what it was in High interest rates are due mainly to the federal but they shouldnt be viewed negatively he Investors should use this opportunity to buy securities in stead of selling Christian predicted that longterm rates should be 8 percent this sum while shortterm rates may go up a little in response to the rise so he interest rates will be a lot lower next year than most Christian also made the following economic projections for the next 12 months the dollar will not decline substantially in if any at weaknesses in food and energy prices will production cutbacks in the aulomative industry will likely oc inflation will remain about percent to 4 the economy will grow at a faster pace throughout the To view Christians visit Stan the local Edward Jones at 1000 Suite New Telephone coop to refund money Guadalupe Valley Telephone headquartered at Smithson has announced to day that it will return more than in prior years profits to its members on June 24 at the annual membership The meeting will begin at at the New Braunfels Civic Center Door prizes will be and old fashioned ice cream social will be held following the This years profits when coupled with prior distribu brings the coops total refunds to more than million in the past nine The board of after careful study of the coops financial has determined that memberowned GVTC will again be in a position to return a portion of its profits to its said president Curtis As a GVTC is dedicated to providing dependable areawide telephone service on the cooperative at the lowest cost consistent with a sound economy and good We are obligated to return to our members the difference between our revenues and as capital requirements This is the basis on which GVTC was We have proven that cooperatives do work they can be People helping We know of no other cooperative in the nation that has refunded over Bremer Checks not picked up during the an nual membership meeting will be mailed during the remainder of the By EDWARD JONES 1000 Suite F Mutual funds offer many One of these is systematic This means that the at your will mail you regular checks tor a specified This can be a real benefit to one who needs a set amount of cash each month to help meet living ex Heres how systematic withdrawal Most mutual funds with a growthIncome objective pay dividends quarterly and a capital gain distribution Assume the longterm history of a fund shows an average total return to 12 percent or On closer you see the average annual dividend Is 5 percent and the average growth is about 8 percent a total return of 12 per It would make sense to assume on an investment of an annual systematic withdrawal of 10 taken on a monthly would leave your un disturbed and actually add about 2 percent a year to its you ask the fund to send you a monthly check for The fund honors your request each month by liquidating enough shares to pay When a regular quarterly dividend is its added to your account plus any capital If this amount is more than a your invest ment is working as what if the stock market has an unusually bad which can and does happen That year and possibly the the fund is able to maintain its divi about 5 but because of the declining market you recognize no In the value of your shares you continue to withdraw monthly checks when the fund is actually earning half or less of that How will you be paid The in order to meet your monthly request of will be re quired to return part of your prin To illustrate what happens with a systematic look at your fund as a big bucket filled with At the bottom is a faucet from which you regularly draw a cup of As long as you replace this with as much or more water than you theres no But if you continue to withdraw more than you your bucket will even tually run The same happens when you systematically withdraw more than your fund is earning eventually it will go IRS head says tax reform will make system fairer HOUSTON AP Tax reform laws enacted this year will spread the burden of taxation among Americans more the Internal Revenue Service commissioner Wealthy individuals and the businesses in this who have not been paying their fair share of tax in the under this new law will begin to pay their fair Lawrence Gibbs said loopholes jn old tax guidelines are being reducing the amount companies are able to Gibbs Tax shelters are he People are beginning to invest for income Changes in the tax Jaws will take 6 roilUQn taxpayers Qff the wMje aadtag g roHJIen who were When drafting the new grass predicted that about 80 percent f taxpayers would see a decrease in while the rest would see their taxes remain the same or in Qibbs said he pyshed for IRS budget increases since becoming commissioner to increase the tax compliance rate and help ease confu sion over the In budget deficit the Inter nal Revenue Service was the one place in government where we could make money by spending he told a news conference before ad dressing a group of certified public The IRS is planning to hire temporary service center of which will be firsttime for the 1988 filing Gibbs The commissioner recommended that taxpayers not wait until the 1 deadline to refile new Wj or W4A withholding a new form not filed by employers are quired to withhold taxes at the one p two allowance rates That cpviicj mean higher withholding for those normally claiming more Gibbs Jf havent been paying in STAMPS MAD6 JN 24 FFICE CENTER CASH HERMES 6293979 COURTYARD CENTER OWNER HATH AN RHEINLANDER Is pleased tQ announe the relQCQation 1 000 Suite 202 Hew ftr jugif Ntff iraimlaifi Ttxii 78130 Knibbe There is never a Bad Time to Make a Good Mtwtil Viet frtiitftiit t Premier Low Load Mutual Funds Plan Investment Managed by a prestigious money man ttrrtllfvllttrftr Knibbt Financial 755 loop 337 Suite B New 78130 512 For in January 1973 he Dow Jones Industrial Average was around a new alltime By it had lost almost 4o percent of its value and was hovering in the GOO To illustrate systematic withdrawals In a declining lets look at an excellent growth and income mutual fund with more than 50 years of consistently superior averaging an annual total return In excess of 12 In the years 1973 and when the stock market was experiencing a severe the fund likewise suffered losses of about 17 If youd invested on 1973 and began a monthly withdrawal of 10 percent annually because of the dramatic first and se cond year by the end of 1985 youd have exhausted your During those 13 youd have withdrawn in dividends and for a total withdrawal of Had you waited one year and made your investment on Jan 1 your 10 percent annual withdrawal wouldnt have depleted your In by June your original investment would be worth and during that period youd have systematical ly withdrawn Other than what conclu sions can be drawn from this There are several factors that contributed to the depletion of In this the fund selected has an in titiai sales charge of percent but that wasnt the The real problem was that the stock market had two successive years of terrible performance in 1973 and The along with hun dreds of similar Although this particular fund averag ed a longterm annual total return of more than 12 In these two years It lost about 17 percent each the shareholders con tinued to withdraw a tak ing more out of the bucket than was going Does this mean systematic withdrawals are not recommended Not at It means as this col umn consistently the key is to be Decrease your withdrawal when In our even an aunnual 8 percent would have preserved your By taking smaller you can monitor your Investment until the principal begins to grow and builds a you can delay beginning withdrawals until the initial invest ment has Systematic withdrawals from carefully selected mutual funds have proven to be an excellent way to receive regular income and to allow your investments to like any other it requires monitoring and the determination to act when economic changes Need Money Fast Need to Establish Credit We Make Loans 300 00 TRY US FIRST We Like to Say YES Security Finance Corp New Braunfels 6296044 HighYielding Investments TaxFree Municipal Bonds TaxFree Bond Funds GNMAs GNMA Funds Real Estate Limited Partnerships And how to determine those investments most suitable for your Join us for a free investment seminar and complimentary Reservations Call Tollfree 18003924972 NEWBRAVNFEIS June Holiday Jim Conducted by Otho For moncomplitv including ail ijwrgts and 3 copy the pmspAclJUS is available from Busliaiiaij Msasj reaj ii carifuiUy before jgu invest or scu4 bj nr irniiw ilmr iiwiilu ml li nialnniiii HiM mi Tk TriM uw j uiniiiuniK gcminita uliKti DM twill tn a iiiim fur iuumiv Stare jiiil inrmii ifouihmiiiii raw mil Nil wlw fur ll ami ma ua famr diMnliuiicub mmm FRANCES BRIDGES is there for you with Scraptwok every Thursday mint MiraU4titujti A
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