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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 28, 1973
Page
4
Investor asks about reinvesting dividends and how dollar averaging affects losses in a declining market. The answer explains that averaging down does not reduce initial losses unless prices rise, and reinvested dividends are not guaranteed to create gains. It covers 2-for-1 splits, 100 percent stock dividends, taxation timing, and cautions about high 12 percent returns not being government guaranteed.
Henry W. Bloch, president of H R Block, told a Senate hearing that reintroducing Form 1040A raises the risk of overpayment by small taxpayers. He noted the IRS pushes the short form despite its past overpayment issues, especially for lower income brackets.
American Fortress and Liberator bombers attacked Brest in a prolonged air assault targeting German naval installations from the North Sea to the Bay of Biscay, continuing the war’s largest sustained air offensive to date.
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