Rule of Thumb for Withdrawals by Sam Shulsky
Sam Shulsky explains that mutual funds pay quarterly income and one capital gains distribution, with funds often selling shares to cover withdrawals. A common rule is $50 per $10,000 invested per month, but withdrawing $125 from $17,000 may be too high, possibly by about $40 monthly, risking depleting principal.
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Earthquake Felt As Tremor Near Pasadena Magnitude 6.5
A powerful earthquake measured at magnitude 6.5 was recorded yesterday by seismographs at the California Institute of Technology. Dr. Charles Richter said the quake occurred some miles beneath the earth's surface and was centered far from the region, with depth suggesting minimal surface effects.
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Pasadena
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UPI
California Institute of Technology
Charles Richter
Richter
Mutual fund sales pitch and investor questions
A reader questions mutual fund yields and commissions citing a salesman promising 6.6 to 9 percent. The column explains fund backings, distributions, and yields, notes that mutual funds redeem at times with little to no cost, and lists noncommission no load funds. It also covers brokerage fees for odd lot trades and where to obtain no load fund lists from the Investment Company Institute.
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Investment Company Institute
Broadway
New York
N.Y
Counterman Reportedly Rescues Crew After Fire
A shipboard incident leads to a crew rescue as the counterman aids officers. Details remain sketchy but authorities confirm a fire was extinguished and no serious injuries reported.
Handling the 'Hot' Issue Stock Prices Firm, Trading Moderates
New York discusses how hot stock issues are priced under British and U S systems with General Aniline and Oil Corp as a reference. The piece contrasts tender offers with fixed prices, allocations, and market expectations, noting underwriters and government involvement in wartime holdings. It also cites Comsat and Renwick Willis for methods in price setting and allocation.
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Leslie New York
General Aniline & Oil Corp
U.S
Texas
Renwick
Willis
Thelton and Dobson
Esearecesere Oe
Warburg
Cumsit
Comsat
Economy Upbeat as Steel and Cars Drive Gains
Steel and automobile shares push markets higher while a Commerce official notes expanding production and planned capital spending. Major firms like General Electric General Motors Ford and Westinghouse post gains amid mixed results in airlines and steels. A private survey projects 12 to 14 percent rise in business spending this year aided by tax relief measures.
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Ling Tenica
Vexas
General Dynamics
CHS
General Electric
Westinghouse
General Motors
Ford
Chrysler
United
TWA
Iklm
Delta
Comsat
Xerox
Eastman Kodak
Washington(ap
John T. Jenner
New York Central
Pennsylvania Railroad
Unity
Candor
Treasury
Good Vision Week Scheduled by Local Eye Societies
The Bexar County Optometric Society with the Texas Optometric Association and the American Optometric Association will sponsor Save Your Vision Week from Saturday through March 14. Dr. Robert F. Buck, chairman of the local society's observance, says the week stresses the importance of good eye care and regular vision examinations.
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The
Bexar County
Millions Struck By Mu in Russia Epidemic Says Official
A Soviet virus specialist warned that the recent flu epidemic has struck millions of Russians and is not yet over. His remarks marked the first official indication of the epidemic’s scale amid Moscow’s health briefing.
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Russia
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