Investing at 61 Growth vs Income in Stocks and CDs
A reader asks why six month bank certificates weren’t recommended over stock and bonds. The reply argues for growth through dividends, noting stock payments have more potential to outpace inflation. six month CDs offer short term rate but no long term growth. The column also weighs a tax exempt fund option for an 80 year old with $12,000, recommending considering Fidelity tax exempt funds and giving a Boston address for prospectuses.
MENTIONED IN THIS ARTICLE
Champion International
Nyse
PepsiCo
Mlm
Michigan
Treasury
Northeast Investors Fund
Dreyfus
M.A
Montana
Dreyfus Fund
Fidelity
Fidelity Municipal Bond Fund
Devonshire Street
Boston
Wheat prices surge to four year high on export hopes
Traders fill the wheat pit at the Chicago Board of Trade as prices climb to a four year high over six weeks. U.S. farmers credit crop problems in eastern Europe and the Soviet Union for lifting export prospects and boosting demand for American grain.
MENTIONED IN THIS ARTICLE
Chicago Board of Trade
U.S
Europe
Soviet Union
Area business briefs highlight uneven growth in 4th District
The Federal Reserve Bank of Cleveland flags lagging income growth and mixed expansion across Ohio, western Pittsburgh, and eastern Kentucky in its 1978 annual report. It notes Industrial Strength zones and cites data on retail sales, payrolls, and employment, with caveats about regional variation and industry shifts.
MENTIONED IN THIS ARTICLE
4Th Federal Reserve District
Federal Reserve Bank of
Cleveland
Ohio
Pittsburgh
Kentucky
Brain Lorain County Coop offers market bids
Lorain County cooperative association auction results show wheat at 4.22 per bushel, shelled corn 2.93, oats 170 per bushel, and Terri Lee of Vermilion soybean bids at 7.40 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Cooperative Association, Inc
Terri Lee
Stock prices slip in early New York trading
In early trading on the New York Stock Exchange the Dow Jones 30 fell 1.03 to 833.87 in the first half hour after a weak Monday showing. Declining issues slightly outnumbered gainers as oil and energy stocks remained active amid President Carter energy initiatives. Other regional notes mention price activity in Ohio and Chicago markets amid broad wholesale trends.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Carter
Jones
NYSE
American Stoc Exchange
Procter
Rockwell
Westie Beaty
Pierre R Srath
ACME
American Munchien & Busins
Exxon to acquire Reliance Electric in takeover bid
Exxon Corp announced that Reliance Electric Co shareholders owning about 95 percent of the common stock agreed to sell to Exxon as part of a hostile bid to buy Reliance. About 151 million shares and 138000 Series A preferred shares were tendered to Enco Inc by July 13. The bid meets opposition in Congress and faces Antitrust review.
MENTIONED IN THIS ARTICLE
Cleveland
Ues
Exxon Corp
Reliance Electric Co
Exxon
Reliance
United States
Enco Inc
Congress
US Justice Department
Antitrust
Buying commercial real estate and partnership risks
Buying commercial property differs from a family home as buyers often raise funds by forming partnerships to share the financial load. The text explains two forms of partnership, general and hired, noting that the main difference lies in liability, with general partners sharing profits and losses and bearing joint unlimited responsibility.
MENTIONED IN THIS ARTICLE
Richard Gilman
West Side Realty Co
Lakewood
West Side
Avon Lake
Bay Village
North Olmsted
Rocky River
Strangsville
Westlake
Also Mentioned on This Page
Sargent
By David R. Sargent
David R. Sargent
LOS Angeles Times Syndicate
Mid-Ohio Securities Corp
Broad St
Elyria
National Association of Securities
Cleve
Lorain
Norfolk & Western Railway
Huron
Omo
Cuyahoga County
Robert S. Moore
Moore's Travel Trailer, Inc
North Ridgeville
Moore
Great Lakes
Ohio Recreational Vehicle Association
ORVA
Area General Telephone Co
Marion
Connie
Wellington
GenTel
Fishers Big Wheel
Lee
Columbus
UPI
Northwest
Midwest
Whatrsale
Tada
Allg Pawe
So Allied Cher
Lia An Ahln Ad Ar Brand
Bk Ag
Bendre
Bath
Beth
Chessie
Chrysier
CinGast
Lola
Agate Ny
el Gas
Palau
Owen
HinApr
Marverty
Easewa
NC Horizon Br
Twa Leasa
Liberty
Laster MD
Loxiselero
Slsee
Southern Co
MilLer
Nate Bend
Vanguard — Ivest
Vanguard Wedington Yoo
FDIC
National Bank of
Broad Street
Westside Lake Avenue
Griswold Road
Midway Mall
North
Abbe Road
Dave Bell
Wares
Mike DeLuca
Life Health Annuities Business & Group Insurance
Auto & Home Owners Insurance
Semen Tel Teres
Financial Responsibility
Clare
Obertin
J.C. Insurance Bail Bonding Agency
Middle Ave
Elyria, Ohio
the Chronicle Telegram
Robert Penick
By Richard Demby
Lswyrr
Ar Demby
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