Kossuth County Advance from Algona, Iowa on September 7, 1967 · Page 18
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Kossuth County Advance from Algona, Iowa · Page 18

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Location:
Algona, Iowa
Issue Date:
Thursday, September 7, 1967
Page:
Page 18
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BYtMOMAaiO'HAftA •Nli mm, 0. What investment procedure can I fellow for my wife, my ton and myself to that tht last ona living can receive everything we have without inheritance tax on it? Alto will you provide me with information about forming an investment club? A. I'have sent you the NA1C literature on forming an Investment club, and also a copy of "Better investing" which may prove helpful to you. •I know of no way you can leave property so there will be no inheritance tax on it. In most, if not all cases, it is possible to avoid probate costs by owning property Jointly with the right of survivorship; but avoiding probate and a> • it!ing inheritance taxet are two different tlhimgs. Just because property does not go through probate does not mean it is also exempt from inheritance taxes I suggest that you talk with your lawyer about the best way to minimize inheritance taxes. Q. Would you recommend e monthly invettment program for me? I am able to invett $25 to $40 • month. I would like to receive the div idendt every year inttead of letting them compound. Is there any problem in doing this? A. There are a number of ways you can invest $25 tc $40 a month under an installment plan such as you visualize. You can buy any stock listed on the New York Stock Exchange under the Monthly Investment Plan (MIP), which allows you to invest as little as $40 every 'three months. If you use it, you might select a good oil company, a good utili'ty or one of our major manufacturing companies to start with. When you have accumulated $500 to $1,000 worth of one stock, you can then switch your plan to another type of company. Nearly all mutual funds have monthly payment plans. Here t would caution you not to get involved in one of the "front load" plans, under which most of your payments for the first year or two will go to pay sales costs, with very little of your investment actually going to work for you. You might also organize an investinent club. This way you could invest up to $20 a month in the club and the balance in the MIP. Your investment club experience should add appreciably to your knowledge and your ability to select securities. Under any of these invest ment procedures you will ro- I—Altofia ,(lewa) Advance THURSDAY, SEPT. 7,1H7 cedve dividends. A mutual fund will probably have a sibtup whereby you can reinvest earnings Lt you wish. An investment club's earning; will go Into the club's treasury for reinvestment. You can of course, withdraw any of your investment club money at any time you wish. Q. Which would bo more profitable for mo: Buying mutual fund shares and lot- ting them do my investing for mo or following and study* ing tho market and doing my own investing? Assume, for the benefit of tho question, that I am above average in stock investment knowledge, A. If you have an above- average knowledge of the stock market, you probably are also aware that it costs money to have people do work for you. If you have the ability to do the job yourself you'll also have the additional funds to invest which you would pay someone else for doing the job for you. Swea enrollment down by 9 pupils Swea City — Enrollment in the public school system here for 1967-68 is down by eight from e year ego. A total of 554 ere enrolled this year compered to 563 a year ego. There ere 176 students in high school, 98 in junior high and 280 in grade school including kindergarten. Biggest cless in the system is the first grade class of 50 students. Algona lady on committee ^^^^ , . , . .1^. ._ i ^_... _-..,.•_._ J ^_^^.^^ jJ ^^ J uJ»^u^»^i.^i^.»i^^^a^^a^^^^^^^^^i^^aiHMi^MiMll^ai Dodge; MM, liffM ffcHaY, ChufdOfi. . . . . the OrtfiuhWte* 4ir of <M§ Institute at* Mr». in Ulaes, Burt; Mrt. Ite Swwney, Fort Dodge; Mrs. DM Bnajwsw, Al^om, Mn. Hilt McAlpine, Fort fold.*; Ladies of St. Beoedk*, artd GtrrigMt Bifid Mottten, Mri Leonard Arndorfer, Wertcy, it in charge of the fteMrvt* tloiw, wMdi mutt be made by September 7th, OiMgc for the entire day .event* tt 12.75. ifor those unable to tt« HKS riMMftfAi €f noon seetfon *nd Jrt eon tie priot^U »100 include! tU the infoiit •1 material printed. No personal 4ftv«*ttOri» pi being «ent out. ,, - •IAN - A strange sped- men of tti Austfilliii bean measuring 32 inches long WM grown in the garden o« Mfi. idward PhiUipi, CrinneU Mrs. Phillips says the vegetable is cooked like eggplant. Pictured above is the Family Affairs Commisi'lon, Sessions Committee which is part of the program presented by the National Council of Caltholic Women of the Northeast and Southeast Deanery at their Regional Institute. They are, left to right: Rt. Rev. Msgr. Alver W. Behrens, Templeton, Youth Speaker; Mrs. Dan Engesser, Algona, Diocesan Youth Chairman; Rev. Leo C. Harpenau, Sioux City, Diocesan Director of Family Life Bureau; Mrs. Keith Jennings, Sutherland, Chairman and Mrs. Ken Bb- ndr, Carroll, Speaker, Family Affairs. The Institute will be held September 12 at 8:00 A.M. at Garrigan High School. Catholic women host Institute at Garrigan The National Council of Catholic Women of the Northeast and Southeast Deanery will have the third Of series of Regional Institute in Garrigan High School, September 12 with registration beginning •at 8:00 A.M. Fse is $2.75 (or the entire program. The Program will consist of Organiza- tion Services Commission, Family Affairs Commission, Church Communities Commission, Community Affairs Commission. The speakers for these Commissions will be Che following with respect their above listing: Mrs. A. M. Kuhl, Fonda; Mrs, L. Bunda, Pocahontas; Rev. Leo C. Harpenau, Sioux City; Msgr. J. E. Tolan, Humbaldt; Mrs. Ken Bbner, Carroll; Rev. Alfred McCoy, Grand Junction; Sister Mary Justtnte, Keumper High School, Carroll; Mrs. Larry Polking, Manning; 'Mrs . Margaret Pratt, Emmetsburg; Mr. Robert Simpson, Storm Lake, and Mrs. Joseph Sheehan, LeMars; 'Miss Lucille Stuhrenberg, Foi t ap"^r (I'll I i • i > i • i i • ..See Colorful Viking Football ;;/w fxariNc Mmifrous and stay at W. R. FRANK'S MOTOR HOTEL AND RESTAURANT lust 5 Minutes From Downtown and Mpb. MnorlM Facing Fair Oaks Park and Minniapolis liitlrWs si Ms DISTINCTIVE OININQ 7 1.111. to 12 p.m. Dally Famou* For Quality at Modarata frleat. HEATED POOL With Sacludad Sun Tarraca. Pooltlda Strvlca. . nKH> COURTESY BUS _ j.ia». | Mail Coupon lor FR[[ Color Rr Frta Trintporlition . AlrpBil, Trtin and Bus «o , us I mum. uuinnv inwiri . ind Oth«r. Paint! Upon I Riquitt. • NAME CITY. STATE. For Rtutrvitionv Writ* Phon. 617 lift 4)11 FAIR OAKS MOTOR HOTEL AND RESTAURANT U S HWY (,•> - ?4TH SI Al 3RD AV[ SO . MPl S . MINN YOU ARE INVITED TO ATTEND OUR.. FRIDAY,SEPT. 8-10 A.M. CUSTOM FARM SERVICES PLANT 1 /2 Mile East of Titonka, Iowa CUSTOM URM SiRVICiS, INC Ovr manner, Phillip P. Pfeffar, will be en hand to welcome yew. Mr. Pfofftr if thf sen of Mr. and Mrs. Ltwrtnco Pfcffsr, Clt«r L«kt. Hf wtl born in Algon« in 193*. H« atttndtd Cloar takf high school, Mfion City Junior ColUgt, tnd Iowa $t«to Uniyfriity. Mr. PfoHor strvtt 'our yt«rs in »h« Air Force, two of which woro spent in Korof. Ho w«s formerly employed by tho fttto Department of Agriculture •• fertilizer end pesticide inspector. Tho CFS plant U designed to offWently blond high analysis fertilisers fer yeor fiolds. Adequate material storago insures your having fertiliser when you neeel it. Tho office of Custom Farm Services has boon designed as a pleasant place to transact business. Come in often. Hoy Kids! Come and meet the CFS Giant. Ho talksl And he'll bo here for our Grand Opening. Bring your family! Tell your friends! Come learn »H about Titonka's newest farm fertilizer service center, and join in the farm talk and fellowship. See first hand how this new CFS plant will benefit you, A CFS Staff Agronomist will be present to answer questions about your soil and crops. -REGISTER- FOR THf MEN — FRif TRACTOR RADIO FOR THE LADIES —FREE ELECTRIC KNIFE -FREE LUNCHEON- IIRViP ALL PAY Hot Ham Sandwiches, laktd teens, Potato Chips, Milk and Coffee • Prescription Fertilizers — Bulk or Bagged — Complete Spreader 6 Delivery Service • Anhydrous Ammonia & Nitrogen Solutions • Soil Testing, Tissue Testing, Insecticides, Herbicides • Agronomic Assistance & Crop Plans We Have a fleet el sproodors available to spread proscription blended fertiliser. Accurate and rug- god, they put tho right amount of fertiliser on your fiolds in an oven pattern. Custom spreading can also bo arranged. Pictured above is fortlllsor boing < plant for distribution in tho Tittfila

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