Kossuth County Advance from Algona, Iowa on October 19, 1967 · Page 9
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Kossuth County Advance from Algona, Iowa · Page 9

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Algona, Iowa
Issue Date:
Thursday, October 19, 1967
Page:
Page 9
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ono K 01* nth ttMMIMV, OCT. l», M*, AlOONA, IOWA ivance Tom Burt to Des Homes for 0. I am retired, have an income of $6,000 a year. I'd lid* your advice on hew to incroaM it. I have $10,000 In 6 3/1 par cent bond*, $5 bank •hare*, MO there* of Arvin Industrie*, 200 there* of a mutual fund end $70,000 in certificate* of depotit in bank*. A. It looks to me like about half your income may be coming from the $70,000 in Certificates of Deposits. I'd guess your return here is about 5%. It would be hard to increase your income without increasing your risk quite a bit. I would however, talk with your broker, and see if he can suggest any bonds which might give you a higher return or some Convertible Preferreds that would do the same thing. I'd also take a look at those 200 shares in your unnames Mutual Fund. It's possible that money could be shifted into a good security that would give you a higher rate of return. Q. We ere in our 70*s, living on e pension. We have $6,000 in savings end will receive $8,000 from the salt of property. My husband want* to give $1,000 to each of our five children. I don't see why we should give the money to them now. A. 1 don't cither. You'll be more independent, and feel more independent if you have $14,000 in savings .That $5,000 should' bring you $16 or $17 a month to allow you some small luxuries. You've indicated no need on the part of your children. Your children will likely enjoy much more seeing the sense of security and independence this money gives you, and when it eventually comes to them •they will enjoy it much more when they are .secure in the knowledge that it first served the purpose of taking care'>, of their father and mother;? Q. I am a doctor and am about to retire. I'm considering investing in a mutual fund, but don't know whet would ,be;a good one. 1 don't know the difference between "load" and "un-load" funds and am concerned about the mission fees by the federal •ft* . government, Can you give me Mm* advice? A. Mutual funds offer a good way for investing to people who feel they lack the knowledge and judgment to make good selections of stocks themselves. As to what would be good ones, I suggest you check Arthur Wiesenberger's book, "Investment Companies," at your local library. This will give you an idea of what fund would be best to meet your needs. I make it a policy not •to recommend specific mutual funds. The difference between the "load' and "no-load" funds is that the "load" funds charge a sales commission of up to 8Vfe per cent. The "no- load" funds charge no such commission. Both types of funds have an administrative fee usually charged on the total value of the fund likeiy to be in the area of Ms % per year of that value. The load funds are particularly under government investigation. There is a feeling in some quarters that their sales charge, being the highest for any kind of stock sale, other than for the new issues of stocks, has produced an excessive amount of sales effort. CrippM OMIerM OIWc Friday The annual Crippled Childrens' Clinic will be held in Algona Friday, Oct. 20 at the Lucia Wallace school. The American Legion Auxiliary, Hagg-Turner Post 90 and the Carnation Co. will co-sponsor the free lunch to be served during the day. Anyone wishing to donate cookies will be greatly appreciated. •LOCALS- Albert Boekelman, Algona chief of police, is in Veterans hospital for a check up. :rMr. r and Mr*. Roy^ Madison have moved to Algona from Woden. Mrs. Madison is the new owner-manager of the Algona Mode 0* Day store. Uthoms to hold baiquet at Nhittemre Observance of this year's 450th Anniversary of the Reformation marks (he first joint undertaking by the churches associated in the newly-formed Lutheran Council in the United States of America (LCUSA), Focal point of the observance in Palo Alto and Kossuth counties will be the All- Lutheran banquet to be held in the gymnasium of St. Paul Lutheran school in Whittemore Sunday, October 22 at 7:00 p.m. Highlighting the program for the evening will be Dr. William A. Buege, Dean of Memorial Chapel of Valparaiso University, Valparaiso, Ind. Dr. Buege, since 1959 has been a member of the board of directors of TTie Lutheran Church-Missouri Synod. He •has been a- vice president of the Minnesota district, and served 11 years on the board of missions to the deaf. He was .graduated in 1932 from Concordia college, Milwaukee, Wis., and in 1936 from Concordia, St. Louis, which awarded him an honorary Doctor of Divinity degree in 1980. He has served parishes in Milwaukee, Wisconsin, and Carthage and St. Joseph, Mo. During World War U he was a chaplain in the South Pacific for three years. He was pastor of Christ church, Minneapolis, for 18 years. Christ Church, built during Dr. Buege's pastorate, was designed by the famed architect Eliel Saarinen. It was voted the most beautiful church built in America in 25 yean by a panel of architects and church leaders. Dr. Buege is the author of "The Cross of Christ.' 'Preaching With Power,' and 'The Lord's Men.' 400 tickets are now on sale at the cooperat- injg .Lutheran churches in 'both counties. Credit Union Day newspaper Tom Burt, 13 year old son of the Richard Burts, Algona, was one of eleven selected to represent the 8500 Register and Tribune carriers from around the state of Iowa on National Newspaperboy Day in Des Moines last Friday. The boys were given full run of the circulation operation for the day and Tom was manager of circulation services. They met executives Gordon Gammack and Bill Keane, among others. A banquet was held Friday evening at Bishop's in the boys' honnf. They stayed at the Motel Fort Dei Moines Friday night and wen given a tour of the Register and Tribune building on Saturday. Tom was the only eighth grade boy, the rest being high school students. Me was taken to Des Moines by Doyle Dailey, local carrier manager. Two truok avoids door Two men were not injured when a pickup truck driven by one of them went out of control on loose gravel as they swerved to avoid hitting four deer % mile north of highway 9 and 1 «/4 miles east of the 9 • 169 junction north of Bancroft about 11 p.m. Saturday night. Driver Dale Gochanour, Omaha, Nebr. told the investigating authorities that- four deer jumped on the road as he and a paueftgef wwt §> ing north on the ftivti Mid; The truck ipun irattftd Md foiled over into the ditch, The machine, registered to RenAtd Kraig of Sloun City, Iowa, Mt» tained $300 damage. • aAaAAaAAA KWWl Bums Nugent, who was in Algona for several weeks thll summer handling the promotion of Cable TV for the WMT- TV Inc. firm* has been named vice president and general manager of KWWL radio and television at Waterloo, it was announced this week by com* pany president Robert Buckmaster. Nugent, who grew up here, has served as vice president of WD10 TV at Duluth, Minn, and WMT-TV Inc. the past few years. MAYOR FINN Signs a proclamation designating this Thursday as Credit Union Day as Wilbur Courtney, president of the Weidenhoff Employees Credit Union looks on. The Weidcnhoff union is the only one in Algona. It is designed to supply credit to members who also invest funds in it. There are 219 members. I Georgia's Cafe Delicious Food, Fast Service = ! FEATURING | NOON LUNCH SPECIAL DINNER I SUM 1 = including meat, potato**, vegetable, salad and i > = milk or coffee | end HOME MADE ROLLS The Boy Scouts of America was founded in 1910. — OPEN AT 5:30 A.M.— IIHWIII -•It OCTOBER IS NATIONAL RESTAURANT MONTH For Price ... For Quality . . . Style ... we have them al COTTON CORDUROY CAR COATS • Foam Backed for Warmth ft Strength • Acrylic Pile Lined • Choice of Popular Shade* Brown, Antelope, Loden • Misses' Sites . . . Fingertip length If it's price you want to pay. our coats are priced right, if it's quality you're looking for, we offer top quality, if it's style you want, ours are the latest designs . . . '22.00 Sheakleys "Women's and Girls Fashions" 1« WRITTEN LIFETIME GUARANTEE PRICED NO MORE THAN ORDINARY BRANDS CHOICE OF HUNDREDS OF DECORATOR FABRICS CHOICE OF MODERN, TRADITIONAL, CONTEMPORARY AND EARLY AMERICAN STYLES LD-FA5HIONED Choose from 33 colors in these sofas! Your Choice $ 199 oo FURNITURE and WATSON INTERIORS Phone Algona <^l tttettttttttifftttttttt*ttetttttftfttttttttttttttttttttttet*t9tttti*iii

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