Kossuth County Advance from Algona, Iowa on June 13, 1966 · Page 4
Get access to this page with a Free Trial

Kossuth County Advance from Algona, Iowa · Page 4

Algona, Iowa
Issue Date:
Monday, June 13, 1966
Page 4
Start Free Trial

a- |r (Iowa) ADVANCt MONDAY, JUNt 13, W6 •»;* Atf tYTHOMA*l.6'HAHA • CMlrmift, tettt »f truitti* Nttloritl Aitdelitlen ttf tflvMtmtfit Club* V 0. I am 46, married and have no minor children, Our homo is oaid for. In addition to my •alary of $16,000 a year, I have a, rental that pays $75 a month, three notes that pay $330 a month in principal plus Inter* est, $4,000 in savings, insurance company stock valued at $10,000 And insurance policies with a caili value of $5,000, I'm thinking of quitting my job and get ting something part time, but may delay this a , few. years. Would you suggest that I buy into a mutual fund to provide Income? Also should I keep my insurance policies ot $25,000 .to provide $150 a month when I am 65? I'm not too sold on my stock investment because It certainly is in a slump right now. A. Congratulations on a fine job of accumulating an estate. And it appears you have good business judgment. If you continue working five or ten more years you should be able to retire in comfort. '••» I'm assuming that your notes are connected with real estate. If you have skill in selecting in- yestments in this field then you probably would want to continue making some of your investments there. I think you are weak in stock investments and I suggest that you consider putting more of your money there. Sensible, regular investments in securities give you the best available hedge against our continuing inflation. . - ,"',"••' : , •tVWith the balance, why not start building a portfolio? At your age you should put considerable emphasis on growth, using pretty much the National Association of Investment Clur bs' approach, with 25 percent of your .holdings in major companies in major industries with a growth record of .5 to 7 percent; 25 percent in quite small companies where growth is 12 percent or better; the balance in companies of medium size with a growth ranging from 7 to 12 parcent. , .To build your stock holdings, why not use the payments you are now ree&iving from your present investments? On insurance, if your objective is income, you are 5 on the right track. But, since: your family is grown and your estate is building rapidly, I think 'you might do better with t<erm insurance, which is much less expensive, and put what you save on premiums into your stock . accumulation program. ! You do give me concern with the remark you have made about your. present stock holding. If you are the nervous type and can't stand the fluctuations which take place in the stock market, then perhaps you would be better off placing more emphasis on mutual funds. Q. My father is 56, in good health, but limited in savings and possible retirement income. yVouid you advise a small mutual fund investment to supplement his income? A. A small, regular investment in a good mutual fund should be a good hedge against inflation for your father when he is faced with retirement. Be careful, however, that he does not get into one of the so-called '{ front load" funds where his money for the first year or two will go largely to pay the salesman's commission rather than being invested productively for him. Your broker can point out funds available on a monthly basis and the relative performance of the various funds. Your father also might pick put three good companies—such as a good utility, a major oil company and a major industrial qompany--and buy shares in them on the Monthly Investment Plan. Again, your broker can help Mm choose. Have you a question about investing? Mr. O'Hara, Editor of the monthly magerine, "Better Investing", and one of the nation's recognized authorities, will be glad to answer it. Write to T. |. O'Hara, National Association of Investment Clubs, Department S, Bex 1056, .Detroit Michigan 41231, enclosing a Stamped, self-eddre«*ed envelop*. SEEING AT SEA — An ancient sailor had special confidence in has vessel when it .displayed the customary decoration of the (Jay- A single eye, gaudily paint«4 on either side of the prow, wag the usual embellishment. This symbol was considered as helpful in guiding a ship safely through darkless and foul weather. Burt woman is home from meet Burt — Mrs. Walter Campnoy returned from the 10 day trip to Portland, Ore., where she attended the Seventh .Assembly representing the Spencer District W.S.C.S. as alternate dejlc- gate. The 75 Women's Society members from Iowa wenfo^o Portland by two chartered train cars. There were 8,500 woman registered representing 50 states. They attended two sessions Thursday,' three Friday, three Saturday and one Sunday. CIRCLES TO MEET Circles of the W.S.C.S. will meet June 15. Gladys Circle — 2 p.m., hostesses, Rowena Ryerson and Leona Salisbury. Program, Lorena Roark and B&rna- dine Opheim, roll call, Truth; special. Marilyn Johnson. Janice Circle— 7:30 p. m., hostess; picnic; roll call, Genesis; program, Minerva Curtis and Marlene Davis. Shh*ley Circle — 2 p.m., hostesses, Rochelle Scott, Eva Lesper,. Shirley .Lovstad; program, Beth Miller and Marie Parsons; roll call, Joshua; special, Elsie Winter. MARRIED 40 YEARS The Merle Schwieterts had their 40th wedding June 5 at 'their home. Guests were the Paul Danas, Ames, Patricia, Des Moines, Lorena Roark.,- Dillman Sohwietert, .the E. C. Schwiet- erts, Lester , Schwieterts, Clear Lake* Mrs. Ada Hardgrove, . Al- goha, the Douglas Mechlers, Mrs. Orpha Mechler, Mrs. Louise Mechler, Louise Senne, all Titonka. Vera Mechler and Merle Schwietert were married June 29, 1926, in Titonka at the home; of her parents. and Mf*, fh« Mik* BMf* to visit RaywMWttl Bftef Mi Vet, Colo. The North tow* aftfii ferehce will be held it • City June 12 to June nihg services are at 7:30 p. the First Methodist church Del* lti. at . Vis- w wtotm i Jerry McMttUell , OttMld, he tets ite last? (rf ach ift Africa during mef months. the td ONE CAN SEE from the above photo that the new slide i- at the Algona wading pool is already a hit with the young ' swimmers of the community. The children in the foreground ; from left to right are, Peggy and Judy Simpson, five and eight j years old; Katy Gotten, 5; Larry Lovstad, 6; and Brenda Helmers, 3. The parents are respectively: The Dwight Simpsons, Dr, A. J. Cottens, Emil Lovstads and Dick Helmers. All are from Algona. Exclusive Advance Photo by Mike Stillman. OPEN HOUSE SUNDAY The Odey Cherlands will iho- Id open .house" from 2 to 5 p'.m. June 19 at St. John's Lutheran church in Burt for their 25th wedding. A short program will be given at 2:30 p.m. No invitations are being mailed. The Cherlands extend an invitation to relatives and friends. The Merle Schwieterts will take Patricia to Independence Sunday. She will start a three months course in psychiatry before returning to Iowa Methor dist hosp'tal in Des Moines to complete her nurses training. O.E.S. Past Matrons club sp- enit June 9 in Fort Dodge with dinner at Trslors. : Guests of the E.E. Pettises and Mrs. D. A. Frascr this week are Rhoda Burtis, Sioux Falls, S.D., also visiting in 'LuVerne, | and Bessie Dunn, Pasco, Wash., and the K&lsey Dunns, Kingston, Jamaica. The Harley Hansons, David, Bruce, June and Cheryl left Thursday for 10 d.nys with relatives at Ashley, N.D. They will attend graduation at Valley City State Teachers Collage, Valley City, N.D. Mrs. Hanson's sister, Ruth Geiszler, is a graduate. They plan to attend the ( wedding of a cousin and on the j way home fish at Oahe Damj fishing area Pierre, S.D. The La Dell Olsons, Parma, Ohio, visited relatives and friends in Burt and Fenton, Richard Burmeister, Fontanelle, former Burt superintendent, visited Burt friends la.it week. The Calvin Kollasches, Idaho Falls, Idaho, were, guests last week at Kenneth Cook's. Mrs. Cook and Mrs. Kollasch are sisters. The Larry Holdings, Valerie, Bradner, Brenda and Vaughn left the first of the week for Peru, Neb. where the Holdings have enrolled in Peru State Teachers-College. 5; U.P.W. will meet June .15 ..at 2:15 p'.m; at the Presbyterian church with hostesses Mesdarri- es Leonard Stenzel, Harley^ Troutman Jr. and Raymond Lov| stad. Devotions are by Mrs. Ro| bert Angus. Angus Cotton, Rock, will be the speaker. The Raymond Liohters have a 6 Ib. 13 oz. daughter born May 28 at Palmer Memorial hospital, West Union..Grandparents are the Raymond Lovstads and M. I. 'Liohters. Mrs. Raymond Lichter is the former Cheryl Lovstad. „ Recent guests at F. L. Pratt's were Edna Mantor, Cedar Falls, former Marjorie iJantor and husband, the Bases and the Lawrence Newbroughs, Lone Rock, and the H. G. Sauermans, Sparta, Wis. Guests June 8 of Mrs. Gertrude Ackerman were Mrs. Gertrude Grogan, 88, and Mrs. Al ice Prince, both De Smet, S.D., "WALL STREET -WHERE THE MONEY IS." TUESDAY, JUNE 14 ON CBS 0 to 10 p.m. COT JOHNC.LOyE 415 South Hall Street Algena, Iowa T. O. Des Mones, Iowa Established 1930 415 South Hall St. • Algona • 295-3500 Members New York Stock Exchange Take a tip from area businessmen: LONG COATS Up to $1.75 Value $139 ENDS JUNE 18 PLAIN SKIRTS AND SWEATERS 69c EACH GLEANING SPECIAL Only MARSHALL ft SWIFT SAVE YOU SO MUCH JUST WHEN SAVINGS COUNT THE MOST It make* no difference whether you send one garment or a doien, you save on each one and enjoy Algona's finest dry cleaning. Marshall & Swift, L l PIAL, Upper Des Moines Pub. Co. Algona. Iowa Now you can give your whole house the j same dependable gas air conditioning that cools modern hospitals. office buildings, apartments, schools, etc. Gas air conditioning has an unmatched record of performance in business and industrial installations, And these are the reasons. A gas cooling unit has no moving parts, which means \ • it cools quietly and dependably, with no loss of efficiency over the years, with virtually no maintenance. And gas cools economically. Aren't these the same things you're looking for in a centra| air conditioning system for your home? Find out how simple it can be to cool your whole house \vith gas air conditioning. See your gas company for the names of dealers who sell gas air conditioning equipment. Gas makes the big difference. (Costs less, too.) NORTH CENTRAL PUBLIC SERVICE CO 295-2484 COMPLETE LP AND NATURAL, GAS SERVICE 10 f AST STATi ALGONA

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 11,200+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free