Northwest Arkansas Times from Fayetteville, Arkansas on April 22, 1976 · Page 6
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 6

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Fayetteville, Arkansas
Issue Date:
Thursday, April 22, 1976
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Page 6
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* · N«rthwe$« Arkansas TIMES, Thurs., April 22, 1976 Stock Investment Clubs Planning Again Looks Good By JOHN CUNN1FP . | Business Analyst : · NEW YORK AP) -- Interest in stock investment clubs is rising again after declining sharp* ly during ihe dark days of 111 e economy. Planning for the future, rather than merely securing the present, looks attractive again.. . , ,. , Also spurring interest is the quick recovers' of some dubs that continued to invest during (he big price decline of 1973 and 1974. and which tints picked up blue chip .shares at tarnished goods prices. Many clubs during Ihe past year have outperformed the're- turns obtained by professional portfolio managers- In the 14 or 15 months ending with December 174, one club reported its value increased 212 per cent. Thomas O'Hara, chairman of : he National Association of-In* o.stmcnt Clubs, reports ·.mines on the rise again, suggesting strongly that the number of member clubs soon wil' rise above the current" recession-induced total of 7,000. CLUBS SMALL The clubs, wbich-in effect are small, private mutual funds that are managed as well as owned by the members, gener ally involve about. 12 people pi similar goals, although often ol dissimilar but complemenlarj - skills. - ; earn about investing, to invest small amounts at a time, to spread l|io risk through diversification, to compare . investment research a n d , if they do well, to sen their assets 2 row. - , Their importance seems to liave been underscored by the recent decision of the- New York Stock "Exchange to discontinue sponsorship nf the M o n t h l y Investment Hnn, which permitted small vestors to buy even fractions of shares. l Merrill Lynch continues to operate its Sharpbuilder 'Plan, wiiicli is similar, but other brokers seem to have lost interest in -- and it is claimed, money on -- small accounts. Clubs fill this gap. Although their- purchases may he it round lots of 100 shares or more, the individual members percentage of the total often is an amount that most brokers wouldn't consider handling. INFORMAL BEGINNINGS Generally a club has informal beginnings among a few friends, each of whom invites others to an initial discussmr meeting at a home or office. I agreeable, a second meeting may be scheduled. Those who return usually 'fire genuinely interested in organ izing, the details of which ma; be obtained from the Associ i sum t h a t ' i s returned if. the] club becomes a member. tvUhoug-h some' large clubs n i g h t ' h a v e 25 or more mcni; jci's. t O'Hara believes most clubs initially opcnttc best with ibout 12. Officers generally arc. elected nt the second meeting, aiu' two or three* members arc o research and give reports on stocks: A broker also is, chosen ;cnta!ivtly and invited to tend future meetings. MOST COMMON The most common vestment per person is $20 to $25 each month, aHhough.$5 or $10 often is i as effective an amount as' $50 or $100. The ctubs regulnrly invest their as sets, usually each 1 month. Divi- dends'are reinvested; While successful clubs nevei need join the National Assad alion, there are advantages to doing so. Dues are $15 a year, plus $3 for each member, which entitles Ihe" club, among other things, to a $25,000 bond. The latter,- w h i c h " protect? in e m b e r s against - mis appropriation and theft, is at often-used' benefit; said O'Hara who relates the unfortunate news that some clubs forme* among the best or friends do not always share the best fates Membership also includes the monthly magazine, "Better In vesting." and the opportunity li g and -bookkeeping,items, foi vnniplc. The magazine is also vaitable to non-members for$ The . National, Association westmcnt Clubs is a t ' 1515 Cast Eleven 1 Mile Road, Roy a ak, Mfch.. -180G7, Jones Named Guest Speaker Ralph 'Jones of the Rehabi!: ation' Services Facility Sectio ill be guest speaker at nesting of the Board ol Direr ors of Abilities Unlimited Apr I Jones will discuss a new pi a o'shorten periods of'evaluritLo and work adjustment and trail ig for clients in the sheltere vorksliops. The meeting will:-begin : wit uncheon at.': the ·. Downtown Motor Lodge at 11:30: a.m. with he program to begin at 12 inon. Kindergarten Enrollment Set April 29 uipollmcnL' · Tor r ' .the 1976-77' iool year for -kindergarten idctils and first' grade stu- ·nts". who have liol attended lyctlevillc Public School - K i n - Tgar'tcn.'witl be' helrt April 29 all elementary schools in the Iv" Registration for first grade lEldren now in public school kindergartens is already completed, according to Mrs, Hcnrl- e 11 a ', Holcoitvb, elementary supervisor. Children who will be six; on or before Oct. 1, may enroll in lirsl grade and those who are five years old on the same dale may be enrolled in kindergarten, 'If enrollment, in any school exceeds the limits of the space available some children may be transferred to schools where vacancies'exist. Assignment to morning or afternoon sessions will be based primarily on age and will be made at a later date," Mrs, Holcorab said. Kindergarten children's par- nil's may enroll their child «ny- ime between Hie hours o[ a a.m. to 4 p.m. on the above dale. SMART SHOPPERS WATCH TIMES ADS 7 DAYS A WEEK! DillarcTs et us help vilh jour weddinr, ire ave , everrlhlnj 1o enhanrt Ihe pc- isioni Lin cos, »liver, crystal, cham agnt fountains. 3 Lot-Mi on* (Roff- rs, Spritijfdatr, FayeUevllle). Call spring book clearance! orlg. published at 2.50 to 37:50 sale $ 1 to 14 98 Dillards iclden Press Highlights Libiary Silling Ships, Great Casiks Pallets, Glas,s. Fire iins, Viclonan Antiques, and Early Trams With over 100 illus each )rig 395 SALE 198 each Picasso: Birth of a Genius Reproductions illustrate the development of a gieat artist 171 illus Orig 37 50 , SALE 9 98 ChMton's Auto Troubleshooting Guide A beginner's guide to repairs and basic opera lions Illus Orig 5 95 SALE 1 98 Charted Knitting Designs A ne\\ simpler approach to knitting which presents stitches With 55 mbols Orig 14 95 SALE 7 98 The New Woman's SurvUal Catalog- A Woman Made Book An illustrated guide for h e modern woman Lists woman run organizations and businesses Paperback ed Orig $5 · SALE 198 Stoeger's Gun Catalog Handbook An exact reproduction of the famous 191S Shooter's Bible Orig 49 3 · SALE 149 The Book of the Bible An Encyclopedic Guide that answers many questions the Bible loses 450 illus Orig 9 95 , SALE I 98 The Kentucky Derby--The First 100 Tears A fascinating commemorative volume Dramilic photos Ong $15 SALE 598 Aniwraarie's Cooking School Cookbook by Annemane Huste 240 recipes of international variety Ong 895 S\IK 218 The Southebj Parke Bernef Guide lo Pricing Antiques from K to Z500 Dollars A valuable reference guide Ong $M SALE 738 Wild Creatures A lavish photograjrfiic portrait of rare'and familiar animals from all major habitats Orig $35 · - SALE u * KORBTOr AL1FOKN1A summer sharkskin in black and white Trevira® An exciting summer sfory 'in stork black and white . . . from Koret of California, of course. Designed in fabulous, luxurious, easy care 100% Trevira* polyester to make great vacation packables. Sizes 8 to 16. Shell print [ong sleeve blouse, $19 Eight gore back zip skirt, $23 Short sleeve safari jacket, $37 Sleeveless shell print blouse, $18 Fashion pants, $25 Better Sportswear -- DILLARD'S The Livingstone Heirs. Novel of mystery and romance. Orig 6 9i SALE $1 Oil Painting--Techniques Materials Photos t dia grams Orig 15 95 SALE 5 98 The American Illustrate* Cook Book of Soups 120 recipes Orig 2 50 S^LE 1« Tropical Aquarium Fishes- Freshwater, Marine Practical Ong 1 95 SALE I 98 Madmen of History. Complete study of historical personalities Hitler Ivan the Terrible, etc Orig 99, SAIE 3 98 Women Are My Favorite People by Art Link-Idler. A collection of stories. Orig. 5.95 SALE l.4t ·Rcad-A-Iiound Storybooks: Birthday Cake, Nursery Rhymes Are Crazy, The Thing With Sore Feet, Bumble- Bee Wedding, The Slream That Got Lost, Wrlstwatcn. Ong 3 95 SALE 119 each Last Plane from Uli. A thrilling novel set Nigeria. Ong S93 SsAl* SI How To Live Wilh a Heart Attack by Robert A. Jlillcr. Mb Orig 495 SAIE SI Grow It. .Farming, fruit growing, raising livestock. Ong 895 SALE 298 Seven Lillle Rabbits. Head-aloud story. Pro-School to 8. Illus Ong 185 i . . . SALE ?1 Music Tn Thii H-lfc. Appealing story of love in the Scottish border rfunlry/ Orig. 5.95 ; - · ' SALE SI Necklace for Laurie. Imaginative story of chilribond adventure Ong "j 50 SALE $1 Secret Love Affairs. Life-stories of celebrities. Ong 995 SA!F 198 Vanuk Vanuk. Story of a make believe world, Orig 595 SALE $1 BaJIIcs and Leaders of the Civil War. A collection of eyewitness accounts dipicling memorable battles and personalities, Orig. 15.95 ., SALE 7.98 Peter and (he Twelve-Headed Dragon.' A fantastic adventure story abont a mythical land Ong 52S S4LE 1*9 Favorite Annual Flowers. A gardening guide Orig 8 95 SALE 3.M Dillard's Personal Shopper P.O. Box 671, Little Rock, Arkansas 72203 PRICE NAME ADDRESS CITY v...;.... STATE ./:.;..;.; ZIP: CHARGE ACCT. NO. . . . . . . . . . . . . . . . . . . ' . . C.O.D. ( ) CHECK ( ) rieate ,16) sates tax and »1 pottage and handling. Real Official IBieniHre Siirrlval Handbook- To to Stay In Office Po!itl« Orlg 6 95 SALE $1 Eat DnnV, Be Merry and Live Longer Prolong good heal'th. Orig. 5.95 , SALE $1 Golden Press Nature Guides Lighl tc Color, /oology, /Botany, Indian ArU, Geology, American Antiques Orlg 3 95 SALE «I 'The Joy of Snow. Autobiography of Elizabeth Goudge. Orig 895 SAIE $1 In One Era And Out The Other by Sam Levcnson. Orlg 6 95 SAI E 1 49 Gifts 01 an Eagle Delightful slory of a golden eagle Orig 595 SAIE $1 Stress. What it is and how to deal with it. Orig 7 95 SALE 1 98 Kiss Hollywood Goodbye'by Anita Loos, Orig T 95 SALE 1 98 Fishing Moments of Truth.-Anthology of personal ex- penences Orlg 8 95 SALE $1 American Illus. Cook Book of Turkey Chicken Olhcr Fowl Orlg 2 50 SAI fc 1 49 Favorite Perennial Flowers. Planning, planting, caring etc Ong 895 SALE 398 All Time Mavie Favorites. Comprehensive survey. Photos Orig 12 y-i SALE 1 98 Trees nd Shrubs For Your Garden. A complete guide. Ong 995 SALE 398 To Serve Them AH My Days by H. F. ^Deldcrficld, Set in England after World War I. Orig; 8.95 SALE 1,98 William Tell. Completely illuslralcd adaptation. Orig. 4 95 SALE 1 19 RFank Books--"Memories" A blank book in simulated leather binding. Red, navy, green. It. blue, or brown. SPECIAL $198 en Blank Book: Large Format. Red, navy, green or browi. SPECIAL 3 «g Man in Ihe Air Photos of the early l i v i n g machines Ong. 1.95 . SALK 1.19 The Felfy Tree bv K a l h r j n Morgan Ryan A portrait of small-town life in middle America Drig. 7.93 . . .;. . SALE $1 The Man Wilh The Candy by Jack Olsen Investigative story of Ihe Houston mass murders OT'« T«5 SALF, 149 Please send me the following books ad- I verfised Thursday, April 22, 1976. I, I Books--DILLARD'S i Charg**. Korthwert Arkonios Ploio -- O|«fi 10 a.m. K 9 ,.m, Mofiaay thresh *4orrlnrMl Affc«n« flax* -- Opm 10 a.m. to 9 p.m. Monday through Saturday

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