The Gazette from Cedar Rapids, Iowa • 21

tsr J- -5- -I The Cedar Rapids Gazette: Jane 14, 1972 9B "he Investor's txxxxxxxxxaotxxxxxxxxxx J. TsT Sam Shulsky H' vSi LOVING CARE CUlSCLRimCOLCUOTlCK WASHES AWAY ONLY THE GRAY FUN SAVER KODAK POCKET INSTAMATIC CAMERA KIT INCLUDES POCKET -INSTAMATIC 20 2 ROLLS COLOR FILM MAGICUBES to do is drop some misconceptions on return. A thousand dollars invested at file rate being paid by high-grade bonds today would yield $75 a year. $1,000 in IBM, for example, would yield $15 a year. So lets forget the $100 to $200' as to hopes of future capital gain: If you buy the right stock you could boost $1,000 to $10,000 or $20,000 in less than 10 years.

If you buy wrong, you could lose most of it in six months. Now, start over again CAMERA CASE SAVE $4.00 TV Mr. Shulsky wulcomM wrlfttn questions, but ho will bo able to provide answers only throveh the column. For Investment lists, please Include a self-addressed, stamped envelope. Address your requests to Sam Shulsky In care of The Gazette.

Fischer Given 'Equal Chance' In Chess Match By Sam Shulsky- 1 A few years ago I inherited some Central Illinois Public service preferred which pays 4 percent. Should I keep it, or reinvest it for more interest? Im elderly, need income. A Keep it The stock is rated AA which is high quality. The dividend is protected by earnings 11 times over. It does not pay 4 percent.

It yields, as of a recent market quote, 7.3 percent. I dont see much room for improving the income from this money. Your question points up a common misunderstanding on the part of persons who are unfamiliar with securities. The preferred is called a 4 percent preferred, which means it pays 4 percent of its par price ($100 in this case) or $4. But at a market price of around the mid-50s, the actual yield on the money you have invested is over 7 percent.

Im 24, married and want to start an investment program. One mutual fifiid broker said I could expect an average 14 percent return annually from one fund and 18 percent a year from a more speculative fund. A Yon can assume no average return from a mutual fund, anymore than it would be safe to assume that you could ford a stream with an average depth of only three feet. What if you stepped into one of those 1969 or 1970 13-foot deep potholes? A mutual is certainly one field you should consider. But throw out at the very start any promises of average return.

When you buy mutual fund shares you are going into the stock market and must be prepared for profit or loss. I own a bearer bond which matures in 1982. Would it be to my tax advantage if I did not clip the semiannual coupons, but, instead, allowed them to remain attached to the bond? A Youre nudging me into treacherous Income tax ground, so all I will say is that the IRS tells me such interest is considered, tax-wise, in much the same light as savings account interest which you allow to remain in the bank account: it is taxable in the year credited. Fm 25 and hope to have about $1,000 to invest this year. What I want is a reasonable annual return ($100 to $200) and, hopefully, have my investment rise 10 or 20-fold in the next 25 to 30 years.

A The first thing yon ought KjJ DRUGS mrr IITIltiidqeB ij DRUG TOWN 2 3 2ND OAKLAND NE PHARMACY 30-3587 OPEN m. MONDAY-FRIDAY opEN p-m. SATURDAY OPEN p-m. SUNDAY aii Hi 4 it CRUSH KING EDWARD IMPERIAL CIGARS FOR FATHERS DAY JURE 14 BOX OF 50 CIGARS 7515 MOSCOW (UPI) American chess champion Bobby Fischer is egocentric, capricious, obstinate and hot-tempered but has an approximately equal chance to defeat Soviet world champion Boris Spassky in their title match next month, Tass says. A commentary by the news agencys chess commentator, Yakow Rokhlin, said the match for the world championship that begins in Reykjavik, July 2, may depend on who will be first to seize the initiative.

Tass called Spassky, 35, a universal chess player. His rich intuition enables Spassky to effect sharp tactical turns in a fluid involved position, Rokhlin said. The strategic concepts of Fischer are much different Rapid appraisal and accurate calculation of variations are Ms (Fischers) strong point, it said, adding, his Achilles heel is the psychological and emotional aspect of the struggle. -They have approximately equal chances in the match, he said. 1 i if CIGARETTES FOR FATHER All REGULAR KING SIZE 7011 BLACK DICKER 15 PC.

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