Galesburg Register-Mail from Galesburg, Illinois on July 12, 1973 · Page 14
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Galesburg Register-Mail from Galesburg, Illinois · Page 14

Galesburg, Illinois
Issue Date:
Thursday, July 12, 1973
Page 14
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f % Galesburg teaisttr«Maii, Golesbuffl,..,!!!. Thursday, July 12, 1 9 ?3 Recent Mutual Fund Growth By CARLTON SMITH Look it the most recent performance data on the mu- tuaftftnds and you'll conclude th&fclnvestors have done pretty m\ - or pretty poorly depending on how long a Anyone except the very greedy should be pleased by a 39 per cent increase In the value of an investment over a period of two years and nine months. That's the average for all growth funds, large and small — 189 of them — according to a "special first-quarter report of the Arthur tipper Corp., an investment banking firm that computes a continuing performance analysis of 'mutual funds for the in* dustry. NOW LENGTHEN the yardstick to six and a quarter years. Averaging out the growth funds going back to the end of 1966 (fewer of them are that old; only 125 on this list), Lipper comes up With a figure of 43 per cent growth. Not exactly a spectacular result. Better than the investor could have done with his WEDDING S GIFTS mi Wil love, honor and j ciorUhi perfect gift from j CLARK DRUG 1440 N. Henderson 342-4169 money in a savings account, but not much better. Next, cut a year and three months off the yardstick, it's now five years long — measuring the average performance from the end of March I960 to the end of this year's March. The average, with 171 funds on this list, is a meager 9.24 per cent. litis reflects, of course, the terrible clobbering that most growth funds took in 1969 and 1970, when the stock market was going through its worst bloodbath since the '30s. The investor who had the ill fortune to buy his mutual fund shares in 1968 is only now beginning to get a little ahead of even — despite.the good showing of the growth funds since mid-1970. THEY HAD BEEN doing well, that is, until 1973 rolled around. During the first three months of this year, share values fell off 14.83 per cent, on the average, for the 226 funds Lipper now puts in the "growth" category. Still, do all these figures tell the investor, or potential investor, very much of what he really wants to know about mutual funds? It can be argued that information about "the averages" doesn't really tell him much, since he's not going to invest in an average. He buys shares in one or , more particular funds. Getting down to particulars, then, a few funds have done well by investors who've hung onto shares over the whole five years. Out of the 171 on the Lipper list, just one out of 10 funds — 17 of them — gave investors a growth of 50 per cent or better. AT THE OTHER end of the scale are the losers — twice as many of these. Thirty-five funds experienced declines in share value over the five years. A few fell off 70 per cent or more, but these are exceptions. Most of the declines are in the range of 5 to 20 per cent. An investor looking for a mutual fund to take care of his money should be able to avoid the losers, simply by looking at a fund's five-year record in its prospectus. "The five-year' period," says Upper, "is considered reasonable in terms of evaluating the performance of most funds." At the top end of the scale, it's the law of probabilities that does the eliminating. Without considerable luck or exceptional skill, the investor can't hope to pick a star performer that's consistently in the top 10 per cent. So leave out the losers, end the stars, and what's left are the just- so-so funds to the pretty good ones. IT'S ONE OF these that the investor can reasonably expect to be "his" fund, if he exercises a little diligence in looking at performance data before he invests. This group — numbering 119 funds on the Upper last — averaged a 9.3 per cent increase in share value over the past five years. This is a figure that, though it's an average, can tell the potential investor something. If a fund that he's studying has bettered that figure between April 1, 1968, and April 1, 1973, it's a fairly reliable indication of a fund whose performance should fall in the upper half with some consistency. Many investment counselors are still convinced that mutual funds offer the investor Of moderate means his best opportunity of at least staying ahead of inflation — and perhaps, in the long ham, seeing a substantial increase in the value of his investments. A LOT OF MUTUAL fund investors who got burned in 1969 and 1970 are still twice shy. The industry's statistics make this plain. But for those optimistic about the long-term trend of the market, now's as good a time as any to begin a program of acquiring shares at regular intervals, based on the principle of dollar-averaging. Few investors who've followed that practice over the past five years have reason for regrets. (Newspaper Enterprise Asm.) Menard Prison Gets New Head SPRINGFIELD (UPI) - A former prison official from Pennsylvania has been picked as warden at Menard Penitentiary. Illinois Corrections Director Allyn Sielaff said Wednesday he has named Tom Israel of Huntingdon, Pa., to the post, effective July 23. Israel, 30, will succeed Elza Brantley who retired as warden in February. Israel formerly served as deputy superintendent of the Pennsylvania stole correctional institution at Huntingdon. He is married and the father of two children. Hotpants Contest It was a girl watchers' delight yesterday in Detroit as the city's loveliest turned out at Kennedy Square for the annual hotpartts contest. The girls paraded around the-fountain area in their shorts and the audience did the judging. UNIFAX USE ITCH-Mf-NOT TO STOP THAT ITCHI Acts like a local anesthetic. Apply quick-drying 1TCH-MB-NOT (contains 6 itchrstoppers) for eczema, insect bites, toe itch, other surface rashes. Antiseptic Wlto setMis, speeds healing. If not pie a serf in IS MINUTES, your 69c back. TODAY at OSCO DRUG. Alpha Native in Peace Corps Training Downtown Golesburg JULY ! Clearance Sale! MEN'S SPORTCOATS ALPHA—'Miss Linda Bugos, daughter of Mr. and Mrs. James Bugos of near Alpha,'left July 6 for two months training at the Jamaican Peace Corps Training Center in Kingston, Jamaica. She has been offered a two-year tour of duty in Jamaica. Miss Bugos is a graduate of AiWood High School and a June 1972 graduate of Loyola University Dental School in Chicago with a degree in dental hygiene. She has been attending classes at University of Illinois and working for Dr. C; F. Hausser- miann in Champaign for the past year. Her address is American Peace Corps, American Embassy, Kingston, Jamaica. Clyde Barton was admitted July 6 to Moline Public Hospital for observation and treat* merit. Mrs. Larry Phinkett was admitted July 6 to Galesburg Cottage Hospital. Gene CoUingwood returned home July 7 following surgery in Molina Public Hospital. and Mrs. Holger Carlson. Mr. and Mrs. PhU' Olson of North Henderson were July 4 visitors at the Carlson home. Visitors over the July 4 holiday and Weekend at the Theodore Johnson home were 'iiii'iiiiiiii'jiiiiiiiiiiiiiii » i, Linda Bugos WERE $ 39 95 - M5 00 SALE PRICED »29" WERE *50°° - $ 59 95 SALE PRICED $3988 WERE *65 00 - $ 69 95 SALE PRICED $4988 WERE $7500 . $7995 SALE PRICED $cns8 59! WERE *85°°-*89 95 SALE PRICED $69 88 WERE noo 00 -^ 00 SALE PRICED $3488 WERE M2 00 - $ 16 95 SALE PRICED |88 »10' MEN'S PANTS WERE $1700 .$1995 SALE PRICED $|488 WERE $ 21 00 - $ 22 95 SALE PRICED 88 »18 WERE $2495 m $2750 SALE PRICED $ 22" WERE $2995. $3250 SALE PRICED $2488 WERE $3500 . $3750 SALE PRICED '29" CUFFS ARE FREE Other Alterations at 0 Slight Charge The 18th annual Nelson reunion was held Sunday ait the home of Mr. and Mrs. William T, Nelson, with 33 people attending. A potluck dinner was served at 4:30 p.m. Hokan Nelson, , of Moline was the oldest person present. Mr. and Mrs. Clifford Montgomery and family, in company with Mrs. Montgomery's sisters and their families, Mr. and Mrs. David Barton of New Windsor and Mr. and Mrs. Jack Murphy of Baltimore, Md., returned home June 29 from two weeks' vacation. They toured Disney World, Silver Springs, Fla., and places in North Carolina. Mr. and Mrs. Charles Paul and family returned July 2 from a week's visit with T.Sgt. and Mrs. James Evans and family in Biloxi, Miss. Tony and Diane Evans came back with them to visit their grandparents, Mr. and Mrs. Leland Paul. Steven and Bradley Carlson of Decatur are spending a week with their grandparents, Mr. Liz and Dick Meeting in Rome NEW YORK (UPI) - Rich ard Burton, described as "very much on the wagon," and Elizabeth Taylor will reunite in Rome next week after a week long public separation, it was reported today. Quoting friends of Miss I Taylor's in Hollywood, an undated dispatch in the New York Post said the couple will meet in Rome, where Miss Taylor will make a movie, on July 20 and will probably reconcile their marriage. The story said Burton was I already on his way to Italy and (he too was hopeful of putting their nine^year marriage back together. Miss Taylor announced July 3 that they had separated but she said at the time she was hopeful they could get back together. She left New York late last week for California. READ THE WANT ADS! Downtown Galesburg NEW Hoover & Eurekd VACUUM SWEEPERS ALSO HO^lb fii bAGS KOH Al L MODfLS ft O I" ELECTRIC I m Mr J-i 11U If \JL I old E Maui Mrs. Bruce Johnson of Aledo, Mr. and Mrs. Wayne Bliakeney, and Mrs. Bess Blakenely of Ridgefarm. A vistor last week was Mrs. Maribell Mills of Tucson, Ariz., who spent several days here. Other recent visitors to the same home were Mrs. Nana Glascock of Richmond, Mo., Mrs. Coyfa Jackson of Hamilton, Mo., Mrs. Helen Howe of Shawnee Mission, Kan., the Donald Johnson family of LaGrange, the Roger Johnson family of Kewanee and Steve Johnson ,of De Kalb. Mr. and Mrs. James Batter son and family spent July 4 and weekend with his parents, Mr. and Mrs. Carl Bafcterson, at Eldon, Iowa. Mrs. Virginia Kelly spent July 8, visiting Mr. and Mrs Larry Lively at Ottumwa, Iowa. Mr. and Mrs. Elmer Dean Price, who were recently married, were honored at an open house July 7 at the home of Mr. and Mrs. David Lambin where approximately 50 guests attended. Mr. and Mrs. Theodore Gray nd son Nicholos of Defiance, Ohio, spent the weekend visiting, her brother-in-ilaw and sis ter, Mr. and Mrs. Phil Steele and family and other relatives here. Mr. and Mrs. James Van Stechelman of East Moline visited July 8 with her mother, Mrs. Genevieve Bland and grand- Genuine Diamond going steady is a ring-thing . . Two beautifully worked hearts linked with a genuine diamond in a 14K white gold mounting. When you do buy an engagement ring, the full amount of 19.95 will be credited to you In trade regardless of age or condition. We Buy Diamond! tad Old Cold. All types of Jewelry Mid Welcbei Repaired. Clean Your Watch — *7.M. Muter Charge American Express Bank Americard and Charge Account! Invited. IlUnola •foil Popular Jeweler* Phone 343-1412 241 EAST MAIN ST. Galesburg, III. OPEN MONDAY & FRIDAY NIGHTS 'TIL 9:00 P.M. mother, Mrs. Laura Adams Gregory VanStechelman who had visited here for a few days the past week returned home with his parents. Mrs. Nellie Peterson, Leland Peterson and daughter Heidi, and Mrs. George Wirt and daughter Brigette attended the KaMn-Gustafson reunion July 8 at Lake Storey in Galesburg. PRAIRIE PLAYERS 656 W. LOSEY ST. PRESENTS CHILDREN SHOW THE CROSSROADS JULY 7 -8 & 14-15 TWO SHOWS EACH DAY 1:30 PM & 3:30 PM INDIVIDUAL TICKET — 75c TICKETS AVAILABLE AT: O. T. JOHNSON'S — LINDSTHOM'S BUROLAND'S — 3. C. PENNEYS Farmers .-«• Mechanics Bank ANHOUNCK* BONUS CHECKING NEW DIMENSION IN BANKING . . FARMERS & MECHANICS BANK proudly announces a new dimension in Banking. Our NEW OUT LOOKS CLUB™ Join Now and For Only $3.00 a Month You Can Enjoy a Full Rainbow of Banking Services. ©1972 Mwkltlni Outlook, Inc. FREE PERSONALIZED CHECKS • FOR CLUB MEMBERS That's right . . . FREE personalized checks and deposit slips ... as many as you need. Your name, address and account number printed on every one. NO MONTHLY SERVICE CHARGE... Now you can write all the checks you want and not have to worry about the cost. No minimum balance required. FREE TRAVELERS CHECKS ... You get all the tavelers checks yoi\ need for trips without having to pay any issue charges as a Club Member. FREE CASHIERS CHECKS... Here again . . . Farmers & Mechanics Bank Cashiers checks issued without service charge. 'Underwritten by The American Home Assurance Company. Muter policy li Issued to New Outlooks Club Trust. $10,000 ACCIDENTAL DEATH/ DISMEMBERMENT COVERAGE* Every NEW OUTLOOKS CLUB (TM) member gets $10,000 accidental death/dismemberment coverage for loss of eyesight or limbs. PERSONAL MONEY ORDERS Another free service. FREE GIFT CARDS AND CHECKS ... Perfect for birthdays, weddings and all other gift occasions. Again no fee. MEMBERSHIP CARD... Your NEW OUTLOOKS CLUB (TM) membership card makes all these services readily available to you. Join now and get Farmers & Mechanics Bank's full rainbow of banking services for a fixed rate 'of only $3.00 a month. Don't wait. Come by today, or phone 343-7141 and find out what other benefits are available to the New Outlooks Club members. Just Fill Out The Following Easy Application NAME OF POLICY HOLDER NEW OUTLOOKS CLUB TRUST MASTER POLICY NUMBER EAP 9993169 APPLICATION is hereby made to the American Home Assurance Company for accident Insurance under the tterms of the MASTER POLICY identified above. (PLEASE PRINT OR TYPE) NAME OF INSURED (Last) (First) (Initial) DATE OF BIRTH ADDRESS OCCUPATION AMOUNT OF PRINCIPAL SUM $10,000.00 BENEFICIARY DATED .19 SIGNATURE OF APPLICANT Send or bring application to our office. CUT ALONG LINE —Where Banking Comes to Life! THE FARMERS AND MECHANICS BANK GALESBURG, ILLINOIS MEMBER OF FEDfRAL DEPOSIT INSURANCE CORPORATION

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