Kossuth County Advance from Algona, Iowa on October 10, 1966 · Page 6
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Kossuth County Advance from Algona, Iowa · Page 6

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Location:
Algona, Iowa
Issue Date:
Monday, October 10, 1966
Page:
Page 6
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tfowa) AbVANCI M6N5AV, 6€7< 10, hdustfy as a whole and how the ndividiial company is doing in t, a study of the .'fitrn's ' ate. Do this,ahd yoyf ; olUb wilJ on a '' Q. I em a, widow, 70. thinking of the best >yay to leikve my estate for nrty children, I believe I should twitch > from common itoek holdings to preferred* or bonds. Whit is your opinion? A You 'hold very good stocks find I,see rio'reason.for change unless you are aiming for high- fer inewnel 1 know that you can make glfte of each of these types of securities, and include them in a trust or will,'as well. Which of these legal acts is the "best way" for ypu to leave your estate to your children, would ba better discussetl with an attorney. I am not aware of any benefit that your heirs .will 4e- rivc if, you change from common to preferred stocks. I Would also suggest that you talk to an attorney about any legal conse quences, which might ' affect your heirs if you switch to bonds. Q. I guess this will sound naive In view of the subjects you usually discuss in your column, but a friend insists that it costs more to sell stocks than it does to buy them. She especially cited the 12Va cents a share charge for selling odd lots, (tried to tell h«r that the charge was the same both for buying and selling, but didn't convince her. Obviously, she has half convinced me she is right, Equally obviously, Of jther of us is the Hetty Green of our financial world. •• A. Your friend's line of thou- gjht'undoubtedly twill strike terror in the hearts of all stockbrokers who read this. Charging more to handle a sale than to make a purchase would .quite possibly cause some people not to sell and would pretty surely slow down the market, since there would be a strpng inceptive to hold onto any stocks once we had bought them. Much as this agrees with the National Association of Investments Clubs' principle of "buy and hold" rather than constant in-and-out trading, I'm afraid this wouldn't be nefit the market. Your Mend is right of course in claiming that one pays a higher commission on selling odd kvts than on selling'round lots; bill you pay the same higher commission on buying the odd lots also. . .••••'.,. ; Since you and your friend are so interested in the stock market, why don't you get a group together and: form an ! investment club? You could learn a; bout tile stock market and possibly build yourselves a good SC L curity account. I am sending the I N. A. I. C. booklet, "An Invest< ment Opportunity for You," 'i which tells you how to go about "i it. Our program is aimed to f help the beginning investor. :, Q. My investment club is two years old. While I realize that • the stock-market in recent ; months has fallen into a trough, , our club has fallen into a chasm. ; Right now, I'm of the opinion we should sell everything we own and take off for the race track! The odds seem better. Do you ,he last five years, a study of the I'M** library fufid. " ' The program Was in charge of tits. Lueffida. Stone, LuVeifne, rid Mrs. 'C&Tfbli GliUsspilJ, ttert- rick. Mr. &iiietJple showed pta Ures of theiif recant silmms'i r|.{> to Europe/ tto'-tasiSes wel*S Mrs. BJafl Ohn and Mrs. James Lenz, formerly 1 Suzie Blake. MUSIC MOTHERS MEET M'uMc Mother's 'first meet- ng of the school year was held n.the luincih room Monday with jha'iieWi"president Mrs. Thees Sohriakehberg presiding. John Elemibald, new director, was introduced and the'vocal teacher Mrs, Phayne Heathman, was also present Tlie secretary, Mrs. Bill Wickofct, is to send notices that th6 irtsurancb on all privately owned instruments owned were due Octobsr 1. Copies of by- laWs will b^ sent to all Music Mothers. Officers met Sept. 30 to plan committees for the year. They will again serve lunch after each baskulball game during the season, and band uniforms will be cleaned every two-years instead of every year. Cookies ; and coffee were served by Mrs. ; Schnakenberg. WED 25 YEARS ?The Roland Lenzes were honored for their silver wedding ! Sept. 28 at their farm home * when their children came. A gift of a silver tray, coffee pot, sugar and creamer was presenitr cd. Refreshments brought were served. They have five sons. Present were the Warren Lenz- es and Randy, Corwitih, Mrs. i (n t ttfr^Bt^yii ft» flVnr.Hi.H.11'Mt*n'WMlit11 iit»n 111 M.I 111111 n ( H HI V*-* v^.\"- ;v'vv. ,-•• ••Vy. •-.-:".V.--- "•-'' --• • •'•'••/• Auxiliary at dates two bake sales LuV«rn* — The Legion Aukil iary mfet in the LuVerne,town hall Oct. 3, with new president Mrs. Allen Blake, ' presiding There were 15 members and one new junior member,, Pam ela Nielsen,, present. They* voted to, hold too bak sales in the near, future. New cupboards for the, kitchen in the neytr Legion building hav been delivered. Oct. 22 was set for final date of birthdays and anniversaries for the birthday calendar th Auxiliary will sponsor. James Mallory, mayor, gave )alk on the'possibilities of Lu- James Lenz, formerly Suzie Verne having a new library.' Blake, Paul, David and Mark, at Sirs. Blake was appointed to home. Jam33 Lenz is in service serve on a committee to promote and in Viet Nam. ? A; ':A casual glance at your 'portfolio provides a pretty good idea why you feel the way you do. Before you press your club to chuck everything away, however, please read on. In case you are one who likes company in his misery, let me re.- mind you that your experience is pretty much in line with what, many other starting clubs go through: before members learn about the market, they usually make a few dandy bloopers. That's why the N. A. I. C. recommends investing only $10 to $20 a month. In that way, learning isn't so expensive. It looks to me as if your club members bought mostly on w'him, tips and taking "fliers"! That's the only way I can account for at least three of the stocks listed in your portfolio with which I am acquainted. Certainly the companies in question had done nothing to indicate that theip shares woijld be a good buy at the time you bought them. Their profits were nothing spectacular when you purchased and their performance over the past few years ha^s been erratic. Instead of "investing" on the horses, I suggest that you insist that your club face up to ti losses you've sustained, get ri< of your "cats and dpgs", then start building a portfolio along the lines recommended in N. A. I. C.'s Investoienit Club manual. Most inexperienced people who try to speculate, wind up witlj the same result you have. But ttoe principlfif of soynd investing are not so difficult to learn and good results are much more likely to bj bad- This involves a study of the wwnpany's profits for FEED BOOKING DAYS T AT YOUR CO OP Take advantage of the Beef-Sheep Booking Days now in progress to book your CO-OP Protein Concentrates, Protein Bjocks, Mixed Minerals and Salt pro* ducts for range or feed lot. CO-OP Beef Concentrates for range and feed lot will provide the protein, vitamins and minerals needed to balance your roughage or high energy- ration, CO-OP >' Minerals range from 3% to 12% phosphorus, There is one for your particular need. WEEK OCT. 9-15 FIRE OPEN HOUSE FRIDAY, OCT. 14th — 6 p, PLAN NOW . , TO BOOK YOUR FALL AND WINTER NEEDS OF CO-OP FEED PRODUCTS AT YOUR CO-OP Whittemore Co-op. Elevator HQBARTON BRANCH CO-OP and Golden Sun Feeds For top . CO-OP gasoline, fuel oil, oils and lubricants Call 296-6614 FlflSz PREVFtfT/ON is everyonB s job AL60NA :: 5*3176 INSURANCE AGENCY JIM KOLP, Qwnfr I BLOSSOM I INSURANCE AGENCY CUAIR BLOSSOM, Own.r Algona Prevent Fire & Personal Disaster MMM Your tommM Afwl FK Fin ProlicHH . , . TOMV! KOSSUTH MUTUAL EVEREH oAKK INSURANCE AGENCY EVERETT BARR. 5 3242 5^3756 A!gon» HAROLD SUNDET WOEPENOENT AGENT HAKQtP 5UNPPT, Qwmr 5-8341 Al«on» BOHANNON INSURANCE SERVICE BQHANNQN, Owntr 5^5443 Algona Farm Bureau Insurance Services MYRON "M*kt"SA*|TH Almtiir £ri|tr< Aftnt 5-3351 *^ ;

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