Kossuth County Advance from Algona, Iowa on October 20, 1966 · Page 15
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Kossuth County Advance from Algona, Iowa · Page 15

Algona, Iowa
Issue Date:
Thursday, October 20, 1966
Page 15
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TODAY'S INVESTOR" ^ .» s A —••- »"t """to OT iruntnv waffofnf Atioctatlon of lnv«ttm«nt Club* 0. My broker urged me to sell ?.!**& *! 74; if later wen » »« 178. Also he talked me into buy Ing mutual fund shares although I don't think I'm the type that belongs in one, since I have done fairly well in other investments. Do Vou suggest I change brokers? A. I realize it's a bitter pill to see a stock more than double in it short time after you have sold it; but I'm sure this sort of thing ,. has happened many times to al- '' most anyone who has invested. You must have agreed with your broker at the time he talked with you or you wouldn't have sold. It happens the other way a- rftUrid, -too: My broker told me of a stock he thought was just a- b'o'ut 'ffeh'dy 't& "take 'o'ff." HiS -company's analysts had studied it, decided it was terribly under- priced, its earnings high and they felt a sharp rise in price was almost a certainty. I didn't buy, but kept track 6f the stock. It went up briefly, then dropped about 30 points from its original price. If I had bought, I would have been quite unhappy with both the broker artd myself. Broker's advice is very important to all of us, but buy and sell decisions are oiir own responsibility and we all should develop guidelines to help us judge advice we receive. There are many ways, of course, for us to develop our own judgment. Briefly, here is one way. Get the annual report of the firm in which you are interested; Look at the firm's record for the last five or ten years, using the Na- ;ti6nal Association of Investment 'Clu'bs' Stdck "Selection Gitffle and Ten Minute Analysis to make sure you get answers to import- unit questions. •Study the firm's 'sailes: Have they been rising and have pro- fits risen proportionately? Has it grown faster than the economy as a whole? Is it outdoing its Competitors in the s'ame field? This won't make you infallible, any more than your broker is infallible. Bui it will guide your thinking and two heads are likely to be batter than one. As for staying with this particular broker, why don't you go over your whole portfolio and decide whether his advice as a whole has been good or bad? 0. Do you think that business and the stock market are going to improve next year? A. Sorry, but I seem to have mislaid .my crystal ball! However, judging by what I have been reading, moat business authorities seem to expect the economy as a whole to keep right oh growing throughout the rest of this year and at least until the end of 1967. The fear Seems not so much that business will be bad as that it will be So good inflation Will take over and cause very serious maladjustments. it's true that a minority of economic analysts disagree, and .think that the energy that the war in Vietnam has been putting into the economy will 'peak some time nekt year and after that bus- Members of education group Mrs. Fefrt'CoffMan df Netvtcffl afid Mf. Itfid Mrs. Johfi ft. ffh df 'CoYMth were &faeflt<«Mi Visitors Ift,ftte Hfl«1e, Later ift tite day 'fifty Vi&ted Mf. afid Mrs. Nels N&Stffi s ifi fitirt, Mr. kti& Mrs. ftefiry Mutter of Whitteftioi'c, and -Mrs. ftoger Yar- brbugh and childish of Hamil- ttfft, '111., were 'Friday afternoon | visitors and sUpper gUeste in the Roger Bcfttt home. YarbftHih is a sister of 'Mrs. Scott. ' Mr. and Mrs. Ole FVettdalil of Algoha were Friday dinner gue&ts in the Vidttir 'Fitoh home. "Worry heverrobs tomorrow of its sorrows; it only saps today of its strength." MgMaits Lake the Smith a'ttttiftsd a ih«4ll palities legislative ^..^ the ses*i6fl that takes U&fft jj)m uary. Primary dlsciissidh ji me&ting was on the disr 1 - 1 of the road use tax fund I&wa League is advodstiflrg creasing the share for .cities from 13 parcetit to 20 p^rrarit, Also advocated at the Spirit Lake meeting was coun'ty Ittey- or's organizations similar tb |the Ko:.suth crmnty -——• I -"« u ^* PICTURED ABOVE' ate members of the Algona Education Association, they are, left to right, Corrine .Sh'imel, vice president; Kathryn Sorenson, guidance counselor; Elgin Allen, high schoolprincipal; and John Vint, president of tha local association. Miss Sorenson is the local AEA chairman of the Professional Rights and Responsibilities Committee. She was one of a nine-member state committee who recently met in Des Moines in regard to this issue. Elgin Allen is a member of the Executive Board of Iowa's North Central District for Education. He is responsible for planning a tri-courity (Kossuth, Winnebago and Hancock) meeting to be held in Algona, Oct. ,31. Miss Shimel and Mr, Vint and Mr. Richard Schneider (not pictured), local legislative chairman, recently attended a district Iowa State Education Association meeting in Hampton. Wherever you go. XLGONA (Iowa) ADVANCE—7 THURSDAY, OCT. 20, T9*6 It Takes More That a SMILE to be a ness will go into a decline. However, the concensus is that our Gross National Product will reach $871 billion in 1967 — up $42 billion from the present year. ' ' < *• If the majority is right, busi-, nesses will keep on producing at a high level, which means a continuance of nearly full employ-, meat and higih wages. And if businesses increase their profits, iiheir stocks will be worth more, intrinsically. What the stock-buying public is going to be willing to bid. for them at any particular time, is of course a question none of us can answer. But I have no fear for the investor who carefully buys good values for the long term. * * # Have you a question about in vesting? Mr. O'Hara, editor of the monthly magazine, "Better Investing," and one of the nar tion's recognized authorities, will be glad to answer it. Write to T E. O'Hara, National* Association of Investing Clubs, Dept. S, Box 1056, Detroit, Michigan -48231 enclosing a stamped, self-addrest illl'S home is always within talking distance People on the go are finding public phones in the most unexpected places nowadays. It's part of Northwestern'Bell's program of making handy phones available wherever you may be. After all, keeping in touch is an important part of everyone's life ... and what better way is there to keep in touch than with a quick, inexpensive phone call?' |\|ofthW6St6m Bell HOUSE — The 1V 2 story gray, limestone house owned and occu-> pied by Mr. and Mrs. Otto W'., Tesch, St. Ansgar, is celebrating its 110th birthday this year. The. house was built in 1856 originally for Rev. Claus L. Clausen,' founder of St. Ansgar. Mrs. Tes-1 ch's grandfather was one of the original pioneers who came to the St. Ansgar area with Rev. Clausen. St. Joe G.D.A. will receive new members St. Joa—CD of A met Wednesday in St. Joseph School hall Following the rosary and benediction in St. Jospeh's church. Mrs. N. J. Weydert presided. A $15 contribution was made to the Catholic Neighbor program on KAYL, Storm Lake, and Garri- gold $10. Coffee and water in sulated servers, water glasses and brief case for the grand regent were approved. Father Mar queitte Day will ba observed Oct 30 at Holiday Inn, Waterloo, with an historical meeting with reser vations to be made by Oct. 24. \ The next meeting, Nov. 9, will also be the reception of new members with a 6:30 pot-luck dinner proceeding the ritualistic work. Applications for new members and reinstatement should be made by Nov. 7. Officers meet -Nov.' 7. In charge of dinner are Mrs. Ted'Hilbert, Mrs. Ray Thilges, Mrs. Wm. B. Devine, Mrs. Ralph Reding, Agnes Berte, VIrs. Hubert O'Brien, Mrs. Don illg, Margaret Reidmiller and Mrs. Herb Kayser. Lunch was served and cards were played with Mrs. Adeline Wagner and Mrs. Tony Becker receiving prizes. Mrs. Hubert O'Brien received plate prize. returned home Tuesday evening after spending about four weeks n Dayton,' Ohio, visiting their son Mr. and Mrs. David.Sarchet. and family and at Fairborn, Ohio visiting another, son,-^ Mr. and Mrs. Allen Sarchet and .family! Mrs. David Sarchet spent some time in the hospital with a bad case of kidney infection. Mr. and Mrs. Robert Sarchet took care of the two small boys 4 years and one and a half years old, until the mother was able to come home. While there they also went to Rittman, Ohio, to visit a sister of Mrs. Sarchet, Mr. and Mrs. F. O. Kanehl. A sister, Mr and Mrs. Louis Cook of Santa Cruz, Calif., was also visiting there at the time. IT TAKES COURAGE to look the President of the United States in the eye and say, "Sorry, that's not whatthe people in my-districtwant." IT TAK;ES FORESIGHT 'to,knowjthat when you vbte for Wild "spending, you make your people pay 'dearly through inflation. IT TAKES WjLL to resist when you see bureaucracy stealing welfare money, from the'needy. IT TAKES VISION Ho^deve'lbp 'ideas of your own, riot just mimic others. VOTE FOR COURAGE, FORESIGHT, WILL, ft VISION WILEY MAYKE FOR CONGRESS REPUBLICAN , MAYNE FOR CONGRESS COMMITTEE,., .ROBJ. GLEESON, '.TREAS. Talk trucks to those square shootin* good guys! first! The Frank Bormanns, Davenport, spent several days with their daughter, the Maurice Redings after returning from nine days with the Karel Bormanns at Renton, Wash., and Art Clarks in Auburn, Wash. Karel and Mrs. Clark are son and daughter of the Bormanns, who made 'the trip by plane from Mason City. The Leonard Youngworths, Denver, Colo., had their 25th wedding Oct. 14. Leaving Thursday evening for the weekend from Perry by train for Denver were Mrs. Bill McGuire, Mrs. Marvin Reding, from here, Ed Youngworth, Mrs. Albert.Kram- er and Karen Kohlhaas, Whittte- more, and Mrs. Art Plathe arid Jack, Corwith. Ed Youngworth is the father of Leonard, and-Mesdames Kramer, Plathe, McGuire and Reding. Art Kohlhaas had an emer gency appendectomy in St. Ann hospital, Algona, Wednesday. Portland Mrs. Victor Fitch THE DODGE BOYS HAVE TOUGH TRUCKS AT GENTLE PRICES! When it's time to talk trucks, talk to the Dodge Boys first! From the famous Sweptline Pickup shown here to the hugest diesel, the Dodge Boys have a truck to fit your needs. And, best of all, they h.ave the terms and prices to fit your budget best! Percival Motors, Inc. (You can tell they're good guys they all wear /Awhile hats) SOUTH PHILLIPS ALGONA, IOWA Mrs.'Lawrence Govern went t Oes Moines to visit her sister Sister Mae Murphy last weekend Mr. and Mrs. Harold Andersor Sunday dinner guests in th tiome of Mrs. Edna Brundage a Sanbcrn. Mr. and Mrs. Robert Sarche DON JORGENSON FOR COUNTY TREASURER VOTE FOR PROMPT AND COURTEOUS SERVICE Paid Political Ad Brand new 3-T Nylon TIRES TUFSYN Goodyear s great economy tire, the Nylon All-Weather • Get a good buy on this Tread detifs Tire $Q95 8 URING US YOUR RECAP- PABLE TRADE IN TIRE TODAY 10 45 BUT AT THESE LOW PRICES NOW $ 13 45 7.75x15 Tube-Typ* Blackwall. Plus Fed. Ex. Tax f 1.58 #nd your recap- pa bl» tir«. 7.75x14 Tubelest Blackwall. Plg» F«d. Ex. Tax $149 tnd yeur r»e«pp«bl« tir». 7.75x14 WWt»w«n Tubeless. Plus Fed. Ex. _ T*« tl.|| *nd your r«c«pp*bl« I 1 *r». • ' NO CASH NEEDED! FREE MOUNTING! PAY ON EASY TERMS! GOODYEAR NATION-WIDE "NO LIMIT" GUARANTEE—No limit on months » No limit on miles t No limit as to roads * No limit as to speed * For the entire life of the tread. All N.ew Goodyear Auto Tires are guaranteed against defects in workmanship and materials and normal road hazards, except repairable punctures. • Auto tires used on trucks are excluded from the road hazard portion of this guarantee. If a Goodyear tire fails under this guarantee, any of more than 80,000 dealers will make allowance on a new tire based on original tread cjopth remaining and Goodyear's printed "Exchange Price" current at the time of adjustment, not on the higher "No Trade-in Price." Hilton's Sinclair Service 295-3654 State & 4one$ Streets

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