Kossuth County Advance from Algona, Iowa on October 24, 1966 · Page 7
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Kossuth County Advance from Algona, Iowa · Page 7

Algona, Iowa
Issue Date:
Monday, October 24, 1966
Page 7
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AL60NA (towaj MONDAY, OCt, H * V >: * ,BYTHOMA*t.O'HAflA Chftnmm, Botrd of TruitM* Nittontl AM'H *f in«tib»*it CtvM 0. My wife and I ere both retired and we have $52,000 In a mutual fund, from which we heve elected to receive $240 a month. We alto have $58,000 in tavings-and-loan association ac;• counts drawing from 4.5 to 5.5 per cent, plus a bank-saving* ac • cMmt. We own our home clear of debt. Could we find stocks : giving us any better return than the savings and loan? Can you " suggest how we could improve our investment? \ A. I'see no great urgency a bout making a change in you present investment situation. However, at present markei ; prices in today's market you ' could buy top-grade common or : preferred .stocks or convertible corporation bonds that would pay you the same or even a sli-, ghtly better income than you are getting now from your savings- and-loan accounts. On the other hand, you would of course be subject; to the natural fluctuations in the stock market—which might make you nervous if you are not used to this kind of investing. Go to the trust officer of your bank and get his recommendations or to a broker you know well. If you receive social se^ curity payments or some other pension income in addition to the assets you have listed, I would be inclined to suggest that you consider putting half of your savings-and-loan account into good-grade common stocks. This would give you a hedge against inflation that your savings account does not provide. Q. I have quite a lot of Minnesota Mining stock. A mutual- fund salesman is trying to get me to sell $250,000 worth of it to put into an irrevocable private annuity that will pay me $19,500 a year, 52 per cent of which would come out of principal. This means that in 20 years half of , the principal would be diftipat- " ed. The salesman claims, however, that the principal will be recouped during the same period by appreciation of the fund; he claims this will save my heirs a lot of money in inheritance taxes, probate fees, etc. I am skeptical. A. My advice is: "make haste slowly!" be sure you have all the answers before you act. The record of the fund you mention is good; over the last ten years, figuring dividend accumulation and capital appreciation, it has averaged a compounded annual growth rate of better than ten per cent. If the fund is able to continue this growth for the next 20 years, then it will maintain your prjcipal throughout even while paying you your $19,500 a year. The fund of course cannot guarantee this performance. On the other hand, you have a very fine security in 3M — a company whose performance during the last 20 years has been sensational. Its stock has gone from $3 to $75, and the dividend rate has risen from 6 cents to $1.20 a share. Although I question whether 3M can maintain this record for another twenty years, the company still shoulc do very well — and quite pos sibly out-perform the mutual fund by a substantial amount. As to inheritance taxes and probate fees, I urge you to check with your attorney as to the best way to handle this problem. You are dealing with a great deal of money. You should not hesitate to spend some money to get pro* fessional advice — both legal and financial — before making a change. I suggest you talk also to your local bank's trust officer and, if there is a professional investment advisor or consultant in your town, consult him too. You are under no obligation to take the advice of any of these people, but after hearing all of their recommendations you will be in a much better position to take the action that is best for you. »«**+*•*••*••«+•**•««+* WIRING Connected or Corrected UTT "JIM UTT« ELECTKIC Phone ' '•''"'' ' "" ' ' 10 Why You Should See SEELEY REALTY CO. 1. We Have An Established FARM LOAN Connection Of More Than 25 Years. We Have Honey To Loan. 2. We Believe The Public Must Have ACCURATE Information In Our Advertising. We Wish To Present The following Facts - During the period March, 1964 through August, 1966, a total of 34 farms aggregating 5586 acres were sold through this office. Of this number, 20 farms aggregating 3286 arcres were sold by Paul M. Seeley - 7 farms aggregating 1265 acres were sold by salesmen with the assistance of Paul M. Seeley- and 7 farms aggregating 1035 acres were sold by the salesmen without assistance. During the same period a total of 73 houses were sold. Of this number, 42 were sold by Paul M. Seeley and Mark A. Seeley, and 31 were sold by the three other salesmen, some of which with the assistance of Paul M. Seeley. 3. We have worked with many brokers not only in Kossuth County but in many Counties of the State as our policy has been Cooperation among brokers for the benefit of our Clients. In our 30 years in this area, we have a large acquaintance with the best brokers in the Slate which not only gives you the best efforts of local brokers but also many excellent brokers throughout the State. 4. We are a member of National Institute of Farm & Land Brokers - a member of the National Association of Real Estate Boards, and a member of the local Kossuth County Board. We are licensed in Minnesota. We can offer the Farm Multiple listing service. We have available farms in Most Counties of Iowa for sale. i 5. We Can Offer EXPERIENCE And KNOW HOW In Handling The Contracts, Financing, And (losing. 6. An Appraiser For The Veterans Administration Over 15 Years. 7. Sales Of Over 30,000 Acres In North Central Iowa - Our Experience Can Help You Buy With Our Knowledge Of Soils, Drainage, And Other Practical Farm Problems. 8. Eight Years Experience With The Farm Loan Division Of One Of The Large Life Insurance Companies In Iowa, Nebraska, And South Dakota - Which Company Handled Over 2500 Farms, Aggregating Over 500,000 Acres. 9. Three Years Experience In Canada - This Company Sold Over 60,000 Acres. 10. We Give You 100% Of Our Time - No Sidelines. FARMS FOR SALE HOUSES FOR SALE 80 A. PORTLAND TWP. — Very good House, You can buy this with only $5,000 down — balance favorable contract. Beautiful home in a beautiful setting south of the hospital in one of the fine additions of Algona — $30,000. Home with income — 2 bedrooms and bath down — 2 bedrooms and bath up — $11,000. 128 A. RIVERDALE TWP. — Good buildings for livestock- modern home — can be bought on contract. A very nice 3 bedroom ranch type home — Only 3 years old —$18,500. 320 A. HARRISON TWP. — One of the very good half sections — house modernized — fair outbuildings. 1 bedroom down — 3 bedrooms up — good condition — $6,500, 393 A, LEDYARD TWP. — Good practical buildings — ASC shows 379 A. under cultivation — 180 A. corn base, Excellent condition — 2 bedroom home — recreation room- can be expanded to 3 bedrooms — $13,500. 320 A. NORTH OF AUSTIN — Lays beautifully — Equipped for dairy cattle. Older 2 bedroom with den which can be used as third bedroom— $10,500. We have a buyer for four or five bedroom home — must be very good — would pay $20,000 to $25,000 for a nice home if value there. Farms For Sale in Winnebago — Emmet — Palo Alto — Hancock — Humboldt and many other Counties in the State. 3 bedroom home — good sized kitchen — very good condition — $14,500. 4 Homes sold — We have buyers — List your home today. SEELEY REALTY CO PAUL M, SEELEY MARK A. SEELEY (REALTOR) (OVER S*L BUILDING) — OFFICE PHONE 295-2350— RESIDENCE PHONE 295-3174 or 295-2670 LEO FRANKL PHONE 295-5479 SHLEY'S saiw SECURITY FARMS HOMES LOANS'APPRAISALS YOUR SIDEWALK Of gCUUTY m •li I HI Ml M111 i MM MM 11 Mi I li H.-H" 1 HI M i i Hi-i 1 fc*

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