Lubbock Avalanche-Journal from Lubbock, Texas on April 5, 1975 · Page 4
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Lubbock Avalanche-Journal from Lubbock, Texas · Page 4

Lubbock, Texas
Issue Date:
Saturday, April 5, 1975
Page 4
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6-A lUMOgK AVAkANGHE-JOURNAL—Saturday Morning, April 5, 1975 • iMjfsrtf—T—* : *—— • ON MARKETS By SAM SlUJLSKY Q. 1 HIII 28, earn S16.000 H year, ami Jinvc S2X.WK) group life am) $10,000 \vholo life insurance. My investments consist of sonin electronic slocks, mutual funds aiul weekly E bond purchases. A financial advisor suggested (hat I rash In alt my present insurance and buy some 9Vi per i-cnt real estate mortgage bonds selling at 69. He would then use the bond Interest (o pay the premium on new ierm Insurance nail for (he purchase of shares of a mutual fund, which hn assures me will provide financial security In later \oars. Ynur comments, please. A. I am reluctant to Rive life Insurance advice without knowing more aboul your responsi bilitics. But two. points call for comment: fl) Term insurance has excellent uses, but J have been told by experts that it is not the ideal base for a lifetime insurance program. .Sometimes it may not be renewable, and even if renewed, only at a prohibitive premium in later years. (2) I don't know which real estate mortgage bond be is recommending as a source of money with which to buy term insurance and mutual fund shares. But it should be obviou? that a real estate mortgage selling at 65 cents on the dollar and yielding 14.G per cent is hardly a triple-A base of opera lions. Finally, anyone who "assures" that any equity investment "will provide financial security in later years" is knave, and anyone who believes him is a foo!. • O • Q. My wifr and I urn In our early 70s. We nre divided on the question of saving* certificates versus long-term bonds She favors T/i per cent saving! accounts. I would like to pul snrnci money into B to 11 per cent hands because I have been told that savings accounts prov hie no protection against infla lion. She doesn't want to lie ii| our money in bonds for 15 years or more, even though : Icll her that bonds can always be sold. A. There is nothing unusua -about the position of cither one of you. This is a popular argu rnent. High grade, long-term bonds today yield about 1 pel- cent more than the 7'/i per cent offered by savings certificates. While it is true that a bond due ' in the year 2005 can be liquidated tomorrow, it is also true that there is no guarantee as to what price you will get. You may show a profit or a loss on the sale. Secondly, you must cut your bond sights to around Sti to 8% per cent (not 9 t o 11 per cent) if you want lo .talk about the same quality as insured savings. So what you are talking about is a difference of only 1 per cent. Finally, savings accounts and bonds don't offer any protection against inflation. • • • Q. We want to leave some money to our chilt! and grandchildren but we linvn no faith in our daughter's ability to handle money. At our don tit we would like to tin up (ho capital so as lo assnrn our daughter nf long- term income and our grandchildren an oducatlon. A. Your best bet is to talk to the trust department of your hank or io see an estate lawyer. Q. I am interested in Treasury bonds. How do I buy them and is there a brst time? I hear they pay as high us 12 per cent. A. Rite your tongue! The day our government has to pay 12 per cent for money, we will be in deep trouble. Currently Treasury securities are yielding 5 to G percentage points below your rumored report. If you arc still interested, you can buy Treasury issues —- running from short-term bills to long-term bonds — at your nearest Federal Reserve Bank or branch. An inquiry there will tell you when they are being offered. * • e SHUIJSKY welcomes written questions, but ho will bp able to provide answers only through (Jin column. For information to check on obsolete securities, please include a self-addressed, stamped envelope. Address your requests lo Sam Shulsky, care of The L (/b b o c k Avalanche-Journal, 7 J .O. Box 491, Lubbock, Tex. 7940S. mauds Gersluvin, Porter Tribute Concert Slated Tonight The inimitable music. nf George Gershwin and Cole Porter moves into the Civic Lubbock, Inc., spotlight tonight. Jack anrl Sally Jenkins, hacked instrumcntally by the Mac Frampton Triumvirate, will offer "A Tribute To Gershwin And Porter" in Civic L,ub- bock'.s final show of the 1974-75 season. Songs such as "The Man I Love," "Embraccable You," "I Love -Paris" and "Night And Day" will be heard, The show begins at 8 p.m. in Lubbock Municipal Auditorium. Tickets are available in price categories from $2 to 56. The Auditorium box office, 762-4616, ,will be open from 9 a.m. until curtain time .today/ . • - *• . ThcNawYork subway opened Giant Bedding Clearance! Saturday Only! Save 15% - 40% • r Some top quality bedding from our regular stock and some special purchases, but ail ones and fews-of-a- kind marked down to clear! Shop these big savings on twin, full and super sizes in mattresses and box springs. We're moving them out Saturday at giant savings to you! Orig. $49-$59 Twin Mattresses or Box Springs Top quaify twin bedding in discontinued tickings. Some mis-matched, but every piece a great buy! Orig. $69-$79 Twin or Full Size Bedding Twin or full mattresses or box springs in good qualify with the finest construction features. Orig. $59-$69 Twin or Full Size Bedding Good selection of assorted styles reduced to clear! Many tickings and firmnesses included. Orig. 89.95-99.95 Bedding Group Reduced Twin or full size mattresses or box springs marked down to move out fast. Extra firm, best-sellers! SUPER-SIZE BEDDING SETS Orig. 199.95 2-Pc. Queen Set $139 Orig. 249.95 Queen Bedding Set 149.95 Orig. 279.95 3-Pc. King Set $199 Orig. 349.95 3-Pc. King Bedding $288 Orig, 15.95 Twin or Full Frames 11.99 Pillow Sale! DuckDown Feather Fill New Low Price! Extra Plump, Medium Firm 20x26" Special! "799 20x30" Queen Size 9.99 20x36" King Size 11.99 Enjoy a pair of these big resilient down and feather-filled pillows on your bed tonight at new savings! Exceptionally plump, medium firm resiliency for years of sleeping comfort. 25% white duck down, 75% small white duck feather filling in down proof ticking. All these easy-sleeping features af a new low price! * Domestics Electrophonic Stereo System REMARKABLY LOW PRICE ON THIS COMPLETE STEREO SYSTEM Char-Vue Electric Pedestal Grill 188 88 Reg. 74.95 49 99 • AM/FM/FM Stereo Radio • Full Size Phonograph by Garrord • 8-Track Tape Play/Record System • 8-Speaker Air Suspension System • Speakers Housed in Walnut Finish Cabinets • Efectrophonic Model 948 Enjoy convenient pedestal height cooking on this die cast aluminum electric barbecue grill. 12 X17'/ Z " cooking surface. Infinite heat control regulates temperatures and clean electric element eliminates messy charcoal and lighter"fluid. Real charcoal flavor fast! Instantly read/ to use... no ' waiting for the, "coals to' burn down." Complete with side frays. Black and orange finish. • Housewares SHOP DILLARD'S SOUTH PLAINS MALL STORE MONDAY THROUGH SATURDAY 10 AM TO 9 PM

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