The Penny Record (Bridge City, Tex.), Vol. 37, No. 27, Ed. 1 Wednesday, November 1, 1995 Page: 15 of 21
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Financial
Focus FI
Geoffl® Mortimer. Invertor Ypp'
ward Jones
R^X)rt*<l by Goor ge Mortmor. Investor
Edward Jones
Serv^g Mvldual tivetton Snce 1871
Stocks for the Golden Years
It tak«s years of hard work and discipline to accumulate a retirement
nest egg. So it’s understandable that retirees want to safeguard their
assets, often choosing investments that guarantee their principal.
With such investments, many retirees figure, they can live off the
interest and never run out of money.
In fact, investment professionals suggested for many years that as
investors grow older, more of their assets should be placed in bonds,
which guarantee principal if held to maturity. The old rule of thumb was
that the proportion investors keep in stocks should be 100 minus their
age. At age 40, for example, a mix of 60 percent stocks and 40 percent
bonds would be appropriate. At age 70, however, that mix would
change to 30 percent stocks and 70 percent bonds.
However, in a recent interview by Mutual Funds News Service, a major
investment manager said such over-conservative investing could
actually prove overly risky. Although your principal may be guaranteed,
it has no opportunity to grow. And retirees need some growth in their
investments to stay ahead of inflation.
In fact, today's 70-year-olds can realistically plan for another 20 to 25
years of retirement. Over such a long time period, inflation can be a big
factor. Even at a reasonable annual inflation rate of 3 percent or 4
percent, the fixed levels of income offered by guaranteed investments
can lose more than 50 percent of their purchasing power over a 10-year
period. For example, during the last 40 years, the price of a stamp has
risen from 3 cents to 32 cents.
To help stay ahead of rising prices, today's retirees should follow a
different rule of thumb: Bonds should be no more than your age
multiplied by 80 percent. The rest should be in stocks. For example, a
60-year-old's investments should be 48 percent bonds and 52 percent
stocks. At age 70, the combination should be 56 percent bonds and 44
percent stocks.
The reason for having more invested in stocks than traditionally
recommended is to allow capital to grow. Otherwise, professional
money managers say, retirees risk losing buying power to inflation or,
worse, running out of money. One of the best ways to achieve that
growth is with stocks. According to the 1995 Ibbotson Associates
Yearbook, the compounded annual return for the period 1925-1994 for
various investments was as follows: Stocks: Small Company Stocks,
12.2%; Large Company Stocks. 10.2%. Bonds: Long-term
Government Bonds, 4.8%; U.S. Treasury Bills, 3.7%.
Over the same period, inflation averaged 3.1 percent, and stocks did
a significantly better job of outpacing inflation.
However, it is true that stocks offer greater price swings than most
fixed-income investments. Diversifying your portfolio with the proper
mix of fixed income and growth investments can help minimize the risks
of price swings.
Over the long term, stocks have proven to outperform any other type
of investment. Don't miss out on their advantages, especially during
your golden years.
Nancy’s
Kitchen
By
Nancy McWhorter
This is my friend, Betty Norwood's recipe: it is soooo good.
Plan serving it to a crowd because it will make a large amount.
You'll get rave reviews.
Shrimp Bayou Oaks
1/4 stick margarine
1 medium onion, chopped
1/2 medium green pepper,
chopped
2 cans cream of mushroom
soup
1 can cream of celery soup
1 (6 oz.) roll jalapeno cheese
8 oz. cream cheese
1/4 tsp. red pepper
1/4 tsp. celery salt
1 tbsp. parsley
2 cups shrimp, shelled and
cleaned
3 ounces wide noodles.
Saute’ onion and pepper in margarine. Add soups. Gradually
blend in cheeses. Season with red pepper, celery salt and
parsley. Add shrimp, and cook until shrimp are tender. Boil
noodles, following directions on package; drain noodles. Mix
noodles with shrimp mixture.
Babin bay* Out Hi* Campaign
Goal* For Boot Texas
Lufkin, TM. - Republican candidate Or. Brian Babin, pratoed
Rap. Charlie Wlleon for hit nearly quarter of a century of service
to Eaat Texas In the U.S. Congress. ‘Congressman Wilson has
served in Congress for 24 years, and he has always done what
he believed to be right," said Babin. He added, "Although I disa-
greed with the Congressman on many issues, I always re-
spected the fact that he loved East Texas and always tried to do
the right thing for the folks living here. I salute him for his serv-
ice and wish him well."
Babin noted the significance of Wilson's retirement and the
current political climate. "It is important to note that today marks
the dawning of a new day in East Texas. As America entered a
new day in 1004, East Texas Is ready to do the same in 1000. In
short, we're ready to join the reform revolution that is sweeping
America."
Babin said his campaign will embody the reform revolution.
‘My campaign will be a common-sense call for more jobs
through private enterprise, less welfare and rpore work, less
government regulation and spending, better schools through
better discipline, less crime through more punishment, and a
stronger America because we place our trust in God." He added
‘My campaign is all about bringing a revolution to the 2nd Dis-
trict. It is part of a national revolution to Rescue America. I want
an East Texas where our children can live, work, learn, and wor-
ship in the peace of the piney woods."
Babin, 47, Is a lifelong resident of East Texas. He is a for-
mer Woodville Mayor and City Councilman, and has a record of
leadership and community service. A veteran, Babin has served
as an enlisted man in the U.S. Army reserve and an officer in
the U.S. Air Force. He was appointed by Texas Governor
Cajun
Cookin'
With
Maw Maw
Judlce
Maw Maw's Beef Kail
2 pounds ground beef
1 jar (15 oz.) spaghetti sauce (about 1 3/4 cups)
1 egg, slightly beaten
1 cup shredded carrots
1 cup shredded mozzarella cheese
2 1/2 cups fresh bread crumbs
2 tablespoons chopped parsley
1 cup shredded zucchini
In a large bowl, mix together beef, bread crumbs, 1/2 cup
spaghetti sauce, egg and parsley; mix well.
On wax paper, put mixture firmly into a 15" X 10” rectangle
pan. Sprinkle cheese, carrots and zucchini on meat to within 1-
inch of edges.
Starting at the short edge with aid of wax paper, roll meat
tightly jelly-roll fashion. Seal seam and ends.
Place in 12" X 8" baking dish. Bake at 375 degrees for 45
minutes. Spoon off fat. Spoon remaining sauce over loaf; bake
15 minutes more. Makes 8 servings.
Mil
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Serve with love, Nancy.
Smart shoppers shop
The Record
BUY 1 GET 1 i
_ HALF PRICE!!
I Buy any meal valued at $3.90 or more 11
| and get second meal l/2 price! |
II SPECIAL GOOD WITH COUPON THRU NOV. 7, '95 I
S CAFE
2305
MacArthur,
Orange
886-1036
6.99
Yield to Maturity Duo l l / 15/ 10
Insured Corporate Bonds
I AAA-rated by Standard & Poor’s
i Insured as to the timely payment
of principal and interest
‘Yield effective 10/30/95, subject to availability. Yield and
market value may fluctuate if sold prior to maturity.
Member SI PC
George T. Mortimer
Investment Representative
3726 N. 16th. Orange. TX.
(409) 883-6227
Call or stop by today.
Edward Jones
Serving Individual Investors Since 1871
fe
ARE YOU IN MIN?
Call For Appointment - 738-3439
FREE Spinal Screening and Consultation
BRIDGE CITY CLEANERS
I "Home Owned A Operated Since 1955m
\ Specialists In Dry Cleaning
1595 Texas Ave. • 735-4002
1 Day Service - 1 Hour Service on Request
KEEP YOUR MONEY IN BRIDGE
CITY,SHOP YOUR LOCAL
MERCHANT)
We Clean Everything Cleaners Are Suppose to Clean
and Stand Behind Our Work!
We Specialize In Wedding Gowns
25% Discount To AO Ministers & Law Officers
10% Senior Citizens Discount!
Draperies Special - 85C A Pleat
Expert Alterations of Any Kind
We Send Leathers, Suedes & Furs to Country Clean
Insured! Expertly Cleaned! Moderate Prices!
Blue Bags for Winter Storage
Open Mon.-Frl. 7KM) ajn.-6.-00 pan. Sat. 8KM a.m.-12:00 Noon
Member of Bridge City Chamber of Commerce Since 1959
CHECK .
OUT OUR
LOWER
PRICES!!!
SA
SALE ENOS NOV. 30
r.ooofSt 4U
LOW PRICED PASSENGER RADIAL
b«<eritl*«
OUR LOWEST PRICED
IMPORT RADIAL
T-Metrlc
I55R13........$29.99
165R13........$20.99
175/70R13...$34.99
185/70R13... $35.99
155R12 185/70R14...S37.99
BLACKWALL
SIZE
i'*J h ■
- 5 c' •'
i
.>_! < ' 1 .
SALE PRICE
$31.99
S33.99
$35.99
$37.99
$39 99
Extra Narrow Whitewall
90 Day*
Sam* aa Caahl
Sal# Enda
Nov. 30,1995
TIRE & SERVICE 1
1213 16th Sfroof, Orango
883-7410
135 Garland, Vidor
769-0300 A
Engl* ST GOODYEAR
OUR LOWEST
PRICED HIGH
PERFORMANCE
RADIAL
SIZI ' ALi PRKi
| P175/70R13 $57.99
5 P185/70R13 $59.99
' P195/70R14 $66.99
P205/70R14 $70.99
P215/70R14 $72.99
P225/70R15 $76.99
Raised White Letter. Speed
Rated. Other Sizes Available
TIM HUGHES, OWNER
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Turkel, Arlene. The Penny Record (Bridge City, Tex.), Vol. 37, No. 27, Ed. 1 Wednesday, November 1, 1995, newspaper, November 1, 1995; Bridge City, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1170732/m1/15/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .