The Lindale Times (Lindale, Tex.), Vol. 3, No. 50, Ed. 1 Thursday, July 28, 1994 Page: 4 of 12
This newspaper is part of the collection entitled: Rescuing Texas History, 2019 and was provided to The Portal to Texas History by the Smith County Historical Society.
- Highlighting
- Highlighting On/Off
- Color:
- Adjust Image
- Rotate Left
- Rotate Right
- Brightness, Contrast, etc. (Experimental)
- Cropping Tool
- Download Sizes
- Preview all sizes/dimensions or...
- Download Thumbnail
- Download Small
- Download Medium
- Download Large
- High Resolution Files
- IIIF Image JSON
- IIIF Image URL
- Accessibility
- View Extracted Text
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Potpourri
Your Hometown News
The Times, Thursday, July 28,1994, Page 4
(LETTERS...From Page 2)
But you see, the damage has al-
ready been done. That $1.9 million
has been spent.
Let's all take three guesses as to
just who is going to clean up the mess
atLindale when it happens, and I pray
it doesn't.
We do, the little guys who pay the
taxes, that's who.
Finally, I believe that this board
would not vote the way they do if
every time they met, at whatever time
of day they met, they saw a sea of our
faces looking and watching them.
Why not show up and be counted at
the board meetings? You might be
surprised at what good you could do.
You are the Lindale ISD.
Wayne Lyon
Lindale
YOUR FIRE DEPT.
SEEKS YOUR HELP
It's that time of year again to hear
from you through our annual letter.
Please take time to make whatever
contribution you can.
Thank you so much for your con-
tinuing support.
With your support, we are able to
rebuild and replace old equipment
and when possible, to buy new equip-
ment
Please make a contribution today
for yourself and the community.
Chief Stan Clark
Lindale Volunteer
Fire Department
FUTURE SITE OF FLEMING CORNER DRUG—-The dirt work has
begun at the site of the new home of Fleming Corner Drug on Cooper St.
on the west side of NationsBank and across from the Lindale Post Office
KELSEY MICHELLE
ARMSTRONG
Bruce and Kim Armstrong,
Carrollton, announce the birth of
their daughter, Kelsey Michelle.
She was bom July 12,10:32 p.m.,
at Trinity Medical Center,
Carrollton.
She weighed seven pounds,
three ounces and was 20 and one-
half inches long.
Maternal grandparents are
David and Linda Malone, Lindale.
Paternal grandparent is
Charlene Armstrong, Tolar.
1994 Chevrolet
Silverado
Extended Cab
EAGLE STORAGE
MINI WAREHOUSE
Owners Jane & Randy Bateman
^Locations to Serve You:
• 2712 S. Main St Hwy.69S.
• Jim Hogg Rd. & Industrial
• 139 NE Loop 564, Mineola
(Next to Wal-Mart Super Center)
Jim Hogg & Industrial, and Hwy 69 South
Undale • 882-4764 or 882-3197
AUTOMATED SECURITY GATES
KING CHEVROLET
DOWNTOWN TYLER
527 W. ERWIN • 595-4531
Mass
Redemptions
Not Likely in a
Down Market
The adage, “buy low, sell high,” may
be the key to successful investing, but
emotions often rule investment decisions,
and it can be tempting to join the stam-
pede to get out of the market when there’s
a downturn. This is of particular concern
to many mutual fund shareholders, given
the large amount of money invested in
mutual funds. Fortunately, a recent study
found that approximately 80 percent of
all mutual fund investments are for retire-
ment accounts and institutions. Tradi-
tionally, these are long-term investments
that are not moved around in response to
short-term market movements.
The study found that, on total mutual
fund sales of $172 billion, $80 billion
was purchased by institutions such as
banks, corporations and trusts, all of which
are typically long-term investors. In fact,
rather than selling in a down market,
institutions are more inclined to buy. They
know that excellent values can be found
during a market sell-off.
Another $60billion went intoretiremet
programs such as employer-sponsored
retirement plans, self-employed Keogh
plans and individual retirement accounts.
Not only are these long-term accounts,
but investors typically continue to make
regular additional investments regardless
of market ups and downs.
The remaining $32 billion of mutual
fund deposits came from individual mu-
tual fund investors, who are not normally
panicked into mass redemption. In fact,
during the seven bear markets since the
early 1960s, mutual fund investors re-
deemed less than usual, not more.
This does not rule out the possibility
that some investors will sell in a bear
market. However, such selling typically
occurs with owners of aggressive and
very aggressive mutual funds. Investors
who buy mutual funds with long-term
objectives anticipate down periods and
are more inclined to stay put when the
market weakens.
A study by The Wall Street Journal
shortly after the stock market crash in
October 1987 examined how the country ’ s
nine largest and best-known stock funds
fared. One week after the crash, on Oct.
26, the funds had lost an average of 27.7
percent in the Standard & Poor’s 500
Index. Four of the funds were growth
funds, four were growth and income, and
one was global. The funds that favored
growth over income — the more aggres-
sive funds — were hardest hit.
However, for the period of Jan. 1,
1987, through Oct. 26, 1987, the funds
were off only an average of 4.9 percent,
with two of the nine funds showing frac-
tional gains. The largest loss by any of
the funds for that period was 10.5 per-
cent.
For the entire year, the average for all
mutual funds showed minor gains in total
return. The very next year, mutual funds,
averaged significant gains.
Even during the bear market of 1987,
investors were in for the long term, and
their patience paid off.
(EDITOR'S NOTE: Randy Childress is
an investment representative for Edward
D. Jones and Company, an investment
banking firm in Tyler.)
COMMUNITY
EDUCATORS MEET
Texas Association of Family
Community Educators (formerly
known as Extension Homemakers)
meet the third Tuesday of each month
at the Lindale Volunteer Fire Station
at 308 E. Hubbard at 7 p.m. For more
information, call Nita Parker at 882-
8074.
For Almost 60 Years, We’ve
Made Great First Impressions.
And They’re Lasting a Lifetime.
JEFFERY KENT MOORE
7 lbs. 3oz.
They start out as little impressions. And they
grow. For almost 60 years, we’ve been a part of this
miracle. Helping to bring new generations of East
Texans into the world. And caring for those babies,
their mothers and fathers.
. From prenatal care and free childbirth classes,
through delivery and post-partum, it’s a commit-
Mother Frances Hospital
Regional Health Care Center
800 East Dawson Street ’Tyler, Texas 75701
For more information about mother and baby services at Mother Frances Hospital, call The Professionals at
TeleCare Plus: 535-7111 (1-800-535-9799outside Tyler)
ment Mother Frances has always delivered on. And the
impression we’ve made with these families has earned
their trust in us.
If you’d like to know more about mother and baby
care at Mother Frances, please give us a call. We’ll be
glad to answer any of your questions. Because, at Mother
Frances, we have a passion for life. Especially a new one.
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Sheppard, Anita. The Lindale Times (Lindale, Tex.), Vol. 3, No. 50, Ed. 1 Thursday, July 28, 1994, newspaper, July 28, 1994; Lindale, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1208648/m1/4/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Smith County Historical Society.