Polk County Enterprise (Livingston, Tex.), Vol. 106, No. 29, Ed. 1 Sunday, April 10, 1988 Page: 7 of 48
This newspaper is part of the collection entitled: Polk County Newspapers and was provided to The Portal to Texas History by the Livingston Municipal Library.
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1
THE POLK COUNTY ENTERPRISE. SUNDAY APRIL I0. I MW PAGE 7A
Tempting, but maybe risky
Financial Focus
One nice thing about being a
?•“ records Junkie” is being able to go
back to those lean stock market
‘'years and play ‘‘what if’ with your
‘‘ favorite investment. All the infor-
mation you need is in the records,
' and It’s fun to play because you can’t
lose any money. But more impor-
tantly, if you do your homework
. carefully, It will show you how to
!luvdd losing money if the market
! turns sour in the future.
The Dec. 31, 1974 edition of
• 'Wiesenberger’s Mutual Fund
Management Results provides a
• prime example. Wiesenberger is a
‘ nationally recognized research com-
'■ pany that specializes in statistical
data on mutual funds - no sales
pitch and no gloss, Jirt numbers.
v 1974 brought back toe reality of the
'’ stock market for both high-rolling
•’ and conservative money managers.
•’It proved, once again, the impor-
‘ tance of looking for reasonable in-
• vestment results in good times and
‘ downside protection in bad times.
;* This may sound simple, but it’s easy
*’ to get carried away in the euphoria
, of a bull market. Greed, the
"mistaken illusion that trees can
' grow to the sky, often impairs one’s
‘/‘better judgment.
Let’s take a look at 1974 and play
'/“what if.” What if you had invested
.’in a “maximum capital gain”
‘'mutual fund at the beginning of
•dl • a*.
John D. Hayter
1974? With maximum capital gain
funds, fund managers usually seek
stocks they believe will give fast pro-
fits. Dividend income is considered
incidental. This, however, isn’t
without risk. Of the 98 such funds
Wiesenberger Services reported in
1974, only one showed a gain. The
average fund lost 27.7 percent.
What if you had invested in high-
flying performance during these
years? If you were in the fast lane
and willing to take a loss, you pro-
bably did. If you invested in one of
these mutual funds looking to get
rich quick with little or no risk, you
faced an unwelcome surprise and a
quick depletion of your investment
dollars.
Looking at the five-year period of
1970 through 1974, the average loss
was 36.9 percent. There’s no doubt
these were difficult years in the
stock market. In 1970 the Dow Jones
Industrial Average hovered around
600. By 1972 it briefly broke the then-
magic 1,000 mark only to begin a
steady downturn and end in 1974
back where it started.
In contrast to the fast moving per-
formance funds, the more conser-
vative growth and income funds con-
tinued to pay their shareholders
dividends during these difficult
times. In many cases, those
dividends even increased, Of course
these funds lost share value, but
those investors who reinvested their
dividends benefited by purchasing
depressed shares at bargain prices.
When the market eventually turned
around, all of the shares, including
the bargain buys, increased in
value. Those investors who bought
mutual funds with reasonable expec-
tations and patience were able not
only to survive those difficult time
but also to prosper in good times.
While it may be tempting to pur-
chase a more risky mutual fund in
hopes of getting rich quick, don’t be
short sighted. Only solid mutual
funds will provide reasonable
results both in the good times and
the bad.
SAFETY AWARD - Safety was a cause for
celebration at United Texas Transmission’s
second-year Safety Award Banquet, held
March 17 at Park Inn. Going 940 days without
an accident has set a company record. The
local team includes (kneeling, 1-r) Hugh
Craig, James Kessler, J.C. Stapleton, Bubba
Wright and L.B. Young; (standing, 1-r) Gene
LaPoint, Johnny Ladner, John Johnson, Paul
Ruiz, Bruce Elliott, Jerry McCulley, B.J.
Clifton, Brian Hickman, LeeAnna Ainsworth,
Mark Douglas, Tom Bayles, Cooter Lister
and Gilbert Welty.
Senior citizens offered discount
Fjsh pond possibilities good
OVERTON - With the arrival of
.spring, interest in fishing is increas-
ing. More than 800,000 ponds in
Texas offer opportunities for ex-
cellent fish production. In East
: Texas, several oppbrtunities and
^problems exist for pond owners,
csays Billy Higginbotham, fisheries
specialist for the Prairie View A&M
University Cooperative Extension
Program.
Weed problems are beginning to
develop in many ponds. Proper in-
dentification of the weeds must be
made prior to the selection of her-
bicides for control. In ponds where
“LAWN CARE”
Complete Lawn Service V*
★ Gardens Tilled U(
‘1M ★Fertilizing ★FlowerBeds ft
W Weekly Rates — Residential & Commercial VI
M For FREE EstimateCALL* 646-9293 g
,-Wl 7«m-7pin LivingHton — Onaluaku — Entire Lake Area 7 Pap
weed problems already exist, the
weeds should be controlled prior to
any attempts to fertilize the ponds.
Fish producers report an excellent
supply of all species of sport and
forage fish adapted for stocking
East Texas ponds. If catfish are to
be stocked, a regular feeding pro-
gram should be considered if max-
imum growth is desired.
Ponds managed for largemouth
bass should be stocked with ap-
propriate forage species and fertiliz-
ed to increase production.
Higginbotham says that all pon-
downers and guests should keep
records on the sizes and numbers of
all species caught when fishing a
pond. These records can serve as a
valuable management tool for ad-
justing harvest rates of various
sport species. Management pro-
grams initiated now can pay big
dividends of good fishing throughout
the remainder of the year.
LIVINGSTON - The Livingston
ISD Board of Trustees and Ad-
ministration has.agreed to offer
Community Education classes to all
Gold Card holders at a discount of '/i
to off the regular class price. The
classes begin the week of April 11
and Gold Card holders will need to
register on Monday, April 11 at the
Community Services office if they
are interested.
The classes being offered have
room for 3 to 6 participants each and
are listed below. For $5, Gold Card
holders may attend beginning guitar
or flower arranging. For $10, they
may attend woodworking,
calligraphy, beginning computers or
investment dynamics. formation on class times, and to
These classes are being offered to register call 327-5556 or come by the
Gold Card holders at a discount to LESD Community Services office on
show the LISD appreciation for their Milam Street behind the
involvement in the schools. For in- kindergarten building.
Livingston HS graduate
named to TSTI honor roll
WACO - Arien R. Parker of
Goodrich was listed on the Campus
President’s Honor Roll with a four-
point grade point average for the
winter quarter at Texas State
Technical Institute in Waco. Parker,
a student in the Electrical Power
Distribution Technology Program is
the daughter of Susan T. Parker,
and is a 1987 graduate of Livingston
High School.
4 ★★★★★★★★★★★★★★★★★★★★★★★★'*"*
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ELECT
QUENTIN PURVIS
For
• ^#
NOW OPEN !!
Fiesta Grande
SHERIFF
l<*
Mexican Restaurant
(Formerly Country Inn Restaurant)
“Serving Fine Mexican Food %
With A Texas Flavor” *
Featuring:
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*27 Years of law enforcement experience in Polk County
(the only Democratic candidate presently employed in law ^
enforcement)
“State certified law enforcement officer and state certified ^
jailer
"Current in all aspects of modern day law enforcement and ^
investigation ^
"Trained by county, state and federal agencies in narcotics,
vice, finger-print classification, liquor control, arrest, search ¥
and seizure, homicide investigation, arson, swat and sur- ^
vival operations ^
"Up to date on all changes in law regarding the criminal ^
code of procedures, Texas penal code, family violence,
juvenile law and child abuse ^
"Endorsed for the office of sheriff by the Polk County Peace
Officers Association
IF ELECTED I WILL:
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^ ★LUNCHSPECIALS
^ Q Monday-Friday
^ 11am-4pm
★ FAST
FRIENDLY
SERVICE ^
★ AUTHENTIC MEXICAN RECIPES
O Prepared by Professionals
Se?for Lupe Ortiz and Staff
tp <?;
w Under Complete New Management
Call or come by for orders to go
"Reinstate precinct deputy program*
"Maintain maximum reserve deputy program*
"Require expanded and continuous patrols of area subdivisions*
‘Establish drug enforcement task force*
‘Expand crime watch and crime stoppers*
“Support all fire depts., rescue squads, and emergency medical services* ¥
•Provide cooperation and assistance with all other law enforcement* -4
agencies
"Crests a working relationship with Commissioner’s Court and all other*
county agencies
"Stretch each tax dollar farther, realizing every benefit from each*
budget dollar allowed
•Pledge a more efficient use of manpower and equipment*
currently available
•Put deputies on patrol - not in the office*
"Require on-going training in current law enforcement procedures*
for all deputies
327-3521
Located on the Loop
ry across from Pineborough
{X Shopping Center next to
Country Inn Motel
OPEN o
11am to 9pm ^
Seven days a week f
On Tuesday April 12th there is going to be a very important election to deter-
mine the future of law enforcement in Polk County. This election is your
chance to demand a brighter future for Polk County law.
The time has come for an efficient, courteous, concerned and caring
Sheriff’s Office. If you care as I do about our children on drugs, our children be-
ing abused, increasing family violence, rising home burglaries and the lack of
visible sheriff patrols, then take this opportunity to vote and finally do
something positive so solve these problems.
Many of you have already entrusted your vote and confidence in my cam-
paign. On Tuesday April 12th you will once again have that chance to vote for
Quentin Purvis to ensure yourself that Polk County law enforcement, and our
Sheriff’s Office, is held accountable and made responsible. We need not only
make a change, let’s make a difference!
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White, Barbara. Polk County Enterprise (Livingston, Tex.), Vol. 106, No. 29, Ed. 1 Sunday, April 10, 1988, newspaper, April 10, 1988; Livingston, Texas. (https://texashistory.unt.edu/ark:/67531/metapth795789/m1/7/?q=%22%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Livingston Municipal Library.