European Stars And Stripes (Newspaper) - May 25, 1977, Darmstadt, Hesse                                May 1977 the stars and stripes Poge 9 tips on saving pay yourself banker advises Bubo Cullen staff writer for Many years the banking business was known for its parental saving advice even if its Only a few dollars set some Bankers were Given to lecturing their As though customers were children ready to spend their pennies on Bubble gum and lol two representatives of american express believe saving is a Good but the dutch Uncle approach is Accord ing to assistant vice presi Dent with american they Are not in the business of lecturing i dont think that really or even advisable Oneill people arc More so exposed to than they used to some overspend even some people could use advice in their financial we have the feeling that people overspend sometimes on things they dont really need there Are a lot of luxury items available Here at a Good Price things like some people buy More than they like some people buy a is Owatt and there in a cubicle with three other who would kill them if they Ever turned it up that he besides the obvious reason for having spare Cash for saving Money will often save you even More instalment buying carries with it substantial interest such As 12 and 18 per and if you sell your soul to a Slick Doort door you May get stuck with interest payments in excess of 30 per dont save if the buying urge can be harnessed to allow time to instead of for the one Purchase which will bring Ever lasting happiness into ones the Money saved will ride in the not the sell one area where interest charges add up quickly is in the area of the Young Soldier stuck in the Barracks wants the the the sin bins Are a big favorite beautifully painted vans with and of lavish Beds that would do Honor to a sultans these Are very appealing to the Young i who lives in the Barracks and has no place to Johanne loan clerk at american express in budgetary advice to 4 Elroy of the Frankfurt regional personnel Cullen the Price tag for one of these dream a Chin scan easily run twelve per cent of 8 a typical borrowing rate these is thais enough to pay for a Good stereo or a top 35mm Complete with motor but the trick is control putting that Money away takes determination and Slick Oil Oneill recommends a nontraditional approach to achieve those saving when you get your paycheck every before you get involved with paying your your utilities and things like you pay yourself you figure out some kind of savings even an investment Ana then youre the first one on the he be selfish about he pay yourself of course the amount chosen has to be a reasonable one can not Dis Pense with paying the car payments or buying where Oneill believes people waste their Money is on entertainment and by putting away a reasonable amount in Sav Ings before anything is youll be practically guaranteeing that youll have some kind of when one begins True savings should be isolated from Short term things and experiences people especially younger save for and for they want or a or a stereo there not concerned with the depression like Many of our parents Oneill some people will open two savings a a Lon term account for such things As or in some a and a Short term for vacations and it compartmentalized their savings for Oneill Jim assistant vice president with american divides the Mili tary into two banking Market you have the younger who wants an experience or a stereo and then you have the older the senior the officer or who May be looking at the big Purchase once he reaches his retirement and that his Handley the two Bankers agreed that buying a House is usually the largest Purchase the average family the military careerist rearing retirement has More than just the House Purchase to save for however a new House begs for new Many military careerists do not have the civilian wardrobes that their civilian counterparts in cutting the Active duty strings can incur a Host of sudden a fact which makes a Good savings program even More a better investment both Bankers viewed buying a House As one of the better investments an individual can real estate tends to keep parity with purchasing was one of handles recommendations for looking seriously at investing in a although the Choice Between buying a House or accepting on base housing in handles a family decision on How one wants to savings certificates Are popular with Many a savings certificate involves an agreement Between the depositor and the Tonk the depositor agrees to leave the Money with the Bank for a set period of and in return the Bank is willing to pay More interest on the Money than the person would obtain on a Normal passbook savings the depositor May withdraw he Money if he or she so de but to do so results in a financial pen greater risk savings certificates share a characteristic True of most investments to get More for ones invested whether its in or capital the greater the potential for larger returns on ones the greater the in the Case of savings the risk is the possibility that one will be because of changed personal Finan Cial to withdraw the Money before the agreed the penalties involved with Early withdrawal normally cancel out the advantages of taking the savings and depending on result inthe depositor receiving less interest than if he or she had placed the funds in a Normal passbook Sav Ings Bankers May not be lecturing to custom ers on the merits of As they had been known to do in years yet the cold hard facts come across just As clearly buying May be a lot of but saving often makes a lot More too Many scared of invest in expert says by Louise Cook associated press writer too Many americans Are scared away from the Stock Market because they think investing is a difficult profitable Only for the says an expert in economics and consumer Helen a professor of economies and director of the Center for consumer affairs at the University of Wisco Sinex says she finds comparing invest ments in the Stock Market is easier than figuring out what to buy at the Superman Nelson is the Only woman on the Board of governors of the american Slock sex she was elected to the panel As a Public representative in october 1972 when the Exchange restructured its Board to in clude 10 Public and 10 Industry represent while Nelson is enthusiastic about stocks for the Small particularly in a time of High buyers dont seem to share her the number of people owning Stock has actually declined in recent according to the Confer ence a nonprofit business research the Board said 253 million persons owned Stock in compared to Mil lion in almost two thirds of the Stock holders Are people with incomes of and the Federal government provides some Basic advice for would be Stock purchasers in a free investigate before you write to the consumer information Coio for publication buying Stock is not for Nelson Consumers generally should not consider investing unless they have Ade quate savings to draw on in an emergency and a sufficient amount of life and health Slock purchases also require time and youre earning its going to Lake Lime and its going to Lake but it has its rewards Nelson you have la Lake care of any dont buy your put in away and forget you should review the whole thing is least once a stocks Are not for the not for the Bui that not a were a highly educated Socie former consumer counsel for inc slate of California and a former presi Dent of the consumer federation of Ameri suggested three Basic guidelines to follow when buying stocks make sure you know what youre go to a registered dealer and buy a company that is listed on one of the major when selecting a decide whether you want one of the National firms or prefer a regional company thai specializes in stocks of the area where you to get information about a company you arc considering investing write to the securities and Exchange commission or the Exchange on which the Stock is listed and ask for the 10k report providing de tailed figures on past learn about the Stock Market and the buy read the financial pages of inc daily ask about courses at local if you were going to grow your own food youd have to learn Aboul it  said r you can learn about the Stock Narket in the same compare Price earning ratios which measure the relationship Between the Price of the Stock and the earnings per share a Slock that costs a Eliare and had earnings of a share last will have a Price earnings ratio of 10 to the ratio gives you a guide As to what you will get for what you compared to comparing prices in the grocery store its a said the whole Industry of stocks has been structured and she in the supermarket you have nothing comparable no set of standards that the Industry requires everyone to adhere Nelson said Shes made Money on the Stock Market in recent years on an Overall but also has lost a disappointing she emphasized that investing is a you should not buy stocks that give you a lower Rale of return than u savings account in Hopes of the Stock increasing sharply in value unless you can afford to lose the Nelson she however its a Hazard to be buying much of anything without knowing what youre its a Hazard to buy a car and youre investing if youre going to buy health you dont stand half the Chance of gelling or Derly information As you do in the Stock