European Stars and Stripes (Newspaper) - August 04, 1978, Darmstadt, Hesse                                R 96 8 the stars and stripes Friday a St 4, 178 can be of frack be capital this is the final article in a series of or stories on savings  staff writer if Vou arc bored with the modest  investments you May it to venture into the More risky realm Field a risky realm t h it in Inch More favourable for Orcsi Cost flt _ Here How teen dramatic gains in proper Ratilal in. ,1 common stocks real estate Gold and incr and Art works ail Are potent a a dilates for the tax advantage of capital for 1978 earnings Federal income tax is  on just 50 percent of gains which a Rue after one year on a capital Gam Aucon Ains Are known As Long term Gams. On Tocks which double or triple in value after i year on a House which appreciates in Alue after two or three years the tax and Mage May amount to thousands of Dol by contrast gains that result from own ship of less than a year Are known As Liport term gains and Are subject to Lull Federal income  must be made the trick in making Money on capital gains is to buy � Stock a Home or an artwork then sell it at a substantial profit after ownership of at least a year to be liable for tax a Sale must have been made. Where taxes Are Corr Rod paper i Ains Don t  the event of a capital loss Stum qualify for a limited tax write off but the other forms of invest met do  stocks and real estate arc per tops the in St known i Appal Kaitis invest  thousands of overseas americans we or both of these types of investments in during the 1960s millions of individual  made a killing in tie Stock Market. But in recent years it has been Inch More difficult to score in common stocks. Even the stocks of some of Ameri Ca s most prestigious corporations Are de pressed. Institutions predominant Many investors have lost a percentage of capital invested at a time of High inflation a fact that has compounded their losses. Some have moved out of stocks into Safe if More humdrum investments principally interest yielding certificates of Deposit and government securities. With individuals moving out of common stocks Market analysts Point out that the Market More and More is dominated by institutions Trust funds insurance Compa Nies retirement funds Etc. Which often move huge sums of Money in unison a trend which May produce rapid fluctuations in the Market. While some investors have swim off the Market claiming it has become a game of craps others still believe there is Money to be made in Quality common stocks. Dealing in the Market from the overseas Community May not be As convenient As at Home but major . Brokerage firms maintain offices in principal european Cit ies. Richard Bunch portfolio manager for Dean Witter Reynolds Frankfurt advises the cautious approach in the current mar Ket atmosphere. Selectivity urged the prices of Many common stocks Are relatively cheap but because of the pres sures on the Market thigh interest rates a depressed Dollar and the . Trade Defi Cit i think the individual should be very selective in his approach to this Marke Bunch said. I believe certain Domestic oils Are a Good bet to produce capital gains. And a number of utilities Are attractive at pre sent yields for those who seek  new York an adviser for the Wall Street investment firm of White Weld is convinced the patient investor can make Money by investing in the. Current Market. Because of the depress Tai economic news Stock Price now Are very  he Points out. Market turns around.  Shamowski Hornblower Ken Kurt. Says the performance the Market no doubt will Navta is docs. But advisers caution mall investors on the risk do a m solved in a bearish or depressed Market. Avnaim investor should build so i. Rur cd sj2 when people with just a ecu Elf thousand dollars want to Nheume on the Market we always caution them of the the economic climate of the of has perils in posies appearing on the verge of a sneeze Queen Elizabeth looks Down gingerly at a bouquet of Flowers presented her at St. Paul regional school in St. Paul Al Berta. The Queen and Royal family Are on a 12-Day tour o Canada. A London drops to 1 oth in population stakes London a London once the world s biggest City is shrinking. The latest estimate of greater London inhabitants issued wednesday by the government office of population censuses and surveys Tor mid-1977, came to6.970,100. Thais the first time London s population has sunk below seven million for 70 years the census office said. The mid-1976estimate was 7,027,600. For Many decades in both the 19th and 2h centuries. Greater London that vast sprawl from Wimbledon to Walthamstow m which the tourist haunts of the Epi Center Are but Swall portion _ was the biggest City in the world. Its population peaked in 1939, just before the outbreak of War. At 8.615,050. The guinness Book of world records says Tokyo is now the world s most populous City with a 1976 census figure of8,586,900. Whitaker a Almanack of London puts the top 10 cities in this order Tokyo Shanghai. Mexico City Buenos Aires Seoul. Cairo. Peking. New York City Moscow and London. London has shrunk As slums have been rebuilt and former residents moved to the state subsidized new towns. Kl0? hav loss As old established firms built new factories in the provinces. Mixed experiences thousands of overseas americans St other americans have up to in months it i reinvest in a Home or up to two years to i Crapy i if Pic Home is being built for them and if construction has begun a Ftp in months of the a i a of the old Home. In of cases time counts from the Date of Sale. A or most americans. K m and Silver Art still Novelty forms of investments.  Banks experienced a flurry of inquiries when the government made it Legal for americans to own precious metals but be people actually bought Gold or Silver. While specially houses plug Gold Claus ing it May eventually Rise to $4 or $5 an ounce current Price is about $1.90 a ounces the investor receives no income until Gold is sold and there is always i Chance it will fall in value. Unlike europeans who tend to put their Trust in Gold in times of High inflation americans Are sticking to the Dollar even though it has weakened appreciably in re cent years. Highly specialized like investment in precious metals i vestment in Art is highly specialized. While it is True that the works of son Well known artists have appreciated considerably More than most stocks this is � highly selective Market. By the time Art works become a sure thing they Usu Alij Are beyond the Means of the average in Vestor. There s nothing wrong with buying Art a London collector Points on a you should buy Art because you Ike a rather than to speculate on  summary capital gains inv St Nell can provide handsome gains. 1, Ato can produce frustrating losses. Heston ble advisers warn clients to go i Cape gains speculations with their eyes open. And they urge them to Che tout they personal tax situation before is Ling prop erty that involves a capita gain or loss. Stagecoach brings $38,750 it onticello. By. A the w Stagecoach that operated in Kentucky sold at a Public auction or 38,750 to neral Home operator from burkes ending a three year heirs dispute of vhf relic. Kenneth n. Ballou who was the bidder said i be had my Eye on that Stagecoach far some time. I came of pared w bid As High As $35.000. And another fellow ran up the bidding. A few thing just told me to go a Little