European Stars And Stripes (Newspaper) - January 11, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday. January 11,197 investor s guide by William Doyle q. Why aug l a minor invest in Mutual Gumti Emy fund apply Vittoni see asks for that the applicant is of Asje. The Only around the � in id me Sab Tataje ind insert under the gift � minors. A Pera can to to work or enter the limed form before reach hug no Jorry bul be can t truest Bis Money to securities. It does t seem fair. A. Many things in life Are unfair. The one you mention upsets serious Young thinking Back i recall a somewhat Simitar feel ing eve though you want 10 use your Money for a differ Doyte ent purpose than i had in mind. After Long sea duty during world War it lots of us swab jockeys could t legitimately buy even one Beer at Matt stateside Liberty parts. Of course we managed to gel around the problem. You can too by Wing he subterfuge you mention. It s no secret that Young people who want to in Vest often turn their Money Over Toa Parent or other trustworthy adult who then buys shares of a Mutual fund or a particular Node in gift to minors act form in the adult s name As custodian for the Young person. The minor owns the shares from that Point on. When the minor reaches the age of majority which varies from 18 to 2 from state to state the registration is changed la the name of the new adult. Your problem arises from the fact that a minor does not have the Power to contract in his or her own name. A brokerage firm Bank Transfer agent or any other organization dealing directly with a minor who seeks to buy or sell securities does so at its own peril As the minor generally has the right to repudiate the contract or Dis affirm a sate upon reaching majority. Q. We want to nuke incest meat for our grandchild and add to to periodically. We we considering a growth morn Rand a tit fifty Stock both with Dhu ends re forested and series be us. Sav Ings Bonds. Ucb would be the Wisest choices a. While there s no Way of absolutely knowing which of the three would produce the Best investment results my Choice would be a growth Mutual fund. Over the years most such funds have done better than Utility stocks and savings Bonds. A in a. Discs slow with broker Bot making an investment for a grandchild he said we hold wait in Fol the child has a soda Security number. Is that Carrett a. You can buy securities for a child under the gift to minors act before a social Security number i obtained. After that the payer of dividends or interest Wilt ask for a number. If it s not supplied backup withholding lax of 20 per cent will be taken out of each dividend or interest payment. Beside that the internal Revenue service can slap on a penalty. Tell your grandchild s parents to obtain a number for the youngster. It will be needed in the not too Distant future. Bong pm lure a dump off of comm a ton a. Dul u in Procto Mann nay a nun to Coffmn. You on n Tun Rev need to a dominant setting trend at lie end of 1986. Such factors put both the Dow Aad the broader Market indexes into a Sab Staa Taffy Evenou Poi item fat the Start of 1987, Penni said. He added that the Market s 31-Point Fain on Friday. Jan. 2, As a healthy of i. Kodl ramped 2 10 7 1 in flip Morris dimmed 3s lo76% and Ford Jont Ped 6% 10 �3. Us Rose 1 to 22%. La i i hmm it Oheim n. 21 s Ujj 9ju.uw com Oft in. Fimi 4 to � 1 Dusitn. 21, a to 2 Perot wants to debate dispute with pm s Smith Detroit
