European Stars And Stripes (Newspaper) - April 26, 1987, Darmstadt, Hesse Page 20 the stars and stripes sunday april 26,1987 investor s ii . I inv cd $10.009.04 la Bond Mowl fund on dec. S. 1986, told the broker i wished to n celts 100 Wnm the Check Bay been rom my they hot on Rob if writ leu with drawl 1 oiled Ibe broker and asked if ibis Means Ibe Money incoming off my said it is because 1 re Quested Doyle monthly payments. Does ibis Meany investment is being diminished a. Not necessarily. It s Clear you have a periodic withdrawal plan with the Mutual fund. Under that arrangement some of the shares you own in the fund both Fulland fractional shares Are re deemed each month in order to provide the Money for the Check. When the fund declares a dividend and or capital gains distribution that Money is automatically reinvested to buy More full and fractional shares for should see that if the withdrawals you re making exceed the dividends and capital gains distributions on your account the num Ber of shares you own will diminish. And the total value of your investment also will shrink assuming the fund s per share value remains unchanged. We cannot however make that Assumption. The share values of All Mutual funds except Money Market Mutual funds move up and Down depending on Market conditions. If the share value of your fund rises and that increase in value plus dividends and capital gain distributions equals the amount of your withdrawals the value of your investment will remain unchanged. If the total of the gain inshore value dividends and capital gains distributions exceeds you withdrawals the value of your in vestment will the other Side of the Coin if the total of the three is lower than your withdrawal the value of your investment will drop and gradually will be eroded by he monthly checks you $100 monthly checks $1,200 a year on a $10,009.44 in vestment work out to a withdrawal rate of just under 12 percent. For the last several years most Mutual funds have posted total performance gains in share value plus dividends and capital gains distributions of belter than 12 you picked a Clunker of a Mutual fund your withdrawals have no diminished the value of your invest it is unrealistic to expect Mutual funds to produce 12 per cent total performance every year in the future. Keep an Eye on you investment by checking the statements the fund sends to you. Q. A. Broker said that if i invest$10,000 in a Mutual fund it will pay me 9 percent and my principal will nut be touched. Can ibis be True a. A fair number of Mutual funds arc paying 9 percent in dividends alone virtually All fun shave had total performance of dividends capital gains distribution Sand gain in share value a Good Deal belter than 9 percent during the extended Bull Market that began Back in 1982. Business news battered Stock Market slumps to lowest Point since March 3 new York. Up the Stock mar Ket battered by the slumping Dollar and relentless futures related program trading skidded to its lowest Point in eight weeks in nervous volatile trading last week. The Dow Jones Industrial average fell40.62 to close out the week at 2235.37, the lowest it has been since March 3. After a 5.39 loss on monday the mar Ket bounced Back Tuc dry to pick up 66.47. But it gave Back much of that on wednesday when doubts on the Dollar and the Bond Market resurfaced drop Ping the Dow average 51.13, most of it in the last hour. The Market drifted in directionless trading on thursday losing 4.97, before consolidating on Friday amid wide spread uneasiness with a 45.60 loss. Declines outpaced advances 1,356-587 among the 2,164 issues crossing the new York Stock Exchange tape. Insiders said the Market s tone All week was set by the seeming inability of the Dollar to stabilize against foreign currencies weakening the credit markets and renewing fears that rising interest ales could Hurt Stock prices. Stock pulse by United press International Friday april 24 ny8e compos Lle Host actives by volume Slock rav vol close Eama be old no i my 3.290.400 14% 1.2 Asia Pac 2.678.900 11 Sunshine m 2.479.200 shot Ai 2.297.200 31% s3.01 10.0 9,6 at to 2.127,800 24 a 0.14 172.0 6.0 unc arb 1,881,400 267. 6.87 4.0 s.3 ism 1,804,700 151 746 20.0 2.9 Way Lia 1,632.700 61k 2.35 22.0 2.5 sivas pc 1.61s.900 41 2.4 in papa 1.415,100 96 7.01 14.0 2.5 nose composite Ler Gesl dose Cirn Jei Eama be old 336 -131-, $12.51 27.0 0.1 117k -10h 3.63 32.0 88v, 5 2.5 120 4� 4.65 26.0 2.571% 4v 4.10 17.0 1.8 148v, 3 a 6.20 29.0 1.5 163 311 17.39 9.0 1.8 96 3k 7.01 14.0 2.5 Stock Capco Cray Rev cumin Dunald Down Wank lbs ult apr Guatam Iii. .89 3v4 0.25 276.0 1.4 107 3x 5.4 fund prices from Page 19 147inl 1 23 . I287nl. 4596nl 838nl. 10 58 he. 10.14 .993nl. 1056nl 1031 u Bio 650609 8w 9 76 1067 332 363 7.72 644 13.71 . 20 63 . Of mag or inc income Tut and Mun 8dny of Elfr 90 off 67 to for 93 Security funds Acton and Fra omm Ultra f selected Fialla sett sett set Moit groups cod cd 146515 59 14661539 1451 1523 6 16 6 47 12961361 675 709 649 681 762 600757 795 717 753 7b8 827 748 765 701 736 788 827 767 806 771 809 658 691 717 753 626 655833 663 726 762 667 721 com 8ftcm Moorti Colo Fli la a Del my to by oho Ore Pacal cargo. Bee la t to 7 Sequoia 4292n.l set est 12.7713.96 mop 49 56 by pm 25.452679 Ami or 18.9519.95 afro r 61.28 9290n.l29.71 31.27 745 7.64 33533532 19002000 15.191599 193120.33 1282 1328 1471 1548 15.72 1665 13 69 17 20 14 78 1439 21 97 n i. 1134 n.l16 25 iij5nl. 654 no 1366 1607nl. 1395nl 886nl attn App Cynd Vel of Ophi yield Cal Mun led Caping of my Mun Irtis Teto hit1.0 god Mig i yield Bernnel group by and and cd com St Orth sentry Mun con Oil Spoor tsp Hon sell null r spa mtg spa t t spa in t spelt isl 0 f up lips r spasm in Dean Sigma fund Cap sir inc so inv in sped Tresl so Vanlue world cd Isi 00 is list inc 761 799 12961416 62b 666 Tai ?7 28 711696 in 56 1457 1564 9591048 671 952 10671186 107911.79 14 00 15.30 12 38 1353 1631 2001 740 809324 354 10651164 31 77 . 16081675 1164 1756 928 940 it 901240 12 b5 13 39 i485nl 14 i7nl 21652261 it was a week of Many sell program Sand a very very nervous Market said Gerald Simmons managing director in the listed trading department at Smith Barney Harris unborn & co. There Are a lot of institutions put there ready to pull the Trig Ger on the slightest bit of bad said Strong or than corporate earnings were outweighed by the problems we be been talking about the Dollar and the Bond saw a continuation of the prob lems that have impacted the Market Over the past two weeks said Dennis Jarrett a technical analyst with Kidder Peabody co. The yen hitting new highs Bonds falling and stocks caught in the Bloch chief technical analyst with Raymond James & associates Oft. Petersburg fla., said stocks have be come the Tail that wags the Dollar is wagging everything else Bloch said. There s a Philosoph ical debate going on about the Funda mental question of whether we should defend the Dollar by raising interest rates possibly choking off economic momentum or whether we should let the Dollar fend for ame composite Moat actives by volume vol bomb earns be rid 1.046.700 10k858.500 3� ,28 120 642.300 42s 0.3671.600 22 12.9 490.800 16x, 1.0326.600 1sh 304.800 66 2.22 2s.o i 297.400 \2 to 2.00 6.0 Slock div abm q0kf wicked p295 wangle Lotmar to Long sch Ich a ame composite largest Jmc Tangee Slock close Cage Earni be old sub Ord 165 1 3 019.76 8.0 0.3 Bra 8 a 42% 3vt Kaposi 183 3 829 22.0 0.7 134jj t 2h56 � if. 2.22 250 1.1 39k 2k54 2 107 2 009 1,19137k 2 0.86 44.0 0.5 10k in 0.69 16.0 1.8 Faaoi Tlell a Snutch Bra a a reason a a Mark prod Amdahl Scull Lara be Price to a Emloe ratio old a mend yield Del Dellol Lolk fwd in alack Eer Moe bleat 12 moot Lia Bloch said he believes a Sharp correction would be the Best antidote for the Market s current is a Market for extreme caution and the Only Way to consider getting backing is if we Sec some violent climactic activity on the Downside that would Indi Cate the Market has discounted the worst possible news on the Dollar he said. On the big Board Texaco was the most Active nose listed Issue closing unchanged at 31 a after ranging from 29% to 32 during the said Texaco was hit by profit taking monday after recovering slightly from lows the previous week. A bankruptcy court thursday said that Texaco and Pennzoil could continue their Legal Battle Over Getty Oil. Pennzoil finishedthcweekat75 a,oir2vi. Ism was second on the Active list gaining 1 a on the week to 151%, and at to was third losing % to 24 general gained 4% to 45%. Wednesday members of supermarkets general management and Merrill Lynch capital partners offered $46.75 snare for 85 percent of the company s Market indexes declined. Stan Dard & poor s 500-Stock Index lost 5.39to 281.52 and the new York Stock Exchange composite Index dipped 3.22 to the number of shares changing Handson the new York Stock Exchange during the week totalled 866,100,800, compare with 835,308,180 a week earlier and with 736,103,400 shares traded during the same week a year ago. Prices fell in Active trading on the american Stock Exchange. The american Slock Exchange Index dropped 7.14 to 321.80. Declines out paced advances 513-258 among the 933issues traded. Volume was 66,902,680 shares compared with 70.982,760 the previous week and 71,927,825 during the same week a year ago. Dome Petroleum led the amex actives off 1-16 to i i. Wickes followed off i to 31/, and Wang laboratories class b was third up it to \6vi. Laubon Boreup com cd 7.61 632 Oival 6.16 684 program 11.57 12 64 Tei Al 10131061 stale farm Fri Sif bal 1900 no. If or 1411nl. W Mun 762nl. Stale is re Tran e cd 137 62 . Chow 8379nl. Imil 89528989 Stratf Janaf Funda worn 547 5.62 pm he 162117.53 and 12 5313 55 to Oman Mckerr. Am ind Aiso invest Ocean Stein Roe funds Man by Cap Dikit ssh ii int. In mid u Spee Slock total n mkt St Rolette family Cap in a Yil Elver Saltal dive reel pm Strong fund Volse cinch inns Tab toll 2 77 . Mil. 162nl. 603nl. 879nl. 34 57 . 1268nl 966nl. It i9nl. 103inl. B52nl. 1624 no. 20 14 25 73 n i. 20 74 . 21.442246 637 696 7.43 612 736 604 is 28 2272nl 931 no 17 69 n l20 07 20 27 19461986963 no 22112233 Otoble Oro Winch of not Usova transit to feb i Trad est portfolios exp of rep in rid 12.51 nl.15 90 1016nl. 15.i2nl. 10.70 .9 93 no. 26 63 983n.l. 12.19 no. 1337 . 13 44 .10 51 . Us onus old usaa roup Corr f Odd cd Onith 953nl 7.41 . Foru i world global glow Tenn eco group Tea by 1365203814551590 10401137i64ji7m 45 77 lj1401 1531 1066 it 52 of Tresl Onvan select Ultra r us govt Vista Ontl Inco Mun on Mun ind Mutual United funds a cum and of com inc Oom 0 nov so Sci Varnot United be service Oor of tsar it us nov Vance Esch 10535nl 62.29 nl.108 of my 152 83 n.l141 61 no b8b7n.l Sunu ithe Hyt Eitt e St ust int convert Val inc lev of Kcf us on Mamy by a Bond 8t Artlus Iru Munmun Munmun tra thy Cal Isains in 1736 .12.04 . 16.67 17.74 16391723 a i l to Cap e
