European Stars And Stripes (Newspaper) - June 19, 1988, Darmstadt, Hesse Page so the stars and stripes sunday june 19.1988 investor s guide by Bill Doyle q. My husband and i hire been married almost two years and like i lol of couple just starting out in finding it very difficult to Sere Money All the investments Hare looked at require at least $500 to $1,000 to get started. We have problem Retting own �500 sited. Can you recommend something earning More interest than a Sav Ings account but requiring Tess thin $500? we prefer not to tie up the Money for. Seven years As . Sav ing bands require. We would not mind one or to years to assure we would not dip into the Money and spend it. A. The Doyle natural recommendation is certificates of Deposit. Many Banks and savings and loan associations offer cd in denominations As Low As $100. Recent statistics put the average annual effective yield at 7.19 percent on one year cd and at 7.61 percent on 30-month cd. These Are average numbers based on cd All around the coun try. As has often been stressed in this column you have to shop around to find High cd rates. Also some Banks and a is pay higher interest on targe cd than on Small ones. By inquiring at the Bank or so at which you do business As Well As a number of others you re cer Tain to find cd with higher inter est than is available on savings accounts. Given the Start up financial problems you and most other Young couples face you re better off banking whatever Cash you can scratch together. Start thinking about other types of investments altar you have a financial Cushion. And where did you gel the no Tion that . Savings Bonds must be held for seven years the be Bonds now being sold can be re deemed six months after their Issue Dales. However they must be held for at least five years in order to Cam their guaranteed 6 percent or the variable Market based rate whichever is higher. If they Are cashed before five Yean they Cam less than 6 percent. Q. My salary is $40,000. I am married with three sons under 10 Yean old. 1 own a $60,000 Home with a �7,000 balance on u 8.5 percent mortgage. My Only other debts Are about $4,000 on credit Cardi at 14.8 percent. 1 am con Siderine getting $14,000 Home equity loan. 1 would use that Money to pay off the Mort Gage and the credit cards and get a $3,000 cd. That Way will Hove More interest to deduct on my in come tax return. Is this he most Coil effective thing to do a. Only if the interest you will have to pay on the Home equity loan will be lower than the 8.5 per cent you Are paying on your pre sent mortgage and if the equity loan interest Wilt be lower than the interest you would gel on the cd. Both those its Are most unlikely. By swapping a Tow interest Home mortgage for a higher inter est Home equity loan you would pay out More Money in interest. Sure you would have a bigger lax deduction but you would still come up Short. Business Netos Market closes week mixed after advancing strongly new York up the Stock mar Ket last week reached its highest Levels since the october collapse and then revealed that d fair amount of nervousness remains in the Market As it pulled Back to end with a mixed performance. The Dow Jones Industrial average which Rose 9.78 Friday closed the week at 1104.02, for the week the Index Man aged to tack on 2.31 Points. On tuesday the Dow jumped 25.07 to close at 2124.47, surpassing Pic previous Post collapse High of2110.08, set april lilt added another 6.93 on wednesday extend ingots Best level since oct 19102131.40. The catalyst for the Strong Advance was a substantial improvement in the . Merchandise Trade deficit in april. The Commerce department said the def new York Exchange new took la Tel to is rms Jet Jet Sukla in from vol Stock eur Imga wrap a i . Skit Silivi lid nil Fig. Cor Jmel p 1 16, uortu5ficcp 15,518.T 3144 ill m Ponta Diml s.17s.mo a Euon cup Omlei Kim Cut 4.1i3.sh 3.391.7h1 27 u a Jamor 4 it emf Alkim by put Mann i up a and Etc nos Ford mow cd 1.970.500 ij3j4joo 1.753.4001.71j.boo 1.027.9001.527 Jho k dirt55 my 3h up1c i urdu 5" up fund prices from Aga 19 a Vii go full it hit blvd Ltd mall Buhl us Udo Wudl Hohlt Mem Mumi Muki Orfil Multi Heht Muon 914 935 of 10.10 10 10 -0211.09 11d9 01 1000 too to 19 3 10.43 .10.75 10 is .03 1101 11.01 do 10.1b 10.1jj .0110 to 10 to .04 1023 1021 .0110h 10 h 03 10j3 10 b j0 101310510310 w 1005 Diml tsp a Nicori ew1 huf Mill turn unt l the Iffla Oil in 000.ootr Efthi 1110 Hivry 10jb 1002 .01 107s 1075 ii10 Hhow-.03 b45 9.45 os14 u 14 s3 Jyh lil 131 Jyh 12.80 i2m i ii9j 1143, Jhm 41054143 jul 42.4150 .02 isjj1 15.76 Hoso m. 11.7j, i2jo j�14.44 15.7s m ffissia1 n u.i71017 17 of .03 10h 1200 0110 4 295d i i0� 11.10 Oslo 1 65 Wjk 1ij1 1210 .01 to 7.27 of 1 94 17.42 j94�s4 2b.24 is us 7u-.d1 1176 11.76 .01 11ju 11u j911j6i 1154 Jurj i17j 11.72 of 163j 17,11 01wtir 127 1011 01 7440 2502 Iskui 11 1 Job 1177 1177 Jar 1317 14 it 03 talk 19j2 .03 199021-75 Job kit for april narrowed to a seasonally adjusted 19.9 billion from the revised March figure or 111.7 billion the lowest in nearly four years. The improvement in the april Trade deficit was much greater than expected. Wall Street analysts had predicted the Gap would Widen to Aboul $12.5 billion. The Market was pleasantly surprised with the Trade figures said William Tiritilli vice president of research at Rod Man &. Renshaw inc. In Chicago. Volume soared to 343,920,000 shares the fifth highest daily total on record. Broad Market indicators slipped on the week. The new York Stock Exchange composite Index fell 0.05 to 152.84. Standard & poor s 500-Stock Index lost to close the week at 270.68. Declines edged advances 980-916 among the 2,169 issues traded. Big Board volume totalled 1.008,234 840 shares com pared with 1,022,080,230 the previous american Exchange new to dbl of 1 to 10 Rani Kent to Tab in Slock Letuno Cotoio Odb trifling Furj Lar. Hot lilt Urt Muo. Wingl Dib 561,500 Iok until 3m.wj bating a 3h,40d Hub Robic 328.300 Rajm corp j97.ioonvtimjk a Soo ill Carlel 174,400 org Piini Mph by Jan bpm l,00 crack 9b5 99t .01cntlf 720 744orth to r97.-j� Munt ims 16 � Tup nil 1219 a Hells i 23 no in 9 71 he .01 1129 he 01 us i94 rj7-.oiits .i2 .02 fun dip 995 10.27� .01 Una Cha Gartl fuk1 he Long g 41 to i Ltd Liz. .03id 941 999 jj3 5 d4 he Hsii 2 1s3i .01 1490 he pm -"1307m 3i.49 no 35 1341 14 15-.ib 10 it i 1-16 71118 rtlrt151k on it 5214 Una 13 h off h 13 Atfah 15-3 Midi 1,75 1.751.ib b11 .520 5.23siufu 12j3 by .10 Ocul 12.7b no .02 li5cl 109 m. .14uso my m. Jyh la Flag 1027 m. Jj1 in furl 10.19 my mses Icv 1023 no .01 lbs Fol 12.01 m. If timid Lamkin i0�1197 of Equlla i20� 1j21big Gap tit 701t ,01 Osl 11� to Fdl 11,70 il7lt Ujj Fuji 10 is 1015 a 1074 no i Tom 114 he Jet crw tji 15.16 m Ira 1433 u. 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On tic nose trading floor last week. Occidental Petroleum was by tar the most Active Issue gaining w to 26%, with 104 million shares traded Friday alone. Texaco followed falling 3% to 48, with investor Carl Icahn and company manage ment Friday both claiming Victory in their healed proxy Battle. Us Fiig was third unchanged at 32�t, on heavy dividend related volume Friday at to gained it to 27k. Ism Rose f i to 117ft. Smith Kline Beckman plunged 9v to 45, on reports the company lowered its Cam Ings estimates for the year. Irving Bank Rose 6h to a Tias the Bank of new York pressed its Man Jar offer. Among tic actively traded Blue chips Exxon was up i to 46ft, general electric was up k to 43 i Merck was off / to 55 and Union Carbide Rose 1 v 10 21 �. On the american Stock Exchange the amex Manvel value Index fell 3.63 to close at 305.70, while the National association of securities dealers Index Rose 0.66 to 386.91. Declines led advances 411-387 among 1,031 issues traded on the Ames. Volume totalled 54,500,900, shares compared with 65,109,970 traded a week earlier and 73,711,470 traded in the sume week a year earlier. Dome Petroleum led the Macx actives unchanged at 1-5/31 Wang labs class b followed off it to to i. Amdahl was third Down h to 52 w. My 11m 1314 .03 tort 1,74 7.74 ,01 Nuu 578 7 1z a in jul 1191 1250 Job Conui 10.991144-03 soul Cunt knt ulip Gillip pulp to h lifj.1umi us Comil got Gra a. Sefl 9 u a i ud1 hot Jyh 901 he. 765 7u ib1794 Al pm 122 6i5-Jb 9154 no 39 Tuoi no j l 9472 no 7.41 7 1 to 9494 no Iii m Jyh i mgr ii not 1017 17j7 1241 11.7b 11 37 to Ftp 1s9i 1173a sgt 14h15.u-.uieiji.ir it a a bit a him 02 1 arts 82ijh it a St Etc a 21.1 i at "3ht, he Juho 11jh it Juhr 1u� ii 4pm 17 49 is a 01 bt6r 10.19 m. 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