European Stars And Stripes (Newspaper) - October 30, 1988, Darmstadt, Hesse Pago 20 the stars and stripes sunday october 30,1988 investor s guide by Box Doyle q. I hive Hook i would like to in rest far to Lent in Yean. I Donot Wint my Hmood Miknow hour this would be simple and ate in vestment hit would not Hare to be mentioned on doric our joint income Tux returns a. Series be . Savings Bonds arc the logical Choice. I can t think of anything else thai could be totally hidden from your spouse. Buying be Bonds is a simple thing. Just go to a Bank and make your Purchase. They Are certainly Safe because they arc issued by . Treasury and backed by the Federal Bonds now being issued accumulate interest at a guaranteed annual Rale of 6 percent if held for at least five years. Also after five years they arc eligible for the Market based rate which changes every sin months and in most periods has been higher than the guaranteed s Hope you re planning a pleasant Surprise for your husband seven care Down the Pike. If he s still alive and you two remain mar ried the interest you collect when the Bonds Are redeemed will have to be reported on the joint income tax return thai year. , 1 plan to buy $5,000 series be Bond for my 26-Yebxjld grand dung Ter. 1 Don t nut her to learn about ibis until the Bond matures which 1 believe will be in live years. Is this i Good idea a. Sure. That generous Girt should make your granddaughter very Happy when she finally Leams Aboul it you la be required to provide a taxpayer identification number when you buy the Bond. Use your granddaughter s social Security number if you know it. If Youdon to use your social Security number and make sure the Bank Orother issuing agent inscribes the word gift on the Bond. Either Way the Federal income la liability on the interest received when the Bond is redeemed will be your granddaughters not yours. You re mistaken about the Bond s maturity. Be Bonds Issue since nov. 1, 1986, Are scheduled to mature in 12 years. But they earn full interest after five , my wife and i have retirement income of More than $1x100 a month which is suffice no far our needs. Behave about $50,000 to certificates of Deposit and pay income but on every Penny of cd interest. As the cd mature our thoughts Are to buy Serin be Bonds in equal amounts each month. Then if wended Money we will Cash the Bonds gradually and pay income lax Only on the acc Nolalee merest from Ibe Bonds redeemed. Will this plan reduce our income taxes a. It will assuming the accrued interest from the be Bonds re deemed in any year amounts to less than the interest you would receive by leaving your Money in Don t pay Federal income tax on be or e Bond interest until the Bonds Are redeemed or reach final maturity. Under your plan the interest accumulating on the Bonds you Don t redeem will continue to build up tax deferred. Just be careful not to redeem Anyee Bond until you have held it Tor at least five years. If you Cash Early you gel less than full interest. Business news 2 developments blamed for week s Market slide new York up takeover mama continued to fuel the Stock Market Las week although the recent excitement sur rounding corporate mergers and acquisitions has begun to show signs of fatigue. The Dow Jones Industrial average which Rose 9.06 Friday closed the week at 2149.89. For the week the Blue Chip Index fell 33.61 Points. The biggest decline of the week occurred thursday when the Dow fell 24.35 Points. Analyst attributed the Sharp drop mainly to two things. One was a proposal a de wednesday by the Federal Reserve chair Man Alan Greenspan asking the Senate banking committee to change the lax Law to discourage corporate borrowing. The other was first Boston corp s postpone ment thursday of a major junk Bond offer said extensive corporate Bor rowing could pose problems for the econ omy especially in the event of a recession if companies saw their incomes decline and could not make their debt payments. First Boston announced it would delay pricing the $1.15 billion offering of Federated department stores junk Bonds which would provide Long term funding for Campeau corp s acquisition of the company earlier this year. The Price delay suggested to some analysts that first Boston it having trouble attracting investors. But by Friday analysts said investors concerns Over financing had cased. " Friday was very impressive in thai stocks were Able to regroup after thurs Day s blood Bath said Al Goldman a Market strategist with . Edwards & sons in is Louis. The main thing was the aggressive buying of general motors based on impressive earnings he said referring to the automobile maker s $859 million third Quarter earnings compared with $812.3 million in third Quarter 1987. It was Good to see investment buying rather than just game playing in the takeover stocks Goldman said. If we saw More of this 1 would be less concerned about the prospects of the Market being Able to go meaningfully higher from Herer for the week Goldman said then was a continuation of a 9-week-old rally that should slowly continue As Long As vice president George Bosh remains the front run Ner in the presidential Campaign. I think the Market s activity has rattled the cages of a lot of people said Hugh Johnson Bead of the investment policy committee at first Albany corp. People Are becoming More aware of the Darker Side of the acquisition Broad Market indicators also dropped last week. The new York Stock Exchange composite Index fell 2.63, to is6.79. Standard & poor s Soo Slock Index fell 5.13, to dose the week at 27s.s3. Declines led advances 1.19m88, among the 2,157 issues traded. Big Board volume totalled 850.126,070shares, compared with 853,142,590 in the previous week and 1.41 billion a year ago. On the nose trading floor last week Rwjr Nabisco was the most Active Issue up 8 a to 85. Kohlberg Kravis Roberts & co., the private new York investment firm thursday launched its 190-a-Ihtre, s20.3 billion takeover bid for the Tobac co and food giant. Meanwhile a group of Rwjr Nabisco executives led by us chief executive officer f. Ross Johnson said that Salomon Brothers inc. Would join another financial Backer Shearson leh Man Hutton inc., in developing a proposal to buy the Rwjr Nabisco raising the likelihood of a bidding War. 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