European Stars And Stripes (Newspaper) - March 6, 1989, Darmstadt, Hesse                                Mutual fund is one of the safer ways for an investor who does not want to watch the Stock markets Day today a financial adviser Coop Cooprider s4s Cus Schuettler investment talk setting something aside is a capital idea by Ron Jensen staff writer Jon Hudson has so advice for hoopla trying to invest and save Moncy pay yourself  he general agent Lor prude Hal life insurance in Europe said. It s sort of old and corny. By it s Trua. Tho consumer is bombarded with so Many places to spend his  when financial planners were asked by the stars and stripes to Oile Somo advice Lor people looking Lor Goorji investments they Olsen said the first step was a prepare a Budge that included some savings. Leo moms an agent with Prudential said probably 1he Mosi important thing and Many of the military people Don 1 do it you need to Sel yourself a budget most of these people Are interested in a big car a stereo a to and they Reatty Don t sit Down and set up a Nice budget ". Beyond hat Tho planners sad Good investments As a Way to generate income  Are unit urn to Evay individual s nods and the funds available to invest Mutual funds the Slock Market individual. Roli Remen accounts. We insurance annuities Bonds certificates of Deposit at local Banks or credit unions the menu is a lengthy one and choices depend on the appetite. One planner said a person with less than $40,000 to invest is wasting his and the planner s time but others said there is no minimum amount needed to begin investing. You have to take into consideration the goals and the ideas of the customer said Jay Core a personal financial planner loads financial services inc. If somebody is saving for retirement the Ira is still a Good thing to do he said. The Ira was affected by the tax Reform act of 1986.  covered by a retirement plan at Workman get the full tax deduction on a $2.000 Ira. Contribution Only if they make less than $25,000 a year married people May Lake a full deduction it. Their join income is $40,000 or less As income rises the deduction shrinks and eventually is not allowed in our markets the iras Are still useful Core said. But iras tie up a person s Money for a Long time and include severe penalties toe Early withdrawal. There Are other choices for someone who wants to retrieve Isoif investment sooner. Mutual funds Are popular with planners and investors. Mutual funds Are investments in various securities rather than specific stocks and that spreads the risk across a broader plane. A Mutual fund is one of the safer ways or Ari investor who docs not want to watch the Slock markets Day to  said . Coop Cooprider president of financial planners management group. Anyone interested in investing in Mutual funds can Check the history 61 them through several sources usually found in the libraries. Also financial magazines such As Forbes business week and Money annually measure the performance of Many Mutual funds Christopher Price owner of two or Block franchises in Europe agreed that buyers should shop around when considering the Purchase of a Mutual fund or any investment. Some people spend More time looking at shoes than they do before flipping $50 in to life insurance or a Mutual fund is said the Middle class is still not As sophisticated a buyer As it should  Price recommends putting an investment into the hands of a timing service that watches the investment  Liming service will move investments from one Type to another As the advantage changes. Ii might move your Money irom Mutual funds to Bonds to Gold in a single Day a you re going to put All your eggs in one Basket he said keep your eyes   one investment that became less attractive after lax Reform in 19bb was limited partnerships particularly xhosa involving real estate planners said. Passive losses from limited partnerships can no longer be used to reduce a person s Overall income. That old tax Ruo once gave the investor a Good reason to Hunt  that would yield paper losses now the Law makes the Purchase of Leal estate most attractive if it produces income aider Han sheltering other income there Are still a Tot of people in , bul there is a lot of customer Issalis Naclion said Margaret a. Burlado a Kaiserslautern West Germany lax consultant. Fewer people Are attracted to limited partnerships she said and those already in Are trying to gel out. The Stock Market remains an attractive investment for people unafraid of risk although the crash of october 19b7 has caused some to View such  cautiously. Some planners said Gold is Good Long term buy. Although others disagreed. Cooprider said. "1 think the Dollar is a Long Lerm  the advice is As different As the planners  it the hey is to determine whal your goals Are and the amount you have to invest Bill the Best advice remains the simplest save. Saving s the hard  Core said. That s the important part " what s in a name with financial planners sometimes not much by Ron Jensen staff writer so what do you plan to do with that tax refund hat will be arriving soon blow to on a ski trip Slick it in your Duffie bag with your duly socks or allow a Complete stranger calling himself a financial planner to determine the use of this extra Cash and. Perhaps any remaining from your monthly paycheck ii the latter is your Choice in the Hope that a Small wad of Money eventually will grow into a Large pile beware. Anybody can Wake up in Tho morning and say i m a financial planner " said Christopher Price owner of two or Block franchises in Germany. But consciousness at sunup does not necessarily make someone a knowledgeable or reputable financial planner., in ,.there is considerable confusion about continued on Page less a tax & financial planning guide 11