European Stars and Stripes (Newspaper) - December 31, 1989, Darmstadt, Hesse Page 20 to the stars and stripes sunday december 31,1989 investor s guide by Bill Doyle q. My Huib and and i Are due to retire soon. At that time my Hus band will get nil his investments from work which will be quite a lot. Will municipal Bonds be a Good place to meat that Mone ? a. I suspect by All his invest ments from work you mean the Money will come to your husbands Lump sum distributions from his pension profit sharing and Orother qualified retirement plan. If that s the Case and the Money re sults from his employer s contributions to the retirement plans every bit of that Money can be put into a rollover individual retirement account. Assuming that s the situation forget about municipal Bonds. In Stead the Money should go into a rollover Ira where it win remain deferred from income tax until it is withdrawn. If that quite a lot of Money is not put into a rollover Ira. It will be subject to income tax when received. Consider municipal Bonds Only if the Money is not eligible to be rolled Over into an Ira or for in come averaging. Furthermore Don t even think about investing in munis unless your total family income puts you in the 28 per cent Federal income tax bracket. Because the interest on most munis is free from Federal income tax that interest is lower than the taxable interest paid on other securities of equal Quality and similar maturities. Dow ends Strong up 27% for 89 new York up the Stock mar Kev ended the year and decade on an exclamation Point Friday As a late bout of bargain Hunting pushed prices sharply higher in thin Dow Jones Industrial average which Rose 7.90 thursday jumped an other 20.90 Points Friday to end the year at 2,753.20 up 584.63 Points or 27 percent from its Jan. 3 opening of 2.i68.57.among broader Market gauges the new York Stock Exchange composite Index gained 1.45, to 195.04. For the year the Index gained 38.78, or almost 25 percent. Standard & poor s 500-Stock Index Rose 2.73, to 353.40. The average jumped 75.68 for the year or More than 27 percent. The Price of an average nose share jumped 27 cents. Advancing issues led declines by a solid 1,059-482 among the 1,963 issues crossing the nose tape Friday. Big Board volume Rose to 145,940,000 shares from 128,030,000 on certainly finished in an upbeat manner said Eugene Peroni jr., chief technical analyst at Janney Montgomery Scott in said the Market got its initial boost from in Early wave of bargain Hunting in the final trading session of 1989 and then held its said Many portfolio managers had orders to pick up any stocks that have been beaten Down by year end sell ing for tax purposes. This occurs when investors sell issues on which they Are losing Money in order to take a Deduc Tion on their 1989 tax said the Market s year end rally was selective but added that the Market was not daunted by the seasonal tax re lated Selling. The Sharp Rise left Peroni optimistic about the Market s fortunes in the new year. Mutual funds have a lot of Cash and As the Market approaches in time highs it will compel Money managers to deploy funds into equities he was the Day s most Active nose Issue up i to 3 a. Pan am Fol Lowed up a to 2ft, and Philip Morris was third up a to 41.campbell soup extended la climb gaining l / to 58 i. Members of the Dorrance family have decided to seek a buyer reports closed sharply higher in Active trading on the american Stock Exchange with the amex Market value Index jumping 4.10, to close at 378.00. The Price of an average share gained 15 cents and advances overwhelmed de Clines 446-190 among the 908 issues National association of securities dealers composite Index closed up 4.84 10454.82. . Will avoid recession group says Tokyo up economic growth in the United states will continue to drag in 1990 but a deep recession win be avoided due largely to Strong consumer demand and the Federal Reserve Board s monetary control policy a private research Institute in Japan reported saturday. Yasuda research Institute co., a think tank of Yasuda fire and Marine insurance co., said the fed s preventive monetary control policy has overcome a fear of Over heating the Economy and that . Economic growth has slowed to a level the monetary authorities consider appropriate. The Institute said a further slowdown u expected in 1990 due to a sluggish demand for big ticket items such As automobiles decreasing capital investment caused by corporate profit declines and minimal contributions from the overseas demand for . Products. A serious recession can be avoided the Institute said citing the following factors 1. Consumer demand is expected to re main Strong in the service sector. 2. The business sector has refrained from excessive increases in production capacity maintaining its inventories at appropriate Levels by promptly adjusting its production to Cope with sales prospects. 3. Monetary authorities have become More concerned with the timing of a policy switch making a drastic interest rate in crease less unlikely. The Institute predicted growth of con Sumer prices will remain below 4.0 percent although surging labor and medical costs will continue to put pressure on prices. It said the us. Trade deficit a Fol decrease to $105 billion from an estimated $115 Bil lion in the current year. Export will be up 9.0 percent at $397 billion and imports up 4.9 percent at $502 billion. The Institute said the japanese Economy will continue to expand in 1990 but the Pace of growth will be slower. Japan s Gross National product is expected to grow 4.0 per cent Down from an estimated 4.5 percent m fiscal 1989, ending next March. Mutual fund Shoju Hub Imam from Page 19 Keg my Luw Mutt sinc vip my Pau do Pecan pm sop pm mul Pitt Matt a Mew Patti log Phi a cold growth Houkal Hiya Istock Tot Fly swag so of map Gama Hyup Hitt ppm fld Bond Mut fund hmm " wig. Mate Nalle sat Eva to mite a 11 mn1e Ohie Pattie d Fet in Tram my 8bs7s Shofi Kif Sale Mil Soichi 1221 1279. 01 993 1040 019 7 1034 01 1007 1054 1315 1377. 2420622137 19 21 06 21 71. 35 4722 4734 03 1006 no. 06 1000 10so 07 685 685 57 1591 no. 07 5 96 no 1054 no. 06 614 14. 06 k4is 1520. 06 1753 1863. 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