European Stars and Stripes (Newspaper) - January 22, 1990, Darmstadt, Hesse                                John f. Jackson of ice financial services Frankfurt West Germany. The walkers financial strategy is Fine As far As it goes but Jackson thinks there s room for improvement. He considers he Pioneer ii Mutual fund a solid investment but thinks the walkers arc pulling too much into it. He thinks the family would be belter off spreading that Money around even if it Means accepting slightly higher level of risk. He suggests they take $30.000 out of Pioneer ii and put it to use elsewhere. Among his suggestions on what to do with the Cash 1i put $5.000 into the Germany fund a single country Mutual fund that invests i publicly traded stocks of successful companies in West Germany. The idea is to take advantage of the political and economic changes sweeping through Eastern Europe by investing in companies in the West Likely to Benefit from the reforms. 2 put $10.000 into Fidelity Magellan a top performing Mutual fund that has increased in value nearly 200 percent Over the past five years. 3 invest $5,000 in Gabelli equity Trust an aggressive growth Mutual fund with less than a five year track record but solid results recently. 4 invest a total of $10,000 in limited partnerships Active in the . Cable television Industry and transportation equipment leasing. Jackson touts the tax advantages of these investments As Well As their earnings potential. Other financial advisers warn that Many limited partnerships require a five to 10-year commitment from investors and they can be difficult to unload before then. That s not to everyone s liking. So exercise caution. Jackson does t want the walkers to abandon Pioneer ii entirely. In addition to leaving $5,000 in the fund he suggests the family continue to put $200 per month into it. He also suggests $333.33 per month be put into individual retirement accounts for or. And mrs. Walker that invest in shares of Fidelity destiny i. That Mutual fund is generally considered a smart pick for investors like the walkers who favor Long term growth. One final Point Jackson thinks the family should double Check How much it s spending on life insurance. If their costs arc More than $60 per month in premiums he thinks they can find a policy that provides the same coverage they now have for less. Capsule comment too much of the walkers Money is tied up in a single Mutual fund. That Money should be spread around into several other investments including a fund that invests in West German companies Likely to Benefit from economic reforms in the East bloc. Where to invest Pioneer ii $5,000 Germany fund $5,000 Gabelly equity Trust. $5,000 Fidelity Magellan $10,000 Jones Cable television fund $5,000 pm equipment growth fund $5,000 Fidelity destiny i individual retirement account$4,000. Don Womack american financial services Frankfurt West Germany. I think the walkers Are in Good shape. They obviously have gotten Good advice Womack said. Nevertheless he would like to Sec the family diversify its investments a Little More. He would t touch the $35,000 in the Pioneer ii Mutual fund but he thinks future dollars could be used differently. Instead of investing $500 a month in Pioneer ii Womack suggests $200. He d then like to Sec the family increase its investment in american capital Pace a Mutual fund geared for steady Long term growth from $ 100 a month to $200 a month. And Womack likes a third Mutual fund Temple Lon growth fund. He suggests investing $200 a month. Temp Luton growth invests in stocks worldwide not just in the United slates and Womack said that s a plus. The fund delivered 16.39 percent for the year ended june 30, 1989. Over five years it showed a 135 percent return. It s Fine to invest in America but it pays off to invest in Europe too Womack said. In the last five to 10 years Many foreign markets have done better than the ." with a portion of the family s remaining discretionary income Womack suggests tax free municipal Bonds. He likes the Pioneer municipal Bond fund which invests in a variety of High Quality issues. He also thinks the walkers should move their $5,000 savings account from the Bank to a Money Market fund. As a Rule. Womack said he s a big fan of Mutual funds. They enable you to avoid making investment decisions on your own. In a Mutual fund you join collectively with other investors to Gam advantages not available to you  Womack favors monthly investing As a forced savings technique. Many people end up in sad shape because they never take the time to plan for the future. A recent report from the National Council on aging indicated the average 65-year-old in the United states has no More than $4,000 to his name Womack said. Most people just go through life spending everything they make he said. And that s True whether they earn $25,000 or $100,000 a  capsule comment the walkers Are showing their financial savvy by investing in Mutual funds on a monthly basis. Still their portfolio would Benefit from a couple of additions. Two Good choices would be tax free municipal Bonds and a Mutual fund that invests at least 50 percent of its Money outside the United states. Where to invest Pioneer ii $200 per month american capital Pace $200 per month Templeton growth fund $200 per month Pioneer municipal Bond fund $200-to-$300 per month. Judson and Florence Walker say their number on Lanni the Walker family has a solid inv but three experts say it could be name chief warrant officer 4 Judson Walker. Family status married with two or fld employment background a 23-Yea army Veteran who want to retire after 30 years of service. Assigned to 51et malt in. Mannheim West Germany annual income $88,000. Total include Walker s salary and that of his wife who is employed As an army Community service outreach coordinator assets $38,600 invested in two Mutual funds $5.000 in a savings account $4,000 in iras for himself and his wife More than $200,000 Worth of Iff insurance covering himself and his family. Walker also owns a $45,000 Home in Brownsville Tenn. Goals Walker wants both sons Ages 16 and 7, to attend College and he Hopes to of his own business in the United states after retiring from the army. 10 is financial planning guide january 22.1990