European Stars and Stripes (Newspaper) - January 30, 1991, Darmstadt, Hesse                                \ Money amp taxes financial newsletters May solve your problem by Randy Mcclain financial writer confused by All the conflicting investment advice being passed around Europe by Mutual fund salesmen concerned that financial planners Are More worried about lining their own pockets with commissions than protecting their customers income. A does being on this Side of the Atlantic make it a impossible to follow the  and Downs of the Stock Market  if you be got some extra Money to Burn there May be a solution to your problems. Thin about subscribing to one of several financial newsletters that review , and International Mutual funds and make specific buy and sell recommendations. A subscribing in t cheap but the right newsletter a can help. A ,. A a. A a c. A a at least that s the opinion of Mark Hulbert whose. Hulbert financial digest in Alexandria va., tracks the performance of 120 of the bust Knolyn newsletters. All the publications Are available to subscribers overseas. Many also offer Telephone hot lines with daily information on the Stock Market and Mutual fund offerings., a a a  i Hilbert s  newsletter picks a based on performance during the period Between. Tune 30, 1 985, anti june 10, i 990 a  fund strategist . Box 446. Burlington vt., 05402 this newsletter is published. Monthly.  Ripton costs $.149per year and includes Access to a Telephone hot line that issues Market updates As Well As urgent buy and sell recommendations. Between 1985 and 1990, the newsletter s Mutual fund  a total gain of 158.5 percent Hulbert said. F a  newsletter . Box 2538 Huntington Beach Calif 9264 7 this monthly a. Newsletter s Stock Market picks turned in a total gain. Of 110.5 percent Over the past five years a. A a a subscription costs $11 7 per year. As the new Sletter s. Name implies it also operates a daily  line. A no Load fund a 235 Montgomery 51. San Francisco Calif. 9-1104 this newsletter s buy and sell recommendations resulted in a  of 85.6 percent Over the past five years. A subscription costs $100 per year the publication does not other a Telephone hot line. A Weber s fund adviser . Box 3490 new. Hyde Park Nyi 11040 the newsletter s live year performance showed a total gain of 82,2 percent. A  subscription costs.$135 a year and comes wih a acre Solo a daily Telephone hot Lino. A fund Exchange newsletter 1 200 Westlake ave. North suite 507 Seattle wash., 98 1093530 this newsletter s investment guidance resulted in a 67.5 percent gain Over the past five years. A subscription costs $99 per year and the publication operates a. Mutual fund Telephone hotline. ,. 1 Hulbert cautioned that the newsletters above May rot be to the liking of All investors. I in suggests writing fora free copy and. Judging . A a Hulbert said Telephone hot lines add to a newsletter s total  customers must pay.  distance charge Avith , but the. Information can sometimes he. Invaluable. A a. Telephone switch newsletter for exam lie turned in a 1-10.5 percent gain River the past five years in Large part because it told clients to get out of Slock--., based Mutual funds one Day before the Slock mat  crash of october 1987. A r a individual retirement accounts iras Aren t the deals they were prior to tax Reform but they still retain some attractiveness both As a method of saving Money and As a tax break. If you Are covered by a retirement plan at work Ira contributions up to $2,000 Are still fully tax deductible under some circumstances it All depends on your income. Here Are the rules single or head of household adjusted Gross income at least $0 but less than $10,000 v a full deduction at least $10,000 but less than $25,000 full deduction at least $25,000 but less than $35,000 a partial deduction. Over $35,000 a no deduction married filing jointly a adjusted Gross income. A at least $0 but less than $10,00.0 a full deduction a at least $10,000 but less than $25,000 a full deduction. A a a at least $25,000 but less than $35,000 a full deduction a at least $35,000 but less than $40,000 a full deduction a at least $40,000 but less than $50,000 a partial deduction. A $50,000 or Over a no deduction married filing separately adjusted Gross income. A at least $0 but less than $10,000 by a partial deduction a ail other categories a no deduction what Day mean can to save of be been hearing ii for years save save a a Savea a. A it s Standard dictum from All the financial advisers though few of us heed it effectively. Now with the drama in the Gulf and economic woes at Home the gurus have turned up the volume a notch. They Tell us it is More important than Ever to save especially for those with Small children. Serious savers try to Salt away 10 percent of their Gross income Many people however find it a herculean task simply to set aside one percent. If you Are in the latter category Here Are a few hints to develop some new habits. Save that raise. Unde Sam this month gave All its workers a 4,1 per ent raise. Pretend you never got it instead put it Iitto savings. If you Are an e-5 with six years that Means about $625 a year. For a 0-3 with eight years that s $1,300. For a cs-10 with five years in Grade the savings will be about $1,200. Cut the credit. Pay in Cash. It May Hurt but you la soon learn what you really must have and what you can do without. If you re one of those people who routinely carries $1,000 in credit card debt you la a save about $200 a year. Forget a big ticket item. Bite the Liu Ilet eliminate one major expense each year. Perhaps it  Fain y stereo set a Winter vacation a sports car. Don t forego everything just one big Purchase. Consolidate those Loans if you own a Home you probably can get an equity loan to eliminate credit card and other consumer debt. You la be trading 8 percent Loans for a 1 2 percent debt. Roll that ear loan into it too. The equity loan has the added advantage of providing a lax  interest payments. Warning make sure you can handle the monthly payment. You Don t want to  Home., increase the Down if you Are committed to a major credit Purchase make the largest Down. Payment you can handle. Reducing a three year car loan by $1,000 will save about $200. Increasing the Down payment by $5,000 should save you about. $1,000 by the Lime the car is paid for. Setting aside the Money is Only part of the Bailie most of us can use help in keeping our hands oif of it. Try putting the savings in one year certificates of Deposit. The stiff penalties for withdrawing the. A Money Early a up to six months interest a should keep you in line. A wednesday january 30, 1991 a amps financial planning guide a a a 13