Thursday, June 9, 2011 The Gunnison Valley Gazette Page 5 Sorensen joins clinic staff The Outdoor Report Gunnison Valley Animal Clinic would like to announce the recent graduation of Dr. Tyler L. Sorensen from the College of Veterinary Medicine at Colorado State University in Fort Collins, Colorado. He received special recognition for excellence in the area of dairy cattle but is fully qualified in both large and small animal veterinary medicine. Tyler is now working at the Gunnison Valley Animal Clinic with Dr. Tom Anderson and Dr. Chris Larsen. Tyler graduated from Gunnison Valley High School in 2001, Snow College in 2005 and Utah State University in 2007. He is the son of Lane and Loreen Sorensen of Gunnison and the grandson of Irma So- GUNNISON VALLEY V ANIMAL CLINIC MEDICINE & SURGERY THOMAS E. AND 'SO ' R. LA EN DVM ourtesy oto Dr. Tyler L. Sorensen returns to Gunnison to work at the Gunnison Valley Animal Clinic. rensen of Gunnison and Hazel Cohoon of Cardston, Alberta. He is married to Amber LeFevre of Vernal, Utah and they are the parents of two boys, Landon, 4, and Braden, almost 2. They are happy to be able to live and work in Tyler's hometown. Explore different options when purchasing bonds Submitted by DARIN FRANDSEN As an investor, you may find that bonds can be a valuable part of your holdings. But there's more than one way to own bonds, so you'll want to be familiar with the various investment vehicles available because the more you know, the better the choices you'll be able to make. So, let's look at three popular ways of owning bonds: •Individual bonds —When you buy an individual bond, you will receive predictable interest payments. And when your bond matures, you'll get the original principal back, unless the issuer defaults, which is not common in cases of "investment grade" bonds. However, the value of your bond the price you could get for it if you sold it on the open market before it matured — will fluctuate over time, primarily in response to interest rates. (When market rates go up, the value of your bond drops, and vice versa.) In general, you'll pay at least $5,000 for an individual bond, though that amount may vary. Consequently, while this approach gives you more control, it can be more time consuming and require a larger investment in order to build a diverse fixed-income portfolio. • Bond funds — By investing in a bond-based mutual fund, which may own dozens of different types of bonds, you can efficiently increase your diversification, which is important, because diversification can help reduce credit risk (although it can't guarantee a profit or protect against a loss). A bond fund does not pay you a fixed rate of return; instead, you receive dividends, which will fluctuate based on the underlying bonds' interest rates and capital appreciation. In addition, bond funds don't have a maturity date when principal is repaid. Keep in mind that when you purchase bond will bear. funds, you could be subject to Although UITs can be capital gains taxes in two dif- some of the most cost-efficient, ferent ways: if you sell your low-risk options in the fixedfund shares for a profit or if the income arena, they are not fund manager sells an under- without risk. Specifically, since lying bond for more than it's a UIT's bonds provide fixed inworth. This increased capital terest rates, there's always the gains liability is one reason that possibility that the bonds will many people put bond funds in lose purchasing power to inflaa tax-deferred vehicle, such as tion over time. an IRA or a 401(k). When choosing how to • Bond UITs — A unit in- own bonds, you'll need to evalvestment trust (UIT), like a uate many factors — and we've mutual fund, contains a variety only looked at some of them. of bonds, so you get the ben- You may want to consult with a efit of diversification. Unlike a financial advisor to determine mutual fund, however, a UIT is which methods of bond ownnot actively managed and does ership are appropriate for your not change its holdings. And needs. By doing your homesince no manager is involved work, and getting the help you in making changes or trades, a need, you can maximize the UIT has low management fees. advantages of adding bonds to A UIT is typically established your investment mix. for 20 to 30 years, but, as an This article was written by individual investor, you can Edward Jones for use by your sell your shares whenever you local Edward Jones Financial want, for whatever the market Advisor. Hot fishing on the Green River The Green River in Utah is running higher than normal. But those who have learned how to fish during higher flows are enjoying good to excellent fishing. "Rumors are flying," says Ron Stewart, "but the fact remains: everything that makes (the river) an internationally known blue-ribbon trout fishery—the fish, the scenery well, everything—is still there." Stewart serves as a conservation outreach manager for the Utah Division Wildlife Resources. He shares something long-time anglers already know: the fish in the Green River will adapt to the changing conditions. "But," Stewart says, "based on the rumors and number of trips being canceled, it sounds like the fish are adapting faster than the anglers." Located in northeastern Utah, the first eight miles of the river hold about 120,000 trout. The high number of gorgeous fish—and the breathtaking scenery—make the stretch of the river below Flaming Gorge dam one of the best trout fishing waters in the nation. You can stay updated on fishing conditions on the river by reading the DWR's weekly fishing report. The report is available at wildlife. utah.gov/hotspots. Stewart says higher flows—especially flushing flows designed to help endangered fish in the river— move vegetation in the river. Those flows knock insects The Outdoor Report is Sponsored by: PS I S ° 9> SATTERWHITE oFO WITH SO MANY CHOICES, WHY WOULD YOU CHOOSE and other invertebrates off the vegetation and into the water. The trout in the river often go into a feeding frenzy after the insects and invertebrates have entered the water. Stewart says as long as the flows have a chance to stabilize, the fish will adjust to the new flows and start feeding again in a few hours. To help reduce flooding downstream, reports from the dam indicate the water flows will stay stable at about 4,500 cubic feet per second (cfs) while the Yampa River remains high. The stable flows should lead to good to excellent fishing this summer. To catch trout in the river this summer, Stewart suggests the following: Look for slower moving water. "When the flows increase," Stewart says, "the Green River just gets deeper and a bit faster because the canyon restricts the shape of the river." Fish adjust to the faster flows by moving to areas that have rocks that slow the flow of the water. Cobble-sized rocks give fish shelter close to the bottom. Big rocks and rock reefs create small to large eddies that fish often "stack up" in to avoid the rushing water. Both of these places are great places to look for fish. To compensate for a deeper river, fish deeper. Use a selection of flies and lures that will reach down into the deeper water. Streamers, and deep-diving lures or jigs, LOGHOMES Y Family. Experience. finality. are good choices. "If you've fished the river in late fall or winter," Stewart says, "you should already have what you need as winter techniques generally (require fishing) along the bottom." Stewart suggests attaching a scud or shrimp imitation behind a streamer. This is a deadly combination when fishing in deep water. The streamer does three things: • it's heavier, so it fishes deeper in the water column • it offers trout a tempting morsel • it acts as an attractor that draws fish. Trout often hit the trailing scud after being drawn to the streamer. Stewart says other anglers are doing well deep drifting nymphs, minnow or egg imitations, letting these large terrestrials sink to the bottom. The reason this technique works is simple: as mentioned earlier, when the river rises, the vegetation floods. As the vegetation floods, grasshoppers, crickets, ants, caterpillars and cicadas are forced into the water. Stewart says you can fish these offerings on top of the water, but letting them sink should bring you more fish. Also, remember to watch for hatches. "Insect life doesn't stop just because someone is letting more water out of the dam," Stewart says. "As the water warms, it will trigger more hatches." 528-5001 Hwy 89 Northeast of Gunnison Open Monday - Saturday The First Word and Last Name in Log Homes! Think Satterwhite for Log Homes, Rough Lumber, Timbers, Animal Bedding and Firewood TO PAY TAXES? Tax-Free Municipal Bonds 2.89% TO 5.26% * * Yield effective 06/03/2011, subject to availability. Yield and market value may fluctuate if sold prior to maturity and the amount you receive from the sale of these securities may be less than, equal to, or more than the amount originally invested. Bond investments are subject to interest rate risk such that when interest rates rise, the prices of bonds can decrease and the investor can lose principal value. Any bond called prior to maturity results in reinvestment risk for the owner of the bond. May be subject to alternative minimum tax. Municipal bonds may have original issue discount. Some of the available issues of bonds are callable. Contact your local Edward Jones financial advisor for more information about maturity dates and applicable call provisions. To invest in tax-free bonds, call or visit your local financial advisor today. Darin K Frandsen, AAMS® Financial Advisor 446 South Mall Drive B-7 St George, UT 84790 435-627-2159 www.edwardjones.com Member SIPC EdwardJones MAKING SENSE OF INVESTING Gunnison Valley Fire Department is hosting a Memorial Sporting Clay Shoot WILL RETURN in honor of Maynard Jacobson ***** _111.J1\1 11 * 113 AIM 1311_1_ 1< at ■1'9% 1=1"t1■4 (Mayfield Road - Highway 137 - Mile Post 6) * * * * * ENTRY FEE $20 PER PERSON Each participant will be entered in a drawing to win a Remington 12-gage Shotgun EVERY CLASS CAN WIN A GUN Expert, Novice, Youth Class 14 & under (must have a blue card) FOR MORE INFORMATION CALL: Boyce Mulder 435-813-2572 • Brian Sorensen 435-979-1348 ed Hansen 435-979-4422 • Rohn Peterson 435-851-4310 "REDUCE YOUR ELECTRICITY USE BETWEEN 2 AND 8 P.M." Give your washing machine, clothes dryer and oven a break during our hot summer afternoons. It will help us manage energy demand and keep costs down for everyone. It's wattsmart. To learn more, go to wattsmart.com . 1 ROCKY MOUNTAIN POWER Let's turn the answers on.