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Show best bet Irene Protect Your Future Dollars & Sense female bluet band 8:30 p.m. March 18 Cortez Creamery $7 Got no place else to go the night of March dbancorp Piper Jaffray. 18? Luckily, Uncle Irene does. The heU bent blues trio from Aztec will be performing songs from their debut album, 'No Place Else to Go,' in addition to a slew of blues classics, in Cortez storting at 8:30 p.m. Drawing on influences such as Big Mama Thornton and Stevie Ray Vaughan, Uncle Irene plays a diverse repertoire of covers and originals, ranging from slow and smoldering to Fast and furious. Made up of Jana Johns on drums and vocals, Rebecca Burkhardt on guitar, and Jessie Sauer on bass, the 'gospel according to Uncle Irene is guaranteed to get the party moving and keep it that way. Ute Casino, Towoac. $25 entry fee includes seafood buffet and prizes. Open Mic night and potluck, 6 p.m. the first and third Wednesdays, Quality Bookstore, 34 West Main in Cortez. Page Bar and Grill. Lee Bartley on jazz piano, 5:30 to 8:30 p.m., Thursdays Upstream Restaurant. Saturdays at JJ.'s "Celebrating our Roots," the 18th annual San Juan Basin Technical School Four States Agricultural Expo, March Montezuma County Fairgrounds. (970) 9-1- 1, 565-183- 6. Sweet Escape 2000 dessert extravaganto 5 p.m. March 11, Four Seasons za, Greenhouse, 26650 County Road P. Proceeds benefit Renew for victims of domestic violence. Knights of Columbus fish fry, 5 to 7 p.m. March 10, Parish Hall on Lewis Street. $6; $3 children younger than 12. Rocky Mountain Elk Foundation annual banquet and auction, 3 p.m. social hour, 6 p.m. dinner, March 11, Pagosa Lodge, 5 or (970) (970) 731-273- 731-908- Pagosa Springs Rotary Casino 1 Royale, presented by Coors Lite of Durango, 6:30 p.m. through midnight March 17, Pagosa Lodge. Tickets are $50 in advance, $60 at the door and entitle buyer to $50 in 'Pagosa Recreation Bucks' (970) Yoga, 8:30 to 10 a m. March 4 and 11. Cortez School of the $50 or $7 for drop-inArts. 970) s. 565-917- 731-989- St. Patrick's Day Parade, 4 p.m. March 17, downtown Pagosa, $3.17 entrance fee. (970) 264-236- Annual friends of the Library Indoor Hawaiian, Tahitian and Middle Eastern dancing. Mondays Fridays, Garage Sale, 7 to 11 a.m. March 18, CSU Extension Building. Booths available for $15. $32month. (970) Tai Polyalsh, Tai Chi Chuan, Mondays (970) Fridays, $32month. (970) Performing Arts Square Dancing, 8 p.m. first and third Lakeview Grange, 28567 County Saturdays, Road M in Cortez. (970) "Thursday Night Live," 6:30 p.m. Jazzercise, 6:30 to 7:30 a m. Tuesdays March 9, Loredana's Restaurant. Get tickets at and Thursdays, Mesa Elementary School; Loredana's or Hodge Podge. (970) and 5:30 to 6:30 p.m. Mondays and Visual Arts Wednesdays, Manaugh Elementary School. walk-in$3 $20 for 10 classes. Annual PSAC photography contest, Musical chairs low impact 5:30 to 6:30 p.m. Tuesdays and Thursdays at Manaugh on display until March IS, PSAC gallery at 882-547- 264-220- 882-547- 565-983- 731-367- 1. s, $20 for 10 classes. Town Pdrk, open Stories, songs and activities for a.m. to 3 p.m. Investing ages 882-481- 1. and Classes Exploring Your Creativity, 9 a.m. to noon March 18, Cortez School of the Arts. $15 plus $5 for materials. (970) 565-917- 8. Creative Writing for Beginners, 6 to 23, Feb. 7:15 p.m. Thursdays through March Cortez School of the Arts. Register by 10. $35. (970) The Writers Group, essays, dramas, novels and artides meets first and 6. short-storie- s, third Tuesdays, CU Center. Just for Kids Kids Club Room, for 1st through 4th grades, 3:30 to 4:30 p.m. or 4:30 to 5:30 p.m. Mondays - Thursdays, Education Center. -- wrenching price swings, they Ye historically offered higher returns: According to Iblvtson Associates, an investment research firm, one dollar invested in the SJLF 500 index of large company stocks in 1926 grew to $1.1 13 by 993, including capital gains and reinvested dividends (we would note that past performance is no guarantee of future results). Still, some savers are reluctant to put assets at risk. They their settle to for the prefer relatively modest short-tercash investments returns of such as money market funds and bank accounts rather than risk losing part of their principal in a stock market decline. Inlike stocks, money market funds, although there can be no assurance, seek to maintain a stable share price and bank accounts are FDIC insured up to certain 1 hard-earne- d m are four reasons why even the most conservative saver should consider investing at least some assets in stocks over the long term: Cash savings probably will not outpace inflation. If you invest $1,000 in a cash account yielding 5 percent, you will cam $30 per year before taxes. Once you subtract federal and state taxes, you wont 1 m 1 1 five-yea- 1 least 1 5 ar years. You can further reduce your risk thtvugh diversification. An investor who buys only L.S. stocks of companies in a single industry, such as computers or steel, is likely to suffer slurp reversals from time to time. But a portfolio that combines domestic and international stocks in a variety of industries, as well as Kinds and cash equivalents is likely to be much more stable while still providing opportunities for strong long-tergains. m Rodney ft Swearingen is Vice lYesidenl with the 1 hi range office of U.S. Honcorp PiperJaffray Inc., a full service investment firm founded in 1S!5 Atcmlvr SIPC, NYSE, 5. Computer club, for 1st through 4th grades, 4:30 p.m. Mondays through March 20, Education Center. (970) 264-283- 5. Family fun nights, 6 to 8 p.m. March 9 Nightlife and 21, Karaoke, Education Center, (970) Education Center. (970) 264-283- Swing dance lessons begin Wednesdays, by the 12. 264-283- future, you must also decide what to do with it. Millions of Americans put their money to work in stocks and stock mutual funds. An although stocks can undergo gut The trouble is, playing it safe isnt always as safe as it appears. Following Pagosa Pretenders, 7 p.m. March 10, 11, 17 and 18, Pagosa Springs High School. $5 adults, $3 seniors and children younger than (970) Saving is the first step toward financial security - but its not the only step. Once you Ye decided to set aside money for the n Over long periods, that kind of safety-cabe dangerous to you financial health. For example, $ ,000 earning 3 percent annually will grow to $1,629 over 10 years. But assuming a 3 percent inflation rate, the purchasing power of that return will decline to 51,219. At 4 percent annual inflation, it shrinks to $1,103. And that doesn't even account for taxes. Stocks have offered better long-terreturns despite higher volatility. Ibbotson statistics reveal that, from 1926 through 1996, large company stocks in the S&P 300 index delivered annual total returns of 14.8 percent, compared to 5.6 fervent cash instruments annually for short-tersuch as Treasury bills (the L.S. government guarantees the payment of principal and interest on Treasury bills). In the 70 years from 1926 to 1996. stocks gained 10.5 percent annually, compared to 5.2 percent for bonds and 3.7 percent for cash. 77ie risks in stocks historically have declined over time. Make no mistake about it slocks sutler dramatic shortterm losses occasionally. But according to Iblvtson Associates, the longer investors have held stocks, the less risky tlieyVc been. The firm found this out when it studied the returns of the SAP 500 index of slock prices during the 70 yea is from 1926 to 1995. The stock index lost money only vrccnt of the time when held about r at least for a period. It did even letter over a period, coming out ahead 97 percent of the time. And the index never lost money when held for at other obti&itkm of or guaranNonJcfvait investment pn.xhk.1s are net insured by theft VC, an not ikfvsits Bank National Association or its affiliates, and involve investment risks, including possible loss of teed by the the princijxil amount invested. Securities products and services an offend thnvgh I 'S Bancorp Pivr Jaffray Inc., member SIK and NYSE, Inc., a subsidiary of VS Bancorp. ir lS Recreation PAGOSA SPRINGS 8 p.m. Can Help You Outpace Inflation limits. "Arabian Nights," presented 5 Saturdays, Anasazi Lectures, Workshops 565-267- 11 Theater Just for kids to 10, 10:30 a.m. Heritage Center. (970) B. Special Events Special Events walk-ins- , year. Swearingen Durango, CO Vice President Investments Rodney Long-Ter- m Elementary. $3 have much to add to your original $1 AV investment. I'nfonuiutely. even your nuxiest gain will likely disappear when you factor in inflation, which Iblvtson Associates says has averaged 3.1 percent since 1926. In fact, you'll probably have less buying power than you did at the start of tlic Sports 264-283- 5. in 1 March, Brought to you by... U.S. BANCORP PIPER JAFFRAY, INC. OF DURANGO, CO 1199 Main Ave. Suite 201, Durango, CO Please visit or (970) iu at our offices in the Bum 385-694- 9 Bank building. March 3, 2000 - Cross Currents 1 7 |