| OCR Text |
Show Pears ~ What fs This Thing Catted ings Tie Sayings into Millions I just turned 18. If T save year, can I turn it iON‘$500per en ite wee melongine invmy — Vanesoles Becidyan, life : Paramus, NJ he Wy [Yalta katate ae Ital depends on what youdo Swit the moneysIC you park Keep in mind, though, that you “should be able to beat the stock market and get there a lot sooner The Dow dividend approach has »averaged over 20 percent annual + growth for three decades. At that = ‘ sctate, you'd be a millionaireby age "50. Andthis assumes you won't “save more than $500 “which you will, right? By invest 5 > “ing intelligently, you canget toa Million ina few decades startin : 4 dealers viafax. Barter with a home-court advantage rather than squirming mum monthly payment scoops. Not true, Weuse credit cards. We just pay the whole bill each month. And we recommend choosing cards carefully. Use Florida-based Barnett Banks was ee Mt _the low $50s py you have an embarrassinglesson learnedthe hard way? Boil it down to 100 words (or less) andsendit to The MotleyFool clo My Dumbest investment. Got onethat worked?Submit to My Smartest Investment. If we print yours, you'll win a Fool’s cap! 5100 Pet month (or $10, jwhuehievel s Breslen): Consider a few other things, ‘hough. card,When yousigned I up ! for cards at the dealership, surroundedby six salesmen, Good luck is only 2 percent — just ous University) s spilty auclest thecard, it offered thatlow 6.9 percentinterest rate. But you did American household owes more ee $5,000'0n ae cars is , more than $15,000. No wonder ¢ Here’s are few buyouttargetsleft. Not @ Ae any more banksthan any other _Tedit card debt. faduate without LAST WEEK’S TRIVIA ANSWER From my headquarters on Herald Plaza, | oversee news reporting operations across the United States and the world.Thisis a far cry Al from myearly days in 1903, whena lawyer in “shining armor” switched careers to start me in Akron, Ohio. “Observers” and ith school fies Ong iwith sc eo} SUPpIIes, Who am |? A, ; third largest bank in the U.S. as measuredbyassets, after Chase ‘Ment each month. The typical ducing searchable news, business and legal databases. shipping containers. | make Fe Finally, if revolving-debt cards ™akeit too tempting for you to Sree cesecerertcscsessceercsessesatsssssesetereeseses, some academic types think of fermented honey and yeast drinks. Got a questionfor the Fool? Sendit in —- see Write to Us another danger. Let’s say $ that you're fired up toinvest in : also focus on copier paper and those loans, since cards typically carry higher interest rates than stu- First Interstate and by Chase Manhattan for Chemical Bank. students snap up the ban! my notebooks every: licited credit card applications Gees, | was busy intro- dent loans. Sees : the price paid by Wells Fargo for Manhattan and Citicorp. Manymightthinkthat with all these recent acquisitions, there the Bee help with financial aid and schol ae ae yBaretfor$13.5 ould yi acneFob) ey bilEi ony sevice shaces unto te tug $60. This was oneever, ofthe biggest banking mergers topping charge more than you can afford, considergetting the type of Charge card that requiresfull pay- Pete: Americans were groovingto atships. Make sure, though, that five minutes to scrutinize your statementfor any mysterious Sern | got mystart more than 37 years to pay off the asa Dayton Ohio 3) balanceif you pay just the miniah ‘3 mums. All told, you will have paid Seotember. While and www.fastweb.comfor ca geivee take take Period. Wi When ihebilli arrives, ‘ und Nenh r NationsBank nowbecomesthe papermill, and Check out www.finaid.org = HORE ree oeCes) ao inieraagy eeEa Sita GS2) _unreasonable penalty fees, grace and 4) a protectedinterest-free investors. For example, last week charges. Company ¢ Now, even if you don’t accumu= late any more debt, it will take you me? — Cory Gunter-Smith, Winnipeg, Manitoba pizza-box-lid props andice cream that electronmicroscope: in teeeeeeeseeeees notice, didn’t you, that the rate swelled to 18 percentafter six NameThat ! nonins? sneaky devils very Are there Websites that canhelp ti | forward toyour graduation, You've rackedup $5,000 in debt. 0 yourcard, Are you worfied? Naaa. Your mini& TheFoot Responds: If you have access to the Web, -World Wide Web. I'mjust a “ ine 4 tee head on over to www.edmunds.com, Where you can find out exactly how muchtheroadster of your dreams costs the dealer. At your library or a bookstore, pick up Edmund’s car-buying guides or Remar Sutton’s “Don't Get Taken Every Time.” Try negotiating by requesting bids fromyour local junior, but I'mready to start con + quering mystudent loans today i =e TE z Banking on Banks || nage. A The trend toward consolidation amongbanks is proving profBere roavel psoes i Oe at the University of Manitobat'velgot ane mail account and access to the : The Perils of Plastic investment interest onit.netsif your $5,000 stock you an 11 percent => way to the bank. return,you're still losing money. Investing doesn't work Wellit you're in deep debt Atthis point, you probably think we Fools propose limiting credit card use to bookmarks, than now. a stocks, but youstill owe that College can be great. No parents mgeine Van Witcae can eat ice cream for breakfast and popcorn for dinner,if you like. And best ofall, America’s banks keepoffering you credit Pcikvira ey mmueionee There's no better timeto start Se : “2 ki een. The Motley Fool ee, esting, and hopesyou'll laugh all the $5,000, paying 18 percent annual I'm saving my money to buy a new car, and I don't want it to end upbeing my dumbest investment, I've heard plenty of horror stories about the car-buying process from friends andrelatives, and ['m not sure how to go about getting the best price, Help me! — Carol Hayman, Austin, Texas figures at age 71 The Fool School | Car-Buying Anxiety tat a bank, eaming 4 percent per annum, you'll be a 130-year-old millionaire, But with an S&P500 index fund, which has matched the stock market's average 10.5 Percent return,you'll haveseven z z the onlypeople who could get awaywith telling the truth to the i Our Mission: To inform, to Amuse, and to Help You Make Money —_“inquirers” have followed me over the years, as | acquired some properties and “rid” myself of others. | have been listed several Pe eccccccccccscccscecccccccssces pe z ‘The Motley Fool? Remember Shakespeare? Remember “As You Like it"? In Elizabethandays, Fools were ee’ Turni | true. Investors should remember that the United States still has country. Forexample, America has hundreds ofsizable banks, tiie the United Kingdomlas only four banking institutions. In | 2 | , SUEeetee 5 aNnae7 re ieeeatissiy Gea lasce ‘national banku Ant: ines a will anh Baw or be ecnuledtingene E Fools willing to do .itule dig. 2 timesas one of the 100 best companies to work for in America, and my eamings have grown about 26 percent per year overthe last ging in their own back yards could chance on some bargains a) five years. Who amI? (Answer: Knight-Ridder) Write to Us! Send questions for Ask the Fool, Dumbest among banksthat Wail Street mightotherwise miss. Many GeIDCMELTGUNEMCEEERAT (or Smartest) Investments (up to 100 words), and your Trivia il entries to Fool @fool.com orvia regular mail c/o this newspa- per, attn: The Motley Fool. We wantto hear from you! | well-runlocal banks in high- growth states are sti!] attractive, sporting compelling stock prices. Oe ereccceccesevccecvccecoscesesccosees ©Copyright 1997 The Motley Fool/Dist. by Universal Press Syndicate (for release 9/4/97) ‘ CERTIFICATE.monsaeWna : = Onie ae tf Bs CTT)aa I ¢ : auc ea re58 baum Pe 6374 f LCee Ca ta $10,000 Minimumdeposit, Rates are subject to change withaut notice MEMBER FDIC ——— 1455 E. 2100 So. * UVB Home CREDIT _ 487-0811 WE Magraw, miffedafter being underbid by 4 Utahfirmfor a mail contract, wrote President Buchanan accusing Utahsettlers of being in “openrebellion against the U.S.” The President reacted by declaring war. But before troops could reach Salt Lake, Buchananrealizedhis error andpar- Visit Our New South Valley Office 9488 Union Square (700 E) 571-7710 donedtheentirestate. — ADVERTISEMENT — Do You Have An IRA Or 401K? PeADAM UT SE ROTMURA TONaaaaN BCaA Oe MCLOR UEC You May Be Getting Trapped Free Yourself Now! Most Americans who are concerned about preparing for retirement are lured into will pay 8-12 times the taxes during their retirement years than the taxes they saved during their contributing pre-tax dollars into contribution/accumulation years, “ 4 Douglas R. Andrew, President : 401K plans or tax-deductible ‘ Paramount Financial Services One ofthe original IRA/401K contributionsinto IRA's. Such ualified Plans" only give you tenets held that deferring tax until : stacesatennetines oI retirement was advantageous increase your net spendable retireeta ‘and accumulation because funds would likely be of your retirement account. aes at SeeTae 's y Whatabout the most important phase --whenyou withdraw the moneyfor retirement income or transfer remaining to ion any ie vers funds told you "The rest of the story?” Jtah couple filing I a joint tax Mentincome by as much as 50%! E.,,, ‘cost-effective telecommunication’ To understand how to Spend retirement in the same or oF 401K plan is wise in your higher on ; you iSlaedas circumstances, the Utah respectable retirementnestegg. Ey Institut it In fact, tax rates will likely rise in miedovenaeae the future to cover budget deficits. “Common SenseStrategies for is not an oxymoron. i Atateal Ourall-digitalfiber network saves you time (and money) at yourfax, phone or comseritne tinformation i i at unparal < puteri by transferring leled speeds. And with our SONET-ring So why postponethe inevitable networkarchitecture (ask yourin-house techie to explain i youreceive i service i that’sY plainit), 7 dependable as the sunrise. Fax’ y Well datarmine if participationin an IRA Successful E ful Ve Equity Management.” rent with @ taxableincome in a"d Compoundthe tax problem? jt will be held at The Riverboat \ i CareAAE {too hrelan fortunate enough to both qualify proper planning, a homeowner —89@iN from 7:00 -9:30 pm, fordeductible contributions to they would save $1400 a year in taxes on a total contribution of $4000 a year. However, mostretirees will pay may safely utilize an equity retirement plan that may provide tax advantages during the contribution and accumulation years, but more importantly, you This educational seminaris taught nationally at a normal tuition of $60.00. Howevie Salt Lake Valley honeowners are cordially invited to attend this presentation backevery dollar to Uncle Sam may enjoy tax-free income during they in taxes in the first 18-24 months of their retirement. In fact, the average retired couple i (4500 S. 800 W.) on Thursday, Sept. 11th, from 1:00-3:30 pm & (CASS 1,200 will be in a 35% Piabree if they were an + the retirement years and transfer any remaining fundsto your heirs tax-free. This strategy can y é Call 521-3000 a vaivare vindRees FERVICES LocAT Tai ‘CHED ANDORDICATED LON Doesthat technology make us unyielding like your standard monolithic telecommunicay tion company? Never, We're flexible enough to customize solutions to your exact specifications. . at no charge, compliments of our ghee A SOMMIDIARY OF CITIEENS UTHLTTIPE 4. TRIAD CENTER, SUITE 200 It’s not our intention to upset other sponsor, Paramount Financial Services. For guaranteed seating, please RSVP at 262-8900, _ i —_ELI helpsyousave time and money,notto mentionreap the blessings of enhanced proaxl , , ductivity. Hopefully, our competitors won't take it too hard, SALT LAKE CITY, UT B4iBo telecommunication providers, butthe fact is, ‘ & } woweli.net e r 7 | |
