THURSDAY, MARCH 22,1979

glu Herata

PAGE 19

Hwaiii CLASSIFIED

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Ml 11’ V\ \S 111>

FANTASTIC JOB; opportunity with nationally known company. You are your own boss! Make up to 40% on products- plus money bonuses, new car, trips, «tc. Call for appt 861-2338. 3/29 -3 wki.

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HARBOR FABRIC SHOPPE )■ Fihrict, Notiont,

STOM MANAGE* IoAm opporcl iKop. Sion* Horfaor. Folly qvollHM to tok* chorg*. 8 month t*o*on SoI*tp*r»on, with •Kp*«l**K* In b^lor oppor*! moy oho apply. Star* OpmMng Moy 1*1. Writ* or coll for Interview. Mr. Ro*», 7 LILLIAN ALBUS SHOPS 139 Kings Highway E., Haddonfield. N.J. 00033 L09-4 29-1875 3/22-3 wki

The Atlantic City Medical Center currently has positions available at both divisions. The Atlantic City Division • Mod./Surg.-all shifts available. Pediatrics - days with rotation, experienced

xperienced d Division:

preferred. Mainland

Medical • 2 full time evenings. Surgicgl - 1 full time evenings. PRIMARY CARE NURSING with a nurse-patient ratio of 1 to 9 on

evenings. ,

For' more information contact: Sue Campbell at 652-1000. Ext. 214 or Janice Howard at 344-4061 Ext. 283. An Equal Opportunity

Employer

Made To Order 346 96th Street Stone Harbor, NJ. 366-2631 OPEN YEAR ROUND TF

HOSTESS: part-time now, steady in few weeks. Excellent restaurant, pay, and working conditions. Call for appointment - 967-7333, Mrs. Keating. N»/Mwk*. BUSPEffSON: Very fine restaurant.. Good lips. Day & night shifts available. Experienced preferred but not necessary. Call for appointment - 967-7333, Mrs. Keating. 4/5-3 wks.’

CASHIER: Willing to learn electronic register. Part-time J now, full time - summer. Good pay & working conditions. Call for appointments - 967-7333, Mrs. Keating. 4/5 - 3 wks.

WAITER/WAITRESS: Rock 'N Chair, Avalon. Must be experienced • luncheon, dinner. Have checkable references. Day . & Night shifts available. Call for appointment • 967-7333, Mrs. Keating. 4/53 wks PRESS PERSON for 15 and 17 off set press. Start at $4.00 per hour. Apply Leader Printers, 5914 New Jersey Ave., Wildwood Crest, N.J. 08260. 4/5 - 3 wks. COCKTAIL waitress for weekend now, start full time later. Call 263-3611 4/5 - 3 wks

MONTGOMERY WARD Catalogue Store, Marlyn Manor Shopping Center, Rio Grande next to Post Office, 886-2044. Locally owned and operated. Fastest Catalogue service in area. Orders placed Mom & Tues. irrlve Thurs; Wed., arrive Friday. Thurs., Frl., Sat., Irrlve Tues. ^ t/n

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YARD SALE

YARD SALE SPRING INTO Brlc-a-brac Of 405 E. Morning Glory Rd. Wildwood Crest 25TH OF MARCH (Sunday) « AM TIL* 7 3/22 1 ~k

N*w 1779

catalog FREE

RT. 47 * 9 ft Marlyn Manor Shopping Canter " RIO GRANDE OPEN Ida•FRI TILS ESCT

f Inflation Investing 1 | ^ McKi — h ‘"- - 1

BoaoucA or avaion CAPS MAY COUNTY NEW JERKY NOTICE TO ALL RESIDENTS VOTER REGISTRATION Purmont to Tltl# 1M3-7.S vO*mr rflitrotton clot** tor tha Municipal F he Hon APRIL f 1979. in occonJanca with lha provltlon* of tow* of 1974. Chapter -90. {action A. N.J.S.A. 19:3! 5. a raalilrant (hall b* antltlad to wota at any election to t>* h*4d»ub»»ipj«nt *> tuch r*gl«trotk»n H ha or •ha 1* a r**1dant of lh* Slot* and County for at hott 30 doy* ot tha lima of lha holding of tuch election. In oddIHon to lha regular butin*tt hour*, lha ioraugh Clark-* Offka In Borough Hod. Avofon. will b* open lha following *»*nlng hour* for regiitration of voters: 6 00P.M. to9:00P.M. .AprllJnd April 3rd April 4th , April Sth Friday AprilMh 4:00 P.M. to 9:00 P.M. Monday April 9lh Dated: March 33.1979 VIRGINIA OLE*. (II. 3/» 16.19) Borough CMk

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EDITOR'S NOTE: j Investing in an ’ economy troubled with varying rates of inflation presents many new (and old) problems to the individual investor. So many, in fact, we thought the subject deserved attention on a rontinuing basis. Therefore, this newspaper will publish in the weeks ahead a regnlar-column keying not only on inflation's problem but also dealing with other common investment subjects as well. An aging neon $ign in front of ah old x "filling" station in a small midwesterp town of our memory used to flicker the greeting, "If you can’t stop, smile as you go by!" The little toyrn where this once prosperous service station is located has long since been "bypassed by a modem multi-lane interstate highway, so its fortunes have been considerably diminished. But the gas station survives, we’re pleased to report and the sign .still blinks its neighborly message to all who pass. There is a species of investment that has experienced a comparable reduction in its fortunes, because the main highway has shifted away from time to time. But it too survives and beckons one abd all to sample its rewards-tand risks). Closed-end investment companies are subjects rarely discussed these days. In fact, there are probably a great many private investors who have never even heard of them, let alone been able to discuss their pros and cons. But in the inflation investing business, which all of us are in whether we .like it or not, it’s important not. to overlook any investment avenue no matter how little used. When least suspected that neglected thoroughfare just might turn out to have the sharpest inflation cuttin^.edgeo{all. Closed-end investment companies come in several different stripes, and they’ve been around “forever." They are very similar to “open end" investment companies, otherwise known as mutual funds. But the differences may be more important than the similarities. Like the mutual funds, closedend investment companies are made up of different securities. Sometimes they’re diversified in different stocks. Sometimes they’re specialized in a narrow group of issues. And sometimes they key on fixed income purely, with portfolios comprised exclusively of bonds, both straight debt and convertible. Also like mutual funds, the closed-end. companies are professionally and continuously managed (for a modest fee, of eburse). Most of them also offer a full range of services such as automatic re-investment of dividends and the usual periodic investment plaps. But it's here the similarities end and the differences begin. One of the biggest differences between the two basic categories of funds is how they’re bought (or sold, if you prefer). Mutual funds are priced at net asset value

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(value of all securities held in the fund's portfolio divided by shares outstanding) and sold at this level, plus the r"Load,’’ or commission. Most funds carry loads of from four to eight per- • cent of the amount of money invested. Occasionally, it's a tad higher, sometimes a little lower. The commissions are paid, of course, to the sales organizations that sell them and it helps to create a continuous flow of new money into the funds. When investors buy mutual funds they arehuying "new" shares directly from the mutual fund management companies. When investors sell mutual funds they sell them back to the company at asset value (usually at no ex* petifee). Closed-end companies, on the other hand, have a fixed number of shares outstanding that were issued when the company sold it$ shares to the public in one fell swoop. Therefore, (he investors who seek to buy shares of these companies must buy (hem in the open market where the shares of i more traditional corporations are traded. The price they pay' then is determined by the two-way auction process of buyer versus seller. They pay a commission to> buy AND a commission tO'Tcell. but the rate is^iyhe one to two percent ballpark. The factors that influence the prices of the closed-end company shares are primarily two: dividends and net asset value. As dividend payouts and assets increase, the shares tend to increase in value. The opposite occurs when dividends and assets decrease — which has been known to happen from time to time. Investors who follow the fortunes of the closed-end companies know that they have one virtue that stands out above all others: they are often available at "discounts’’ from net asset value. Fans of such investment companies believe, therefore, they are buying "bargains.’’ Of course, if they turn around and

-sell them again, they win probably have to part with them at the same discounts, but this may be a moot point. Buyers of such shares are more often than not long-term investors. Once acquired the shares are never sold. To the bargain-hunting investor the discounts can be significant. As of this writing shares of the diversified common stock closed-end companies are selling at discounts ranging from .13 to 34 percent. Not bad! The specialized equity and convertible bond investment funds boast big discounts, too. They range from seven to 36 percent. The closed-end bond funds have smaller discounts because their assets are exclusively fixed income investments. But even here the selling price may be more than 15 percent below the value of the underlying assets. The yields obviously vary ifcjdely but most of the bond funds are chalking up rates of return in the nine to 10 percent vjcinity. The equity closed-end companies are almost as high. Some even higher. A§ veteran observers of and frequent participants in closedend investment vehicles we'd have tq advance the argument that these companies are worthy of careful evaluation by all investors. Even without the "discount" advantage, they perform a ' valuable function for investors who want diversification and professional management in every investment choice they make. The closed-end companies deliver four-square on this count. Add in the discount feature and you just might gain a mile or two, on our fast-speeding friend, Mr. Inflation., «- But even if cTofced-end companies are not your cup of tea and are sold at "staions” you’re not planning on visiting, it won’t hurt you to smile as you go by. After all, it’s a neighborly thing to do, and you might pass this way again sometime.

Lenten Music by Chorus

The Victorian Village Chorus of Cape May, will combine wit^i the choir of the First United Methodist Church of Cape May ifi the presentation of Maunder’s Cantata "Penitence. Pardon and Peace", to be sung at the Church on Washington Street, Cape May, Victorian Plaza, at 4:30 P.M. on Sunday, April 1. The featured soloists will be Martha Cohen, soprano. Mark Weber, baritone: and Pastor Willard Sirman, baritone. Mayola Mallon will he on violin and Dorothy Burkhart at the Muddler-Hunter organ. The presentation is under the direction of Andreas K. Kelly,Ministerof Music. Donation proceeds to the

building fund of Lyle Hall in the

church building.

Childbirth Classes The Childbirth and Parent Education Association (CAPE.) is sponsoring preparation for childbirth clashes for couples in their sixth m8nth of pregnancy. The classes begin April 4th, at Burdette Tomlin Hospital, £.00-9:30 p.m. The. classes will be one night a week for eight weeks. Sopie topics.to be covered will include — factual knowledge of pregnancy, childbirth, breast and bottle feeding, relaxation and breathing techniques for childbirth. For more information and

class registration call 729-3378.

BUYERS AND SELLERS talk over price* at the recent Middle Twp High School’s annual antique show and flea market. -Pfcola by TIm AMtrachl