Evening star., 1953-11-17
So YOU'D Like TO Retire
in about Is Years

That's Gne we don't blame you. The only problem for
people is-w they be able to? Will they have
enough income to enjoy the rest that they've earned!
We can't answer that question for you, of course.
But do think that modest investment pro.
gram-the regular purchase of sound common stocks
period of years-can be big part of that
Why?
Because that's what the record shows Suppose, for
instance that it was the year lo29-about bad time
you could pick-when you decided investing
toward your retirement You had enough insurance for
protection enough savings for emergencies you be.
gan to put 81 1000 year into common stocks
Now we're which stocks would have sug.
gested then, and don't to be accused of picking
and choosing by hndsight. either.
So let's say, you bought ST 900 worth of typical stock
"a composite of so industrial stocks-the used to
make up the well-known Standard Poors Index Of
daily stock prices
Suppose that you had followed your program faithfully
and had bought 900 worth of that typical stock every
year July l, starting in 1929 Now you wanted to retire.
Just where would you stand?
Well, let's look.
In the "a years through June 3Oth of this year, you
would have invested $4,000 all told and you would have
bought 934 shares of that typical stock.
At mid.year 1885, those 934 shares alone
would have been worth $47,969...
But you would have received another
$24,l92 in dividends the years..
And YOU could have used those divi.
dends to buy another 81 shares of your
typical stock worth $4l.05o
In other words, you could have retired June 3Oth
of this with grand total of LAS shares OF typical
stock with market value of $89625.
And if you continued receive just $50 in
divdends-the average for out of 10 stocks
the New York Stock Exchange is 64foyou could count
annual income of just about S4,oOO-whout ever
touching your principal at all!
But what if you had had to sell out somewhere along
the line because you suddenly needed the cash? The
is that counting dividends, you could have sold
and shown profit in any year after the first four
OF course this the story Of what has happened since
1929.
We can't promise that you'd benefit from the
kind of market the next 20 Is
1t might be either less advantageous. Similarly
can't promise the same dividends, either.
But do think the basis of the record-a record
established through good times and bad through
and peace-tha people should consider what
stocks contribute to their retirement
If you'd like help in setting up retirement pro.
gram of your own, just ask.
Well do all to help you select the best stocks
currently available and suggest any subsutions that
seem in order time goes by and security values change
There's charge for this service, obligation.
Just come in and consult with the manager in any of
oices-or address confidential letter to
Department BB.ss
MERRILL LYNCH, PIERCE, FENNER & BEANE
F. c. Hunter Potnsr A. G. werf.Id. Menos.r
BIS Fifteenth s.. NV. EqutebIe BuiIdins
WASHINGTON BALTIMORE z
TEL: Executive 3-zl2l Tel: Mulberry $500
Al figure. computed By Standard Poor'' Corporation.
Full qIor0nce made for all brokerage fee. and FED
erdE Income Taxes for a married ma" "Hh chlL
dren, and N salary the years OF $4,000