UNI omon movo from WOO budgets world of otocks and bonds By Ellie Grossman read the newspaper every day NEW YORK -- (NEA) - because "current events are Ni a used to say to women, the most important thing. ynu're not equipped to deal Through that everything else with money. Leave the figures comes. And read the financial to us, dear. newspapers to get a sense of As you must have noticed, the economy and how the that's changing. country is going. When Carter "By 1930, almost half the was elected, he said he wants population of Ainerican to put his area of growth in women will be working," says our natural energy resources, Myrna Liebowitz, "and they so you can glean from that own more than Si per cent of that maybe you should in- the securities. They want to vestigate natural resources." control their money now, and Or, "if you're using a good learn about it. hair preparation or cosmetic Ms. Liebowitz. president of or disinfectant, lock into that the Women's Stockbrokers company. See what the Association, is doing her best growth rate is, if the product to help. has good promotion and dis- A stockbroker for 15 years, play. Check up on the com- member of the firm Herzfeld pany with a copy of the Stan- & Stern, she began giving her dard & Poors sheet which you seminar called 'Everything can get from any brokerage You Always Wanted to Know firm.' About Personal Finances and Okay, you're now ready to Were Afraid to Ask," in May, take a shot - provided you '75, in the New York area, ata acknowledge the risk. cost of approximately $60 for 'There's a risk in three evening sessions. everything," she says, "but if She also addresses women's inflation is six and one-half groups, appears on local per cent and you gel, say five television and says, yes, when and one-fourth per cent divi- corporations ask her to con- dend on a savings account, duct a seminar in banking or you're losing one and one- credit, to "raise the level of Fourth per cent. The whole those women they want to ad- idea is to keep ahead of inila- vance in management." tion so you have more Swell, you say. We should MYRNA LIEBOWITZ: Women need to do some homework purchasing power.' know why it's vital to leave a if they're going to invest in the stock market. Read The time has come to select will (so you, and not the newspapers every day because "current events are the a stockbroker and you do that government, decide where most important thing." first by asking friends for recommendations. 'Then," your assets will go) and whether or not to hire an ac- she says, "you should call a countant to do your taxes Pay for everything else by bringing your lunch to work or few brokers and set up a con- (yes, if you have a lot of check: clothing, food. etc. At by spending less on pantyhose, sultation but always ask if deductions). the end of a month, you' have and on and on. there's a fee involved. Then But stocks and bonds? Sure- facts and figures at your dis- Now that you've found it, decide whether or not you (. ly you jest. Where's the posal and you' know where you'r not ready to invest just want to consult with the money supposed to comefrom your money is going. yet. There are other con- broker who charges one. for that? Then you can do something siderations. You need money "Never choose a broker you Do you know where it's go- about your extravagances. If for emergencies, "a base for don't have a `good rapport with ing now. Ms. Liebowitz will you're a clotheshorse. start savings and life insurance if or who won't give you direct reply? If you're not on a waiting for sales. If you leave you're married. Money youin- answers, i.e., why he thinks budget, chances are you don t. your money in the cash vest must be money you can such and such stock will goup. register at the A&P. "watch afford to lose.' Or one who makes you feel "A woman needs a budget for specials at different super+ And if you really don't know your questions are too so she can control what's com- markets and buy house bracds a stock from a bond, you've trivial. Il's your money, after ing in and going out. First of when possible. Also. shop got to do some homework. all. all, cash dispersements - after you've eaten so you Take an adult education And when you're ail set and what you spend on won't give in to impulse buy- class at 3 local college or one you've started to fill your newspapers. transportation, ing. and always bring a list that a brokerage firm gives. portfolio with natural gas or Junches, etc. -- should com- and stick to it. Then, to decide where and frozen foods, it won't hurt to prise only five or ten per cent. You can "find" money by how you're going, to invest, do one more thing: pray. ,NEWSPAPER ENTERPRINE Mo Source: :https://www.industrydocuments.ucsf.edu/docs/ffbb0044