THE MERCER COUNTY CHRONICLE
May 17, 2012 • Page 3
A Look Back
MERCER COUNTY CHRONICLE
Vol. 115 No. 20USPS 339-15560
The Mercer County Chronicle is published Thursdays at 124 W.Main St., Coldwater, Ohio by Mercer County Publications, Inc.Entered in the post office in Coldwater, Ohio 45828 as Periodicals,postage paid at Coldwater, Ohio.Available by mail in Mercer, Auglaize, Darke, Jay or Van WertCounty, $36 per year. Outside these counties, $45 per year.
Kami Phlipot, General Manager •
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Can You Turn “Be a Millionaire Day” into Reality?
MAKING SENSE OF INVESTING
106 S. Second St., Coldwater, OH Bus. 419-678-3252 TF. 866-678-3252 John.firstname.lastname@example.org
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.Edward Jones, its employees and financial advisors are not estate planners and cannot provide tax or legal advice. Consult a qualified tax specialist or attorney for professional advice about your situation.Financial Focus is a weekly column courtesy of...
John M. Yoder, Financial Advisor
If you look hard enough, you can find many obscure holidays, but few of them can instantly capture people’sinterest as much as Be a Millionaire Day, which is “celebrated” on May 20. While amassing a million dollars maynot be as significant a milestone as it used to be, most of us would still feel pleased if we could someday attain“millionaire” status. While there are no perfect formulas or guarantees, here are some steps to consider whenworking toward any investment goal:Put time on your side. The earlier you begin saving and investing, the better your chances of reaching your financial goal. You can’t expect to “strike it rich” immediately with any single investment, but by investing year in andyear out, and by choosing quality investment vehicles, you have the opportunity to achieve growth over time.* Pay yourself first. If you wait until you “have a little extra money lying around” before you invest, you may wellnever invest. Instead, try to “pay yourself first.” Each month, move some money automatically from a checking or savings account into an investment. When you’re first starting out in the working world, you might not be able toafford much, but as you advance in your career, you can increase your contributions.* Control your debts. It’s easier said than done, but if you can keep a lid on your debt payments, you’ll havemore money with which to invest.* Take advantage of tax deferral. When you invest in tax-deferred vehicles, such as a traditional IndividualRetirement Account (IRA) and your 401(k) or similar employer-sponsored retirement plan, your money has theopportunity to grow faster than it would if placed in an investment on which you paid taxes each year. Of course,when you start taking withdrawals, presumably at retirement, you’ll have to pay taxes, but by then, you may be in alower tax bracket. And since you’ll have some control over your withdrawals, you can help control taxes, too.* Build share ownership. As an investor, one of the best things you can do to build your wealth is to increasethe number of shares you own in your investments. So, look for buying opportunities, such as when prices are low.Also, consider reinvesting any dividends or distributions you may receive from your investments.* Don’t be overly cautious. For your money to grow, you need to put a portion of your investment dollars ingrowth-oriented vehicles, such as stocks. It is certainly true that stock prices will always fluctuate, sometimes quitesharply, and you may receive more or less than your original investment when sold. But if you avoid stocks entirelyin favor of more stable vehicles, you run the risk of earning returns that may not keep you ahead of inflation. As youapproach retirement, and even during retirement, your portfolio will probably still need some growth potential. Workwith your financial advisor to determine the appropriate approach for you.* Think long term. By creating a long-term investment strategy and sticking to it, you’ll be less likely to take a“timeout” from investing in response to perceived negative news, such as market downturns and political crises.Following these suggestions may someday allow you to reach the point when your financial goals becomea reality for you.
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I made a cell phone call just the other day to a goodfriend not thinking that he andhis wife were going to take acruise and I had forgotten thedate of their trip. As it turnedout they had just left BarcelonaSpain and were on the oceantrip. You cannot imagine justhow surprised I was that I wasconnected to a cell phone overall that distance. And it was asif he were right in the room withme. I still think just how far wehave come with the technologyis unbelievable. I think backto the old party lines we usedto talk on and realize just howfunny they were. I’ll bet thereare lots of you out there thatremember those days also. Itmakes one wonder just how farthis technology stuff will go. Iam sure it will surprise all of us.Well the rains have comeand the fields of corn lookvery good. Lets just hope theweather continues to cooperateand this will be good year forthe corn and beans. And all usnon-farmers can have all thegood food we want and need.I don’t think many of us, meincluded, realize just how badwe need the farmers and alltheir hard work. One of thesedays I am going to do someresearch and see just how we doget all the food we put on ourtable. That should be a worthwhile project.Until next week if youhappen to meet a service manor women be sure and stop andthank them for all they do. Wewouldn’t have all that we havetoday were it not for all theservice men and women whoserve their country and defendour freedoms.That’s My Opinion.............What’s Yours??From the Archives of The MercerCounty Chronicle
10 YEARS AGO (2002)
R C S Construction has announcedthat it has purchased the Mersmanbuilding on West Wayne Street inCelina. Randy Bruns, President hopesto be able to use most of the buildings600,000 square feet of space.Mercer County Sheriff Jeff Greystated that his office is receiving manycalls about traffic jams along Route127 near Johnston Road where manyspectators are stopping to watch thenearby Eagle’s nest.The Coldwater Park Boardapproved Wayne Miller’s requestfor a Grand Lake Mariners’ Campin Coldwater Park for students ages7-16 in July.
25 YEARS AGO (1987)
Randy Kremer, a senior atColdwater High School and sonof Roger and Barbara Kremer, has joined elite company by being nameda 1987 National Merit Scholar, one of 168 students from Ohio.Father Glen Perin, a fixture at HolyTrinity Catholic Church for the past11 years, will be assigned to anotherparish in the Cincinnati Archdioceseafter a trip to Brazil, where he servedfrom 1968 to 1976.The Coldwater Cavaliers cappedan undefeated MAC baseball seasonlast Tuesday evening as Scott Eyinkfired a no-hitter to defeat NewKnxville 16-0.
50 YEARS AGO (1962)
On May 22, Marion High Schoolwill graduate 37 seniors. Valedictorianof the class is Marvin Schulte, son of Mr. and Mrs. Clem Schulte, and theSalutatorian is Sarah Gagel, daughterof Mr. and Mrs. Vincent Gagel.The Frigidare division of GeneralMotors has produced its 40 millionthproduct, a 13-cubic-foot Frost-Proof refrigerator-freezer, according to TomBuschar, Coldwater Frigidare dealer.A fire, believed caused by sparksfrom a running tractor, destroyedthe barn on the Leo Fella farm, onBurrville Road on Wednesday. Atractor, corn planter, grain drill and200 bales of hay and straw weredestroyed.