University Daily Kansan
Thursday, June 13, 1974
5
Broker Explains Student Investing
Bv PAT NANCE
Kansan Staff Reporter
Investing in the stock market can be very simple for a student, according to J. D. Underwood, resident manager of H. O. Peet & Co., a local brokerage firm.
If a student wants to invest in the stock market, the first step is to personally visit a stock broker, Underwood said Tuesday. The broker examines the student's financial references and arranges for him to open an account that helps the student choose the investments to make.
Retired people and housewives are the largest segment of investors, according to a report by the Investment Council.
He said clients should be able to afford some fluctuation in their capital before investing. To make a profit, he recommended, a client should invest at least $500 initially. This proves to be a limiting factor in the number of student clients, he said.
change Underwood estimates that fewer than five per cent of his clients were
It is possible, however, to invest as little as $50 since there is no minimum he said.
A new director for the Neighborhood Development Program for Lawrence (NDPL), will be named within two weeks, Watson, city manager, said Tuesday.
New Director to Be Named For Development Project
Applications for the position closed
tuesday. The new director will replace Don
Lee.
makes, the greater the amount of earnings and the smaller the percentage charged by the broker. He said that for an investment of would be charged an 18% commission.
The director's job is to administrate and implement a federally funded urban renewal and housing rehabilitation program. Funds for the NDPL are allocated
The first thing for a student to consider before attempting to invest. Underwood and Parks have stated that, like any Kansas residents must be 18 or older to be eligible to purchase stocks and bonds. If a student is under 18, he can own securities only through a custodian, such as his father.
The present NDPL ends in December of 1974 and is expected to be extended another year.
by the Department of Housing and Urban Development.
The NDPL is responsible for the downtown Lawrence renewal project and housing rehabilitation in east Lawrence. It is also working on plans for a street, the Loop," which is intended to relieve heavy traffic in the Haskell residential area.
THE UNIVERSITY DAILY KANSAN Nixon...
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Kansan Telephone Numbers
Newsroom—UN 4-4810
Business Office—UN 4-4258
From Page One
BUSINESS STAFF
NEW SUNDAY
News Advisor • Del Brinkman
Editor
Michael Blake
Business Adviser ... Mel Adams
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Underwood said he recommended investing at this time because he believed that the firm had been doing well.
the U.S.-Egyptian Collaboration Commission set up when Secretary of State Henry A. Kissinger was here for his Middle East cease-fire negotiations.
Nixon will leave to go to Saudi Arabia on Friday and will visit Syria, Israel and Jordan before returning to the United States.
Nixon, the first American president ever to undertake an extensive Middle East tour, began three days of talks with Sadat by telephone and discussed the prospect of economic cooperation.
Sadah held the President as a statesman and said his visit was a milestone in a new
Announcing the formation of
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"We believe that the market is nearing an important low," he said. "It's constantly in demand."
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12 inch... 2.15
16 inch... 3.25
He said the market had been low because of the current political situation and economic downturn.
Canadian Bacon & Mushrooms reg. NOW
12" 2.75 2.50
16" 4.25 3.90
SUPER DOUBLE CHEESE PIZZA
I 12 INCH... 250
"Actually the stock market started deteriorating about 1966," Underwood said. "There are a number of reasons. It's hard to point out."
He said that in recent months the primary cause of the fall in the market was competition with rising interest rates. In 1973 there was a decline of almost two million shareowners from the record $23.5 million in 1970 to the Stock Exchange at the beginning of 1972.
Pizza Lovers Passion
any five toppings
12 inch...3.35
18 inch...5.95
vegetarian special
12 INCH...3.05
16 INCH...4.50
H. O. Peet & Co., the only brokerage firm in Lawrence, has six resident brokers, all of whom are in business for themselves. There are no paid salaries. Each broker determines his own income according to the volume of his business.
FRESH TOPPINGS
Becoming a successful stock broker, Underwood said, requires being an aggressive person who is fairly intelligent and likes to deal with people.
GREEN PEPPER
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12 inch...30 each
12 inch...50 each
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"It is a difficult business to get into," he
said, "You can cut your own mite on it, but it takes a high degree of confidence."
1420 CRESENT RD.
(AT THE WEST END OF CAMPUS)
Underwood said the brokerage business in lawrence was about average when compared to that of other cities, he said this week. "The percentage of Lawrence could be rated fair to good."
FTD MiniGarden Terrarium
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9th & Indian
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Send him the
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Need a "Tall Cool One?"
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95° Pitchers
2-5:30 p.m.
thru Saturday
PLAY BALL PARK BASEBALL
Ball Park Baseball $ _{1/2} $ Price
for one game with this coupon
HILLCREST SHOPPING CENTER
SUNDAY ONLY
July 15-16 only all day
20% Off All Sandwiches
HILLCREST SHOPPING CENTER
Open 11 a.m. - Midnight - Sunday 2-10 p.m.
FREE FRENCH FRIES
With the Purchase of a Deluxe Sandee and a Soft Drink
Thursday Friday and Saturday only
Sandy's
KANSAN WANT ADS
2120 W. 9th Across from Hillcrest
each additional word : 1.00
Deadline: m, p, m, 3 days before publication
KANSAN CLASSIFIED RATES
One Day
Accommodations, goods, services and employment advertised in the University Daily Kannan are offered to all students without regard to their enrollment status. ALL CLASSIFIED TO 111 FLANT HALL
One Day
15 words or fewer : $1.50
each additional word . $0.1
FOR SALE
Ray Ackey, 12 K. 5th, Ph. 82-309-3740 royster.ac.uk
Available for any stable problem. Cost = 10.00
available for any stable problem. Cost = 10.00
FOR SALE. Fresh fruits and vegetables at re-
sale prices. All are under $20. No delivery.
Abs. animals used for furniture and gar-
dens. Country SHOP 927 N. South 4 North SIDE
COUNTRY SHOP 927 N. South 4 North SIDE
waxes 925-8128. Birth Announcement. 2 deci-
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BLOODHOUNDS ACR Registered Bio. $225
BLOODHOUNDS ACR Registered Bio. $225
Bloodhoused bloody.
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FOR SALE, DOKOHERD $60 REAL TO REAL,
PRICHEL: 60 $128-150
PRICHEL: 90 $198-249
For Sale, Mobile House 1987 Hillcrest IX360 2
For Sale, Mobile House 1987 Hillcrest IX360 2
For Sale, Mobile House 1987 Hillcrest IX360 2
For Sale, Mobile House 1987 Hillcrest IX360 2
FOR SALE $60 Opel Kadett Rallye Best offer
for 725 € for call, contact: 841-327-6-17
- 6-17
15 SPEED HIKE, CAMPAINA, SPORT WITH SUN-TOUR DRESS, GREAT CONDITION, INCLUDES PUMP, TOTAL BAG, HOME LOAD, $80 CASH, EVIDENCES 1427-617-1078
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1974 Vanguard 500ce, Perfect Condition. Only 1,000
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- 6:24
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Good. $10, 625. Vehicle. 843-819-1000. 6-20
MUST SELL 1.627-2 BR MOBILE HOME CAR-
PORATION FOR GIRL THAT WILL BE GREAT FOR MARRIED STUDENTS. MAKE A DOWN PAYMENT OF $413.45. ALSO REQUIRES $250 BOMBAY PAYMENTS OF GOOD SET OF CLUB GOLF CLUBS. MK-3259 6-20
For Indoor—Royal Electric Tweeter, Repeating
60-minute electricity return, excellent condition
6-month warranty.
FOLE, SAINT, ARMY ASSYLVIAN BAG AND OWER
CASE NAME: BAG 3255/8255 AFTER
CALL NUMBER: 422-5555 OR 422-5556
New shipment of British Ingalls now at Ray's
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NOTICE
LAWRENCE GAY LIBERATION INC. weekly meetings 7:30 p.m. Monday; Unionics 112B HR, P.O. Box 242, Lawrence RAP: Counseling & Wellness SOCIALIZATION 8:25-9:25 mornings and evenings.
For new information, please call the telephone number 212-764-9000 or ANNING O'BRIEN at WORK SHOP with office offer details and contact information. At WORK SHOP, visit P.M. to 8 AM or sunrise until the elapsed time for registration and registration call 843-853-0822 or 843-853-0824.
842-2500
FREE RENTAL SERVICE
Up-to-the-minute listing of rental housing available in Lawrence.
LREx
love is ...
... wanting to take care of each other ... in your own home purchased from
RIDGEVIEW MOBILE HOMES
3020 Iowa St.
Lawrence, Kansas
843-8499
Open 7 Days a Week
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15 words or fewer: $3.50
each additional word: $5.83
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135 Michigan St. Bar-B-Q. We have open企
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round table, brick platter, bridal set,
or bride by the pound. Half-bride by the
9:28 m. 2:30 c. Sunday and Tuesday. 842-825-110
Garage Sale - Sat June 19, 10:35, plastic kitchen
furniture, car seats, rattle toys, more
been sold to 725, 1023, 1238
HAVE YOU BEEN GIVEN A RUM STEER? Call
888-256-3000 for information. 888-256-3000
FOR RENT
DAIRHOUSE APARTMENTS. KDU service area.
DAIRHOUSE 1209 - 8th Ave, NW. Open:
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6-13
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SUMMER LIVING Full equipped 2 bedrooms
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SERVICES OFFERED
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Air Conditioned Furniture, Apts. for June & July
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VW Boss owners want to learn how to serve? VW Boss owners want to learn how to serve? VW Boss owners want to learn how to serve! In the process, they teach you to do it in the process.
TYPING
Experienced them typet Close to campus 841- 4909 Mova 6-18
RIDES ___ RIDERS
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From Mission-Priere Village area—5 Days —Tilt
10:30 a.m. to Visual Arts, Art Museum,
Fifth Clement Mildred Crane
Student wife need ride from 2024 & Metcalf to
Lawrence, arrive Lawrence
2024-11-03 14:48:19 - 14:49:59
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YARN-PATTERNS - NEEDLEPOIN
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THE CREWEL
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10 5 Monday, Saturday
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AIMEMENT
•Crescent Heights
•Oaks •Acorn
•Gaslight
•Rental Office
1815 W. 24TH
1 and 2 BEDROOMS
PHONE 843-1211
KU Union—The Malls—Hillcrest-900 Mass
KANSAN CLASSIFIEDS WORK FOR
YOU