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PAGE 10A
> FORSYTH COUNTY NEWS Sunday, Datumtxr s,im
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Photos/Scott Rogers
Gene and Dianne Hansard pause in their shopping in one of the
new store's well-stocked and wide aisles.
Lowe’s grand
opening draws
a big crowd
By Phillip Hermann
News Editor
Cumming and Forsyth County doesn’t have a regional shopping mall,
yet, but until one comes along the retail complex that has sprung up
near Ga. 400 and Hwy. 20 will do.
Lowe’s Home Improvement Warehouse is celebrating its grand open
ing week to record crowds at a location across the street from The
Home Depot and Wai Mart.
Judging from the number of vehicles parked in the lots of all three
stores during Thursday night's Lowe’s unveiling, the area is a perfect
draw for thousands of shoppers.
Lowe’s manager Alan Harkins says that’s the point.
“Without getting into the competition aspect, although it’s good for
everyone, we just thought this was a great location for a store like
ours," he said Thursday night. “This is an area that’s experiencing
tremendous population growth, brining with it hundreds of builders and
other businesses."
’* During the grand opening, which will continue with special events
throughout this week, Harkins said Lowe’s will award a SI,OOO shop
ping spree, have a host of special “how-to-do" demonstrations and
.plenty of other fun events and surprises.
Other key staffers include co-manager Kevin Campbell and assistant
managers Michah Dennison, Thomas Hyde, Mike Minehart and Jeff
Battig. Harkins noted the store will eventually have up to 190 full- and
part-time employees, making the store one of the area’s largest employ
ers.
Harkins has an extensive retail background, having been with Lowe’s
for little over a year after 13 years experience with KMart. He was
most recently the co-manager of the Lowe’s in Gainesville.
At Thursday's opening, he was visibly proud of the proceedings.
“This has been great - absolutely fantastic,” he commented.
& s
Greg Scott, representing DeVilbliss Air Power Co. and Regent
Lighting, prepares his tool demonstration booth.
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Investors need
income interest
opportunities
By John M. Wssvsr
Edward Jones representative
With a record-setting bull mar
ket, it’s tempting to think that
every investor is looking just for
capital appreciation. But many
people also invest for income.
If you’re one of them you have
more opportunities than ever
before.
When should you invest in
income-producing vehicles?
If you’re in the early or middle
stages of your career, you may or
may not actually need the income,
but you’ll find that income-orient
ed investments can serve to diver
sify a portfolio that would other
wise contain a large percentage of
growth stocks.
As you enter retirement, you
may well need investment income
to supplement your other financial
resources Social Security,
retirement plan distributions, etc.
In other words, you will proba
bly need different amounts of
investment income at different
times of your life. But where,
exactly, should you put your
money?
Consider the following:
• Certificate of Deposit CDs
promise you a fixed rate of return
and guarantee your principal. If
you invest SIO,OOO in a one-year
CD paying 5 percent you will end
up with $10,500 before taxes.
• Corporate, tax-free or govern
ment bonds Bonds also offer a
set interest rate. So, if you put
your SIO,OOO into a 7 percent
bond due in 10 years, you will
earn S7OO a year.
In 10 years, when the bond
matures, you will get your
SIO,OOO back.
If you choose to sell the bond
before the 10 years are up, you
may get more or less than your
U.S. Chamber pans family leave plan
President Clinton’s parental
leave proposal threatens to under
mine insurance for unemployed
workers and breaks a more than
50-year-old agreement between
government and business, the
United States Chamber of
Commerce said recently.
“The Clinton Administration is
willing to jeopardize the financial
integrity of an important program
for laid-off workers just for a feel
good sound bite,” said Randel
Johnson, U.S. Chamber’s vice
president of labor and employee
benefit issues. “This is politics at
its worst, and if the administration
proceeds down this course we will
see them in court.”
Johnson said the Clinton plan
would open the doors for people
who voluntarily leave their jobs to
raid state funds designed to help
those out of work through no fault
" ' ' r "' f
KBSc 3, Stocks of local interest
Stock Last Change
SgBL g«47.12 > *£££ J BellSouth Corp. 46% +%.
■■ W Coca-Cola Company 684. +’/<
McDonalds Corp. 45’4 +"/i»
Southern Company 23% +’/■.
Wal-Mart Stores Inc. 58’4 +l%.
Tyson Foods 17’/i. -’/■♦
SLdSmiWty+Wiwt Home Depot 844 +2 125 4»
Ford Motor Company 52'/i» +l%
4B|i < General Motors 75% +3%
Scientific Atlanta 6114 +3
Bfr-jßir -li AT&T 57 +”/*
Iff intel 78% +IV.
M Microsoft 96'4 -t-l'/i*
■ Regions Bank 27% +%
anrtJMt T? IWKHH* - Atlanta Gas Light 18% +4.
lOWBFn GTE 764. +24.
} Coca-Cola Enterprises 20’/i» +4
x■ S JrgKT' mBE •wl 1 Pepsico 374 +7i.
Georgia Pacific 414 +l4.
. Delta Air Lines 514. +'*%
XfWbM? Firearms CLA 4. +'4j
WffWSe ■ - b
+67.84* GZ ’ i ** WBHL
■ i - INVESTMENTS -j*
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SIO,OOO, depending on current
market interest rates.
While no investment is risk-free,
your principal is generally safe in
good-quality bonds held to matu
rity. However, you still risk losing
purchasing power to inflation.
But some income-producing
investments, such as high-quality
utility stocks and real estate
investment trusts, also offer the
potential for growth, which can
overcome the effects of inflation.
• High-quality utility stocks
Until a few years ago, natural gas
and electric companies paid
investors steady dividends, but
offered less potential for brisk
of their own and looking for new
employment. The result could
mean the loss of tens of billions of
dollars for needy families, he said.
The Chamber official dismissed
Clinton’s statement that states
would participate voluntarily.
“It’s ludicrous to think states
won’t be under enormous pressure
to participate,” he said. “Then,
when the economy takes a down-
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price appreciation.
Now, though, many utility com
panies are investing in non-regu
lated businesses, which can pro
vide utilities with greater profits,
increased earnings and higher
stock prices.
• Real estate investment trusts
REITs own and manage invest
ment property, such as shopping;
centers or apartment complexes.
REITs are bought and sold on the
market, just like stocks.
Apart from choosing different
income-producing investments,
you can also follow different
strategies to maximize your
returns.
turn and it comes time to help
unemployed workers, the money
won’t be there.”
States will then be forced to look
for other funding sources most
likely in the form of increased
taxes on business, Johnson said.
“If this administration wants to
provide paid leave to employees
away from their work, it should
submit its proposal to the
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One such strategy is to create a
“bond ladder.”
This simply means you buy
bonds of varying; maturities
short-term, intermediate and long
term.
When rates rise, you can reinvest
some of your maturing short-term
dollars into higher-rate bonds.
But if rates are falling, you have
given yourself some protection
locking in higher yields typically
offered by longer-term bonds.
By picking the right income-pro
ducing investments, you can go a
long way toward meeting your
financial goals now and in the
future.
Congress and finance it honestly
not through using a fund that
has been paid for by employers
and set aside for unemployed
workers," he said.
The U.S. Chamber of Commerce
is the world's largest business fed
eration, representing more than
three million businesses and orga
nizations of every size, sector and
region.