Enjoy safety, income, growth

The Ticker

August 13, 1999|By Julius Westheimer

IN THIS high and volatile stock market, do you seek safety and reasonable income?

"Investors have plenty to worry about," says Income Digest, "but the highest quality energy, communications and water utilities should preserve and grow your principal, while paying solid yields.

"Here are the `safest' stocks, with current yield percentages in parentheses: American Water Works Inc. (2.9 percent), Duke Energy Corp. (4.0), GTE Corp. (2.5), Keyspan Energy Corp. (6.6), Northern States Power Co. (6.4), Southern Company (4.9), TECO Energy Inc. (6.5) and UtiliCorp. United (5.0)."

IT'S MUTUAL: "Investing is not for the squeamish," says Working Woman, "but you can make it less hair-raising. The easiest solution: pick mutual funds that give growth and stability. Balanced funds, with stocks and bonds, smooth out market volatility. Two other favorable fund types are index funds, which mirror an index like the S&P 500, and utility funds."

SAFETY FIRST: "A year from now, the long Treasury yield will be below 5 percent, on its way to 4 percent." (Dick Davis Digest)

"The wisest places for safety and liquidity are in money market funds. In periods of rapidly rising interest rates -- such as now -- cash is king." (Personal Finance)

NOTES & QUOTES: "Expect a rush of corporate mergers to beat new accounting rules. Urge to merge will jack up stock prices." (Kiplinger Washington Letter)

"Travel Tip: Even when you have a confirmed booking, it's possible for an electronic ticket to get knocked out of an airline's computer system." (CNBC-TV)

Pub Date: 8/13/99

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