Word: stockly
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Dates: during 1950-1959
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...Kansas after graduating from Boston's Northeastern University. He became news editor of the Wichita Eagle, was a stringer cor respondent for TIME before going to full time in 1955 as Toronto bureau chief. In Toronto Gart got his intro duction to finance by covering the frenzied Toronto Stock Exchange and its volatile penny stocks. He also got his first market blooding (he lost $4.98). Back in his native Boston, Gart got a different view of finance in the tradition-laden world of M.I.T. He learned a lot about mutual funds, but little about the bonus : some hot tips...
Defense Secretary McElroy, 54, who has long yearned to float back to Procter & Gamble (his last salary there: $285,000) to pick up the Cheerful chairmanship and rescue his bobbing stock options, re-evaluated his stand in the light of Quarles's death, said: "I will certainly be here in December." In fact, he will probably stay on the job until around February 1960, help present the defense budget to Congress...
...Ahead lay still more prickly years, not mentioned in Early Havoc, when June bounced from other marathons to modeling, from soap operas to summer stock, before she broke into lights. June's final judgment of her Early Havoc: "I had learned a lot. I would be careful of everybody and everything . . . You can take the girl out of vaudeville, but you can't take the vaudeville out of the girl...
...with the help of his thrifty wife. One day in 1950 Benny Hall grew restless, excited, preoccupied. For a week or so afterward, at breakfast he riffled distractedly through the back pages of his morning newspaper. Finally he confessed to his wife:"I'm interested in the stock market...
Benny sought out a broker, told him of his yen to invest-though he hardly knew a stock from a bond. Having met hundreds of Bennys, the broker knew just what to do. Benny, he said, should invest in shares of a mutual fund. By last week Benny Hall's investment of $5,000 had grown to $20,000 without his putting in another penny. With his nest egg bigger than he had ever hoped, Benny has used his salary and the returns from the sale of his house to buy a $30,000 home, plans to take...