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March 20, 2013     Sentinel Tribune
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March 20, 2013

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SENTINEL TRIBUNE Wednesdayl March 20, 2013 Page 2 I From the Office of Attorney General Lori Swanson Financial regulators throughout the United States report an uptick in investment fraud against middle-income Americans who are looking for creative ways to earn interest on their money. An elderly woman with- drew money from her bank account and invested it in a movie production studio. A farm couple gave a chunk of their retirement savings to an investor who promised to pool their money with other peoples' to invest in an out- of-state energy project. A retiree loaned money to an acquaintance, who was sup- posed to use it to start a new business and pay him back interest at 8.5 percent. All of these investments flopped, and the customers lost a significant portion of their retirement savings. About 10,000 Baby Boomers reach retirement age each day in the U.S. Experts report that some of them have turned to com- plex alternative invest- ments, in part due to low interest rates on bank accounts and government bonds and uncertainty about the stock market. These alternative investments are unproven and risky, and some people have had their savings wiped out by them. What is an alternative investment? Alternative investments may involve anything from high-risk investments in startup companies to loans to acquaintances. In almost all cases, the sales person markets the alternative investment as a way for you to make more than you would with a mainstream investment, like a certificate of deposit, a Treasury bond, or a mutual fund. Examples of alternative investments include: Startup companies. Some promoters encourage peo- ple to invest tens of thou- sands of dollars in new, startup companies with no Thu 3/21 29118 33/26 Partly Mostly cloudy. Cloudy. Highs in the Highs in the upper 20s low 30s and and lows in lows in the the upper mid 20s. teens. track record. The customer is told that buying in early will enhance their rate of return on their investment. Many of these new compa- nies are duds that soon fail. When they flop, the inves- tors usually lose all their money. Pooled investments. Other promoters encourage people to put their money into an "investment pool," which will then collectively invest a group of people's "pooled" money in a par- ticular venture, such as a real estate project, an ener- gy project, a mine, a movie production, or a gold coin enterprise. The investments are often sketchy concepts led by people without appropriate experience or credentials. When the proj- ects crash, they often crash big. Promissory notes. A promissory note is an IOU. A person loans money to another person for a set period of time. The person receiving the money prom- ises to pay the investor a specified rate of return. These loans often never get repaid. Promissory notes are risky and unsafe invest- ments for most people. Consider this advice to protect your hard-earned money: There is no easy way to make money. Above-market rates with little or no risk do not exist. Higher returns come with higher risks. This generally means that the more some- body promises to pay you for your investment, the more likely you are to lose a portion of that investment. This age old advice proves true with investments: "if it sounds too good to be true, it probably is." Don't ignore that feeling in the pit of your stomach. When you evaluate whether an investment is a good idea, start by trusting your instincts. Time and time again, victims of finan- cial fraud regret not listen- ing to that gut feeling telling them to run. 3/25 36/28 Cloudy. Highs in the mid 30s and lows in the upper 20.s. H 38/27 Cloudy. Highs in the upper 30s and lows in the upper 20s. i~ ii!!::~!: 37/25 Cloudy. Highsin the upper 30s and lowsin the mid 20s. If you question an offer, take time to talk it over with a trusted family member or other advisor before you let go of your money. Don't be pressured by sales people who push you to sign up on the spot at the risk of losing the "opportunity of a life- time." If an offer is legiti- mate, it'll be there in a week. Don't invest more than you can afford to lose. The billionaire investor Warren Buffett once said about investing money: "Rule No.l : Never lose money. Rule No.2: Never forget rule No. 1." Before you make an investment, ask yourself whether you can afford to lose the money you are investing. You shouldn't turn over more money that you can afford to lose. If you are counting on this money for your retirement, you should only put it in a safe and reliable place. Cheek with outside agen- cies before you invest. Prior to investing, research as much as you can about the person or compa- ny. Check with regulatory agencies, such as the Minnesota Department of Commerce, the Securities Exchange Commission, the Financial Industry Regulatory Authority and the Commodities Futures Trading Commission, to see if the seller is properly licensed. For more information, you may contact the Minnesota Attorney General's Office: Office of Minnesota Attorney General Lori Swanson 1400 Bremer Tower 445 Minnesota Street St. Paul, MN 55101 (651) 296-3353 1-800-657-3787 TTY: (651) 297-7206 TTY: 1-800-366-4812 Bonita Fogel funeral pending Bonita "Bonnie" Fogel age 90 of Westbrook passed away Thursday, March 14, 2013 at the Colonial Manor in Balaton. Funeral services are pending with Stephens Funeral Service- Westbrook Funeral Home. Online con- dolences may be sent at www.stephens funeralser- Delbert Comnick funeral Thursday Delbert LuVerne Comnick, age 84 of the Walnut Grove area passed away Friday, March 15, 2013 at Valley View Manor in Lamberton. Funeral ser- vices will be at 10:30 a.m. Thursday, March 21 at English Lutheran Church in Walnut Grove. Visitation is 5:00-8:00 p.m. Wednesday at the Walnut Grove Funeral Home and will continue one hour prior to services at the church on Thursday. Online condolences may be sent at www.stephensfuneralser- Redwood County Highway Department spring road weight restrictions Spring road restrictions went into effect on all Redwood County roads effective at noon on Tuesday, March 15. Signs were placed desig- nating the applicable axle weight limits on all bitumi- nous roads. All county grav- el and CSAH gravel roads are restricted to 5 ton axle loads unless posted other- wise. Posting maps and perti- nent information are avail- able at the office of the County Engineer, 635 W. seven 1) False 2) True 3) Deep Impact 4) True 5) perihelion & area subscibers & readers AUTOS WANTED A drop box for various news items is located at the... Bridge St., Redwood Falls, Telephone 507-637-4056 or at .redwood. under the Highway Department section. COTTONWOOD COUNTY COURT March 11-14, 2013 Speeding: $120.00 - Karen P. Felt, Rushmore, MN: Brett E. Evers, Fulda, MN; Timothy P. Fox, Ramsey, MN $140.00 Norberto Orea, Windom, MN; Randall L. Henry, Windom, MN $220.00 Andrew T. Rempel, Mt. lake, MN Fail to give notice of transfer/ownership/aban- donment or destruction: $105.00 - Michael D. Jarmer, Westbrook, MN Failure to display snow- mobile reg: $105.00 - Daniel R. Claveau, Westbrook, MN; Jacob B. Miller, Storden, MN Driving without a valid license: $180.00 -Luis A. Fonseca, Mt. Lake, MN Uninsured vehicle: $280.00 - Agustin Andrade- Rivas, Sioux Falls, SD Disorderly conduct: $380.00 Nilaphone Lithyouvong, Mt. Lake, MN Decaying matter: $130.00; Junk accumula- tion: $50.00; Improper stor- age facility: $50.00 - Michael L. Altman, Windom, MN Failure to yield: $130.00 - Todd A. Hauge, Windom, MN Fail to stop for school bus: $300.00; Instruction permit violations: $50.00 - Mark Vue, Walnut Grove, MN Failure to obey traffic control device: $130.00 - Jared C. Gates, Dunnell, MN DNR QUESTIONS OF THE WEEK Q: I've seen a number of cars with loon license plates on them. How pop- ular are the plates and how is the money gener- ated by their sales used? A: The loon plate, since its introduction in 2005, has been the most popular criti- cal habitat plate. Today in Minnesota, there are 107,059 critical habitat license plates on the roads, 30,867 of which are the loon design. The money from the sale of these plates goes to buy and manage land that is important for public use. Sometimes the land is for hunting, hiking, wildlife watching or all of the above. These lands will be pre- served for their unique qualities and for a valuable public purpose. -Lori Naumann, informa- tion officer, DNR Nongame Wildlife program Area news briefs Fulda Free Press - The Fulda School Board received a letter Bubai Food Store 507-859-2160 For your convenience there is a toll-free number at our Westbrook Office Groc : yStore 1-800-410-1859 'harmacy If you have questions or d like to place an ad or order printing please call the above number. from the Round Lake-Brewster Cooperated School Districts requesting an interest in negotiating a Tuition Agreement. They are looking at negotiating multiple agreements with the neighboring school districts. The students, ninth thru twelfth, would go to other districts. K-eighth would remain in their current school facility. Lamberton News - A water main break had to be repaired in the street in front ofBrockway & Brown Veterinary office last I week. Although 6 feet under ground level, the main burst due to cold conditions but was not frozen at this depth. Frost was encountered at 3+ feet below street level. Murray County News - Four state trails that have been con- verted from railroad' lines are featured in the March-April issue of MN Conservation Volunteer magazine. These rails- to-trails bikeways are the Central Lakes, Paul Bunyan, Casey Jones, and Sakatah Singing Hills state trails. Tracy Headlight Herald - One of Tracy's native sons is set to receive the highest honor bestowed upon medical trainers in the National Hockey League. David "Soup" Surprenant will be honored with a Hall of Fame reception and dinner at the Professional Hockey Association trainers society annual meeting in June. In November, he will be recognized for going on the Wall of Honor, which is inside the NHL Hall of Fame. Windom Citizen - The city council recently learned that newly-tightened EPA rules -- known as the National Standards for Hazardous Air Pollutants for Stationary -- will force Windom to have emission control work done on all three diesel generators at the city power house. According to City Administrator Steve Nasby, this emissions project will likely result in new catalytic converters and a total cost of at least $200,000 ' minnesota Classified Aduedising Iletmrk FT/PT OPENING for die-cutting equipment specialist. Responsible for operating and main- raining equipment. Requires strong mechanical aptitude, attention to detail and problem solving skills. Experi- ence on Ktuge die-cutting equipment preferred. Jobs CASE FOR CARS: All cars/trucks wanted. Running or not! Top dollar paid. We come to you! Any make/ model. Call forinstant offer: 8001871-9145 NEED CLASS A CDL TRAINING? Start a career in trucking today! Swift Academies offer PTDI certified courses and offer "Best-In-Class" training. New academy classes weekly. No money down or credit check. Certified mentors ready and available. Paid (while training with mentor). Regional and dedicated oppor- tunities. Great career path. Excellent ben- efits package. Please call: 866/975-8141 OTR HOPPER COMPANY Owner. operators w/own authority to run 42 states and some regional. Home often, good miles/$. F&M Logis- tics, Wesf Fargo, ND: 7011282-0476 WINTER IN ARIZONA FOR $6000 HOPPER COMPANY New pay package! Sign-0n bonus! OTR Drivers: 250,000 miles, 24 years 01d. Good miles, bonuses & benefits. F&M Transport, West Fargo, ND: 7011282-0476 14x52 Mobile home in 55+ Park. Newly painted. Includes double awning with sunscreens, handicap ramp, furniture, and appliances, 5201424-5847 DONATE YOUR CAR Truck or Boat to heritage for the blind. 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