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•••••APRIL 20, 2022•••••
Turkeys Can Be Stupid When a person in sitting in the woods in the wee hours of the morning, waiting for the sun to rise, the turkeys gobbling from nearby trees seem very intelligent. They have extremely keen eyesight and can hear a twig snap from a couple hundred yards away. They are cautious and acutely aware of their surroundings. Too much calling can spook them. Too little calling can cause them to lose interest. Some days I feel hunting the wary old gobblers is more luck than skill. Other times, turkeys can appear to be so dumb, it makes a person wonder why they have not died from stupidity. When my wife and I go to town, we usually take Billie, the poodle along for the ride. He enjoys hunting from the back seat. We have been known to drive the back streets of the city, looking for squirrels. He is very proud of himself when he causes a squirrel to scamper up a nearby tree by barking out of the window. When we arrive home, we stop at the end of the driveway and let him run and hunt his way to the house. One day last week, as we pulled into the driveway, we stopped and let Billie out as usual. Having had a successful trip of barking at squirrels in town, he was in full hunting mode. He ran a few feet and went on point toward the corral. We looked where he was pointing and (Outdoors cont’d on pg 6)
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to how this is impacting short-term purchases like food and clothing, it’s also important to consider the toll it could take on your investments. Consider that over the ten-year period ending in 2020, the median annual inflation rate was 1.7 percent. At that level, it would take more than 40 years for living costs to double. If, as was the case in 2021, the annual inflation rate averaged 7 percent per year, the cost-of-living would High Inflation is double in just over ten Here. Should You years. If you’re wonAlter Your Investment dering if your portfolio is built to withstand Approach? these challenges, here If you drive a car, is some information to chances are you’re help you decide: feeling the “pain at the pump” caused by infla- Investment considertionary pressures and ations in inflationary global supply chain dis- times ruptions from Russia’s First, remember that the invasion on Ukraine that change in the inflationhave caused the price ary environment does of gasoline to surge not necessarily mean in recent months. But it’s prudent to dramatithe sticker shock goes cally alter your investbeyond gas stations. In ments. If your portfolio 2021, the inflation rate, is appropriately balas measured by the anced with your risk tolConsumer Price Index, erance and time horizon rose by 7.0 percent, the in mind, fine tuning your largest annual change investments may be a in living costs since the more appropriate stratearly 1980s. egy. What does this mean for consumers? In basic terms, the cost of an average basket of goods rose seven percent in just one year – and it remains to be seen how long it will take for inflation to cool down. While much attention is paid
cally generate superior returns over the long term and should be positioned to do so in your portfolio, particularly if you have a long time horizon. Making regular investments in equities through retirement plan contributions can be an effective way to build your equity holdings in a volatile market environment. Systematic investing can enable you to buy more shares of an investment at a lower expense when markets are down and pay for fewer shares when prices are up.
APRIL 20, 2022
are not completely liquid, so your money needs to be committed for at least a year, with full liquidity reached in five years.
Other investment options There are other investments that offer diverFixed income investsification potential in ments a high inflation period. Bond yields don’t alThis includes real esways keep pace with tate, which may see inflation, particularly rising values and higher with living costs as high income streams that as they are today. If often tend to reflect you’re concerned about changes in the costthis, investing in Treaof-living. Real Estate sury Inflation Protected Investment Trusts are Securities (TIPS) is marketable securities one option to consider. that offer ready access These are marketable to the real estate marsecurities that pay a set ket. Precious metals rate of interest, but the such as gold can play a underlying value of the role as a hedge against bond is adjusted based inflation. However, gold on the inflation rate. is a highly volatile asset class and shouldn’t Also worth considerrepresent more than ing as a fixed income a small percentage of investment tied to infla- your portfolio. tion are I-Bonds, a form Equities of U.S. Savings Bonds. A good time to plan In general, equities You can invest up to It can be beneficial to sit (also known as stocks) $10,000 per year in down with your financial play an important role these bonds. The inter- advisor to more carefulin long-term portfolios. est rate paid is adjusted ly assess how your portCompared to other as- every six months based folio and overall finanset classes, stocks may on the inflation rate. In cial plan are situated in experience more volaearly 2022, I-Bonds are today’s economy. Your tility in the short term. paying a yield of 7.12%. advisor can help you However, they historiHowever, these bonds assess how to manage
your current expenses more efficiently while still keeping your most important savings goals on track. Duane J Lusson, CFP, ChFC, CLU, MSFS, is a Private Wealth Advisor with Ameriprise Financial Services, Inc. in Ottumwa, Iowa. He specializes in fee-based financial planning and asset management strategies and has been in practice for 30 years. To contact him, call 641-684-4200 or stop by his office at 527 W. Second in Ottumwa, Iowa. Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser. Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation. Ameriprise Financial Services, LLC. Member FINRA and SIPC. © 2022 Ameriprise Financial, Inc. All rights reserved. File #4476094
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Warrant Wednesday
Wapello County has over 500 active warrants. Warrant Wednesday’s are designed to help law enforcement locate wanted persons, with the public’s help. Do NOT attempt to apprehend these individuals. Instead, call the Ottumwa Police Department at (641) 683-0661 or Wapello County Sheriff ’s Department at (641) 684-4350 if you have any information on their whereabouts. Your tips can be made anonymously.
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Name: Todd Leroy Fulton DOB: 02/23/1967 Warrant Issued: 03/29/2022 Warrant Details: Failure to Appear Original Charges: Burglary 2nd Degree and Violation of Restraining Order
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Name: Daniel Clay Hamilton DOB: 03/05/1979 Warrant Issued: 04/14/2022 Warrant Details: Failure to Appear Original Charges: Possession of a Controlled Substance - Methamphetamine, Marijuana
Name: John Gary Ladehoff DOB: 04/17/1976 Warrant Issued: 03/17/2022 Warrant Details: Failure to Appear Original Charges: Driving While Barred & Possession of a Controlled Substance Methamphetamine, Marijuana
Name: Stephen Lawrence White DOB: 01/19/1960 Warrant Issued: 04/15/2022 Warrant Details: Theft 3rd Degree
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(Outdoors cont’d from pg 1)
fence another twenty or thirty times as he worked finally spotted a turkey. his way up toward the Our stopping or the dog open gate. When he pointing spooked it and finally spotted the openit ran to the other side of ing, he ran through it and the corral, bumping into the fence. The panels that only then flew off. Turkeys may not be as smart as make up the corral have we give them credit, but I openings big enough for the turkey to get his head bet that gobbler learned to stay out of the corral or through but not his body. at least remember how to He backed up and ran get out if he goes in. Perinto it again. Being unhaps we will meet again in successful on this side, the timber on more equal he ran to the other side grounds. and ran into the fence a few more times. We were able to call Billie off point before he decided to go get himself some turkey for lunch. If he had gone in the corral and attacked the turkey, it would most likely not ended well for either of them. On one of the mad dashes across the corral, I was able to determine, the bird was a big gobbler. Old gobblers have long spurs on their legs as well as a sharp beak. They can defend themselves well with these formidable weapons. Though the dog weighs more than twice what the turkey does, I am sure Billie would not return unscathed. We loaded Billie up and took him to the house. The thought did briefly cross my mind that since it is turkey season, I could legally tag the bird and put him in the freezer. There is legal and there is right. It may be legal, but I would not feel right taking a turkey that was too stupid to figure out how to get out of the corral. After leaving the dog at the house, I drove back up to make sure the old gobbler got out of his predicament. He was still there, poking his head through where his body would not fit. He bumped into the
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