BYARCHIE RICHARDS Walter wrote, cI have a $30,000 account of stock mutual funds I play with. I 8d like to move the account to another broker. Do I have to sell the mutual funds?
When I sold a fund recently, I had to pay a back-end charge of $150. d You can move your securities to another bro- kerage firm without sell- ing, Walter. Set up the new account, and autho- rize the new firm to obtain the securities from the old. But watch out for that word cplay. d When you play with stocks or mutual funds, you play with fire.
Investment play usually means frequent trading. Get yourself another hobby. Hold your securities for at least a year and generally much longer.
Those who trade fre- quently may be following the lead of traders whose opinions they hear about on television. Many of the so-called ctraders d quoted on TV do not try to outwit the market. They earn their living from the spreads between bid and asked prices.
For example, they 8ll buy a stock from one investor at the bid price of $20 and immediately sell it to another investor at the asked price of $20.05. When they handle 50,000 ... more. less.
shares a day, the pennies add up. When a television reporter asks traders for their opinions about the market, the traders are happy to oblige.<br><br> Everyone has opinions. But successful traders don 8t usually act on their short-term market opin- ions. It 8s too easy to be wrong.<br><br> They stick to accommodating customers. Like those who sell automobiles, they 8re dealers . But as a customer, you don 8t earn the spread; you pay it.<br><br> Say you buy a stock for $20.05. If the price doesn 8t change, you sell it for $20 and lose the difference. You pay commissions, too.<br><br> The outflow of dollars add up. In the long run, you can 8t out- wit the market. Those who try usually underperform the mar- ket.<br><br> Those who try hard by trading usually end up losing. Chapter 10 of my book, cAll About Exchange-Traded Funds, d advises how to be a trader. But the chapter cautions that the advice it gives will help readers to lose their money more slowly than they would oth- erwise.<br><br> The book is amusing. You can buy it through www.ArchieRichards.com . *** From an investment point of view, Africa is a comer.<br><br> Here 8s why: The Wall Street Journal reported recently that 46 per- cent of Africans are now Christians, up from only 9 per- cent in 1900. The fastest grow- ing sects are radical evangeli- cal faiths, such as prevailed in America in the 18th century. This is great news.<br><br> Evangelical Christianity is a precursor to capitalism. With many religions, wor- shipers feel that their affairs are in God 8s hands, and there 8s not a lot they can do about it. Many people also believe that they are too unim- portant for God to communi- cate with them directly.<br><br> But evangelical Christians believe that, through prayer, God is willing to communi- cate with them individually. They also believe that if they act properly on earth, they will receive eternal salvation. When a person believes that he can improve the sta- tus of his afterlife, he has the self-confidence to feel that he can improve his status right here on earth.<br><br> He comes to believe that, through his own efforts, he can become rich. For capitalism to flourish, one more thing is needed: property rights that are enforceable in court. When a citizen can prove that he owns property, such as real estate, he can offer it as security for a loan to finance a business.<br><br> Two hundred fifty years ago, when most Americans were farmers, democracy took strong root on these shores. The primary reason was that, for the first time in world histo- ry, the majority of farmers owned their own land. Widespread evangelism and a reliable court system also pre- vailed.<br><br> As a result, America became a nation of entrepre- neurs. When a broad-scaled index fund of Africans stocks becomes available, put 5 per- cent of your portfolio into it. It 8ll be a bumpy ride.<br><br> But in the long run, it will be highly prof- itable. (Archie Richards welcomes reader questions. E-mail him via www.archierichards.com or write him at 5777 Century Blvd., Suite 700, Los Angeles, Calf.<br><br> 90045. Correspondence is treated confidentially and not quoted without changing names.) Market Talk Those who play with stocks, play with fire A. RICHARDS BYRAMIRO BURR For a veteran band to stay fresh, it must walk a fine line between integrity and pander- ing, said Banda El Recodo m u s i c a l director Joel Lizárraga.<br><br> cA lot of artists record songs that appeal to them, but they don 8t think of their audience, d L i z á r r a g a said. cThat 8s a little egotistical because a person should record songs he likes only if he does them with the public 8s tastes in mind. cBut by the same token, you can 8t just record songs that people will like but that you don 8t feel.<br><br> You might fool them for one record, but you won 8t be able to fool them live. d El Recodo, Mexico 8s premier brass band, successfully fused old and new on its 2002 CD cNo Me Sé Rajar, d a Vicente Fernandez tribute that features modern arrange- ments. The album is nominated for a best Mexican/Mexican- American album Grammy, competing against Intocable, cSueños d; Jennifer Peña, cLibre d; Joan Sebastian, cLo Dijo el Corazón d; and Los Tucanes de Tijuana, cJugo a la Vida. d The awards will be broadcast Feb. 23 on CBS.<br><br> The group 8s previous release, cContigo Por Siempre, d produced one of its biggest hits, cY Llegaste Tú, d which spent eight weeks at No. 1 on Billboard 8s Regional Mexican Airplay chart in 2001. cContigo d also won the banda album Latin Grammy that year.<br><br> A Fernandez tribute had been in the works for years, Lizárraga said. cIt was a dream that our founder, Don Cruz Lizárraga, had. d Cruz Lizárraga founded El Recodo in 1938 in Mazatlán, Sinaloa. He died in 1995, but he still looms large over the group, whose full name is Banda Sinaloense El Recodo de Don Cruz Lizárraga.<br><br> His face adorns the cover of cNo Me Sé Rajar, d despite the fact that the group could easily showcase its younger, more photogenic vocalists. Every summer, Mazatlán hosts a tribute concert to him that draws top norteño and banda artists. After his death, son German took over as director.<br><br> However, he left in 2002 to lead Banda Estrellas de Sinaloa. With the third generation, represented by Joel Lizárraga and brother Poncho, taking the reins, El Recodo has remained a strong seller. The first single from the Fernandez tribute, the ranchera cNo Me Sé Rajar, d reached No.<br><br> 10 on Billboard 8s Hot Latin Tracks chart. Other Fernandez covers include the medleys cLas Llaves de Mi Alma/Que Te Vaya Bonito, d cPor Tu Maldito Amor/Volver, Volver d and cDe Que Manera Te Olvido/Lastima Que Seas Ajena. d The appeal of the ranchera legend 8s music is that it 8s cvery ranchera, very untamed, very Mexican, d Joel Lizárraga said. While El Recodo didn 8t mess with the original melodies or lyrics, they did think up cre- ative new interpretations.<br><br> They turned the ballad cSi No Te Quisiera d into a cumbia, changed the waltz cHermoso Cariño d into a ranchera, and showed off their instrumental prowess on cLa Muerte de un Gallero. d cOn that song, we returned to the roots of Sinaloan tambora music, which started out as all- instrumental, d Lizárraga said. cLater on they added vocalists and it started to turn into mod- ern banda music. But we wanted to go back to our roots on this song because this album is very Mexican.<br><br> We decided it was time to show people that banda 8s roots are in instrumental music. d The 16-member El Recodo always has stuck to acoustic instrumentation - tubas, trom- bones, trumpets, clarinets and snare drums - even when smaller celectro-bandas, d which used electric bass and keyboards, became the rage a decade ago. Though those groups com- mercially eclipsed El Recodo for a few years, the Lizárragas are enjoying the last laugh, as a back-to-basics backlash returned them to the top by the mid-1990s. MUSIC NEWS Mexican rock singer Alejandara Guzman swings through Texas for a few con- certs: Feb.<br><br> 13 at Houston 8s Club Escape 2002; Feb. 21 at San Antonio Club Bar-Rio; Feb 23 at McAllen 8s Tejano Saloon. Also coming to Houston is the venerable Conjunto Primavera, March 7 at Club Escape.<br><br> The 2003 Tejano Music Awards have been confirmed for April 5 at the Freeman Coliseum in San Antonio. The awards will be preceded by a TMA Fanfair April 4-7 at the downtown Market Square. The Latino Music showcase at the upcoming SXSW in Austin this year takes places March 14 at the Vibe and fea- tures Libido, Molotov, Ultrasonics, Panda, Jumbo and Grupo Fantasma.<br><br> (Ramiro Burr covers the Latin music scene each week. Burr is also the author of cThe Billboard Guide to Tejano and Regional Mexican Music, d on Billboard Books. For questions or comments call Burr at (800) 555-1551, ext.<br><br> 3429, or e-mail to email@example.com.) PAGE 5D Laredo Morning Times Sunday, February 9, 2003 Local News Latin Music Balancing act keeps El Recodo in spotlight RAMIRO BURR LISD has a famous poet Hilda N. Villarreal, a teacher at Santo Niño Elementary School, was named Famous Poet for 2002 by the Famous Poets Society. For her writing talents, Villarreal was presented with the Shakespeare Trophy of Excellence and the Hilda Navarro Villarreal 2002 Poet of the Year Medallion during formal presentations over the Labor Day Weekend in the Walt Disney Resort in Orlando, Fla.<br><br> Mary Rudge, poet and 1997 Nobel Peace Prize nominee, invited writers to join her in the Famous Poets Parade during the Famous Poets for Peace Balloonathon. Hundreds of balloons were released at once with poems tied to them, making a rain- bow of poetry over the skies of Orlando. Villarreal 9s poem was print- ed in Today 9s Famous Poems 4- On the Wings of Pegasus .<br><br> As part of the Famous Poets Master Workshop, Villarreal was invited to read her poem aloud. Villarreal has been with LISD for 32 years. She began at Ochoa Elementary School, where she was a sixth, fifth, fourth and second grade teacher.<br><br> She also taught at Leyendecker, where she sponsored the pre-kinder and kinder cheer- leaders and Alethea Talent Show. Presently Villarreal is teaching prekinder in the Early Childhood Center at Santo Niño. She serves as early child- hood head teacher, mentor for TAMIU Student Teacher Program students, CEIC chairperson and Alethea Talent Show sponsor.<br><br> After school she teaches English as a second lan- guage to adults at Santo Niño. Her hobby is writing poetry. Villarreal graduated from Martin High School and earned a bachelors of sci- ence degree from Texas A&I University at Laredo with a minor in English.<br><br> She has certificates in bilingual edu- cation, early childhood edu- cation, gifted and talented education and Career Ladder Level III. TAMIU celebrates Black History Month In observance of Black History Month, Texas A&M International University will present several events throughout February. The activities range from a Library exhibit and a Black Film Series, to a live webcast on HIV/AIDS, and presenta- tions on art, music, liter- ature, history, criminal justice, women and gen- der studies, and immi- gration.<br><br> Except for the film series, all events are open to the public. All events are free. Ezra S.<br><br> Engling, profes- sor of Spanish, and event coordinator, said he was pleased by the enthusi- asm shown by the faculty and staff of TAMIU. cOn the one hand, the rich and varied activities celebrate the attainments of the peoples of Africa and the Diaspora; on the other, they keep us grounded in the ongoing struggles, d said Engling. Below is a list of the activities scheduled: All Month: The Killam Library exhibit includes a memorial display dedicat- ed to the victims of the Columbia shuttle tragedy, featuring African- American payload com- mander Michael P.<br><br> Anderson. TAMIU 9s Office of Student Health Services and the Laredo Department of Health will host the nationwide web- cast, part of a distin- guished lecture series sponsored by the African- American HIV/AIDS Prevention Network. HIV/AIDS Screening and Testing, 9 a.m.<br><br> - noon, Student Center rooms 216- 217. Jaime Garza and the staff of the Laredo Department of Health will provide literature at both venues. Monday, Feb.<br><br> 10: Panel Discussion: cImmigration and Adaptation Experiences of African Professionals in the U.S., d noon, Western Hemispheric Trade Center (WHTC), room 103. Peter Haruna (Ghana), assistant professor of public administration, will be joined by Archibald Laud-Hammond (Ghana), adjunct faculty in philoso- phy, Mohammed Ben Ruwin (Libya), assistant professor of political sci- ence, and Ezra S. Engling (Jamaica), professor of Spanish.<br><br> Wednesday, Feb. 2: Women and Gender Studies Lecture: cAn Introduction to Audre Lourde, d noon, Bob Bullock Hall, room 101. Phoebe Godfrey, assis- tant professor of sociolo- gy, will speak on this activist, with specific ref- erence to black women.<br><br> Monday, Feb. 17: Lecture: cThe Crimogenic Impact of Incarceration on A f r i c a n - A m e r i c a n Communities, d 11 a.m., WHTC, room 103. Hamid Kusha, associate professor of criminal jus- tice, will speak.<br><br> Tuesday, Feb. 18: Multimedia Presentation: cBob Marley: Reggae Activist, d 7 p.m., University Village. Ezra S.<br><br> Engling will pre- sent. An extract of this lecture will appear in the February issue of The Bridge, the student news- paper at TAMIU. Wednesday, February 19: Music: cJazz in/and Laredo. d 7 p.m., WHTC, room 116.<br><br> Jazz musicians/band members, Michael Yoder, associate professor of geography, Kevin Lindberg, assistant pro- fessor of English and Richard Wright, assistant professor of art history, will pool their talents and experiences. Thursday, Feb. 20: Poetry Reading: cAfro Hispanic Voices: Nicolas Guillen, d 12 noon, WHTC, room 103.<br><br> Jose Cardona, associ- ate professor of Spanish, will present a poetry read- ing and discussion. Monday, Feb. 24: Discussion: cAfro-Latino Relations: In the Nation and at Home, d 12 noon, WHTC, room 116.<br><br> Stanley Green, profes- sor of history, and Christy Teranishi, assistant pro- fessor of psychology, will do a joint examination of the topic from national and Laredoan perspec- tives. Tuesday, February 25: Presentation: cAffirmative Action Revisted, d 7 p.m. WHTC, room 116.<br><br> James Norris, assistant professor of political sci- ence, will present some reflections on a contro- versial topic. Wednesday, Feb. 26: Lecture: cMumia Abu Jamal: The Case for Reasonable Doubt, d 12 noon, WHTC, room 116.<br><br> The final presentation for the month features Phoebe Godfrey. HILDA N. VILLARREAL<br><br>