The Ottumwa Courier

Local News

January 3, 2013

Investment program on the shelves at library

Ottumwa one of 18 libraries approved for Smartinvesting@ yourlibrary

OTTUMWA — Any librarian will tell you there’s a lot to learn at your local library. But an upcoming program will be the first time the Ottumwa Public Library will teach you how to grow your own money.

“Part of the library’s mission is to educate our community members,” said Sonja Ferrell, the Ottumwa library director.

By having an objective party provide investment education, members of the public know they won’t be influenced by one company or another hawking their own products.

Smartinvesting@yourlibrary is sponsored by FIRA (Financial Industry Regulatory Authority) and the American Library Association,” Ferrell said. “They go around the country offering grants, and the State Library of Iowa received a large grant.”

Ottumwa applied this year and was one of 18 libraries in Iowa to be approved. Ottumwa was also one of the largest communities to have the program scheduled.

“The classes are actually divided into three tracks based on generation,” Ferrell said.

There’s young people in their 20s or 30s just heading into the work world, those approaching retirement and people who have already retired. But all six one-day classes can benefit everyone.

“We’re learning a lot from the library in Ames and how they went through the program [last year],” said Ferrell.

She said her favorite example from Ames involved a grandfather who brought his two teenage grandchildren to every class. During the last class, there was a type of pop quiz given by the instructors, and the kids were getting all the questions right.

“He gave each child $100 so they could invest like they learned in the course,” Ferrell said. “It’s not just retirement. It shows all the basic investments: stocks and bonds, savings accounts, CDs. And material shows if you invest a certain amount now, it’ll show how much it’ll be worth in 30 years.”

Though she’s learning a lot about the subject of investing, Ferrell said the instructors are from the University of Iowa Extension Office. She’s working to get members of the public to attend so they can benefit from the course.

“The library presents an opportunity to folks of all circles. So it’s not just those involved in the schools or college. We can house everybody in the community,” Ferrell said.

Members of the community will be able to learn more; on Jan. 15 there will be a “kickoff” featuring a PBS documentary on the good and bad of the credit card industry. Then there can be further conversation.  

“We hope it generates interest in registering for the actual classes,” the librarian said. “The actual first class is Jan. 23, and we’re offering it at two different times.”

For those who can’t make it to any classes, she said, there are still options. First, the classes are available online. And second, the library is getting a slew of material on investing wisely as part of the Smartinvesting@yourlibrary program.

1
Text Only
Local News
  • Calendar Groups wanting to be included in the Calendar must submit the item every time the group meets, at least three days in advance of the meeting.Send information to Calendar, Newsroom, Ottumwa Courier, 213 E. Second St., Ottumwa 52501 or send email to ne

    July 26, 2014

  • Alternate juror could not have convicted Techel based on evidence DAVENPORT — An alternate juror who was dismissed before Seth Techel, 23, of Agency was convicted of killing his wife and the non-consensual termination of a human pregnancy says the verdict could have been different if she had been in deliberations.D

    July 25, 2014

  • Overcome testing fear, get a good job OTTUMWA — It's not who you know, it's what you know. That's what City leaders say about getting a good paying job in Ottumwa. "It seems like in the last year we've had a real reduction in the number of individuals who've applied," said Joni Keith, hu

    July 25, 2014

  • Water Pollution Control Facility gets OK to upgrade OTTUMWA — An emergency Ottumwa City Council meeting resulted in spending $140,583 for the Water Pollution Control Facility. Friday afternoon, council members listened intently as Ottumwa Water Pollution Control Facility Superintendent Kam Reeves told

    July 25, 2014

  • 0724 OTT Tehel mug -T -M Resolution — Techel verdict reached

    DAVENPORT — The father of a slain Wapello County woman said he began to heal as soon as he heard the guilty verdict today. The jury unanimously pronounced Seth Techel, 23, guilty on charges of first-degree murder and non-consensual termination of a h

    July 24, 2014 1 Photo

  • Quincy Ave. project starts Aug. 4 OTTUMWA — Updates on the Quincy Avenue project was given to residents and businesses residing between Albia Road and Hwy. 34 on Thursday night at Ottumwa City Hall. About a dozen people attended the meeting where City Engineer Dan Sturm gave an updat

    July 25, 2014

  • Silence continues on fatal shooting OTTUMWA — Law enforcement is exercising its right to remain silent about a shooting death that occurred south of town this week. The Wapello County Sheriff's Office, which had responded to the shooting, said most information on the case would now com

    July 25, 2014

  • 0726 OTT cedar creek Gone in a flash

    BLOOMFIELD — Bob Parker got about as close to lightning as you can Friday morning, and came out of it without injury. A line of thunderstorms started moving through southeast Iowa in the early morning hours. Parker was heading to work at about 7 a.m.

    July 25, 2014 2 Photos

  • 0726 OTT Garden Bites III Color Photo -T Garden Bites sees growth BLOOMFIELD — Nearly one month ago, families gathered at Pioneer Ridge Nature Center to plant various vegetables to harvest and eat on Thursday at Garden Bites. The program allows families to get their hands a bit dirty at Pioneer Ridge and plant food

    July 25, 2014 1 Photo

  • 0725 OTT Riverfront design A new outlook on Ottumwa OTTUMWA — A "River Renaissance" is brewing in Wapello County. Planners working for Christian Rushing Studio from Tennessee took the public's ideas, and gave them life via maps, numerical projections and artists' renderings. "Hold onto your seats; you

    July 24, 2014 1 Photo

Photo reprints


Obituaries

Facebook