The Ottumwa Courier

Ottumwa

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
Ottumwa
  • City Council approves sale of properties OTTUMWA — On Tuesday the Ottumwa City Council met for the last regularly scheduled meeting of April. Included in the agenda for the evening were several dispositions of city owned property. Structures and land located at 519 W. Fourth St., 723 E. Mar

    April 15, 2014

  • Where to play OTTUMWA — The Ottumwa Community School District wants to discuss moving to another athletic conference. Superintendent Davis Eidahl revealed that the district has been contacted by a smaller sports league, which has extended an invitation to join the

    April 15, 2014

  • 0415 Right side up monster truck pic Nice driver --- mean machine OTTUMWA --- Drivers sat at one end of their vehicles during the "pit party," meeting fans and signing autographs before the motorsport and monster truck exhibition at Bridge View Center this weekend. Monster truck driver Orville Hill let kids --- and

    April 13, 2014 1 Photo

  • 0415 OTT Composting ethical pic Recycling in a garden OTTUMWA --- Parents will tell you: They hate to see kids waste food. A gardner named Scott Koepke feels the same way. “First, let’s get our food to people who are going to eat it,” he said. “It hurts me to see kids in the schools throw away an entire

    April 13, 2014 1 Photo

  • 0412 OTT Pothole color photo -T -M [Duplicate] A bumper crop of potholes OTTUMWA — The nice weather has been putting the bad roads on display. Officials say good: It gives us a chance to fix them. “Every city is going through the same thing,” said Larry Seals, Ottumwa Public Works director. “It has been an unusual winter

    April 11, 2014 1 Photo

  • Home in a tent OTTUMWA -- As people live without shelter, they become desperate finding a place to sleep. The situation impacts more than just the community's homeless. "There is nowhere to put people who are homeless," said Mary Margaret Butler. "Nowhere." Ottumwa

    April 11, 2014

  • 0412 OTT Martha Speaks color photo -T -M Ottumwa children visited by cartoon star OTTUMWA — Iowa Public Television is celebrating its 45-year anniversary this year by helping communities like Ottumwa educate young children before they get into a school setting. One of the programs they are using to help reach out to children is by

    April 11, 2014 1 Photo

  • United Way expanding on Corporate Community Garden OTTUMWA — The United Way of Wapello County created its Corporate Community Garden last year as a way to donate locally grown food to community members in need, and after a successful first year, it's hoping to expand the garden’s impact in its second

    April 11, 2014

  • City Council to discuss several property sales OTTUMWA -- The Ottumwa City Council will meet Tuesday evening at 6:30 p.m. in City Hall for its second and final regularly scheduled meeting of April. Included on the agenda for the evening, among various other items, are several public hearings on t

    April 11, 2014

  • Volunteers wanted for playground construction OTTUMWA — Wildwood Park in Ottumwa is going to be the recipient of some rather significant playground upgrades in the near future, but in order for the construction of the new equipment to be free for taxpayers, there has to be enough volunteer power

    April 10, 2014

Obituaries
Record
Facebook
AP National