HDTenEightyP/NetNews huggingface dataset:
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Inheritance forthcoming...advice sought
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 19 Nov 1992 22:10:52 GMT
Keywords: Loop Holes

In article <1992Nov19.181931.17451@porthos.cc.bellcore.com> mpb@troy.cc.bellcore.com (bunz,marcus p) writes:
>In article <1992Nov13.221124.25275@novell.com>, bradley@novell.com (Brad Soe) writes:
>> In article <1992Nov13.203738.16082@src.dec.com> pardo@src.dec.com (Phil Pardo) writes:
>> >I am expecting an inheritance soon that is in the neighborhood 
>> >of 10 to 15K.  Does anyone out there know of any loop holes that 
>> >might exist to get around the taxes that will have to be paid on
>> >it or if there is a manner in which to invest it before I physically 
>> >touch the money?
>> >
>> >Any and all advice on this matter would be greatly appreciated.
>> 
>> Is this person still alive? Anyway, he/she can give you 10K Free and clear
>> as a gift right now. You can inherit the other 5K later. A person is allowed
>> to give a gift up to 10K lump sum per year with out any tax penalty. You
>> would have to pay tax on the other 5K though, but not on the 10K.
>> 
>> There are other ways, but this is the easiest. 
>
>WRONG!!!  The gift/inheritance tax is paid by the GIVER, not the GIVEE.
>Also, keep in mind that any such gift reduces the $600,000 that is subject
>to estate taxest when the giver reaches the end of this vail of tears.


Just a clarification:


The amount by which a gift exceeds $10,000 in a year is what reduces
the $600,000 amount.  (Actually reduces the unified -- gift + estate
- tax credit, but the effect is the same.

-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: johna@psdcae1.gvg.tek.com (John Abt)
Newsgroups: misc.invest
Subject: Re: Bid / Ask difference
Date: 17 Nov 92 00:20:47 GMT
Distribution: usa
Organization: Grass Valley Group, Grass Valley, CA

I've been wondering about the bid/ask process - what's the algorithm?
How are the bid/ask prices set? I assume that multiple bids and offers to
sell are normally present - all with possibly different prices.

Is the NASDAQ different (other than being computer based)?

Any book recommendations?

John Abt
Newsgroups: misc.invest
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Subject: Re: Thinking of investing in Novel
Organization: Skidmore College, Saratoga Springs NY, 12866
Distribution: usa
Date: Wed, 18 Nov 1992 21:47:03 GMT

In article <BxxDr0.Gw@SSD.intel.com> tim@ssd.intel.com (Tim Gates) writes:
>I'm curious to see how well Novel holds on to thier 60% market share when 
>Microsoft unleashes NT.  From what I understand about NT, it has the
>networking software builtin (for the single user setup anyway, don't know 
>about the server side), which would make Novel's software unnecessary.
>
>Any thoughts from about this from an investment approach?

NT will require a BIG platform (lots of ram, disk space, fast
processor).  Do you think that the gobs of machines in businessland
tied to Novell servers are adequate for NT?  I think not.  MS is doing
a marvelous marketing push, I'll be curious to see how NT does when
reality sets in.  

-- 
Pierre von Kaenel	| Skidmore College	     | pvonk@skidmore.edu
Math & CS Dept.		| Saratoga Springs, NY 12866 | (518)584-5000 Ext 2391

"Experience is the name everyone gives to their mistakes." Oscar Wilde
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: When is Israel Closed End Fund going public?
Date: 21 Nov 92 17:40:56 GMT
Distribution: usa
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

There is already one Israel fund out there. It was released about a
month ago by Prudential and there was a controversy because it dropped
very quickly to a discount to asset value. Closed end funds usually drop
to a discount but not so quickly.

Joel bloch
From: nyp00@cd.amdahl.com (Nicholas Y. Pang)
Newsgroups: misc.invest
Subject: When is Israel Closed End Fund going public?
Keywords: closed-end funds israel
Date: 18 Nov 92 16:34:38 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

Anyone know when the Israel Fund (closed-end) is likely to go public?

-- 
Nicholas Pang         nyp00@cd.amdahl.com       
Amdahl Corporation    nyp00@outs.ccc.amdahl.com 
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Tokos Medical (TKOS)
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: usa
Date: Sat, 21 Nov 1992 04:48:56 GMT

guido@island.COM (Guido Marx) writes:

>In article <1992Nov17.191446.10684@asl.dl.nec.com> alie@csl.dl.nec.com (Andrew Lie) writes:
>>Tokos Medical, one of Barron's Fund favorites, takes a dive today
>>(down 8 3/8). Does anyone have any news to share? Thank you.

>Our local business columnist (Herb Greenberg - Buisness Insider S.F. Chronicle)
>wrote a couple of articles about this company.  It seems that the FDA has
>been investigating whether or not Tokos has been promoting some of its
>medical monitoring devices for uses for which they have not been approved
>by the FDA.  Obviously, if the FDA decides that they have, it will be bad
>for the company.

In the Wall Street Journal (Friday, Nov 20/92)
it says it is because of the
negative results of a Canadian study of one of
their drugs (retudrine?). Apparently Tokos had played down
the negative implications of the study, but the implicatios
are more serious than realized (according to WSJ).

>Guido
Newsgroups: misc.invest
From: cs101a64@dcl-nxt33.cso.uiuc.edu (cs101 student)
Subject: re: Inflation Coming?
Organization: University of Illinois at Urbana
Date: Tue, 17 Nov 1992 20:20:37 GMT

In article <of0gYle00VpE4QvIkc@andrew.cmu.edu>  writes:
> 
> What does everyone think about the next four years with respect to
> Clinton's monetary policy?  Do you think inflation will soar (I've been
> hearing that recently) and precious metals will likewise?  How can you
> know (better)?
> 
> ____Dan

  I predict interest rates will rise by the end of 1993, and I believe  
inflation will increase.  If the economy recovers, inflation will likely  
rise.  If the price of an important commodity (such as oil in 1974 and  
1979) skyrockets, you can bet on a return to double-digit inflation.  I  
believe that an economic recovery (even if it only produces annual 3% GNP  
growth) will allow inflation to creep up to 4-5%.  However, I strongly  
advise against speculating in precious metals because of the risk.   
Instead, keep a lot of money in money market funds, avoid bonds and CD's  
of more than a 1-year maturity like the plague, and only invest in stocks  
selling below book value (the Graham and Dodd strategy, which I will  
always apply).
Newsgroups: misc.invest
From: jordan@IMSI.COM (Jordan Hayes)
Newsgroups: misc.invest
Subject: Re: Where is the best place to stick it?
Date: 23 Nov 92 17:51:51 GMT
Organization: Investment Management Services Inc., NYC

Gary Heston <gary@cdthq.UUCP> writes:

	Wipe out the credit cards, put the rest in investments, and put
	the money you were paying on the cards into either more
	investments or partying.

There's the point: people who pay off that debt will *not* be inclined
to "pay back" the original lump.  In a sense, if you inherit $100k, and
you use $20k of it to pay off credit card debt, you've "loaned" one
account to pay another.  Now you're losing return on that $20k.  If you
don't take the original cash flow you were paying for debt service and
"repay" the $100k account, you're down for the long run.

The numbers make sense: it's the actions of individuals who will in
fact party instead of putting the money back that leads me to say
"stick with the cash flow" of debt service.

/jordan
Newsgroups: misc.invest
From: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: buying foreign currency for the little guy
Organization: The Ohio State University
Date: Thu, 19 Nov 1992 20:33:17 GMT

In article <0BueuB3w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>adwright@iastate.edu () writes:

>> I am interested in buying foreign currency on a small scale. Is it possible 
>> to get, say Swiss Francs or Yens at a Bank in the form of Travellers Checks
>> and just cash them in for dollars later on? Would i need to have proof that 
>> i intend to travel to that country or can just anyone get them? Am i missing
>> something or would this be an easy way for a little guy to invest in foreign 
>> currency? Any advice, opinions, or references to books would be appreciated.

>There are, so far as I know, no requirements that you be planning 
>to travel in order to hold non-US currency.

>Probably the easiest way to get small quantities is to find an
>international airport with a currency exchange desk; this is,
>however, quite difficult in the US (Los Angeles, Chicago, JFK,
>maybe Atlanta, Dallas, or Miami). Rates won't be real good (i.e.,
>high comissions), but probably no worse than a bank.

>I've never run across travelers' checks in other than dollar
>denominations.

I'm not sure why obtaining foreign currency is such a big deal.  Most major
banks should have an international division which regularly buys and sells
foreign funds.  For the convenience of travelers they usually sell small
amounts of coin and bills as well as traveler's checks.  All of the major
traveler check companies will issue them in foreign currency as well (quite
useful if the currency in a country you're traveling to is going up in price).

Depending on the amounts you're talking about, I would think dealing in 
options would make more sense, since you wouldn't be tying up funds that
aren't earning interest.  Most major stock broker's should be able to get
currency options for you.  Again, depending on the amounts, a major bank
should be able to open an account denominated in a foreign currency, such
that you would be earning interest as well.

Charlie
From: mbodas@natukawa.intel.com (Milind Bodas)
Newsgroups: misc.invest
Subject: Re: Any business/financial radio stations receivable in Wash DC?
Date: 23 Nov 92 22:17:18 GMT
Followup-To: poster
Distribution: usa
Organization: Intel Corporation, Santa Clara, CA

In article <1992Nov20.141453.23811@nsisrv.gsfc.nasa.gov>, toma@hyperion.gsfc.nasa.gov (Tom Atwater) writes:
| In article <Bxy5yp.4Ft@access.digex.com> hacker@access.digex.com (Dark Hacker) writes:
| 
| >are there any radio station in these bands that I can listen to for stock
| >market/financial news?  I'm in the Washington DC area if that helps.
| 
| AM 1580 (I think it's WPGC) is a business/financial station.

Is there one in bay area?

Thanks,

-- Milind
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Warrents
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Tue, 17 Nov 1992 00:05:03 GMT

In article <1992Nov16.184225.19023@cs.yale.edu> blenko-tom@cs.yale.edu writes:
>| >In other words, they want to be able to disallow people to write
>| >contracts between themselves ?  That doesn't sound like good
>| >company to me. (no matter how much I admire PL and WB, I think
>| >they are wrong on this issue)
>| 
>| I won't argue either side, but I think your statement of the case is
>| simplified.  It is not merely a matter of whether people should or
>| should not be allowed to write contracts.
>| 
>| Rather, the contracts themselves have become a negotiable
>| commodity.
>| 
>| (And if we then turn around and write contracts on contracts, such
>| as options on futures contracts, we now have a negotiable commodity
>| twice removed.)
>
>I don't get it. Options are insurance policies. Options
>on options are reinsurance. What is the objection to
>either, and why shouldn't they be traded as securities?

Insurance policies?  Maybe if you have something to insure.

If you bought IBM stock and you wantr to take some insurance against
their falling, as seems to be their won't, sure, buy the put. Etc.


But what if you don't have the IBM?


What if you don't buy the BMW but take out a nice insurance policy
on one?  


Or what if you see me coming, and say, Psst!  Wanna buy a real nice
insurance policy?   Anything happens to that BMW parked out there --
it's not even mine or yours -- you clean up!

Or what if you go down to your friendly Allstate agent and say:

I have this insurance policy on that BMW I don't own, and I'd like
you to sell me a policy on my policy.

So, yes, there are specific cases where options provide a degree of
insurance, but there are all too many cases where they are straight
gambles. 


There's a cute riddle:  If you call a dog's "tail" a "leg" how many
legs would a dog have?

A: Four legs.  Calling a tail a leg doesn't "make it so." (-jlp)


If I go out tomorrow and write 20 IBM Feb 75 calls naked, then
calling the calls "insurance" will not make it so.,
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: jwg1@gte.com (James W. Gish)
Newsgroups: misc.invest
Subject: Re: Long-term invests for college stdnt?
Date: 17 Nov 92 18:41:33 GMT
Organization: GTE Laboratories Incorporated, Waltham, MA
In-reply-to: langston@memstvx1.memst.edu's message of 12 Nov 92 00:49:12 GMT

In article <1992Nov11.184912.4038@memstvx1.memst.edu> langston@memstvx1.memst.edu (Mark C. Langston) writes:
	  I'm not looking for advice on budget, saving, etc... I can find that anywhere
	and is too trivial...I can look it up myself.  What I would like to know is,
	is there a cheap, easy way for someone on a very limited income to make long
	term investments in stocks and/or bonds? (I'm talking about someone who might
	have roughly $100.00 per month available...I _told_ you I was poor...that's
	25% of my net monthly income)
	  If there is such a way to invest, how would one go about getting involved
	in it? (by this, I mean, who do I send the money to and what do I tell 'em?)

	Any help would be appreciated... I'd actually like to have a somewhat
	financially trouble-free life...or at least be able to put some money
	somewhere where it'll draw morethan the 5% my savings account makes

I recommend choosing some no-load, long-term growth mutual fund and
setting up an automatic purchase plan from your checking account.
Authorize the mutual fund company to withdraw $100/month from your
account.  This is about as "trouble-free" as you can get.  It has the
added advantage of "dollar-cost averaging", a fancy phrase that just
means that you end up buying more shares when the cost per share (Net
Asset Value, or NAV) is low and fewer shares when the NAV is high.

Before you invest in anything however, you should have a cash reserve
should some emergency arise.  You wouldn't want to have to tap into
your mutual fund holdings during an emergency if the NAV of your
mutual fund was low.

There are lots of publications out on choosing mutual funds.
Morningstar is a mutual fund rating company that has a publication
available at some libraries.  Brokerages and mutual fund companies
usually have free literature available upon request.

Any recommendations out there for an intro to mutual fund picking?  I
can't think of any offhand.
--
Jim Gish (jgish@gte.com)
Sr. Member of Technical Staff
GTE Laboratories Inc.
Newsgroups: misc.invest
From: nkkwan@undergrad.math.waterloo.edu (Thomas Kwan Nang Kon)
Subject: online trading
Organization: University of Waterloo
Date: Fri, 20 Nov 1992 18:38:22 GMT

I am wondering which online system provides a good online trading service
(with my modem and PC)? What I am expecting includes realtime quotes, and 
buy/sell transaction.

Which kind of markets they provide their users to trade on? (only US markets)?

As I know, America Online offers online trading through Quick & Reilly.
What exactly they are doing? They transfer your orders to the broker,
and they execute for you?

Just a thought, if I want to provide online trading to other people, what
software & hardware do I need? Yes, I know! I have to pay big bucks to broker 
house for sure! :)!



ThOmAs KwAn
nkkwan@descartes.uwaterloo.ca
From: sbale@netcom.com (Swamy S. Bale)
Newsgroups: misc.invest
Subject: IRA info needed.
Date: 19 Nov 92 02:52:22 GMT
Article-I.D.: netcom.1992Nov19.025222.28271
Distribution: na
Organization: Swamy's Palace

Hi everybody,

I have some questions on IRA. I am working in a company which doesn't have 401k
benefits. I know that I can open an IRA account. My questions are:

Do I need to open an account in a bank or brokerage firm?
Is this mandatory that I should have someone manage my IRA account rather than
myself?

How much of my money I can put in IRA each year?
Can I open IRA account any time of the year?

I would like to maintain my money by myself rather than paying fees/commission
to somebody else, to maintain my account. Also any information on other tax
shelters is also appreciated.

If there is enough interest, I will summarize.

Swamy.
 
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Ruble futures market info?
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Tue, 17 Nov 1992 08:52:11 GMT

devine@olympus.CS.Berkeley.EDU (bob devine) writes:

>YZKCU@CUNYVM.BITNET (Yaakov Kayman) writes:
>: Now that the Soviet Union's gone and the Russian economy is opening up
>: (it hopes) to foreign investors, where might one get some information
>: about a rubles futures market?

>I dont't think that any investor should plan on a stable Russian market.
>The annual ruble-based inflation rate is estimated at > 2000%.  So that
>leaves 3 possibilities:
>	1. any trading profits you make are instantly devalued
>	2. the markets collapse
>	3. the ruble is declared as worthless

>Currency trading is worth playing only if you are affiliated with
>a deep-pockets source of money.  There is currently no stable market
>that you can use to trade.  Bartering is about all that is semi-safe.

>Bob Devine

There is an article in last week's Barron's about currency trading.
Everyone WISHES you could trade in rubles -- and make
a fortune by selling it down the tubes.

-Larry Watanabe watanabe@cs.uiuc.edu
Newsgroups: misc.invest
From: Brian.Chan@launchpad.unc.edu (Brian Chan)
Subject: Mortgage Broker needed in WA State
Organization: University of North Carolina Extended Bulletin Board Service
Distribution: usa
Date: Mon, 23 Nov 1992 18:06:11 GMT


I am an American engineer residing in Germany and planning to return to 
the States by late January. I would like to refinance my 10.5% 
mortgage on my currently rented house.
 
I have tried to call a few places ($$) and come up empty handed. Can
someone recommend a mortgage broker that has license to practice in 
the State of Washington? I had been working with the San Jose based 
Touch Dream Financial Services (highly recommended BTW) for a little 
while. It was too bad that they only had license to practice in CA. 
 
I believe the rate is going to creep up. Rather than waiting for my 
return, I would like to start process now. Can you help me?
 
Thanks a million for your assistance in advance.
 
Regards,
 
Brian
Stuttgart, Germany
 
 
 
 



--
   The opinions expressed are not necessarily those of the University of
     North Carolina at Chapel Hill, the Campus Office for Information
        Technology, or the Experimental Bulletin Board Service.
           internet:  laUNChpad.unc.edu or 152.2.22.80
Newsgroups: misc.invest
From: cali@wam.umd.edu (Cali Chen)
Subject: Re:Zenith
Organization: University of Maryland, College Park
Date: Tue, 17 Nov 1992 01:42:17 GMT

	Someone asked about ZE.  I own it and am going to buy more.
I am betting on their technology.  Too bad their management is stupid.

They delayed responding to price cuts by competitors and lost market
share.  Their FTM monitors were delayed during the second quarter
because of upgrades and start-up conditions, but their negotiating with
several companies for the dev. of customized FTM monitors.

ZE developed stero sound but they let competitors profit from it
without collecting royalties.  They learned their lesson and now collect
royalty income for their tuner technology.  They also expect
benefit from patented HDTV tech no matter whose system is adopted.

Cali

Newsgroups: misc.invest
From: mcdonald@cs.sfu.ca (Ken Mcdonald)
Subject: Opinions on Reich?
Organization: CSS, Simon Fraser University, Burnaby, B.C., Canada
Distribution: na
Date: Sat, 21 Nov 1992 01:59:54 GMT


Can anyone in netland offer a thumbnail (or better) synopsis of Reich,
Clinton's Man From Harvard, and the ideas this fellow is pushing?  I
like Clinton, but looking at Reich makes me very uneasy.  (Visual looking--
on nothing but first impressions, I neither like nor trust the man.  This
isn't a very good way of evaluating people, but at the moment, it's all
I've got.)  Feedback from people who know and understand Reich's work in
some detail is especially desired.  I'll track down and read his books
sometime, but probably not soon.  Is his research sound?  Does he use
reasonable assumptions?  (Many economists do not.)  Can he justify his
conclusions by historical validation?  (Well, maybe "justify" isn't
the right word here.  You know what I mean.)  Etc. etc.

Thanks,
Ken McDonald
mcdonald@cs.sfu.ca
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Israel Closed End Fund
Keywords: closed-end funds israel
Date: 19 Nov 92 02:51:30 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <1992Nov19.001723.6898@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>
>First Israel Fund (ISL - NYSE) went public @ $15 about a month ago.
>It dropped to around $13+ within a day or two, which is usual with
>closed end funds.

Has anyone looked into this fund, or is there a way we can get a
prospectus (since it was an IPO)?  Does anyone have any informed
opinions on this fund?

I think that the Israeli economy would get a tremendous boost
if the Arab economic boycott were lifted, either de jure or
de facto.  (This is possible if the peace talks can progress
much further.)  This would open up a lot of markets for Israeli
goods and would allow them to get some imports from much closer.
Of course, the boycott may not end, and maybe war would break out
(very unlikely for at least 5+ years, IMO, and probably much longer).
Or the socialistic Labor government could be a drag on any
opportunities that did open up.  Or maybe the ISL fund
could somehow fail to benefit from sectors that were helped
by an end to the boycott.  Still, this to me would seem
like something to consider for part of one's international
portfolio.

BTW, I have not religious or political motives for investing
in Israel, I just see a possibility of a booming economy.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: Re: Thinking of investing in Novell
Date: 18 Nov 92 17:00:21 GMT
Organization: Boston University Physics Department
In-reply-to: 13501TMC@MSU's message of 18 Nov 92 14:47:10 GMT


If you are considering Novell you may want to also buy into
Banyan Sys. it's done very well for an IPO. Vines(tm), I'm
told is a superior product fro N > 400 nodes. The fundementals
look good too.

EPS 99 RS 93
52 WK HI-LO  22-10 1/4


-sjm


--
Sean J. Merritt		         |      Nietzsche che dice?
Dept of Physics Boston University| 	       Boh!	
merritt@budoe.bu.edu		 | 
Newsgroups: misc.invest
From: meyers@lorenz.ocean.fsu.edu (Steve Meyers)
Subject: CONDEX
Organization: Florida State University
Date: Wed, 18 Nov 92 20:19:55 GMT


There have been a couple news reports on some interesting 
products to be shown at the CONDEX show. In particular, 
pen-based systems by Eo Corp. and 
Go Corp. were highlighted. Does anyone know anything about these 
companies and if/when they will go public?

Anybody else hear of something interesting?

Thanks in advance

Steve