HDTenEightyP/NetNews huggingface dataset:
From: fleck@acsu.buffalo.edu (richard j fleck)
Newsgroups: misc.invest
Subject: Re: Borland International?
Date: 18 Nov 92 01:18:25 GMT
Organization: State University of New York at Buffalo/Comp Sci

I don't know the particulars on Borland but 
Elane Gazarelli (sp?) picked them as one of
her favorites to watch on last Fridays NBR.

Does anybody on the inside of Borland have
an opinion on the companies future?

Rich Fleck
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: What to do with $5000 to $10000 till April 15th?
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Sat, 21 Nov 1992 02:07:30 GMT

In article <1ejeubINN2qj@seven-up.East.Sun.COM>, jdesai@ilu.COM (Jatin Desai) writes:
> 
> I have accumulated an extra $7000+ in my business account which I will need
> to pay taxes on April 15, 1993. Since I did not make a lot of money last
> year, I don't need to worry about penalies etc. - I have made sure of this
> with my accountant and by doing the IRS worksheet myself. Now the question
> is - What do I do with the money till then? I am not a savvy investor but
> am willing to learn. I do not mind a little risk as I have enough to cover
> partial loss of the amount in case something very bad happens. Of course I
> don't want to squander it all by buying junk investments!
>
> I do not mind general or specific advice, but I would prefer specific advice
> like (I think Mutual Fund A will do good in next 6 months).

Being willing to take risks is one thing, and taking reasonable risks is another.
Personally, I do not believe that in your time frame (less than 6 months) anything
but a conservative, capital preserving investment is called for.  The potential
rewards do not justify the risks in my mind.  You have to believe you have a
good shot at being rewarded when you take the risk.  In your time frame, the
extra returns from stocks or longer term bonds do not adequately compensate
for their risks.  I would recommend nothing more risky than a short-term bond
fund (for example, Vanguard Short Term Corporate, Vanguard Short Term
Municipal, or Vanguard Limited Term Municipal).  (I'm a Vanguard bigot when
it comes to bond funds, as you can see.  Other companies offer good short term
bond funds too, but I am less familiar with them.  I believe Strong and Scudder
have short term corporate funds that have performed well of late.)  Other
options are money market funds (taxable or tax free depending on your bracket)
or maybe a CD.

If you still think putting the money in stocks would be a blast, at least call it what
it is:  speculation (aka gambling).  Over this short time frame, it is not investing.
And I offer this alternative:  Take the amount you say you would be willing to
cover in case of a loss between now and then and go have a blast somewhere.
Like Las Vegas maybe.  And put the money you need to pay the IRS in something
safe.

More than your money's worth, -steve p.  (opinions mine, no warranty)
Newsgroups: misc.invest
Subject: Re: buying foreign currency for the little guy
From: gary@cdthq.UUCP (Gary Heston)
Date: Fri, 20 Nov 92 19:18:24 CST
Organization: Garys' Home for Obsolete Computers

jack@richsun.cpg.trs.reuter.com (Jack Gidding) writes:

> In article <0BueuB3w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston)  
> writes:
> > adwright@iastate.edu () writes:
> > 
> > I've never run across travelers' checks in other than dollar
> > denominations.
> > 
> 
> American Express does offer travellers cheques in at least seven  
> other currencies. I've gotten them before in Swiss Francs and British  
> Pounds Sterling. They are pretty cool because they are  
> oversized..well they are the same size as some of the European notes. 
> 
> I think that the other 5 are: Deutsche Marks, French Francs, Canadian  
> Dollars, Austrailian Dollars, and Japanese Yen. These are the major  
> seven currencies.
> 
> AMEX has a service where you can call them and have the travellers  
> cheques delivered to your home. So I know that they are available  
> through that service. However, I don't know if you can go to a bank  
> and get them.

You know, this might be a *real* easy way to do currency speculation.
If someone wanted to play with $5K or more per year, the $45 "comission"
annually would be pretty cheap, compared to trying to deal with a
currency broker. Maybe I'll send in one of those applications they 
keep sending me ("preapproved, just tell us whether or not you make
enough money for us to give it to you", or something like that :-) ).

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Yields and Betas...huh?
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Wed, 18 Nov 1992 21:42:44 GMT

RKSHUKLA@SUVM.SYR.EDU (Ravi Shukla) writes:

>In article <1992Nov16.220722.7561@tandem.com>
>pearson_steven@tandem.com (Steven R. Pearson) writes:
> 
>>Beta is a measure of relative volatility.  I do not know how it is calculated.
> 

Whoever is in charge of the FAQ, please save Ravi's posting
as an answer to the question "What is beta?" 

-Larry Watanabe
Newsgroups: misc.invest
From: kendall@adobe.com (Janice Kendall)
Subject: Re: Inflation Coming? (Gold?)
Organization: Adobe Systems Incorporated
Date: Mon, 16 Nov 1992 00:02:22 GMT

For what it's worth, here is Bob Brinker's view on the possibility of
inflation under Clinton (paraphrased):

  There are two ways that Clinton can cause inflation:

	1) Monetary policy via the Federal Reserve Board.  Greenspan
	   has made it clear that he will not pursue inflationary policy
	   and Greenspan will be chairman until 1996.

	2) Spending.  There isn't any money to spend.  Clinton talks
	   about spending 30-50 billion on infrastructure projects, but
	   Brinker sees this as pocket change in an economy of our size.

So, Brinker does not see inflation on the horizon.

 Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall

      Don't Panic!  Clinton will be our *42*nd President.



Newsgroups: misc.invest
From: smiles@NMC.ED.RAY.COM (Kevin Ruddy)
Subject: Re: Inheritance forthcoming...advice sought
Keywords: Loop Holes
Organization: Equipment Division, Raytheon Company
Distribution: misc.invest
Date: Wed, 18 Nov 92 21:23:38 GMT

In article <BxvCuL.3y5@news.cso.uiuc.edu> acheng@ncsa.uiuc.edu (Albert Cheng) writes:
>What is stopping people from forming a "gift-swap-club" (read tax evasion
>joint)?  Say the club has 10 members.  All of them want to gift their
>one kid $100K this year.  Here is scheme:
>	Each member gifts his/her kid $10K;
>	Each member gifts the other nine members $10K each;
>	Each member then gifts $10K to every other members' kids.
>
>$100K from each member channeled to his/her kid tax free.  Any problem
>besides upsetting IRS?

Yeah.  Try and pry the money out of your fellow clubmembers' hands after
they've got it!

Actually, this could be done with third-party involvement; some kind of
escrow would be in order.  But if the reason for this is to sidestep an
inheritance -- which assumes that the person with the money will die in the
relatively near-term -- these clubs wouldn't last very long!  Members who
recently joined would be leaving just as quickly.  The club's membership
would be very hard to maintain, it would seem.

Kevin
-- 
Kevin.Ruddy@NMC.ED.RAY.COM
Newsgroups: misc.invest,soc.women
From: thomasr@cpqhou.compaq.com (Thomas Rush)
Subject: Re: TELEBRAS
Reply-To: thomasr@cpqhou.compaq.com (Thomas Rush)
Organization: Compaq Computer Corporation
Date: Thu, 19 Nov 92 17:30:28 GMT

In article <1992Nov18.131916.14468@cbnews.cb.att.com> lib@cbnews.cb.att.com (Lib) writes:
>In article <1992Nov17.204531.7705@porthos.cc.bellcore.com> keith@iscp.Bellcore.COM (Keith Hawkins) writes:
>>In article <1992Nov10.180221.13784@oracle.us.oracle.com>,
>>kbalasub@sparcle.oracle.com (Kris Balasubramanian) writes:
>>|> 
>>|> Hi,
>>|> 	This is a telephone company in Brazil. 
>>
>>Whew!!  Good thing you said what the TELEBRAS company does.  For a
>>second
>>there I thought they manufactured distributed undergarments! :-)
>
>Which puts me in mind of Memory Metals. They held several patents on metal
>alloys which if deformed and then heated would return to their original
>shape. Well, you know how when you wash your undies the bras always come
>out looking like dishrags instead of bras? Memory metals started selling 
>their alloys to companies that made underwire bras and then when you ran
>your bras through the dryer they came out looking like bras again. Neat.

So maybe they could be called, "Mammary Metals?"


thomas rush			compaq computer corporation	
thomasr@cpqhou.compaq.com	their employee, not their opinions.
I believe all human interactions should be based on mutual consent.
Newsgroups: misc.invest
From: tony2@prefect.cc.bellcore.com (gozdz,antoni s)
Subject: Re: Mutual Funds Fees - 12b-1s, in particular
Organization: Bellcore, Livingston, NJ
Distribution: usa
Date: Thu, 19 Nov 92 13:08:49 GMT

In article <1efiomINNge8@agate.berkeley.edu> braver@magnolia.Berkeley.EDU (Michael Braverman) writes:
>All other things being equal, if I'm trying to decide between two
>mutual funds, A and B, whose total annual fund operating expenses 
>are the same, but fund A doesn't charge 12b-1 Fees, whereas fund B
>does, is there any reason to prefer A over B or vice-versa?  That is,
>as an investor, am I only interested in to bottom line operating
>expenses (which already include any 12b-1 fees, if any), or does the
>presence of 12b-1 fees have some hidden sinister consequences?
>
>thanks for the info,
>
>Michael Braverman
>braver@cs.berkeley.edu

Except that they subtract those fees year after year
after year from your investments and provide little or
nothing in return (read commentaries in Morningstar),
no, there are no sinister consequences...
BTW, Founders attempts to impose those damn fees on
Founders Special, vote NO!!!

Tony
Newsgroups: misc.invest
From: nfs@hart (Norbert Schlenker)
Subject: Re: Beginner questions -- where can we go for help?
Originator: news@nimaster
Organization: Princeton University, Dept. of Computer Science
Date: Fri, 20 Nov 1992 23:09:15 GMT

In article <By19G4.KA2@news.cso.uiuc.edu> cs101a64@eng-nxt04.cso.uiuc.edu (cs101 student) writes:
>In article <BxxJzG.A1r@news.fai.com> flake@flakes.ossi.com (Christopher  
>Flake) writes:
>> It seems my wife and I have money *sitting* in our checking account.

>Do NOT leave your money sitting in a checking account.  Instead, use a  
>MONEY MARKET FUND.  Your checking account pays no more than about 2%  
>interest (maybe even none).

Gee.  Mine pays 2.23%.  Donoghue reported Wednesday that money market
funds averaged 2.74%.  For amounts under $100k, you can consider the
difference an insurance premium and a fee for being able to write
checks of small size.

>Also, it is only as safe as the bank behind  
>it, which may have made risky leveraged buyout loans.

Very true.

>A money market fund  
>can only make loans only to borrowers of top-notch credit quality (like  
>the U.S. government and AAA-rated corporations).

Not the slightest bit true.

>ABSOLUTELY NOBODY has ever lost money in a money market fund  
>during their ENTIRE 20-year history.

Disingenuous.  Let's just say that it was very generous of the fund
managers to bail out their money market funds when they got into
trouble in the 80s.  (Not to worry - it only happened twice.)

I am no great fan of banks myself.  I believe most are utterly
insolvent.  Nevertheless, at a time of low interest rates and low
differentials among alternatives, a checking account is not a terrible
place to have your money.

Norbert
nfs@cs.princeton.edu
Newsgroups: misc.invest
From: philco@microsoft.com (Phillip Cooper)
Subject: Re: Beginner questions -- where can we go for help?
Date: 23 Nov 92 17:23:53 GMT
Organization: Microsoft Corporation

In article <By19G4.KA2@news.cso.uiuc.edu> cs101a64@eng-nxt04.cso.uiuc.edu (cs101 student) writes:
>In article <BxxJzG.A1r@news.fai.com> flake@flakes.ossi.com (Christopher  
>Flake) writes:
>> Hello,
>> 
>> It seems my wife and I have money *sitting* in our checking account.
>> 
>> Neither of us have MBA's and neither of us have the time or desire to
>> study-up on all the ins and outs of investing.
>> 
>> What advise do you have for beginner investors?
>> 
>> Thanks,
>> 
>> 
>> Chris
>> 
>> 
>> 
>Do NOT leave your money sitting in a checking account.  Instead, use a  
>MONEY MARKET FUND.  Your checking account pays no more than about 2%  
>interest (maybe even none).  Also, it is only as safe as the bank behind  
>it, which may have made risky leveraged buyout loans.

Why do you say this??  If anything, your money in a money market fund is
less safe.  It is not FDIC insured.

<text deleted>

>money market  
>funds have relatively competitive yields and can't be beaten by banks for  
>yield or safety.

Again, this is wrong.  Banks are much safer (assuming you keep the total
dollar amount in any one institution under $100,000).  Also, nearly any
bank CD is going to beat a money market fund in terms of yield.
From: gpw@sandman.caltech.edu (Glenn Wyne)
Newsgroups: misc.invest
Subject: Re: Cleartrend Software....files missing?
Date: 16 Nov 1992 17:11:26 GMT
Organization: California Institute of Technology, Pasadena
Distribution: world
NNTP-Posting-Host: sandman.caltech.edu

In article <9211132225.aa18800@Bonnie.ics.uci.edu>, davida@Bonnie.ICS.UCI.EDU (David Andersen) writes:
|> 
|> I just received in the mail a copy of Cleartrend Software Demo Disk.
|> Is there a mistake?  I've got a list of commands to use for the
|> software, yet there is no program (except for a text reader) located
|> on the disk.  What is the purpose of sending me a command list for
|> software that I don't have?
|> 
|> ---------------------------------------------------------------------------
|> David Andersen  | ICON: "A picture or symbol that stands for a word.  Icons
|> UC Irvine       |        are often used in programs for young children who
|>                 |        cannot yet read" -- recently overheard...
|> ---------------------------------------------------------------------------

I apologize for the confusion-- the list of commands I sent out with the
demo diskette was meant to be sent out with the demo of version 1.02 which
I will be sending out in future mailings.  The demo of version 1.02 is more
of a permuted but full-function program instead of a walk-thru without real
control of the program.  My mistake-- I should have waited until I had the
demo of version 1.02 copied and ready before I began stuffing mailing 
envelopes.  *sigh*

-----------------------------------------------------------------------
gpw@antares.caltech.edu    ||    gpw@cco.caltech.edu    ||   Glenn Wyne
-----------------------------------------------------------------------
From: chin@hpcc01.corp.hp.com (Frederick Chin)
Date: Tue, 17 Nov 1992 18:16:58 GMT
Subject: Borland International?
Organization: the HP Corporate notes server
Newsgroups: misc.invest


Borland International's stock is pretty low now.  Anyone have
any idea why?  Also, is it a good buy or not...

Just asking for opinions.

Fred Chin
chin@hpcc01.corp.hp.com

From: daveb@hpgrla.gr.hp.com (Dave Boyd)
Date: Tue, 17 Nov 1992 15:34:54 GMT
Subject: Re: New Asia Fund
Organization: Hewlett-Packard, Greeley, CO
Newsgroups: misc.invest

In misc.invest, chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang) writes:


>T. Rowe Price has a "New Asia Fund" investing in Asia and Pacific Basin
>excluding Japan.

>Is there any other fund investing in the same places?

     World Funds has the Newport Tiger Fund, which invests in seven
Asian countries, including, I think, (This is from memory.) Hong Kong,
Taiwan, Thailand, China, Korea, Singapore, and Malaysia.  Note that
Japan is excluded here also.

     The fund has a front end load, and has averaged about a 20% annual
return for the last 3 years, according to Kiplinger's.

     Dave Boyd
     Hewlett-Packard, Greeley, Colorado
     Standard Disclaimers Apply


Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: Working Assets
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Wed, 18 Nov 1992 19:25:22 GMT

In article <BxvzH2.E4p@taligent.com>, cep@taligent.com (Christophe Pettus) writes:
> 
> In article <4jF=zy=@engin.umich.edu> jxm@engin.umich.edu (John Murray) writes:
> >Does anyone know of another socially responsible money market fund 
> >which they would recommend?  
> 
> I'd check out the prospectus for Dryfuss Third Century; the return is
> reasonable, and the objectives seem good.

I believe Third Century is an equity fund, not a money market fund.  You might
check out the Calvert group.  The whole fund group is supposedly into SRI (tm)
(Socially Responsible Investing).  They do have money maket funds.

  ***  beware controversial opinions follow  ***

Personally, I would put your money where it will earn the most and then if
you want, donate the difference between what it will earn in, say, Vanguard
Money Market Prime, and Working Assets, to your favorite charity.  IMHO,
the failure of an SRI fund to invest in Mean and Nasty Corp has next to no
effect on anybody but the investor.  As long as MNC can continue to make
money hand over fist doing whatever it does, there will be investors lining 
up to buy it.  Proponents of SRI argue that eventually the virtue of "good"
companies will be realized in the market.  The costs of being good should
eventually outweigh the costs of being bad.  Well, maybe that day will come.
Until it does, you will have more positive effect by investing for the highest
return, wherever that may be, and donating your time/money to a worthy
cause.  If it makes YOU feel better to know you are not investing in MNC
and it's ilk, that just dandy, but that doesn't make it a good investment, and
that doesn't mean diddly to MNC either.

BTW - I think SRI makes the least sense in a money market fund.  The
virtues of good corporate behavior are much less likely to affect short term
debt than they are a company's stock price or bond rating.

Being a "social" investor isn't easy.  If you insist on being a purist, you should
probably get a SRI-oriented full service broker and buy individual securities.
A mutual fund has free rein to buy things that might upset you, yes, even an
SRI fund.  For example, are Waste Management, Chemical Waste Management,
and Browning Ferris socially responsible companies or pariahs?  Depends on
who you ask.  Even if you buy individual securities, be prepared to unload
quick if the company makes a mistake or turns out to be not as "good" as you
thought.

-steve p.  (opinions mine, no warranty, standard discalimers)



Newsgroups: misc.invest
From: billj@b11.ingr.com (Bill Johnson)
Subject: Re: Software desired?
Organization: Intergraph Corp. Huntsville, AL
Date: Thu, 19 Nov 1992 18:44:59 GMT

In article <lglccqINN12l@news.bbn.com>, fjh@bbn.com (Frederick J Hirsch) writes:
|> I am trying to do some market research on what people would want/need 
|> for software for doing financial analysis including investments.
|> I am thinking in terms of PCs, palmtops and other machines.
|> 
|> I guess I have two questions. What software do you wish existed, and what is 
|> the best thing you have found for managing investments, doing financial 
|> calculations and the like.
|> 
|> Please send email to fjh@bbn.com. I will attempt to post a summary.
|> 
|> Thanks


For the price you pay (usually around $30), it's hard to beat Quicken 6 or
Quicken 2 for Windows!!

Bill
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Writing options
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Wed, 18 Nov 1992 23:48:28 GMT

In article <1992Nov18.184342.12334@porthos.cc.bellcore.com> keith@iscp.Bellcore.COM (Keith Hawkins) writes:
>In article <1992Nov13.211335.22646@cbnews.cb.att.com>,
>ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>|> In article <sf0xNz70Bwx58D1FB0@transarc.com> Jim_Laredo@transarc.com
>|> writes:
>|> >So say I have 1000 shares of USAir and I want to write call options
>|> >since I believe that even though the stock is going to go up it
>|> >will not do it at a fast pace. So the stock is trading around 13
>|> 1/2
>|> >how do I compute the cost of each option, for which month should
>|> >I write it for? is it worth it to write a smaller block or am
>|> >I just going to pay per contract?
>[SOME STUFF DELETED]
>|> If you truly believe U will not exceed 15 by the expiration
>|> date you select, you might even consider going partially naked.
>|> You could write 15 options, and if the price did go over 15, you
>|> could try to buy back the extra 5 before you suffer any loss.
>
>Could one also put a stop loss order in to buy 500 shares at 15 
>(or above) as a way to cover the "naked" portion of the above
>transaction??  That way when the stock reaches the option strike
>price, the shares needed to cover the extra 5 options are 
>automatically purchased at or near the price level at which
>the option could be exercised.  The cost of this insurance
>is the brokers commision on the purchase.  Is a broker's commission
>on 500 shares too much of a premium for the coverage acheived??
>
>What is this called?  There must be a name for this type of
>hedging??  (As you can tell, I'm a options spectator rather than
>speculator.)

Well, you cannot put in a buy order at 15 when the stock is below 15
because your broker will be obligated to buy at the best price at or
below 15.

However, what you suggest is an order to buy at the first tick
(perhaps the first uptick) after it hits the 15 mark.   I don't
know, is there such an order?   It might make sense here, except the
commissions would indeed be high and help wipe out the commissions.

-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: sbale@netcom.com (Swamy S. Bale)
Subject: Another question
Organization: Swamy's Palace 
Date: Fri, 20 Nov 1992 00:57:20 GMT

Hi,

Yesterday I posted a question regarding IRA. I got enough info on the
subject and thanks to all those who posted or e-mailed.   

Now I have another question on retirement. 

A person( family) can have a decent living standards for $50000/year.
(this is just an assumption). After 30 years, and after adjusting to
inflation, how much do you think that family need per year to 
maintain the same living standards?

Is there any formula for calculating the income needed? Also would like
to know average yearly inflation for the past 30 years.

thanks

Swamy
From: cahuja@twerp.ease.arco.com (Chander Ahuja)
Newsgroups: misc.invest
Subject: Exp. with Hibbard Brown
Date: 19 Nov 92 16:36:34 GMT
Reply-To: cahuja@twerp.ease.arco.com (Chander Ahuja)
Distribution: world
Organization: Atlantic Richfield Company (EASE group), Dallas , TX


Hi,

Does anyone have experience using Hibbard Brown brokerage firm - have they
provided good advice, kept you upto date on happenings etc...am looking
to get involved with them , thought i'd see if anyone had any priors...

Thanks.

-chander
From: James_Conley@NeXT.COM
Newsgroups: misc.invest
Subject: Re: Buying silver
Date: 16 Nov 92 17:04:28 GMT
Reply-To: James_Conley@NeXT.COM

In article <1992Nov4.180820.6297@ferrari.nmc.ed.ray.com> smiles@NMC.ED.RAY.COM  
(Kevin Ruddy) writes:
> And as an aside, what's the difference between an ounce and a troy ounce,
> and when it the latter used?
> Kevin.Ruddy@NMC.ED.RAY.COM

I don't know where you can get them, but a Troy ounce is 1/15th of a solid  
ounce rather than the usual 1/16th.  I'm sure there is some semi-interesting  
reason for this, but I have no idea.
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Inflation Coming? (Gold?)
Organization: AT&T
Date: Mon, 16 Nov 1992 17:19:18 GMT

In article <24560004@hpgnd153.grenoble.hp.com> errol@hpgnd153.grenoble.hp.com (Errol Inan) writes:
>
.......
>
>
>If you still want to play it, go with gold stocks.  Gold stocks are cheap
>(Homestake Mining - $11) so in the short term, you might make some money.  Long
   
Is it the price of the stock that determines whether it is cheap?