HDTenEightyP/NetNews huggingface dataset:
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest
Subject: Re: fat cat investors???
Date: 25 Jul 92 13:02:00 GMT
Distribution: usa

> Huh?  Software consulting illegal?  I better call my attorney...  The only thing
> the IRS did was increase requirements for a "contractor" who was paid by a
> single company to still be considered a "contractor".  I.e. if you look and
> quack like an employee, you're an employee.  If the IRS decides you're
> really an employee they charge you and the company you work for back taxes and
> penalties.  I haven't heard of anyone going to jail over trying to call oneself
> a "contractor".  If you have a "day" job and do consulting on the side, you do
> not have to "prove" anything to the IRS.

yes, the IRS did increase requirements to prove an individual is a contractor.
as I recall (haven't read section 1706 since 1986), but the law said that, in
the case of software/hardware related work, that if there was any other
individual employeed by the company doing the same type work then the contractor
is and employee under the "common law employee rule".

during 1986 I sought advice from several attorneys. the feedback I got was just
to stop contracting. their case was this. "same type of work" can mean anything.
for example, a secretary types at a keyboard and a programmer types at a keyboard.
so... the contracter is doing like work. my response to this was angry disbelief.
to which I was told that if I felt I was right and the system should be changed
I could go to tax court and attempt this.

upon reflection I opted to drop 1099 work. today I operate as an employee of
my own corporation. in other words I operate within the legal bounds of the law.
I don't like doing this, but it appears the best way to give myself maximum
tax benefits and keep those benefits in case I am audited.

there may be other ways to handle this situation. if I hear of a simplier
method of contracting that satisfies section 1706 I'll do it in a heartbeat.
keep us posted on your research and findings.
From: hamachi@adobe.com (Gordon Hamachi)
Newsgroups: misc.invest
Subject: Re: Ca. Real Estate
Date: 23 Jul 92 21:51:21 GMT
Distribution: usa
Organization: Adobe Systems Incorporated

Broward Horne writes
> 
>     And so the age-old Battle of Ca. Real Estate appears to
>     be reaching a conclusion.  Too bad all the optimists have
>     bailed out...  :)
> 
>     Is there any way to *short* property? 

There sure is.  Contact Michael Zimmers and Bill Tuthill.
From: rbeville@tekig5.pen.tek.com (Robert E Beville)
Newsgroups: misc.invest
Subject: MUTUAL FUND performance
Keywords: BARRONs this week
Date: 27 Jul 92 15:18:38 GMT
Distribution: usa


	GOOOOOOOOODDDDDDDDD MMMMOOOOOORRRRRNNNNNIIINNNGGG MISC.INVESTORS
	Hi,  me again... to remind you that this weeks' BARRONs Financial
	Weekly issue,  __________ July 27_____________
	is the quarterly MUTUAL FUND SURVEY edition with all-
	All-ALL!!! the performances figures of the mutual funds
	by the Lipper Analytical Services.

	LIPPER is the database firm that follows the mutual fund industry and
	furnishes _Business Week_, _Inc._, _Forbes_, _Money_, _Sylvia..._,
	etc., etc., with the data they massage into their magazine articles.

	The results of the last quarter, last year, last 5, last 10 yr are
	listed, ranked , and by family grouped(Aggressive, Balanced, Income
	, etc.)   Interviews with the managers of the top funds, their 
	strategies, their favorite stock picks... Articles about what's in
	and what's been... and A thru Z listing of NAV, performances & stats.

	Pick up a copy at Safeway, Embassy Suites lobby, or newsstand, etc.
	 Check if your fund's in the top 100, or if you are a long term
	 investor... in the 5 year or 10 year best funds (and if not, ask
	 why not???)

	that's -OWARI- from GLOWWORM-7-9-4
	best regards, rbeville@tekig5.PEN.TEK.COM
	Bob Beville, Tektronix, Inc., Beaverton, OR 97077

	"An Investment in Knowledge Pays the Best Interest" -- Ben Franklin
From: roh@CS.ColoState.EDU (Lucas Roh)
Newsgroups: misc.invest
Subject: Re: "Flash memory"
Date: 21 Jul 92 18:54:16 GMT
Organization: Colorado State University

In article <1992Jul21.060308.24176@csl.sri.com> jimo@cisco.com (Jim Oneil) writes:
| In article <1426500222@igc.org>, McAldon International Inc. <mcaldon@igc.org> writes:
| |> 
| |> A few days ago, the LA Times quoted a Goldman-Sachs analyst as saying
| |> AMD and Intel were leaders in "flash memory."  Is this true?  And just
| |> what is the future for flash memory?  Is it related to the "bubble
| |> memory" of a few years back?   DMcKenzie
| |> 
| |> |    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
| |> |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |> 
| 
| Flash memory is nothing like the bubble memory hype of the
| past.  It is an advance of the EPROM technology with the
| flexibility of in circuit erasability of EEPROM.  It is 
| cost effective for products of certain types where storage 
| requirements are less than the smallest disk drives.
| 
| Intel and AMD are leaders today.  Others are starting to 
| get interested in making the products.  
| 
| -Jimo

It is interesting to note that flash memory is actually invented by a Japanese
company (I think Sharp), but is now dominated by Intel (which holds something
like 70% of the market).

Lucas
Newsgroups: misc.invest
From: bible@iastate.edu (Anthony E Bible)
Subject: Re: need mortgage payment formula
Organization: Iowa State University, Ames, IA
Date: Wed, 22 Jul 1992 14:18:03 GMT

In article <9788@fs3.cam.nist.gov> straw@cam.nist.gov (Mike_Strawbridge_x3852) writes:
>I have software for calculating mortgage payments and I have the standard
>payment charts, but I would like to know what percentage of each payment
>is principal vs. interest.
>
>Does anyone have a formula or program for calculating this?
>
>Thanks.
>

	Well, if you already know the payment, then:

		interest = rate * principal
		principle reduction = payment - interest

Example:
	$100,000.00 @ 8% for 30 years
	payment = 733.76
1st mo: interest = $100,000.00 * 0.08/12 = $666.67
	princ red = $733.76 - $666.67 = $67.09

I derived the formula for computing the monthly payment on my own so you may
want to take that with a grain of salt :)

	payment = Princ * r*(1+r)^n/[(1+r)^n - 1]

where	r = interest rate per month, e.g., 0.08/12
	n = term of mortgage in months

Regards,
tony
Newsgroups: misc.invest
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: PepsiCo
Reply-To: keith@iscp.Bellcore.COM (Keith Hawkins)
Organization: Bell Communications Research (Bellcore)
Date: Fri, 31 Jul 92 14:39:38 GMT

In article <1992Jul30.173910.18324@draco.macsch.com>,
rot@mickie.id.macsch.com (Rohit Thukral) writes:
|> In article <1992Jul30.154028.29063@usenet.ins.cwru.edu>,
|> aa536@cleveland.Freenet.Edu (Alayne M. Whaley) writes:
|> |> 
|> |> On Tuesday, 7/28, PepsiCo stock went up 1 /14....And, volume was 
|> |> quite heavy it seems.  
|> |> 
|> |> Any idea about the reason for the upturn?  
|> |> 
|> 
|> Some analyst turned in a "buy" recommendation citing good
|> performance
|> in all of PepsiCo's three divisions - soft drinks, snacks and
|> restaurants.
|> 
|> Rohit
|> 
|> -- 
|> #include <StdDisclaimer.h>


Also the quarterly earnings were recently release showing growth
in each of the various divisions.

-keith
Newsgroups: misc.invest
From: hafn@quads.uchicago.edu (Tom Hafner)
Subject: Re: Stock Quotes
Reply-To: hafn@midway.uchicago.edu
Organization: University of Chicago Computing Organizations
Date: Thu, 23 Jul 1992 03:32:01 GMT

>>Try Free Financial Network (212)697-7171  2400-8-1-N or:
>>       "    "         "    (212)697-7763  1200-8-1-N
>>FFN has free commodities, utilities and the last time I heard, had
>>stock prices.

>aAnything similar to this at the West Coast particularly in the
>San Francisco Area?
>

How about in the Midwest, particularly in Chicago or Detroit?

<<<>>><<<>>><<<>>><<<>>>><<<<>>><<<>>><<X>><<<>>><<<>>><<<>>><<<>>><<<>>><<<>>>
Thomas Bengal Hafner		 hafn@quads.uchicago.edu	     Chicago,IL
Newsgroups: misc.invest
From: aa536@cleveland.Freenet.Edu (Alayne M. Whaley)
Subject: PepsiCo
Reply-To: aa536@cleveland.Freenet.Edu (Alayne M. Whaley)
Organization: Case Western Reserve University, Cleveland, OH (USA)
Date: Thu, 30 Jul 92 15:40:28 GMT


On Tuesday, 7/28, PepsiCo stock went up 1 /14....And, volume was 
quite heavy it seems.  

Any idea about the reason for the upturn?  

Thanks...
-- 
Alayne M. Whaley            ! "She's always lived for tomorrow. She's never 
aa536@cleveland.freenet.edu ! learned how to live for today. She's dying to 
ae919@yfn.ysu.edu           ! try something foolish. Something for herself for
----------------------------- a change"-Is There Life Out There-Reba McEntire
Newsgroups: misc.invest
From: GCTHORNE@idbsu.idbsu.edu (The Eternal Pessimist)
Subject:      December Surprise Scenario
Date: Thu, 23 Jul 92 18:50:14 MST
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       Okay, I've been pondering the " December Surprise ".

       Having absolutely no faith in our government to tell me the
   truth,  I leave it to misc.invest to poke holes in this:

    Setup -      The top 10 U.S. banks accounted for around 30%
                 of the money supply a few years ago.  With recent
                 mergers, I feel it might be as much as 50% now.

                 The top 10 U.S. banks also have foreign deposits
                 making up over 50 % of total deposits

                 The recent interest rates have *got* to be
                 driving bank deposits out into something more
                 lucrative

                 CA is facing one of the worst deficit problems
                 ever.  The state government must eventually
                       a) raise taxes
                       b) do cutbacks and layoffs
                       c) both

                 The stock market appears to be ( finally ) analyzing
                 a Clinton presidency, and not liking it much

                 Home Federal was recently taken over.  The biggest
                 loss yet.  Two more CA S&Ls are teetering, both
                 larger than Home Federal.

     Scenario:

          As the election approaches, it becomes obvious that Clinton
    will be elected.  In fear of defense industry layoffs, CA. real
    estate begins to plummet.  The drop takes out two of the biggest
    S&Ls in existence, adding to the drop, and reducing money supply.

    A further drop takes out a major bank.

    Foriegner investors, already moving funds into Europe, panic
    and bring down some ( or all ) of the remaining nine banks.

    Sayonara money supply.

    As an alternate scenario, Bush and Clinton approach the election
    on equal terms.  Clinton wins, creating a rush to dump CA. real
    estate as quickly as possible, versus a gradual dis-investment
    in the first scenario.

     Find fault with it.  Make my day.  :)
Newsgroups: misc.invest
From: ashwin@gatech.edu (Ashwin Ram)
Subject: Re: When to buy a mutual fund shares...
Reply-To: ashwin@cc.gatech.edu (Ashwin Ram)
Organization: Georgia Institute of Technology, College of Computing
Distribution: usa
Date: Mon, 27 Jul 1992 18:38:42 GMT

In article <1992Jul24.183003.15998@lmpsbbs.comm.mot.com> slansky_doug@macn15.rtsg.mot.com writes:
>   In article <BrwCzy.ABz@cs.psu.edu> narayana@psuvax1.cs.psu.edu (Kuram T Narayana) writes:
>   >                     The question is, Is it advisible to buy into a fund
>   >when that fund is in decline! or is it advisible to buy when that fund 
>   >is on the upswing! How does one determine which fund to buy into and
>   >when to buy into?
>   I don't profess to be an expert, but look at it this way.  If you plot the
>   return of most equity funds, they tend to rise one year and fall the next.  The
>   advantage to buying TW Cent. now is that you are buying low, so that you can
>   sell high.  If you are willing to leave that money alone for at least 1-2
>   years, then buying low (while it is on the decline or near the bottom of its
>   historical low) and holding to sell high (presumably) in the next year or two
>   makes sense.  Buying a fund that is up means that you are buying when it is
>   high.  

Does that mean that the "advice" that one has been reading about in Money and
other magazines -- to buy bond funds, which are doing well because of the low
interest rates -- is incorrect?  I tend to agree with you -- I would think
that now is the wrong time to buy bond funds (e.g., GNMA funds) because these
funds will do badly in a year or two from now when interest rates go back up
(which they undoubtedly will).  On the other hand, stock funds are presumably
a good buy now.  By this argument, if I want to build up a "balanced"
portfolio, I should invest my money in stock funds and hold off buying bond
funds until whenever the interest rates up again.

I'm no expert either, so I'd appreciate advice on whether this is a good
strategy.  (The alternative seems to be to just go ahead and buy some of each
type of fund to achieve balance in my portfolio right now, instead of aiming
for balance a year or two from now.)  Thanks.

-- Ashwin (ashwin@cc.gatech.edu).
From: judge@shasta.Eng.Sun.COM (Rupinder Judge)
Newsgroups: misc.invest,sun.invest
Subject: Fidelity Assest Manager
Followup-To: misc.invest
Date: 30 Jul 1992 01:05:58 GMT
Organization: Sun Microsystems Inc., Mountain View, CA
NNTP-Posting-Host: shasta
Keywords: Good/Bad

	I am thinking of rolling over my 401K funds from previous employer
into Fidelity Assest Manager. I would like to know if people have used, and
if it is good or a bad plan for retirement.
							-rupinder
From: shannon@greip.css.gov (Shannon Torrey)
Newsgroups: misc.invest
Subject: Re: California Economy
Date: 27 Jul 92 22:21:56 GMT
Reply-To: shannon@esosun.css.gov (Shannon Torrey)
Organization: Science Applications Int'l Corp.
In-reply-to: bible@iastate.edu (Anthony E Bible)

>I used a U-Haul to move from San Rafael (north of SF) to
>Denver. It cost me $1,400 for the trip. My grandmother left
>LA about two months later in the same size truck and it cost
>her $2,100. I have a friend who moved from Denver to LA (the
>wrong direction) and he rented the same size truck from
>U-Haul. This truck cost him $240!

Last September I needed to rent a 24 ft. truck for a local move.
I attempted to reserve it 3 months in advance since I had a lot of
people relying on my being able to produce the truck on a specific
day and time for a conference. I called around to a lot of places
and the largest size they would let me reserve was 18 ft. Then the
week before I was supposed to pick it up the rental company called me and told me
I could only have a 15 ft. truck. Needless to say I got upset and talked
to as high a manager as I could find.  The truth was that truck rental
companies have been charging 3 to 10 times (or more) as much for trucks
leaving California as for trucks staying in or coming to California
because of demand. They are charging what the market will bear.
It's not so much that they are inundated with one
way requests out, than that it is much more lucrative to rent to people leaving.
In fact, the company I dealt with said they sometimes offered to pay for
part of the gas to get people driving their trucks back into California.
So they could turn them around again for big profits...  What I had run
into was a strong desire to keep large trucks available for any possible
last minute big profit deals. 

And yes, the manager said that in 1991 there had been a strong trend toward
people moving out of California but what else is new.


Shannon Torrey
shannon@esosun.css.gov
Newsgroups: misc.invest
From: slansky_doug@macn15.rtsg.mot.com
Subject: Re: When to buy a mutual fund shares...
Organization: CSG Group
Distribution: usa
Date: Fri, 24 Jul 1992 18:30:03 GMT

In article <BrwCzy.ABz@cs.psu.edu> narayana@psuvax1.cs.psu.edu (Kuram T
Narayana) writes:
>I want to buy into 20th century growth. The NAV of 20th century growth has 
>fallen about 12% this year! On the other hand a similar Magelan fund has
>gone up by about 2%. The question is, Is it advisible to buy into a fund
>when that fund is in decline! or is it advisible to buy when that fund 
>is on the upswing! How does one determine which fund to buy into and
>when to buy into?

Well,

I don't profess to be an expert, but look at it this way.  If you plot the
return of most equity funds, they tend to rise one year and fall the next.  The
advantage to buying TW Cent. now is that you are buying low, so that you can
sell high.  If you are willing to leave that money alone for at least 1-2
years, then buying low (while it is on the decline or near the bottom of its
historical low) and holding to sell high (presumably) in the next year or two
makes sense.  Buying a fund that is up means that you are buying when it is
high.  Now, 2% isn't really up that much, and the fund may have started out
low, so examine each case individually.  If you mail me back and give me the
Fidelity fund name (Magellan??), I will e-mail you a plot of historical returns
for both funds.  Let me emphasize that each fund is an individual case, and
needs to be examined in some detail before buying (or selling!).

Good Luck investing!

Doug.
From: hanrahan@sequent.com (Tom Hanrahan)
Newsgroups: misc.invest
Subject: Re: Inside trading information
Date: 22 Jul 92 22:23:41 GMT
Article-I.D.: sequent.1992Jul22.222341.26988
Organization: Sequent Computer Systems Inc.

In article <1992Jul15.191412.15281@col.hp.com> friedman@col.hp.com (John Friedman) writes:
>un026217@wvnvms.wvnet.edu writes:
>
>Hmm...  I always thought "inside trading information" was illegal...
>

Insider information trading ... is illegal
Insider trading information ... is publically available and is not illegal

The former means trading shares in a company based on information know
only to insiders.  Since this is unfair to the general population,
it's illegal.  The later means information about what trades insiders
are making with their stock.

Insiders are allowed to buy and sell shares of stock in their
companies.  (Otherwise, stock options and grants wouldn't be of much
value to them.)  However, they can only trade stock in their companies
within certain restrictions.  Basically, they can trade when all of
the relevant information they have is publically available.  Many
times you'll find that officers of a company buy or sell shares at the
beginning of a quarter just after the previous quarter's results have
been released.  Theoretically, they don't know how the current quarter
is going yet.

-- 
Tom Hanrahan	           	
hanrahan@sequent.com
Newsgroups: misc.invest
From: hole@cs.UAlberta.CA (Steve Hole)
Subject: Re: Northern Telecom Stocks 
Organization: University of Alberta
Distribution: na
Date: Wed, 22 Jul 1992 15:14:43 GMT

In article <1992Jul21.173902.12400@bnr.ca> linb@bnr.ca writes:
>Does anyone know why NT stock tumbled $3-4 today?
>
>Are there any people following this stock and can provide 
>some comments?

Their 2Q earnings came out worse than expected.  Check the Wednesday
Globe and Mail for details.
Newsgroups: misc.invest
From: georgec@eng.umd.edu (George B. Clark)
Subject: Re: Savings for house (5 years)
Date: Wed, 22 Jul 92 16:17:16 GMT
Organization: University of Maryland

In article <1992Jul22.151949.2790@cc.gatech.edu> barrett@cc.gatech.edu writes:
>I am saving with my wife for the purchase of a home in about 5 years.
>Currentyl, we are putting the following into mutual funds:
>         $100 / month => 20th Cent. Balanced
>         $100 / month => Scudder Intl Bond
>         $100 / month => Savings acct paying 4%
>
>
>My question is, since I want to keep some money in stocks for future
>growth, what are some good funds for Growth & Income or Income stocks?
>
According to my friend's Charles Givens audio tapes, unless you are
a pro, you should never buy individual stocks, but instead should
buy a no-load mutual stock fund diversifying in multiple stocks.

By the way, isn't Scudder's Short Term Bond Fund a better deal than
their Intl Bond fund? Their STB Fund is paying 7.31% APR right now,
plus the shares are appreciating some. I'm using the STB Fund. 

Newsgroups: misc.invest
From: nfs@dynamic (Norbert Schlenker)
Subject: Re: Should the government impose a tax on currency exchange.
Originator: news@ernie.Princeton.EDU
Organization: Princeton University, Dept. of Computer Science
Date: Tue, 21 Jul 1992 03:57:01 GMT

In article <92202.48810.J056600@LMSC5.IS.LMSC.LOCKHEED.COM> J056600@LMSC5.IS.LMSC.LOCKHEED.COM writes:
[numerous attributions, up to five levels deep, deleted]

About six months ago, Citicorp ran big splashy ads in every major
metropolitan newspaper, plus the WSJ, indicating that they would
happily hold your money in various major convertible currencies,
either as savings accounts or as CDs.  Call 800-555-1212 to get
the number (I don't have it any more).

Caveats include large minimum deposits ($25,000 rings a bell, but I
can't promise), no discernible break on the currency conversion (ask
yourself just how well you are going to do if the bank's bid-ask
spread to customers like you, even on large amounts of freely
convertible currencies in whatever form is most convenient to them, is
near 10%), and the fact that Ross Perot is so sure that Citicorp is
insolvent that he is short about $1m worth.

Norbert
nfs@cs.princeton.edu

Newsgroups: misc.invest
From: sinha@watson.bms.com (Anil Sinha)
Subject: Car Bargain ...
News-Software: VAX/VMS VNEWS 1.4-b1  
Keywords:  Car Bargain, telephone
Organization: X
Distribution: usa
Date: Mon, 27 Jul 1992 13:32:00 GMT

Few weeks ago I came across a posting which mentioned Car Bargain (???) 
which provides a service of negotiating the car price. I am afraid I don't seem
get their 800 number. Could some one on the net email their telephone number.

Sorry for the wasted bandwidth.

Thanks in advance.

Anil Sinha
internet: sinha@watson.bmd.com
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest
Subject: Re: Charles Givens
Keywords: Givens,invest,business,tax,real-estate,travel,money,contracting
Date: 25 Jul 92 12:32:00 GMT

In article <1992Jul21.191455.29290@awdprime.austin.ibm.com>, root@sickbay.austin.ibm.com writes:
|> >   1) Financial Library which is an extended version of the books
|> >      "More Wealth Without Risk" and "Financial Defense" in the form
|>        ^^^^^^^^^^^^^^^^^^^^^^^^
|>  Is this like military-intelligence ??? Oh, I know, "wealth without risk"
|>  is like I save a lot of money and put it into CD (paying what 3-4% ?)
|>  and maybe when I am ONLY 85 years old I will be a wealthy person ??
|> >------- Share the Wealth
|>    Oh, this is a good one... find a real rich person and ask for a very 
|>    long term loan..no interst and no collateral, like a gift maybe, yeah
|>    that's the ticket..    ;-)
|> >------- Tax Defense
|>     Too, funny even without comment. But I guess it is like don't make any 
|>    money (thru Givens) and pay no taxes...
|> >------- Travel Executive
|>     Yeah, I go to Zug, Switzerland and there I pay <15% flat tax rate.
|>     (on my first million, when I turn 85..    :-))
|> >                       45-DAY CONDITIONAL GUARANTEE
|>  The condition is I guess that I have to be un-conditionally brain-damaged to 
|>  buy this crap, yeh ??
|>  Give us a break, ANYONE who buys stuff like wealth without risk deserves
|>  it. It is a bloody tell-tale.  

this posting was made simply as information, mainly to accurately describe
some of the Givens products/services discussed in several news groups... and
I agree with you 100%... "ANYONE who buys this stuff ... deserves it."
Newsgroups: misc.invest