HDTenEightyP/NetNews huggingface dataset:
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: How to Protect Capital Gains?
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Fri, 20 Nov 1992 21:38:58 GMT

In article <By18nn.Jv8@news.cso.uiuc.edu>, cs101a64@eng-nxt04.cso.uiuc.edu (cs101 student) writes:
|> In article <1992Nov20.152817.28330@netcom.com> girisha@netcom.com (Girish  
|> Andalkar) writes:
|> > For a change I will have a good deal of Capital Gains for this
|> > year.  I prefer to take the gains in next year for tax purposes.
|> > What are the workable sceams, solutions that "gaurentee" that
|> > the paper profits do not evaporate.  Please elaborate in detail
|> > the pros and cons.
|> > 
|> > I am aware (very little) of "Selling Short" what you own to make
|> > sure that the gains do not disappear.  But I do not want to loose
|> > (greedy) further appreciation that is likely.  Also, if I sell
|> > it short now, the money I will get now, will have to be 
|> > accounted for somehow for taxes.  As you can see, I am all confused.
|> > 
|> > I am willing to spend little money if "Options" is a workable
|> > alternative.  Again, I do not know much about options.
|> > 
|> > Please help.  I am sure many of our friends have similar problems.
|> > 
|> > Thanks in advance.
|> > 
|> > GIrish
|> >  
|> If you made money, don't worry so much about taxes.  The techniques you  
|> mention are called hedging.  Hedging is complicated and costs money in  
|> commissions (also, options expire worthless after a certain period of  
|> time).  Just place a sell order to your broker.  I would rather just take  
|> my capital gains and run if I believe my stock will drop.


Your answer seems rather naive on two points:

1) Hedging is not so complicated.  Selling short to protect the capital gains
requires only one phone call to your broker to open the short position, and
one phone call next year to close out the short position and the original stock

2) "Don't worry about taxes".  From this I infer you have not made a lot of
money in stocks, and/or have never paid a lot of taxes.  If Girish is, for
example, in a 33% tax bracket this year and will be in a 15% bracket next
year, he could save hundreds or thousands of dollars by deferring the capital
gains if he has a large profit.


Eric Peterson
Newsgroups: misc.invest,misc.kids,misc.taxes
From: lcheap@cac.washington.edu (Laurel Cheap )
Subject: Re: Savings Bonds for College
Organization: UW Computing
Distribution: usa
Date: Fri, 20 Nov 1992 20:58:59 GMT

In article <harvey.722208572@taupe>, harvey@rtsg.mot.com (Anne M. Harvey) writes:
> 
> I am considering purchasing U.S. Savings Bonds as part of a plan to save for
> my 1 yr. old daughter's college expenses.  I am unsure of whether I should
> purchase the bonds in my name or in my child's name.  I would appreciate any
> explanation of the advantages and disadvantages of either choice.

You may want to check with your bank on this but it's my understanding that if
you put the money in the child's name they get it at some point (certain age?)
regardless of what you have to say about it.  So if the child (God forbid) turns
out to be some drug-dealing loser, you can't keep the money from them.  Or if
they decide not to go to college, you may not have a say in what the money is
spent on.

Also, I've heard that it's better to put the college savings into paying off
your house (if you have one) rather than into savings since the equity in your
house doesn't show up in financial aid calculations but savings does.  And you
can then borrow against the equity in your house to pay for college.  We haven't
tried this but just heard that it's a better option.

Good luck,
Laurel
-------------------------------------------------------------------------
Laurel Cheap           University of Washington   lcheap@u.washington.edu
Information Systems    Seattle, Washington  USA   a.k.a. Brendan's mommy
-------------------------------------------------------------------------
Newsgroups: misc.invest
From: brownr@hydra.rtp.dg.com (Randy Brown)
Subject:  Historical numbers available?
Date: Wed, 18 Nov 92 19:08:22 GMT
Organization: DG-RTP Graphics Group


Does anyone have the numbers (or know where I should look)
for historical US equity fund returns and average annual inflation?

I have written a "401(k)" program, and can plug in annual inflation and 
annual return for the fund, and determine the outcome after the specified 
number of years, adjusting for annual pay increases, starting salary, and a 
consistent gross percentage contribution.  Just for fun of course.

I would like to know what the historical annual inflation average is
and what the S&P 500 equity fund and balanced fund historical annual
average return is, so I can be more confident in my numbers.  I'd like
20 year numbers (if S&P tracks that far), or at least 15, to avoid just
82 and 87 messing things up.

I know past performance does not guarantee future results. ;-)

Thanks.  If this is too much of a hassle a simple pointer to literature 
would be appreciated.

Randy
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: December wash sale effect
Date: 21 Nov 92 17:37:42 GMT
	<1992Nov18.174646.9443@src.honeywell.com>
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

If you think the stock may go up, why don't you buy an equal amount of
shares and then 31 days later, sell the first batch. Then you can lock
in any rise and still take a capital gains loss.
Newsgroups: misc.invest
From: cw7821@csc.albany.edu (WANG CHEN-SHENG)
Subject: RE : STOCK OPTION SYMBOL
Organization: State University of New York at Albany
Distribution: misc.invest
Date: 21 Nov 92 05:52:02

FYI.  Folllowing is the expiration month codes and striking price code in
the option symbol.

Month    call/put    Month     call/put   Month    call/put
January   A/M        February   B/N       March     C/O
April     D/P        May        E/Q       June      F/R
July      G/S        August     H/T       September I/U
October   J/V        November   K/W       December  L/X

striking price  code      striking price   code   striking price  code
 5 + 100*I       A         55 + 100*I       K       7 1/2          U
10 + 100*I       B         60 + 100*I       L      12 1/2          V
15 + 100*I       C         65 + 100*I       M      17 1/2          W
20 + 100*I       D         70 + 100*I       N      22 1/2          X
25 + 100*I       E         75 + 100*I       O    
30 + 100*I       F         80 + 100*I       P     I = 0, 1, 2, 4, 5 .....
35 + 100*I       G         85 + 100*I       Q
40 + 100*I       H         90 + 100*I       R
45 + 100*I       I         95 + 100*I       S
50 + 100*I       J        100 + 100*I       T

In general, the option symbol = stock symbol + expiration code + striking code,
where stock symbol has 3 characters.  Hence, for NYSE and AMEX's stocks,
stock symbol is adopted.  However, for OTC stocks, stock symbol has 4 or 5
characters.  Therefore, a specific underlying stock symbol is used in option
symbol.  For example, Amergen's stock symbol is AMGN but ,for option symbol,
AMQ will be used.

Hope this will help

Rex
-- 
--------------------------------------------------------------------------
Rex Wang                      Department of Computer Science
cw7821@eve.albany.edu         State University of New York at Albany
disclaimer : all opinions expressed are mine.  All mine
Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: re: How to Protect Capital Gains?
Date: Fri, 20 Nov 1992 16:43:45 GMT

In article <1992Nov20.152817.28330@netcom.com> girisha@netcom.com (Girish Andalkar) writes:
>For a change I will have a good deal of Capital Gains for this
>year.  I prefer to take the gains in next year for tax purposes.
>What are the workable sceams, solutions that "gaurentee" that
>the paper profits do not evaporate.  Please elaborate in detail
>the pros and cons.
>
>I am aware (very little) of "Selling Short" what you own to make
>sure that the gains do not disappear.  But I do not want to loose
>(greedy) further appreciation that is likely.  Also, if I sell
>it short now, the money I will get now, will have to be 
>accounted for somehow for taxes.  As you can see, I am all confused.
>
>I am willing to spend little money if "Options" is a workable
>alternative.  Again, I do not know much about options.
>
>Please help.  I am sure many of our friends have similar problems.
>
>Thanks in advance.
>
>GIrish
> 

Presuming your capital gains are on individual stocks you have at
least three choices:
 
1) Short selling stock that can be covered by stock you already
   own. You realize a profit now and retain your stock. If the 
   stocks go down your potential profit on the short-sale increases
   as your capital gain on the retained stock decreases. If you
   have the choice of buying stock on margin, you may be able to
   short sell more stock than you own and incur the increased risk
   and increased current-year profit. This is not a tax-avoidance
   choice.

2) Similarly, you can write covered calls for the quantity of stock
   you own. If the stock goes down your options won't be called and
   you keep the premium. If the stock goes up you may be called before
   the end of the year and not avoid capital gains taxes this year.

3) You could buy puts. You can't get called on the options and you
   don't realize any profit this year from the transaction. You
   lock in the sale price even if the stock goes down. If the stock
   goes up, you could sell the put options at a loss or you could
   let them expire worthless. If you don't want to loose much on
   the put options and you don't think the stock will go up too
   much in the next two months then you could buy puts in the money
   at a strike price six months out (April/May). With the stock
   price staying the same time-value will have little impact and
   intrinsic value will remain constant, you might loose 10% to time
   plus commissions.

good luck

barry

Newsgroups: misc.invest
From: ebr5415@ritvax.isc.rit.edu
Subject: PRICE QUOTES
Reply-To: ebr5415@ritvax.isc.rit.edu
Organization: Rochester Institute of Technology
Date: Fri, 20 Nov 1992 04:57:22 GMT

 I WAS WONDERING IF ANYONE KNOWS OF A CHEAP SOURCE OF A HISTORY OF PRICE 
QUOTES  FOR THE INDIVIDUAL STOCKS IN THE DOW INDUSTRIALS AS A DATA FILE.
ANY INFORMATION  WOULD BE APPRECIATED.  THANKS.  ERIC.
Newsgroups: misc.invest
From: jxm@engin.umich.edu (John Murray)
Subject: Working Assets
Date: Tue, 17 Nov 92 19:22:26 EST
Organization: University of Michigan Engineering, Ann Arbor
 

I recently received several calls from a telemarketer encouraging me
to sign up for the Working Assets long-distance phone service. Since 
telemarketing doesn't seem to me to be a socially responsible way to do 
business, I've decided to close my account and move my money elsewhere.
 
Does anyone know of another socially responsible money market fund 
which they would recommend?  
 
Thanks, 

John Murray
Univ. of Michigan
From: dlaird@terapin.com (Delbert Laird)
Newsgroups: misc.invest
Subject: Re: misc.invest FAQ on general investment topics
Date: 16 Nov 92 16:26:18 PST
Organization: BBS

NAIC
National Association of Investors Corp.
1515 East Eleven Mile Road
Royal Oak, MI 48067
1-313-543-0612

The NAIC is a nonprofit organization operated by and for the benefit of memeber
clubs.  The Association has been in existence since the 1950's
and has around 110,000 members.

Membership costs $32.00 per year for an individual or $30 for a club (more on
that later) and $9.00 per each club member.  The membership provides the member
with a monthly newsletter, details of your membership and information
on how to start a investment club, how to analyze stocks and how to keep
records.
 
In addition to the information provided, NAIC operates "Low-Cost Investment
Plan", which allows members to invest in participating companies such as
Disney, Kellogg, McDonald's, Mobil and Quaker Oats...Most don't incur a
commission although some have a nominal fee ($3-$5).
 
Of the 500 clubs surveyed in 1989, the average club had a compound annual
growth rate of 10.8% compared with 10.6% for the S&P 500 stock index...It's
average portfolio was worth $66,755.

Del

dlaird@terapin.com
Newsgroups: misc.invest
From: jcarroll@bach.udel.edu (Royal J Carroll)
Subject: Re: Buying just one share - FAQ
Organization: University of Delaware
Date: Fri, 20 Nov 1992 04:31:55 GMT

In article <1992Nov16.175306.23044@ryn.mro4.dec.com> murphy@rock.enet.dec.com () writes:
>
>The latest Money Magazine has posted a good answer to this FAQ.  A.G. Edwards
>has a special commission rate for purchases of single shares.  A flat 16% of the
>share price, or about $6 for Disney.  This will get you into the DRIP without 
>too much pain.  Call your local AG Edwards broker for details.
>
>Murph

Dean Witter's commission schedule has a minimum of $50 or 10%, which
ever is lower.  Thus you will save 6% over A.G. Edwards.  (Unless you
are buying a share that is priced over $500; then you'll be saving over
6%!  :-) )


-- 
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
But if some one really cared/well they'd take the time to spare
A moment to try and understand/another one's despair
-Axl Rose, "Breakdown"-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=jcarroll@brahms.udel.edu-
Newsgroups: misc.invest
From: ae557@yfn.ysu.edu (Ken Meinken)
Subject: Dean Witter brokerage
Organization: Youngstown State University/Youngstown Free-Net
Date: Mon, 23 Nov 1992 12:47:22 GMT


Someone on the net the other day suggested that Dean Witter had
a low fee schedule for single share purchases that would be good
for initial investments for a DRIP.  (I don't have the posti
handy, but thanks to the originator.)

I walked over to their office and told the receptionist that
I would like some information on setting up an account and
would like a fee schedule.  She told me that they don't have
anything written up and that fees varied depending on what
you bought.  I said "yes, that's why I'd like a fee schedule".
"Well, we don't have one." was her response.

I find this all hard to believe.  Was this receptionist 
just totally incompetent, or was she correct and Dean Witter
is just anti-customer?   

thanks,
Ken
Newsgroups: misc.invest
From: butsch@aplcenmp.apl.jhu.edu (HO Butschky michael t (3101)497-2639)
Subject: S&P 500 Info Wanted
Organization: Johns Hopkins Continuing Professional Programs
Date: Sat, 21 Nov 1992 04:44:53 GMT


Would anyone out there have the mean percentage gain and standard deviation
of the percentage gain for the S&P 500 for around the last twenty years as
calculated on a weekly (or daily) basis?  Alternatively, would you have the
weekly closes for the past twenty years (or know where I can get them in soft-
copy for cheap)?  I'm working on a small statistical timing system for
improving my dollar cost averaging results.  Please respond via email as I 
don't often have a chance to read this list.

Thanks in advance.
Newsgroups: misc.invest
Subject: Re: Fod Lion
From: girisha@netcom.com (Girish Andalkar)
Subject: How to Protect Capital Gains?
Keywords: Taxes, Stop Loss, Options
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Distribution: usa
Date: Fri, 20 Nov 1992 15:28:17 GMT

For a change I will have a good deal of Capital Gains for this
year.  I prefer to take the gains in next year for tax purposes.
What are the workable sceams, solutions that "gaurentee" that
the paper profits do not evaporate.  Please elaborate in detail
the pros and cons.

I am aware (very little) of "Selling Short" what you own to make
sure that the gains do not disappear.  But I do not want to loose
(greedy) further appreciation that is likely.  Also, if I sell
it short now, the money I will get now, will have to be 
accounted for somehow for taxes.  As you can see, I am all confused.

I am willing to spend little money if "Options" is a workable
alternative.  Again, I do not know much about options.

Please help.  I am sure many of our friends have similar problems.

Thanks in advance.

GIrish
 
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Exp. with Hibbard Brown
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Mon, 23 Nov 1992 20:03:26 GMT

In article <1992Nov22.194034.890@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
|> In article <38731@twerp.ease.arco.com> cahuja@twerp.ease.arco.com (Chander Ahuja) writes:
|> >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...
|> 
|> 
|> Advice?  Avoid them at all costs.   If they call hang up.  If they
|> want to talk, hang up.


Personally, I like to talk to these brokers!  I just copy down their name, number,
and Hot stock tip.  Then I watch the stock in the newspaper.  After a few months,
when it drops 50% in value, I call them back and let them know what I think about
their great stock-picking abilities!


***********************************************
Eric Peterson
e-mail:  etpeters@drsol1.dal.mobil.com
phone:  (214) 951-3251 
 
--  The sooner you fall behind,
           the more time you'll have to catch up! 
***********************************************
From: 13501TMC@MSU (Tim Casey)
Newsgroups: misc.invest
Subject: Re: DELL Computers
Date: 18 Nov 92 14:56:48 GMT
Organization: Michigan State University


     That market is very competetive. Look into chip manufacutures or LAN
companies.

caseytim@student.msu.edu
------------------------- Original Article -------------------------
Newsgroups: misc.invest
From: jpau@oracle.com (Jeffrey Pau)
Subject: DELL Computers
Organization: Oracle Corp
Date: Mon, 9 Nov 1992 23:10:31 GMT
X-Disclaimer: This message was written by an unauthenticated user
              at Oracle Corporation.  The opinions expressed are those
              of the user and not necessarily those of Oracle.

Any opinion (buy, sell, or hold)?

Thanks,
From: 6500amd@ucsbuxa.ucsb.edu (Amitav Das)
Newsgroups: misc.invest
Subject: capital loss/gain and tax laws..
Keywords: wash sale, loss/gain
Date: 21 Nov 92 00:02:16 GMT
Distribution: misc.tax



I am a new investor and trying to find out about the tax
laws related capital loss/gain. Here are my questions:

1. How do you compute capital loss/gain if you have done
   transactions (buy&sell same item) of a) stocks, b)
   Mutual Funds? Please give examples.

2. What is the last date that you can sell to show it as
   a loss/gain?

3. What is short term/long term gain/loss?

4. What is "wash sale"?

5. If you sell lets say IBM today and get some loss of
   $X can you buy IBM (same or more quantity) tomorrow
   and still show it as a loss for 1992? What are the
   constraints/limits as far as days you've to wait, etc?

6. What are the tax forms (additional) and publications
   you need to do this sort of filing?

7. How much Dividend Reinvestment complicate this affair?

Please reply to das%kane@ece.ucsb.edu

Perhaps we can make it as an item called "Capital Loss/Gain
and the IRS rules" in the FAQ being composed by Christofer Lott.

Thanks in advance.....

...Amitav Das.
   UC-Santa Barbara.


Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: Re: Writing options
Date: Thu, 19 Nov 1992 22:49:02 GMT

In article <1992Nov19.213946.5666@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>In article <q6y1xla@rpi.edu> floydb@rpi.edu writes:
>>Anyone regularly writing out-of-the money put or call spreads?
>>(1 put at X strike price Y expiration and 1 call at same X & Y)
>>

stuff deleted

>Which is good because I had written:
>
>  LTD Nov 25 puts
>  LTD Nov 30 call

stuff deleted


>Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus


Thanks, Art, for the example, though I thought 'spreads' were
same strike price and expiration, or is that straddle? 

barry

Newsgroups: misc.invest
From: tim@ssd.intel.com (Tim Gates)
Subject: Re: Thinking of investing in Novel
Organization: Supercomputer Systems Division (SSD), Intel
Distribution: usa
Date: Wed, 18 Nov 1992 18:52:11 GMT
Expires: Tue, 1 Dec 1992 08:00:00 GMT

In article <MERRITT.92Nov18120021@macro.bu.edu> merritt@macro.bu.edu (Sean Merritt) writes:
>
>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.
>
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?

tim@ssd.intel.com
Newsgroups: misc.invest
From: ed@odi.com (Ed Schwalenberg)
Subject: Re: 10 Highest Yielding Dow Stocks
Organization: Object Design, Inc.
Date: Fri, 20 Nov 92 15:15:20 GMT

In article <Bxzo2u.487@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
  Buying and holding is a relative term.
  Almost everyone buys and holds their stocks for at least 1 second.

  Almost no-one buys and holds their stock for 100 years.

  When people recommend buy and hold, what they are
  usually recommending is to buy and hold for at least
  6 months to a year.

It has always appeared to me that buy-and-hold means holding for about
half of a market cycle (i.e., on the order of 2-5 years), if you're
talking about it as a strategy.  Perhaps my understand is biased by
the fact that I prefer fundamentalist, low-P/E, low-turnover investment
styles.

When people like Hulbert use the term to compare investment results
of differing strategies, they always explicitly state the beginning
and end of the holding period.
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Newsgroups: misc.invest
Subject: Re: Working Assets
Date: 19 Nov 92 00:21:27 GMT
Organization: TRW, INC.

In article <1992Nov18.192522.16924@tandem.com> pearson_steven@tandem.com (Steven R. Pearson) writes:

>Proponents of SRI argue that eventually the virtue of "good"
>companies will be realized in the market.  

I disagree.  I think the argument goes more like this:

Examine the set of all stocks and look for companies that seem
appropriate for investment on either a fundamental basis, technical
basis, or some combination of the two.  Then you apply the "socially
resposible" filter to that list and invest in those that pass.  This is
what the "Clean Yield" newsletter said they were doing when they were
interviewed by Buz Schwartz.  As best as I remember, their first pass
would generate about 500 companies, and the filter would pare it down to
50 or so.

Usual disclaimers and I'm not advocating SRI.

-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: pitt@cs.uiuc.edu (Lenny Pitt)
Subject: Fidelity Insight?
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: misc
Date: Mon, 23 Nov 1992 23:11:43 GMT

Do any of you Fidelity investors out there subscribe to the
independent newsletter "Fidelity Insight" put out by an ex-Fidelity employee? 
It suggests when and where to switch funds (within Fidelity), and has
several suggested portfolios consisting of a small number of funds.

Have you followed the advice?  Is it worth the subscription fee?
 
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Stock Option symbols 
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Sat, 21 Nov 1992 21:26:09 GMT

In article <1992Nov19.164217.7180@intrepid.com> gary@intrepid.com (Gary Funck) writes:
>Call 1-800-OPTIONS (the CBOE) and ask for their "Directory of Listed
>Options".  Also, ask for their nifty little calendar that shows
>expiration dates and gives a crib sheet for coming up with the
>proper options symbol, once you have the "root symbol" listed in
>the directory.

Good advice.

Just in passing: while the CBOE is by far the largest options
exchange, options are also traded on other exchanges.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus