HDTenEightyP/NetNews huggingface dataset:
From: vwp@cbnewsk.cb.att.com (mark.a.skala)
Subject: Re: Advice on refinancing wanted
Reply-To: vwp@cbnewsk.att.com
Organization: AT&T Network Systems
Distribution: usa
Date: Fri, 13 Nov 1992 16:25:06 GMT

In article <1992Nov12.201348.28048@ucsu.Colorado.EDU> rainer@spot.Colorado.EDU (Rainer Malzbender) writes:
>
>If you have only four years left on the loan you might want to look into
>an ARM, especially if you might make additional payments to shorten that
>time even further. We're looking at moving in less than a year, and even
>in that case an ARM still saves us money. The quote I got around here was
>4.9% 0+1. With a 2% yearly cap you're looking at a worst-case scenario
>of 4.9 the first year, 6.9 the second, 8.9 the third, and 10.9 thereafter
>(this one had a 6% lifetime cap), so I suspect something like this would
>save you a ton of money.
>
>-- 
>Rainer M. Malzbender      I met this guy, and he looked like he might have been
>Fyzzicks                  a hat check clerk at an ice rink. Which in fact he
>CU Boulder                turned out to be. And I said "Oh boy, right again".

Maybe I'm missing something, but somebody who only has 4 years left on a 20
or 30 year mortgage shouldn't care much what the interest rate is.  He's
already paid most of it, since the monthly payments reduce principal by
very little until near the end of the loan.  Either pay it off entirely, or
continue to make monthly payments (which are now mostly principal), but
don't blow money on refinancing it so you can pay interest all over again.

Mark A. Skala                            "Please conserve paper; write on
vwp@cbnewsk.att.com                       all six sides before recycling."
Newsgroups: misc.invest
From: O10037@waccvm.corp.mot.com (Ray Hoff)
Subject: Re: Offset 401(k) Rollover Withholding
Organization: Motorola
Date: 12 Nov 1992 10:47:59 MST

|> >>How about this.  If you know you are going to be getting shafted by the
|> >>new rule, change your W-4 to claim MANY allowances (like 40 or something).
|> >
|> >That's a no-no.  When you sign your W-4, you are signing that you
|> >believe (and have a rational basis for) the number of allowances you
|> >are claiming.
|>
|> But you _do_ have a rational basis for the number you are claiming, and
|> the IRS cannot force you to be overwithheld, even if they would like to.
|> Dave Dodson		                             dodson@convex.COM

>>I do not believe there are any restrictions on the number of allowances
>>that you may claim.  I've adjusted mine up or down many times in
>>the past in order to make my Federal taxes correct come April 15th
>>(not too much or too little withheld).  If you claim a huge amount,
>>the IRS may feel like they have to check it out, but I agree with Dave,
>>I don't think they can force you to claim < X allowances.

>>Steve Watson

According to something I read awhile back if you claim 11 or more
allowances the IRS will ask you to justify them.  If you don't respond
in a certain period of time the IRS will then instruct you employer to
withhold for only one allowance until they get some sort of just-
ification.

Ray Hoff
From: kyang@atlas.nafb.trw.com
Newsgroups: misc.invest
Subject: Re: The TICk
Date: 6 Nov 92 18:47:21 GMT
Article-I.D.: atlas.1571.2afa4d39


In article <1992Nov6.173926.10399@pbhya.PacBell.COM>, drhall1@pbhya.PacBell.COM (Doug R. Hall) writes:
> In article <1992Nov6.093518.1668@guvax.acc.georgetown.edu> silverman@guvax.acc.georgetown.edu writes:
>>In article <1992Oct30.230325.14089@ntmtv>, janet@ntmtv.bnr.ca (Janet Jakstys) writes:
>>> Hi Investors,
>>> 
>>> I am just starting to get interested in investing and in the stock
>>> market.  So much terminology to learn...
>>> 
>>> Here's my question...
>>> What is "THE TIC?"
>>
>>  Now, Denny Silverman responds:
>>
>>  From Silverman@guvax.georgetown.edu
>>
>>  Janet, 
>>
>>  The tick is a way of measuring immediate moves in stocks.  The tick
>>  is defined as the number of stocks on the NYSE whose last trade 
>>happened at a price higher than the previous trade, minus the number 
>>of stocks whose last trade happened at a price lower than the previous 
>>trade.  So if you read that the closing tick was +134 that means that 
>>134 more stocks traded higher than their previous trade at the closing
>>bell than stocks trading lower than their previous trade.  It's a lot 
>>like the advance - decline line, except that the A - D line calculates
>>the number of stocks whose last trade happened at a price higher than 
>>their opening price minus the number whose last trade happened at a 
>>price lower than the opening price.  I hope that makes sense.  It 
>>really is just a way of measuring how the overall market is doing.  
>>The advance - decline line tells you if the market is moving up over 
>>the course of the whole day, while the Tick tells you if the overall 
>>market is moving up at that moment in time.  By the way, an uptick 
>>means that a stock's last trade is above the price of its previous 
>>trade.
> 
> I am confused. First you say the "tick tells you if the overall market is
> moving up" and then you say in the last sentence that the "uptick means that a
> stock's last trade is above the price of its previous trade." 
> 
> So is the tick a measurement of the entire market or just one stock?
> Is uptick different from tick?
>
   From Barron's Fianance and Investment Handbook, tick is defined as the upward
or downward price movement in a security's trades. Technical analysts watch the
tick of a stock's successive up or down moves to get a feel of the stock's 
trend. A uptick represents a transaction executed at a price higher than the 
preceding transaction in that security. 
Newsgroups: misc.invest
Subject: Re: How problematic is an RTC takeover?
From: gary@cdthq.UUCP (Gary Heston)
Date: Sat, 07 Nov 92 17:47:01 CST
Organization: Garys' Home for Obsolete Computers

retrac@vesuvius.cs.rice.edu (John Carter) writes:

> Gary Heston writes:
> >John Cooper writes:
> >
> >> I have a passbook savings account, a CD, and a safe deposit box in a local
> >> which I had thought was doing o.k. -- but yesterday it got seized by the
> >> Resolution Trust Corporation (RTC).  For the time being its operations wil
> >> be the same other than management.  But eventually, if our S&L can't manag
> >> to merge with a healthier institution, the RTC might dissolve it and then,
> >> allegedly, our money and box contents will be returned to us.
> >
> >What the hell are they doing holding your safe deposit box? It has 
> >nothing whatsoever to do with the operations or liquidity of the S&L.
> 
> C'mon Gary, get a clue.  John said that "if the RTC dissolves the S&L, our
> money and box contents will be returned to us."  Would you have preferred
> "if the RTC dissolves the S&L, our money and box contents will NOT be
> returned to us"?  :-)

The phrase "will be returned" indicated to me it's being held or 
restricted in some way. "Will be required to empty our box" certainly
would not. The S&L is not a trustee nor has any claim in the contents
of a persons' safe deposit box (I used to work at a S&L, many years
ago. Neither of my mortgages has been from one, partly due to my
opinion of the operation and conduct of the officers.)

> Nowhere in his message did John say his safe deposit box was being held
> hostage and was currently unavailable, as you seem to have concluded.  He
> merely said that if the S&L goes under, they will return the contents of
> their safe deposit boxes.  This happened at an S&L that I used to use when
> the RTC chose to liquidate it.  The entire process was basically painless,
> although it could've stung somebody with tremendous cash flow needs who
> couldn't handle a few (one or two) days worth of illiquidity.

I interpreted it differently from you, obviously; he did include both
account(s) and box in the same statement, which I read as implying 
some restraint or hold of some kind, similar to those on the account,
being placed on the box. I haven't had occasion to have a financial
institution (good phrase there, several meanings that can apply :-) )
liquidated out from under me yet, although one has been taken over.

When one has items in a box and needs them, it can be very expensive
if they're rendered unavailable for any reason. Like a tax audit,
for example, when your records are in your box...

Gary Heston, at home....
gary@cdthq.uucp
From: nyp00@cd.amdahl.com (Nicholas Y. Pang)
Newsgroups: misc.invest
Subject: Re: Investing Quickly
Keywords: mututal funds
Date: 12 Nov 92 20:26:26 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

In article <1992Nov12.172224.2749@eng.umd.edu>, georgec@eng.umd.edu
(George B. Clark) writes:
|> It can easily take over two weeks to establish a new account with a
|> mutual fund familiy. First, you request an application form. A week
|> later, you get it in the mail. Then it takes several more days
|> before
|> the account is actually opened, and shares are bought.
 
I have a Schwab One Account for the exact reason.

Note that Schwab has over 80 funds (and the list is growing) that you can
purchase with NO TRANSACTION FEES (NTF). This include INVESCO (Finl Progs).
Jack White also has a similar setup. Call them for a list and RESTRICTIONS
(e.g. 4 trades a year for NTF funds).

I have been slowly moving my No-Load Mutual Funds to my Schwab Acct.
Single statement, single phone number, almost every no-load fund available
(some with no fee; others with a minimal fees @ $30 for $5000 investment),
and instant transaction (end of the day) versus weeks.
 
-- 
Nicholas Pang         nyp00@cd.amdahl.com       
Amdahl Corporation    nyp00@outs.ccc.amdahl.com 
Newsgroups: misc.invest,misc.invest.real-estate
From: chet@spock.retix.com (Chet Mazur)
Subject: Re: Advice on refinancing wanted
Organization: Retix, Santa Monica
Distribution: usa
Date: Fri, 13 Nov 1992 23:29:25 GMT

PMI maybe discharged after reaching the 80% LTV....depends on the lender...
--

Chet Mazur (chet-mazur@retix.com)

-- 

Chet Mazur (chet-mazur@retix.com)

Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: Inheritance forthcoming...advice sought
Keywords: Loop Holes
Organization: Taligent, a little subsidiary of two really big companies.
Distribution: misc.invest
Date: Fri, 13 Nov 1992 23:44:59 GMT

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?

Don't sweat it.  The first $600,000 of an estate is passed on tax-free.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
Newsgroups: misc.invest
From: antonio@qualcomm.com (Franklin Antonio)
Subject: CHINA - closed end funds - information
Organization: Qualcomm, Inc., San Diego, CA
Date: Tue, 10 Nov 1992 17:32:06 GMT


I posted a question a few weeks ago asking for phone numbers of the
three new closed-end funds investing in China.  I got a large number
of responses, but most were from folks requesting that I distribute
the info when i received it.  (The rest were from kind souls explaining
to me that it might be risky to invest in China.)  So, assuming there is 
some interest, here's the info...
                      
		      Symbol    Info ph#
Greater China Fund      GCH     800-852-4750
China Fund              CHN     212-667-6000
Jardine Fleming China   JFC     800-638-8540

These are all new.  Started in July.  You can get a prospectus by
calling the numbers shown above.  

Disclaimer:  This is not a recommendation.  Just info.

Newsgroups: misc.invest
From: gene@lgc.com (Gene Lege')
Subject: Re: 401(k) Rollover Advice
Keywords: rollover, 401(k), retirement
Organization: Landmark Graphics Corporation   Houston, Texas
Date: Thu, 5 Nov 1992 15:05:12 GMT

In article <prspool.720888204@terra> prspool@siemens.com. (Peter Spool) writes:
>The MOST IMPORTANT thing to do, is to arrange a DIRECT TRANSFER of your 401(k)
>funds from your previous employer, to your new employer, or to your IRA account.

>(1) Taxes are due on the 401(k), plus a 10% penalty for early withdrawal,
>    and these will be removed BEFORE the check is written.
>
The withholding is the standard flat 20%.  Someone correct me if I'm wrong,
but, in the interest of clarity, the net effect will be a tax + penality
liability on the 20% withheld, *not* the below implied  "taxes due" (now
just how would that be determined ?-) + 10% penality wihholding.  That

>(2) You have up to 60 days to re-invest the distribution in a new 401(k) plan,
>    or to roll it over into an IRA.  But you must rollover the ENTIRE original
>    amount in order to avoid paying taxes and the penalty for early distribution.
>    
>(3) Since taxes and a 10% penalty have already been withheld, you do not have
>    that part of the original 401(k) assets to rollover.  Since you are tight

It is my understanding that this change to the withholding law becomes
effective 1/1/93  ie. There's still time (barely) to roll it the old
way.

>
>SOLUTION:
>
>Roll your 401(k) over using a DIRECT TRANSFER to the new custodian.

Correct solution.

One minor point.  It should still be possible to roll to an IRA.  It just
has to be custodian-to-custodian.

But it really is an insane change.  I have heard that this change was an
"over-sight" to a general change in the withholding rules, and will,
almost certainly, be "corrected."  I'ld like to believe this, but something
tells me this is niave :-)

--
Gene Lege' - Landmark Graphics Corporation - Houston, TX
glege@lgc.com
From: tgorb@rrc.chevron.com (Joe Gorberg)
Newsgroups: misc.invest
Subject: Municipal Bond Mutual Funds
Date: 7 Nov 92 00:02:23 GMT
Reply-To: tgorb@rrc.chevron.com
Organization: Chevron, Richmond, California

I saw an add in the WSJ by Wells Fargo for their California Municipal
Bond Mutual Fund.  It appears to have steady returns of 5.6% (and remember
this is tax-free).  What are returns on other comparable muni. bond funds?
With the change in command ahead, what do people think about bond funds in
general?

Thanks.

Joe.

Newsgroups: misc.invest
From: glowboy@robot.nuceng.ufl.edu (Louis Iselin)
Subject: Help with wash sale
News-Software: VAX/VMS VNEWS 1.41    
Keywords: wash sale, taxes, tax year
Organization: Nuclear Engineering Sciences - Univ. of Florida
Distribution: usa
Date: 12 Nov 1992 14:16 EST  

I think I understand the gist of wash sales, but how does one
go about using the wash sale rules to determine when and how
much on tax losses?  I have a specific example and I am
very interested in advice so I can plan for April ...

09/15/92     sold naked puts on XYZ 2@45  net  $   125.00
10/08/92     eats 200 XYZ @ 45                 $ -8750.00
10/23/92     bails 200 XYZ @ 30 1/2            $  7000.00
10/27/92     buys 44 XYZ @ 25                  $ -1100.00
11/12/92     sold naked put on XYZ 1@25        $   100.00

First, no jokes on how foolish I am.  I like to lose money :)

The numbers are rounded, as are the dates and I'm embarassed to
admit what the real stock is.

How do the wash sale rules apply to the 92 and 93 tax years for the
last put.  It is a contract to buy the same stock, but I don't know
how to determine when to take the loss if the put expires worthless?
And what if it expires in February?  Now the real kicker is how do I
fill out the Schedule D line on this series of transactions?

Any takers?

Louis
From: proberts@informix.com (Paul Roberts)
Newsgroups: misc.invest
Subject: Re: <None>
Date: 8 Nov 92 01:21:18 GMT
Organization: Informix Software, Inc.

In article <1992Nov7.095025.44499@kuhub.cc.ukans.edu> cheng@kuhub.cc.ukans.edu writes:
>
>	Easy Work! Excellent Pay! Taking snapshots. 
>	Send a self-addressed stamped envelop to:
>        
> 	Hang 
>	9525 Monrovia, #203
>	Lenexa, KS66215

Save yourself two stamps, these things are lousy ripoffs.

Paul
Newsgroups: misc.invest
From: eric@panther.mot.com (Eric Limbert)
Subject: Re: General Motors
Reply-To: eric@panther.mot.com
Organization: Motorola INFO Enterprises
Distribution: Everywhere
Date: Thu, 5 Nov 1992 18:46:04 GMT

In article BM3@ra.nrl.navy.mil, wang@cedar.nrl.navy.mil (Dennis Wang) writes:
>One of the interesting things about the GM shakeup is that they are going to take away Saturn's autonomy.  The Saturn organization is being integrated into the regular GM
>structure.
>
>Incredible isn't it.  They are going to take the one part of the company that works well and merge it back into the part that doesn't work....Well I guess that's why the
>president of GM gets the big bucks...
>
>---

To help himself handle his big bucks, the president of GM has also 
promoted GM's chief financial officer to executive VP and made him his right-
hand man.  Not only is GM going to crush Saturn by bringing Saturn into GM's
bureaucracy, they are going to count their beans, lay more people off, and
close more plants until the only things left of GM are many happy bankruptcy
attorneys!
From: jack@richsun.cpg.trs.reuter.com (Jack Gidding)
Newsgroups: misc.invest
Subject: Value Line #8
Date: 11 Nov 92 01:23:07 GMT

The new Value Line #8 has been updated at the books.

The industries covered in this section are:
		Thrifts
		Real Estate Investment Trusts
		Securities Brokerage
		Insurance (Life)
		Gold/Diamond (South African)
		Gold/Silver Mining
		Metals & Mining (Diversified)
		Chemical (BASIC) Industry
		Drug Industry
		Medical Services

-Jack
Newsgroups: misc.invest
From: jli@bingham.utah.edu (Jianliang Li)
Subject: Re: Investing Quickly
Organization: University of Utah
Date: Thu, 12 Nov 92 18:45:00 GMT

In article <1992Nov12.172224.2749@eng.umd.edu> georgec@eng.umd.edu (George B. Clark) writes:
>It can easily take over two weeks to establish a new account with a
>mutual fund familiy. First, you request an application form. A week
>later, you get it in the mail. Then it takes several more days before
>the account is actually opened, and shares are bought.
>
>Is there a quicker way? A Schwab One account, perhaps?
>
>Recently I decided to invest in INVESCO-Financial Health Sciences
>mutual fund. At a 52-week low of $33 per share, down from $47 per
>share, it was a bargain. But now the price has shot up to $38, and
>I'm still waiting on the U.S. Mail, and it may soon be priced too
>high to be a good buy.
>
>In the future, perhaps I should keep account application forms for
>all major mutual fund families. Then when any one of them presents a
>buying opportunity, I can act quickly.
>

	You probably made a mistake by not taking the advantage of INVESCO's
telephone purchase option.  This option allows you to make a purchase over
the phone at the next-determined price and mail your check to INVESCO within
next 7 business days.  You can fill the applications later.  I purchased
INVESCO's TECHNOLOGY @ $20.20 on election day (11/3/92) and my check was
cleared the day before yesterday (11/10/92).  Now the price has gone up almost
$2.00.   Time is money.


JLI
================================================================================
      	 	       ******* RULES OF LIFE ******* 
--------------------------------------------------------------------------------
	     RULE NO. 1:  YOUR BOSS IS ALWAYS RIGHT!
	     RULE NO. 2:  IF YOUR BOSS IS WRONG, GO TO RULE NO. 1.
--------------------------------------------------------------------------------
        JLI@MINES.UTAH.EDU (Jianliang Li)    PENN STATE '90  UTAH '2000
================================================================================


Newsgroups: misc.invest
From: paul@panix.com (Paul Gatker)
Subject: Re: General Motors
Date: Thu, 5 Nov 1992 19:56:12 GMT
Organization: PANIX Public Access Unix, NYC

In <Bx91FA.BM3@ra.nrl.navy.mil> wang@cedar.nrl.navy.mil (Dennis Wang) writes:

>One of the interesting things about the GM shakeup is that they are going to take away Saturn's autonomy.  The Saturn organization is being integrated into the regular GM
>structure.

>Incredible isn't it.  They are going to take the one part of the company that works well and merge it back into the part that doesn't work....Well I guess that's why the
>president of GM gets the big bucks...


 I read in the WSJ this morning that S&P and Moody have downgraded GM's
bond rating and that Fitch is reviewing a downgrade.

 More coal on the fire.

-- 
*******************************************************************
paul@panix.com                                    COMPULITE GRAPHICS
Brooklyn NY usa                                Design & Consultation
********************************************************************
From: cep@taligent.com (Christophe Pettus)
Newsgroups: misc.invest
Subject: Re: Offset 401(k) Rollover Withholding
Date: 11 Nov 92 01:15:20 GMT
Distribution: usa
Organization: Taligent, a little subsidiary of two really big companies.

In article <1992Nov11.001442.10923@sequent.com> bills@sequent.com (Bill Sears) writes:
>How about this.  If you know you are going to be getting shafted by the
>new rule, change your W-4 to claim MANY allowances (like 40 or something).

That's a no-no.  When you sign your W-4, you are signing that you
believe (and have a rational basis for) the number of allowances you
are claiming.  Any W-4 that claims more than some number (12? 17?) has
to be sent to the IRS; I'm certain that you would get a polite letter
saying that they've figured your allowances, and they're 0 + $200/week
extra withheld, and you don't even have to inform your employer:
they've written your employer and told it to withhold that amount for
you, generous souls that they are.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
Newsgroups: misc.invest
From: goykhman_a@apollo.hp.com (Alex Goykhman)
Subject: Re: C-SPAN & 1929 !
Date: Tue, 10 Nov 1992 15:50:56 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA

In article <1dn8kmINNbun@usenet.INS.CWRU.Edu> an030@cleveland.Freenet.Edu (Broward Horne) writes:
>
>In a previous article, goykhman_a@apollo.hp.com (Alex Goykhman) says:
>>
>>    There is also a CLEAR difference between the 30's and 90's.  Then,
>>    the goverment allowed the banks to fall, and the debt to be liquidated.
>
>
>         There's no difference here.  It's an illusion.  Do you really 
>    believe that by taking debt from point A ( consumers ) and moving it
>    to point B ( government ), it is less of a debt?.

    It's more of a debt, and that is my point, for as long as we can 
    continue accumulating debt there will be no depression.



-- 
-----------------------------------------------------------------------------------
Disclaimer: all opinions are mine.
-----------------------------------------------------------------------------------
Newsgroups: misc.invest
From: ehf@philabs.philips.com (Eberhard Fisch)
Subject: Neural Nets Based Systems
Originator: ehf@oscar
Reply-To: ehf@philabs.philips.com (Eberhard Fisch)
Organization: Philips Laboratories, Briarcliff, NY 10510
Date: Mon, 9 Nov 1992 15:09:59 GMT


I am interested in investigating the potential of neural networks for forcasting
markets. Im looking for articles or books dealing with the application of neural
nets for forcasting market moves or finding patterns that occur in markets. I
am not looking for, nor do I expect, neural nets or any other model for 
market analysis to be a magic solution. I just want to see whether neural network
based systems have merit. 
Any opinions from people who have had some experience in using some of the 
standard neural network software or have developed their own software are 
welcome. 

Eberhard Fisch
Philips Labs, NY
From: proto@hri.com (Rich Proto)
Newsgroups: misc.invest
Subject: CFA Designation
Date: 11 Nov 92 17:02:23 GMT
Reply-To: proto@hri.com
Organization: Horizon Research, Inc.


I'm interested in finding out where I can find information on the CFA
exam, particularly the phone number of the people who  administer the
exam and what is involved in obtaining the CFA designation. Thanks.

----------------------
Rich Proto
Horizon Research, Inc.
email - proto@hri.com 
Newsgroups: misc.invest
Subject: Re: Fod Lion