HDTenEightyP/NetNews huggingface dataset:
From: rs69@cunixb.cc.columbia.edu (Rong Shen)
Subject: How can I profit by investing $20?
Followup-To: ---> poster
Organization: Columbia University
Date: Thu, 7 Jan 1993 00:47:49 GMT

Hi Experts:

	At this moment, I have just $20 in my pocket. I can not take
the delight in thinking about buying 100 shares of stocks each of
which is worth $150. In what kind of investments can I stake my $20?
How can I get started?

	Thanks very much.

Rong
--
rs69@cunixb.cc.columbia.edu
From: chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang)
Newsgroups: misc.invest
Subject: annuity 7%?
Date: 11 Jan 93 16:55:24 GMT
Distribution: usa
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
NNTP-Posting-Host: na-gw.cs.yale.edu


My bank is offering annuity over 7 % for the 1st year. And I was told that the
rate has not been lower than 6.05%. I am also told I can rollover the money
after 5 year to my IRA w/o penalty or charge.

Any good/bad experience with annuity?
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
Newsgroups: misc.invest
From: paul@panix.com (Paul Gatker)
Subject: Re: How can I profit by investing $20?
Date: Thu, 7 Jan 1993 13:58:15 GMT
Organization: PANIX Public Access Unix, NYC



>|> Hi Experts:
>|> 
>|> 	At this moment, I have just $20 in my pocket. I can not take
>|> the delight in thinking about buying 100 shares of stocks each of
>|> which is worth $150. In what kind of investments can I stake my $20?
>|> How can I get started?
>|> 
>|> 	Thanks very much.
>|> 


 Round up as much stuff you own that you can sell, take a for sale ad out in
a classified section, and sell as much stuff as possible. (Or have flyers
printed up and plaster them everywhere). With the money you get from selling
your non-essential possessions you can then look for new ways to parlay your
savings until you have enough to start investing with.

 Someone suggested lottery tickets but I don't think this is too good as you
can ill afford to lose your only $20. 
-- 
*******************************************************************
paul@panix.com                                    COMPULITE GRAPHICS
Brooklyn NY usa                                Design & Consultation
********************************************************************
Newsgroups: misc.invest
From: murphy@rock.enet.dec.com ()
Subject: Re: investing $20
Reply-To: murphy@rock.enet.dec.com ()
Organization: Digital Equipment Corporation
Date: Fri, 8 Jan 1993 15:48:22 GMT


In article <1993Jan7.232703.14124@news.columbia.edu>, rs69@cunixb.cc.columbia.edu (Rong Shen) writes:
|> Newsgroups: misc.invest
|> Path: ryn.mro4.dec.com!nntpd.lkg.dec.com!news.crl.dec.com!deccrl!caen!sol.ctr.columbia.edu!news.columbia.edu!cunixb.cc.columbia.edu!rs69
|> From: rs69@cunixb.cc.columbia.edu (Rong Shen)
|> Subject: Re: investing $20
|> Message-ID: <1993Jan7.232703.14124@news.columbia.edu>
|> Sender: usenet@news.columbia.edu (The Network News)
|> Nntp-Posting-Host: cunixb.cc.columbia.edu
|> Organization: Columbia University
|> Date: Thu, 7 Jan 1993 23:27:03 GMT
|> 
|> Hi,
|> 
|> 	I am the originator of the article about investing $20. 
|> 
|> 	A few years ago, I predicted that Wang Lab would bankrupt.
|> Since Wang's stock fluctuates between $2 and $5 (for some time), I
|> could buy 10 shares at $2 and sell them at $5. If I scalped a little
|> now and then, I could actually earn a profit before Wang's final days.
|> But my speculation rested on the assumption that there was no minimum
|> number of shares a person could buy or sell, and that I was THE LUCKY
|> ONE.
|> 
|> 	I have been following this group, and I am surprised to find
|> no one who is thinking about my strategy. What are the fatal flaws of
|> my "fantastic plan?"
|> 
|> 	Thanks.
|> 
|> Rong


With $20 you can't buy 10 shares at 2.  10 shares at 2 costs 20 dollars plus
at least $25 in commisions = $45.  Sell 10 shares at 5 = $50 - $25 commission
equals $25

$25 - $45  = $20 LOSS

Put your money in a savings account!

Murph
From: jammer@eskimo.com (Lyle Harwood)
Newsgroups: misc.invest
Subject: Questions: How do I start?
Date: 8 Jan 93 09:53:01 GMT
Organization: -> ESKIMO NORTH (206) For-Ever <-
X-Newsreader: TIN [version 1.1 PL6]


Hey, guys, I want to buy and sell futures and stocks through the
little curly wire on the back of me Mac.
Does anyone know where I can look for a newsgroup, a book, information,
take a class?
Thanks!

Jammer
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Dorfman? Anyone follow his recomendations?
Date: 7 Jan 93 04:20:02 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Distribution: usa
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1993Jan6.160405.29656@cbfsb.cb.att.com>, rjc@cbnewsf.cb.att.com (robert.cook) writes:
|> 
|> Questions are: has anyone followed Dorfman's track record? 

I have not systematically followed his recommendations, but I found
his tips and information often on the money, and I did made a few
bundles following his hints.
Like any other analyst, he is not always right. But he is good
at sniffing the unusual activity in a stock and he seems to have 
good connection with the power houses on Wall Street...

|> How reliable does insider trading tend to be?
|> 
As an indicator, it is not very reliable. That's because insiders tend to buy or
sell stock of their company for several reasons, including tax considerations.
However, 
when most or all the insiders of a company dump the majority of their company's
stock simultaneously (ie. within a few weeks), that's usually a red flag about
forthcoming bad news. I have used that indicator to successfully short a few 
stocks...
And when they are heavily buying, you can safely follow them...

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................
Newsgroups: misc.invest
Subject: Re: 401K--to rollover or not?
From: gary@cdthq.UUCP (Gary Heston)
Date: Mon, 04 Jan 93 12:17:35 CST
Organization: Garys' Home for Obsolete Computers

acheng@ncsa.uiuc.edu (Albert Cheng) writes:

> A digress--what are the benefits of rolling an old 401K to a new 401K
> when the money can be left in an IRA?  One has more investment options
> for IRA's and can withdraw the money with 10% penalty and income tax.
> 401K won't allow distribution even if you are willing to pay penalty
> (right?) I doubt the new employer would match anything for the rollover
> amount.  So, why put the money into a more restrictive account?

You can borrow against a 401K; you can't with an IRA.

Gary Heston, at home....
gary@cdthq.uucp
From: clong@remus.rutgers.edu (Chris Long)
Newsgroups: misc.invest
Subject: Dow Jones
Date: 9 Jan 93 11:16:01 GMT
Organization: Rutgers Univ., New Brunswick, N.J.


I'm looking into joining Dow Jones in order to be able to download
historical information on stocks (1 year), and to download stock
information at the end of each day.  Is it easy to do this on DJ
(I want all the stocks)?  Is DJ toll-free?  Good experiences with
it, bad experiences?

Is there a cheaper way to obtain the information I want?
-- 
Chris Long, 265 Old York Rd., Bridgewater, NJ 08807-2618

Score: 0, Diff: 1, clong killed by a Harvard Math Team on  1
From: ov@head-cfa.harvard.edu (Olaf Vancura)
Newsgroups: misc.invest
Subject: Nintendo stocks?!
Date: 4 Jan 93 17:35:56 GMT
Distribution: usa
Organization: Smithsonian Astrophysical Observatory, Cambridge, MA,  USA

Hi,

Just a curiousity question about Nintendo of America.  Are they actively
traded on any of the markets?  Or are they under a parent company somewhere?
Is it possible to invest in Nintendo (of Japan) from the states?

Any information would be helpful!

Olaf
Newsgroups: misc.invest
From: tcbd@cbnews.cb.att.com (tom.c.b.davison)
Subject: Re: Closed End Bond Funds
Organization: AT&T
Distribution: usa
Date: Mon, 11 Jan 1993 02:01:07 GMT

In article <1993Jan9.143635.20123@mlb.semi.harris.com>, rcarvin@x102a.ess.harris.com (carvin robert 60184) writes:
> 
> Can someone recommend a source of information for closed end bond funds
> (government, muni, industrial, etc.).  Specifically a source that
> summarizes objectives and multi-year performance. 

morningstar provides this, as does cappiello's closed-end fund digest.
(800-565-1112)
Organization: Arizona State University
Date: Wednesday, 6 Jan 1993 15:49:30 MST
From: Vegesna Srinivas Raju <ASRIN@ASUACAD.BITNET>
Newsgroups: misc.invest
Subject: FAQ needed

I am new to this group. Can someone send me a copy of the FAQ if the
group has one.

Raju
Newsgroups: misc.invest
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell)
Subject: Re: A New Theory for Ups and Downs in the Marketplace
Organization: Jet Propulsion Laboratory
Distribution: usa
Date: Tue, 5 Jan 1993 20:41:17 GMT

markh@sag4.ssl.berkeley.edu (Mark Hurwitz) writes:

>	The general boom of the 1980s was triggered by my decision, in early 
>1982, to attend graduate school rather than enter the work force.  By 
>consigning myself to earning an income on which it was impossible to save
>or invest any significant amount of money, equity prices were permitted to
>soar to unprecedented levels.  Real estate in general, and California in
>particular (because I chose to live here yet was unable to buy a home), also 
>rose dramatically.

Have you considered another advanced degree?  I know of
a nice doctorate program that takes only 10 or 15 years
to complete ....   ;-)

Frank
frak@jplpost.jpl.nasa.gov
From: bm2m+@andrew.cmu.edu (Brian W. Merritt)
Newsgroups: misc.invest
Subject: Re: Quick and Current Ratios
Date: 12 Jan 93 09:06:41 GMT
Article-I.D.: andrew.kfIlP1O00WB28uWFt0
Distribution: world
Organization: Pittsburgh Supercomputing Center, Carnegie Mellon, Pittsburgh, PA

Well, I'll take a stab at this one.

Both the Quick and Current Ratios are measures of a company's liquidity.
 They measure the company's ability to meet its short term obligations.

The current ratio is found by dividing short term assets by short term
liabilities, short term being less than one year.  So this is
essentially:
(Cash + Marketable Securities + Accounts Receivable + Inventory) /
(Accounts Payable + Current Maturities of Long Term Debt).  The ratio
tells you how many dollars that the company has in the short run to pay
for obligations in the short run.

A benchmark for the current ratio  is about  2:1, although this should
be evaluated against other companies in the same industry, size, etc.

The quick ratio or acid test is very much the same, although it excludes
inventory.  It excludes inventory because it is the hardest to convert
to cash quickly to pay bills.  You can't pay your electric bill with a
bunch of disk drives.  This ratio tells you how much cash & convertibles
you have now if you absolutely have to pay now.

A company should have better than 1:1 as a benchmark.

These ratios are important to watch because it shows how well a company
is managing its cash.  A low Current Ratio can point to things like too
much debt, growing too quickly, too much inventory, etc.  A high ratio
can mean that a company has too much cash sitting idly when it could be
invested better elsewhere.

Once again, this is a case where the numbers aren't really the story --
they just point to the story.  It is important to investigate the
reasons why the ratios are what they are.

-- Brian Merritt

merritt@b.psc.edu
Newsgroups: misc.invest
From: tcbd@cbnews.cb.att.com (tom.c.b.davison)
Subject: Re: Taxable Money Market Mutual Funds?
Organization: AT&T
Distribution: usa
Date: Mon, 11 Jan 1993 02:10:36 GMT

In article <93010.084022HRL@psuvm.psu.edu>, <HRL@psuvm.psu.edu> writes:
> Has anyone come across a performance rating of Subject? Where?
> Can you tell me the best (top) three?  Thanks. Howard

Wall St. Journal - each thursday.
Barrons - each saturday.

As of 1/6:
	Aetna MMF  3.99%
	OLDE Premium Plus MM Series 3.78%
	Cowen Stnadby Reserve Fund 3.76%
	Dreyfus Basic MMF 3.73

but look at taxfrees as well:
Dreyfus's is number 5 in the country, at 3.71%,
INVESCO's is #6, at 3.69,
Fidelity Spartan is 3.55%
From: tobias@oasys.dt.navy.mil (Steve Tobias)
Newsgroups: misc.invest
Subject: Re: Trading Places
Date: 6 Jan 93 12:14:56 GMT
Reply-To: tobias@oasys.dt.navy.mil (Steve Tobias)
Distribution: usa
Organization: Carderock Division, NSWC, Bethesda, MD

In misc.invest, bakken@cs.arizona.edu (Dave Bakken) writes:
>The movie probably isn't realistic.  They did have some bucks,
>though.  Recall when Ackeroid met the prostitute (Jamie Lee
>Dave Bakken                               Internet: bakken@cs.arizona.edu

    The movie was entertaining and did make one important point for
investors. The Dukes (Ameche & Bellamy) pointed out to Eddie Murphy
that regardless of whether the clients make money or lose money, they
(the brokers) get the commission. Murphy then likened this to them being
like bookies. This is the main reason I stick with discount brokers.
If I'm going to lose money, I'd rather it be based on my own decisions,
not some "full-service" high commission broker out to make a buck. I
can get the same or better quality financial information they can provide
and save big bucks on commissions. Of course, if you have a really good,
conscientous broker, more power to you. You're a lucky individual.

						  Steve
Newsgroups: misc.invest
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Subject: Re: Discount Brokerages that can buy Foreign Stocks
Organization: Physical Sciences Lab, University of Wisconsin
Date: Tue, 12 Jan 93 17:46:54 GMT

In article <12JAN199310520687@vx.cis.umn.edu> fqm6448 writes:
>
>
>Does anyone know if there are discount brokerages that can buy
>stocks on foreign excahanges. I know all the full service one's
>ussually have foreign branches but I want to pick the stock's
>and be charged a commission far less than 5%.
>
>(I know about ADR's, foreign stocks listed OTC, and mutual funds
>of foreign stocks so PLEASE DON'T TELL ME ABOUT THESE).....I want
>to buy/short stocks directly on the foreign exchange (Particularly
>Japan, Europe, and Isreal.) Does Shwab do this?

Try Aufhauser and Jack White. Both claim to trade foreign stocks in
their literature. 

Don
-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
From: clark@soldev.tti.com (Ralph Clark)
Newsgroups: misc.invest
Subject: Re: Investment magazines
Date: 31 Dec 92 04:25:07 GMT
Organization: Transaction Technology Inc.
Disclaimer: My employer neither sanctions nor solicits my investment advice.

In article <1992Dec30.173334.45984@kuhub.cc.ukans.edu> rsl01@kuhub.cc.ukans.edu writes:
>Hello,
>I have a question for you all.  I am an investment novice.  I would like
>to subscribe to preferably one magazine.  And I don't know which one is
>the best, if any.  I browsed through a list and found a few magazines such
>as Business Week, Fortune, Personal Finance, Money, Wall Street Journal, ...
>Can some of you tell me about something about some of these magazines?
>Your comments/suggestions are appreciated.
>Duc

To respond directly to the question of a novice, I think Money would be the
most instructive for a beginner. Pay special attention to the solutions they
offer to real example people. On the other hand, any advice on individual
stock-picking in a monthly, wide-circulation magazine is going to be old, old 
news when you get it.

Of those magazines/newsletters/newspapers you mentioned, only Personal Finance
maintains one or more managed lists of stocks and tells you whether they think
last issue's star recommendation is a buy, hold, or sell next month or next
year. I've found this follow-up advice to be important to me in selecting a 
newsletter. On the other hand, Personal Finance, like the others on your list,
also includes articles about other ideas outside of their core portfolio,
which makes it more useful to me than another newsletter that just keeps one
list. (I plan to renew my PF subscription for the 4th year.) (P.S. - regarding
a recent posting here - IBM wasn't in their managed list, but was about 6th
choice in an article about the Dow 30.)

I've found that although I may hold a newsletter writer in the highest esteem,
I suffer from paralysis if he offers me half a dozen featured selections in
every issue.  Also, investment style and risk tolerance are significant - 
I have marvelled at the clarity and logic of a writer's argument, but I just 
couldn't bring myself to buy the stock at a P.E. of 40. 

With regard to that last thought, try to get a sample copy. I was pleased with
the results of sending $17 ($21 now, I think) to that outfit that offers 20
different newsletter samples, now and then in Investor's Business Daily and
Barron's. If you're a real junkie, they'll send you a catalog and offer you a
hundred more (I passed on that.) The melody may linger on for some years - I
gave them a special middle initial when I sent in, and I'm still getting
occasional new samples, presumably from buyers of their mailing list. I found 
one in the original batch, called "Venture Returns", that I liked enough to 
renew after the first year.

One more criterion - these newsletters cost about $3-$4 a copy. If you find
them to be interesting reading, you may evaluate them as entertainment, even
if they don't make you rich.

--- Ralph in Los Angeles
 
Ralph Clark (clark@soldev.tti.com) or try (clark%tti.com@NDSUVM1.Bitnet)
Newsgroups: misc.invest
From: ortega@cactus.org (Paul Ortega)
Subject: Re: Unisys as a Play
Keywords: unisys speculation
Organization: Capital Area Central Texas UNIX Society, Austin, Tx
Date: Tue, 5 Jan 1993 06:51:49 GMT

In article <1992Dec28.220839.11566@pdn.paradyne.com> lsimon@paradyne.com (Lenny Simon) writes:
>Unisys has over the past few years taken a beating in it's 
>stock price.
>
>How does the outlook for the company look?
>Seems like an undervalued stock!

The last thing I remember reading about Unisys is that it showed
a profit after severe layoffs and other cost cutting while
its revenues dropped, but that was some time ago.  I'm
not certain of their performance over the last couple of
quarters.

I also remember seeing their ad wanting programmers to relocate
to Washington, DC for starvation wages (around $30K).

I think this is too shaky a company to consider their stock
to be undervalued.  Their stock is low-priced because it's
worth that little.

Think of their cost-cutting as pouring water in the milk jug 
and you will see what I mean.


-- 
Paul Ortega                 |  "While looking for the men's room,
2015 Cedar Bend Dr., #1105  |   VP Dan Quayle stepped into the Quantum
Austin, TX 78758            |   Leap Accelerator and vanished....."
ortega@cactus.org            ---------------------------------------
Newsgroups: misc.invest
From: pjweaver@ralvm29.vnet.ibm.com (Paul Weaver)
Subject: Re: < $5000:don't buy stock?
Date: Tue, 05 Jan 93 16:07:41 GMT
Reply-To: pjweaver@ralvm29.vnet.ibm.com
Organization: IBM T. J. Watson Research

In article <kfGNgOa00WB=MLDEw=@andrew.cmu.edu>, lv0e+@andrew.cmu.edu (Lisa Laverne Vaughan) writes:
|> I've just recently discovered the need to have to manage my money (gee, what
|> a concept).  So I've been speaking with a financial planner who's advice it
|> is hard for me to judge since I have no real experience in stocks and mutual
|> funds.  
|> 
|> I have set as a goal for my $$$$ to amass as much principal (or
|> something that can be converted to principal) within the next 2 years so that
|> I can use the interest to subsidize the considerably smaller income I will
|> have in 2 years (i.e. I'm taking time off in 2 years).
|> 
|> She's guiding me strongly into mutual funds with an equity portfolio, or
|> junk bonds.  I suggested investing some of my $$$$ into hi-tech stocks
|> (Apple, Claris, MicroSoft) and her reply was that $5000, even $10000 was
|> just too little of a sum to invest in stocks, even in stocks that currently
|> pay a decent dividend.
|> 
|> could someone please explain her comment to me???? thankx, ...lisa

  $5000 is definitely not too little to invest in stocks *if* you have the time and
  put forth the effort to do some research into those that you are interested in, and
  then find a discount broker, OR, find a full-service broker that has a good track 
  record in the market (which could be much harder). I put approximately this amount
  into 3 different stocks in early November, and am up about 22% so far, so the amount
  that you start with is really insignificant.

  Her suggestion to get into an equity mutual fund is not a bad one, however, since
  you are an inexperienced investor. If you pick up a recent Money magazine, or an
  Investors Business Daily newspaper, you can find a listing of the top 10 or so funds.
  I would suggest picking a no-load fund(ie. no-sales-charge), and then calling that
  company's 800-number and handling the investment yourself. Financial planners usually
  want a cut for themselves for some reason :)

  As far as junk bonds, I'd stay away from them, but that's my personal preference.
-- 

===============================================================================
Paul J. Weaver                 | "It is well that war is so terrible, or men
pjweaver@ralvm29.vnet.ibm.com  |  should grow too fond of it"
-------------------------------|       General R. E. Lee
I speak only for myself        |       Battle of Fredricksburg, VA  Dec. 1862
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Q: brokers accepting credit cards?
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: usa
Date: Mon, 4 Jan 1993 06:58:33 GMT

monge@cucbs.chem.columbia.edu (Alessandro Monge) writes:

>I've contacted a couple of brokers and asked if I could pay with a credit
>card.  The answer was NO (only checks or money orders).
>Does anybody know brokers accepting payments with credit cards?  Is there
>a particulat reason for them not to accept credit cards?

>Thanks!

>Alessandro

>-- 
>------------------------------------------------------------------------
>Alessandro Monge                     Columbia University
>monge@cucbs.chem.columbia.edu        Chemistry Department &
>Phone: (212) 854-8471                Center for Biomolecular Simulations


Perhaps they want to avoid the following scenario ..

-----------------------------------------------------
Our Hero:

Poor, impoverished chemistry student  :)
Net worth: 	-$40,000   (student loans).

The Plan:

Buy $5,000,000 worth of IBM options (puts if he is a pessimist,
calls if he is an optimist). Put it on his American Express
(no preset spending limit, right?)

Downside (Ending 1):

Declares bankruptcy. Net worth goes from -$40,000 to 0,
a gain of $40,000.

Upside (Ending 2):

IBM goes up (or down, depending on whether puts or calls were
purchased), our hero sells the options the next week, 
makes $20,000,000, proposes to the girl of 
his dreams, and rides off in the sunset in his new Ferrari.

-----------------------------------------------

A brokerage firm wouldn't mind ending 2, but ending 1 
could be rather expensive for them.

-Larry Watanabe watanabe@cs.uiuc.edu

Newsgroups: misc.invest