HDTenEightyP/NetNews huggingface dataset:
From: kpc@pluto.arc.nasa.gov (k p c)
Subject: change to IRA rollover rules: date and a detail
Reply-To: kpc@ptolemy.arc.nasa.gov
Organization: NASA Ames Research Center AI Research Branch; Sterling.
Distribution: usa
Date: Thu, 5 Nov 1992 08:25:05 GMT

in answer to awang's question, as far as i can tell, the change in
laws affects rollovers that were distributed after 1/1/93.  i think
(but i'm not certain) that the 60 days can cross the january boundary.

MY question is, if you have after-tax money that is earning tax-free
dividends, can you roll it over or transfer it in parallel with the
tax-free portion, so that you still get the tax-free status on the
dividends?

(this situation is the result of a plan that lets you contribute
after-tax dollars and keeps 2 accounts for you: one with matching
funds, earnings on matching funds, and earnings on after-tax money;
and another that is the after tax contribution.)

my hunch is that it is NOT possible to transfer the after-tax money
and have it retain its earnings' tax-free status.  this would mean
that there is an incentive not to transfer or roll over, because
otherwise, while you can get your after-tax money distributed
penalty-free, you no longer get tax-free status for its earnings.
that would be bad.  anybody know the facts?
Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: Inheritance forthcoming...advice sought
Originator: dodson@bach.convex.com
Date: Fri, 13 Nov 1992 22:31:02 GMT
Distribution: misc.invest
Reply-To: dodson@convex.COM (Dave Dodson)
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
Keywords: Loop Holes
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

In article <1992Nov13.221124.25275@novell.com> bradley@novell.com (Brad Soe) writes:
>Is this person still alive? Anyway, he/she can give you 10K Free and clear
>as a gift right now. You can inherit the other 5K later. A person is allowed
>to give a gift up to 10K lump sum per year with out any tax penalty. You
>would have to pay tax on the other 5K though, but not on the 10K.

No!  An heir never has to pay income taxes on an inheritance.  If the
estate is large, currently >$600K, a federal inheritance tax must be
paid.  State inheritance taxes may also kick in at various levels.  But
if these taxes are due, they will be paid out of the estate before the
remainder is distributed.

Again, the heir never has to pay income taxes on an inheritance.

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: comment about fidelity short term bonds
Organization: Tandem Computers Inc.,  Cupertino, CA
Distribution: usa
Date: Fri, 6 Nov 1992 23:40:03 GMT

"MrHappy" writes:

> Interest rates go up, bond yields go down. 
> Interest rates go down, bond yields go up. 

I respond:

> Close, but no cigar.  "Yields" are more or less the same as "interest rates."
> Corrected:
> 
> Interest rates go up, PRICES OF OUTSTANDING BONDS go down.
> Interest rates go down, PRICES OF OUTSTANDING BONDS go up.

"MrHappy" :

> Close, but no cigar. Yields are not the same as interest rates.
> If you believe that, I'd love to trade you some HP bonds at par
> value for some EE Bonds, if you have them.
> 
> Get your facts straught before correcting someone.

I believe I do have my facts straight.  If you think otherwise, please back
up your assertion with some substance.

Note that I did not say "the same as" (i.e. identically equal to), I said "more
or less the same as." There are some subtle distinctions, and not everyone
means the same thing when they use the term "yield."  "Bond yield" most
commonly refers to the income return of a bond derived by comparing its
coupon rate to its market price.  In this meaning, "bond yields" are an example
of an interest rate, and can be construed to trend in tandem with
"interest rates in general."  Using this definition, your axiom (above) is
not correct (in fact, it is the opposite of correct).
 
Now I suppose that someone might take "bond yields" to mean "investment
performance" or "total return," in which case your axiom is nearly correct.
Rising rates usually cause lower market prices for existing bonds, which can
lower total returns for investors who do not hold bonds to maturity.  However,
as I said, this is not the common meaning of "bond yield" (and I defy you to
prove otherwise).

-steve p.
From: anand@novell.com
Newsgroups: misc.invest
Subject: A waste: putting money in savings A/C..
Date: 11 Nov 92 01:40:49 GMT
Reply-To: anand@novell.com
Distribution: usa
Organization: Novell, Inc., San Jose, Ca


The Normal savings A/C in a bank gives less than 3% interest.
The present value of inflation is approximately 3%.

For $10,000 deposit, one will receive an interest of $300.00.
If you are in the 33% tax braket,  $100 will go to Uncle Sam.
You are left with only $10,200.00.

If you adjust ($10,200) for inflation, it is equivalent to $9902.91.

Eventually you lost: 10000 - 9902.91 = $97.09

Am i missing something?.

anand@novell.com
+-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-+
| Govindaraj A Padmanaban - Novell Inc. |  Do you know the worst PC VIRUS?. |
| 408-473-8643(w)       408-263-7055(h) |                                   |
| anand@novell.com      excelan!anand   |                   MS-DOS :-)      |
+-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-+
Newsgroups: misc.invest
From: rvkl60@aus18a25.sps.mot.com (Tom Mathes)
Subject: Re: General Motors
Organization: Motorola Inc, Austin, Texas
Distribution: na
Date: Thu, 5 Nov 1992 23:56:24 GMT


In article <Bx91FA.BM3@ra.nrl.navy.mil> wang@cedar.nrl.navy.mil 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...
>
>---
>Dennis Wang
>Solar Physics Branch - Code 7660
>U.S. Naval Research Laboratory.
>4555 Overlook Ave SW
>Washington DC 20375-5000
>
>E-mail: wang@cedar.nrl.navy.mil
>Voice : (202)-767-3137	Fax   : (202)-404-7997'
>

Where did you read this?  Every magazine/newspaper I have read on the
subject says that Saturn will stay completely autonomous.  I've read
the following about their engineering restructuring:

- Caddy will stay autonomous in engineering.  They will assist
  other GM divisions if they ask.

- Saturn will stay autonomous as it is now.

- Mid-size car  engineering (Lumina sized)

- Large-size car engineering (Park Avenue class)

- Trucks/SUVs/Mini-van engineering.

In fact, this shake-up may be great for GM.  The new upper management 
team is made up of "car guys", that is guys that came up through the 
product, engineering and manufacturing ranks.  This is what the Japanese
and Germans have in their top ranks.  ChryCo is run by cars guys now,
and look at the home runs that they've got with the LH, Grand Cherokee,
the Viper and their mini-vans.  GM was run by finance guys mainly.
The new CEO, Jack Smith, made GM Europe a powerhouse and the low cost
producer in Europe.  IMHO, this bodes well for the General.

Tom
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Invest Lingo
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 9 Nov 1992 23:35:45 GMT

In article <1992Nov9.141613.8551@iscsvax.uni.edu> levin6706@iscsvax.uni.edu writes:
>        Hopefully this request isn't too outrageous.  I'm currently in the
>process of researching the terms (i.e. lingo) that might be used among 
>investment dealers, and in the market itself, for a thesis that I'm currently 
>writing.  If you can be of any help please post here, or reply by e-mail. 
>Thank you for your time and consideration.


To be swimming in it.    := To make lots and lots of money.

To take a bath.          := To lose lots and lots of money.

=========

To steal.                := To take something you don't own.

To sell short.           := To sell something you don't own.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: TIMG@db1.cc.rochester.edu (TIMOTHY GRAYSON)
Newsgroups: misc.invest
Subject: Treats International info
Date: 8 Nov 92 17:51:55 GMT
Organization: University of Rochester, Rochester NY
X-News-Reader: VMS NEWS 1.11

I'm looking for general information on Treats Internation (TRTN),
such as management, earnings, revenue, distribution of stores in
Canada, etc.  It is a small chain of snack type stores like TCBY
or Dunkin Doughnuts in Canada.  The stock is currently not listed 
on a major exchange.  Is anyone familiar with this company, and do
you think it's a good buy?

On a related note, is there a good reference in the US for small private
OTC stocks from other countries?  I haven't had much luck finding such
a source.


Any responses, could you please send to me personally instead of/in 
addition to the net, as I have unreliable access to USENET.

	Thanks for any help you can give me,
			Tim Grayson

Timothy P. Grayson
Department of Physics and Astronomy
University of Rochester
Internet address:  TIMG@QOE.PAS.ROCHESTER.EDU
Newsgroups: misc.invest
From: harryo@cbnewse.cb.att.com (harold.r.holm)
Subject: 60 Minutes report on Lincoln Electric
Organization: AT&T
Distribution: na
Date: Sat, 14 Nov 1992 03:30:25 GMT

Last Sunday, 60 Minutes had a feature on an Ohio-based company
called Lincoln (sp?) Electric.  This is a manufacturing firm that
makes welding equipment, and claims to have the highest-paid 
factory workers in the world. (Salaries of from 60k on up were
mentioned, and that's for a "blue-collar" category of employment.)
The company holds up pretty well even in relatively bad times, with 
few layoffs and good sales nonetheless.  Seemed to me like a well-
run outfit that emphasizes high worker output without compromising
product quality.  Floor workers are paid by the amount they produce,
not by the hour.  Needless (?) to say, I do not believe this is a
union shop, as all employees pay for their own health care.  Also, 
upper management salaries are held very much "in line"---no gigabucks
or loads 'o perks for the top brass here. 

The report mentioned that this is a Fortune 500 company, but I don't
see it listed on the major exchange tables in the newspaper.  Is this
a publically traded corporation, or strictly a privately held company?
If the former, how has its stock fared over the years, and where does
it trade?  

*comment my own; standard disclaimers
 pls post replies to the newsgroup only*            H.R. Holm
From: flc@mti.sgi.com (Fred Cox)
Newsgroups: misc.invest
Subject: Re: Boycott Colorado
Date: 6 Nov 92 22:59:51 GMT
Organization: Mips Technologies, Inc.
NNTP-Posting-Host: zany.mti.sgi.com

rpitts@emperor.gatech.edu (Richard Pitts) writes:
>Also, if you are for the Boy Scouts and their right to teach moral
>straightness, boycott Levi Strauss - the clothing company.  They
>and a few financial institutions withhold their funds because of
>the Boy Scout's teaching against homosexuality.

Sounds like a good reason to buy more Levi's IMHO.

Yet another "straight" supporter of gay rights,

Fred Cox
flc@mti.sgi.com
Newsgroups: misc.invest
From: bradley@novell.com (Brad Soe)
Subject: Re: Inheritance forthcoming...advice sought
Keywords: Loop Holes
Organization: Novell Inc., San Jose, Califonia
Distribution: misc.invest
Date: Fri, 13 Nov 1992 22:11:24 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?
>
>Any and all advice on this matter would be greatly appreciated.

Is this person still alive? Anyway, he/she can give you 10K Free and clear
as a gift right now. You can inherit the other 5K later. A person is allowed
to give a gift up to 10K lump sum per year with out any tax penalty. You
would have to pay tax on the other 5K though, but not on the 10K.

There are other ways, but this is the easiest. 


Brad Soe
bradley@novell.com
From: alie@csl.dl.nec.com (Andrew Lie)
Newsgroups: misc.invest
Subject: Asset Resolution Corporation
Date: 12 Nov 92 15:20:33 GMT
Distribution: usa
Organization: NEC America, C & C Software Development Lab

I don't know if this is the right place to ask the following question, but
I really like to hear your opinions.

Two days ago I received a letter from a company called "Asset Resolution
Corporation" from Dallas stating that I have a refund from a public agency.
They would reveal the source of the refund, so that I can file a claim, if I
agree to pay them 50% of the refund when I receive them. They claimed that
the source of the refund is not the IRS. From the letter I got a feeling that
it has to do with the property which was acquired last year, but I can't think
of any source which I may have a refund coming.

Does anyone have any experience like this? Should I go ahead with their offer?
Any advice is appreciated.
  ____________________________________________________________________________
 [							                      ]
 [  Andrew K. Lie                 *#*  (( Any opinions expressed are mine. )) ]
 [  alie@asl.dl.nec.com          ("=") (( They do not represent the views  )) ]
 [  (214) 518-3616                =*=  (( of my employer, NEC America, Inc.)) ]
 [____________________________________________________________________________]     
Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: Re: Indexing Capital Gains for Inflation
Date: Tue, 10 Nov 1992 16:35:23 GMT

In article <BxHp7y.CDH@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>mzwick@vitro.com (Morris J. Zwick) writes:
>
>>Actually, if you're a fool enough to put money in a fixed return investment at
>>less than the inflation rate, you probably are not savvy enough to know that
>>you lost purchasing power :)
>
>Actually, I think it was Roschild who claimed if he could just
>pass on 1/4 of what he had to his heirs, he would be happy.
>It is not necessarily foolish to put money in a fixed return
>investment at less than the inflation rate. It depends
>what your needs and requirements are. For example, this may be
>sufficient to keep a retired person comfortable until they die
>at almost zero risk.  Any alternative have an unacceptable
>risk of them dying in poverty.
>
>>The point is, government loves inflation (especially initially) because it
>>forces people to pay taxes on inflation rather than just income. i
>
>It is also an implicit tax on savings. If everyone saves $1000,
>and the government prints out another $1000 person, it is 
>like everyone just paid a 50% tax.
>
>But governments don't love inflation, any more than they
>love recessions. Both are not very good for relection purposes.
>
>-Larry Watanabe

Beating "inflation" is not everything for all investors. In part, it
depends on specifically what is inflating in price and by how much
relative to what an individual consumes. 

Inflation can also be a benefitial aspect of investing when you own 
realestate and/or other tangible assets that increase in value with 
inflation. If you increase their intrinsic value as well (property 
improvements) then the assets value may increase faster than inflation. 
Though this doesn't really matter much, because the "gains" can only be 
captured if you sell the property, and the property may have more 
value to you for its utility. 

For example, those that practice "voluntary simplicity" and/or those
that take a "wholistic" approach to "needs", inflation becomes 
nearly meaningless. Starting with food and shelter and some
entertainment (i.e. happiness) as the basis for one's "needs" you can
end up spending suprising little per person: owning a home with at
least one rental unit is a must (rental income increases w/inflation
yet interest rates may decrease or lag increases in inflation);
a garden space is an added bonus; living near-enough to school and/or 
work and/or mass transit to eliminate owning a car is also a bonus.
With an income producing "hobby" or small business you can pay for
most of your remaining expenses. 

"money" per se then becomes much less significant, it too can become
and income producing hobby. 


getting caught up in the cosumer cycle without addressing it as such
is a grave investment mistake. "Wants" transform into "needs" and "work"
becomes more important than everything else, in order make enough money to 
pay for all the "needs".


barry
Newsgroups: misc.invest
From: sdl@linus.mitre.org (Steven D. Litvintchouk)
Subject: mutual funds investing in environment and/or infrastructure
Organization: The MITRE Corporation, Bedford, MA
Distribution: misc
Date: Thu, 5 Nov 1992 20:53:23 GMT


Once Bill Clinton has become President and begins to enact his
economic program, it is probable that companies that rebuild the U.S.
infrastructure and/or help clean up the U.S. environment may profit
from increased Federal spending in these areas.

Can anyone suggest any mutual funds whose portfolios stress such
companies and so are likely to benefit?



--
Steven Litvintchouk
MITRE Corporation
202 Burlington Road
Bedford, MA  01730

Fone:  (617)271-7753
ARPA:  sdl@mitre.org
UUCP:  linus!sdl
	"Where does he get those wonderful toys?"
Newsgroups: misc.invest
From: GCTHORNE@idbsu.idbsu.edu ("Broward "Pants on Fire" Horne")
Subject:      Montevideo
Date: Sat, 07 Nov 92 13:25:22 MST
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X-To: misc.invest.usenet



      Off the Brazilian coast
         There's a place called Montevideo
      That's where I have to go
         To get away from the Fall!

      Move my cash to Caymen
         To keep it out of Willie's hand
      I'll be moving to a viable land
         Out in Montevideo

      Before it all blows
         Before the Federal Cash flow slows
      Join the Mennonites
         And hang out in Paraguayan heights
      Out by Montevideo!

      Oh, I want to go
         To Montevideo
      I'll get there solvent
         And then I'll take slow
      That's where you'll find the Bro

         Montevideo
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: Boycott Colorado
Organization: Taligent, a little subsidiary of two really big companies.
Date: Thu, 5 Nov 1992 23:14:48 GMT

In article <Bx9LG7.983@fc.sde.hp.com> fritz@fc.sde.hp.com (Gary Fritz) writes:
>By the way, there was an article in today's Denver paper that said
>a doctor's organization had already cancelled their Denver convention
>because of Amendment 2.  One of the ringleaders of "Colorado for Family
>Values", the people responsible for Amendment 2, said this was "the
>kind of intimidation the homosexuals like to use."  Ye gods.

Ah, yes, Medical Organizations, that well-known tool of the radical
homosexual movement.  I wish there was a treatment for radical reality
disconnection.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
From: raj@aquila.sni-usa.com (Raj Alur)
Newsgroups: misc.invest
Subject: Compression Labs
Date: 10 Nov 92 17:50:20 GMT
Organization: Siemens Nixdorf Inc.

Does anyone know why Compression Labs' been showing a strong upward momentum?
Just a short while ago it was trading at a 52 week low of 5 1/2; it closed
yesterday around 14 1/2.

---
Raj

+-------------------------------------------------------------------------+
| S I E M E N S    Raj Alur                     Tel:    (617) 349-5058    |
| -------------    4 Cambridge Center           FAX:    (617) 864-3176    |
| N I X D O R F    Cambridge, MA 02142          Email:  raj@sni-usa.com   |
|      SNI         USA                                                    |
+-------------------------------------------------------------------------+
-- 
---
Raj

+-------------------------------------------------------------------------+
From: mfsjbd@nmsu.EDU (Jeff Davis)
Newsgroups: misc.invest
Subject: 20th Century
Date: 9 Nov 92 22:45:50 GMT
Distribution: misc.invest
Organization: New Mexico State University, Las Cruces, NM

Well, I think that 20th Century took a leap in the correct direction.
 From the mail I received from them, after Jan 1, 1993 they will not charge
$10 to keep invested if you have under $1000 in, though there is always
a catch, if you are under $1000 you must invest $25+ a month! 
 Well, for me, being a broke struggling college student, I fit right in!
 This was a public service announcement, Jst For Your Information
 Jeff
--
MFSJBD@NMSU.EDU                  Jeffrey B. Davis  
Computer Center User Assistance Technical Reference library Coodinator
It costs a lot of money to die comfortably. - Samuel Butler   1835 - 1902
From: ables@hal.com (King Ables)
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Date: 5 Nov 92 15:35:58 GMT
Organization: HaL Computer Systems, Inc.

From article <prspool.720888204@terra>, by prspool@siemens.com. (Peter Spool):
>
> 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.

It's not that critical, I've accepted checks from two accounts and rolled them
over.  You have 60 days to do this with NO penalty.  You lose interest for 
each day you *don't* do it, so if you can do a direct transfer, you keep your
money working the whole time, but that is the only real advantage.

> Do NOT, under any circumstances, accept a check made out to you, for the 401(k)
> funds.  If you accept a check to you, the following "CATCH-22" situation will arise:
> 
> (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.

This is wrong.  You can get the check cut with no withholding if you put on the
form you fill out that you intend to roll it over into another account or another
company plan.  Of course, if you later decide *not* to roll it over, then *you* are
responsible for getting the taxes and penalty paid on time.

So none of the other issues in that bullet list apply either.  It is PERFECTLY
acceptable to take the check in the FULL AMOUNT and then roll it over (within
60 days) later.  Not a problem.  I've done it twice, just like that.

---------------------------------------------------------------
King Ables                    HAL Computer Systems, Inc.
ables@hal.com                 8920 Business Park Dr., Suite 300
+1 512 794 2855               Austin, TX  78759
---------------------------------------------------------------
"Sometimes you're the windshield, sometimes you're the bug."
				-- Dire Straits & Mary-Chapin Carpenter
Newsgroups: misc.invest