HDTenEightyP/NetNews huggingface dataset:
From: mike@drseus.jsc.nasa.gov (Mike Ross)
Subject: Re: $200/month for 18 years investment
Organization: Lockheed Engineering & Sciences Company
Date: Sat, 9 Jan 1993 01:04:06 GMT

In article <1993Jan8.234930.6910@tandem.com> kenr@orleans.storage.tandem.com writes:
>In article 28979@news.eng.convex.com, dodson@convex.COM (Dave Dodson) writes:
>>In article <4245@ncrsoph.Sophia.NCR.COM> sstasuke@ncrsoph.Sophia.NCR.COM (Steve Stasukewicz) writes:
>>>
>>>I have a 3-month old son, and am starting to save now for his education.
>>>I have budgeted $200 month to "put away" for him until he is 18 years old.

......

>>> where should I invest this $$$ to maximize my earnings?   
>>
>>..take to achieve your goal.  Being too conservative will leave your student
>>short of cash.  Trying for a higher rate of return than needed exposes you to 
>>unnecessary risk.  It looks like achieving 7% would be adequate.  Hence, I
>>suggest using investments that pay about 7-8%, which would be bonds,
>>certificates of deposit, etc.
>
>The bond approach might actually be a risky one.  If inflation stays low, then
>the bonds will provide enough real return to do exactly what Dave said.
>
>However, recall that bond prices are inversely correlated with interest rates;
>if interest rates go up, then bond prices (and the yield of long-term bond
>funds) fall.  So if inflation should jump to 10 or 12% a year, the value of
>long term bonds and mutual funds invested in those bonds will nosedive.

But don't forget that Series EE bond interest is tax-free when used for
college expenses (up to a particular high income, now I think $100K/yr
or so)

-mike


-- 
******************************** mike@drseus.jsc.nasa.gov *****
* Michael L. Ross/C33 | Lockheed Engineering & Sciences Co.   *
* Robotics Department | 2400 Nasa Rd. 1, Houston, TX 77062    *
*(713)333-7094 voice,(713)333-7201 fax**********boring, eh?****
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: IRAs & Taxes
Organization: Taligent, a little subsidiary of two really big companies.
Date: Thu, 7 Jan 1993 21:22:28 GMT

In article <1993Jan7.180506.12751@clpd.kodak.com> staffan@ca.serum.kodak.com (Kenneth Staffan (x37507)) writes:
>On the subject of IRA changes - there was some talk of allowing IRA 
>contributions to be deducted even if the contributor had access to a 
>401K through work.  Is that something else that didn't come into being?

Not yet; we can hope.

>(And, if it didn't), if one spouse has a 401K, but the other (full-time,
>working) spouse doesn't, can the spouse without the 401K make an IRA
>contribution and deduct it (on a joint filing)?

Nope; if either spouse is covered by a qualified employee pension plan,
it is treated as if both were, whether you file jointly or separately.
--
-- Christophe

"Bad analogy!  No biscuit!"
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: have to use tax 1040 form?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Fri, 8 Jan 1993 15:53:05 GMT

In article <1993Jan8.131343.5919@cbnews.cb.att.com> lib@cbnews.cb.att.com (Lib) writes:
>In article <1993Jan8.021824.18337@tandem.com> pearson_steven@tandem.com (Steven R. Pearson) writes:
>>In article <3JAN199311480186@csa2.lbl.gov>, schindler@csa2.lbl.gov (AARON SCHINDLER) writes:
>>> 
>>> In article <1hvmq9INN3ga@CASPER.NA.CS.YALE.EDU>, chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang) writes...
>>> 
>>> >The tax instructions say one needs to use form 1040 if one has capital gains.
>>> >I guess this includes capital gains from mutual funds. True?
>>
>>However, if your capital gains are only from capital gain distributions from funds
>>(as opposed to sales of fund shares), then you don't have to fill out the Schedule D
>>(there's a line one the front/income side of the 1040 for that).  Gotta find
>>some small solace at tax time...
>
>  
>One further question. This year I bought mutual funds for the first
>time. Have capital gains from distributions but neither gains nor
>losses from mutual fund sales. I also have gains and losses from stock sales.
>  
>I know the gains/losses from stocks go on schedule D. In this case
>where I have both stock and mutual fund gains do the mutual fund
>gains also go on schedule D or on that line you mentioned on the
>front of 1040? If they go on the front of 1040 what happens to my
>$3000 worth of gains that I can offset with losses? I assume my gains
>from distributions can be offset by losses. True? Untrue? That happens on
>Schedule D. If I put my mutual gains on the front of 1040 can I
>offset them with losses? Seems to me in this case everything would
>have to go on schedule D. (I realize in the case you mentioned there
>were only mutual fund gains but what about my case?)

Your situation is really very common.

It's actually pretty easy:

You won't put capital gains distributions directly on the front of
Form 1040.


1.  On Schedule B 

    a)  enter your total taxable dividends.  This includes
        the amount reported by the Mutual Fund as capital gains
        distributions

    b)  enter the amount of capital gains distributions, and deduct
        this amount from total dividends

    c)  enter this (Total - Distributions) on the front of Form 1040
        "Dividends"


2.  On Schedule D

    a)  enter all of your stock transactions, long and short term

    b)  in the long term section is a line for you to enter the
        Capital Gains Distributions which you subtracted out in
        Step 1(b) above

    c)  Complete Schedule D and enter the result on the front of
        Form 1040 (from Schedule D)


It really is very easy.  Once you do it the first time, it becomes
almost automatic next time.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: IRAs & Taxes
Organization: Unocal Corporation
Date: Thu, 7 Jan 1993 16:04:38 GMT

In article <1993Jan7.085253.9687@iscsvax.uni.edu> fitch@iscsvax.uni.edu writes:
>Just a quick question about investments ...
>
>I'm considering investing in an IRA for the tax year 1992.  I remember some
>talk of excluding early IRA withdrawal for first home purchase and education
>from the early withdrawal penalty.  This would be added incentive for me.  Was
>that ever enacted?  Or would there be other (better) alternative for investment 
>with the short-term goal (three-to-five years) of first home purchase and the
>usual long-term goals.

When it appeared Bush would lose the election mid-summer, very little of his State-of-the-Union
program was passed. Clinton may do something to stimulate people to save, but you have to wait
until the end of the month to find out.
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: DJIA guessing contest
Organization: Unocal Corporation
Date: Tue, 5 Jan 1993 22:16:07 GMT


The 1992 predictions were:

2250	jld1@iwtgp.att.com (Jeffrey L David)
2545	roy@math13.math.umbc.edu (Roy Edwards)
2710	pagel@cheesehead.sharebase.com (Tom Pagel)
2750	lynch@hpcc01.corp.hp.com (Howard Lynch)
2800	C_FREEMAN" <CFREEMAN@doc.bmd.trw.com>
2816	intrepid!gary@uu.psi.com (Gary Funck)
2889.48	aboufade@math.rutgers.edu (Edward F. Aboufadel)
3136.44	farrenko@meteor.wisc.edu (Joe Farrenkopf)
3226	prm@aplcomm.jhuapl.edu (Paul R McMullin)
3257.88	marn@SEAS.UCLA.EDU (Jure Marn)
3301	YEAR END VALUE
3372	tjochem@IUS4.IUS.CS.CMU.EDU (Todd)
3421	stgprao@xing.unocal.com (RichardOttolini)
3488	Andrew Philpot <philpot@ptolemy.arc.nasa.gov>
3600	Joseph Chan <joseph@milton.u.washington.edu>
3750	bbramski@nis.naitc.com (Bob Bramski)
4029	weitek!lupin@Sun.COM (Edward Lupin)
4200	dbrown%gr@cs.utah.edu (Don Brown)
4500	<BKOTTMANN@FALCON.AAMRL.WPAFB.AF.MIL> (Brett Kottmann)
3263	MEAN

I predict 3495 for Dec 31, 1993.  Predictions will be collected until the end of January.
From: fitch@iscsvax.uni.edu
Newsgroups: misc.invest
Subject: IRAs & Taxes
Date: 7 Jan 93 08:52:53 -0600
Organization: University of Northern Iowa

Just a quick question about investments ...

I'm considering investing in an IRA for the tax year 1992.  I remember some
talk of excluding early IRA withdrawal for first home purchase and education
from the early withdrawal penalty.  This would be added incentive for me.  Was
that ever enacted?  Or would there be other (better) alternative for investment 
with the short-term goal (three-to-five years) of first home purchase and the
usual long-term goals.

Thanks in advance.

Ron Fitch
Newsgroups: misc.invest
From: kayshav_dattatri@taligent.com (Kayshav Dattatri)
Subject: When is Gupta Technology going public?
Organization: Taligent
Distribution: usa
Date: Wed, 6 Jan 1993 23:49:19 GMT

The subject line says it all. As I understand the initial issue price is $11.
If it hasn't gone public already how can I buy the stocks on the day of the
issue?

Thanks


Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: < $5000: don't buy stock?
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Date: Mon, 11 Jan 1993 19:51:11 GMT

In article <11JAN199311342195@csa2.lbl.gov>, schindler@csa2.lbl.gov (AARON SCHINDLER) writes:

|> Does anyone know if the Mid-Am exchange is still operating in Chicago?  
|> I recall hearing a few years ago that you could trade mini-size futures 
|> contracts there.  i.e. Instead of 5000 bushels of wheat, just 1000, etc.
|> 
|> |=======================================================================|
|> | Aaron Schindler                                Schindler@csa.lbl.gov  |
|> |                                                                       |
|> | "How I made my fortune?  It was really quite simple.  I bought an     |
|> | apple for five cents, spent the evening polishing it, and sold it the |
|> | next day for 10 cents.  With this I bought two apples, spent the      |
|> | evening polishing them, and sold them for 20 cents.  And so it went   |
|> | until I had amassed $1.60.  It was then that my wife's father died    |
|> | and left us a million dollars.                     --anon             |
|> |=======================================================================|

I love your quote!

Yes, the Mid-Am is still operating (at least it was 2 weeks ago when I did my
last trade there!)

They have 1/5 size contracts on corn, wheat, soy, silver, and 1/2 size contracts
on currencies, treasury bonds, cattle, etc.  About 20 different contracts. If you
have a futures account, I'm sure they can tell you about it.

*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@.dal.mobil.com
*********************************************************************
Newsgroups: misc.invest
From: lachman@netcom.com (Hans Lachman)
Subject: Re: U.S. Dollar's strength!
Organization: Netcom
Date: Tue, 12 Jan 1993 00:37:39 GMT

In article <9301111504.AA29985@tpts1.seed.net.tw> idpt199@tpts1.seed.net.tw (PC_USR) writes:
>     Comments on the following presentation are welcomed!
>                              Weekly Futures Market
>                          Dec. 30 - Jan. 6 Review Period
>     Futures Contract                              Profit/Loss %*
>...
>     03/93 Coffee                                  -147.32
>...

That's quite a spectacular loss!  I didn't know that a coffee futures
contract could go down by more than its total value.

Hans
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: How did Monsieur Zweig do in 1992? (Re: Day Orders or Until Cancelled)
Organization: AT&T
Date: Mon, 4 Jan 1993 14:57:05 GMT

In article <1992Dec30.081018.21216@news2.cis.umn.edu> prabhak@giga.cs.umn.edu (Satya Prabhakar) writes:
>
>This postings is totally unrelated to what Lib posted earlier...
>
>However, a coupla months ago I claimed that Martin Zweig is a major
>flash in the pan and bet $10 with someone that Zweig will underpeform
>the S&P 500 (to the best of my recollection). 
>[Lib blasted me for posting some supposedly unfounded assertions about Zweig's
>claim of stupendous returns.]
   
Zweig's newsletter performance record is well documented by Hulbert
and is very good over the 10-11 years Hulbert has kept records. He is
number one or two over the 10 year period and is one of a handful of
people to beat the S&P over that period, according to Hulbert. Hulbert
by the way tracks newsletters not funds. Zweig's ads claiming good
returns are for his newsletter, not the funds which bear his name but
which he does not manage.
  
>My question is this: How did Zweig's funds do in 1992? 

Why don't you open a newspaper and look? The Zweig fund paid dividends
of 8.8% for the year and the fund lost 5.5% in asset value for a net gain of 
3.3%. The Zweig Total Return Fund paid dividends of 9.6% and lost 5.9%
in asset value for a net gain of 3.7%. Each below the S&P's gain of 7.6%

Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: more IRA questions (multiple IRAs)
Organization: Unocal Corporation
Date: Mon, 4 Jan 1993 05:08:55 GMT

In article <1hvctgINNe4k@usenet.INS.CWRU.Edu> jxs18@po.CWRU.Edu (Jerry Sy) writes:
>
>is it possible to have multiple IRA accounts, that is, for example,
>one with Vanguard and one with Fidelity, as long as my total annual
>contributions do not exceed $2,000 total ? or is it $2,000 max contributions
>per account ?

As many accounts as you want, but the $10+ custodial fees per account will cut into the growth rate.
Total contribution to all accounts is $2000 per year.

>
>and do I keep track of the contributions myself ?
>
You'd better.  In my experience account custodians frequently make mistakes in reporting account
transfers to the IRS.  When the IRS sends me a tax bill, I have to straighten them out.

>also the same question as the previous poster, can an IRA be transferred
>into a company 401K plan ?
>
Only if it came from a previous 401K plan.  Advisors recommend keeping old 401K monies in a
separate account in case you want to transfer back in the future.
From: Dave-M@cup.portal.com (David Russell Mottern)
Newsgroups: misc.invest
Subject: APCC Split?
Date: Wed,  6 Jan 93 21:51:43 PST
Organization: The Portal System (TM)
Distribution: usa

Does anyone know if APCC split recently? There was a large drop in price
a couple of weeks ago.
Newsgroups: misc.invest
From: temiraso@vela.acs.oakland.edu (thomas e mirasol)
Subject: Re: BETA - BLACK SHOLES
Organization: Oakland University, Rochester MI.
Date: Wed, 13 Jan 1993 03:14:19 GMT

In article <C0rHLn.FH0@news.dtc.hp.com> wallace@dtc.hp.com (David Wallace) writes:
>In article <1993Jan9.023553.25985@news.ysu.edu> ai428@yfn.ysu.edu (Daniel Schiffer) writes:
>>
>>Does anyone know a formula to derive volitlity
>> (for use in evluating an option with the Black Sholes model)
>>based upon Beta??
>
>It's not very likely that such a formula exists.  The "investments" of
>stuffing your money in a mattress or using it to buy lottery tickets both
>have a beta of 0 (because the returns are completely uncorrelated with the
>market), but they have very different volatilities.
>

I have used a software program (not commercially available) that does
options analysis using two valuation models: the Bachelieu and the
Black-Scholes.  For volatility, all it asks is that I enter the Stock
Price Stability factor specified in Value Line.  If you look at VL,
you'll find it in the lower right-hand corner of the page of any stock.
According to the user's manual, this index measures the volatility of a
stock relative to other stocks.  

Hope this helps.


Newsgroups: misc.invest
From: cctr114@cantua.canterbury.ac.nz (Bill Rea)
Subject: Re: < $5000:don't buy stock?
Organization: University of Canterbury, Christchurch, New Zealand.
X-Newsreader: TIN [version 1.1 PL8]
Date: Tue, 5 Jan 1993 20:35:56 GMT

Lisa Laverne Vaughan (lv0e+@andrew.cmu.edu) wrote:

> 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

It seems to me that there are three reason to invest in mutual funds rather
than directly in the chosen market.

1) You don't have enough money to get in yourself. Often in this country the
   minimum amount of money required to invest in a bond is out of the reach 
   of a small investor. In such a case a fund investing in bonds is the
   only option open. 

2) You don't have the knowledge to invest directly. I have invested in 
   South East Asia using both closed end and open end funds. I don't
   have the knowledge required to invest in such markets as Thailand,
   Indonesia and the Philipines. In this type of case using fund managers
   is a good option.

3) Your time to research and manage your investments is limited. To
   carefully monitor your existing investments and place new investments
   into good areas is a non-trivial task. If managing your investments isn't
   a enjoyable hobby then using fund managers is a sensible option.

Most financial advisors will sing the praises of a diversified portfolio, 
but a few will point out that by putting your investments into a very few 
good investments you can do very well, often beating the performance of
even the best fund managers. Having a narrow portfolio is certainly more
volitile and not for the faint hearted, but I can testify that it can
produce good rewards. I do not use fund managers when investing
in my home market (New Zealand) but I closely monitor my performance against
several fund managers to check how I am doing. By keeping up with the
information appearing in newspapers, radio and in company reports, 
and consulting my stock broker before making a final decision on a stock 
purchase or sale, I have been able to out perform all of the conservatively
managed funds several years running. I haven't been able to beat the
aggressive growth funds though. A lot of this sucess is due to having a
good broker, and finding one is not an easy task at times.


--
                                                                     ___
Bill Rea                                                            (o o)
-------------------------------------------------------------------w--U--w---
| Bill Rea, Computer Services Centre, | E-Mail   b.rea@csc.canterbury.ac.nz |
| University of Canterbury,           | or     cctr114@csc.canterbury.ac.nz |
| Christchurch, New Zealand           | Phone (03)-642-331 Fax (03)-642-999 |
-----------------------------------------------------------------------------
From: runelord@prax.EBay.Sun.COM (David B. Williams)
Newsgroups: misc.invest
Subject: auto insurance brokers
Date: 4 Jan 1993 22:13:12 GMT
Organization: Sun Federal
Distribution: world
Reply-To: runelord@prax.EBay.Sun.COM
NNTP-Posting-Host: prax.ebay.sun.com
Keywords: customary procedures

I asked an auto insurance broker for a price on an insurance policy.
He told me it was customary to apply to the company and see what their response is.
He then asked for deposit and a small processing fee.  Is it customary to pay a deposit before
seeing the price of the policy, or is this a bunch of bunk?

E-mail responses appreciated.

--Dave


Newsgroups: misc.invest
From: steveny@panix.com (Steve Bookman)
Subject: NYC Building Mortage  FinanFinancing Wanted
Date: Tue, 5 Jan 1993 22:33:12 GMT
Organization: PANIX Public Access Unix & Internet, NYC

I am on the board of a 20 unit building
in Manhattan, seeking to refinance an underlying
cooperative mortgage at a fixed rate for
15 - 30 years.

Current mortgage is fixed rate 30 years but
was obtained when long term rates were much
higher.

Principal amount would be $350 to $400K.

Private investors as well as institutions
most welcome to inquire.

Email:  steveny@panix.com
From: jli@bingham.utah.edu (Jianliang Li)
Newsgroups: misc.invest
Subject: ======== MERRILL LYNCH IN CHINA ========
Date: 5 Jan 93 23:21:12 GMT
Organization: University of Utah Computer Center


 	A Chinese newspaper reported that Merrill Lynch will soon open an
 	office in Shanghai, China.  The objective is to help Chinese stocks
 	enter the international market.
 
JLi
From: brieck@uoft02.utoledo.edu
Newsgroups: misc.invest
Subject: russian mutual funds
Date: 5 Jan 93 18:45:48 EST
Organization: University of Toledo, Computer Services

Hi,
	I haven't begun to invest.....I want to learn much more! But I do have
a question:
	If I believe that Russia will sort out it's problems and regain control
of their economy, would there be a mutual fund that I could invest in that was
largely composed of Russian stocks/bonds/etc?
	Would it be risky to invest in one (assuming they exist) that was
heavily into utilities(phone, electric).....or would I have a better chance at
grow from one invested in private companies?

	Any thoughts are appreciated....

Brian Rieck
Newsgroups: misc.invest
From: jchen@wind.bellcore.com (Jason Chen)
Subject: Re: How can I profit by investing $20?
Reply-To: jchen@ctt.bellcore.com
Organization: Bell Communications Research
Date: Thu, 7 Jan 93 03:10:28 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.
|> 

Buy 20 lottery tickets. If you are lucky, you get rich. If you are not,
you helped to trim NY deficit. 

Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Q: brokers accepting credit cards?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 4 Jan 1993 20:37:04 GMT

In article <C0BI1M.79H@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>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?)

When American Express says No preset limit, they mean they don't
tell you what the limit is.

There's a limit, you can bet on it.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: mcaldon@igc.apc.org (McAldon International Inc.)
Newsgroups: misc.invest
Subject: Re: Electronic Banking
Date: 9 Jan 93 21:38:00 GMT
Nf-ID: #R:1993Jan8.162448.15760@pt.com:688174613:cdp:1426500329:000:505
Nf-From: cdp.UUCP!mcaldon    Jan  9 13:38:00 1993


|I'm not sure if this question fits well into the 
|subject matter of this news group. However, it looks 
|like a subject on which the group may have some collect
|knowledge.

Is that why you posted it twice?
                           
|       DMcKenzie        |      "Time is the best teacher.      |    
|    mcaldon@igc.org     |    Unfortunately, it kills all its   |
|                        |    pupils."   Hector-Louis Berlioz   |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: giao@harpo.seas.ucla.edu (Giao N. Tran)
Newsgroups: misc.invest
Subject: numbers for quoting interest rates ?.
Date: 7 Jan 93 21:40:33 GMT
Distribution: ca
Organization: School of Engineering and Applied Sciences, UCLA


 Greeting !...

 Does any one know if there exist some number or address to quote/monitor
 interest rates on computer ?.  Thanks for any info.

 ---G.T.
Newsgroups: misc.invest