HDTenEightyP/NetNews huggingface dataset:
From: pkrause@triton.unm.edu (Paul Krause CIRT)
Subject: Re: Tax Certificate Sale
Date: Thu, 08 Oct 92 22:35:40 GMT
Organization: University of New Mexico, Albuquerque

In article <1992Oct8.195023.10508@porthos.cc.bellcore.com> aaron@iscp.Bellcore.COM writes:
>I was reading about tax certificate sales.  Does anyone have any advice
>for how to select a certificate that has sensible risk/potential for
>being profitable?  How does the presence or absence of a bank with a
>lein figure into the equation?

This is another case of real estate being location specific.  I believe each
state will have its own rules/rates/risks.  I believe that in all states the
tax lien will go ahead of any bank or private lienholder and extinguish 
their interest.

Paul

Newsgroups: misc.invest.real-estate
From: macrakis@osf.org (Stavros Macrakis)
Subject: "free" refinancing
Followup-To: lainhart@odel.stg.trw.com
Organization: OSF Research Institute
Date: 12 Oct 92 14:08:07

In article <1992Oct9.164520.24974@gumby.dsd.trw.com> lainhart@odel.stg.TRW.COM (Mike Lainhart) writes:

   Now, the same broker has volunteered to re-refinance to a 7.25%
   loan 30/7 for FREE!... I am still mystified as to exactly what I
   paid for.  What service did the broker really provide that was
   worth $400.00 to me?  Did they make certain that I got the best
   loan?  AND, what did they use a warehouse for?

Good question! Why didn't you ask in time...

   If refinancing in May cost this much, why can they re-do it now for
   free?  Part of the explanation that I have received over the net is
   that they will reuse some of the earlier data (like the appraisal)
   and that they have gotten a good deal with their freindly escrow
   company, etc.  But a large part of their generosity seems to be
   that they make money "selling" the loan.  If they are making enough
   money to pay part of the original refinance fees in this
   re-refinance, why couldn't I have gotten by cheaper in the first
   refinance?

It's not very complicated.  No-fee loans pay the fees etc. out of the
interest, which is slighly higher than if you got a for-fee loan.

	-s
Xref: sparky misc.invest.real-estate:808 misc.consumers.house:13447
Newsgroups: misc.invest.real-estate,misc.consumers.house
From: kseshadr@oracle.uucp (Krishnan Seshadri)
Subject: 75-15-10 loan ?
Reply-To: kseshadr@oracle.uucp (Krishnan Seshadri)
Organization: Oracle Corporation (Federal Division), Bethesda, MD
Distribution: usa
Date: Tue, 13 Oct 1992 19:02:37 GMT
X-Disclaimer: This message was written by an unauthenticated user
              at Oracle Corporation.  The opinions expressed are those
              of the user and not necessarily those of Oracle.


What is a 75-15-10 loan ? I understand that this  enables one to
avoid paying pmi insurance ? I would appreciate any explanations about 
such a loan, and any (dis)advantages in taking out such a loan as opposed
to taking a regular loan .

Thanks in advance.

Krishnan
======================================================================
kseshadr@us.oracle.com     
(301) 913-5017
From: jfox@hooksett.East.Sun.COM (John Fox - SunExpress IR)
Newsgroups: misc.invest.real-estate
Subject: Re: financing land purchace
Date: 13 Oct 1992 13:16:11 GMT
Organization: Sun Microsystems, Inc.
Distribution: world
Reply-To: jfox@hooksett.East.Sun.COM
NNTP-Posting-Host: hooksett.east.sun.com

In article 1918@sco.COM, rogerv@sco.COM (Roger Vortman) writes:
>
>>Check the difference in the monthly payments on a 15-year, as opposed to
>>a 30-year. Depending on the interest rate, a 30-year mort will cost you
>>twice as much as a 15-year over the course of the loan. The monthly cost
>>of a 15-year is only about 5-10 percent higher!! It's foolish to finance
>>anything over 30 years. Plus, in most cases the interest is lower on a 15.
>
>This is not quite correct...rather than 5-10% higher (then why indeed
>ever finance for 30 years, anyone'd be foolish), it is about 25% higher;
>at least this has been the case for me...a 30-year, 9% mortgage that I
>looked at was about $1300/month for 30 years, and $1600/month for 15
>years.  This comes out to about 33% more in my book (($1600 - $1300) / $1300).
>But the point remains that it is surprisingly less than twice as
>expensive to finance for 15 years than it is to finance for 30 years.
>
>-Roger


The whole 30-15 year thing is a rather moot point when it comes to
financing a land purchase. Chances are, this is to build a house in
the near future, and will be paid off quickly. I can't imagine buying
it now, with the intention of building in 15 or 30 years. Given all
that interest is not deductble, it is certainly unwise to pay years and
years of interest and taxes when you are getting no benefit from it.



John
From: laperla@byron.u.washington.edu (Juan Perla)
Newsgroups: misc.invest.real-estate
Subject: Re: house buy simple questions
Date: 15 Oct 92 11:27:52 GMT
Article-I.D.: u.1992Oct15.112752.19571
Distribution: usa
Organization: University of Washington, Seattle

I just assumed a loan on a house and refinanced so that
we could do some remodeling.  My question is, what if any of the
remodeling is tax deductable.  We are diggin out our basement and
finishing it (two bedrooms, bathroom, laundry, rec-room).  This house is
in a residential-commercial zone so we may eventually make it a duplex.
but right now we want to enjoy the extra space.
Thanks in advance,
-- 
Juan Manuel Perla                                    University of Washington
laperla@u.washington.edu             University Computing Services Operations
=============================================================================
"Ha!  Your Leaping Tiger Kung Fu is no match for my Frightened Piglet Style!"
Newsgroups: misc.invest.real-estate
From: rogerv@sco.COM (Roger Vortman)
Subject: Re: financing land purchace
Organization: The Santa Cruz Operation, Inc.
Distribution: usa
Date: Fri, 09 Oct 1992 22:40:26 GMT


>Check the difference in the monthly payments on a 15-year, as opposed to
>a 30-year. Depending on the interest rate, a 30-year mort will cost you
>twice as much as a 15-year over the course of the loan. The monthly cost
>of a 15-year is only about 5-10 percent higher!! It's foolish to finance
>anything over 30 years. Plus, in most cases the interest is lower on a 15.

This is not quite correct...rather than 5-10% higher (then why indeed
ever finance for 30 years, anyone'd be foolish), it is about 25% higher;
at least this has been the case for me...a 30-year, 9% mortgage that I
looked at was about $1300/month for 30 years, and $1600/month for 15
years.  This comes out to about 33% more in my book (($1600 - $1300) / $1300).
But the point remains that it is surprisingly less than twice as
expensive to finance for 15 years than it is to finance for 30 years.

-Roger
From: adamsf@gw.wmich.edu
Newsgroups: misc.invest.real-estate
Subject: NEED APT IN TACOMA.FORT LEWIS AREA
Date: 9 Oct 92 09:37:17 EST
Organization: Western Michigan University

My daughter and her husband have just moved to Fort Lewis, Tacoma.
They are in a large apt complex and will be moving in Feb when 
their lease is up.  They need help from....an agency? or something
like that to find decent, affordable housing in a safe area.

On-post housing is out.  The waiting list is over a year and counting.
Here's the kicker, they have cats and just found out that their first
child is coming.  I have to say they are *very* fussy and picky. 
His last assignment was 4 yrs in Alaska.  She had a full time job
so they have all new furniture and can be "gag me" clean.  

I posted here because I don't know the proper newsgroup(s) for this
situation.  I would appreciate advice from anyone, 'specially you
all in the Tacoma area.

Thanks for listening,

Fran Adams
Telecommunications Dept.
Western Michgian University
From: barle@central.rutgers.edu (Stanko Barle)
Newsgroups: misc.invest
Subject: Coin trading regulation (?)
Keywords: dealers, control, agency, commission, consumer-help
Date: 15 Oct 92 17:09:03 GMT
Organization: Rutgers Univ., New Brunswick, N.J.


Does anyone know whether there is any kind of centralized
control in coin-trading?
I mean, is there any institution which controls the coin
dealers (like the SEC for the stock dealers) or some
consumer-helping institution where I can report a problem
with a coin dealer?

Thanks in advance,
		Stanko
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Newsgroups: misc.invest
Subject: Re: Brokers to be taxed on UNREALIZED CAPITAL GAINS--prop. legislation
Date: 15 Oct 92 16:58:19 GMT
Article-I.D.: cbnews.1992Oct15.165819.25656
Distribution: usa
Organization: AT&T Bell Laboratories,  Columbus, Ohio

In article <1992Oct15.080329.1@kean.ucs.mun.ca> jgarland@kean.ucs.mun.ca writes:
>In article <1992Oct14.212044.2319@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>> 
>>                       If you have it, they will come!
>> 
>> In some ways, we are alredy taxed on unrealized gains:
>>      (shows how)
>
>You don't know the half of it :-)  ...
>
>In Canada a few years ago interest reporting rules were changed such that 
>accrued interest on bonds like savings bonds etc. (NOT bond funds, but the 
>original bonds themselves) is taxed YEARLY _even if it is compounded and not 
>paid to the bondholder in that year_.
>
>Wanna' bet that this hasn't been brought up at the international convention 
>of tax collectors as a wonderful 'revenue enhancement device' ???

The U.S. equivalent, which I should have mentioned in my previous
note, are Zero Coupon Bonds and Certificates of Deposit with a term
over 12 months.

In these cases you are required to impute the interest/increase in
value as of Year End, and report that as income.

In fact, the only debt instrument I know of with a term greater than
12 months that allows you to defer declaring the interest is U.S.
Savings Bonds.   (There are devices with heavy restrictions that
also allow you to defer income, such as IRA accounts.)

However, the Treasury department imposes an annual limit on the
amount any individual can invest in savings bonds.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: jordan@IMSI.COM (Jordan Hayes)
Newsgroups: misc.invest
Subject: Re: Getting a merchant visa account
Date: 13 Oct 92 01:45:07 GMT
Organization: Investment Management Services Inc., NYC

David A. Andersen <davida@ics.uci.edu> writes:

	Do you really want to lose the 2-3% to Visa every time you bill?

This is *way* cheaper than chasing down bad checks.

Did you know that most business checking accounts charge money per
check deposited?

Accepting a credit card is an efficient, cost-effective way of getting
paid.

/jordan
From: jscott@AFIT.AF.MIL (John R. Scott)
Newsgroups: misc.invest
Subject: Re: safe money report
Date: 9 Oct 92 12:51:59 GMT
Organization: Air Force Institue of Technology, WPAFB OH

In article <1992Oct7.215609.7516@awdprime.austin.ibm.com> lwest@futserv.austin.ibm.com (Lynn West) writes:
>From: lwest@futserv.austin.ibm.com (Lynn West)
>Subject: Re: safe money report
>Date: 7 Oct 92 21:56:09 GMT

>In article <BvD31p.5KL@news.larc.nasa.gov>, erlebach@fluke.icase.edu
>(Gordon Erlebacher) writes:

>> Does anyone have any opinions on Irving Weiss, veteran of Wall Street and
>> creator of the Safe Money Report?
>> 
>> He advocates that the market will probably crash in the next year, following
>> the elections, and that one should sell all stock?  Does anyone believe this?
>> It is clear that stocks are overvalued, but will the market actually really
>> crash?  And how bad will it be?
>> 
>>      Gordon

>I have been following markets pretty closely for about seven years. 
>During that time, one would be hard pressed to find a single week in
>which some guru did not suggest that the market would soon crash, and
>similarly another guru predicting that it would soon experience a fairly
>healthy rise.  Most of the people who have made great wealth in the
>stock market, I am told, do not believe anyone can accurately "time" the
>market.

>Lynn West

Many dittos to Lynn's remarks.  Well stated.

John
From: chen@digital.sps.mot.com (Jinfu Chen)
Newsgroups: misc.invest
Subject: Re: Mutual funds with no-fee IRAs
Keywords: IRA, mutual funds, fees
Date: 7 Oct 92 17:54:42 GMT
Distribution: usa
Organization: Motorola, LICD, SPS, Mesa, AZ

In article <1992Oct7.141329.2196@news2.cis.umn.edu> janardan@myria.cs.umn.edu (Ravi Janardan) writes:
>Does anyone have a list of mutual funds (if any)
>that do not charge a set-up fee or an annual
>maintenance fee for IRAs under 10K? (Schwab has such
>a thing but only for amounts >= 10K.)

GT Global's funds don't have any annual fee for IRA.  However, their funds
have heavy front-end load (7.5%).

I believe Janus also has no annual fee for IRA **IF** you pay them $100 (or
$500?) one time fee.
From: stgprao@st.unocal.COM (Richard Ottolini)
Newsgroups: misc.invest
Subject: Re: Mortgages and interest rates
Date: 11 Oct 92 17:01:13 GMT
Article-I.D.: unocal.1992Oct11.170113.19856
Distribution: usa
Organization: Unocal Corporation

In article <3948@phred.UUCP> ian@halcyon.com writes:
>I'm trying to buy a house right now, and I'm hoping that someone out there can
>answer a couple of questions or give some advice.
>
>I'm "floating" my loan rate at this point in hopes that the rates might go down
>before the election.  My mortgage broker is recommending that I wait *at least*
>until October 23 so that I can get the 30-day lock discount (1/4% less than the
>60-day lock, I believe).
>
>However, I'd like to know what other people think about the possibilities of rates
>dropping below what they currently are at.  Is there a chance?  Am I being stupid
>for not locking now?
>
>And I'd really like to know if it is advantageous for my mortgage broker if I
>end up paying a higher rate.  In other words, is he just telling me to wait so
>that he gets a larger commission of some sort?
>
>I would appreciate any opinions or answers anyone out there might have.  Please
>e-mail responses as our news here is usually about 5 days behind.

The economic situation after the presidental election may not be the same as now for
several reasons.  First, figures presented by an incumbant adminsitration interested in
its own perpetuation may be biased in favor of the administration and not reflect reality
precisely.  The implementation of several tough policies, e.g. tightening the S&L
requirements have been delayed until after the election.  Second the election may result
in a change of administration which may cause uncertainty after the elections.

So, my opinion is there will be a chance of more volitiality after Nov 3.  It could go
either way.  So if you are comfortable with what you know now, decide before Nov.  If you
like to gamble, with the intention of greater gain, wait then.
Newsgroups: misc.invest
From: fritz@fc.sde.hp.com (Gary Fritz)
Subject: Dow 30 history online?
Organization: HP SESD, Fort Collins, CO
X-Newsreader: TIN [version 1.1.4 PL6]
Date: Fri, 16 Oct 1992 15:58:30 GMT

Does anyone have access to online historical data (price, dividends, etc.) 
for the 30 DJIA stocks?  I'd like to do a little number-crunching on some
value-oriented investing strategies, but really don't want to spend dozens
or hundreds of hours squinting at old microfiches of the WSJ.

The data doesn't have to be daily.  Monthly would be perfect for my needs.

Thanks for any pointers!
Gary
Newsgroups: misc.invest
From: wouk@alumni.cs.colorado.edu (Arthur Wouk)
Subject: Re: Effects of the U.S. Debt
Organization: University of Colorado, Boulder
Date: Wed, 7 Oct 1992 20:47:38 GMT

In article <samaddar.718407185@dumbo> samaddar@siemens.com writes:
>ohumukin@spectra.com (Kawika Ohumukini) writes:
>
previous discussion about how to pass estates tax free to heirs
omitted

>
>Are the titles (VP/directors) relevant here? Don't the stockholders
>own a company? So, if you make (you and) your family the stockholders,
>when you die, your stocks have to be explicitly transferred to other
>stockholders. Won't that transfer attract any tax?

that is what the profession of estate tax lawyers and the estate tax
laws are about. you don't have to know much to know that the reason we
have the laws we have is because the duponts want to hold on to their
historic fortune, for instance.
-- 
arthur wouk 
internet: wouk@alumni.cs.colorado.edu
From: phred!ian@data-io.com (Ian McAfee)
Newsgroups: misc.invest
Subject: Mortgages and interest rates
Date: 9 Oct 92 19:31:44 GMT
Reply-To: ian@halcyon.com
Distribution: usa
Organization: Physio-Control Corporation

I'm trying to buy a house right now, and I'm hoping that someone out there can
answer a couple of questions or give some advice.

I'm "floating" my loan rate at this point in hopes that the rates might go down
before the election.  My mortgage broker is recommending that I wait *at least*
until October 23 so that I can get the 30-day lock discount (1/4% less than the
60-day lock, I believe).

However, I'd like to know what other people think about the possibilities of rates
dropping below what they currently are at.  Is there a chance?  Am I being stupid
for not locking now?

And I'd really like to know if it is advantageous for my mortgage broker if I
end up paying a higher rate.  In other words, is he just telling me to wait so
that he gets a larger commission of some sort?

I would appreciate any opinions or answers anyone out there might have.  Please
e-mail responses as our news here is usually about 5 days behind.

Thanks in advance,

Ian McAfee  (ian@halcyon.com, phred!ian@data-io.com, or lhf@ecst.csuchico.edu)
Newsgroups: misc.invest
From: jhc@iris.uucp (James H. Coombs)
Subject: Re: 2oth Century
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Distribution: misc
Date: Thu, 8 Oct 1992 21:28:33 GMT

In article <MFSJBD.92Oct8090724@dante.nmsu.EDU> mfsjbd@nmsu.EDU (Jeff Davis) writes:

> IN mutual Fund forecaster it ranked 2oth Century Ultra as the TOP
>predicted growth fund for the next 5+ years. 
> Is mutual fund forecaster any good? ANyone know their track record?

According to Hulbert, MFF has an inferior record.  As for 20th Century
Ultra, well, how can you trust a small-company fund that has allowed
itself to grow 7-fold?  $330 million on 10/31 1990 and $2,148 in 1991.
Well, you can't, and a recent column in Fortune confirmed my
suspicion:  they are now investing in larger companies.  In short, they
have sacrificed their investment mission to their greed.  Now does
MFF talk about that?  Or is MFF still assuming that this is the same
fund that has done well in the past?

--Jim
jhc@iris.brown.edu -- don't trust reply-to fields
Newsgroups: misc.invest
Subject: Re: Getting a merchant visa account
From: gary@cdthq.UUCP (Gary Heston)
Date: Sat, 10 Oct 92 21:51:47 CDT
Organization: Garys' Home for Obsolete Computers

skrenta@casbah.acns.nwu.edu (Rich Skrenta) writes:

> [ I asked this over in misc.entrepeneurs, but there are more questions
>   there than answers. ]
> 
> Briefly:  how I can get a merchant Visa account?  My local bank has
> said "No".  They claim that only businesses with "store fronts" can
> get them.  Can anyone suggest banks which would be willing to deal
> with a small business run out of the home?

The last time I heard this problem mentioned, the people solved 
it by basically lying to the bank. The bank was refusing to set
up the account when they were stating their business as 85% mail
order, and 15% over-the-counter. They swapped the percentages to
85% otc and 15% mail order; the account was promptly set up.

Apparently, the banks are real skitterish about some types of
setups, and accordingly implement stupid, arbitrary rules. I 
don't know if this would be a recommended approach, though.

> Is it problematic to bill someone regularly through a credit card?
> For example, my health club took a swipe when I signed up, and charges
> my credit card monthly for the price of the membership.  This seems like
> an ideal way to bill people for subscriber services, since they don't
> have to fill out and mail in a check each month.  Is this something that
> a standard merchant Visa account allows, or is some sort of special
> approval necessary to do this?

Not so far as I know, but I don't run a small business taking credit 
cards. As long as you send through a credit slip, it should be 
honored.

Gary Heston, at home....
gary@cdthq.uucp
From: rbp@investor.pgh.pa.us (Bob Peirce #305)
Newsgroups: misc.invest
Subject: Re: another stock market crash? '29 wasn't a surprise.
Date: 7 Oct 92 12:09:56 GMT
Reply-To: rbp@investor.pgh.pa.us (Bob Peirce #305)
Distribution: na
Organization: Cookson, Peirce & Co., Pittsburgh, PA

In article <1992Oct4.152412.18625@scott.skidmore.edu> pvonk@scott.skidmore.edu (Pierre VonKaenel) writes:
>In article <1992Oct2.181558.2045@dazixco.ingr.com> dlb@sunloaf.dazixco.ingr.com writes:
>>
>>There were many other influences in '29, such as corruption and market
>>inefficiency that served to screw the small investor in other creative ways.
>>
>
>Correct me if I'm wrong, but.... although the '29 crash included a big
>one day drop, wasn't the market generally going down for a year before
>that day, and didn't a lot of investors see the writing on the wall
>and get out in time?  
>
>Today, many people think the '29 market suddenly crashed in
>one day, out of the blue.  

Nope, more like a couple of months.

	S&P INDEX		   HIGH		    LOW

	Industrials		9/7  @ 25.38	11/13 @ 14.18
	Railroads		9/3  @ 54.91	11/13 @ 48.15
	Utilities		9/23 @ 85.15	11/13 @ 37.69
	Composite		9/7  @ 31.92	11/13 @ 17.66

However, many stocks HAD been going down for most of the year and a lot
were down 20, 30% and more before the high in September, which was an all
time high.  In this respect 1929 was similar to 1972 and, by golly, 1992!
-- 
Bob Peirce, Pittsburgh, PA         rbp@investor.pgh.pa.us         412-471-5320
venetia@investor.pgh.pa.us [NeXT Mail]  !uunet.uu.net!pitt!investor!rbp [UUCP]
Newsgroups: misc.invest
From: Chris.Hynes@bbs.oit.unc.edu (Chris Hynes)
Subject: 20th Century---phone number
Organization: Extended Bulletin Board Service
Date: Mon, 12 Oct 1992 22:19:30 GMT

For everyone who e-mailed me for the phone number of 20th Century and to
anyone else interested, here it is:
     
                         1-800-345-2021

The phone system has been recently automated, so you'll have to punch a
few numbers to get it.  Just ask for a prospecus, and read it before
deciding whether to invest.  Remember, if the fund you invest in starts to
slide, stick it out, and you'll be glad you did.  For best results, use
dollar-cost averaging, or, better yet, value-averaging to guarantee a
solid return.  Good Luck!

Christopher Hynes

Chris.Hynes@bbs.oit.unc.edu
mantis@uncvx1@oit.unc.edu
--
   The opinions expressed are not necessarily those of the University of
     North Carolina at Chapel Hill, the Campus Office for Information
        Technology, or the Experimental Bulletin Board Service.
           internet:  bbs.oit.unc.edu or 152.2.22.80
From: doug.hewko@synapse.org (Doug Hewko)
Newsgroups: misc.invest
Subject: Re: 2oth Century
Date: 11 Oct 92 08:22:00 GMT
Article-I.D.: synapse.81.2825.uupcb
Reply-To: doug.hewko@synapse.org (Doug Hewko)
Distribution: world
Organization: SYNAPSE BBS - GATINEAU, QUEBEC - 819-561-4321

From: doug.hewko@synapse.org

>Ultra, well, how can you trust a small-company fund that has allowed
MS.But... according to Hulbert himself, some of the people who have good records
  .(Zweig comes to mind) have it by the luck of the mailman.  If your mail had
  .been delivered a single day late or if you paused to think a couple of hours,
  .then Zwieg's record would not be as good.  Still, he did 'call' the turn

There is a person on the board where I am who has correctly predicted
the market 9 out of 10 times during the past 10 weeks.....

               Doug
---
 . 1st 1.01 #574 . There is no such thing as accident; it is fate renamed.
                                                                       
Newsgroups: misc.invest