HDTenEightyP/NetNews huggingface dataset:
From: kimf@amaryllis.EBay.Sun.COM (Kim Foster)
Newsgroups: misc.invest
Subject: How to get a stockbroker license
Date: 11 Jan 1993 18:56:57 GMT
Organization: Sun Microsystems Federal, Milpitas, CA.
Distribution: world
NNTP-Posting-Host: amaryllis.ebay.sun.com

I saw an ad on a local newspaper here in San Jose about the Stockbroker
training.  According to the ad, the training would be for about
10 weeks and the cost is $395.  Baraban Securities Inc is the
company that placed the ad.  I called to ask the questions, but
they said that they will send me an invitation and I can come
to the seminar and ask questions.  I would like to get a Stockbroker
License and perhaps work part-time to see if I like the profession.
So, I hope that someone on the net can help me with the following
questions:

1.  Do you know any other training school that you would recommend?
    If you have any information about Baraban Securities, I would
    like to hear about it too.

2.  Should I spend the money to go to training school.  Can I just
    buy some books, study on my own time and then take the test?

3.  Do you know any Stock Brokerage firm that is willing to give
    free training.  

4.  I'm wondering are there any Stock Brokerage firms that hire
    Stockbroker part-time. 

Please email to me as I just start to read misc.invest and I'm
just way behind all the emails.

Thanks very much for the helps,
Kim (kimf@EBay.Sun.Com)

Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: investing $20
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Fri, 8 Jan 1993 02:50:08 GMT

rs69@cunixb.cc.columbia.edu (Rong Shen) writes:

>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
>--
>rs69@cunixb.cc.columbia.edu

There is a good description of what can go wrong with your
"fantastic plan" in the book 

   "Wiped Out"  by an anonymous investor

There are several problems: first, the spread may be very large.
This means that you can't sell at 5 - you can sell at 3, and the
market maker takes the 2. You also can't buy at 2 - you can
buy at 3, and the market maker again takes 1. So, each time
you buy and sell, the market maker makes $2 or $1 but you
earn nothing.

Next, the stock may drop below $2 - say to $1 - now you don't
want to sell, even though you have lost half your money - so
you hold on (maybe even buying more, for the time when it
returns to $5, so that you will earn an extra $1 because of
the lower price). But, instead of going up to $5, it now
starts oscilatting between .50 and $1. Next, it goes to .30,
and remembering the saying that you should cut your losses,
and let your profits run , you sell out, only to see it rise
to $10.
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 07 Jan 93 00:24 PST
Subject: Re: Whither Standard Brand Paints?
Nf-ID: #R:1993Jan6.154502.20868@mailer.cc.:886830537:cdp:1426500325:000:651
Nf-From: cdp.UUCP!mcaldon    Jan  7 00:24:00 1993


|Does anyone know the situation at SBP? Are they going to recover 
|from Chapter 11 or is it just a slow death? 
|Steve

I have not been in one of their stores lately but I'd guess it's
much too valuable a franchise just to fade away.  Which does not
mean their stock will be worth anything unless they find a turnaround
artist like the guy who fixed what is now Builders' Emporium.  I think
his name is Sigoloff.  That company's bonds shot straight up; don't
remember what happened to the stock.  DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||



Newsgroups: misc.invest,misc.taxes
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Savings Bonds vs. non-deductable IRAs (was: Need advice to lower taxes)
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Fri, 8 Jan 1993 23:40:41 GMT

In article <1993Jan8.174550.3692@craycos.com> jrbd@craycos.com (James Davies) writes:
>I just had an interesting thought (prompted by a recent investigation of
>US Savings Bonds).
>
>If you put money into a EE Savings Bond and leave it there for at least
>5 years, currently you're guaranteed at least a 6% average annual return,
>for up to 30 years.  The interest is tax-deferred until you cash in the
>bond, and it is also free from state taxes. SO, the point is, if you
>want to get a minimum-risk, tax-deferred investment savings bonds sound like
>a better alternative than a non-deductable IRA.
>
>Other pro's of savings bonds vs. IRA's:
...
>Con's:
>	If you're more than 30 years from retirement you will have to
>	cash in earlier than you planned to avoid losing interest.  (EE
>	bonds stop paying interest after 30 years).

But you may be able to convert them into Series HH bonds and
continue deferring the EE bond interest.

>	If short-term CD rates exceed 6% you will probably fare worse
>	than an equivalent ultraconservative IRA would.

Perhaps?

After all the semi-annual EE bond interest will be set at 85% of
5 year Treasury rates.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: ae557@yfn.ysu.edu (Ken Meinken)
Subject: Re: Morningstar
Organization: Youngstown State University/Youngstown Free-Net
Date: Wed, 6 Jan 1993 15:56:26 GMT


Jerry,
If a fund has a good record, but has been going down since 
the last Morningstar review, that doesn't prove anything about
what it will do tomorrow and the next day....

Up to the minute history is still HISTORY.  Yep, it could 
have been dropping for the last 2 months and now is at
a bottom.  Or it could have been climbing for the past
two months and the day you buy is its high for the next
year!

Morningstar isn't the whole story, you still have to be aware
of what is going on in the market.  Read your local paper or one
of the national financial papers.  Compare the current NAV to 
the last one in Morningstar.  But even if the current is up or down
10%, that doesn't determine what its going to do for the next
1, 3 or 12 months.
                                                                                
Many of us have experience in being able to halt the upward 
movement of a security by purchasing a small amount, or halting
the downward movement when we sell, even when we have been tracking
the price daily!

Ken
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Article: 28340 of misc.invest
Organization: AT&T
Date: Mon, 4 Jan 1993 14:44:17 GMT

In article <1992Dec26.172853.14557@odin.corp.sgi.com> toms@ymp.esd.sgi.com (Tom Stephenson) writes:
>
>The thing I think I would do in your place is to:
>	1. Open a 'normal' Schwabb account at the local Schwabb office.
>	2. Ask for the Mutual fund guide (they provide it free).
>	3. Spend a few hours on a weekend with the survey of the listed mutual
>	   funds and itemize the most important features. (Select the TYPE of
>	   fund you are intrested in).
>	4. Select a few funds that follow the investment strategy you have
>	   selected in step 3. (Growth, Bond funds etc)
>	5. Invest some volume of $$ based on the individual funds you select.
>	   (You may find some comfort in selecting funds that Schwabb offers
>	   with no load [commission] and provision for xfer to other funds
>	   with the same provision.)
>
>In that method, you need not spend time from every day following your
>investment. (I don't have all that much invested and I STILL follow them every
>day. Sometimes I feel like THEY own ME rather than the other way around...)
>
>					Tom Stephenson

Best advice is to learn all you can about investing over a period
of a year or so before committing any funds. Don't believe what
you read on the net. I would be especially wary of advice from
people who can't even spell Schwab right.

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: Tue, 5 Jan 1993 19:32:47 GMT

In article <QfGNi4600iUz01EKRD@andrew.cmu.edu> jb6k+@andrew.cmu.edu (Joel Bloch) writes:
>This was a very difficult market for the approach Zweig uses because
>there were no clear trends. Throughout the year, Zweig would try to take
>long or short positions only to have the market reverse itself. If you
>are a small investor and tried to follow all these trends, you would
>have had a lot of small losses. Had you just invested in the stocks and
>not tried to time the market, you would have outpreformed his
>newsletter. However, this is not necessarily the case in all markets.

One little tidbit I picked up from Zweig was American Barrick Resources.
Even though the price of gold is at or near six or seven year lows
ABX is at or near a 52 week high. The figures on price persistence
in Value Line are real good going back 5 years or more. There seems to be
limited downside risk, even with consistent weakness in the gold price.

Newsgroups: misc.invest
From: sartin@88open.ORG (Rob Sartin)
Subject: Re: For Sale: Managing Your Money 5.0
Reply-To: sartin@88opensi.UUCP (Rob Sartin)
Organization: 88open Consortium Ltd., San Jose
Distribution: ba
Date: Tue, 12 Jan 93 19:47:25 GMT

In article <1993Jan11.193247.27225@adobe.com> kendall@adobe.com (Janice Kendall) writes:
>I have a copy of Mananging Your Money, with an unopened 5.0 upgrade,
>plus newletters, etc., available for $50.  

Reality check.  I just bought Managing Your Money _9.0_ for $37
plus tax.

Rob
From: festeve@sgcpu1 (Steve Saunders)
Newsgroups: misc.invest
Subject: Electronic stock prices
Date: 8 Jan 93 22:21:36 GMT
X-Newsreader: TIN [version 1.1 PL8]

I am looking for stock prices in electronic form.  I would like to get
daily prices, and also historical data.

I have heard that if you subscribe to Prodigy that you can get
daily stock prices.  Does anyone know the cost involved.
Are there any other alternatives ?

I would also like to find an FTP site with historical stock data.

Any help would be greatly appreciated.
Thanks

Steve (steven.saunders@sdrc.com)
Newsgroups: misc.invest
From: jfm@unislc.uucp (Joseph Marlowe)
Subject: American Investors Alliance?
X-Newsreader: TIN [version 1.1 PL6]
Organization: Unisys Corporation SLC
Date: Tue, 12 Jan 1993 18:31:59 GMT

Has anyone heard of or joined the "American Investors Alliance"?  I recently
received an offer to join, the cost is only $59 a year for a computer
membership.  As a member one is supposed to receive:

1. Subscription to monthly educational AIA Investor News
2. Personalized mutual fund/stock research at your request
3. 2 hotline number
4. Computer screens for undervalued mutual/stock investments
5. Toll-free telephone access for annual reports on any company
6. An 800-company directory of portfoliio-growing dividend reinvestment
   plans
7. The AIA Investment course for self-study
8. 4 bonus reports on funds, stocks, bonds and CD's
9. Discount broker directory
10. Group-buying power discounts

And if you buy the computer option you get (supposedly):

11. Mutual Fund Databank - 2,000 funds
12. Stocka Analysis Software
13. Portfolio Management Software
14. Dividend Reinvestment Plan
15. Free unlimited access privileges to 20,000+ program Investor BBS system

Has anyone joined this organization?  Is all of this stuff they offer for
real?  Seems almost too good to be true ...............

Any comments would be appreciated.
-- 
Joe  Marlowe
Unisys Open Systems Group     | jfm@unislc.slc.unisys.com
320 North 2200 West B2D01     | (801) 594-3743
Salt Lake City, Utah 84116    | (801) 594-6086 Fax
Newsgroups: misc.invest
From: koplik@jar.com (jeff koplik)
Subject: Re: APCC Split?
Organization: JAR Associates, N. Kingstown, RI
Distribution: usa
Date: Thu, 7 Jan 1993 23:01:25 GMT

In article <73076@cup.portal.com> Dave-M@cup.portal.com (David Russell Mottern) writes:
>Does anyone know if APCC split recently? There was a large drop in price
>a couple of weeks ago.

Yes, I think that the split occurred on or around December 17 or 18, 1992.
From: al037@cleveland.Freenet.Edu (Dave Polewka)
Newsgroups: misc.invest
Subject: Sybase reverse split?
Date: 7 Jan 1993 02:01:24 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: al037@cleveland.Freenet.Edu (Dave Polewka)
NNTP-Posting-Host: slc10.ins.cwru.edu



My portfolio statement for Oct. lists Sybase with a note:

  "All shares with an issue date prior to 7/1/91 are subject
   to a 1/2 reverse split.  All other shares are designated
   as "new"."

How can some shares be split and not the others?
What happens to the stock price?
Has this split already taken place?
-- 
=======================
"Endeavor to persevere"
=======================
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Need advice to lower taxes
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Fri, 8 Jan 1993 01:12:35 GMT

In article <16262@auspex-gw.auspex.com> daryl@bovill.auspex.com (Daryl Starr) writes:
>Is there anyway to shelter capital gains for stocks?
>
>For instance. Is there a way to generate losses quickly for a given year which
>will reduce the net gain for the same year?


I'm not sure I understand the question.

If you have large amounts of unrealized (paper)  losses, you can
actually sell now and get the loss.

Since your net loss in any year is limited to $3,000, you can carry
forward unused losses to next year, and keepo repeating this process
as long as you have losses.
>
>Would the losses then be offset by gains in future years?
>

yes.

>Can one trade stocks and avoid capital gains tax?

Regrettably, many many people do,  They lose money year after year
after ...

You can defer gains by not selling your appreciated stocks, but
there are risks to that.  You can give appreciated stocks to charity
and not only avoid the gains and taxes on those gains, (modulo AMT)
but you even get to deduct the market value of the stock.

You can push gains forward into next year through several schemes.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: kendall@adobe.com (Janice Kendall)
Subject: Re: For Sale: Managing Your Money 5.0
Organization: Adobe Systems Incorporated
Distribution: usa
Date: Tue, 12 Jan 1993 17:36:16 GMT

In article <1993Jan12.033801.9854@cbnews.cb.att.com> tcbd@cbnews.cb.att.com (tom.c.b.davison) writes:
>In article <1993Jan11.193247.27225@adobe.com>, kendall@adobe.com (Janice Kendall) writes:
>> 
>> I have a copy of Mananging Your Money, with an unopened 5.0 upgrade,
>> plus newletters, etc., available for $50.  
>>    
>>  Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall
>>   (415)962-2164
>Version 9 is available for list price of less
>than this.  On the other hand, if you can sell it, I have some stuff I'll
>send you on commission.

This is for the Mac.
   
 Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall

      Don't Panic!  Clinton will be our *42*nd President.
Newsgroups: misc.invest
From: dmw@taurus.ece.cmu.edu (Hank Walker)
Subject: Quicken and Investments
Originator: dmw@taurus.ece.cmu.edu
Reply-To: dmw@ece.cmu.edu
Organization: Electrical and Computer Engineering, Carnegie Mellon
Distribution: usa
Date: Tue, 5 Jan 1993 15:35:32 GMT


One point that should be made about investment software is that I think
Quicken will be an obviously superior choice for people who are primarily
interested in checkbook operations, budgeting, and tracking income and
expenses, and whose investments tend to have the following characteristics:
    - mostly mutual funds
    - 401(k)/403(b) retirement plans with unknown details
    - a few stocks

I find the new graphing and querying capability of Quicken 2 for Windows to
be one of its most useful features for gaining insight into where the money
comes from and goes.
Newsgroups: misc.invest
From: larry@boris.webo.dg.com (Larry Rogers)
Subject: Money Stinks for Stock Advice, was Investment magazines
Date: 6 Jan 93 10:07:17
Distribution: usa
Organization: Data General, Westboro, Mass.


When I first started investing in the stock market, I tried Money for
stock picking advice.  I lost alot of money, but I still had the
copies of the magazine, so one could say I still had Money.  Ugh.

Anyway, they have some interesting articles.  Stear clear of their
stock picks.  Anything beyond mutual fund advice should be ignored.

Cheers, Larry
--
    @@               Larry Rogers               *
   @@@               Larry_Rogers@dg.com        *   Big Brother
   @@@ &&&           larry@boris.webo.dg.com    *   is Watching
    @@ &&            Data General  508-870-8441 * 

The opinions contained herein are my own, and do not reflect the
opinions of Data General or anyone else, but they should.

"Sometimes we are the windshield, sometimes we are the bug"
   Dire Straits
From: davida@Bonnie.ICS.UCI.EDU (David Andersen)
Subject: College tuition.
Newsgroups: misc.invest
Date: 9 Jan 93 04:17:33 GMT


As a student at UC Irvine, and a follower of the "How do I invest
for my kids in college in xx years", I thought y'all might be
interested in the following article:

------------------------------------------------------------------------
Newsgroups: uc.news,uc.general,ucsd.news,ucsd.students,ucsd.grads
Subject: >80% UC Fee-Hike
Date: 9 Jan 93 02:22:23 GMT

According to a report, based on the Governor's proposed budget,
prepared by the Assembly Committee on Higher Education,

"The total [UC] fee increase for Fall 1993 would be more than
$2,500, a jump of more than 80% in a single year.
"At $5,500 (or even more) UC students would pay the highest fees of any
comparable public university in the nation.  Seniors enrolled next fall
will have seen cumulative fee hikes of more than 200% over four years.
"No funding would be provided to increase the level of Cal Grants to
keep pace with any fee increase."




---------------------------------------------------------------------------
David Andersen     Scary thought:  Braille menus are now available at the
UC Irvine                          McDonalds Drive-Thru window.
---------------------------------------------------------------------------





Newsgroups: misc.invest
From: bohnert@leland.Stanford.EDU (matthew bohnert)
Subject: Misc.Invest sentiment
Organization: DSG, Stanford University, CA 94305, USA
Date: Sun, 10 Jan 93 00:54:18 GMT

Having read misc.invest for several years, I would like to add my
two cents worth on a sentiment indicator. 

IMHO, the number of new posts that involve ...`I'm new to investing,
how do I get started in the stock market', or `...I'd think I'd like
to trade stocks for the first time, how do I open an account...', etc., etc., 
is hitting an all-time high in recent weeks.  I'm not trying to insult or 
offend anyone, but many contrarians see the flood of newcomers to the market 
as an indicator of peaks.  Perhaps just one more log on the fire, I guess.

Of course, I could be wrong.


Matt Bohnert                 | Ron : That's certainly an impressive desk,  
Building 500, Room 501B      |		Mr. Speaker.
Stanford University          | Tip : Why thank you, Mr. President. It was
Stanford, CA    94035        |		used by Grover Cleveland.
415.723.4490                 | Ron : Really? He was a great pitcher. I played
bohnert@leland.stanford.edu  |      	him in a movie once.
			     | Tip : No sir, you're thinking of Grover C.
			     |		Alexander.  I was referring to
			     |		the former President.  --- Jan, 1981


Newsgroups: misc.invest
From: eshen@hfglobe.intel.com (Eric Shen)
Subject: How long do funds need to hold stocks?
Organization: Intel Corporation
Date: Fri, 8 Jan 1993 19:35:09 GMT

Quick question:

How long do funds (or institutional investors) need to hold
shares of stock once they buy it?  I heard it was a minimum of 
one quarter, but I don't remember the source. (I might have confused it
with the wash-rule for tax-related selling).

The reason I ask is that if there a lot of institutional buying
in a company during a short amount of time, if the funds are required
to hold it for a minimum amount of time, that implies that the stock
will be somewhat stable (short term base) for that amount of time.

Thanks,
Eric Shen
(eshen@pcocd2.intel.com)

Newsgroups: misc.invest
From: federkin@rtsg.mot.com (John Federkins)
Subject: Trimble Navigation (TRMB): what gives?
Organization: Motorola Inc., Cellular Infrastructure Group
Date: Fri, 8 Jan 1993 12:39:21 GMT

Can anyone explain the 2 point jump in Trimble?
Is there any business info, or is it the usual 
over-reaction to tensions in the Gulf?  

-JF
-- 
------------------------------------------------------------------------
   "The sooner you fall behind, the more time you have to catch up!"
John Federkins				Cellular Infrastructure Division
Motorola, Inc.				Arlington Heights, IL
Newsgroups: misc.invest
From: jdavis@nmsu.edu (DAVIS)
Subject: Mutual Fund and Taxes
Organization: NMSU Computer Science
Distribution: misc.invest
Date: Tue, 5 Jan 1993 15:00:42 GMT

Well, maybe wrong group. anyways, Will I receive a INT1099 (or what
ever) from my Mutual Fund company? It the Money that Ive made
considered interest? 
being a college student, Ill be using EZ form. 
 Also, for those beginners out their, I suggest placing some of your
money into a mutual fund. I selected 20th century Ultra. Its been
treating me very well. (Though from what Ive read, high risk
investments scare some people, so looking for the mutual fund that
fits you is the better choice).
Jeff
--
jdavis@NMSU.EDU                  Jeffrey B. Davis  
Just a regular Business Student! Donations? Help pay my way through College!
It costs a lot of money to die comfortably. - Samuel Butler   1835 - 1902
From: markh@sag4.ssl.berkeley.edu (Mark Hurwitz)
Newsgroups: misc.invest
Subject: What's Going On at Birtcher Medical Systems (BIRT)  ?
Date: 8 Jan 1993 17:59:45 GMT
Organization: Space Science Labs
Distribution: usa
NNTP-Posting-Host: sag4.ssl.berkeley.edu



	Does anyone know what has happened to Birtcher Medical Systems
(BIRT on NASDAQ) ?  In just a few days it has dropped from around $7.5
to about $5.75  

	What, other than my ownership, has caused this drop?

	Is now a good buy time for Birtcher?

	      Or good bye time for Birtcher?

Thanks
Mark
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Misc.Invest sentiment
Organization: TRW, INC.
Date: Tue, 12 Jan 1993 00:26:56 GMT

In article <1993Jan10.005418.22005@leland.Stanford.EDU> bohnert@leland.Stanford.EDU (matthew bohnert) writes:

[Article deleted suggesting that excessive new investor questions provides a
contrary indicator for market timing.  mes]

There was a broker who taught a beginning (6 wk) stock market class in
the Torrance [CA] Adult Education Program.  He had come to a similar
conclusion.  When his class attendance was 30 or so, the market was
bottoming; 100 or so was topping.  This was, of course, a very broad
indicator since there were maybe 3 classes per year.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com