HDTenEightyP/NetNews huggingface dataset:
From: markr@mot.com (Mark Rindsberg)
Subject: Re: Deutschmark Account
Reply-To: markr@mcil.comm.mot.com
Organization: MCIL, Tel Aviv
Date: Wed, 22 Jul 1992 05:16:37 GMT

In article <1992Jul21.163102.5510@bronze.ucs.indiana.edu> petri@venus.iucf.indiana.edu writes:
>     I just called Fidelity and they do have a fund that is dedicated
>to the Deutschmark. Unfortunately it operates through the buying and
>selling of forward futures contracts in the Deutschmark, or even worse
>in options in the futures market. Therefore, it is totally 
>dependent on exchange rate fluctuations and independent of
>the current interest rate in Germany--at least to first order.
>      This is not what we are looking for! The fund earned 3.77% 
>last year. I called Shearson and they gave me a local number to call,
>but I suspect that it will be the same story there. 
>I may try Citicorp next.
>
>Howard

Fidelity has a Short Term World Income fund which invests in short-term interest
bearing instruments around the world.  I think it yields over 8% currently. (It is
a relatively new fund and when I purchased some shares, there wasn't any historical
information about yields)  The principal fluctuation has been very low in the past
6 months, so I guess they manage currency fluctuations well.

I am surprised they didn't mention the fund when you called them.

Mark
From: drb@druwy.ATT.COM (BurrittD)
Newsgroups: misc.invest
Subject: Re: Charles J. Givens
Date: 22 Jul 92 18:25:05 GMT

in article <1992Jul22.120412.14061@husc13.harvard.edu>, jdavis@husc13.harvard.edu says:
> 
> In article <2063@tivoli.UUCP>, dfavor@logan.tivoli.com (David Favor) writes:
>>
>> [Much about Givens deleted]
>>
>> I am curious... why should this person cancel? the membership guarentees a
>> $1000 return the first year of your money is refunded. so if this individual
>> makes/saves the $1000 great. if not they get their money back. seems to me
>> there is very little exposure to loss in this situation. there is no guarentee
>> in reading the book.
> 
> Well, actually the guarantee that was posted said that the Givens
> organization reserved the right to help you implement their strategies
> rather than refund your money.
> 
> Also, it appears to me (with no knowledge of this system whatsoever other
> than what has been posted) that one of the strategies is to increase your
> insurance deductable, thereby saving you $x per year in insurance costs.
> 
> This is dangerous!!!  Insurance companies are not stupid.  If they're
> giving you the option of increasing your deductable, then it's probably not
> a good thing for you to do.  
Uh, excuse me, but don't insurance companies give you the option to
LOWER your deductable and pay a higher premium???? Using your logic
this would also benefit the insurance companies because they are not
stupid. How can they have it both ways and benefit both ways???

> I know that there are some cases where you
> want a high deductable (if you can't *afford* to pay the higher insurance,
> for example), but if you get in a car accident or whatever, rest assured
> that this strategy will have cost you money, not saved you money.  With a
> $500 deductable, you effectively have *no insurance* for an insured
> accident that costs $500 to fix.
> 
Yeah, but what if that $500 deductable saves you $250 per year on your premium.
Unless you get in more than one accident every 2 years you are
losing money by having a no deductable.

-- Dave Burritt
From: nkk@wet.UUCP (Butch Katigbak)
Newsgroups: misc.invest
Subject: Re: Deutschmark Account
Date: 27 Jul 92 22:27:44 GMT
Organization: Wetware Diversions, San Francisco

AStarting Jan 1, 1990, US Commercial Banks were authorized to open
Accounts in foreign currencies for its customers.

Previously, this had to be done through their edge Acts or their
Off shore Bank equivalent.

The American Banker Newspaper (new York) carries a weekly summary
of banks that offer these for its customers.

To my recollection, one bank was permitting accounts as low as $2,000.

The economics of it are:

US 30 day CD rate =3%
DM rate is 9% + DM average appreciation of 9% or 18%
	Since the beginning of 1992, DM has appreciated vs US by 18%.

Yen is another. Yen rate is 6 1/2%. Appreciation since Jan 1992 is
	15% BUT there have been some swings..i.e. 132 down to 120, back to
131 to 
current of 124.
.



Newsgroups: misc.invest
Subject: Re: good book on S&L scandal
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 30 Jul 92 18:26:53 CDT
Organization: Garys' Home for Obsolete Computers

suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:

> In article <l71ca0INN4oa@exodus.Eng.Sun.COM> tut@cairo.Eng.Sun.COM (Bill "Bil
> >Yet another surprise is how stupid and slimy Jim Wright
> >(speaker of the House) was.  Almost single-handedly he prevented the
> >closing of Vernon S&L, the 2nd biggest loss after Lincoln S&L.  
> 
> This doesn't come as a surprise to me.
> There isn't a limit to how low
> the politicians will stoop to
> help their constituents.

No, Maurice, that's "contributors", not "constituients". Quite separate
groups, really.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: louis@bmerh596.bnr.ca (Louis Leung)
Subject: Free stock market analysis software
Reply-To: louis@bnr.ca
Organization: BNR Ottawa
Date: Tue, 21 Jul 92 20:18:31 GMT


Does anybody know if I can get any free stock market analysis software
on the network. 


Thank much in advance.


Louis



/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\

Louis Leung 

Bell-Northern Research                     Telephone: (613) 765-4729
1285 Baseline Road.                        Fax      : (613) 763-7047
Ottawa K2C 0A7                             Internet : LOUIS@BNR.CA
Canada                                 

/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\/\
From: lib@cbnews.cb.att.com (Lib)
Newsgroups: misc.invest
Subject: Re: Charles Schwab Mutual Fund Clearing House
Date: 27 Jul 92 20:10:40 GMT
Distribution: usa
Organization: AT&T

In article <KASS.92Jul27142033@elvis.ils.nwu.edu> kass@elvis.ils.nwu.edu (Alex Kass) writes:
>
>In article <84Tv02i01b6A01@JUTS.ccc.amdahl.com> nyp00@cd.amdahl.com (Nicholas Y. Pang) writes:
>
>   I read from a recent financial newsletter that Charles Schwab Discount
>   has recently announced that customers can now invest in any of 80 or
>   more
>   mutual funds at NO charge.  The fee for the service will come from each
>   .....
>   I am a Schwab customer but has not received any annoucement as such. Anybody
>   heard about this? If so, which companies are in this program?

It seems strange that Schwab hasn't made an announcement (at least I, like
you, never got one). However when I called in a trade on Friday the woman
said Oh, that's one of our no-charge funds. Mayhap you can call the Schwab
Mutual Fund number and get a list of funds participating. Some big
groups declined to participate.
From: gld@cunixb.cc.columbia.edu (Gary L Dare)
Newsgroups: misc.invest
Subject: Re: December Surprise Scenario
Date: 24 Jul 92 03:38:39 GMT
Reply-To: gld@cunixb.cc.columbia.edu (Gary L Dare)
Organization: Curious Goods (formerly Louis Vendredi Antiques)

GCTHORNE@idbsu.idbsu.edu (The Eternal Pessimist) writes:
>
>       Okay, I've been pondering the " December Surprise ".
>...
>    Foriegner investors, already moving funds into Europe, panic
>    and bring down some ( or all ) of the remaining nine banks.
>...
>     Find fault with it.  Make my day.  :)

September: Some brainer in Time or Newsweek (finally) points out that
all of the European leaders (and Canada's Mulroney) are more "liberal"
(by the US definition) than Clinton, including Major and Kohl.  

October: Gore kills Quayle in a bloodbath of a debate.  Major Wall
Street heads go to bat on CNBC "Market Wrap" to jockey for Clinton
appointments (like that guy from Merrill-Lynch yesterday).  

November: Clinton wins.

December: Banking "surprise" happens anyways.

gld
--
~~~~~~~~~~~~~~~~~~~~~~~~ Je me souviens ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gary L. Dare				Elections 1992-93:
> gld@cunixD.cc.columbia.EDU		* Jean Chretien (Canada)
> gld@cunixc.BITNET			* Perot^H^H^H^H^H Elvis! (USA)
From: floydb@sun01.admin.rpi.edu (Barry B Floyd)
Newsgroups: misc.invest
Subject: Re: Short Interest on NYSE and NASDAQ Way High
Date: 28 Jul 92 20:34:10 GMT

For 'short interest' statistics and a wealth of other statistics, check
the back dozen pages of Barron's (distributed weekly on Saturday, covers
the preceeding week).
 
barry

-- 
+--------------------------------------------------------------------+ 
| Barry B. Floyd                   \\\       barry_floyd@mts.rpi.edu |
| Manager Information Systems - Admin.\\\             floydb@rpi.edu |
+-Rensselaer Polytechnic Institute--------------------troy, ny 12180-+
Newsgroups: misc.invest
From: shelly@iscnvx.lmsc.lockheed.com (Sheldon Kay)
Subject: Guinness info
Organization: Lockheed Missiles and Space Co.
Date: Thu, 23 Jul 92 15:33:41 GMT

A unsolicted broker called me with the deal of the year.      
He wants to get new clients and show how great he is.

Guinness on the London exchange selling around $10. (US) is expected
to try and get on the NYSE. They are one of the worlds largest 
liquor companies with their fingers in name stuff other than 
Guinness beer. Last year sales were 7B and profits at 1B, showing a hefty
increase from previous year. They want on to the NYSE because the London
market is kind of dead.

Any comments from the net???
      
            _
        |  / \  |
        | /___\ |
        |/ ___ \|   
        | /     |
        | \___  |
        |     \ |
        |  ___/ |

Newsgroups: misc.invest
From: deg@rustin.uswest.com ( Don Gillespie)
Subject: Need Rate of Return formulas
Originator: deg@rustin
Organization: U S WEST Advanced Technologies
Date: Thu, 23 Jul 1992 18:26:25 GMT


I'm looking for some formulas (or software, for that matter) that
I can use to calculate the annualized rate of return on some investments.

Simple example:
	If I invested $1000 a year ago, and that investment is now
	worth $1100, that would be an return of 10%.

A little more difficult example:
	If I invested $1000 eighteen months ago, and that investment
	is now worth $1150, the yearly return would still be 10%, but
	how do I figure in compounding?

A real example:
	If I invested various sums of money into a mutual fund at 
	various times, I'd like to calculate the rate of return based
	on the total amount invested vs. the current value of my account.
	Note that this is quite different than the fund's effective yield
	since the price and dates on which I buy shares is very variable
	(you know, buy high, sell low :) ).

What I really want:
	The same thing as the previous example, but also take into account
	selling some of the fund shares at various times.


Any pointers or suggestions are greatly appreciated.

	Don Gillespie
-- 
----------------------------------------------------------------------
				Don Gillespie	
				U S WEST Advanced Technologies
				deg@advtech.uswest.com
Newsgroups: misc.invest
From: barrett@cloudgen1.gatech.edu (James Barrett)
Subject: Re: Splitting $ into mutual funds (?)
Organization: Georgia Tech College of Computing
Date: Fri, 24 Jul 1992 18:48:05 GMT

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

>One reason I see to have it split is tax liability.  I have a 403(b) in
>mutual funds.  The contribution and dividend are both tax defered till
>retirement age.  And I have other mutual funds account that must pay
>tax every year.  The college fund could be in the kid's name
>instead and the tax rate is lower.  Note that once it is in the kid's
>name, he/she can spend it on a hot rod instead of college and there is
>nothing you can do.

Technically no, but you can always stop other support of that 18 year old
if he/she doesn't go to college.

---------------------OS/2 v2.0 -- It's heeeeerrrreee!!!!!-----------------------
James C. Barrett (barrett@cc.gatech.edu)| "I'm speechless...               
Georgia Tech College of Computing       |      I am without speech." - George
Newsgroups: misc.invest
From: morrison@next3.corp.mot.com (Darren Morrison)
Subject: Nikki Mutual Fund?
Expires: 15 Aug 1992
Organization: MOTOROLA 
Distribution: usa
Date: Thu, 30 Jul 1992 15:50:11 GMT
Keywords: stocks, foreign

Now that the Nikki Index has hit a 6 year low, I would like to buy into  
the Tokyo stock market.  It looks like a good, but risky, opportunity for  
growth over the next 3 to 5 years.  I have spent considerable time in the  
past several weeks looking at individual Tokyo stocks but have decided  
that a mutual fund would probably be a better approach.

I have not had any luck finding a mutual fund that invests in 1) only the  
Tokyo market and 2) Nikki indexed stocks in proportion to the percentage  
of their market capitalization.  Does anyone have any information about  
this type of a mutual fund?

	"When blood is in the streets - its time to buy!"

--
Darren Morrison		email:  morrison@next3.corp.mot.com
Motorola, Inc.		Phone:	1.708.576.4322
1299 E. Algonquin Rd.	  FAX:	1.708.576.6388
Schaumburg, IL 60196		All opinions expressed are mine and
USA				not necessarily those of my employer.
From: hkk38381@uxa.cso.uiuc.edu (Arthur Kwok)
Newsgroups: misc.invest
Subject: Re: British Pound rates
Keywords: Exchange Rates
Date: 25 Jul 92 00:14:47 GMT
Distribution: misc.invest
Organization: University of Illinois at Urbana

rot@mickie.id.macsch.com (Rohit Thukral) writes:

>In article <1992Jul24.162517.3719@cco.caltech.edu>, watson@sampson.ccsf.caltech.edu (Stephen H. Watson) writes:
>|> 
>|> I.e., is the dollar going to get weaker against the Pound anytime
>|> soon, or is it expected to strengthen?  (Just a simple question :-).
>|> 

>The major central banks have been buying up dollars ever since
>German interest rates went up. I suspect that this monetary
>intervention will continue to support the sagging dollar.
>I wouldn't rush out to buy pounds today.

>Rohit
>-- 

Actually, the central banks didn't keep on buying dollars since
the German interest rate went up. They buy dollar at its low and sell
dollar at its high.

To be exact, the central banks has intervened a few times as the interest
differential between U.S. and Europe getting bigger, but dollar has also
changed its course a few times, from its high in last July to its low
in this Jan., and to its another high in this Mar back to its near
historical low last week. Since the dollar has hit bottom this Monday,
I will say sterling will be traded below 1.9000 in next few months.
These two weeks, we may see the dollar tests its low again, as the interest
differential is still way too high. But then, as the economic data shows
a more encouraging picture of the economy, dollar will bounce back. I
don't know whether it will be a long-term upward trend of the dollar.
It depends on the strength of the economy in the rest of the year and the
interest rate, which is most likely going to rise.
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: software co's
Date: 22 Jul 92 16:17:31 GMT
Organization: Boston University Physics Department



	Am I missing something here? Borland comes out with
	earnigns off 87% and the stock goes up?
	Lotus comes out with earning up 26% (below street
	expectations slightly) and the stock takes a dive?
	Shouldn't this happen the other way around?
-- 
Sean J. Merritt		         |      Nietzsche che dice?
Dept of Physics Boston University| 	       Boh!	
merritt@budoe.bu.edu		 | 
Newsgroups: misc.invest
From: barrett@cloudgen1.gatech.edu (James Barrett)
Subject: Re: Drops in Stock Prices
Organization: Georgia Tech College of Computing
Distribution: usa
Date: Tue, 28 Jul 1992 05:25:28 GMT

rmackenz@wtcd.DaytonOH.NCR.COM (Robert Mackenzie) writes:

>So, I guess the question really is: How does one obtain current information
>about a specific stock in time to make a smart move.

While I doubt it would have helped you, Prodigy does offer company news
which is updated frequntly with current news on many, many companies.

---------------------OS/2 v2.0 -- It's heeeeerrrreee!!!!!-----------------------
James C. Barrett (barrett@cc.gatech.edu)| "I'm speechless...               
Georgia Tech College of Computing       |      I am without speech." - George
From: johna@psdcae1.gvg.tek.com (John Abt)
Newsgroups: misc.invest
Subject: Re: "Flash memory"
Date: 21 Jul 92 22:13:33 GMT
Organization: Grass Valley Group, Grass Valley, CA

In article <1992Jul21.162815.20380@microsoft.com> philba@microsoft.com (Phil Barrett) writes:
>>AMD is the leader with INTEL not far behind. AMD just, in the last week, announced
>>a new flash technology partnership with a major Japanese firm (Toshiba I think).

>>AMD should remain a leader in flash; but the big question with AMD now is the 486.
>>If they can ship that chip in Q4 or Q1, their stock should recover.

>This is interesting.  I was under the impression that Intel is the main
>force behind flash.  Didn't they just chop the prices to parity (pun
>semi intended) with DRAM prices?  I've heard very little of AMD in all
>this.  What devices do they have?  What makes them the leader in your
>eyes?  (price? reliability? read speed?  write speed?  Life cycle?
>system support?...)   I'm not trying to be snide, I really want to know. 

AMD sells the most, in terms of $. However, I can't remember my source,
so I may be wrong.

Yes, flash has all the problems you mentioned - life cycle, price,
slow write, quirky (also 12v program supply), but these will all
be worked out in time (probably 1-4 years). But the r&d emphasis
is definately on flash now, and standard eproms will eventually
go away.

As you and others pointed out, flash is opening up many new markets,
e.g., solid state disks, data recorders, etc. 

I read in today`s paper that AMD has cut another deal (in addition to
the Japanese plant deal with Toshiba) with DuPont. They are going to
make data "cartriges" of some kind.

John Abt
Newsgroups: misc.invest,misc.invest.real-estate
From: schmid@ide.com (Stephen Schmid)
Subject: Re: Sold mortgage loans
Keywords: mortgage loan servicers
Organization: IDE, San Francisco
Date: Tue, 21 Jul 92 01:08:34 GMT

Regarding the practice of lending institutions selling loans to other loan
servicing companies, the highly-regarded real-estate columnist Robert Bruss
(he writes a syndicated column -- based in the Bay Area -- he's very good, I
read his stuff every week in the Real Estate section) has written numerous
times that this is one of the most corrupt industries in the country.  He
writes a column in which he responds to readers' letters, and has stated
that he has received a huge number of complaints about unscrupulous loan
servicers.  A big problem is that the law (Federal and States) is inadequate
to police them -- Mr. Bruss says that not much can be done about their
current practices.  He has described several scams they engage in, for
example the "late payment" scam whereby they claim they've received your
payment late and assess penalties.  This forces you to have to send
every payment by certified mail.  There were many others.

What can we do?  I don't know. It seems it will take a concerted outcry
from many people to pressure our legislatures into improving the law.

--------------------------------------------------------------
Steve Schmid           Interactive Developement Environments
schmid@ide.com         San Francisco, CA
--------------------------------------------------------------

Newsgroups: misc.invest
From: hkk38381@uxa.cso.uiuc.edu (Arthur Kwok)
Subject: Re: Metastock Software
Organization: University of Illinois at Urbana
Distribution: na
Date: Thu, 23 Jul 1992 02:52:38 GMT

mramesh@cbnewse.cb.att.com (m.ramesh) writes:

>Could some one tell me how good Metastock software is? Is it worth its price?
>What is is Cheapest proce I can get.  How about COmputrac.

>Is it better to go with telescan instead of metastock?

I think Metastock costs about $299. 

Art

From: mirin@hpnmdla.sr.hp.com (Mirin Lew)
Date: Thu, 23 Jul 1992 20:19:33 GMT
Subject: Questions About Hong Kong Telecom
Organization: Hewlett-Packard, Santa Rosa, CA
Newsgroups: misc.invest

My mother has been thinking about investing in Hong Kong Telecom, which is
traded on the NYSE, presumably as an ADR.  Since I know very little about
ADRs, I hope someone can help answer some of her questions.

The big question is how are the NYSE shares related to the company's regular
shares, which are traded on the Hong Kong exchange?  The prices don't
seem to be directly related.  Are the NYSE shares equivalent to a certain
number of the shares being traded in HK?  If not, then what happens when
dividends or stock splits are declared?                     

Any help on this would be appreciated.

Mirin Lew
mirin@sr.hp.com
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Charles Schwab Mutual Fund Clearing House
Date: 28 Jul 92 19:42:00 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <7537@public.BTR.COM> timlee@btr.com (Timothy J. Lee) writes:

>Some, but not all, of the funds involved will create a separate
>class of shares which are charged an extra fee, according to a
>WSJ article on the subject.  Note that only funds that pay the
>0.25% to Schwab will be tradable at Schwab without a commission.

So the shares bought through Schwab will indeed not be the
same price as if they were bought through the mutual fund
company---they will have extra ("hidden") expenses!!??  Doesn't
sound worth it to me.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4089      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Xref: sparky misc.invest:9875 sci.econ:6525
From: jordan@IMSI.COM (Jordan Hayes)
Newsgroups: misc.invest,sci.econ
Subject: Re: Deutschmark Account
Date: 23 Jul 92 15:28:08 GMT
Followup-To: misc.invest
Organization: Investment Management Services Inc., NYC

Howard Petri <petri@venus.iucf.indiana.edu> writes:

	I still would prefer to open an account here in the US for (for
	less than $25k as at Citicorp). It was my understanding that
	foreign currency accounts were now allowed in the US. Still it
	doesn't seem that they are common or there would have been more
	answers as to where?

The Citibank account is an interesting one, but I bet they have the
minimum to keep costs down.  Moving small amounts of cash from one
currency to another is still fairly expensive.  With a minimum account
size, you can almost be sure that moves will be large enough (and few
enough?) to justify the transactions.

At what minimum would you get an account like this?  If it's a lot
smaller than the $25k, why not just play the currency itself while
travelling?

-----

Hey, new pen-pal-type-deal idea: send a second ATM card to someone you
trust in a foreign country!  Send e-mail to have that person pull out
cash from the ATM or deposit whether you are long or short the
country.  Make sure your account is with a bank that has branches in
that country.  Citibank is certainly a candidate.  These days, ATM
transactions happen at close enough to the spot rate to make you forget
about Thomas Cooke, et al.

Who needs minimums?  ;-)

"Hello, Bank of the Net(TM); can I help you?"

/jordan
Newsgroups: misc.invest
From: pav@dawn.cs.rice.edu (Phuong Vu)
Subject: Wealth Builder *** FOR SALE ***
Organization: Rice University, Houston
Distribution: usa
Date: Wed, 22 Jul 1992 19:30:00 GMT

I have a copy of the program Wealth Builder (latest version)
for sale.  I want $45 for it.  Regular price is around $100.
If interested drop me a note.

Thanks,

Phuong Vu
pav@rice.edu