HDTenEightyP/NetNews huggingface dataset:
From: dhesi@cirrus.com (Rahul Dhesi)
Newsgroups: misc.invest
Subject: Re: is it time to invest in Japan?
Date: 21 Aug 92 21:03:28 GMT
Organization: Cirrus Logic Inc.

In <BtCA8L.Jux@news.cso.uiuc.edu> acheng@ncsa.uiuc.edu (Albert Cheng)
writes:

   And if the Americans wake up to work hard instead of waiting for
   Uncle Sam handouts, Japan will be squeezed hard on both sides, high
   end techology and low end consumer goods....  I think Japan may
   still have one more boom to go before really hard pressed by
   others.

This represents a gross misunderstanding of economics and assumes a
zero-sum game in which winners win because losers lose.  In fact, the
better the economies of China and the US get, the better it is for Japan
and for everybody else.  In a healthier world economy Japan and everybody
else will be able to (a) sell more, because other countries will have
more money to spend, and (b) buy better and cheaper products, because
other countries will be more productive.
-- 
Rahul Dhesi <dhesi@cirrus.com>
also: dhesi@rahul.net
From: chandrab@cbnewsf.cb.att.com (b.chandramouli)
Newsgroups: misc.invest
Subject: Re: K. Aufhauser & Co., Pacific Brokerage Services
Date: 14 Aug 92 16:03:41 GMT
Distribution: usa
Organization: AT&T

In article <1992Aug14.072019.10695@leland.Stanford.EDU> bsk@leland.Stanford.EDU (Brian Keller) writes:
>
>The Aufhauser discussion comes at a very interesting time for me - I've
>been dealing with PBS for over a year now but have been thinking of
>additionally opening an account at Aufhauser due to the slightly lower
>commissions. Looking over Aufhauser's fees, however, it seems like they
>nickel and dime people with a variety of little fees to the point where the
>cost difference with PBS is negligable (e.g. 50 cents or less). After the
>latest series of posts, I've decided to stick with PBS.
>

	The Aufhauser discussion comes at a interesting time for me too 
except I am looking to move over to PBS. I currently have an account with
Aufhauser and I am not too happy with them for the following reasons:

	1) The major one is, they require you to have money in your account
	   to cover your trade before they will accept your order. They do
	   not like the  usual 5 working days that is allowed to send in the
	   check. With margin accounts, they do allow a little bit of
	   flexibility but I like the idea of placing an order without
	   any restrictions and sending in the check for that amount in 5 days.

	2) The minor one is, some of their brokers are not professional to
	   the degree I expect them to be. May be I am spoiled by Fidelity
	   with respect to what to expect for customer service, but I think
	   they have a lot to improve. ( In fact I told one of their
	   brokers about this once.)

I talked to PBS the other day and they do allow the 5 day flexibility and
I do not about issue 2 above but from what I have read in this newsgroup
they seem to be okay. So I am switching to PBS soon.

B. Chandramouli
att!acpfs!chandra
Organization: Penn State University
Date: Thu, 20 Aug 1992 13:26:05 EDT
From: <AXD2@psuvm.psu.edu>
Newsgroups: misc.invest
Subject: Re: Phar-Mor

Phar-Mor is a closely held corp. The public is not involved.
                                                            Chuck
Newsgroups: misc.invest
From: M18611@MBVM.Mitre.Org (Kathy Wilk)
Subject: DRIPs (Dividend Reinvestment Plans)
Organization: The MITRE Corporation, Bedford MA 01730
Date: Mon, 17 Aug 1992 19:45:24 GMT

  This has been sent to JDG+@CS.CMU.EDU (John Greiner) who maintains a FAQ on
this topic.
 
  Some DRIP (Dividend Reinvestment Plan) information:
 
  Beatson Wallace, a financial columnist in the Boston (Massachusetts)
Globe newspaper, wrote a column (almost two years ago) in which he
listed seven corporations which permit first-share purchases
directly without any brokerage commission for people wishing to
sign up for dividend reinvestments to acquire more shares (or to
purchase additional shares for cash).
 
  They are:
 
         Central Vermont Public Service Corp, a utility.
                                  802 747-5406
 
         W.R. Grace & Co., sundry manufacturing and chemicals.
                                  800 824-4022
 
         Johnson Controls Inc., auto equipment and plastics.
                                  414 287-3956
 
         Kroger & Co., supermarkets.
                                  513 762-4808
 
         Manufacturers Hanover Corp., banking
                                  212 613-7147
 
         Procter & Gamble Co., soaps and cosmetics.
                                  800 742-6253
 
         Texaco Inc., oil and gas
                                  914 253-6072
 
         The source of his information was The Directory of Companies
Offering Dividend Reinvestment Plans ($24.95, Evergreen Enterprises,
Laurel, Md. 20725-0763).
 
                                 K. Wilk
                                 M18611@MBVM.MITRE.ORG
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Does Milken wear a toupee?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Wed, 12 Aug 1992 19:14:00 GMT


In article <1992Aug11.184549.15414@porthos.cc.bellcore.com>, keith@iscp.Bellcore.COM (Keith Hawkins) writes:
>Yes.  This is true.  When Milken was in court recently, the
>news had court sketches of him.  And he was bald in the sketches.
>I guess you can't wear a toupee in court of something.  (I wonder
>why.)  ...

Because the judge is wearing a wig and you are not allowed to
impersonate a judge.  :-)

I always wonder why judges love to wear black robes.  They look so
hot.
Newsgroups: misc.invest
From: hanrahan@sequent.com (Tom Hanrahan)
Subject: Re: Right time to Invest?
Organization: Sequent Computer Systems Inc.
Distribution: usa
Date: Tue, 18 Aug 92 20:52:19 GMT

In article <1992Aug18.024544.12227@news.columbia.edu> fih1@cunixa.cc.columbia.edu  writes:
>someone mentioned to me that there was a "right" time to
>invest (tax-wise)
>
>does anyone know what this person meatnt?
>
>(besides when prices are down)
>
>

With respect to mutual funds (and individual stocks to a lesser
degree), the correct time to invest tax-wise is just after the fund
goes 'x-dividend.'  X-dividend means that the owner of the fund on
that day will be paid a dividend and/or capital gains distribution for
each share he or she owns.

The value of your fund holding decreases by the amount of distribution
you receive.  Most people reinvest their distributions, so the net
loss to them is 0.  Each share they own is now worth a little less, but
they now own more shares to make up the difference.  However, the
amount of the distribution they received is taxable.

Here is an example.  Say that on the day BEFORE fund A goes x-dividend
you buy 100 shares at $10/share for a total cost of $1000.  The next
day, the fund declares a $1 distribution.  You would receive $100 and
your fund's net asset value decreases to $9/share because of the money
it just paid out.  You reinvest the $100 at $9/share buying 11.111
shares.  You own 111.111 shares, which are still worth $1000, but you
now must pay income tax on the $100 you received from the fund.

You're better off waiting and buying 111.111 shares for $9/share the
day AFTER the fund goes x-dividend because you will not have received
the dividend and will not owe taxes on that distribution.

Theoretically, the same is true for stocks.  All things being equal,
when a company pays a dividend, it's value decreases and the stock
price would reflect the decrease by dropping slightly.  From day to
day, though, all things aren't equal, and stock prices don't always
-- 
Tom Hanrahan	           	
hanrahan@sequent.com
Newsgroups: misc.invest
From: paul@opal.cs.tu-berlin.de (Paul Boehm)
Subject: Re: Broker Solicitation
Reply-To: paul@cs.tu-berlin.de
Organization: ZRZ/TU-Berlin
Date: Sat, 22 Aug 1992 17:10:59 GMT

shacham@erg.sri.com (Nachum Shacham) writes:

>Does this mean that past and present information is totally useless in
>indicating future moves of stock value?  That is, is the variation
>in stock value from today to tomorrow independent from the current stock
>value and its past variations?  
>
>Yet, in other words, is there anyway at all to predict the future to some
>extent (say, so that you are right more times than wrong?)

If a market is efficient than it's impossible to predict the future in 
any meaningful way and you aren't able to get consistently above-average
returns either. No chance, even if your favorite brokerage tells you a
different story.

The situation looks totally different in an inefficient market. But let's
face the problem. The party is over, as soon as the inefficiency is
recognized. To quote Burton Malkiel: "Any regularity in the stock market
that can be discovered and acted upon profitably is bound to destroy 
itself."

P Boehm
From: jose@hpcc01.corp.hp.com (Jose Oseguera)
Newsgroups: misc.invest
Subject: Re: Apartment building.
Date: 21 Aug 92 23:48:29 GMT
Organization: the HP Corporate notes server

/ hpcc01:misc.invest / jlee@shearson.com (Jeff Lee) /  3:05 pm  Aug 20, 1992 /
Are there any differences between a 2-family, 4-family, 6-family, and 
more-than-6-family apartment buildings with respect to taxation,
legal, etc????

Someone is looking at these different kinds of properties and wondering
what are behind these buildings.  He is a first timer and need all
your help.  Please help!

Thanks in advance,



--
......................................................................

jlee@shearson.com
Believing that it can be done is half of the task and the first step 2.
----------
In California you need (I believe) a on-site resident manager for buildings
with more than 12 units. :{
Newsgroups: misc.invest
From: ps9456@medtronic.COM (Pete Sperzel)
Subject: Imperial Savings - where are they?
Organization: Medtronic, Inc.
Distribution: usa
Date: Tue, 18 Aug 1992 19:06:30 GMT


Does anyone know if Imperial Savings/Mortgage is
still in business and if so how can I contact 
them? I had a mortgage with them and need some
information but their 800 # is out of service
and information(San Diego and Pasadena) could
not give me a number. Any help would be greatly
appreciated.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Pete Sperzel  Medtronic Inc., CAE/CAD Dept.
              email ps9456@medtronic.com
From: edd@gvls2.gvl.unisys.com (Ed Dougherty)
Newsgroups: misc.invest
Subject: Re: AT&T Credit Card
Date: 21 Aug 92 17:38:57 GMT
Organization: Unisys Defense Systems, Great Valley Labs, Paoli, Pa

In article <1992Aug21.155022.26358@Armstrong.EDU> newso584@Armstrong.EDU (Robert Newsome) writes:
>Yesterday I recieved a pre-approved application for an AT&T credit card.  This
>card listed several advantages such as it is also a phone card, purchases are
>insured, etc.  I currently have a CITIBANK mastercard.  Are there advantages
>of one card over the over.  I'd liked to hear from other people who use AT&T's
>credit cards.

I use the AT&T card (almost) exclusively now.  I don't know if
they're still offering the same deal but mine is guaranteed free
for life (as long as I use it at least once a year).

Recently, I had a problem with a (mail order) merchant so I did
the usual and wrote AT&T to charge back the stuff.  They handled
it very smothly and then I received a personal call to see if
everything was satisfactory.  I never got service like this 
from city bank or any other Visa supplier; I'm very pleased.

I've never used the phone card features.
ed doc
From: salim@tigger.cs.Colorado.EDU (Salim Alam)
Subject: Re: Nikki (up or down?)
Organization: University of Colorado, Boulder
Date: Fri, 14 Aug 1992 19:36:19 GMT

In article <BsvvFy.Fq2@news.cso.uiuc.edu> acheng@ncsa.uiuc.edu (Albert Cheng) writes:
>
>Japan relies on others to prosper but U.S. is quite self-sufficient.  I
>am not advocating close-door policy but when people get real emotional,
>it seems the way to go.  U.S. will suffer a lot but Japan can be
>devastated.

My my... what a "win-win" situation!  So does this mean closing down
all the Japanese-owned manufacturing plants, etc?  How about all the
Japanese owned real-estate?  How about all the fledgeling companies
that survive only due to Japanese support (for example, NeXT)?  
How about all the companies that depend on Japanese parts (whether
made in this country or Japan) -- you think they would stay in
business? The economies are so intertwined it is probably no longer 
feasible to try & seperate them.  Well, just my $.02....

-Salim
-- 
Salim Alam. CS Graduate Student{} "New processes are created by other
University of Colorado, Boulder{}  processes, just like new humans" - Nemeth
INTERNET: salim@cs.colorado.edu{}  et al, Unix System Administration Handbook.
Newsgroups: misc.invest
From: lowood@leland.Stanford.EDU (Henry Lowood)
Subject: Re: AT&T Credit Card
Organization: DSG, Stanford University, CA 94305, USA
Date: Fri, 21 Aug 1992 16:40:26 GMT

>
>I have been using the AT&T gold card for a year or so, and I am very happy
>with it.  First of all, there is no annual fee for the card.  Secondly,
>there is a 25-day grace period.  Thirdly, you get 10% off your long distance
>charges if you use the card.  Finally, if you have balance on your account,
>the interest rate is lower than most other visa card providers.

This information is somewhat misleading, in that you do not get 10% off your
long distance charges, but only off calls made with the calling card.  This is
nice, but of course those calls are more expensive to begin with.  Other than
that, I agree and I like the card.

Henry
  
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Tax-Free Mutual Funds?
Organization: Taligent, a little subsidiary of two really big companies.
Distribution: usa
Date: Tue, 18 Aug 1992 23:59:41 GMT

I'm looking at a prospectus for a tax-free mutual fund.  It invests in
California state and municipal securities, and as such is more or less
state and federal tax-free.

It appears to be an excellent deal.  There's no commission or load, the
return of the fund has been typically much better than a CD of the
equivalent amount (even before the tax savings are taken into account),
the liquidity is excellent (any amount, any time).

In fact, it's such a good deal that I'm quite certain I'm missing
something.  What is it?  Anyone have any experience with such a thing?
--
-- Christophe

"Be calm.  Look cute."
From: tgorb@rrc.chevron.com (Joe Gorberg)
Newsgroups: misc.invest
Subject: Commodity price data for IPE exchng
Date: 13 Aug 92 15:07:23 GMT
Reply-To: tgorb@rrc.chevron.com
Organization: Chevron, Richmond, California

I'm looking for historical data on traded on London's IPE commodities/futures 
exchange such as Brent crude oil and LGO.  I would like to get
Highs, Lows, Closes, Opens, & Volumes if possible.  Does anyone know of
a source?  

Thanks in advance.

Joe.
From: mlei@mona.jpl.nasa.gov (Mary Lei)
Newsgroups: misc.invest
Subject: portfolio management package for accounting.
Date: 13 Aug 92 15:27:53 GMT
Distribution: usa
Organization: jpl

Can anyone recommend an investment portfolio management software package that has accounting ledger interface for IBM PCs? Please email me mlei@gina.jpl.nasa.gov. Thanks.
From: tucker@shiva.edsg.hac.com (George Tucker)
Newsgroups: misc.invest
Subject: Re: data for Toronto Stock Exchange
Date: 14 Aug 92 17:50:39 GMT
Reply-To: tucker@shiva.UUCP (George Tucker)
Distribution: na
Organization: Hughes Aircraft Co., El Segundo, CA

In article <1992Aug13.213410.17771@epas.toronto.edu> gkirikos@epas.utoronto.ca (George Kirikos) writes:
>Canada Remote Systems, the big Toronto BBS, has end-of-day stock
>quotes available for all US and Canadian exchanges. The phone number
>of the BBS is 416-629-7000. You should be able to log-on as a new user
>and get a demo (there might be a separate demo-line, but I don't know
>it). Te fee is over $100/year (depending on services desired).

Compared to Genie at $6/month and a local number, or the Amer. Investors
Alliance with a download of 4000 quotes plus other stuff for $55/year, no local
number unless you live in Ft. Lauderdale.  Sounds like the Canadian exonomy
still has a ways to drop.

	 George Tucker        tucker@tcville.hac.com
What is the world's largest government subsidy to agriculture,
terrorism, speedboat manufacturing, organized crime, and prison
construction?
Newsgroups: misc.invest
From: jiml@b11.b11.ingr.com (jim locascio)
Subject: Re: Is there a frequently-asked-questions list for this newsgroup?
Reply-To: jiml@b11.b11.ingr.com (Bill Welch)
Organization: Intergraph Corp. Huntsville, AL
Date: Tue, 18 Aug 1992 18:59:42 GMT

In article <1992Aug17.015149.8844@noose.ecn.purdue.edu> rais@rainbow.ecn.purdue.edu (Abdur Rais) writes:
>In article <1992Aug16.205745.3980@leland.Stanford.EDU> rsingh@goliath.Stanford.EDU (   raj) writes:
>>
>>3% interest in savings account is a joke, and i am willing to
>>put some small amount in govt bond/mutual fund, but KNOW NOTHING!
>>(Likely amount: 2-3 thousand)
>>
>>Please email any suggestions, and PLEASE DON'T PULL MY LEG.
>>There's always a first time :-)
>>
>>--raj
>
>Likewise, I am also very interested to put some money in mutual
>funds/etc, and I will appreciate advice on creating a personal
>investment portfolio. I have recently obtained prospectus/application
>forms from Fidelity, Vanguard, Scudders, Benham, Janus, Twentienth Century,
>and Kaufman, and despite following some of the discussions in the net
>recently, I still don't feel comfortable about making a final decision -
>my overall knowledge in this area is very, very limited.  Thanks in advance.
>Abdur

>>Please email any suggestions, and PLEASE DON'T PULL MY LEG.
>>There's always a first time :-)
>>
>>--raj
>
>Likewise, I am also very interested to put some money in mutual
>funds/etc, and I will appreciate advice on creating a personal
>investment portfolio. I have recently obtained prospectus/application
>forms from Fidelity, Vanguard, Scudders, Benham, Janus, Twentienth Century,
>and Kaufman, and despite following some of the discussions in the net
>recently, I still don't feel comfortable about making a final decision -
>my overall knowledge in this area is very, very limited.  Thanks in advance.

I've been reading "Dun & Bradstreet Guide To $Your Investments$ 1992".
This book explains the many different investment options out there: stocks,
bonds, mutual funds, munis, etc. etc.  - how the investments work, what the
risks are, pros & cons. The book is not a "keys to success" or "make a
million dollars with no risk" book.

Hope this helps.

Jim
From: ed@introl.introl.com (Ed Zhong)
Newsgroups: misc.invest
Subject: Re: K. Aufhauser & Co., Pacific Brokerage Services
Date: 14 Aug 92 14:45:21 GMT
Article-I.D.: introl.1992Aug14.144521.30376
Organization: Introl Corp.

In article <1992Aug13.144855.3383@news.nd.edu> dkulkarn@handel.helios.nd.edu (Dinesh Kulkarni) writes:
>Is Pacific Brokerage Services (from LA I believe) any good ?  Do they
>get the same rating as K. Aufhauser or better or as good as Schwab does ?

I've been using PBS for years and I'm a very happy customer. The rate is
(almost) as good as Aufhauser if your normal trade is less than 600 shares.
Aufhauser has too many restrictions, such as >$50,000 initial deposit(to avoid
$20 new account fee), >$1,000 cash balance for interests... PBS has none.
I trade 10-20 times a year with all kind of orders, so far no mistakes or delays
yet. However, PBS doesn't trade mutual funds or bonds.
Schwab charges for more than either PBS or Aufhauser.

>In general, it would be useful to know which major brokers (full service,
>discount, deep discount) to stay away from and which ones are good
>(esp. in the case of deep discounters where rate is a good incentive
>for switching) ?

You only use one or two Good brokerage services, like PBS... and keep away
the rest which you don't have to know if they are good or bad.

--ed

-- 
-------------			-----------------
||	Ed Zhong 		||	I make my money work for me.
||	ed@introl.com		||	I work to make my money work for me.
From: lubell@mimsy.umd.edu (Josh Lubell)
Newsgroups: misc.invest
Subject: Zero-coupon bonds
Date: 18 Aug 92 03:24:55 GMT
Distribution: usa
Organization: U of Maryland, Dept. of Computer Science, Coll. Pk., MD 20742

A broker I talked to recently recommended zero-coupon US bonds as a
short-term (1-2 year) investment.  He says that the annual interest is
much better than money market funds and, since he expects long term
interest rates to go down, the expected return on zero-coupon bonds
is likely to be very good.

This broker is selling Zero Treasury Strips to his clients.  Is this a
good opportunity?  Is there a way to buy without having to pay a
broker's fee?  I'm not very knowledgeable about bonds, so I'd
appreciate any informed opinions.

Josh
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: Zero-coupon bonds
Date: 20 Aug 92 05:52:20 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest
Distribution: usa

lubell@mimsy.umd.edu (Josh Lubell) writes:
|A broker I talked to recently recommended zero-coupon US bonds as a
|short-term (1-2 year) investment.  He says that the annual interest is
|much better than money market funds and, since he expects long term
|interest rates to go down, the expected return on zero-coupon bonds
|is likely to be very good.
|
|This broker is selling Zero Treasury Strips to his clients.  Is this a
|good opportunity?  Is there a way to buy without having to pay a
|broker's fee?  I'm not very knowledgeable about bonds, so I'd
|appreciate any informed opinions.

Zero coupon treasury bonds can be bought at no commission by
going into a commercial bank and asking to buy US Savings Bonds.
Because market rates have fallen so low, the minimum rate on
US Savings Bonds is currently higher than the rates on most other
treasury bonds of 5 years or less maturity.  A commerical bank
should be able to give you some info on them (or a phone number
to a Federal Reserve Bank).

--------------------------------------------------------------------
Timothy J. Lee                 timlee@btr.com  ...!decwrl!btr!timlee
This message comes with no warranty, not even an implied warranty of
fitness for any particular purpose.
Newsgroups: misc.invest
From: bd670@cleveland.Freenet.Edu (Russell I. Dyreng)
Subject: Re: How do I get rid of broker????
Organization: Case Western Reserve University, Cleveland, Ohio, (USA)
Date: Thu, 13 Aug 92 14:54:54 GMT


I assume from your e-mail address that you are on a government
installation, (anl.gov).  It is illegal to use government phones
for conducting personal business and as I understand, it is also
illegal to make sales calls of this nature to a government 
installation.  You should be able to contact your Inspector
General's office and report this guy and bring some official 
pressure on him to cease and desist.

Russ
Newsgroups: misc.invest
From: ssimmons@convex.com (Steve Simmons)
Subject: >>>>>wang stock
Date: Wed, 19 Aug 1992 20:28:51 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

> I don't know if this is another Chrysler, but Chrysler employed so many
> people that it would have been detremental to the economy. 

Chrysler never went bankrupt. The government, the unions and Frank
Sinatra bailed them out before they were forced into bankruptcy.
The US government needed Chrysler because there was a tank contract
with them.  Also, an election year was approaching (ala '79). 

Penn Central is a better example.  They are now real estate holding 
company and they no longer have anything to do with railroads. 

Thank you. 

						Steve Simmons