HDTenEightyP/NetNews huggingface dataset:
From: lestrade@Ra.MsState.Edu (John Patrick Lestrade)
Subject: Re: Losing lottery tickets
Keywords: investment?
Organization: Mississippi State University
Distribution: usa
Date: Wed, 6 Jan 1993 17:05:27 GMT

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


>In article <1993Jan6.143519.6752@porthos.cc.bellcore.com>, keith@iscp.bellcore.com (Keith Hawkins) writes:
>>
>>In other words, if I played $100 worth of lottery
>>tickets which didn't win a penny, would I be able
>>to claim the $100 as a capital loss??   
>>
>Yes, you can deduct loss on schedule A on line 25 (misc. deductions)
>but gambling loss deduction cannot exceed gain which must be included
>in income.  Check your 1040 instruction for detail.

Correct, you cannot deduct the $100 if you do not win anything.
--
John Patrick Lestrade        
cnesta::lestrade                       Let's try again in '96!
lestrade@ra.msstate.edu
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Losing lottery tickets
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 7 Jan 1993 22:19:42 GMT
Keywords: investment?

In article <1993Jan7.020926.18326@lmpsbbs.comm.mot.com> markr@mcil.comm.mot.com writes:
>In article <1993Jan6.155730.23161@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>>In article <1993Jan6.143519.6752@porthos.cc.bellcore.com> keith@iscp.bellcore.com (Keith Hawkins) writes:
>>You can deduct gambling losses up to, but not more than, gambling
>>winnings.  This is ordinary income and not capital gains/losses.
>>
>>
>>>I would assume that I couldn't unless one of the
>>>tickets paid off say $1000 and I could then
>>>say that my gain is really $900 because I can
>>>deduct the cost of realizing my $1000 gain.
>>
>>Yes.  You might have to furnish proof of your losses.
>
>Can you carry-over losses from one year to the next ? (i.e Can you
>use 1991, 1992, etc.. losses to offset a 1993 win ?)

Not if this isn't a business, and I seriously doubt the IRS would
allow a lottery winner to claim it's a business.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: vchan@haas.berkeley.edu (Vincent Chan)
Newsgroups: misc.invest
Subject: US Bioscience
Date: 6 Jan 1993 21:22:51 GMT
Organization: Haas School of Business, Berkeley
Distribution: usa
NNTP-Posting-Host: haas.berkeley.edu

US Bioscience (UBS), anyone has comment ? What do you think about its
future ?

Vincent


Newsgroups: misc.invest
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Trading Places
Keywords: Eddie Murphy
Date: 5 Jan 93 21:36:41 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <1993Jan5.201318.27759@magnus.acs.ohio-state.edu> cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:

>I don't know the details, but it's my impression that selling large
>volumes of futures short requires money, stock and/or credit.  The
>commodity exchanges aren't going to allow someone to come off the street
>and incur huges financial liabilities without some backing.

The movie probably isn't realistic.  They did have some bucks,
though.  Recall when Ackeroid met the prostitute (Jamie Lee
Curtis, I think) she said that she was clean and had $42K
in Tbills.  Also, they were paid money for the fake crop
report from the rich guys.  Finally, when they were entering
the exchange the butler asked them to be careful, since it
was his life savings.  So, by the movie, they easily could
have had $200k to $500k, which may or may not have been enough
to bankrupt the rich guys.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
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.
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Fun w/ Ticker Symbols
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Tue, 5 Jan 1993 21:07:31 GMT

From att!encore.com!lcardali Tue Jan  5 15:21:38 EST 1993

Here's a list of ticker symbols that I didn't see posted to
misc.invest. Could you forward the final list? Thanks.

AAA	US Alcohol
BOOM	Explosive Fabricators
CHUX	O'Charley's
COOL	Cooper Deve
CRUZ	Delta Rental Systems
EYE	Sterling Optical
FISH	Small Oils Field
FLWR	Celebrity
GOGO	Nutri-Products
GYM	Sport Supply
HAMS	Smithfield
HOO	Glacier Water
HOSE	Sheffield Industries
HRT	Arrhythmic Research
IDEA	Invention Design Eng Assoc
IDID	Comparator Systems
III	Insteel
JKPT	Mills Jenning
JOB	General Employment
KOOL	Insta Cool
LABL	Multi-Color
LIPSA	Showcase Cosmetics
LOG	Rayonier Timberlands
PLUGC	Componentguard
POPS	National Beverage
QPON	Seven Oaks
RODS	American Steel & Wire
SALD	Fresh Choice
SEW	Singer Co.
SHOE	Millfeld Trading
SNO	Polaris Industries
SOLD	ADESA Corp
TMBR	Brown Tom
TUGS	Maritrans Partners
TUNE	Intl Cablecasting Tech
USA	Liberty All Star Equity
WTR	Aquarion
ZAP	Helionetics

Louis
lcardali@encore.com

Newsgroups: misc.invest
From: 6881300@LMSC5.IS.LMSC.LOCKHEED.COM
Subject: Re: question for accomplished traders
Organization: Lockheed Missiles & Space Company, Inc.
Date: Mon, 04 Jan 93 11:49:22 PST

In article <2946.2825.uupcb@synapse.org>, Doug Hewko writes:

>> This is a question for all of you accomplished traders out there.
>> Which method, fundamental analysis, technical analysis, or some
>> combination, tends to give you the highest return when picking stocks
>
>IMHO, it's best to use fundamental analysis to determine which stocks?
>to buy and sell, and technical analysis to determine when to buy and
>sell.
>--
>Chris Long, 265 Old York Rd., Bridgewater, NJ  08807-2618

Good explanation.  Another I've heard is:  short term -- use technical,
long term -- use fundamental.

Cordially,
............................................................................
Roy Sette                                       Lockheed Missiles & Space Co.
                                                1111 Lockheed Way, O/82-10
rsette@lmsc.lockheed.com                        Sunnyvale CA 94088-3504
From: shag@aero.org (Robert M. Unverzagt)
Newsgroups: misc.invest
Subject: Re: Sea Containers Ltd.
Date: 7 Jan 1993 19:42:15 GMT
Organization: Organization?  You must be kidding.
Distribution: na
NNTP-Posting-Host: aerospace.aero.org

In article <7JAN199312364775@vx.cis.umn.edu> fqm6448 writes:
> 
> Does anybody know anything about this stock? I'm thinking about
> buying it. It's P/E is about 10, price is about 15, and EPS is $2
> and is expected to increase (Zacks).
> 
Well, which is it: P/E = 10, P = 15      ==> EPS = $1.50
                   P = 15, EPS = $2.00   ==> P/E = 7.5
                   EPS = $2.00, P/E = 10 ==> P = $20.00

-- 
       Rob Unverzagt        |   Last call for alcohol.
  shag@aerospace.aero.org   |   Last call for freedom of speech.
unverzagt@courier2.aero.org |                            - Jello Biafra
From: gbrooksh@comanche.ess.harris.com (Greg Brookshire)
Newsgroups: misc.invest
Subject: Miami Subs (nasdaq SUBS) any comments?
Date: 12 Jan 93 16:21:32 GMT
Reply-To: gbrooksh@comanche.ess.harris.com
Organization: Harris Corporation, Government Aerospace Systems Division

A broker recently recommended Miami Subs (SUBS).  The new store in my
area looks like it is doing well.  Any comments?

---
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Greg Brookshire                                                   407-729-2464
gbrooksh@su100l.ess.harris.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Newsgroups: misc.invest
From: IMAGING.CLUB@OFFICE.WANG.COM ("Imaging Club")
Subject: Re: 401 (k) distribution
Organization: Mail to News Gateway at Wang Labs
Date: Mon, 4 Jan 1993 23:06:46 GMT

Regarding a 401 (k) distribution, fwisgo@qualcomm.com writes:

>What liabilities does my friend incur by investing this money
>...during the 60 day grace period prior to rolling it into the
>401 (k)...?

The December 31 "Money" section of the Boston Globe had a
big article on this topic, entitled "Withholding can eat up
lump-sum 401 (k) distribution".  The article reads:

THE NEW YEAR MARKS THE DEBUT of one of the most notorious taxes
enacted by the last Congress: a 20 percent withholding tax on
lump sum distributions from 401 (k)s, profit-sharing and other
company retirement plans.

But retirees and others leaving their jobs can circumvent the
new tax.  But you'll need to handle lump-sum pension payments
differently.  Otherwise, the withholding tax could trap you into
paying hundreds or thousands of dollars years before you expected
to pay them.  Some people could pay penalties they never would have
had to pay.  Starting tomorrow, employers will be required to
withhold  20 percent of lump-sum pension distributions for the
IRS, unless you authorize your employer to transfer the money
directly to an IRA account or another employer's retirement plan.

In the past, employees didn't need to have their employer make a
direct transfer.  You could take the lump-sum check in hand when
you left the company and avoid any tax or withholding if you
invested it within 60 days in an IRA or a retirement plan at your
new job.  Many people used the 60 days to think about what they
wanted to do with the money.  (Any money not rolled over is
immediately subject to income tax plus a 10 percent penalty if the
withdrawal is made before you reach 59 1/2.)  But after tomorrow,
taking the lump-sum check in hand will automatically trigger the
withholding tax.  If say, you were due a $100,000 lump-sum
payout, your employer would withhold $20,000 for the IRS, and
give you a check for $80,000.

Trouble is, however, if you later decided to reinvest your
lump-sum in an IRA, you would only have $80,000 to invest.
If you roll over only $80,000, the remaining $20,000 of your
$100,000 distribution would be subject to immediate tax as well
as a 10 percent penalty if you're under age 59 1/2.

To avoid having the $20,000 taxed, you'd need to scrape together
$20,000--either by dipping into savings or borrowing--so that
the full $100,000 of your lump-sum payout was reinvested within
60 days.  If you did manage to come up with the funds, you could
get the $20,000 that was withheld by the IRS refunded to you after
you file your tax return.

To prevent such predicaments, you'll need to think about what you
plan to do with your lump-sum pension before the distribution is
made.  If you want to defer taxes on it, have your employer directly
shift the money to an IRA or another company plan so you avoid the
withholding tax.  The new law requires employers to provide employees
with the necessary forms for making direct transfers.

Michael.Willett@OFFICE.Wang.com
Newsgroups: misc.invest
From: bbs.dennis@tsoft.net (Dennis Yelle)
Subject: Interest on short sale proceeds.
Organization: The TSoft BBS and Public Access Unix, +1 415 969 8238
Date: Thu, 7 Jan 1993 04:57:22 GMT

I have had an account at Schwab for several years now.  Ever since
they introduced the Schwab One Account.  (Free checking, and interest
on cash.  Seems like all brokers do that now.)

Well, now it looks like something new is available to the small
investor:  interest on short sale proceeds.  Aufhauser is advertising
it in Investors Business Daily, and Barron's. 

Now, I suppose I could just transfer my account to Aufhauser, and
maybe I will, but today I called Schwab and asked if they would do the
same for me.  The guy who answered the phone avoided answering the
question directly.  Instead he seemed to be more interested in
convincing me that I was crazy for even asking about it.  Now, it
seems to me that if they never did this for any of their customers,
they would come right out and say that, and end the conversation. 
Instead, he wasted my time and his, and came close to pissing me off. 
My conclusion is that they DO do this for some of their customers, and
if I asked in the right way they might even do it for me.  Or you. 

So...  I encourage any or all of you who have any interest in this at
all to call Schwab and ask about it.  I don't have a generic 800
number.  Check your phone book white pages, or yellow pages under
Stock & Bond Brokers.  I figure that if enough folks call them and ask
about interest on short sale proceeds, they will decide to offer it to
us.  Aufhauser's number is 800-368-3668.  You might call them and get
the details first and/or give the guy at Schwab their number if he
suggests that what you want is impossible.

--
Dennis Yelle (bbs.dennis@tsoft.net)
From: paulm@hpcvra.cv.hp.com (Paul McClellan)
Date: Tue, 5 Jan 1993 22:21:16 GMT
Subject: Re: Mutual Funds
Organization: Hewlett-Packard Co., Corvallis, OR, USA
Newsgroups: misc.invest

>  Growth & Income:
>  	Sequoia Fund

I think the Sequoia Fund is closed to new investors.
Newsgroups: misc.invest
From: wmc@sei.cmu.edu (Michael Caldwell)
Subject: Re: Buying stocks directly from a company
Organization: The Software Engineering Institute
Date: Tue, 5 Jan 1993 12:53:15 EST


In article <1993Jan5.164111.2143@leland.Stanford.EDU>, bohnert@leland.Stanford.EDU (matthew bohnert) writes:
|> 
...
|> >members with a recommended $7.50 "mark-up" to cover the sellers costs. You are
|> 									^^^^^^^
|> >obligated to sell a share when contacted. 
|> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
|> 
|> WHOA!  You are `obligated' to sell your shares?!?!?!  What kind of `club' is
|> this?  Perhaps I misunderstood the meaning of the message, but I don't think
|> I'd want to get involved in anything that `obligates' me to buy or sell except
|> whenever I damn well please.  Other than that, the club sounds sort of 
|> interesting.
|> 

Perhaps my use of the word "obligated" is a bit strong. The way the whole
First Share concept seems too work is through members cooperating and helping
each other by selling someone a share when contacted. After all, that's how
you would get started yourself. 
Their free information may explain it better. 

Michael Caldwell
Resident Affiliate
CASE Environments Project
Software Engineering Institute
Carnegie Mellon University
Newsgroups: misc.invest
From: wallace@dtc.hp.com (David Wallace)
Subject: Re: BETA - BLACK SHOLES
Date: Tue, 12 Jan 1993 22:10:33 GMT
Organization: Hewlett-Packard Design Technology Center, Santa Clara, CA

In article <1993Jan9.023553.25985@news.ysu.edu> ai428@yfn.ysu.edu (Daniel Schiffer) writes:
>
>Does anyone know a formula to derive volitlity
> (for use in evluating an option with the Black Sholes model)
>based upon Beta??

It's not very likely that such a formula exists.  The "investments" of
stuffing your money in a mattress or using it to buy lottery tickets both
have a beta of 0 (because the returns are completely uncorrelated with the
market), but they have very different volatilities.

Dave W.
-- 
Dave W. 	(dwallace@dtc.hp.com)
From: timlee@netcom.com (Timothy J. Lee)
Newsgroups: misc.invest
Subject: 401k fees Re: 401K--to rollover or not?
Date: 5 Jan 93 04:17:29 GMT
Reply-To: timlee@netcom.com (Timothy J. Lee)
Followup-To: misc.invest
Distribution: usa

guido@island.COM (Guido Marx) writes:
|Well, I can think of a few.  Most employers pay all the fees
|on their 401K plans so you can save the annual fees that many
|brokerages and banks charge for IRA's.

Careful, though.  Some 401k plans do not disclose what the management
and administrative fees are, unless you ask very carefully.

-- 
------------------------------------------------------------------------
Timothy J. Lee                                        timlee@netcom.com
No warranty of any kind is provided with this message.
Xref: sparky misc.invest:15925 misc.taxes:3988
From: schindler@csa3.lbl.gov
Newsgroups: misc.invest,misc.taxes
Subject: Re: Need advice to lower taxes
Date: 7 Jan 1993 14:38 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: usa
NNTP-Posting-Host: 128.3.254.198
Summary: 401k's and IRA'ss
News-Software: VAX/VMS VNEWS 1.41    

>> He can also place $2000 per year into an IRA account.  While he
>> cannot deduct the $2,000, all earnings in that account grow untaxed
>> until he withdraws thpse funds many years from now.

>   Not if he's already in a 401k with a $100k annual income.  There's
>   a cap on the income you can earn & be in a 401k & fund an IRA.
> 
>   Unfortunately, the cap applies to married couples as well.  I make
>   much more than my wife, she has a 401k, I don't.  Since we make too
>   much money and she has the 401k, we *can't* fund an IRA.> 
>       - David

Is this true?  I believe that anyone with earnings can put money into an 
IRA but only a subset of those people can deduct the money.  David says 
some people can't even put money into an IRA, period.  Which is it?

|=======================================================================|
| Aaron Schindler                                Schindler@csa.lbl.gov  |
|                                                                       |
| "How I made my fortune?  It was really quite simple.  I bought an     |
| apple for five cents, spent the evening polishing it, and sold it the |
| next day for 10 cents.  With this I bought two apples, spent the      |
| evening polishing them, and sold them for 20 cents.  And so it went   |
| until I had amassed $1.60.  It was then that my wife's father died    |
| and left us a million dollars.                     --anon             |
|=======================================================================|
From: georgec@eng.umd.edu (George B. Clark)
Newsgroups: misc.invest
Subject: CliniCorp
Date: 5 Jan 93 18:13:48 GMT
Distribution: usa
Organization: University of Maryland

In article <C0E6ED.y0@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>
>I think another idea behind the conglomerate strategy was
>to generate the impression of being a "growth" stock.
>
>By acquiring more and more companies, the conglomerate 
>can demonstrate steadily increasing earnings, and
>earn a premium for growth.

That brings to mind CliniCorp, symbol BACK. They are the only publicly
owned company involved in chiropractic, and they are buying up
privately owned chiropractic offices throughout the USA. 

I guess they will operate them like a franchise.
From: waveland@carson.u.washington.edu (Eric Holeman)
Newsgroups: misc.invest
Subject: Re: How can I profit by investing $20?
Date: 7 Jan 1993 22:40:17 GMT
Organization: University of Washington
NNTP-Posting-Host: carson.u.washington.edu

I had one suggestion, which I e'mailed the poster, but then thought of
another.  

The first was to scrape up another five bucks and go to the bank and
buy a fifty-dollar U.S. savings bond.  Not a particularly exciting 
investment, but there aren't many others you can get for $25 that 
will pay around 5%.  They have the added advantage over savings 
accounts that you absolutely cannot touch them for six months, an 
important feature from someone like me who was pretty good at 
grabbing that automatic deduction as soon as it was deducted.  
 
The second, which hit me as I was writing a check to Visa, was 
to send it to a high-interest creditor.  At current rates, that's 
19.8% for your money, better than you'll find from most mutual funds.

An update: the new number for savings bond rate info is 1-800-4-US-BONDS.


Newsgroups: misc.invest
From: pkedrosk@student.business.uwo.ca (Paul S. Kedrosky)
Subject: Re: Borland
Organization: University of Western Ontario
Date: Fri, 8 Jan 1993 04:21:32 GMT

sood@moon.ral.rpi.edu (Deepak Sood) writes:

> Hello,
> 
>    Does anybody have an idea why Borland is trading so low these
> days? It has been losing constantly and I believe that the high
> last year was around 80. Is it a good buy?

People are very down on Borland and there are a whole bunch
of reasons for it. Borland is going to announce a hefty quarterly loss; their
run rate on Quattro Pro for Windows is lower than expected; they
still haven't shipped a Windows database in spite of having promised
it for as long ago as last summer. Borland's margins are taking a beating
on sales of software suites, they blame Microsoft for trying to cut
margins to the bone (or past).

In general it just adds up to the Street believing that Borland is
about to (has already) entered rough waters. Personally, I'm still a
Borland believer. I think Kahn has good people and good technology; I
think the stock is close to bottom (I'll quickly regret saying that)
and is probably a good six to nine month (or longer) buy.

p


 __________________________________________________________________________
     Paul S. Kedrosky              __/ "In a certain village in La Mancha,
    pkedrosk@business.uwo.ca      __/ which I do not wish to name, there
   University of Western Ontario __/ lived not long ago a gentleman..."
  (519) 679-2111 x5174          __/
From: miller@miki.pictel.com (Steve Miller)
Newsgroups: misc.invest
Subject: Quicken & Investments
Date: 4 Jan 93 18:22:50 GMT
Distribution: na
Organization: PictureTel Corporation

gilman@cshl.org (Michael Gilman) wrote:
> In article <1993Jan2.143316.783@uoft02.utoledo.edu>,
> brieck@uoft02.utoledo.edu wrote:
> > 
> > 	Didn't I just read a couple of days ago about an add-on for Quicken?
> > Someone said that it was about $19 if I remember correctly.
> > 	I recently purchased Quicken for Windows and am hoping it will help me
> > as I start to invest. I love the program and it works well for credit
> > cards/bank accounts/etc, but how well is it suited to stocks/bonds? And what can
> > you tell me about this add-on?
> > 
> > Thanks!
> > 
> > Brian Rieck
> 
> The add-on I have heard about is a tie-in with a credit card that allows
> you to download charges monthly in a Quicken-compatible format. Saves you
> the trouble of entering and allocating credit card charges manually each
> month.

Actually, the newest version of Quicken does this for you. The add-on
for Quicken for Windows does two things for you:

    1) Tax estimator

       This allows you to enter three different sets of information
       so that you can compare different ways of filing. This is not
       useful for filing a tax form but can be useful for estimating
       the amount of tax to have withheld.

       NOTE: The information can not be printed.

    2) Automatic stock quote downloading

       With Quicken for Windows, stock price information can be imported
       from a file that is generated from downloading the stock prices
       from Prodigy. With the add-on, this is done more automatically but
       it uses a Compuserve account. A 900 number is also included for the
       user who does not have a Compuserve account. I believe that this is
       more expensive than using a Compuserve account.

In addition to these utilities, a book with "Tips from Experts" is included.
Some of the hints are helpful, a lot of the hints are useless.

I picked this up for about $13.99 at Electronics Boutique.

+-------------------------------------------------------+
| Steve Miller                   PictureTel Corporation |
| email: miller@pictel.com       One Corporation Way    |
| phone: (508) 977-8235          Peabody, MA 01960      |
+-------------------------------------------------------+
From: davida@bonnie.ics.uci.edu (David A. Andersen)
Subject: Re: How can I profit by investing $20?
Newsgroups: misc.invest
Reply-To: davida@ics.uci.edu (David A. Andersen)
Organization: Univ. of Calif., Irvine, Info. & Computer Sci. Dept.
Date: 7 Jan 93 21:09:23 GMT


>But don't be discouraged. It is a good basis for "accumulation." Find a
>cridit union that would allow you to open an account with $10 minimum
>(forget about banks). Work hard to save more.  You will gave more options
>when you have a few hunderd dollars.

Then, if you have a nice employer, have money deducted from your paycheck and
sent directly to the credit union.  It will appear on your check with the
other "taxes".  If you don't see the money, you won't spend the money.


David Andersen
UC Irvine



Newsgroups: misc.invest