HDTenEightyP/NetNews huggingface dataset:
From: doug_d@sdd.hp.com (Doug Deprenger)
Newsgroups: misc.invest
Subject: Re: Great American Recreation Corp (GRARE)
Date: 10 Sep 1992 19:01:57 GMT
Organization: Hewlett-Packard, San Diego Division
Distribution: world
NNTP-Posting-Host: hpsdl126.sdd.hp.com

In article <1992Sep9.171213.3317@Arco.COM>, dbgdfd@edp.arco.com (Donald F. Dean) writes:
|> In article <SHAH.92Sep9101745@santur.tay1.dec.com>, shah@tay1.dec.com (Amitabh Shah) writes:
|> |> 
|> |> On 9 Sep 92 00:32:31 GMT, eric@desktalk.com (Eric Lieber) said:
|> |> 
|> |> > Has anyone heard of either GRARE or Hibbard, Brown & Company?
|> |> 
|> |> I haven't heard of GRARE, but if what I have heard about Hibbard Brown is
|> |> true, then they are in the same class as Used Car Salespeople, televangelists,
|> |> and Republicans :-). 
|> |> 
|> |> I would advise your friend to stay away from them.
|> |> 
|> |> -amitabh.
|> |> --
|> |>  
|> 
|> This is an insult to televangelists everywhere.  How could you put them in the same class as republicans.
|> 

 I would put them in the same class as the Head Used Car Salesman - Mr. Clinton.

|> -- 
|> +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
|> + Don Dean                     	 	*  There are very few personal
|> + ARCO Oil and Gas Co.			*  problems that cannot be solved 
|> + Plainold Texas			*  through a suitable application 
|> + dbgdfd@arco.com			*  of high explosives.
|> +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
From: mparsons@fleming.csc.bcm.tmc.edu (Mark Parsons)
Newsgroups: misc.invest
Subject: Re: Did Little Caesars buy Domino's?
Date: 8 Sep 1992 19:15:12 GMT
Reply-To: mparsons@fleming.csc.bcm.tmc.edu (Mark Parsons)
Organization: Baylor College of Medicine, Houston, Tx
Originator: mparsons@fleming.csc.bcm.tmc.edu


Just my $0.02 worth . . .

I heard that Little Caesars bought the baseball team, not
the Domino's Chain . . . 

Mark "I prefer Pizza Hut, or homemade, anyway!! ;-)" Parsons
Newsgroups: misc.invest
From: jchen@flash.bellcore.com (Jason Chen)
Subject: Re: Chinese Currency (Was: Re: Long-term direction of the dollar)
Reply-To: jchen@flash.UUCP (Jason Chen)
Organization: Bellcore, Morristown NJ
Date: Sat, 5 Sep 92 03:15:15 GMT

In article <23086@sybase.sybase.com> coop@sybase.com (John Cooper) writes:
>
>First of all, the fact that a black
>market exists at all seems to me to be a poor sign of confidence.
>
Confidence certainly is a factor for premium in the black market. But the
main reason of the existence of a black market is due to government's tight
control over US dollors. Since it is difficult for general public to exchange
US dollars in the bank, people pay premium on the black to buy them. Confidence
is a factor that decides how strong the demand is.

There was a similar situation in Taiwan in the early 80's. The control was
tight on the US dollors. Therefore, there was a 10% premium in the black
market, even higher for traveller's checks. Since then, the New Taiwan dollars
have become a strong currency against the US dollars, and the goverment has
relaxed exchange control. The black market is virtually gone. 

C. Jason Chen 
jchen@flash.bellcore.com
From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.invest
Subject: Re: Fwd: Funny Money Props Up Wall St.
Date: 11 Sep 92 13:34:43 EST
Organization: Logicon Technical Services, Inc.

In article <8190109@hpfcso.FC.HP.COM>, rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss) writes:
...
> I would like to take exception to the claim that ordinary people own no stock
> at all; I have to point out that the pension funds and 401K's of ordinary
> people are invested in the stock market, and many ordinary people own mutual
> funds and individual stocks.

	NY Transfer is a communist/socialist (anti-capitalist, in any event)
clearinghouse.  Thus the reference to the "exploitation of the common people by
the rich" bent to the story.

	Can't have "common people" think they are the ones being maligned :).

Brett--------------------------------------------------------------------------
	"Why the courts don't tell a husband who has been living off his wife
to go out and get a job is beyond my comprehension."--Joan Lunden
-------------------------------------------------------------------------------
Newsgroups: misc.invest
From: hari@NeoSoft.com (Doug Andersen)
Subject: Summary of Online Investing Services?
Organization: NeoSoft Communications Services -- (713) 684-5900
Date: Sun, 13 Sep 1992 20:58:53 GMT
Keywords: invest stocks online

Does someone have a summary of online services for buying, selling, and
researching stocks that they could post?
 
Thanks in advance.
-- 
Doug Andersen
hari@Sugar.NeoSoft.com
From: ganesh@madras.sybase.com (Ganesh Sundaresan)
Newsgroups: misc.invest
Subject: Re: Question about more generous IRAs.
Date: 8 Sep 92 16:59:05 GMT
Organization: Sybase, Inc.

|> 	Some time ago I read that as part of the presidents growth
|> package, there is a provision to expand the salary limit, for an
|> individual or couple, at which the IRA becomes deductable.
|> Does anyone know if this is still being discussed and, if so,
|> the probability of it being passed?  What are the new income limits
|> for full or partial tax deduction?
 
 More generally, isn't anyone other than me paranoid about
the persistent and ongoing Government fiddling, and proposals
to fiddle, with the rules regarding 401(k)'s, IRA deductibility 
and the taxes on distributions, premature or otherwise? 
Especially given the historically high Federal debt to GNP,
and a languishing tax base in a prolonged recession, I would 
think the temptation to fiddle (to the taxpayer's disadvantage,
of course) should prove irresistible. The recently passed bill
regarding mandatory witholding on direct 401(k) distributions
to a former employee rang some serious alarm bells in my head.

I wonder if the Feds have a confirmed history of "bait-and-switch" 
when it comes to tax shelters. It appears that the tax reform act 
of '86 basically scr*wed everyone who thought REITs and real estate 
limited partnerships were a great idea due to their tax-preferred 
status, and poured money into them. Today, I notice that 
financial planners of every ilk are recommending that one ought 
to sink the maximum possible into a 401(k), then possibly into 
deductible and non-deductible IRA's as well. This would be wise, 
of course, should no changes occur in the current rule regarding a
"mere" 10% penalty on early withdrawals, not to mention
the tax computations for post-retirement withdrawals. 
I wonder if it's going to stay this way, given all the 
money that's pouring in.

Any thoughts?

Ganesh.
From: tgorb@rrc.chevron.com (Joe Gorberg)
Newsgroups: misc.invest
Subject: Radius stock
Date: 10 Sep 92 15:41:55 GMT
Reply-To: tgorb@rrc.chevron.com
Organization: Chevron, Richmond, California

Does anyone have info/comments on Radius Corp. stock.  Yesterday it dropped 2 1/8
to settle at 4 1/2.  It was up to 12 recently.  I read they reported earnings for
Q3 were half of expected.  So what do you think?  Good time to buy? How low will
it go?  How about product development and future potential of the company?

Joe.

Newsgroups: misc.invest
From: markr@mot.com (Mark)
Subject: Re: use of frequent flyer coupons
Reply-To: markr@mcil.comm.mot.com
Organization: MCIL
Date: Sun, 6 Sep 1992 13:42:11 GMT

In article <1992Sep3.151957.6537@unocal.com> stgprao@st.unocal.COM (Richard Ottolini) writes:
>In article <Btyo2I.ww@vcd.hp.com> johne@vcd.hp.com (John Eaton) writes:
>>Steven A. Zedeck (saz@apollo.HP.COM) wrote:
>>: I was just told that if you use a frequent flyer coupon
>>: to get a free flight, you need to declare that as income.
>>: Is this really true ?
>
>The IRS has contemplated it.  Until they require the airlines to file
>miscellaneous income forms (1099s) it will be hard to enforce.
>
>The IRS has contemplated taxing just about everything including fringe
>benefits at work such as medical, free parking, etc.  Often some congressman
>steps in and stops them on behalf of voters or business lobbiests.

Or perhaps they stop these types of laws for their own benefit !!

I'll give you all one guess as to who gets some of the best perks in
the USA.                                                       

Mark


Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: TIAA/CREF
Originator: dodson@bach.convex.com
Date: Fri, 11 Sep 1992 17:38:01 GMT
Distribution: usa
Reply-To: dodson@convex.COM (Dave Dodson)
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.

In article <5740@blue.cis.pitt.edu.UUCP> cdost+@pitt.edu (Constantin D Orogo) writes:
>Anybody out there know of or have any experience with TIAA/CREF. I'm
>thinking of investing my 403(b) into their organization.

I have participated in CREF for about 20 years.  There is a pretty good
article about it in this month's Kipplingers personal finance magazine.

----------------------------------------------------------------------

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
From: cmaae50@cdc1.Berkeley.EDU (Mr   S. Budd)
Newsgroups: misc.invest
Subject: Re: need details on devaluating U.S. currency
Date: 10 Sep 92 11:01:58 GMT
Reply-To: cmaae50@cdc1.Berkeley.EDU (Mr   S. Budd)

In article <1992Sep9.125924.1646@falcon.aamrl.wpafb.af.mil>, bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann) 
|> 
|> 	Mexico during the 70s is a perfect example of why devaluation does
|> nothing to help an economy.
|> 
---

I dont know about the Mexican devaluation but the discussion about devaluation
should also consider these points.
 The US dollar is devaluing as seen by outsiders because people are getting
rid of their US dollars and dumping them at any price they can.  Why?
Because the current economics being practised by the US government thinks
that low interest rates will stimulate the economy.  Thus they are forcing
interest rates down.  People dont want their money in dollars, then, they want
them in a currency which will yield a higher interest rate and be secure ie
the DMark.  
The economic effects of the devaluation of the Dollar will have only be slight
on US citizens 
since the value of goods imported/exported compared to the total US economy
is very small (~10%). In the UK  we inport about 30% of our goods therefore
a devaluation of our pound affects in exact ratio of devaluation about 30%
of all our consumption.
If the dollar remains down for more than about one year then there will be an
effect on the US ecomomy because their goods will appear cheap to the rest of
us and we will start importing from the US rather than makeing them ourselves.
Good for US, bad for us.
From: mikeq@aspen.CNA.TEK.COM (Mike Quigley)
Newsgroups: misc.invest
Subject: Re: Effects of U.S. national debt
Date: 15 Sep 92 20:23:54 GMT
Organization: Tektronix, Inc., Redmond,  OR.

Last night, the McNeil/Lehrer Newshour had Rudman and Tsongas discussing
the national debt. Their consensus: this country's in deep shit unless
the debt problem is solved soon. Rudman (republican) said that
if Bush's proposed tax cuts became a reality, you could kiss your kid's
future goodby. They'd be on their own, and good luck!

They're starting a grass-roots movement to try and tackle the debt.
The problem is public apathy. No one cares about the debt, so the
politicos ignore it.

There was also mention about a possible ``December Surprise'' after the
election: massive commercial bank failures. Republicans and dems
alike are keeping it under wraps because many members of congress are
on the BODs of these propped-up banks.

Stay tuned, and cover your ass!

Mike
Newsgroups: misc.invest
Subject: Re: 401k Rollover Legality Question
From: gary@cdthq.UUCP (Gary Heston)
Date: Tue, 08 Sep 92 21:44:03 CDT
Organization: Garys' Home for Obsolete Computers

chang-mark-yan-ming@CS.YALE.EDU (Mark Yan-Ming Chang) writes:

> In article <VwmPqB3w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
> >chang-mark-yan-ming@CS.YALE.EDU (Mark Yan-Ming Chang) writes:
> >
> >> In article <qwTLqB2w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
> >> >jhc@m2lll.uucp (James H. Coombs) writes:
> >> > ...
> >> >deferred and nondeferred IRAs, forces you to take withdrawls proportionat
> >>  ^^^^^^^^     ^^^^^^^^^^^
> > ...
> >No, I mean deferred and nondeferred. You don't get a deduction for the
> >contributions, you get to defer taxes on them. There is a difference, 
> >since a deduction is a premanent reduction; i.e., you have no future 
> >liability for a deduction.
> 
> Then what is a nondeferred IRA? I think we are talking about tax on the 
> investment income. If you pay tax now (non-deferred), how does it differ from
> normal non-IRA money?

A non-deferred IRA is one on which you cannot defer tax on your
contributions. It differs from non-IRA money in that the *interest*
earned is still tax-deferred.

Ah, for the good 'ol days, when there wasn't this idiotic difference....

Gary Heston, at home....
gary@cdthq.uucp
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell)
Newsgroups: misc.invest
Subject: Re: is there a faq?  want to learn computing tools for financ data
Date: 9 Sep 92 02:39:22 GMT
Distribution: na
Organization: Jet Propulsion Laboratory

igor@charles.ucdavis.edu writes:

>i noticed the gov. indicator database available via ftp notes its
>files are readable by Lotus and one other spreadsheet  which i forget
>presently...

For those of us not familiar with it, could you (or someone)
post the ftp address?  And maybe a word or two on what all
is available there?

Frank
frank@jplpost.jpl.nasa.gov
Newsgroups: misc.invest
From: bible@iastate.edu (Anthony E Bible)
Subject: Re: Any problems with U.S. Savings Bonds?
Organization: Iowa State University, Ames, IA
Distribution: usa
Date: Wed, 9 Sep 1992 14:01:59 GMT

In article <72174@apple.Apple.COM> aaker@apple.com (Mark Aaker) writes:
>
>Does anyone know any reasons to avoid U.S. Savings Bonds
>over the next five year period?
>
>My employer is starting an automatic payroll deduction
>program for them next month, and I'm interested in
>evaluating what the possible "downside" might be.  I'm
>planning this for a savings cushion that I might need for
>an emergency.  I don't plan on needing the money for any
>near-term use.  The literature describing the program tells
>all the wonderful advantages of regular savings, but doesn't
>mention any possible negatives of the program.  Any pointers
>to recent magazine articles would also be appreciated.
>THANKS!    aaker@apple.com

	I have been investing in US Savings bonds for several years.  My
primary reasons for accumulating this money are somewhat different, but one
aspect of it is to have a pool of money for an emergency.  The rate floats so 
you will not be locked in if interest rates should take off again.  However, 
there are some problems with savings bonds for an emergency money pool.  For
one, you only get the guaranteed interest rate if the bond is held for (I think
it's) five years.  If you hold the bond for less time than that you will get a
much lower interest rate -- something comparable to a pass book savings
account.  Since you are talking about buying bonds through payroll deduction,
you will have to hold the last bond you buy five years from now another five
years to get the higher interest rate.  That's ten years from now.  ( I were a
math major wunst.)  The other potential problem is the guaranteed rate.  The
gov't has lowered that once, and I hear someone speculate recently that they
may be planning to do it again before long.  It does not affect the bonds you
have already purchased, but it would affect future purchases.  The final
disadvantage I can think of is that you must hold the bonds for some minimum
time before you can cash them in -- a couple months or so -- so you cannot get
at your most recent purchases if you need the money.
	My *personal* view is that Savings Bonds are probably not that good a
vehicle for a rainy-day fund.  For that sort of thing you need to keep the
money liquid and earning enough to at least keep up with inflation.  Sounds
like money market or plain old bank/credit union/whatever savings account to
me.  I think everyone should have some amount (your choice) in that form before
they even consider any other kind of investment.  It ain't exciting, but when
your car begins to make expensive sounds or your boss calls you in for an
unexpected chat there is nothing like it.

Regards,
tony

Newsgroups: misc.invest
From: gary@intrepid.com (Gary Funck)
Subject: Re: what are stock options?
Organization: Intrepid Technology, Inc.
Distribution: usa
Date: Thu, 10 Sep 1992 15:20:41 GMT

In article <1992Sep8.214804.15983@gumby.dsd.trw.com> suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:
>In article <1992Sep7.074709.23610@cs.umb.edu> sasha@ra.cs.umb.edu (Alexander Chislenko) writes:
>>
>>   - Suppose the broker tells me that a current option price is X;
>>     how do I know how many options I can buy or sell at that price?
>You need to ask your broker for "quote and size".  He may not be able to
>get the size, but that's what it's called.
>

One sidenote: Most exchanges have what they call a "10 up" rule they'll
almost always accept orders at the current bid/ask (depending on whether
you sell/buy) for option orders up to 10 contracts.

You're always free to try and "split the bid" and head somewhere
between the bid/ask.  My own experience is this doesn't usually
work with options, unless the option is moving against you because
the stock price is moving fast.  You generally have no way of
knowing this without real-time quotes.

The same option can be traded simultaneously on different
exchanges.  I've seen 1/8 to 1/4 differences in price on $1.50 options.
Some brokers prefer one exchange over the other; if they're working
for you, there supposed to get you the best price.  Sometimes, with
experience, you can tell them in advance you want quotes on all exchanges.

Liquidity has a lot to do with your ability to shave points.
The more liquid an option is, *usually*, the better deal you can strike
on both the buy and sell.  Some individual traders I know of won't
touch options that haven't traded at least 100 contracts/per day
over the past few days (publications like Investor's Daily give
volume info.)

>>  Is there any book you can recommend on option trading?
>Filling in a previous posting, Options as a Strategic Investment,
>Laurence McMillan.
>

This book is published by the New York Institute of Finance.
70 Pine Street, NYC 10270. Tele: 1-212-344-2900.   This book is really
comprehensive and is almost "all you'll ever need" to understand
options.

There is a new release of this book coming out within the next
month/two.  It'll list for $50 approx.  You'll probably see the
older version being sold at discount for $35/so.  The new release
will have info. on PERCS, CAPS, and LEAPS (don't ask :-)) and
commodity/futures options, too.

>What really matters is to have an opinion about what the underlying stock
>is going to do.  Once you have that, you can determine if the options
>make sense from a risk/reward standpoint.
>-- 
>Maurice Suhre
>suhre@trwrb.dsd.trw.com

Yes, that's the trick :-).  Actually McMillan advocates "nuetral"
strategies that depend strongly on the current level of under/over
value-ness of an option, and various "spread" strategies that
offset most of the risk of just buying a single option.  This
is what he calls an "options strategy".

- Gary
-- 
| Gary Funck  		    gary@intrepid.com  [uunet!uupsi!intrepid!gary]
| Intrepid Technology Inc., Mountain View CA (415) 964-8135
--
Newsgroups: misc.invest
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: 401k Rollover Legality Question
Date: 5 Sep 92 17:46:32 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest
Distribution: usa

gary@cdthq.UUCP (Gary Heston) writes:
|jhc@m2lll.uucp (James H. Coombs) writes:
|> The cost of keeping them separate is the additional complexity of
|> managing multiple accounts.  I want to do one thing with my retirement
|> money, and I don't want to have to do it twice, which also increases
|> the commissions that I have to pay.
|
|I don't really see what is that much harder about having two accounts
|in the same fund instead of one. And what will it cost--$35/year? If

If its just mutual funds, it will cost maybe $10 to $15 per year
per IRA account.  But if the investor wants to use a brokerage
account to invest in individual stocks and bonds, the annual fees
may be higher, and having smaller separate accounts reduces flexibility
and may cause commissions to increase because the investor must make
smaller trades.

|If you take a 401K and roll it into a non-deferred IRA, I think it's 
|all considered a non-deferred account at that point, and you then
|*cannot* separate it later into deferred and non-deferred accounts.
|If you want to make further deferred contributions, you have to open
|another account anyway.

Have a reference to this?
 
|Another tax trap, not directly related to 401Ks but having to do with
|deferred and nondeferred IRAs, forces you to take withdrawls proportionatly,
|even if you've kept the accounts separate, forcing you to pay penalties
|unnecessarily.

What penalties?

--------------------------------------------------------------------
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.
From: Alan.Hess@f1000.n261.z1.fidonet.org (Alan Hess)
Newsgroups: misc.handicap
Subject: Fast Chairs
Date: 10 Sep 92 13:49:04 GMT
Reply-To: Alan.Hess@f1000.n261.z1.fidonet.org
Organization: FidoNet node 1:261/1000 - Nerve Center, Pikesville MD
X-Fidonet: Spinal Injury Conference

Index Number: 24456

[This is from the Spinal Injury Conference]

In a missive of <Sep 01 10:44> John Lynch (1:261/1000)
writes to Alan Hess:

 JL> Well, if you want a chair that will go 10 mph, climb steps, cost
 JL> $2,600. and make you feel like you are in a tank, get an ACCESS.

$2600?  That's cheap for an electric chair.  But it doesn't sound
like what I would like, judging from your reaction.  *adh*

--
Uucp: ..!uunet!bunker!hcap!hnews!261!1000!Alan.Hess
Internet: Alan.Hess@f1000.n261.z1.fidonet.org
From: Gary.Warren@f5.n382.z1.fidonet.org (Gary Warren)
Newsgroups: misc.handicap
Subject: Re: HELP!
Date: 9 Sep 92 16:43:18 GMT
Reply-To: Gary.Warren@f5.n382.z1.fidonet.org
Organization: FidoNet node 1:382/5 - Health-Link, Austin TX

Index Number: 22420

Also her husband might be able to set up a small typing business.  When
I moved back home to my parents from San Antonio, I got a state in-home
family service grant which paid for a notebook computer and bubble jet
printer.  Since I got the system in June, I've advertised in the
newspaper to type papers and resumes.  I've made a LITTLE bit more than
the $39+/month cost of the classified, which enables me to keep the ad
in the paper.  I hope jobs will pick up once the college students start
getting assigned their term papers this semester.  After all, SOMEONE
has to type them!
The rub to all this is that I can't make too much money, or there goes
my Social Security, SSI, Medicare, et al.  Which really sux the mop,
no?
glw

--
Uucp: ..!uunet!bunker!hcap!hnews!382!5!Gary.Warren
Internet: Gary.Warren@f5.n382.z1.fidonet.org