HDTenEightyP/NetNews huggingface dataset:
From: timpson@acetek.enet.dec.com
Newsgroups: misc.invest
Subject: Oakmark fund
Date: 26 Aug 92 19:59:17 GMT
Reply-To: timpson@acetek.enet.dec.com ()
Organization: Digital Equipment Corporation



After reading the writup in last weeks BARONS about The Oakmark Fund  a new (lest than a year) fund. I ordered their prospectus and feel that they have potential.  

My question then is has anyone out there in net land had any experience with the Oakmark Fund.

Thanks

Steve

--
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        |                                                               |
        |  My atheism, like that of Spinoza, is true piety towards the  |
        |  universe and denies only gods fashioned by men in their own  |
        |  image to be servants of their human interests.               |
        |                                                               |
        |                                  -- George Santayana          |
        |                                                               |
        -----------------------------------------------------------------
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 02 Sep 92 19:48 PDT
Subject: Intl Bond caution
Nf-ID: #N:cdp:1426500252:000:409
Nf-From: cdp.UUCP!mcaldon    Sep  2 19:48:00 1992


I just found out currency gains from int'l bond funds have to be
declared and taxed as income at year end.  A good reason to think
twice about buying them from now on.  Selling your shares prior to 
year end won't help. Currency gains will be shown on 1099. DMcKenzie

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

Newsgroups: misc.invest
From: tpradeep@cs.tamu.edu (Pradeep K Tapadiya)
Subject: Re: China stock market
Organization: Computer Science Department, Texas A&M University
Date: Wed, 2 Sep 1992 14:01:08 GMT

In article <1992Sep1.193638.8470@uwm.edu> xiaoqing@convex.csd.uwm.edu writes:
>Dose anyone know if there are any mutual funds in U.S. based on the
>stock market in China. If you know the company's names and phone numbers, 
>please post.
>

Yesterday there was an interview on NBR with a personal from "something"
Tiger Funds. I didn't pay much attention to the interview. Seems like
these funds invest primarily in Asian countries including Hongkong,
Singapore, and Malasia. I think the person being interviewed mentioned
something about their plans for investing in China. I am almost sure
that I heard these funds returned 24% this year and 17% last year.

Will the more informed readers enlighten the net.

Pradeep
tpradeep@cs.tamu.edu
Newsgroups: misc.invest
From: gtcrosby@uts.EDU.AU (G Crosby)
Subject: Expansion of Stock Exchange abbreviations
Organisation: University of Technology, Sydney, Australia
Organization: University of Technology, Sydney, Australia
Date: Fri, 4 Sep 1992 14:53:59 GMT
Summary: Expansions
Keywords: Stocks


Could someone please provide me with company names that match up
with these abbreviations


Abbrn.           Company

AMAT
MRK
GM
MSFT
TOY
RN
F
HAL
GE
SYN
HD
MO
DIS
HWP

Thanks
From: suhre@meltami.dsd.trw.com ()
Subject: Fed Query revisited
Originator: suhre@meltami.dsd.trw.com
Reply-To: suhre@meltami.dsd.trw.com ()
Organization: TRW Space & Defense
Distribution: na
Date: Wed, 2 Sep 1992 23:56:11 GMT

My previous question wasn't stated anywhere nearly precisely enough, but
I certainly enjoyed reading the various responses, corrections to the
responses :-), etc.  I'm trying again.

When the Fed purchases Treasuries from the banks and credits them with
money, is the Fed using up its own "money"?  Or can it do that as much
as it wants to (consistent with increasing bank reserves)?  If the Fed
is using up its own money, how much does it have and where did it get it?
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: stephen@lsil.com (Stephen Lee 8941)
Newsgroups: misc.invest
Subject: Re: Janus twenty fund
Date: 3 Sep 92 21:03:51 GMT
Reply-To: stephen@lsil.com
Organization: LSI Logic Microprocessor Group

In article 24385@ryn.mro4.dec.com, murphy@rock.enet.dec.com () writes:
>
>Does anyone have a report for the Janus 20 fund,
>which I hope would include a holdings list for
>the fund.  I am interested in finding out what securities the
>fund is holding.,  If you could post or forward this
>list (should be around 20 - gee!), I would apppreciate
>it. 

Call them and ask for the most up-to-date annual report
or statement of additional information. (800)525-3713
They will send it to you for free, or you can just ask them
on the phone. They should be happy to tell anyone who is their
customer (or potential customer).

Some netters might have the list but I guess the Janus
salepeople should have the best information available.

---
---- Stephen Lee	Tel (408) 433-8941	Email:stephen@lsil.com
---- Cubicle 18, 2nd floor, Bld. 1525
From: mccabe@gdls.UUCP (Harold McCabe)
Newsgroups: misc.invest
Subject: Re: Economic effects of election results
Summary: Fortune magazine
Date: 27 Aug 92 16:37:35 GMT
Organization: General Dynamics Land Systems, Sterling Heights, MI

In article <1992Aug25.201647.23240@cbfsb.cb.att.com>, mmokhtar@attmail.com (Mazen Mokhtar) writes:
> 
>   What would be the economic effect of a Bush win in November? How about
> a Clinton victory? I am not asking about the changes in the economy due
> to the policies they enact, I am asking about the changes due to their
> victory in and of itself. For example, a Clinton victory is likely to
> decrease the value of the dollar and improve the stock prices of medical
> complanies. A Bush victory might help car maker stocks.

I read in the August 24 Fortune magazine, that more CEO's thought
that Bush would be better for business than Clinton.  One of them (Clinton
or Bush, sometimes I can't remember who is who) favors rebuilding the
US infrastructure, so that builders of bridges, highways, tunnels, etc
would benefit.  The article listed some companies, also.

Harold McCabe
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: Forbes yearly mutual fund issue
Date: 24 Aug 92 02:54:06 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

bakken@cs.arizona.edu (Dave Bakken) writes:
|Has anyone heard when Forbes excellent annual mutual
|fund issue will be out this year?  I recall it being
|out at about the end of August last year.  Thanks!

Issue date is August 31, 1992.  I've seen it.  I've also seen
empty spaces on newsstands where Forbes often sits.

--------------------------------------------------------------------
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: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 02 Sep 92 19:50 PDT
Subject: Re: Benham Funds
Nf-ID: #R:Baxevanis-020992091741@128.231.2:882670549:cdp:1426500253:000:695
Nf-From: cdp.UUCP!mcaldon    Sep  2 19:50:00 1992


|Does anyone have any experience or information on the Benham Group of
|Mutual Funds?  Am considering Benham 1995 and Benham 2000 funds.  Besides
|fund performance, I am especially interested in customer service and how
|they handle trades in general.  Thanks in advance!

I'm not in the zeros you mentioned but I own shares of three other
Benham funds.  I consider their service and procedures excellent,
better than the only other fund I own. DMcKenzie.

                         |        Vote for the environment          |
|    mcaldon@igc.org     |            Vote for AL GORE              |
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Newsgroups: misc.invest
From: devine@mttam (bob devine)
Subject: Re: Long-term direction of the dollar
Organization: Digital Equipment Corporation
X-Newsreader: Tin 1.1 PL3
Date: Wed, 26 Aug 1992 01:07:52 GMT

Note that while the US dollar drops, this makes gold a more
attractive (and dependable?) currency.  Gold has gone up a
few dollars per ounce but if central bank intervention proves
to be ineffective, watch for gold to spurt up.

Bob Devine
Newsgroups: misc.invest
From: whg@INEL.GOV (William H. Gray)
Subject: Re: Long-term direction of the dollar
Reply-To: whg@INEL.GOV (William H. Gray)
Organization: Idaho National Engineering Lab
Date: Fri, 28 Aug 92 16:48:59 GMT

In article <1939@coyote.UUCP>, shekita@yeti.almaden.ibm.com (E. Shekita) writes:
|> [stuff deleted]... Still, you have to wonder 
|> whether there will be a loss of confidence in the dollar that 
|> feeds on itself at some point. Washington has shown no sense of
|> urgency about getting our fiscal house in order.
|> ... [more stuff deleted]

Appropo of this:  the $ is losing ground as the world's primary reserve currency.
What are the investment implications if it does in fact lose this status?  What
are the implications for large borrowers (like the gov't) having their loans denom-
inated in some other currency?  What would that currency be?
========== long legal disclaimer follows, press n to skip ===========

Neither the United States Government or the Idaho National Engineering
Laboratory or any of their employees, makes any warranty, whatsoever,
implied, or assumes any legal liability or responsibility regarding any
information, disclosed, or represents that its use would not infringe
privately owned rights.  No specific reference constitutes or implies
endorsement, recommendation, or favoring by the United States
Government or the Idaho National Engineering Laboratory.  The views and
opinions expressed herein do not necessarily reflect those of the
United States Government or the Idaho National Engineering Laboratory,
and shall not be used for advertising or product endorsement purposes.
From: v070km6q@ubvmsd.cc.buffalo.edu (John B Schutkeker)
Newsgroups: misc.invest
Subject: Re: Re: Nikki (up or down?)
Date: 28 Aug 92 16:44:00 GMT
Organization: University at Buffalo
News-Software: VAX/VMS VNEWS 1.41

roh@CS.ColoState.EDU (Lucas Roh) writes...

>I think we first need to honestly come to term with the fact that Columbus DID
>NOT discover America!  It's just so stupid and such Eurocentric view.
>People were living here!  Geez. 

Get real.  The Europeans did not know America was here, and Columbus found it
for them.  Ergo, he discovered it.  The question is for whom did he discover it.
Certainly not the previous inhabitants, but for your and my ancestors, he
certainly did.

This PC garbage you're spouting drives me up a wall.  Come live in the real
world.

							-- John Schutkeker
Newsgroups: misc.invest
From: vito@well.sf.ca.us (Andris Paul Vitols)
Subject: Seeking advice/info on starting an Investing Club
Organization: Whole Earth 'Lectronic Link
Date: Wed, 26 Aug 1992 05:24:38 GMT


A few of my co-workers and I wish to pool some $ together and buy stocks via
majority decisions.  Are there any pamphlets or some such that can guide us
through with wisdom of someone elses experience.

Thank you
From: df2tg2n@ties.bell-atl.com (Steve Rosen)
Newsgroups: misc.invest
Subject: Re: list of mutual funds?
Date: 1 Sep 92 19:46:44 GMT
Reply-To: df2tg2n@shoes.bell-atl.com
Organization: Bell Atlantic - Phila, PA

In article <14472@gazette.bcm.tmc.edu>, mparsons@fleming.csc.bcm.tmc.edu (Mark Parsons) writes:
|> 
|> Do you have access to back issues of Money (or Forbes??) magazine?
|> (There are probably others, too.)
|> 
|> Money has a complete listing of all(?) mutual funds every year
|> which includes info on loads and their performance over the
|> last 1,3,5 and 10 years.
|> 
|> Mark

I am pretty sure it just came out in the last issue or so.  Same thing for
Forbes and Kipplinger's Personal Finance.

Surely somebody has a scanner and OCR and would be willing to post this item...

-- 
 --=========================================================================--
   Steven M. Rosen / Consultant @ Bell Atlantic - SW Engr. Tech. & Standards
                                  1717 Arch Street (6S2), Phila., PA 19103
   Phone Numbers: W (215)466-2061, FAX (215)563-0517, H (215)465-5334
               +++ Internet/E-Mail: df2tg2n@shoes.bell-atl.com +++
 --=========================================================================--
Newsgroups: misc.invest,misc.taxes
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: 401k Rollover Legality Question
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Wed, 2 Sep 1992 20:35:30 GMT

In article <BtyqpJ.FC3@apollo.hp.com>, saz@apollo.HP.COM () writes:
> 
> > Why should you keep them separate.  Everyone says to keep them
> > separate, but no one says why.  What flexibility is there?  In short,
> > what do we gain?!
> 
> The reason is:
> If you have an IRA that was funded with after tax dollars, you don't
> want to mix your 401K pre-tax dollars with it.  Otherwise, I believe
> uncle SAM taxes you again on the after-tax dollars when you finally
> cash out at age 59.5 or so.

Someone correct me if I'm wrong, but besides the 401(k) to IRA back to
401(k) rollover issue, I don't think there is any reason not to
mix pre-tax and after-tax IRA contributions.  A financial planner
I used to deal with (back when I was sooooo naive) convinced me of
this and used it to aid in the sales pitch for some (loaded) mutual funds.  "It would
not be a good idea to put any after-tax money into your existing credit union
IRA, due to the tax law," I was told.  Well, when I got around to actually filling
out the IRS forms for the tax return, I discovered that the IRS doesn't give a
whit about which account contains what.  Once you have both pre- and after-tax
contributions, in any account whatsoever, they will treat withdrawals from any
of those accounts as including a return of some pre-tax contributions and some
after-tax contributions in a pro-rated fashion.  I believe the ratio used is something
like:

                     (total after-tax contrib's)
non-taxable amount = --------------------------- * (amount withdrawn)
                            (acct value)

(The denominator may be total contrib's, I don't remember for sure.  The
difference would be that in one case, you have a non-taxable amount forever,
and in the other, you use up your non-taxable amount in the earlier withdrawals,
and eventually have only fully taxable distributions.)

Anyway, the IRS doesn't seem to care how the accounts are arranged, just what
the total numbers are.  And that makes sense to me, they have no reason that I
can see for making their job harder by trying to keep track of all the different
IRA accounts someone may have had over their lifetime ('cause you can move
these around rather freely).

-steve p.  (opinions mine, no warranty, standard disclaimers)
Newsgroups: misc.invest
From: whg@INEL.GOV (William H. Gray)
Subject: Re: China stock market
Reply-To: whg@INEL.GOV (William H. Gray)
Organization: Idaho National Engineering Lab
Distribution: usa
Date: Wed, 2 Sep 92 02:23:17 GMT

In article <1992Sep1.193638.8470@uwm.edu>, xiaoqing@convex.csd.uwm.edu  writes:
|> Dose anyone know if there are any mutual funds in U.S. based on the
|> stock market in China. If you know the company's names and phone numbers, 
|> please post.
|> 
I just heard today (on the radio or somewhere) about the Jardine China Fund (JFC,
I think).  Perhaps that's enough of a handle for your (and my) broker to get a
line on it.  I'd also appreciate anything more specific.  I don't get to visit
my broker very often.

========== long legal disclaimer follows, press n to skip ===========

Neither the United States Government or the Idaho National Engineering
Laboratory or any of their employees, makes any warranty, whatsoever,
implied, or assumes any legal liability or responsibility regarding any
information, disclosed, or represents that its use would not infringe
privately owned rights.  No specific reference constitutes or implies
endorsement, recommendation, or favoring by the United States
Government or the Idaho National Engineering Laboratory.  The views and
opinions expressed herein do not necessarily reflect those of the
United States Government or the Idaho National Engineering Laboratory,
and shall not be used for advertising or product endorsement purposes.
Newsgroups: misc.invest
From: frazier@kona.cs.ucla.edu (Gregory Frazier)
Subject: Re: How low will USD go? 
Organization: UCLA, Computer Science Department
X-Newsreader: Tin 1.1 PL5
Date: Thu, 3 Sep 92 19:35:24 GMT

Jim Woodward (jimwo@sssab.se) wrote:
: But no one is saying what's rock bottom. And the banks/governments on
: either side of the 
: Atlantic don't seem to be falling over themselves to change things by
: raising interests rates, etc.
: 
: Any insight as to the best time to buy USDs?

First, the disclaimer - please don't mistake me for an expert, or
even someone mildly knowledgeable.

The U.S. stock market has started a new surge over the last week,
on expectations that the Fed is going to drop interest rates
again.  The market indicators are suggesting that the "recovery"
has fizzled, and the economy will stay relatively stable for
the next 6 mo's; commentators have suggested that the Fed will
not sit by and watch this (i.e. the aforementioned interest
rate drop).  I suspect that the market is pretty good at predicting
Fed moves (I've only seen it goof once recently), so I'd wait for
the interest rate drop and subsequent drop of the dollar.  But,
then, that's easy to say when it's somebody else's money I'm talking
about! :-)

--
"They thought to use and shame me but I win out by nature, because a true
freak cannot be made.  A true freak must be born." - Geek Love

Greg Frazier	frazier@CS.UCLA.EDU	!{ucbvax,rutgers}!ucla-cs!frazier
Newsgroups: misc.invest
From: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: Printing money
Organization: The Ohio State University
Date: Tue, 1 Sep 1992 12:33:44 GMT

In article <18880@polstra.UUCP> larryba@polstra.UUCP (Larry Barello) writes:
>This seems like a stupid question, but what the heck.  If the US wanted
>to print money to pay off debt (e.g. inflate the debt to irrelevance), 
>just how would they go about doing that?  It isn't like there are actual
>paper dollars floating around.  Most dollars are just blips in a computer
>somewhere (like all of us contributers to misc.invest).  Then there are 
>all the USD that are floating around the world.  In just what form does 
>this "money" exist? 
>
>Doesn't the US govt. control the money supply via loaning shiny new 
>greenbacks (blips or actual) to people?  Isn't the current low interest
>rates just that: printing money?

It's a little more complicated than that.  The Federal Reserve buys back
government debt (notes, bills, etc.).  They mostly buy these from banks
who then have more money.  That money is loaned out to customers.  Since
they don't need to have more than a small percentage on hand to pay back
depositors, this actually increases the money supply by a factor of 10
or 20 times the amount of debt the government bought back.  This increase
in funds to loan means the banks will loan it at lower rates, thus decreasing
the interest rate.

>What about the money that I deposit, that then gets loaned to a developer
>who pays wages that get deposited that get loaned...  Is each loan, or 
>turn of the wheel "new money"?  Isn;t bank regulations one of the techiques
>used to control the money supply?

The Federal Reserve can also regulate the percentage of reserves the banks
must keep on hand.  They actually do this fairly infrequently.  They also
set a discount rate at which banks can borrow (when they have exceeded their
reserve requirements).  This rate is also not changed very frequently.  The
buying and selling of debt takes place every week (they sell notes to finance
the debt, and then buy it back to increase the money supply).

>Is the current situation in the US (banks not lending money to people) the
>leading cause of the deleaverage of the money supply (not so many turn of 
>the wheel) and the deflation I hear about in the investment rags?

The main reason banks aren't loaning money is that businesses are concerned
that the economy is declining.  They've also tightened their requirements
to protect their equity.

Newsgroups: misc.invest
From: joemac@eff.org (none given)
Subject: Re: Star/Cirrus network access fee
Followup-To: misc.invest
Organization: The Electronic Frontier Foundation
Date: Tue, 1 Sep 1992 21:04:12 GMT

In article <1992Sep1.171620.26956@donner.SanDiego.NCR.COM>,
josh@tara.SanDiego.NCR.COM (Josh Mereminsky) wrote:
> 
> Does anyone else out there have accounts which waive the network access fee?
> 

I've been looking into banks in the Boston area and have found one with a
similar feature.  It's The Central Co-Op Bank (I think) in Davis Square.
The checking/NOW account they offer has:
 - unlimited free checks (you have to buy your own checks)
 - unlimited ATM access (Cirrus, NYCE, or their own) for $1.50 / month
 - 4% interest
 - minimum balance $500 (with some penalty if the balance falls below)

It is by far the best deal yet as far as low minimum balance for the good
features goes.

I've been told Shamut has a "Partnership" account (that I still need to
look into) that has 4.5% interest and NO ATM usage fee, but the minimum
balance is $2500.

I've been paying for each ATM transaction with my current bank and it bugs
me too.

--joe
From: bl7x@vax5.cit.cornell.edu
Newsgroups: misc.invest
Subject: Accutrade. Any comments?
Date: 30 Aug 92 18:10:00 EDT
Distribution: misc
Organization: Cornell University


I am interested if anyone out there has had any experience with the "deep"
discount br Accutrade.  They offer 3 cents per share with a $48 min.

I would appreciate any information about their service.

	Thanks,    (please respond via email,  BL7X@CORNELLA.CIT.CORNELL.EDU)

		John

Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: Printing money
Originator: dodson@bach.convex.com
Date: Wed, 2 Sep 1992 22:19:54 GMT
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 <2306@gandalf.intel.com> chedley@carthago.intel.com (CHEDLEY_AOURIRI) writes:
>On the short term, the answer is yes!
>The FED can drive short term interest rates to any level they want.
>But, long term interest rates are beyond the control of the FED
>or the government. They are set in the open free bond market.
>Currently, the high long term interest rates (about 7.4%) compared to
>short term interest rates (about 3.5%) indicate that bond investors
>do not believe that these abnormally low short term rates are
>going to stick!!

But if the federal government started issuing more short term debt and
less long term debt, wouldn't long term rates come down.  It really is
sort of silly for the government to be borrowing money at 7.4% when
it could be borrowing at 3.5%, isn't it?

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
From: nicklaus@lonetree.lonetree.physics.wisc.edu (Dennis J. Nicklaus)
Newsgroups: misc.invest
Subject: Re: Closed End Funds
Date: 27 Aug 92 17:15:30 GMT
Article-I.D.: lonetree.NICKLAUS.92Aug27101530
Organization: Univ. Wisconsin High Energy Physics

While we're on the subject of closed end funds:
I noticed in a magazine relatively recently (Money)
that several of the foreign closed-end funds 
had some astronomical performance last year.  I believe
a Chilean fund was one of these.

So my question is:  Was anybody smart/lucky enough to get in on
this at the ground floor?  If so, could you explain 
how you heard about it (I think the Chile fund was pretty new).
"It" means new foreign investment opportunities like this?
And how did you decide whether it was worth investing in?
Dennis
nicklaus@lonetree.physics.wisc.edu