HDTenEightyP/NetNews huggingface dataset:
From: ksmith@willamette.edu (Kevin Smith)
Newsgroups: misc.invest
Subject: Re: Little Dollars to Invest...
Date: 10 Apr 92 17:03:44 GMT
Article-I.D.: willamet.1992Apr10.170344.10852
Organization: Willamette University, Salem, OR

[Continuing a thread on where to invest $100 per month]

In article <1992Apr10.125847.12449@banana.fedex.com> bill@banana.fedex.com (bill daniels) writes:
>jrbd@craycos.com (James Davies) writes:
[Stuff deleted]
>There are a number of mutual fund families that have low opening investment
>amounts and low additional amounts.  Some want you to enroll in an
>automatic payment plan, ie. Twentieth Century.  There are certainly more
>avenues than CDs and the lotto.

There are a number of mutual funds you could invest in.  Choose one that has
a minimum reinvestment that is $100 or less or one with no minimum reinvestment
(Two that I know of are 20th Century and Lord Abbett funds) If you do not want
to send in a check every month many mutual funds have automatic investment 
plans.  EVEN IF YOU DO NOT HAVE $100 EVERY MONTH don't let this stop you!  
Save your money up and invest $100 every 2 months.  Your efforts will be well
rewarded.  
Remember that if you invest in stocks and plan to leave your money in the 
market until retirement you will be getting a historiacl rate of return of
10% ( about %17 in the '80s ).  Don't let the market ups and downs scare you
because you will have a higher rate of return if you simply leave your money
in the market instead of timing the market (unless you are damn lucky :-)  )
_______
From: lib@cbnews.cb.att.com (Lib)
Newsgroups: misc.invest
Subject: Re: Stocks newsletter. Netletter!
Date: 7 Apr 92 18:00:22 GMT
Organization: AT&T

I thought the newsletter was pretty interesting. Plus there
were plenty of caveats about do your own research, results
aren't gauranteed and no attempt to sell the newsletter which
should keep the inevitable complaints about the posting a little
lower than usual.
  
I HOPE THEY POST IT EVERY MONTH.
    
Coupla comments:
    
In article <1992Apr7.165031.13160@cs.umn.edu> prabhak@cs.umn.edu (Satya Prabhakar) writes:
>
>I don't mean to offend my countryman, but I think your
>posting should have included the following caveats:
>
>   1. It has been proved that no one can consistently
>      beat the market. Period. Most often they fail 
>      miserably.
    
This has not been proved. For example Martin Zweig's newsletter has between
the S&P over an 11 year period with never a down year (per Hulbert).
   
>   2. There are two risks in investing in equity 
>      markets: systematic risks and unsystematic 
>      risks. By investing in a basket of stocks, i.e.,
>      a mutual fund, the common man can eliminate
>      the unsystematic risk.
  
They recommended three stocks. If they do that every month one
can spread the risk out.
  
>   3. It doesn't make sense to invest all your money
>      in one stock at one time. The proven way is to
>      dollar-cost average. No question about that!
    
True but irrelevant to the newsletter since they didn't tell
you to put all your money into one stock at one time.
  
>coupla thousand shares and buy a basket of stocks. The
>turnaround commission on an average trade is about 4-5%.
   
Discount brokers cut it to 1-2%.
  
   
Again I hope they continue to post it each month
  .
From: jgay@digi.lonestar.org (john gay)
Newsgroups: misc.invest
Subject: Re: AMD
Date: 15 Apr 92 15:30:43 GMT
Organization: DSC Communications Corp, Plano, TX

In article <1992Apr14.210746.26998@intelhf.hf.intel.com> adalier@intelhf.hf.intel.com (Mehmet Adalier) writes:
>
>The chip that Cyrix introduced is NOT a 486.  It is pin compatible with
>the 386sx and tries to imitade the 486.  The name 486slc is just
>marketing.

Cyrix's 486 IS a 486 as much as Intel's 486SX is.  It has all of the 486
instructions and is faster than a 386.  Cyrix chose to put 1k of cache
(as opposed to Intel's 8k) into their 486 to shrink the die and chose
to make it pin compatible with the 386SX for now.  The Cyrix 486 does
not have a math co-processor, but then neither does the Intel 486SX.
Cyrix has said that they would have at least 2 more major announcements
by the end of the year - my guess: a 486SX that is pin compatible with
the 386DX and a true 486DX.  The 386DX is kind of a given I guess - little
modification.  The 486DX should not be hard for Cyrix - they have had
math co-processors out for a couple of years now.  They just have to
put the two chips together.

Anyway, I think that Cyrix has a good strategy - if I had a 386SX computer
I would be willing to pay $119 to get 2x-4x the processing power.  Apparently,
with as many companies that are talking to Cyrix about using their processor,
they have a winning combination of price and power.

BTW, currently, SGS-Thompson is the sole fab for the Cyrix chip, but rumor
has it that TI is signed up and that NEC is negotiating.  If all three of
these major fabs get into 486 production watch Intel's profits plumment.

john gay.                      jgay@digi.lonestar.org

"A third theory [on the creation of the Earth] is the one offered by my old
 theological buddy Bobby Joe Dearing, who speculates that the world was
 originally created as a science fair project.  "The problem," says Bobby
 Joe, "is that God made it the night before he had to turn it in, and he's
 probably going to get a 'D' on it."
  - John Anders, Dallas Morning News Columnist
From: nyp00@cd.amdahl.com (Nick Pang)
Newsgroups: misc.invest
Subject: Re: EuroDisney Stock
Date: 8 Apr 92 21:37:13 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

In article <52796@mimsy.umd.edu>, cml@cs.umd.edu (Christopher Lott) writes:
|> From what I know, US-Disney holds a controlling interest in Euro-Disney,
|> so you can play the Euro park by holding the shares here.  Not certain of
|> what percentage is held by US, I believe > 50%.
|> 
 
It's actually 49% or 83.3 million shares.

-- 
Nicholas Pang         nyp00@cd.amdahl.com       
Amdahl Corporation    nyp00@outs.ccc.amdahl.com 
Newsgroups: misc.invest
From: manoj@novell.com (manoj @ NetWare Global Messaging)
Subject: After market hours/ Instinet ? / Which brokers trade there
Organization: Novell, Inc.
Distribution: usa
Date: Thu, 16 Apr 1992 17:22:39 GMT

Has Anyone traded on Instinet or another after market exchange.
Which brokers have traders there. Fidelity / Schwab/ any other discount brokers?

Thanks,
-mpg
From: rodm@raster.uswest.com (Rod Murillo)
Newsgroups: misc.invest
Subject: Re: Fin Hlth Sci, 20th Cent Ultra plummet
Date: 7 Apr 92 17:05:54 GMT
Reply-To: rodm@raster.uswest.com (Rod Murillo)
Organization: U S West

In article <1992Apr7.000213.23579@ux1.cso.uiuc.edu>, g-martin1@uiuc.edu (Gregory A. Martin) writes:
|> Recently I have noticed that Financial Strategic Health Sciences and
|> 20th Century Ultra have been getting hammered while the Dow is keeping
|> fairly constant. Anyone have explanations for the 15% drops since
|> January?   ---- Greg Martin, g-martin1@uiuc.edu

Both of these funds own stock which trades on NASDAQ, not on the NYSE.  The
Dow is a poor index to follow for these types of funds.  During the same time the NASDAQ
composite has fallen quite a bit, while the  Dow has remined steady.  I own 20th
Century Ultra, and always check the NASDAQ composite to check market trends
for Ultra.

Rod Murillo.
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: MRK (Merck) - Stock Split scheduled to
Date: 15 Apr 92 04:34:16 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest
Distribution: usa

brian@baja.Corp.Sun.COM writes:
|What is the advantage to buying Merck stock before the split?

If your broker charges by the share (and your commission is larger
than the minimum), your commissions will be less when buying
a smaller number of expensive shares than a larger number of cheaper
shares.

Newsgroups: misc.invest
From: rdz@sail.stanford.edu (Ramin Zabih)
Subject: Which companies will sell you their stock directly?
Organization: Computer Science Department, Stanford University
Date: Thu, 9 Apr 1992 07:59:22 GMT

I heard recently that Exxon has started a program where you can buy
shares from the company directly, without brokerage fees, in very
small amounts.  This sounds like an ideal setup for anyone curious
about dollar-cost averaging, for example.  Does anyone know of any
other companies that provide this (or similar) services?
--

Ramin Zabih                                  Computer Science Department
rdz@Sail.Stanford.EDU                        Stanford University
Newsgroups: misc.invest
From: bruce@gordian.com (Bruce Hafford)
Subject: Disney stock split....
Reply-To: bruce@gordian.com (Bruce Hafford)
Organization: gordian.com
Date: Tue, 7 Apr 1992 20:21:17 GMT

Our mailer claimed the last version of this didn't make it, so...

Anyone remember the date of the upcoming Disney stock split??
(Both the date of the split and the date by which you have to be invested...)
email's fine, or post.  Thanks.

bruce@gordian.com
Newsgroups: misc.invest
From: rravi@cbnewsj.cb.att.com (ramesh.ravi)
Subject: Re: Program for calculating returns
Organization: AT&T
Distribution: usa
Date: Fri, 17 Apr 1992 12:58:59 GMT
Summary: MSFT earnings

In article <1992Apr16.234457.6025@novell.com>, manoj@novell.com (manoj @ NetWare Global Messaging) writes:
> does anyone know what was the street expecting for Microsoft's recently ended
> quarter earnings. The earnings came out today after market closed.
> 
> 

They are right on target. Street's estimate was 90 cents per share.


Ramesh Ravi
ramesh@hugo.att.com
Newsgroups: misc.invest
From: petri@venus.iucf.indiana.edu (HOWARD PETRI)
Subject: Re: Yeeee Hiiiiiiiii
News-Software: VAX/VMS VNEWS 1.3-4   
Reply-To: petri@venus.iucf.indiana.edu
Organization: INDIANA UNIVERSITY CYCLOTRON FACILITY
Distribution: usa
Date: 13 APR 92 10:29:35    

In article <1992Apr12.64815.1325@ms.uky.edu>, jedwards@ms.uky.edu (Jonathan Edwards) writes...
>petri@venus.iucf.indiana.edu (HOWARD PETRI) writes:
> 
>>In article <5304@pdxgate.UUCP>, jprice@eecs.cs.pdx.edu (James Price) writes...
>>>rjc@cbnewsf.cb.att.com (robert.cook) writes:
>>> 
>>>>This market kind of reminds me of a movie (WWII) where they're dropping "THE
>>>>BOMB" and the boomer won't be able to clear the area.  So Slim Pickens, I
>>>>believe, rides the baby down. 
>>> 
>>>>Robert
>>> 
>>>  I believe the movie you are thinking of is _Dr. Strangelove, Or how i
>>>learned to stop worrying and love the bomb_.
>>> 
>>>James
> 
>>     Nope; the movie you are thinking of is Fail Safe.
> 
>>Howard
> 
>Slim Pickens rides an A-bomb down in Dr Strangelove.  Failsafe was too
>serious a picture to indulge in such antics...

     Yes, I am sorry; you guys are definitely right. Memory fails again.
It was Dr. Strangelove. 
Howard
Newsgroups: misc.invest
From: cjkuo@locus.com (Chengi Jimmy Kuo)
Subject: Re: more options question
Organization: Locus Computing Corporation, Los Angeles, California
Distribution: misc
Date: Tue, 14 Apr 1992 04:54:48 GMT

john.ogilvie@canrem.com (john ogilvie) writes:

>> I would like to have a second opinion on holding a call at expiration.
>>
>> Assume that I buy  a call of MSFT April 130 and keep it until April 30, 1992
>> MSFT is only 120 and there is no market to sell my option even
>> with 1 bilionth of a dollar. Do I have an obligation to buy 100
>> shares of MSFT at 130?

>DK>No.  Options give you the right BUT not the obligation to purchase the
>DK>underlying security

>     If you let an option expire that is more than $1 in the money, you WILL
>     get exercised.  It HAPPENED TO ME!

I don't know if you're confused or you're trying to confuse us.  The question
concerns BUYING the option.  You can only be exercised if you were the seller
of the option.  If you are the buyer of an option, *you* get to exercise.
The option is yours as to whether you choose to exercise.  You are BUYING
the OPTION.  In this case, the English words actually mean the same thing!

Jimmy Kuo
-- 
cjkuo@locus.com
"The correct answer to an either/or question is both!"
Newsgroups: misc.invest
Newsgroups: misc.invest


> Anyone heard of JW Gant Brokers? I've been getting phonecalls from them lately
> EuroDisney ADR and Zero Coupon Bonds is their latest. I just happen to be 
> considering both of them in my investments but I am not sure if I want to get
> it through them (I haven't checked with Schwab yet).

I'm pretty sure you do _not_ want to get anything through JW Gant.

Occassionally, they seem to go on some cold call sprees, hitting most numbers
in the exchange that serves my work place.  Since we're in Colorado (which I
think is either home base or a major center for them), we get hit three or
four times a year or more.

Every time I've attempted to get the caller's name and number, they've
informed me that they'll "just call back later, 'cause it can be hard to get
through at my office".  Of course, they don't call back.

Yeah, right.  Just want you need in life -- a broker that "can be hard to get
through to".

My purpose in getting their number was not to invest -- they sounded very
much "back boiler room" to me and I wouldn't trust them with five cents of my
money -- but rather to give their company official notice via our personnel
office to quit making cold calls to our work place.

My opinion is to stay away -- far away -- from JW Gant.  I can't comment on
EuroDisney.

Stuart Bobb
sjb@fc.hp.com
Newsgroups: misc.invest
From: barrada@infonode.ingr.com (Ahmed Barrada)
Subject: stop loss oreders
Organization: Intergraph Corporation, Huntsville, AL.
Distribution: na
Date: Thu, 9 Apr 1992 13:40:54 GMT

I tried to put a stop loss order on a NASDAQ stock that I have.  My broker
Waterhouse said they did not execute such orders on NASDAQ stocks.  I have
executed stop loss orders before on NYSE.  It also seems that other brokers
execute stop loss orders on NASDAQ.
Is this an example of you get what you pay for?

Does Quick & Reily or Brown execute such orders?

Sincerly ,

Ahmed Barrada

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

Ahmed Barrada
104H / LR24A
Infrastructure Group / AEC
Intergraph Corp
Huntsville , AL 35894-0001 , USA

Internet: barrada@karam.b24a.ingr.com

205 / 730-8150 w , 205 / 730-8743 f
From: jberlin@falcon.aamrl.wpafb.af.mil
Newsgroups: misc.invest
Subject: Re: United Way, were our money goes...
Date: 7 Apr 92 13:47:32 EST
Organization: USAF AL/CFH, WPAFB, Dayton, OH

In article <1992Apr07.082449.189350@locus.com>, cjkuo@locus.com (Chengi Jimmy Kuo) writes:
> mdefelic@digi.lonestar.org (Mitch DeFelice) writes:
> 
> [United Way excesses deleted]
> 
> Take this somewhere else.  If you're "investing" in the United Way,
> you deserve what you get.
> 
> Jimmy Kuo
> -- 
> cjkuo@locus.com
> --

   Sure it belongs here.  A person who abused the system was found out
and will hopefully be held accountable.  The same happens in many publicly
held companies, but how many stockholders vote their proxy statements or
write letters?  It would be extremely short sighted to punish the beneficiaries
of the charities because of one person's actions.  The monies involved are real
money, but nothing compared to the $1 BILLION A DAY that the Federal government
is overspending it's budget.  Thousands of people will 'punish' United Way
by declining to give, but how many will write letters to government officials
or even bother to vote in the primaries or general elections?  Who will
take over the services that United Way will not be able to fund?  State
government, the Federal government, Jimmy Bakker's Church?

   There are all kinds of investments.  John Templeton of the highly succesful
Templeton Funds is one who has always invested 10% of his income to charity,
and he maintains he does not miss it.  The actions that people who have the
means to help others take are indicative of character.  I hope people will
not use the United Way fiasco as an excuse to deny assistance to everyone,
forevermore.  That would be a cop out.

 Jim Berlin
  
i 

"The opinions and views expressed here are strictly my own and do not 
necessarily reflect the official position of either the U.S. Air Force 
or its contractors."
From: lib@cbnews.cb.att.com (Lib)
Newsgroups: misc.invest
Subject: Re: Let us bet on Monsieur Marty Zweig
Date: 17 Apr 92 18:57:49 GMT
Organization: AT&T

In article <1992Apr17.180110.7266@gumby.dsd.trw.com> suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:
>
>I would point out that Zweig's model does not appear to be "finetuned".
>There are four quantities which have to do with interest rates and other
>monetary considerations, and one which has to do with the general trend
>of the market.  

I've found Zweig's model has performed very well for me in the four years
since he published his first book. You can't ignore stock-picking however.
Right now even though I'm on margin because his model is very bullish I
haven't been doing as well as I might like since I have the "wrong" stocks
for the current market advance.
Newsgroups: misc.invest
From: jedwards@ms.uky.edu (Jonathan Edwards)
Subject: Re: Perot on the federal debt
Date: Tue, 7 Apr 1992 23:02:36 GMT
Organization: University Of Kentucky, Dept. of Math Sciences
X-Bytes: 

dlw@odi.com (Dan Weinreb) writes:

>In article <1615@rufus.UUCP> shekita@yeti.almaden.ibm.com writes:


>					   And In general, I'm curious about
>   how the net feels about Perot? 

>He does know how to raise hell and talk assertively.  Has he put forth
>any proposal with any detail about what he intends to do about
>anything?  For example, regarding the deficit, does he have any
>numbers about how he intends to adjust discretionary spending,
>entitlement spending, and tax revenue, so that it all adds up to a
>deficit of only $X, or anything like that?  (Admittedly none of the
>other candidates has done that either.)

From People magazine (of all places):  On the one hand, [Perot] is
outspokenly prochoice on abortion and a supporter of gun control.
Despite his reputation as a superpatriot, he also opposed last year's
Gulf War.  He says he would consider ending Social Security and Medicare
payments to the affluent elderly [actually, I've read elsewhere he
supports general means testing for entitlement programs - the figure
in my mind for estimated savings is $100 billion although that could
be a figment of my imagination], though he also favors changes in the
capital gains tax and the formation of an alliance between government
and business to implement industrial policy.  But his main [I don't
know that it merits that adjective, this being the first I've heard of
it] proposal is to create a kind of electronic town hall.  As Perot
envisions it, in his administration he would describe policy alternatives
in speeches to voters who would then register their choice through the
use of interactive cable television and telephone voting, thereby putting
pressure on Congress to go along.

I believe Perot has also called for a $100 billion reduction in the
Defense budget and has cited unidentified economists to the effect that
another $100 billion could be saved through waste-management techniques...
From: macdevil@netlink.cts.com (Leonard Cayetano)
Newsgroups: misc.invest
Subject: Re: Little Dollars to Invest...
Date: 13 Apr 92 04:57:21 GMT
Organization: NetLink Online Communications, San Diego CA

The Janus family of funds has a NO MINIMUM INVESTMENT option.
Rather, a subscriber would invest a certain amount each month
until the total dollar amount invested equals or exceeds a 
$1000.  From there, you can elect to stop Janus from dipping
into your checking account, or let them continue deducting
an amount (which you decide on) from your account.

--                    
INTERNET:  macdevil@netlink.cts.com (Leonard Cayetano)
UUCP:   ...!nosc!ryptyde!netlink!macdevil
NetLink Online Communications * Public Access in San Diego, CA (619) 435-6181
Newsgroups: misc.invest
From: djh@xipe.osc.edu (David Heisterberg)
Subject: Re: Anti-cancer drug, et al
Organization: The Ohio Supercomputer Center
Date: Fri, 17 Apr 1992 15:52:01 GMT

In article <1992Apr17.023858.942@e2big.mko.dec.com> kandappan@asic.dec.com (K. Parthiban) writes:
>I believe you are referring to TAXOL; this chemical is extracted from the
>
>A French company is claiming that it has synthesised a similar drug that
>is more soluble, more effective, blah blah blah.

That would probably be Taxetere (sp?).  There was an article on Taxol and
related chemicals in _Science_ a few months back.
--
David J. Heisterberg (djh@osc.edu)       What men value is not rights
The Ohio Supercomputer Center            but privileges.
Columbus, Ohio                             -- H.L. Mecken
From: sasdrf@daedalus.unx.sas.com (Dave Frederick)
Newsgroups: misc.invest
Subject: Re: ARM Mutual Funds
Date: 14 Apr 92 16:08:02 GMT
    <6274@public.BTR.COM>
Organization: SAS Institute Inc.
Originator: sasdrf@daedalus.unx.sas.com
X-Bytes: 907

In article <6274@public.BTR.COM>, timlee@public.btr.com writes:
|> jprice@eecs.cs.pdx.edu (James Price) writes:
|> |
|> |I am fairly certain that Benham also offers an ARM fund, they are
|> |always advertising it on CNBC. Unfortunately, I think its a load fund.
|> |But dont take my word for it...
|>
|> Benham funds have no load.
|>
|> Several load fund groups (e.g. Franklin) also offer ARM funds.

This from Benham last week:

Benham ARM Gov't Securities Fund

No load.
Annual expenses currently waived.
$1000 minimum.
Check writing for amounts > $100.
Current 30-day yield: %6.61
No annual report yet, but prospectus available.

It seemed better than a money-market or NOW, so I opened an account
for my short-term money.

N.B. I haven't gotten rich yet, and these things are pretty new, so
you'd be better off investigating than trusting me.

Dave Frederick                          sasdrf@unx.sas.com
From: sassnm@unx.sas.com (Sanjay Matange)
Newsgroups: misc.invest
Subject: Computation of cost basis for shares.
Keywords: Mutual fund, Average cost basis, single_category
Date: 13 Apr 92 15:38:57 GMT
Reply-To: sassnm@unx.sas.com (Sanjay Matange)
Distribution: usa
Organization: SAS Institute Inc., Cary NC
X-Bytes: 2097

There is a detail about computing the Average cost basis for shares of a
mutual find that has me confused.  I am hoping that some one of you 
misc.invest "gurus" can clear it for me.

I have bought and sold over the past year some shares in a mutual fund.  I am
trying to compute the gain/loss for each sell transaction.  I am using the
method of Average basis using the Single_category method, as per pub. 564 of
IRS.  I am confused about a detail about computation of the basis AFTER a sale.
Consider the following scenerio:

Date   Buy/Sell   # of sh   cost/sh   cost  Total shares   Total cost   Basis
--------------------------------------------------------------------------
6-1-91  BUY        10       3.5      35.0       10          35.00       3.50
7-1-91  BUY        10       4.0      40.0       20          75.00       3.75
8-1-91  BUY        20       4.5      90.0       40         165.00       4.125
9-1-91  SELL       15       5.0      
10-1-91 BUY        10       4.5      45.0    
11-1-91 SELL       20       5.0

I understand that for the SELL of 9-1-91, the average basis cost of the
shares sold is $4.125 per share.  However, how is the basis computed after 
a sale has been done.  In other words, what is the cost basis for the 
shares sold on 11-1-91?

Does a sale cause the basis computation to change, to take into account ONLY
those shares that are still in the portfolio.  Or, is the basis computed
using all shares that have been bought, regardless whether some have been
already sold at the time of the current sale being considered?

I have done my taxes assuming that the Average COST basis is just that - COST
ONLY of all shares bought till time of the sale.  Is this right?

I would appreciate any and all opinions on the above.

Thanks.

Sanjay


-------------------------------------------------------------------------------
Sanjay Matange       | SAS Institute Inc. |
sassnm@unx.sas.com   | SAS Campus Dr.     |         "Did I do that ?"
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