HDTenEightyP/NetNews huggingface dataset:
From: capskb@alliant.backbone.uoknor.edu (Keith Brewster)
Newsgroups: misc.invest
Subject: Re: Long-term direction of the dollar
Date: 26 Aug 92 02:42:14 GMT
Organization: University of Oklahoma, Norman, OK

In article <3451@master.CNA.TEK.COM> mikeq@aspen.CNA.TEK.COM (Mike Quigley) writes:
>In article <21014@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>>What is the general concensus of the long-term direction
>>of the dollar against other major currencies?  It seems
>>to me that with our relatively sluggish productivity
>>gains and our huge budget and trade deficits it is likely
>>to go even lower than its current postwar lows.  Comments?
>
>
>Down. In fact, the dollar will probably be replaced with another currency as
>the international standard sometime in the future.
>
>America's history is over in both the short and long term. 
>Corrupt, self-serving, unresponsive government. Lazy, apathetic public. Broken 
>down infrastructure. Poorly educated, unmotivated children. Overwhelming
>debt.  Overpaid, undereducated, undertrained, unmotivated workforce.
>Uncompetitive industry. Frightened, closed minds taking refuge in vague
>references to God, the flag, ``family values,'' etc... 
>
>The leadership is gone. The masses are resigned, at best, to mediocracy.
>No nation in history has ever recovered from that.
>
>
>BUT!
>
>There is a way to make a buck off all this. Keep your eyes open, be ready
>to move, and take the money and run.
>
You must then add: "People just looking to make a buck off of every situation"
and queue yourself in the line of scapegoats.

Keith
----------------------
Keith Brewster
Only Donnie Duncan speaks for OU.
From: schroede@oasys.dt.navy.mil (Erwin Schroeder)
Newsgroups: misc.invest
Subject: Re: Fidelity Growth Co. Fund
Date: 27 Aug 92 12:21:42 GMT
Reply-To: schroede@oasys.dt.navy.mil (Erwin Schroeder)
Organization: Carderock Division, NSWC, Bethesda, MD

In misc.invest, james@brock.b17b.ingr.com (James Brock) writes:
>I've been told to get my money out of Fidelity's
>Growth Co. Fund for at least the next year (something
>about overvalued stock holdings).

Are these considerations (overvalued holdings, etc) in mutual
funds marginal or substantial issues?  If they are substantial, 
is there any way to evaluate a fund's holdings that is good 
enough to identify risky situations, that doesn't make a major
research project of it, other than taking some newsletter's 
advice on faith?
>
>Any comments?

-- 
Newsgroups: misc.invest
Subject: Re: How to handled called stock?
From: gary@cdthq.UUCP (Gary Heston)
Date: Sun, 30 Aug 92 21:17:35 CDT
Organization: Garys' Home for Obsolete Computers

df2tg2n@ties.bell-atl.com (Steve Rosen) writes:

> A utility stock of mine was just called.  I persume this was because of
> falling interest rates.  My question is this:  How (*exactly*) do I mail
> the certificates back to company and be totally safe?  Somebody have
> experience with this?

Huh? How does a *stock* get called?

Perhaps you meant "bond"? Most of those are callable; you can always
phone the issuing company's bondholder liason office and ask.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: shelly@iscnvx.lmsc.lockheed.com (Sheldon Kay)
Subject: Re Convertible Bonds (One more Time!)
Organization: Lockheed Missiles and Space Co.
Distribution: usa
Date: Tue, 1 Sep 92 18:38:08 GMT

A few basics about convertible bonds. 
IF the paper says  Wicket Co    9s05 cv 85 1/2
That means the price is $855 + accrued interest + commission.
The dividend is $90 usually payed $45 two times a year.
The current yield is 9/85.5 = 10.53%
The yield to maturity can be calulated many ways, I do my own where I figure the
current value is 855 and it is worth 1000 some month in 2005. The yield due to  
the appreciation from 855 to 1000 is about 1.21%. This is gotten by the formula
855*(1+i)^n  = 1000, where n is 13 years assumming the bond comes due 9/1/2005.
If you add the two yields together you get 11.74%, which is my definition of
the yield to maturity. Other people and papers calculate it differently, but it
is close to the way I did it.
Not all bonds are issued at $1000, but most are. If they are not they are 
considered discount bonds and you have to pay tax on them each year.
The Conversion Price usually is listed at a dollar value of the stock to be 
converted to, so if the price is 40, that means at your option you can get 25
shares of Wicket Co stock for your bond.
Newspapers like Investors Daily give you a lot of this info. Standard and Poors
Bond Guide usually has most companies with convertable stocks.
When a company issues a convertable bond, they almost alway have a lower current
yield by about a point than if it was a straight bond.
The name of the game is to find a company that has a good current yield that
won't go belly up you expect its stock to go crazy. So if Wicket Co stock is    
selling at 20 you have to wait for it to get to 34.25, then the bond will behave
like the stock going up 2.5 points for every dollar the stock goes up. While the
stock is below 34.25 and the bond stays at its current price you enjoy the 
current yield or yield to maturity.
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Stock Market
Keywords: 50 pt. drop Friday
Date: 25 Aug 92 19:20:50 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Aug24.174149.27305@TorreyPinesCA.ncr.com>, cs6@TorreyPinesCA.ncr.com (Eric Sit 3611) writes:
|> 
|> My impression was that the market was not terrible negative about Bush and
|> Clinton's lack of ideas to deal with the economic and deficit problems 
|> (or that the market got used to candidates being vague).  A great concern
|> to the market was that US dollar had fallen so low that the Federal
|> Reserve would have to do something to defend the US dollar.  That meant
|> the Federal Reserve would stop cutting interest rate, or worse yet, 
|> they would raise interest rate.
|> 

Well, the valuation of the stock market was too high anyway.
Considering
--the uncertainties of the presidential elections, 
--the lack of a credible plan to control the budget deficit from 
  either candidate,
--the dollar's drop, 
--the below expectations corporate earnings,

I'll be surprized if the market does not go much lower.
-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................
From: mccabe@gdls.UUCP (Harold McCabe)
Newsgroups: misc.invest
Subject: Re: Long-term direction of the dollar
Summary: Uncertainty
Date: 27 Aug 92 16:32:05 GMT
Organization: General Dynamics Land Systems, Sterling Heights, MI

In article <21014@optima.cs.arizona.edu>, bakken@cs.arizona.edu (Dave Bakken) writes:
> What is the general concensus of the long-term direction
> of the dollar against other major currencies?  It seems
> to me that with our relatively sluggish productivity
> gains and our huge budget and trade deficits it is likely
> to go even lower than its current postwar lows.  Comments?
> --
> Dave Bakken                               Internet: bakken@cs.arizona.edu
> Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4089      
> 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.

I think the dollar is low because interest rates are low here and higher
elsewhere, especially Germany.  To me, this seems more of a factor than
productivity gains, etc.

When the federal government needs to borrow money, it will pay a higher
interest rate, since lenders are going elsewhere.  So it seems that
eventually, interest rates will rise.

I think that interest rates may rise also if the threat of inflation
increases.  And if the cost of foreign goods in US dollars rises, that will
stimulate price increases, somewhat.  In that case, one way to defend the
dollar will be to increase interest rates.

In the past several years, I have been sure that the dollar would decline
several times, only to see it go the other way.  I conclude that predicting
currency fluctuations is very tricky business, and that betting against the
dollar can be costly.

Harold McCabe
From: roh@CS.ColoState.EDU (Lucas Roh)
Newsgroups: misc.invest
Subject: Re: Re: Nikki (up or down?)
Date: 26 Aug 92 23:05:06 GMT
Organization: Colorado State University

In article <21098@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
| In article <8190102@hpfcso.FC.HP.COM> rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss) writes:
| >In misc.invest, tucker@shiva.edsg.hac.com (George Tucker) writes:
| >
| >>Japan is a primitive feudal society that struck it rich, not much different
| >>from various sheikdoms closer to the equator.  They are the major environmental
| >
| >Japan is a democracy, and it does not use feudalism in any form.  "Primitive"
| >could be argued either way, and is a matter of definition, of course.  
| 
| Um, Japan's democracy is very corrupt and not very robust.  And
| business controls an awful lot, and the press doesn't look into
| 

Name a single democracy that is not corrupt in some ways.  I would venture to
say that US is just as bad as Japan, if not worse.  Just look at all 
kinds of scandals that you hear about such as S&L's, House checking scandal,
BCCI, etc.  There are plenty of scandals that don't make the public new also.
Basically, there are all kinds of favors given to and accepted by politicians; 
hidden deals are being made behind the curtain; the House and Senate 
politicians trading votes (yes trading), etc etc.

As far business controlling an awful lot, well don't
the Republican party share the same brain with the big business?


| taboo areas (like the Japanese role in WWII---something they
| need to honestly come to terms with).

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. 

Lucas
Newsgroups: misc.invest
From: dclark@tolstoy.b11.ingr.com (Dave Clark)
Subject: Re: **Wang Lab. stock any hope?**
Reply-To: dclark@b11.ingr.com
Organization: Intergraph Corp.
Date: Tue, 1 Sep 1992 20:04:45 GMT

In article <17te02INNevv@early-bird.think.com>, mincy@think.com (Jeffrey Mincy) writes:
|> In article <92241.123313WJT101@psuvm.psu.edu> <WJT101@psuvm.psu.edu> writes:
|> >Hello,
|> >I am seeking opinions from people on how good an investment in Wang Lab
|> > stock would be.  
|> 
|> > I realize the company is in chapter 11 bankruptcy but is
|> > the company a total lost cause?  Is there any chance they can re-group and
|> > come out of this ok?  Could this stock be a diamond in the rough??

The way I understand it, Wang is betting the farm on its line of image
processing systems.  Since there's probably little rush to buy right now,
you might do well to talk to some members of the image processing
community.

----------------------------------------------------------------------------
                          |
   Dave Clark             |   "The highest type of ruler is one of whose
   Graphics Performance   |    existence the people are barely aware."
   Intergraph Corp.       |
   dclark@b11.ingr.com    |                                  -- Lao Tzu
                          |
----------------------------------------------------------------------------
From: suhre@meltami.dsd.trw.com
Newsgroups: misc.invest
Subject: AAII Computerized Investing, 1992 ed.
Date: 27 Aug 92 16:42:31 GMT
Reply-To: suhre@meltami.dsd.trw.com ()
Distribution: usa
Organization: TRW Space & Defense
Originator: suhre@meltami.dsd.trw.com

The original requester's article expired on me, but if you still need
something looked up, I've got it.  Drop me an e-mail.


-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: barrada@infonode.ingr.com (Ahmed Barrada)
Subject: china funds
Organization: Intergraph Corporation, Huntsville, AL.
Date: Fri, 28 Aug 1992 19:08:00 GMT

Any one found any info on the 3 china closed-end funds, besides the fact that
 there is only 8 stocks in the market!

Which has the  lowest / highest ratio to NAV?

Sincerly ,

Ahmed Barrada

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

Ahmed Barrada
ALB24A , 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
Newsgroups: misc.invest
From: rais@rainbow.ecn.purdue.edu (Abdur Rais)
Subject: How is this for a beginner?
Keywords: beginner, new investment
Organization: Purdue University Engineering Computer Network
Distribution: us
Date: Fri, 28 Aug 1992 07:40:02 GMT

I am about to invest some money in mutual funds for the very first time.
Although I would probably invest in some aggressive growth fund
under normal circumstances, I am under the impression that stock funds
might not be the best way to go since they are currently priced fairly
high. (Am I totally wrong?)  So, I am thinking of bond funds; in particular,
I am considering Scudder Global Income and Benham European Government
Bond fund. My knowledge in this area is very limited and so
I will certainly appreciate advice from any of you regarding
my picks and assumptions.  Thanks in advance.
Abdur

Newsgroups: misc.invest
From: jhc@m2lll.uucp (James H. Coombs)
Subject: Re: German Fund
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Date: Sat, 29 Aug 1992 06:39:27 GMT

In article <BtpL20.B7A@usenet.ucs.indiana.edu> Xiaodong Shao <shao@umdnj.edu> writes:

>I wondered if anybody know some mutual funds which invested
>exclusively or largely in German stocks.

As I recall, there are the Germany and New Germany closed-end funds.  I
think most of us are better off with something like Templeton Foreign,
leaving it to the experts to decide when Germany, when Japan, etc.

>Is it a good time to invest in German market? Since their interest
>rate is as high as 10%, any interest rate cut could boost the stock
>market.

Most seem to think a cut is likely.  Who knows how big a cut and how
big an effect on the market?  Let's say big enough for a good
investment.  But then how about the dollar vs. the mark?  If the dollar
strengthens, then the gains in the market will be reduced.  I suspect
that the gains will outweigh the losses.  But, I have decided to stick
with Templeton Foreign until I have a better basis for judging country
markets.

--Jim
Newsgroups: misc.invest
From: ed@odi.com (Ed Schwalenberg)
Subject: Re: Closed End Funds
Organization: Object Design, Inc.
Distribution: usa
Date: Wed, 26 Aug 92 15:06:04 GMT

In article <1992Aug25.210631.15777@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
  >Are shares of closed end mutual funds traded
  >on the NYSE and AMEX like other stocks?

  Yup..  Which gives you the opportunity to pay commissions on both
  buy and sell.  Something you avoid with no-load open end funds,
  although there are annual management fees for those funds.

There are annual management fees for closed-end funds as well as for open-end
ones.  While we're on the subject, consider Berkshire Hathaway, the Warren
Buffett firm.  It has a few operating divisions, but the vast majority of its
assets are large stock holdings in other firms.  In short, it's a lot like a
closed-end mutual fund; investors considering closed-end mutual funds should
also look at Berkshire Hathaway.
Newsgroups: misc.invest
From: murphy@rock.enet.dec.com ()
Subject: Janus twenty fund
Reply-To: murphy@rock.enet.dec.com ()
Organization: Digital Equipment Corporation
Date: Wed, 2 Sep 1992 21:12:45 GMT


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. 

Thanks,
John Murphy
murphy@rock.enet.dec.com
Newsgroups: misc.invest
From: sundeep@Caere.COM (Sundeep Gupta)
Subject: Any experience with INVESTMENT UPDATE/Jack Kelly ?
Organization: Caere Corp.
Date: Thu, 3 Sep 1992 19:43:23 GMT


Hello netters,

Last night during a channel flipping session of TV programs, 
I was hooked into watching a 1/2 hour commercial from a group
called the INVESTMENT UPDATE with the hosts name being 
Jack Kelly. He lured me on with the promise of  $ 105,000.00 with
an initial investment of $ 10,000.00. He claims that this money
can be made by buying options in HEATING OIL. He elaborates that
heating oil prices go up in winter, and that every penny increase
in price equates to $ 4200.00 in profit (I assume if bought at a 
certain price). He backs up his claim by stating that for the
past 14 years, heating oil price has gone up, and that an investment of 
$10,000.00 would have yielded an annual average return of $ 105,000.00.
	Now, all the time he kept urging to call his toll free number
to receive FREE details on this FANTASTIC investment oppurtunity,
and all that time my this-is-too-good-to-be-true sensors went
too-good-to-be-true-too-good-to-be-true---...
	However, I'm curious as to what is the catch ?? What gives ??.
His commercial seemed targeted at people with almost no investing
background. 
	He also threw in some hype about how heating oil prices were government regulated
and blah-blah.

	So, me wondering if any netter having experience with Mr Jack Kelly,
or me first to feel curious ???


/sundeep

****************************************************************************
< sundeep@caere.com>
#include <standard disclaimer>

Microsoft windows: Brought to you by makers of EDLIN

****************************************************************************
Newsgroups: misc.invest
From: rcollins@encore.com (Roger Collins)
Subject: Convertible Bonds (One more time!)
Date: Tue, 1 Sep 1992 14:52:50 GMT
Organization: Encore Computer Corporation

No one responded to my request for info. on convertible bonds,
so let me be more specific and challenge you by saying, does anyone
know anything?

What do these fields mean:

Current Yield,

Yield to Maturity,

Bond Close (seems to be around 100 usually, do you multiply
by 10 to get the price of a $1000 bond?  Are all these bonds
$1000 when issued?)

Conversion Price (How does conversion work?  Is $1000 for
each bond converted to stock at the conversion price?)

Lastly, % Premium

OK, give us your best shot and educate us on convertible bonds.
Please.  Opinions and experience on these things are welcome,
too.
Newsgroups: misc.invest
From: jimwo@sssab.se (Jim Woodward)
Subject: How low will USD go? 
Posting-Front-End: Winix Conference v 92.04.09  1.20 (running under MS-Windows)
Reply-To: jimwo@sssab.se
Date: Thu, 3 Sep 1992 14:29:12 GMT



I'm an American living in Sweden. I've got about $10,000 worth of Swedish Kronors in the 
bank and I'm considering wiring the whole lot over to my bank in the States in the form 
of USDs. The dollar is presently at 5.1 Krowns (1.4 German Marks) per USD. Five months 
ago it was at 6.3 Krowns per and from what I read it is seriously undervalued. 

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?

Thanks,

Jim Woodward
Token Amerikan

-- 
Newsgroups: misc.invest
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: sales tax rebate?
Organization: Bellcore, Livingston, NJ
Date: Wed, 2 Sep 92 17:41:54 GMT

In article <1992Aug26.194829.12241@bmerh85.bnr.ca>, seymour@bnr.ca
(Jeffrey Seymour) writes:
|> You guys in the U.S have NO idea of what high taxes are. NO IDEA.
|> Wanna see a population that is even more fed up with taxes than you
|> AND
|> has an unemployment rate almost twice the U.S's?  Sound like some
|> third world 
|> country. 
|> 
|> Good guess.  Actually it's the country the UN voted best country in
|> the world 
|> a couple months ago.  The answer...
|> 
|> Canada.
|> 
|> my 2c (cdn)


Ah yes.  But you have great fishing!!

BTW.  I'm surprised that the UN vote for "Best Country" didn't result in
a 
tie for first place split 198 ways!!!!   (I would hope that each
representative would vote for their
own country!)

Newsgroups: misc.invest
From: eric@desktalk.com (Eric Lieber)
Subject: Re: Imperial Savings - where are they?
Reply-To: eric@desktalk.com
Organization: Desktalk Systems Inc.
Distribution: usa
Date: Wed, 26 Aug 1992 17:56:22 GMT

Imperial Savings in California was taken over by the RTC who sold it
to Household Bank. The Imperial branches in Redondo Beach and San Pedro

are now  Household Bank branches.
The Credit cards issued by Imperial are have been transfered to Wells Fargo


Eric Lieber
DeskTalk Systems
Torrance CA		STD DISCLAIMER.
From: rutkows@ccu.umanitoba.ca (Chris Rutkowski)
Newsgroups: misc.invest
Subject: Portfolio Software
Summary: Looking for software ...
Keywords: software, portfolio, investment
Date: 26 Aug 92 14:54:30 GMT
Organization: University of Manitoba, Winnipeg, Canada

I had posted a request some time ago for info about a software package
called ADVENT Professional Portfolio.  Apparently, no one had any
experience with this system, though, according to its brochures, is
widely used and is the best on the market.

It is a spreadsheet, performance tracker, word processor, mailer,
communications package and font driver all in one, and it sells for
(get this) $9000.00 (US), with an additional $1500/year for updates and
support.

Has anybody HEARD of this package?

Is there a completely inclusive package of similar capability for a lot
less money?  List, please.  Is there an ftp site for some of this
stuff?

-- 
Chris Rutkowski - rutkows@ccu.umanitoba.ca
Royal Astronomical Society of Canada
University of Manitoba - Winnipeg, Canada
From: dprlcm@inetg1.ARCO.COM (Larry Morley)
Subject: Re: Refinancing (considering ARM)
Keywords: refinance
Organization: ARCO Oil and Gas Company
Date: Fri, 4 Sep 1992 03:39:22 GMT

In article <BtupG3.IyA@apollo.hp.com>, saz@apollo.HP.COM () writes:
> I have been considering refinancing my mortgage and I've always
> been a conservative person, however, I was wonedring how risky
> would an Adjustable Rate Mortgage (ARM) really be ? Many banks
> are offering about 4.5% with a 2% per year cap and 6% lifetime cap.
> 
> I know that the ARM index is based on the 1 year T-Bills.
> 
> Can you assume that with a high national debt, we can expect
> interest rates to remain relatively low for a few years ?
> 
> comments /opinions ??

I agree that ARMS are the only way to go now - especially if you can
get a lifetime cap of 10.5%. While it is certainly true that the 
national debt will tend to push up rates, I don't see how the Fed
can raise them too much over the next several years without
choking off the economy. Should rates rise for some unexpected
reason in the near term it will be because inflation, the economy 
and employment have all picked up. This would support the value
of your house so you would not really lose overall. I think the
greater danger at this juncture is *deflation* - not inflation -
and going with an ARM is, in some sense, insurance against 
deflation or zero inflation.

Another important variable to consider in choosing an ARM is the
margin over the index rate. I would be willing to give a little on
the yearly and lifetime caps in order to get a lower margin. 
A 2% margin over the 1 yr T-bill is the best I have seen recently.   
Newsgroups: misc.invest