HDTenEightyP/NetNews huggingface dataset:
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: Savings Bonds for College
Organization: Unocal Corporation
Distribution: usa
Date: Fri, 20 Nov 1992 17:47:35 GMT

In article <harvey.722208572@taupe> harvey@rtsg.mot.com (Anne M. Harvey) writes:
>
>I am considering purchasing U.S. Savings Bonds as part of a plan to save for
>my 1 yr. old daughter's college expenses.  I am unsure of whether I should
>purchase the bonds in my name or in my child's name.  I would appreciate any
>explanation of the advantages and disadvantages of either choice.
>
>If it makes a difference, I already have a small amount invested in a mutual
>fund in the child's name.  I plan to continue contributing to this also.
>But I want to balance it with some conservative investment also.

Not a whole lot of difference.  The tax regulations assume a child's account
is a tax shelter for parents or grandparents, so any amount of income over
$1000 is taxed at the parent's rate, i.e. effectively added to the parent's
income.  Instruments that defer taxble income until the child becomes an
adult could be preferrable.  These include zero-coupon bonds, direct stocks
opposed to mutual funds.

Another problem are the formulas for computing student aid.  See Time Magazine
about two weeks ago for a discussion of this problem.  Effectively money
in a child's account is consumed much faster than a parents.  The numbers
vary, but a child is expected to contribute 33% of savings per year while
the parents maxes out at about 10% of total assets, depending on mix of
assests and number of children in college.

I was amazed by the recent financial aid application- much stricter than
an income tax form.  In fact, you have to supply copies of IRS filings
for parents and children as merely one component of the total application.


There are books on this subject with more precise details.
Newsgroups: misc.invest
From: tcifelli@bmerh717.bnr.ca (Tony Cifelli)
Subject: Re: Canadian dollar: bad or awful
Organization: Bell-Northern Research, Ottawa, Canada
Distribution: na
Date: Tue, 17 Nov 92 16:53:02 GMT

In article <gilman-171192090140@143.48.10.10> gilman@cshl.org (Michael Gilman) writes:
>
>Hello, Netters.
>
>Any views on the future of the Canadian dollar? It has dropped
>substantially in the past few months and it would seem that with the
>potential for rising interest rates in the U.S. and economy-stimulating
>interest rate cuts in Canada, the prognosis looks worse. If one has money
>in Canada, is now the time to get out?
>
>mg
>gilman@cshl.org

Bad if you own C$.  I'm Canadian and have some of them.  They (market
experts - whatever that may be) claim that the C$ is going down to possibly
US$0.70.  Again not good if you own.  But if you want to buy, just wait
til it goes really low (as expected).  In the longer term however, IMHO,
I believe the C$ is a solid currency.  It is doing very well relative to
other national currencies.  It is losing some ground to the US$ however.

I would suggest that if you need the money in the near future, sell now.
If you don't and you have more money, wait until it drops and buy more.

my C$0.02 worth.

Tony.
--
[Tony Cifelli              ][Phone:    613-765-2798   ][BNR is not accountable]
[Bell-Northern Research    ][FAX:      613-763-2714   ][for the opinions      ]
[P.O. Box 3511, Station C  ][Internet: tcifelli@bnr.ca][expressed herein.     ]
[Ottawa, On. K1Y 4H7 CANADA]["Still looking for a dramatic quote to put here!"]
Xref: sparky misc.invest:14013 misc.taxes:3607
From: demon@desire.wright.edu (Stupendous Man)
Newsgroups: misc.invest,misc.taxes
Subject: Re: Taxes and stocks (mostly)
Date: 19 Nov 92 13:35:17 EST
Organization: Demonic Possesions, Inc.

In article <BxxLxM.IAF@cs.uiuc.edu>, watanabe@cs.uiuc.edu (Larry Watanabe) writes:
> demon@desire.wright.edu (Stupendous Man) writes:
> 
>>	Sorry, but there are no losses.  Someone does not knock on your door
>>and ask for money.  Paper "losses" are only real if you actually sell at that
>>point.  Most successful traders don't base their trades on paper.
>>	I held my Sears stock.  It's double since then (17-35), so where are my
>>"losses"?  (And I still haven't sold.)
> 
>>> Remember, all you have to do is sell and buy within five minutes.  Then
> 
>>	Do you buy stocks?  Have you ever gotten confirmation within five
>>minutes?  If you don't wait for confirmation you could be in for a rude
>>awakening the next day.
> 
> This is a case where options, puts, calls, warrants etc. can be
> useful for ensuring that you hold onto your profits while taking
> advantage of tax benefits. 
> 
> For example, suppose you have made a certain profit in a stock,
> but don't want to sell it for another 2 months so that the gain
> will be taxed as a long-term capital gain. However, you are
> afraid that the stock might go down. You can create a "perfect
> hedge" against your portfolio, so that whether the stock rises
> or falls in price, you neither gain nor lose money.

	I'd go with options also, but there are those who argue for
short-selling to hedge the portfolio.  Warrants?  What's the strategy
behind that?  (That's one I haven't heard used :)

Brett
===============================================================================
80s: 18 million new jobs, deficits down (%GNP), tax rates down, tax revenues up
GNP up, inflation down, unemployment down, interest rates down, cold war won
-------------------------------------------------------------------------------
From: steve@cucbs.chem.columbia.edu (Steve Stuart)
Newsgroups: misc.invest
Subject: industries
Date: 24 Nov 92 01:10:04 GMT
Distribution: misc
Organization: Center for Biomolecular Simulation, Department of Chemistry,
	Columbia University

I thought I'd start an interesting thread with a question for general
discussion:  what industries do you like/dislike?  (Other than
computers & related areas, which this group tends to o.d. on!)

Pharmaceuticals look *great* to me right now.  They're down up to 20%
from year-ago prices, with amazingly cheap P/Es.  Sure, Clinton is
going to cut health-care costs, but it looks to me like this is a case
of "down on expectations, up on news".  That is, Clinton's mighty
cost-cutting has been discounted, and when it turns out to be not so
bad after all, drug stocks will rebound.  (I'm talking about a >= 1
year timeframe, not short-term)  Second opinions?

As for "hot" areas, how are technology-oriented environmental
(pollution control) companies doing?  I'm sure everyone else has
thought of this area long before me, but they seem like a natural
choice for a Clinton/Gore administration.  I'll go look 'em up, but I
like bargains, so I bet I'm too late for this bandwagon...

Okay, your turn.

-- 
-Steve

echo "a'rfg cnf Crpv | har" | tr '[a-m][n-z] ' '[n-z][a-m]\012' | sort | tr "\012" " " ; echo " "
Newsgroups: misc.invest
From: mpb@troy.cc.bellcore.com (bunz,marcus p)
Subject: Re: Maytag
Organization: Bellcore, Livingston, NJ
Distribution: usa
Date: Mon, 16 Nov 92 20:55:21 GMT

In article <1992Nov8.194104.11517@oz.plymouth.edu>, m_ander@oz.plymouth.edu (Michael L. Anderson) writes:
> My broker recently suggested that I but Maytag stock.  
> How's the net feel about Maytag?  Personally, I come from the
> school of thought that says if he really knew what he was talking
> about, he would be retired by now.
> 
> -Mike
Maytag took a large one time charge last quarter to cover the expenses
of changing there distribution channels.  It looks as though they are
going to be a little easier for retailers to deal with the company, and
should help to reduce their costs.

For Maytag to really come back, it will require an upturn in the economy
where people start buying new homes, or modernizing their existing homes,
especially in the Jenn-aire product line (lets face it, the Jenn-aire 
crowd is also the group that is most likely to feel their walets
getting a little lighter in the next couple years).

There is the potential for Maytag to do well, but it may be more directly
tied to the economy than people realize.

Marc

Newsgroups: misc.invest
From: msingh@silver.ucs.indiana.edu (The Supreme Commander)
Subject: Yields and Betas...huh?
Organization: Indiana University
Date: Mon, 16 Nov 1992 20:37:36 GMT


Please help a new investor with some of the lingo used in the
financial world! What is a BETA value? And how do I interpret the
YIELD? I've gotten confused recently because a stock that was doing
exceptionally well, with a generous increase in value, had a YIELD of
0%! I therefore figured I must be missing something...

And BETA values are completely beyond me for now. I'm attempting to
evaluate stock potential and realize that these are important items
wich should be understood.

Thanks for any help.



				...Manu



-- 
---------------------------------------------------------------------
The Supreme Commander wishes you a Supreme day. 
I'm a Magic Man, oooh, I got the magic hands, yeah...
Don't mind me, I'm just attempting to dock.
Newsgroups: misc.invest
From: bible@iastate.edu (Anthony E Bible)
Subject: Re: Harken correction
Organization: Iowa State University, Ames, IA
Date: Tue, 17 Nov 1992 15:00:35 GMT

In article <1992Nov16.233014.23877@msuinfo.cl.msu.edu> casey@cl-next4.msu.edu (Tim M. Casey) writes:
>In article <BxKHK8.FoA@apollo.hp.com> goykhman_a@apollo.hp.com (Alex  
>Goykhman) writes:
>>     Beware of the insiders trying to unload the stock...	
>
>I forgot to mention in my last letter, the stock price actually did drop  
>drastically BEFORE anouncement of a strike. Also the Venezelian contract  
>was for 6 years, not 6 months.
>
>Also, the stock has a steady base around $2 and has had that base ever  
>since it was available. Believe me, I WILL keep a close eye on this one. I
>already have a stop loss order at $5. I will break even if it reaches this  
>price.

	My understanding is that a stop loss order at $5.00 only acts as an
order to offer the stock for sale if it gets to that level; it is not a
guarantee that you will get $5.00 for the stock.  If there are no buyers at 
that price the stock could end up being sold for less; perhaps for considerably
less.


Regards,
tony
Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: Re: Writing options
Date: Thu, 19 Nov 1992 16:06:04 GMT

In article <Bxxz46.CoM@news.cso.uiuc.edu> cs101a64@eng-nxt01.cso.uiuc.edu (cs101 student) writes:
>In article <sf0xNz70Bwx58D1FB0@transarc.com>  writes:
>> So say I have 1000 shares of USAir and I want to write call options
>> since I believe that even though the stock is going to go up it
>> will not do it at a fast pace. So the stock is trading around 13 1/2
>> how do I compute the cost of each option, for which month should
>> I write it for? is it worth it to write a smaller block or am
>> I just going to pay per contract?
>> 
>> Feel free to use any other company and
>> thanks,
>> Jim.
>> 

>Don't mess around in the futures market.  It is hopelessly complicated.   

Don't listen to everthing everyone has to say, it is hopelessly confusing...



Get your own reasons for your decision clear first, what premises are you
dealing with, then make your decision.

For example, lets say you really don't want to sell your USAir stock, but
you want to make some money on the fact that you own a stock that will 
likely appreciate at a slow and/or uneven pace (barring extraordinary 
events such as British Air investments being approved) before you actually
sell the stock.

At $13 1/2 you could write a call option at $15 ($2 1/2 intrinsic value) for
next month or next year. If you think nothing big will happen (on the plus
side) during the next two months then extend your expiration dates and/or
reduce the strike price (e.g. $12 1/2, may be too low).

Do some what if's: If USAir goes to $20 you get the premium and loose the
stock. Writing calls for less stock (80%, 50%) means less premium but more
stock gain (5 calls at $15 minimumally gets you $1250, selling the rest
of the stock at $20 you gain $3250, $4500 on $13,500 invested). If the stock
goes down in the short term or stays the same you should have written more
calls.

Check the Wall Street Journal for stock option prices for the next three
expiration dates. Ask your broker for expiration dates further out.

barry

Newsgroups: misc.invest
From: anth@eng.umd.edu (Anthony G. Bradford)
Subject: Re: Exp. with Hibbard Brown
Date: Mon, 23 Nov 92 22:28:49 GMT
Organization: Project GLUE, University of Maryland, College Park


In article <38731@twerp.ease.arco.com> you write:
>
>Hi,
>
>Does anyone have experience using Hibbard Brown brokerage firm - have they
>provided good advice, kept you upto date on happenings etc...am looking
>to get involved with them , thought i'd see if anyone had any priors...
>-chander

No. STOP. Don't use Hibbard Brown. They are a penny stock brokerage
firm. They push trash. Robert Brenner is associated with them and he
has many security law violations.
Hibbard & Brown was featured in Forbes magazine two to three months
ago (the issue with Bob Brenner on the cover). The article that
features Bob Brenner mentions Hibbard. Hibbard pushs trash
penny stock companies with huge bid & ask differentials. Hibbard is a
cold calling operation. I have a friend that used to work for Hibbard.
Since the article in Forbes he has changed jobs to Olde Discount.
	I'd recomend throwing darts at the Wall Street Journal before
using Hibbard (actually Olde isn't that bad).

-- 
In-Real-life: Anthony Bradford, University of Maryland College Park, MD, U.S.A.
		anth@wam.umd.edu anth@eng.umd.edu  phone: 1 301 277 6795
Newsgroups: misc.invest
From: philco@microsoft.com (Phillip Cooper)
Subject: Re: Inheritance forthcoming...advice sought
Date: 16 Nov 92 18:03:59 GMT
Organization: Microsoft Corporation
Distribution: misc.invest
Keywords: Loop Holes

In article <1992Nov13.221124.25275@novell.com> bradley@novell.com (Brad Soe) writes:
>In article <1992Nov13.203738.16082@src.dec.com> pardo@src.dec.com (Phil Pardo) writes:
>>
>>
>>I am expecting an inheritance soon that is in the neighborhood 
>>of 10 to 15K.  Does anyone out there know of any loop holes that 
>>might exist to get around the taxes that will have to be paid on
>>it or if there is a manner in which to invest it before I physically 
>>touch the money?
>>
>>Any and all advice on this matter would be greatly appreciated.
>
>Is this person still alive? Anyway, he/she can give you 10K Free and clear
>as a gift right now. You can inherit the other 5K later. A person is allowed
>to give a gift up to 10K lump sum per year with out any tax penalty. You
>would have to pay tax on the other 5K though, but not on the 10K.
>
>There are other ways, but this is the easiest. 
>
>
>Brad Soe
>bradley@novell.com
>

This is true, but it doesn't stop at 10K per year.  You can gift 10K
per person per year.  So in this case, the person could gift him 10K,
his wife 10K and each of his 12 children 10K (all inheritance tax-free)

Phil Cooper
Newsgroups: misc.invest
From: anth@eng.umd.edu (Anthony G. Bradford)
Subject: S&P 500 and AMD - is it in
Date: Mon, 23 Nov 92 22:37:27 GMT
Organization: Project GLUE, University of Maryland, College Park


With the recent rallys in Advanced Micro Devices (AMD-NYSE) is it now
back into the S&P 500. Last time that AMD was near its 52 week high is
well noted that AMD was now listed in the S&P500. I assume that when
AMD lost its court ruling on the 80287 and spilled to 7 3/8 it was
taken out of the S&P 500, since being in the index is based on market
capitalzation.
	How often is the S&P500 updated for the 500 biggest
capitalized companies? Every quarter,month,day?? Is AMD in it? Was it
taken out for its spill to 7 3/8??????
-- 
In-Real-life: Anthony Bradford, University of Maryland College Park, MD, U.S.A.
		anth@wam.umd.edu anth@eng.umd.edu  phone: 1 301 277 6795
Newsgroups: misc.invest
From: jwang@rad.rpslmc.edu (jinzhao wang)
Subject: Bankruptcy 1995
Reply-To: jwang@rad.rpslmc.edu
Organization: Rush Presbyterian-St. Lukes Medical Center, Chicago IL 60612
Date: Tue, 17 Nov 1992 15:16:04 GMT

I saw a new book on news stand titled "Bankruptcy 1995". Have anybody read the book?
What's the logic presented? What's your opinon?

Thanks.
Newsgroups: misc.invest
From: vkwok@hopi.intel.com (Vincent Kwok)
Subject: Re: misc.invest FAQ on general investment topics
Followup-To:  NAIC 
Organization: Intel Corporation
Date: Wed, 18 Nov 1992 18:25:35 GMT

In article <dlaird.289g@terapin.com> dlaird@terapin.com (Delbert Laird) writes:
>NAIC
>National Association of Investors Corp.
>1515 East Eleven Mile Road
>Royal Oak, MI 48067
>1-313-543-0612
>
>The NAIC is a nonprofit organization operated by and for the benefit of memeber
>clubs.  The Association has been in existence since the 1950's
>and has around 110,000 members.
>
>Membership costs $32.00 per year for an individual or $30 for a club (more on
>that later) and $9.00 per each club member.  The membership provides the member
>with a monthly newsletter, details of your membership and information
>on how to start a investment club, how to analyze stocks and how to keep
>records.
> 
>In addition to the information provided, NAIC operates "Low-Cost Investment
>Plan", which allows members to invest in participating companies such as
>Disney, Kellogg, McDonald's, Mobil and Quaker Oats...Most don't incur a
>commission although some have a nominal fee ($3-$5).
> 
>Of the 500 clubs surveyed in 1989, the average club had a compound annual
>growth rate of 10.8% compared with 10.6% for the S&P 500 stock index...It's
>average portfolio was worth $66,755.
>
>Del
>
>dlaird@terapin.com

I joined the NAIC a few months ago and "purchased" shares from four
companies thru the "Low-Cost Investment Plan".  NAIC charges $5 for
each company you wish to buy shares from.  The investor is only allowed
to buy 1 share.  The idea is once you own a share you can buy shares
thru the company's dividend re-investment program.  NAIC purchases the
shares into its account and then instructs the transfer agent to
transfer a share to your name.  As I've found out, this process is VERY
slow-- its been over 2 months and I've only received confirmation of
this transfer from one of the four companies I wished to invest in.

Also, the participating companies change (on a monthly basis?): Disney
was no longer participating.

The verdict is still out, but it doesn't look like I will renew my
membership next year.  Does anyone have any other experiences with
NAIC(positive or negative). 


Vincent Kwok

---------------------------------------------------------------------------
D
D
D
C
thru the company's Dividend re-investment program.  
--
 Intel, Corp.
 5000 W. Chandler Blvd.
 Chandler, AZ  85226
Newsgroups: misc.invest
Subject: Re: tax free funds & 33% tax bracket ?
From: gary@cdthq.UUCP (Gary Heston)
Date: Sun, 22 Nov 92 12:19:04 CST
Organization: Garys' Home for Obsolete Computers

jxs18@po.CWRU.Edu (Jerry Sy) writes:

> why is a tax free bonds, or mutual funds always related to somebody
> with 33% tax bracket ?  why ? can't somebody with 20% tax bracket
> invest in tax free bonds ? is there something I'm missing ?

Usually, people in the 20% tax bracket don't have enough money
to invest in anything, much less tax-free bonds.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: rowzej@vccnw03.its.rpi.edu (John Edward Rowzee)
Subject: Re: buying foreign currency for the little guy
Organization: Rensselaer Polytechnic Institute, Troy, NY
Date: Wed, 18 Nov 1992 19:50:24 GMT

In article <adwright.721923340@vincent1.iastate.edu> adwright@iastate.edu () writes:
>I am interested in buying foreign currency on a small scale. Is it possible 
>to get, say Swiss Francs or Yens at a Bank in the form of Travellers Checks
>and just cash them in for dollars later on? Would i need to have proof that 
>i intend to travel to that country or can just anyone get them? Am i missing
>something or would this be an easy way for a little guy to invest in foreign 
>currency? Any advice, opinions, or references to books would be appreciated.

AMEX sells them in the following currencies (some are harder to find than 
others:)

US and Cdn Dollars
DM
Swiss and French Francs
British Pounds 
Japanese Yen

I don't know if I'd recommend them as investment vehicles, but as an AMEX
cardholder I have called and ordered them for trips.  The rates are competitve,
and there is no minimum order.  AAA usually has the more common ones.  

If cashing them back for the face currency in the home country, AMEX offices
usually don't charge a fee.  You lose, however, when you cash for other
currencies, tho'.

Hope this helps...

----->                         "It will be a great day when our schools
John Edward Rowzee              have enough money to function properly,
rowzej@rpi.edu                  and the Army is forced to have a bake
                                sale to buy a bomber."

-- 
"We're getting older                           Maybe it's livin'
    the world's getting colder                     making us give in
 For the life of me                            Hearts rolling in
    I don't know the reason why                    taken back on the tide
Newsgroups: misc.invest
From: gary@intrepid.com (Gary Funck)
Subject: Re: Stock Option symbols 
Organization: Intrepid Technology, Inc.
Distribution: usa
Date: Thu, 19 Nov 1992 16:42:17 GMT

In article <BxxL0r.31J@SSD.intel.com> tim@ssd.intel.com (Tim Gates) writes:
>Is there someone out there that has some information on the stock option 
>symbols for, say, the fortune 500 companies?  My local broker has a free,
>dial-up quoting system and I was looking to track some of the larger company
>options.  Silly me, I thought the stock symbol would be the same as the 
>option symbol with an addition of a strike price and put/call selection, but
>it isn't.   Help anyone?
>
>Thanks in advance,
>tim@ssd.intel.com

Tim,

Call 1-800-OPTIONS (the CBOE) and ask for their "Directory of Listed
Options".  Also, ask for their nifty little calendar that shows
expiration dates and gives a crib sheet for coming up with the
proper options symbol, once you have the "root symbol" listed in
the directory.

  - Gary

-- 
| Gary Funck  		    gary@intrepid.com  [uunet!uupsi!intrepid!gary]
| Intrepid Technology Inc., Mountain View CA (415) 964-8135
--
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Inheritance forthcoming...advice sought
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: misc.invest
Date: Tue, 17 Nov 1992 16:37:31 GMT
Keywords: Loop Holes


In article <1992Nov16.180359.26038@microsoft.com>, philco@microsoft.com (Phillip Cooper) writes:
>This is true, but it doesn't stop at 10K per year.  You can gift 10K
>per person per year.  So in this case, the person could gift him 10K,
>his wife 10K and each of his 12 children 10K (all inheritance tax-free)

What is stopping people from forming a "gift-swap-club" (read tax evasion
joint)?  Say the club has 10 members.  All of them want to gift their
one kid $100K this year.  Here is scheme:
	Each member gifts his/her kid $10K;
	Each member gifts the other nine members $10K each;
	Each member then gifts $10K to every other members' kids.

$100K from each member channeled to his/her kid tax free.  Any problem
besides upsetting IRS?
Newsgroups: misc.invest
From: scaruffi@flash.ATC.Olivetti.Com (Piero Scaruffi)
Newsgroups: misc.invest.real-estate,misc.forsale,ba.market.housing
Subject: Monterey condo for sale
Date: 20 Nov 92 17:49:47 GMT
Followup-To: misc.invest.real-estate
Distribution: usa
Organization: Olivetti ATC; Cupertino CA, USA


                      Condo in Monterey
                      -----------------

          * Superb, spacious 2 bedroom 2.5 bathroom condo
            in a calm and secluded wooden area of Monterey
          * 2 fireplaces 
          * Pool, jacuzzi and bbq area
          * Near golf courts
          * State-of-the-art kitchen and bathrooms
	  * Ideal for a relaxing and easy lifestyle
          * 87 Montsalas Dr.
	  * $215,000
          * Call my realtor, Nancy Judge, at (408) 625-5300 (bus) or
            (408) 649-1091 (res).
	  
    Please don't reply to this account as I am posting this for a friend
    who can't e-mail.
Newsgroups: misc.invest.real-estate