HDTenEightyP/NetNews huggingface dataset:
From: achan@idaho.tdd.sj.nec.com (Amy Chan)
Subject: Re: Mutual funds with no-fee IRAs
Keywords: IRA, mutual funds, fees
Organization: NEC-AM TDD, San Jose, California
Distribution: usa
Date: Thu, 8 Oct 1992 16:16:42 GMT


The Benham Group's (800-472-3389) mutual funds has no annual fee for IRA. 

Amy
--
Amy Chan                           | E-Mail:
NEC America Inc.                   |  INTERNET: achan@tdd.sj.nec.com
110 Rio Robles, San Jose, CA 95134 |  UUCP: ...{decwrl,oliveb}!necsun!achan
Newsgroups: misc.invest
From: nfs@volkl (Norbert Schlenker)
Subject: Re: investing for November elections
Organization: Princeton University, Dept. of Computer Science
Date: Tue, 13 Oct 1992 17:57:17 GMT

In article <1992Oct13.143951.2843@pbhyg.PacBell.COM> jaorans@PacBell.COM (Jeff Oransky) writes:
>In article <1992Oct13.002533.10073@island.COM> guido@island.COM (Guido Marx) writes:
>>operate) and that there are at least 1000 other banks that are in
>>danger of failing.  Unless we see a strong upsurge in the economy,
>>many of these banks ARE going to fail.
>
>Even a moderate upsurge in the economy would help...

You might want to think about this a little bit more.  The banks are
now so loaded up with T-notes that an upsurge in the economy might
hurt as much as it helps.  If short rates go up 1%, the banks will
lose (collectively) about 3% on their government paper.  That paper
makes up 20% of bank portfolios, so the hit on (collective) bank
capital is more than 1/2%; i.e. about 10% of overall bank capital will
be lost.  Some banks, naturally, will be hurt more than others.

It's a pretty tight box the Fed and FDIC have gotten themselves into.
If the economy doesn't pick up, chances are that ~1000 banks will fail
because of loan losses.  If the economy does pick up, ~1000 banks will
be severely hurt because of investment losses (they often don't fail
right away, but hang around damaged like the S&Ls during the 1980s).
What a choice.

Norbert
nfs@cs.princeton.edu
From: p00140@psilink.com (Gary A. Woodward)
Newsgroups: misc.invest
Subject: penny stock news??
Date: 12 Oct 92 22:21:09 GMT
Organization: Performance Systems Int'l
X-Mailer: PSILink (3.2)

Could someone please e mail me the toll free # or address of, I believe,
a publication that deals with penny stocks and ipo of the same.


thanks in advance.
GW
Newsgroups: misc.invest
From: tpradeep@cs.tamu.edu (Pradeep K Tapadiya)
Subject: Re: Incentives offered for using credit card - Summary
Organization: Computer Science Department, Texas A&M University
Date: Fri, 16 Oct 1992 14:09:06 GMT

In article <1992Oct15.031650.159303@watson.ibm.com> yozzo@watson.ibm.com (Ralph Yozzo) writes:
>Just for the record, a friend of mine has a Citibank card that
>gets one American Airline Frequent Flyer mile for each dollar spent.
>It usually has a $50 annual fee.  But, one year he told them he didn't
>want to pay the fee and they waived it.  (I don't know how
>long this will go on.)
>
>And they would not do it for me.  (Oh, well...(sigh))
>
>
>-- 
>--
> Ralph Yozzo (yozzo@watson.ibm.com)  
> From the beautiful and historic Mid-Hudson Valley area of NY state

There is this ad in the latest issue of Money Magazine for Citibank
Airmiles VISA/MB card.  I think they have reduced the annual fee
to $25 now.

Pradeep
tpradeep@cs.tamu.edu
From: watson@ccsf.caltech.edu (Stephen H. Watson)
Newsgroups: misc.invest
Subject: Re: 2oth Century
Date: 9 Oct 1992 19:33:08 GMT
Organization: CCSF Caltech, Pasadena, CA
Distribution: misc
NNTP-Posting-Host: sampson.ccsf.caltech.edu

In article <1992Oct8.212833.21428@cs.brown.edu>, jhc@iris.uucp (James H. Coombs) writes:
|> In article <MFSJBD.92Oct8090724@dante.nmsu.EDU> mfsjbd@nmsu.EDU (Jeff Davis) writes:
|> 
|> > IN mutual Fund forecaster it ranked 2oth Century Ultra as the TOP
|> >predicted growth fund for the next 5+ years. 
|> > Is mutual fund forecaster any good? ANyone know their track record?
|> 
|> According to Hulbert, MFF has an inferior record.  As for 20th Century
|> Ultra, well, how can you trust a small-company fund that has allowed
|> itself to grow 7-fold?  $330 million on 10/31 1990 and $2,148 in 1991.
|> Well, you can't, and a recent column in Fortune confirmed my
|> suspicion:  they are now investing in larger companies.  In short, they
|> have sacrificed their investment mission to their greed.  

In fact, the prospectus for ALL 20th Century funds clearly states
that as the size of a fund increases, the size of the companies
in which it will invest increases also...Or didn't you read that
part?

Stephen Watson
Newsgroups: misc.invest
From: nadeem@wam.umd.edu (Nadeem Malik)
Subject: Heard of Noble Investment Co.???
Organization: University of Maryland, College Park
Distribution: usa
Date: Wed, 14 Oct 1992 18:08:57 GMT


Have you heard of or dealt with Noblem Investment Co?

They are located in Boca Raton, Florida.  The other day
I received a call from one of the brokers over there who
was interested in selling me some stock.  He recommended
CDIM & BBBQ.

I was just wondering if these people are a decent outfit or not.

The address is:

1801 Clint Moore Rd
Boca Raton, FL 33487

Thanks for any info.


-- 
--------------------------------------------------------------
Nadeem Malik                            nadeem@wam.umd.edu
7200 Wisconsin Avenue, Suite 700	voice: (301) 907-9600
Bethesda, MD 20814                      fax:   (301) 926-9312
From: smm1@troy.uucp (22142-michelson)
Newsgroups: misc.invest
Subject: Re: 20th Century---the real story
Date: 13 Oct 92 20:18:38 GMT
Distribution: misc
Organization: Bellcore, Livingston, NJ

In article <1992Oct12.014643.16851@samba.oit.unc.edu> Chris.Hynes@bbs.oit.unc.edu (Chris Hynes) writes:
>
>	As a 20th Century investor for 5+ years, I must set the record
>straight.  Nobody talked about Twentieth Century until late 1991 when
>Ultra Investors enjoyed a tremendous return (from October 1990 - October
>1991, Ultra increased in value by 101% -- that is 20th Century's
>traditional fiscal year). 

That's quite an exaggeration. Twentieth Century Select and Growth have
long been listed in the best funds to hold over the long hall, enjoying
excellent returns over various periods. I first noticed them in 1986, since
they were highly regarded in Money magazine at that time.

>I am very
>concerned about the low savings rate of our country as well as our
>national debt.

I've wondered whether we should include the 7 percent or so of
our incomes that goes into Social Security as savings, since it is,
in some ways, saving for retirement. If this is not directly considered
savings, then does it put a strain on what we, as Americans, could
be expected to save, since we're forced to pay into this entitlement
pool (which is helping to finance our national debt). I'd just assume
invest the money myself, and not expect the government to pay me
anything at retirement.

>I am concerned about educating poor and low income people
>about the investment opportunities that exist for them. 

When you're really struggling just to put food on the table, and you are
aware that many, many people around you are buying televisions, VCRs, 
Nintendos, etc., it's extremely difficult to save! Good luck educating
these people. I think it would benefit us all in the future.

_______________________________________________________________________________
Steve Michelson                |   Paying tolls is like throwing money out
Bell Communications Research   |   the window.
smm1@troy.cc.bellcore.com      |   
Newsgroups: misc.invest
From: capskb@alliant.backbone.uoknor.edu (Keith Brewster)
Subject: Re: December Banking Surprise
Originator: news@essex.ecn.uoknor.edu
Date: Sun, 11 Oct 1992 20:57:05 GMT
Organization: University of Oklahoma, Norman, OK

In article <ldbmh4INNag3@exodus.Eng.Sun.COM> tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill) writes:
>There was an AP wire story about this printed in yesterday's IBD.
>It's hard to know if this is Bush campaign propaganda; the source is
>a "banking analyst" at Veribanc Inc. of Wakefield MA.  Overall this
>is not as bad as I expected.
>
>"Using government financial data current through June 30, [Veribanc]
> said 58 commercial and savings banks with $24.3 billion in assets
> will be subject to immediate federal seizure after stricter financial
> standards go into effect on Dec. 19.
>
  My guess is that the situation in Dec will be better than June.
  The banks that were behind _know_ that and are working to come into
  compliance. This is one reason why loan growth has been very weak - less
  loans, less capital required.  Also, the regulators would rather
  _not_ close banks.  They are _apparently_ willing to make exceptions
  for banks working on this (e.g, if they have a stock offering in the works).

  From an investor's point of view, the riskiest investment might be in
  banks that are apparently sound, but have some hidden losses that could
  be exposed should the regulators visit and start digging around.  The
  best values might be in those that are close to the limits, but whose
  books have already been scrutinized to death by the regulators.  All this
  is IMHO, of course.

--Keith
---------------------------------------------------------------------
Keith Brewster           "Only Donnie Duncan speaks for OU"
capskb@alliant.backbone.uoknor.edu
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: anyone know anything about Dynagen??
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 12 Oct 1992 21:52:08 GMT

In article <1992Oct12.184230.15991@gordian.com> bruce@gordian.com (Bruce Hafford) writes:
>a broker I know is somewhat interested in a company called
>Dynagen - anyone know anything about them? email or post....

Who is the brokerage?   

If this stock is in the "pink sheets"  -- not listed on any
national market -- then ask your broker to give you
 the names and addresses of each market maker of the stock,

He should definitely be able to do that.  Do not settle for (Oh,
there's 6 or 8 market makers.  Get the names and addreseses of each
market maker.)

Tell him you cannot talk to him until he gives you that
information.

If the number of market makers is 4 or fewer, run -- don't walk -- away.

In many cases there is just a single market maker, and it's the
brokerage itself!  If that;s the case, just hang up.  Don't even
hesitate.  Don't even give they guy a second thought.  Hang up!!
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill)
Newsgroups: misc.invest
Subject: Re: another stock market crash? '29 wasn't a surprise.
Date: 16 Oct 1992 22:45:48 GMT
Organization: Sun Microsystems Inc., Mountain View, CA
Distribution: na
NNTP-Posting-Host: cairo

szabo@techbook.com (Nick Szabo) writes:
> 
> From what I understand, the market crashed in 1929 when it became
> apparent that the Smoot-Hawley [sic] tariff was going to pass.  A
> worldwide shrinkage in international trade was anticipated (correctly).

Untrue.  Perhaps you have been reading too much free trade propaganda.

Hawley-Smoot didn't pass until the fall of 1930.  Historian John Garraty
points out that the depression had already begun in the USA, and had been
in progress in some European countries for many years, by the time this
protectionist tariff legislation passed.  But,

"The American Hawley-Smoot Tariff Act of 1930 dealt a crushing blow to
European industry, already hurt by the developing depression.  By stifling
international trade and preventing the Europeans from earning dollars,
the law also destroyed the last possibility that the United States would
collect the money it had lent its allies during the World War."
					p.15, _The Great Depression_
From: eric@npri6.npri.com (Eric Williams)
Newsgroups: misc.invest
Subject: EE -> HH -- Too good, but it's true!
Keywords: EE bonds HH
Date: 6 Oct 92 17:11:37 GMT
Organization: NPRI, Alexandria VA

This is a follow-up to an earlier post. I called the Treasury and
asked about restrictions for converting EE savings bonds to HH...
There were none, apart from the ones I already know. I don't care
about the tax-deferred business, so after 6 months with my EEs,
I'll convert them to HH and get 6% interest immediately. (Unless the 
minimums change in the next 6 months...) Neat!

-------- eric@npri.com ---------- or ---------- ...uunet!uupsi!npri6!eric -----
           "There is a very life in our despair, vitality of poison."           
Eric C. Williams/ NPRI/ Alexandria, VA/ USA/ (703) 683-9090/ Usual disclaimers.
From: rbp@investor.pgh.pa.us (Bob Peirce #305)
Newsgroups: misc.invest
Subject: Re: The cream of the garbage
Keywords: Short selling
Date: 7 Oct 92 11:53:38 GMT
Reply-To: rbp@investor.pgh.pa.us (Bob Peirce #305)
Organization: Cookson, Peirce & Co., Pittsburgh, PA

In article <2340@gandalf.intel.com> chedley@carthago.intel.com (CHEDLEY_AOURIRI) writes:
>Recently, the publisher of a bearish newsletter screened out stocks 
>with poor technicals and fundamentals, and came up with a list of stocks
>that have
>   -- an awful long-term trading chart
>   -- a lousy short term trading pattern
>   -- rapidly declining earnings or no earnings at all
>   -- high debt/equity ratio
>   -- poor relative strength
>   -- weak industry group rating
>
>I added in my own shorting criteria to screen them out and find 
>the cream of the crop. Below is the list of stocks I found. 
>In my opinion, the price of these stocks should go down 
>substantially at the next stock market hick-up. 

Actually, these criteria are more likely to lead to stocks which are
beginning or well into a base.  As the saying goes, anything everybody
knows isn't worth knowing, and everybody is sure going to know about
any stocks with these criteria.

Usually, the stocks that go down the most in a bear market are the ones
you would least expect.  The seem to have good earnings and sound
fundamentals, but the bear market (or coming recession) expose them to
surprises.
-- 
Bob Peirce, Pittsburgh, PA         rbp@investor.pgh.pa.us         412-471-5320
venetia@investor.pgh.pa.us [NeXT Mail]  !uunet.uu.net!pitt!investor!rbp [UUCP]
Newsgroups: misc.invest
From: dwang@ADS.COM (David Wang)
Subject: Re: Income & Wealth
Organization: Advanced Decision Systems, Mtn. View, CA (415)960-7300
Date: Fri, 9 Oct 1992 22:07:10 GMT

But, where is it written in stone that people have to BUY ?!  What
happen to living within your mean?  It is not my fault or your fault
that someone decided to borrow to buy something they couldn't afford.



High consumer debt is a DIRECT result of people buying the garbage
from TV ads.

>        I mean, it doesn't seem that hard to understand to me personally.
>
>        As far an axe to grind.  Why do politics keep getting mixed up
>   in what is a cause and effect discussion?

The problem is -- one's conclusions to real world observation is
colored by their political and social beliefs.  

Another point : why should people that save and create wealth
  be penalized ?  where is the old virtue of individual 
  responsibility ?  If someone spend beyond his/her mean, it
  is an individual problem.  Government has no role in bailing
  out irresponsible individual behaviors.

DW
From: fischer@li.serum.kodak.com (Chris Fischer (x39613))
Newsgroups: misc.invest
Subject: Re:      Re: Income & Wealth
Date: 8 Oct 92 20:01:35 GMT
Organization: Clinical Products Division, Eastman Kodak Company

In article <9210081841.AA16366@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu ("Broward "Liquidity" Horne") writes:
>      > What people can't BUY, they borrow to buy.
>      > High consumer debt is a DIRECT result of wealth disparity.
>
>    Well, Dani, me boy, here are some numbers for you.
>
>    This week's Barron's, page 10:
>
>            " The Federal Reserve says the top 1% of families owned 37%
>    of private net worth in 1989, up from 31% in 1983 and the greatest
>    concentration of wealth at the top since the Twenties. "
>
>    In his book, " The Great Depression of 1990 " ( since renamed
>    " Regular Economic Cycles ", 

Have you given any thought as to why he renamed the book?

>	 Ravi Batra has a chart of distribution
>    of wealth.  It shows the concentration of wealth in the top 1% to
>    be 36% in the late Twenties. It shows fluctutations averaging 25-28%
>    for the post-war periods.  And Batra's numbers are not his.
>    They were developed independently of his theory, well before he
>    came on the scene.  Late 50's if I remember correctly.
>
>    Interesting speculations - If the Japanese banking system does collapse,
>    or should I say, *when* it collapses and *if* it isn't propped up,
>    in all likelyhood large commercial real estate holdings in Los Angeles
>    are getting dumped.  Most of the big banks in L.A. are Japanese.
>    Sayanora, real estate prices.  Sayanora, Citibank and BofA.
>
That's what everybody though would happen when the Japanese stock market
tanked.  The Japanese would take the marbles and go home (to prop up
their market), and ours would collapse in all the selling.

The odd thing was that the reverse happened.  Japanese investors realized 
that the Japanese market would be going down for awhile, so they withdrew
their money (from the Japanese market) and sent it to Germany, Mexico, 
the U.S. , etc.  They realized that they could still get a decent return
out here.  And in the process they also caused their stock market to get 
worse.

The moral of the story is that things don't always happen the way
we expect them to.

>    Olympia and York, I discovered, have major real estate loans from...
>    our old pal, Citibank.
>
>    Real estate holdings in Canada are being dumped, Sweden's banking system
>    is collapsing under bad real estate loans, Britain's commercial real
>    estate is declining, sell-offs are beginning in Paris.  First Chicago
>    bank is slimming over a billion in property off their books.
>
>    Me, I'm *highly* liquid.

Me, I'm increasing my liquidity, but that's just because I figure that there
will be a market correction after the election.


-- 
Chris Fischer (fischer@serum.clpd.KODAK.com)
They never even listen to my opinion, why would they make it policy?
"The healthy gum tissue of our liberties are being eaten away by the 
 periodontal disease of government regulation." - D.Barry
Newsgroups: misc.invest
From: philco@microsoft.com (Phillip Cooper)
Subject: Janus Fund phone number?
Date: 13 Oct 92 19:36:39 GMT
Organization: Microsoft Corp.
Distribution: usa

I was wondering if someone could post the general phone number
for Janus.  I need to get a prospectus from them.

Phil Cooper

Newsgroups: misc.invest
From: barrada@infonode.ingr.com (Ahmed Barrada)
Subject: professional tape read phone number ?
Organization: Intergraph Corporation, Huntsville, AL.
Distribution: na
Date: Thu, 15 Oct 1992 14:38:51 GMT

If you know the phone number for "The Professional Tape Reader" , would you
please mail or post.

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: bruce@gordian.com (Bruce Hafford)
Subject: anyone know anything about Dynagen??
Organization: Gordian
Date: Mon, 12 Oct 1992 18:42:30 GMT

a broker I know is somewhat interested in a company called
Dynagen - anyone know anything about them? email or post....

bruce


Newsgroups: misc.invest
From: barrada@infonode.ingr.com (Ahmed Barrada)
Subject: Re: Independent VANGUARD newsletters
Organization: Intergraph Corporation, Huntsville, AL.
Date: Mon, 12 Oct 1992 13:51:16 GMT

In article <1992Oct9.233722.1@vaxb.acs.unt.edu> ff76@vaxb.acs.unt.edu writes:
>Are there any "third party" newsletters that monitor Vanguard fund performances
>and make switching recommendations (in the style of Fidelity Monitor and
>Fidelity Insight for Fidelity funds))?  I seem to remember having received
>something from Vantage (I think) sometime back.
>
>If there is (are) such (a) beast(s), w
>
>Thanks, in advance.
>
>- Jhinuk -
>
>Jhinuk Chowdhury
>ff76@vaxb.acs.unt.edu

Call 800 / 359-9000

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: GCTHORNE@idbsu.idbsu.edu (Broward Horne)
Subject:      Re: Income & Wealth
Date: Thu, 08 Oct 92 08:03:37 MST
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From: dwang@ADS.COM (David Wang)
Subject: Re: Income & Wealth (Was: Effects...Debt)
Organization: Advanced Decision Systems, Mtn. View, CA (415)960-7300
Date: Wed, 7 Oct 1992 22:06:33 GMT


>An other obvious obstacle to consumer spending is the high level of
>consumer debt as a percentage of income.  This factor is far more
>important than wealth disparity.  Still another obvious obstacle is

        What people can't BUY, they borrow to buy.
        High consumer debt is a DIRECT result of wealth disparity.

        I mean, it doesn't seem that hard to understand to me personally.

        As far an axe to grind.  Why do politics keep getting mixed up
   in what is a cause and effect discussion?

        Newsflash - Ravi Batra predicted a major depression, based on
   his theories on wealth disparity.  Personally, I have very little
   doubt that he's about to gain some converts.  Japan's bank system
   is about to require a     O N E    T R I L L I O N   D O L L A R
   bailout.  Can you spell "banking collapse" ?

        All because a bunch of clowns believed that it was okay to
   grab everything up from everybody else and say

                  " Well, too bad, you were stupid "
Newsgroups: misc.invest
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: Companies buying back their own shares
Reply-To: keith@iscp.Bellcore.COM (Keith Hawkins)
Organization: Bell Communications Research (Bellcore)
Date: Mon, 12 Oct 92 18:37:02 GMT

In article <1992Oct08.171058.11772@eng.umd.edu>, anth@eng.umd.edu
(Anthony G. Bradford) writes:
|> 
|> When companies buy back their own shares is this always considered a
|> good sign??
|> -- 
|> 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



And on a similar note,  how does this action differ from a reverse stock
split,
which is generally considered to be a "BAD" sign?  

My take is that a reverse
split is just "declared" which changes the portion of the company each
share
represents and does not affect the portion of the equity which is held
internally by 
the company whereas a buy-back does not alter the "number of slices in
the pie"
but just has the company owning a few more of the slices.  If I'm
correct in
my understanding of the differences in these two actions, than I would
say that
a reverse split is a much greater negative sign than a share buy back.

Reverse splits seem to be almost a trick to keep the apparent value of
the shares
above a certain level so as to meet certain exchange listing
requirements, 
mutual fund manager guidelines, etc.

I don't believe reverse splits can anyway directly benefit the company
and are
generally considered desperate moves.

-Keith