HDTenEightyP/NetNews huggingface dataset:
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 23 Dec 92 00:04 PST
Subject: Re: Bond Funds
Nf-ID: #R:1992Dec22.030652.19435@extropia.:-900298970:cdp:1426500310:000:620
Nf-From: cdp.UUCP!mcaldon    Dec 23 00:04:00 1992


|I expect the interest rate will keep on declining because the Federal
|GOV wants to depreciate the CND dollar (mentioned in Business World last week)
|and we need a lower rate to stimulate the economy.

Thanks for the info.  I was considering buying BCE partly because the $C 
seemed pretty low.  Not low enough, I guess.
                           
|       DMcKenzie        |      "Time is the best teacher.      |    
|    mcaldon@igc.org     |    Unfortunately, it kills all its   |
|                        |    pupils."   Hector-Louis Berlioz   |
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From: jxs18@po.CWRU.Edu (Jerry Sy)
Newsgroups: misc.invest
Subject: any good Growth and Income fund ?
Date: 21 Dec 92 18:14:52 GMT
Reply-To: jxs18@po.CWRU.Edu (Jerry Sy)
Organization: Case Western Reserve University, Cleveland, OH (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


I am thinking on starting investing for the long term and may decide
to do it in a growth and income fund.  I'd like to get recommendations
from the net as to which one I should get,preferably no load, or little load 
if the return would be high enough to offset the load.

I'd like one that performs better than average and do at least moderate
on bull or bear markets, if there is such a fund.

any comments/recommendation appreciated.

please email response if possible.

happy holidays!
jerry
Newsgroups: misc.invest
From: hbe@sonia.math.ucla.edu (H. Enderton)
Subject: Re: Need Broker with GOOD PRICES (ONLINE service preferred)
Organization: UCLA Mathematics Department
Distribution: usa
Date: Tue, 22 Dec 92 23:42:14 GMT

In article <22DEC199211273225@csa2.lbl.gov> schindler@csa2.lbl.gov
(AARON SCHINDLER) writes:
>The only two brokerages that have an online trading system that I know of are
>Charles Schwab and Fidelity Brokerage Service.  Their trading software costs 
>about $70-$90. 

Another is PFCN (PCFN?), through Prodigy.  No software expense, but
Prodigy has a monthly fee.

--Herb Enderton    (hbe@math.ucla.edu)
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 30 Dec 92 22:02 PST
Subject: Re: Contrarian trading in stocks priced
Nf-ID: #R:sybase.sybase.com:27499:cdp:1426500318:000:2009
Nf-From: cdp.UUCP!mcaldon    Dec 30 22:02:00 1992


|Does anyone know what the performance is for major exchange stocks whose price
|has fallen below a dollar?  (I'm not speaking of "penny" stocks, but rather
|NYSE, AMEX, and NASDAQ stocks that at one time traded above 5, but for one
|reason or another have fallen down to prices like 1/2 or 11/16).

I think you'll find that stocks selling below a dollar are in really bad
shape.  People will pay a buck a share for anything with a glimmer of
hope, like Pan-Am before the plug was finally pulled.  Furthermore, there
are so-called vulture funds picking over this stuff daily, with better
access to facts than the average investor.

|Although I realize that many of these stocks belong to corporations on the
|skids, and quite often they eventually go belly up leaving the stockholder
|with zip, there are certainly plenty of comeback stories.  It has occurred
                               ^^^^^^^^^^^^^^^^^^^^^^^^^^
I can't think of any, but I have a bad memory -- a serious deficiency in this
game.  Could you name a few that came back from below $1.00?

|I suppose there's some danger of reverse splits causing me to hold odd lots.
|At prices under a dollar, though I'd probably want to buy at least 1000 shares
|per company, just because of the commission hit.  I'm assuming reverse splits
|of greater than 1 for 10 are unusual enough to be discountable -- is this a
|valid premise?     John Cooper
                             
I had 1,000 shares of Elxsi which I bought at $0.25 because I'd heard
a couple of entrepreneurs had taken over the company to make it a venture
capital outfit.  First couple of things they did was invest in some
East Coast restaurants and do a reverse split, 1 for 25. Now I have 40
shares of a $5 stock.

|       DMcKenzie        |      "Time is the best teacher.      |    
|    mcaldon@igc.org     |    Unfortunately, it kills all its   |
|                        |    pupils."   Hector-Louis Berlioz   |
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From: paul@panix.com (Paul Gatker)
Newsgroups: misc.invest
Subject: Re: Anyone familiar with Fidelity Select Telecom fund?
Date: 23 Dec 92 18:48:49 GMT
Organization: PANIX Public Access Unix, NYC

In <105567@bu.edu> rmandel@bu.edu (Richard Mandel) writes:

>There is also a Fidelity Select Developing Communications.  I don;t know
>how the holdings of the two differ exactly but Sel Dev Comm is much more
>volatile, so it probably holds shares in companies that Wall Street 
>considers to be on the cutting edge, while Sel Telecom probably holds 
>more traditional Baby Bells and the like.

>-----------------------------------------------------------------------------
>Richard Mandel			|	E-mail address: rmandel@acs.bu.edu
>Boston Univ. School of Medicine	|	Phone No. 617-638-4512	
>Boston, MA 02118		|	Fax No. 617-638-4085
>----------------------------------------------------------------------------

 True. Here is a breakdown from the prospectus I picked up:

Portfolio Concentrations--

Developing Communications
Telephone Services 27.1 %
Cellular           26.6
Comm Eqpt          16.5
Comm Serv & softw.  4.4
Broadcasting        2.3
Computer & Off.eqpt 1.4
Chemicals & Plastic 0.9


and Telecommunications--
Telephone Services  62.5%
Cellular            16.9
Comm Eqpt            5.2
Comp Serv & Softw.   3.9
Broadcasting         2.1


 If there is a major acceleration of telecommunications technology in the
coming decade (interactive tv, common use of cellular phones, common use
of info networks, etc), it would seem that the above funds would benefit
greatly. Clinton/GORE certainly lends impetus to this development. It seems
that the U.S. is poised to make a radical shift to these technologies in the
next few years.

 Question: Will the major telecom companies benefit the most? Or will anti-
monopoly laws restrict these companies from cashing in? Doesn't AT&T have
major patents on teleconferencing?

 Which above Fidelity fund is best to cover the future developments in these
technologies. Major telecoms may very well be in the best position to benefit
barring unfriendly Supreme Court rulings?!



-- 
*******************************************************************
paul@panix.com                                    COMPULITE GRAPHICS
Brooklyn NY usa                                Design & Consultation
********************************************************************
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 23 Dec 92 00:06 PST
Subject: Re: READ/NEW/FOLLOWUPInvest in software
Nf-ID: #R:1992Dec22.111422.1@dhvx20.csudh.:-1383891101:cdp:1426500312:000:2186
Nf-From: cdp.UUCP!mcaldon    Dec 23 00:06:00 1992


|[remarks about access to Russian programmers deleted]
I would like to solicit your opinion on the following matter.  Short time ago I
encountered an ad of a Russian software company offering different products such
|as computer graphics, PC games, learning packages for children with game
|elements, and so on.  My question is: Can I try to become a distributor of
|their products in US and what kind of agreements are generally required? If I 
|had a distribution or licencing agreement with those guys, how would I go
|about selling this stuff here? Is there a market for, say, PC games or 
|learning packages?  How can I interest big software resellers like CompUSA
|or Egghead to carry them? Unfortunately, I do not have any experience in
|selling software, so any info on this will be highly appreciated.
|Vladimir Noble

I can only give you general marketing advice since I have no specific 
experience in software.  First, line up your Russian suppliers so you
know what you have for sale here in the USA.  I would think samples are
necessary.  Second, consider being an importer only instead of a 
distributor.  That way you would sell to distributors, who could in turn
advise you on what kind of software the market is seeking. Third, don't
be bashful about calling executives of smallish software firms to inquire
if they are interested.  Lots of them are being squeezed by the big boys
[I think] and might consider doing something new, or even trying out your
ability to get software written in Russia.  Most of all, do your best to
suck up information any way you can by calling any company you think can
help.  If you're going to be a successful salesman here, you can start by
diligently using the phone.  IMHO, there's a groundswell of good feelings
for Russia and things Russian in this country; most of us realize the
Russians are brainy people struggling to succeed and they would like to
help.  

Perhaps this rambling on will encourage somebody more knowledgeable to 
pitch in.  Best of luck, and go for it.      DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
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Newsgroups: misc.invest
From: blenko-tom@CS.YALE.EDU (Tom M. Blenko)
Subject: Re: What good is a non-deductible IRA?
Reply-To: blenko-tom@cs.yale.edu
Organization: Yale University, Department of Computer Science, New Haven, CT
Distribution: usa
Date: Mon, 4 Jan 1993 05:12:02 GMT

AARON SCHINDLER writes
| blenko-tom@cs.yale.edu writes...
| >I am a student on a stipend and therefore see a lower tax
| >rate than if I were employed. Assuming that my tax rate
| >will by higher when I retire, it makes sense for me to
| >contribute to an IRA now and to take no deduction -- a good
| >part of the benefit arises from the differential in the
| >tax rate (between now and when I retire). I haven't worked
| >out the figures, but I suspect this becomes advantageous
| >even if I end up paying an early withdrawal penalty
| >(sometime after my tax rate goes up).
| > 
| >I believe the same reasoning works for anyone who expects
| >there tax rate to be higher when they retire.  
|
| I have a gut feeling that you are wrong, Tom.  Compounding is the  
eighth 
| wonder of the world, after all.  Let's work some numbers on this  
one.
| (Another "What if...")
| 

I did some further research and my original assumptions
about tax treatment were incorrect. Under the correct
treatment, using 25 years to withdrawal, current rate of
15%, and future rate of 30%, the break even point for
deductible vs. non-deductible is at an (annual) rate of
return of .040. For 10% vs. 30% the number is .064, and for
20% vs. 30% the number is .010. This takes into account
opportunity cost and assumes an intermediate tax rate
for non-IRA investment of 30%.

Going back to the original subject, this doesn't make
non-deductible IRA's look very attractive (also
doesn't make much room for early-withdrawal games)!  

	Tom
From: monty@blackhole.lerc.nasa.gov (Monty Andro)
Newsgroups: misc.invest
Subject: Reading CNBC ticker information
Date: 22 Dec 92 12:51:02 GMT
Distribution: misc
Organization: NASA Lewis Research Center


Is there a device available that can hook up to your TV, and possibly your
computer, that can read/save the CNBC ticker information?  If so, what is
the approximate cost of such a device?

Monty
From: Eric_S_Klien@cup.portal.com
Newsgroups: misc.invest
Subject: Re: Margin questions
Date: Thu, 31 Dec 92 09:54:39 PST
Organization: The Portal System (TM)
Distribution: world
  <1992Dec30.185018.26595@TorreyPinesCA.ncr.com>

A concentrated account is an account with most of its money in one stock
or in one type of stocks, such as computer stocks.

Eric Klien
Newsgroups: misc.invest
From: jgarland@kean.ucs.mun.ca
Subject: Re: International Funds recommendations sought
Organization: Memorial University. St.John's Nfld, Canada
Date: Thu, 31 Dec 1992 15:31:55 GMT

In article <1992Dec31.024732.5283@cs.sfu.ca>, mcdonald@cs.sfu.ca (Ken Mcdonald) writes:
> 
> Would anyone care to recommend good international mutual funds specializing
> in SE Asia or Latin America?  I'm looking to diversify.
> 
> Thanks in advance,
> Ken McDonald
> mcdonald@cs.sfu.ca


Most international Canadian funds are load, high expense ratios, and in many 
cases high minimum investment threshold (e.g. Hyperion was $10,000 Can. a
while back when last I checked).

I do have a small amount in Altamira's new no-load Asia Pacific fund.  It is 
up 3.6% in the last 3 months, but I'm not sure that's a gain commensurate with
risk yet.  (For example it lost 2% when the new governor opened his mouth
there a few weeks ago in about a couple of days.) 

Time will tell.  (And I'm hoping for a good story!)

John Garland
jgarland@kean.ucs.mun.ca

Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: what is a non-deductible IRA ?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 31 Dec 1992 23:43:59 GMT

In article <1huubjINN4n7@usenet.INS.CWRU.Edu> jxs18@po.CWRU.Edu (Jerry Sy) writes:
>I read a previous thread about a NON-DEDUCTIBLE IRA, what is it ?
>isn't it that IRA contributions are taken from your gross pay, before
>taxes, and all earnings are tax-deferred ?


I think that's a 401k (or 403b or similar) that's taken from your
gross pay.  If your employer does not participate in such plans and
has no pension plan for employees, and same for your spouse, then
you can set up your own deductible IRA if your income is below
certain limits.  You can then deduct those IRA contributions
to reduce your adjusted gross income.

But if any of the above conditions are not met, you can still
establish an IRA and contribute up to 2000 per year but cannot
deduct that contribution from income.  That would be a
non-deductible IRA.   But the earnings in the IRA grow tax
deferred - without being taxed each year.  That's good.  Compounding
magic and all that.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: barmar@think.com (Barry Margolin)
Newsgroups: misc.invest
Subject: Re: Dividends and Capital Gains in an IRA
Date: 1 Jan 1993 09:14:16 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
Distribution: usa
NNTP-Posting-Host: gandalf.think.com

In article <1992Dec31.151530.5193@ee.eng.ohio-state.edu> adkins@singha.eng.ohio-state.edu (Kenneth C. Adkins) writes:
>This recent thread about IRAs has raised a question for me.  If I have
>my IRA money in some stock fund that may pay dividends and/or capital
>gains distributions, I don't pay any taxes NOW on that income, right?

Right.

This is one benefit of IRA's over many "tax-free" investments such as
municipal bonds (and mutual funds containing them).  Dividends from
municipal bonds are tax-free, but capital gains are not.
-- 
Barry Margolin
System Manager, Thinking Machines Corp.

barmar@think.com          {uunet,harvard}!think!barmar
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: 401k Distribution
Organization: Unocal Corporation
Distribution: usa
Date: Tue, 22 Dec 1992 00:19:13 GMT

In article <1992Dec21.231309.2492@qualcomm.com> fwisgo@qualcomm.com writes:
>Hi all,
>	I'm not sure whether this is the right place for this,
>but I'm going to give it a try.  
>	I've got this hypothetical situation.  There is a person I know
>who in changing jobs recently has received what we'll call a significant
>chunk of change from a 401k distribution.  My question is this...
>What liabilities tax or otherwise does my friend incur by investing this
>money in say stocks or something similar during the 60 day grace period
>prior to rolling it into the 401k at his current place of employment.

Income while within the 401K would be tax-deferred while income outside
a 401K would be taxed that year.  If principle was lost in a bad investment,
and you couldn't make up that loss with other resources, you'd have to pay
an early-distribution tax on the amount of the loss.
Newsgroups: misc.invest
From: conway@agora.com (Mark Conway)
Subject: Re: Reading CNBC ticker information
Reply-To: conway@agora.com
Organization: Agora Software
Date: Wed, 23 Dec 1992 02:09:55 GMT

In article <1992Dec22.172755.21814@cbnews.cb.att.com>  
lib@cbnews.cb.att.com (Lib) writes:
> >Is there a device available that can hook up to your TV, and possibly  
your
> >computer, that can read/save the CNBC ticker information?  If so, what  
is
> >the approximate cost of such a device?
> 
> The Teletype auto transcription monitor.
> 

You can get a Signal receiver that hooks up to your cable outlet and gets  
quotes off either CNBC or CNN Headline News.

The receiver is ~$400 and costs $60 per month.

- Mark
Newsgroups: misc.invest
From: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: US Dumping Practices
Keywords: Agriculture, Infrastructure
Organization: The Ohio State University
Distribution: misc
Date: Mon, 21 Dec 1992 20:04:42 GMT

In article <22935@drutx.ATT.COM> pagiven@druwa.ATT.COM (Paul Given) writes:
>We have seen many examples of reprehensible dumping practices that 
>are promoted by foreign governments, that is, their local industries
>are subsidized so as to permit selling of goods here at below production 
>cost.  (I assume that such subsidy by private capital is OK, because no 
>one would be stupid enough or have pockets deep enough to keep that up 
>for very long).

>How about US agricultural subsidies?  Do not price supports of wheat, 
>corn, rice, etc., allow inefficient farm operations here to sell these 
>products overseas at below production cost? How would you like to be a 
>farmer in a third world country trying to make a living growing corn or 
>wheat?

>The Army Corps of Engineers also provides 'free' maintenance of inland 
>navigable waterways.  Is this not reflected in product prices that would 
>otherwise be higher?

>The railroads offer subsidized transportation as well.  This means 
>producers can offer products for sale below what they otherwise could.  
>Not only because the cost of getting goods to market is cheaper, but 
>subsidized transportation makes the cost of raw materials cheaper too.

>In modern governments, it is all but impossible to prohibit governmental
>assistance *OF ANY KIND WHATSOEVER* to local industry.  Consider the list:  
>special tax treatment, price supports, subsidized transportation costs, 
>free education, government paid health insurance, etc., etc., are all 
>reflected in the cost of doing business.  Does it matter that government 
>assistance come in the form of free programs or cash?  Any of this kind 
>of stuff can be considered dumping.  

>Ultimately, I believe, the people of the country that does the dumping
>will suffer a lower standard of living.  This is the price you pay for
>selling below your true cost of production.

Of course, the consumer pays higher costs for what they purchase as well.
In the U.S. we pay higher costs for sugar, milk, grain and other food as
a result of the government supported prices.  We also pay higher costs for
clothing due to the protectionism in that industry.  Auto manufacturers
had higher costs due to higher steel prices as did all other uses of steel.

It costs close to $100,000 per year to protect a job in a protected industry.
This is paid by the taxpayers as well as the consumer.  Congress gets re-elected by continually providing these nice goodies to their constituents.  Just this weekend I received a "free" letter from our retired congress person telling us
how pleased he was to have served over 25 years and the ability to provide his
constituents with all of the "free" goodies, we've gotten over the years.  Part
of the federal deficit is a direct result of all these freebies.

Charlie


Newsgroups: misc.invest
From: yeates@rtsg.mot.com (Tony J Yeates)
Subject: Re: Body Shop (observation)
Organization: Motorola Inc., Cellular Infrastructure Group
Distribution: misc.invest
Date: Mon, 21 Dec 1992 23:38:21 GMT

Body shop products are quite expensive.  I was surprised to see prices in the US
were pretty much the same as in the UK (where things are generally more expensive).
It strikes me that Americans are are more value-concious than consumers in the UK
(a rash generalization perhaps), and perhaps not as "green" (another rash generalization?)
- and might not be willing to fork-out for extra for body shop products.

I've seen two body shop stores within 6 miles of here - both looked very empty of 
customers.  In the UK they're almost always packed with women, particularly teenage
girls exploring the scents, etc. I haven't been near them during the Christmas crazy season
(Body Shop is very popular for Christmas gifts in the UK) - may be things have picked up.
Also, perhaps they are not very well known here yet.  Perhaps with an improving economy
they will do well -- but I would recommend visiting one to see how much stuff they're
selling before buying their stock.  I also notice that several company's are finding
that consumers want healthier/greener products BUT do not want to pay much more for
them (e.g. McDonald low fat Deluxe burger, BK salalds, etc. come to mind).

Just a thought.

-- 
============================================================
I love California, I practically grew up in Phoenix
		-- Vice President Dan Quayle

Newsgroups: misc.invest
From: bohnert@leland.Stanford.EDU (matthew bohnert)
Subject: More questions about 401(k) and rollovers to new companies
Organization: DSG, Stanford University, CA 94305, USA
Date: Fri, 1 Jan 93 19:44:54 GMT

Sorry if this was discussed before, but I came back from vacation with
a masssive backlog of misc.invest articles, so I might have missed it.
I am currently a student at Stanford.  My wife works at a company where they
have a 401(k) plan that she has contributed to for two years.  In all
likelihood, we will be leaving this summer and will have to know what to
do with the 401(k) money, per the new IRS rules.  Answers to the
following questions would be appreciated.  I guess `401(k)' below really
refers to any qualified retirement plan.

1.  Even though we file a joint tax return, is the 401(k) money considered
	`her' money by the IRS?

2.  If we are both employed in the future at companies with NO qualified plan,
	what do we do?

3.  If I am employed somewhere with a plan and she isn't, do
	we have to do anything?  Could we if we wanted to without penalty?

4.  What about the reverse permutation of the above?

5.  I believe if SHE is employed somewhere with a plan, she must roll it into
	that under the new rules.  Is this correct?

Thanks very much.

Matt Bohnert
Newsgroups: misc.invest,misc.consumers.house
From: bglenden@colobus.cv.nrao.edu (Brian Glendenning)
Subject: Mortgage or retirement
Organization: National Radio Astronomy Observatory
Date: Wed, 30 Dec 1992 23:01:02 GMT


My wife and I are planning to buy a house in 1993, and I am not max'ed
out in my 403(b) pension contributions.

Can anyone give me any pointers on what the criteria should be used in
deciding whether I should either:
	1) Go for a 15 year mortgage; or
	2) Go for a 30 year mortgage and put the difference into
	403(b) savings.

Thanks -

Brian
--
       Brian Glendenning - National Radio Astronomy Observatory
bglenden@nrao.edu          Charlottesville Va.           (804) 296-0286
From: chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang)
Newsgroups: misc.invest
Subject: have to use tax 1040 form?
Date: 31 Dec 1992 15:56:41 -0500
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
Distribution: usa
NNTP-Posting-Host: na-gw.cs.yale.edu


The tax instructions say one needs to use form 1040 if one has capital gains.
I guess this includes capital gains from mutual funds. True?
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
Newsgroups: misc.invest