HDTenEightyP/NetNews huggingface dataset:
From: gs38@cunixf.cc.columbia.edu (Gopalakrishnan Subramaniam)
Newsgroups: misc.invest
Subject: Mutual Fund Expenses
Date: 26 Jan 93 19:40:13 GMT
Distribution: usa
Organization: Columbia University


Mutual fund sales loads and expenses

Not every fund charge heavy sales load on investments.

Look at my earlier posting on no load mutual funds with excellent returns.
if you did not see it, let me know and i shall post it again.

Expenses: Usually for a big fund (assets over 1 billion) expenses should be
1% or less. For small funds it can be as much as 2.5%. However, when the
fund reports its yearly returns it includes the expenses but excludes the
sales load. Expenses cover market research, advertisement, admin., etc.

Turnover rate: This is another important factor to be considered in mutual
fund investing. It measures the amount of trading the fund manager does each
year. A turnover rate of 100% is equivalent to selling all the fund's assets
and buying an equal amount of assets in the same or different stocks. More
trading means the fund manager changes his opinions on the stocks too often
OR he is generating commissions for his brokerage. Either way it is bad for
the fund holders. Good funds have turnover rates less than 100%. However,
adverse market conditions can force higher turnover rates.

Sales load, expenses, and turnover rates play a major role in bear markets
and a lesser but still a significant role in bull markets.

Look at the fund's performance in 1987 and 1990 to get an idea of the bear
market performance of the fund. Be sure to deduct any upfront sales load.
Newsgroups: misc.invest
From: goykhman@apollo.hp.com (Red Herring)
Subject: Re: Bankruptcy by 1995..
Date: Tue, 26 Jan 1993 18:20:22 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA

In article <4259@master.CNA.TEK.COM> mikeq@freddy.CNA.TEK.COM writes:
...
>How about just letting the whole system collapse and see what rises out
>of the ashes?  There's a buck to be made in any economic situation, even
>national economic/social disintegration!

    The whole system is not going to collapse any time soon, probably
    not within the next 30-40 years, and certainly not before the 
    Italian one does.
>   
>Besides, American democracy can't possibly survive anyway. Our problems
>are too overwhelming; our people too ill-educated, nonproductive,
>dependent, and apathetic; our government too corrupt and self-serving.

    Ill-educated???  Just yesterday I saw some figures indicating
    that ~22% of the US labor force had college degrees vs. 10-13% 
    that of our major economic competitors' (source: OECD).

    Non-productive?  How about being one of the most productive 
    in the world.

    Much of US-bashing going on is politically motivated:
    Clintonites need to sell their "investment" programs
    to the public so that they have money to reward the Party 
    faithfuls.




-- 
-----------------------------------------------------------------------------------
"Follow the money" Deep Throat
Disclaimer: Other opinions are mine only
-----------------------------------------------------------------------------------
From: gt@fc.sde.hp.com (George Tatge)
Newsgroups: misc.invest
Subject: Re: Covered Calls:  Less Risk - High Returns.
Date: 25 Jan 1993 22:40:16 GMT
Organization: HP SESD, Fort Collins, CO
Distribution: usa
NNTP-Posting-Host: georget.sde.hp.com
X-Newsreader: TIN [version 1.1.4 PL6]

: When a call option is exercised by its holder, someone who has sold a
: call is selected at random to receive the exercise.  The is done by the
: options clearing house, or something like that.  No one is selected by
: the brokerage community.

Not exactly.  The OCC randomly selects a member to assign the exercise
to.  If a member (eg. your broker) receives an exrecise notice they
will use their method which will be:

1. Random selection 
or
2. FIFO.

So, in order to get exercised, first your broker has to get assigned,
then you have to get assigned.  Of course if the option closes out
deep in the money, 99.9% of everybody who didn't close out their
position will get assigned.
: 

gt
Newsgroups: misc.invest
From: byu@sys.toronto.edu (Benjamin Yu)
Subject: Re: YOUR stock picks
Organization: University of Toronto
Date: 27 Jan 93 12:40:50 GMT

Northern Telecom
IBM
Apple
Kmart
From: ishay@53iss5.Waterloo.NCR.COM (Ishay Friedman)
Newsgroups: misc.invest
Subject: altamira
Date: 22 Jan 93 20:30:01 GMT
Organization: Imaging Systems Division, NCR Corp, Waterloo, Ont., CANADA

A Canadian Fund group, Altamira, has been very successful for a few
years ( Cdn. equity fund has averaged 20 or 21 percent over 4 years).
Any opinions on them?

Ishay

P.S I apologize for typos in previous posting.
Newsgroups: misc.invest
From: meyers@lorenz.ocean.fsu.edu (Steve Meyers)
Subject: Student Loan Rates
Organization: Florida State University
Date: Wed, 27 Jan 93 19:58:10 GMT


Sorry if this isn't the ideal group, but there isn't a 
X.loan group.

In the recent issue of Kiplinger's Personal Finance, there is 
a short article that says banks must reimburse interest on 
student loans that is charged above the current rate. For example, 
if you have a 9% loan and the current rate, according to KPF, is 
something like 6.5% then you are entitled to a refund for the 
extra 2.5% interest.

Does anyone know about this? Does it apply to all lenders of student 
loans? How do you recover the money?

Thanks in advance.

Steve
From: bobk@gibdo.engr.washington.edu (Bob)
Newsgroups: misc.invest
Subject: How To Buy Japanese Stocks?
Date: 28 Jan 1993 02:00:46 GMT
Organization: University of Washington
NNTP-Posting-Host: gibdo.engr.washington.edu

  There are a couple of Japanese companies I am interested in
  investing in and I don't think they are available on the U.S.
  exchanges.  

  I am looking for advice on investing in individual company stocks
  -- as opposed to mutual funds -- on the Japanese stock exchange.
  What are the pitfalls (exchange rate risk, transaction costs,
  liquididty, etc)?  Is there a good discount broker in the United
  States that will handle the transactions for me?
  ==

  Bob (bobk@gibdo.engr.washington.edu)        Seattle, Washington

Newsgroups: misc.invest
From: wytten@mega.cs.umn.edu (Dale Wyttenbach)
Subject: Primerica front-load mutual funds
Organization: University of Minnesota
Date: Thu, 28 Jan 1993 02:09:37 GMT

Hello,

I am an investing neophyte in Minnesota.  As a retirement plan,
someone from Primerica Corp. is trying to sell me front-load mutual
funds with an initial front-load of 8.5% (BUT--The sales person points
out, this drops to as low as 1% when the value of the investment has
grown.  My unspoken repsonse: Yeah, right pal, talk to me when I have
the $600,000 required for the 1% front-load)

Is this a complete rip-off or what?  I started getting suspicious when
I found out they were a multilevel sales organization.

Dale Wyttenbach
Newsgroups: misc.invest
From: conway@agora.com (Mark Conway)
Subject: Re: YOUR stock picks
Reply-To: conway@agora.com
Organization: Agora Software
Date: Tue, 26 Jan 1993 18:19:56 GMT

In article <1993Jan25.140330.11217@cbnews.cb.att.com>  
lib@cbnews.cb.att.com (Lib) writes:
> In article <1993Jan22.163942.19832@spectrum.xerox.com>  >
> >Rio Hotel & Casino ( NASDAQ, RIO )
> >The Gap ( NTSE, GAP )
>    
> Body Shop 
> 

Broderbund Software (BROD-Nasdaq)	Recent Price: 47 1/4
---------------------------------	--------------------

Educational software company has great products such as Where in ? Is  
Carmen SanDiego and interactive CD/ROM books such as Grandma and Me.  For  
the first time I heard an analyst mention this stock since it went public  
about a year ago (one of the technology analysts on Wall Street Week last  
Friday).  Their software alone is best-selling, but I think it's a good  
future play on the interactive television market.
Newsgroups: misc.invest
Subject: option software
From: zkardos@vax1.umkc.edu
Date: 21 Jan 93 22:05:53 CST
Organization: University of Missouri - Kansas City
NNTP-Posting-Host: vax1.umkc.edu

Anybody knows where can I get an option software? Not neccesarily the
Black-Schole but any kind. And also how much they cost, aproxx.
Thank You
Newsgroups: misc.invest
From: broger@bnr.ca (Roger Balakrishnan)
Subject: Zeos ...
Reply-To: broger@bnr.ca (Roger Balakrishnan)
Organization: Bell-Northern Research Ltd.
Date: Fri, 22 Jan 93 20:26:06 GMT


Hi,


Does anyone on the net know what is going on with
Zeos stock. The price has been rising steadily 
and the volume is huge. Has there been any news.
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Act Now to Fight the Deficit
Date: 27 Jan 93 16:31:31 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <1993Jan26.213107.20770@kodak.kodak.com> guiguizi@kodak.kodak.com (Paul Guiguizian x79315/AT/2-49-KP) writes:
>
>I beg to differ with you.
>
>The real problems are located in Washington DC - those people with their
>hands on the purse strings who can't balance their checkbooks (much less
>our government's budget)!

They are a problem, but only because we let them be one.  The US public
has long wanted its legislators to grab as much from the public trough
as they could for their state.  And even if some districts aren't like
this, there is no political cost and much gain for them to bribe
constituencies with pork barrel projects.  If the US taxpayers
strongly demanded that tough choices be made to reduce the deficit
then most in Congress (all but some of the very big spenders at heart)
would follow this direction.

>If the Congress could learn to say NO and we went to zero-based budgeting
>and the President had a line-item veto, and we eliminated double taxation
>of dividends and we eliminated taxation of inflation-generated capital
>gains, THEN THIS COUNTRY WOULD GROW LIKE GANGBUSTERS.

Agreed.  So write your CongressCritters and demand this.

>The deficit is not a problem unless the rest of the world calls in our
>loans.

It already chokes off capital and hurts us in a number of other
ways.  And sooner or later the rest of the world will start to
realize that this ponzai game can't go on forever, and the party
could be over really fast.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
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.
Newsgroups: misc.invest
From: brownr@hydra.rtp.dg.com (Randy Brown)
Subject: Re: 401K
Date: Fri, 22 Jan 93 18:40:06 GMT
Distribution: usa
Organization: DG-RTP Graphics Group

In article <>, beberness@newton.jsc.nasa.gov (Benjamin Beberness) writes:
|> 
|> I was recently married at the end of '92 and found out that my wife and I are
|> going to have to pay a large amount in TAXES.  My company allows us to 
|> determine our 401K contribution once a year.  I would like to contribute more
|> to my 401K then I originally decided upon.  Is this legal?  I have been told 
|> by different sources that you can change your contribution any time and that 
|> you can only modify this once a year.

It depends on the company.  My company allows you to change the percentage
of your contribution once a quarter, and to shift current 401(k) funds from
one fund to another once every 6 months.  Ask your benefits department for
specific information, they will know exactly how your plan is implemented.

My opinion is that with our company limiting movement of funds to once
every 6 months, I'm leaving mine in our two stock funds indefinitely.

Randy
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Newsgroups: misc.invest
Subject: Re: Your Picks
Date: 27 Jan 93 19:27:59 GMT
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL

mbk@lyapunov.ucsd.edu (Matt Kennel) writes:

>gt@fc.sde.hp.com (George Tatge) writes:
>: long- Sun Micro

>Given your email address this is slightly humorous.

>I use a nearly all Sun network, and I'd be more inclined to
>long HP.  

Yes, I always wonder why people at Adobe, Intel, and Oracle
are asking about these strange, obscure stocks (prior to
their own stock taking a huge jump). Why didn't
they just buy their own company stock and make a fortune?

When people from IBM start asking about Foo Peripherals,
that is the time to buy IBM :)

-Larry Watanabe watanabe@cs.uiuc.edu
Newsgroups: misc.invest
Subject: Re: MLIS (was Micropolis (MILS)
From: gary@cdthq.UUCP (Gary Heston)
Date: Sun, 24 Jan 93 10:23:14 CST
Organization: Garys' Home for Obsolete Computers

hal@pollux (Hal N. Brooks) writes:

> In article <22JAN199310170290@vx.cis.umn.edu> fqm6448                        
> >This stock seems to be trading at a low P/E Ratio. It has earnings
> >over a dollar a share and is expected to do so again next year.
> >It's only trading at 9$. Anyone know what up with Micropolis?
> >Looks like a buy so far...
>  [ ... ]
> Also, I have a vague recollection of a hard drive manufacturer
> in 1988 or so being accused of cooking the books.  As I recall,
> they were accused of shipping bricks (I swear, that's the way
> I remember it) to make it look like they were shipping more
> than they actually were.  Was that Micropolis?  I'm pretty sure
> it started with an M, and I remember confusing two such companies
> at the time.

That was MicroSci, not Micropolis. Different companies. MicroSci
was doing more than cooking the books; they were intentionally
shipping nonfunctional drives to meet orders and claim sales.

I'm not sure if MicroSci still exists; I haven't seen anything
about them recently.

Gary Heston, at home...
gary@cdthq.uucp
Newsgroups: misc.invest
From: GCTHORNE@idbsu.idbsu.edu ("Broward "InfraCritic" Horne")
Subject:      Re: The End of the Bull Market
Date: Fri, 22 Jan 93 12:08:11 MST
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Newsgroups: misc.invest
From: nfs@volkl (Norbert Schlenker)
Subject: The End of the Bull Market
Originator: news@nimaster
Organization: Department of Computer Science, Princeton University
Date: Fri, 22 Jan 1993 15:37:05 GMT


>I give up.  All you bulls were right.  Bill and Hillary will save the
>country.  After pooh-poohing Chris Long last week regarding his IBM
>purchase, I have changed my mind.  I bought IBM yesterday, and am also
>looking for a bounce to 55.  After pointing out the ridiculous
>valuation levels on the Dow and S&P, I bought an index fund yesterday.
>After repeatedly decrying the frothy speculation on the Nasdaq, only
>to see it march up 30% in 3 months, I bought Ultra yesterday.

         Hold on just ONE minute.  You're gonna have to demonstrate
    some remorse here.  You don't get off with just some IBM stock.

        Your portfolio has to "look like America".  We want to see at
   least an equal number of DEC and Wang shares.  And there better not
   be any illegal Microsofts in your closet.

        Plus some bell ringing.  BING BING BING BING

        Okay, okay, you can use the NYSE bell.

        No backpeddling allowed.
From: jimo@cisco.com (Jim Oneil)
Newsgroups: misc.invest
Subject: Re: Recessions, real estate, and such
Date: 27 Jan 1993 06:31:07 GMT
Organization: cisco Systems, Incorporated
Distribution: world
NNTP-Posting-Host: stout.cisco.com

Although state numbers are interesting I think that metropolitan 
impacts may be far more indicative of a real estate slump.  If a 
city has a bunch of defense contractors then it will be hard hit
even though the state figures "spread the pain".  

-Jimo

In article <HRRyXB1w161w@cdthq.UUCP>, gary@cdthq.UUCP (Gary Heston) writes:
|> 
|> The latest issue of Fortune Magazine has an interesting graphic in
|> it, on page 86. It has to do with cutbacks in government programs,
|> and how many jobs are expected to be lost in the top 10 states with
|> Pentagon programs. Might be a good indicator of where real estate 
|> and unemployment will be disasters in 4-6 years. Briefly:
|> 
|> State:                  Jobs lost so far:       Expected by '97:
|> 
|> New Jersey              13,000                  44,000
|> Pennsylvania            15,000                  55,000
|> Florida                 18,000                  56,000
|> Ohio                    19,000                  62,000
|> Connecticut             20,000                  54,000
|> Virginia                23,000                  76,000
|> Massachusetts           26,000                  70,000
|> New York                30,000                  90,000
|> Texas                   32,000                  98,000
|> California              75,000                 245,000
|> 
|> Looks like RE in Ca, Tx, and NY will be *real* cheap in 3-5 years.
|> However, of all ten, there's maybe two states I'd consider living
|> in (or even owning rental property); Ohio and Virginia. NY, NJ, and
|> Pa form one armpit of the US, along with Taxachusetts; Florida is
|> full of retirees that vote in high taxes to support their retirement;
|> Ca has some of the retiree problem along with having what appears 
|> to be most of the former Soviet Unions' policymakers, and Texas is
|> nearly as bad. 
|> 
|> I'm glad this area has been diversifying away from the space program
|> somewhat....
|> 
|> Gary Heston, at home....                ...in Huntsville, Alabama,
|> gary@cdthq.uucp                         the "Space Capital"....
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: fractional shares
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Wed, 27 Jan 1993 22:44:23 GMT
Keywords: DRIP, 

In article <1993Jan27.204206.16294@eos.arc.nasa.gov> brody@eos.arc.nasa.gov (Adam R. Brody ) writes:
>I have always believed in reinvesting dividends.  However, if one buys
>an even lot of 100 shares of a stock and then reivests dividends
>producing something like 116.035, do those extra 16.035 shares make it
>a pain or expensive to sell?  Would it be better to just take the
>dividends as cash?


If you get out of the DRIP the company will automatically cash in
the .035 sh for you, so no pain. (f you are selling all shares at
that time, the numbers are easy to work with.  If not, you might
get a 1099B for the fractional sh and have to calculate the
gain/loss.  Most plans also allow you to ask the company to sell
some small number of shares for you, so the 16 sh could be sold at
very low commission.

-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: dierks@austin.ibm.com (Herman Dierks)
Subject: 401K's
Originator: dierks@dierks.austin.ibm.com
Date: Wed, 27 Jan 1993 00:23:39 GMT
Organization: IBM Austin


> Contrast this with a life insurance policy that allows you to draw
> dividends after so many years. You pay tax on the money you put into
> the policy, but the dividends are normally tax free. This seems like a
> much better investment as far as avoiding taxes goes.

  Did you know that with Whole Life insurance, your cash value can 
 build up to a big number BUT if you die they only pay the face
 value of the policy?  The longer you hold the policy, the 
 lower the risk is for the insurance Co.

 On the 401K, you will usually be at a lower tax bracket when you
 retire and start paying tax on the withdrawals. 
 Also, most employers will match part of your funds, typically
 2 to 5%.  What a deal!!  Then you can usually borrow from the
 fund (may vary by co.) at a low interest rate if needed.
 
 If you need insurance for death protection for your family, then
 buy insurance.  If you need an investment, go for the 401K first
 and max it out.
From: mwp@ms9.mis.semi.harris.com (Mark W. Poole)
Newsgroups: misc.invest
Subject: Re: Recessions, real estate, and such
Date: 26 Jan 93 17:56:12 GMT
Article-I.D.: mlb.1993Jan26.175612.12343
Reply-To: mwp@ms9.mis.semi.harris.com
Organization: Harris Semiconductor
X-Newsreader: TIN [version 1.1 PL6]

Gary Heston (gary@cdthq.UUCP) wrote:


: The latest issue of Fortune Magazine has an interesting graphic in
: it, on page 86. It has to do with cutbacks in government programs,
: and how many jobs are expected to be lost in the top 10 states with
: Pentagon programs. Might be a good indicator of where real estate 
: and unemployment will be disasters in 4-6 years. Briefly:
: 
: State:                  Jobs lost so far:       Expected by '97:
: 
: New Jersey              13,000                  44,000
: Pennsylvania            15,000                  55,000
: Florida                 18,000                  56,000
: Ohio                    19,000                  62,000
: Connecticut             20,000                  54,000
: Virginia                23,000                  76,000
: Massachusetts           26,000                  70,000
: New York                30,000                  90,000
: Texas                   32,000                  98,000
: California              75,000                 245,000
: 
: Looks like RE in Ca, Tx, and NY will be *real* cheap in 3-5 years.
: However, of all ten, there's maybe two states I'd consider living
: in (or even owning rental property); Ohio and Virginia. NY, NJ, and
: Pa form one armpit of the US, along with Taxachusetts; Florida is
: full of retirees that vote in high taxes to support their retirement;
                   ---------------------------------------------------

..What taxes are you referring to?  Florida has NO state income tax,
and its in the state constitution that there will never be.  Property
taxes are also quite low IMHO.  The retiree population is centralized
to specific areas of Florida (far south, Tampa area, and north of
Orlando).

...living and loving it in Florida....think I'll go windsurfing after
work.


Mark.
From: sullivan@cs.washington.edu (Kevin Sullivan)
Newsgroups: misc.invest
Subject: Lutheran Brotherhood Mutual Funds: Evaluation?
Date: 27 Jan 93 19:05:50 GMT
Organization: Computer Science & Engineering, U. of Washington, Seattle

Folks,

A friend of mine with no interest in managing her money has about 10K,
invested, on her behalf by her parents, in the Lutheran Brotherhood (LB)
fund.  Without expending a lot of effort, I'm trying to evaluate this
position.  I have ordered their prospectus and annual reports.  (We don't
even know, at this point, what her returns have been over the years.)

Any information on this fund or reactions to having 1/2 of one's liquid
capital invested there would be appreciated.  Response by e-mail is best.

Thanks,
Kevin


-- 
Kevin Sullivan
Department of Computer Science and Engineering, FR-35
University of Washington
Seattle, WA 98195 
Newsgroups: misc.invest
From: kristoff@net.bio.net (David Kristofferson)
Newsgroups: misc.invest
Subject: Re: YOUR stock picks
Date: 28 Jan 93 00:30:28 GMT
Organization: BIOSCI International Newsgroups for Biology

doug_d@sdd.hp.com (Doug Deprenger) writes:

>  I noticed today in Investors Daily, that a suburb of Orlando, FL is
>  getting the priviledge of interactive TV very soon.

>  doug

It's already available in the San Francisco Bay Area.  Look at
Interactive Network (INNN on NASDAQ).

Newsgroups: misc.invest