HDTenEightyP/NetNews huggingface dataset:
From: jis@cbnewsj.cb.att.com (jishnu.mukerji)
Subject: Re: Fidelity Fund Options
Organization: AT&T
Distribution: na
Date: Wed, 9 Sep 1992 20:54:01 GMT

In article <Dmerrill-090992130325@47.140.3.216> Dmerrill@bnr.ca (Dana Merrill) writes:
>
>My first question is whether or not you have to pay Fidelity's loads under
>a plan such as this.

I don't know about James's 401K plan, but our 401K plan is managed by
Fidelity. The Fidelity Magellan Fund and the Fidelity Growth and
Income Fund among others are available with no load in the 401K plan.

Jishnu Mukerji
jis@usl.com
Newsgroups: misc.invest,misc.legal
From: joec@fid.morgan.com (Joe Collins)
Subject: Incorporating in 8 minutes?
Organization: Morgan Stanley & Co., New York, NY
Date: Wed, 9 Sep 1992 14:36:13 GMT

I saw an ad in the Wall Street Journal from a firm that
says they can incorporate you in 8 minutes or so.

They claim they can do it for about $45 in fees (perhaps more) plus
filing fees of about $75. They have been in business since 1972 and
claim to have created over 89,000 corporations. You call them with
your proposed corporate name and credit card and they do the rest.

The name of the firm is THE COMPANY CORPORATION and are based in
Delaware.

Has anyone ever dealt with them?

Thanks in advance,

Joe
joec@morgan.com
Newsgroups: misc.invest
From: JEN@ssvax1.ssd.loral.com (Jen Corliss)
Subject: Re: Good buys around ?
Organization: Space Systems/Loral
Distribution: WORLD
Date: Sat, 12 Sep 1992 04:42:20 GMT
X-News-Reader: VMS NEWS 1.20

In <tvvn5lb.sunil@netcom.com> sunil@netcom.com writes:

> 
> Any comments from all the people on the net ? Will somebody start a debate
> on good buys around and make reading this reading this net worthwhile (
> that will get some replies! ) Now that I have my 2 cents worth, send yours
> in while somebody is reading ... 
> 

Well, I can't resist this request.  My opinion is generally not to go "bottom
fishing" to find a stock with a lot of growth potential.  After all, if a 
stock goes from 100 down to 50, it hits a new bottom every step of the way.
It may look like a good deal at 75, until it hits 65 ....

On the other hand, when a stock goes from 50 to 100, it hits a new high every
step of the way!  You may think it has peaked at 75, but it can't get to 100
without passing 85 ....

Two stocks that are doing quite well for me right now and show no signs of 
abating are Parametric Technology (NASDAQ symbol PMTC) and Media Logic (on
the AMEX Emerging Companies Market with the symbol TST/EC (shown in Investor's
Business Daily, but not my local paper)). PMTC has gone from 33 to 47 in the
past 2-3 months, and TST/EC has gone from 7 to 17 in the past 3-4 months.

By the way, the guy who clued me in to PMTC (a CAD software company) has worked
in the CAD industry for 20 years and says he has never seen such a blockbuster
product as their software.  He fully expects it to gain 30% of the market,
though it has less than 5% now (so he says).  That's a lot of growth!  If
you follow the industry, you may notice that every few weeks another company
announces a major purchase of PMTC software.

That's my $.02 ... next?
From: sasha@ra.cs.umb.edu (Alexander Chislenko)
Newsgroups: misc.invest
Subject: Re: what are stock options?
Date: 7 Sep 92 07:47:09 GMT
Distribution: usa
Organization: University of Massachusetts at Boston, Dept of Math and CS


   I have some more questions on options:

   - What are arbitrage transactions?
   - What other group transactions are there and when do they make sense?
   - Suppose the broker tells me that a current option price is X;
     how do I know how many options I can buy or sell at that price?
     Or X is just a price for previous transactions, and I'll have to
     wait for hours until the market price settles?

  Is there any book you can recommend on option trading?

  What is the cheapest brokerage company I can buy options from?


Could somebody answer at least some of these questions?
From: mincy@think.com (Jeffrey Mincy)
Newsgroups: misc.invest
Subject: Re: German Fund
Date: 8 Sep 1992 17:11:45 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
NNTP-Posting-Host: mjolnir.think.com

In article <aboba-060992140217@192.187.134.3> aboba@world.std.com (Bernard Aboba) writes:
>I have investigated foreign bond funds, and think they are generally
>a bad idea. Here is why:

I dont agree.  They should be part of a reasonably diversifed portfolio.
I wouldnt invest all of my money in a foreign bond fund.  

>1. Studies show that most of the fluctuation in foreign bonds is due
>to currency movements, NOT interest rate movements.

Most currency movements are related to interest rate movements of the 
respective currencies.  The german fed equivalent is under pressure to
lower their rate because the high interest rates have caused the mark 
to go up against other currencies.

>2. Therefore, it is possible to hedge the currencies via forwards, and
>therefore elminate currency risk.  You still are sensitive to
>interest rate changes, however. Hedging is now considered a "base case" by
>many investment managers. That is, they hedge by default.

Currency forwards are short term.  Bonds can go out 30 years.  You can 
not totally eliminate currency risk.  You can not buy a 30 year forward
contract.  Furthermore that currency hedging comes at a cost.  It is not free.  

>3. There is no foreign bond fund that I know of that hedges. Therefore
>they are utilizing a strategy that has been proven to give suboptimal
>results. 

Lots do.  Call up various investment companies and ask.

>Bernard Aboba
>Author of "Bulletin Boards and Beyond"

-- 

-- jeff
mincy@think.com
From: atharp@sail.LABS.TEK.COM (Athar Pasha)
Newsgroups: misc.invest
Subject: IRR for an uneven cash flows
Date: 14 Sep 92 00:56:50 GMT
Organization: Tektronix Inc., Beaverton, Or.

Given my lack of financial expertise, I have given up on finding IRR for
an uneven cash flow. FOr example assuem I am investing in mutual funds.
I invest $3000 on the first of month. On the 23rd I invest another 150. 
On the 26th I sell all my shares. What is the IRR? Note that this is not
the textbook type IRR in which cashflows implicitly occur once a period either
at the end or the beginning.

I got interested in finding how Quicken determines IRR. Their manual
and their tech-support people are not vey much help. ALso there is a
fucntion XIRR in excel 4 that does the same thing. 

Any info or help on this subject will be appreciated. I need to know how
to approach this.


Thanx


-- 
Athar Pasha
Newsgroups: misc.invest
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: What happened to Waterhouse (WHO)?
Date: 5 Sep 92 20:51:22 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

mcaldon@igc.apc.org (McAldon International Inc.) writes:
|
|bought some more WHO (unwisely:-() when it was 16, when I found out
|they were contemplating offering an account like Dean Witter's AAA 
|and Merrill Lynch's CMA.

Hmmm, is check writing on a brokerage account so popular that
adding it would greatly increase customer response?

--------------------------------------------------------------------
Timothy J. Lee                 timlee@btr.com  ...!decwrl!btr!timlee
This message comes with no warranty, not even an implied warranty of
fitness for any particular purpose.
Newsgroups: misc.invest
From: gary@intrepid.com (Gary Funck)
Subject: Re: Trading program.
Organization: Intrepid Technology, Inc.
Distribution: na
Date: Fri, 11 Sep 1992 06:55:58 GMT

In article <1992Sep5.003308.7146@cs.umb.edu> sasha@ra.cs.umb.edu (Alexander Chislenko) writes:
>
>   It looks like I finally found a trading algorithm that can bring me $
>without any investment or risk.  At least I think so.
>Now I need to find a broker who takes no more than 2% commission on options,
>and get access to a trading program which I could enhance with my applica-
>tion (or at least a good real-time quote line).
>Do those things exist?

As a followup to my previous followup, here's some phone numbers and
other info.  One valuable source of info. relating to stocks/options
is the Investors Daily Graphs Options Guide.  Some active traders
swear by it and say it's all they need:

    Daily Graphs Options Graphs
    P. O. B. 66919
    LA CA 90066-0919
    tele: 310-448-6843
    52 weekly issues: $261
    26 bi-weeekly:    $174
    7 week trial offer $26 (money back guarantee)

Most folks seem to like the bi-weeklies.

And here some phone numbers for various real-time quote services:

FNN Market Signal      800-777-3334
Bonneville Mkt. Info.  800-255-7374
S & P Comstock	       800-431-5019
All Quotes             800-729-5412
DTN                    800-323-1617


-- 
| Gary Funck  		    gary@intrepid.com  [uunet!uupsi!intrepid!gary]
| Intrepid Technology Inc., Mountain View CA (415) 964-8135
--
From: johna@psdcae1.gvg.tek.com (John Abt)
Newsgroups: misc.invest
Subject: AMD rally
Date: 11 Sep 92 00:25:49 GMT
Organization: Grass Valley Group, Grass Valley, CA

AMD is on the move again, up 1/2 yesterday and
up 3/4 today (Thurs) to 12.5. Vol today was 1.78 mil.

I don't have a clue this time... but I don't get
Dow Jones either.

John Abt
Newsgroups: misc.invest
From: jhc@m2lll.uucp (James H. Coombs)
Subject: Re: DM or LTSG Money Fund?
Keywords: DM, LSTG, Interest Differential
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Date: Wed, 9 Sep 1992 05:46:51 GMT

In article <1992Sep8.204422.14338@cbnewse.cb.att.com> r.cornejo@att.com writes:

>Does anyone know of means/funds by which to invest in DM or LSTG where
>one assumes nearly full currency risk with access to prevailing market
>rates of return?

Fidelity has several currency funds.

>The hope is to circumvent managers' hedging strategies that effectively
>reduce interest rate differentials to zero, e.g. Dreyfus, Scudder or
>Vanguard funds.

Fidelity's international funds are unhedged, and that is apparently
where they have made their return.  Note that Money Magazine rates
Fidelity's international investments only C.  I agree.  I generally use
Fidelity, but I am using Templeton for foreign investments.

--Jim
From: ylee@taurus.cs.nps.navy.mil (Yuh-jeng Lee)
Newsgroups: misc.invest
Subject: Re: Benham Funds
Date: 6 Sep 92 23:47:02 GMT
Organization: Computer Science Dept, Naval Postgraduate School
In-reply-to: mcaldon@igc.apc.org's message of 3 Sep 92 02:50:00 GMT

Also, they let you place "open orders" so you can buy-low and
sell-high.  This is a very nice feature that I have not found 
in other fund families.

YJ
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell)
Newsgroups: misc.invest
Subject: Re: Any problems with U.S. Savings Bonds?
Date: 9 Sep 92 02:00:41 GMT
Distribution: usa
Organization: Jet Propulsion Laboratory

aaker@apple.com (Mark Aaker) writes:

>Does anyone know any reasons to avoid U.S. Savings Bonds
>over the next five year period?

Savings Bonds are usually regarded as being very safe
(at least as long as the government holds together) but
unexciting in terms of return.  Personally I tend to put
most of my mad money into stock-based mutual funds, which
carry higher risk but also far outperform instruments
like savings bonds.  Perhaps someone else can comment as
to whether there are other government bonds or other
instruments with the same risk level of savings bonds
(i.e. very low) but with better returns ...

Frank
frank@jplpost.jpl.nasa.gov
Newsgroups: misc.invest
From: jhc@m2lll.uucp (James H. Coombs)
Subject: Re: What's happening to Scudder Shortt Term Global Income Fund
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Date: Tue, 15 Sep 1992 02:26:07 GMT

In article <YENTING.92Sep14174023@dewey.cc.utexas.edu> yenting@ccwf.cc.utexas.edu (Yen-Ting Shu) writes:

>The price for the Scudder Short Term Global Income Fund was in
>the range of 12.10 in early August, but has been dropping since then.
>Today's price is 11.84. Anyone knows what is causing the price drop?
>The 9% yield is surely very attractive. Is there greater risk for
>this fund because of the high yield?

Most (all) global income funds got hit last week by the devaluation of
the Finnish coin.  There may be greater risks....greater than what?
Does Scudder hedge?  Fidelity hedges, but only for changes against the
dollar.  This was a cross currency devaluation: Finnish vs. European
currencies (and probably the dollar as well, but that has not been
emphasized).

Read Barron's.  Your risks will come down if you keep yourself informed.


--Jim
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: What is Venture Capital??
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 10 Sep 1992 00:49:36 GMT

In article <18k3hcINNl75@early-bird.think.com> barmar@think.com (Barry Margolin) writes:
>In article <1992Sep8.190258.18172@cbnews.cb.att.com> ask@cblph.att.com writes:
>>A venture capitalist has money to loan, often in return for 
>>certain payback arrangements as well as stock in the company and
>>perhaps a hand in the management of the company.   For example,
>>if you need $350,000, the V.C. may lend you this amount, and you
>>give him an agreement to pay this back on a schedule over a 5 year
>>period, you give him 33% of the shares of stock in your company and
>>a seat on the board of directors.
>
>Are you sure that the VC money is a "loan"?  I thought that they actually
>purchased preferred stock in the company.  They get their 33% of the
>company by virtue of the amount of stock that's declared.  And their
>eventual payback comes from the ability to sell their stock if the company
>goes public.

Well, it's a business arrangement.  The Venture Capital folks try to
get their best possible advantage, and the company's founders try
to get as much as possible without giving away much.

All sorts of business arrangements can be worked out, involving
varying mixtures of stock and bond and more complex instruments.

I personally know of an arrangement similar to the one I described,
so it happens this way, at least sometimes.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: 4.16% 6 month CD, $25 minimum
Date: 14 Sep 92 01:19:35 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

merrillg@polari.online.com writes:
|My technique is to buy a $200 face value EE bond (at a price of $100)
|at my bank on the first of every month.  

Question:  isn't buying at the end of the month better, since the
bond ends up being valued by its month of purchase, without regard
for the day of the month?

--------------------------------------------------------------------
Timothy J. Lee                 timlee@btr.com  ...!decwrl!btr!timlee
This message comes with no warranty, not even an implied warranty of
fitness for any particular purpose.
From: tgorb@rrc.chevron.com (Joe Gorberg)
Newsgroups: misc.invest
Subject: Re: Trading program.-Options on Compuserve
Date: 14 Sep 92 16:18:40 GMT
Reply-To: tgorb@rrc.chevron.com
Organization: Chevron, Richmond, California

To get Option pricing on compuserve, use:

GO OPRICES

and then enter in the symbol or company name.

Joe.
From: ilango@cbnewsd.cb.att.com (thirumalaiswamy.ilango)
Newsgroups: misc.invest
Subject: First share for DRIP's
Keywords: DRIP
Date: 8 Sep 92 21:50:19 GMT
Distribution: na
Organization: AT&T


Hello,

Anybody have any experience with a firm called "First share".  I got the
info from them by calling 1-800-683-0743. Basically they refer other members
willing to sell you one stock to get you started on DRIP's. They charge
$12 for annual membership and $2.50 for each request for a company. They
also request you to sell a share to other members after you have bought
multiple shares.

Have any of you belonged to "First share"? Is there a better way of getting
started on DRIP's. Please send me email. Thanks.

Ilango
ilango@cbnewsd.att.com
att!cbnewsd.att.com!ilango
Newsgroups: misc.invest
From: chang-mark-yan-ming@CS.YALE.EDU (Mark Yan-Ming Chang)
Subject: Re: 401k Rollover Legality Question
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
Date: Mon, 7 Sep 1992 17:04:22 GMT

In article <VwmPqB3w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>chang-mark-yan-ming@CS.YALE.EDU (Mark Yan-Ming Chang) writes:
>
>> In article <qwTLqB2w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>> >jhc@m2lll.uucp (James H. Coombs) writes:
>> > ...
>> >deferred and nondeferred IRAs, forces you to take withdrawls proportionatly,
>>  ^^^^^^^^     ^^^^^^^^^^^
> ...
>No, I mean deferred and nondeferred. You don't get a deduction for the
>contributions, you get to defer taxes on them. There is a difference, 
>since a deduction is a premanent reduction; i.e., you have no future 
>liability for a deduction.

Then what is a nondeferred IRA? I think we are talking about tax on the 
investment income. If you pay tax now (non-deferred), how does it differ from 
normal non-IRA money?
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
Newsgroups: misc.invest
From: rot@mickie.id.macsch.com (Rohit Thukral)
Subject: Re: Fidelity Fund Options
Reply-To: rot@mickie.id.macsch.com
Organization: MSC, Los Angeles
Date: Thu, 10 Sep 92 19:10:21 GMT

In article <18m2huINN4jh@early-bird.think.com>, barmar@think.com (Barry Margolin) writes:
|> 
|> For large companies, it may make more sense to manage their own pension
|> plan rather than go through a company like Fidelity.  This is because they
|> can tailor the plan to the needs of their employees better, and the
|> overhead is not so significant.  It also allows them to offer choices such
|> as company stock, or they can incorporate the retirement plan contributions
|> into general flexible benefit programs.
|> 
|> For smaller companies, where the management overhead of a pension plan can
|> be significant, it makes sense to contract it out to companies like
|> Fidelity.  I believe they (and their competitors) handle many 401(k) plans
|> this way.

I'm think its the other way around. 
401(K) plans administered by Fidelity or another mutual funds
group are likely to be more expensive than your simple 401(k)
plan administered by bank or an insurance company. That's why
larger companies can spread the higher costs over the large 
number of employees. 

The Wall Street Journal is doing a series of articles on 401(k) 
plans this week. I'd recommend that you look them up. There are
two parts to the fees that a company pays to plan administrators:
a fixed fee and a variable fee. The WSJ says that mutual fund
groups are charging "retail" fees to companies when in reality
companies are buying "wholesale". Simple plans administered by
banks and insurance companies tend to be less expensive because
they offer fewer investment choices, allow less frequent transfers
between accounts, and provide no personalized services like
800 numbers for account balances and transfers.

Although you may not be paying a front-end load to buy into Fidelity
funds, your company may be paying high adminstrative fees. I'm not
certain whether these fees are paid by the company or by their
employees.

FYI, I work for a small company of 300+ employees. Our 401(k)
plan is administered by a small bank. We have only three investment
choices: a GIC, company stock, and a Growth and Income stock fund
managed by the bank. We can divide our contributions in 25% chunks
between the three choices. We can make changes to contributions
once in six months. I think plan is too restrictive, and I can only
hope that administrative costs are low. We get no information on
what the bank charges in fees.

Rohit Thukral
rot@macsch.com

|> -- 
|> Barry Margolin
|> System Manager, Thinking Machines Corp.
|> 
|> barmar@think.com          {uunet,harvard}!think!barmar

-- 
#include <StdDisclaimer.h>
Newsgroups: misc.invest
From: victor@st-andy.uucp (Victor Morvillo)
Subject: Re: Expansion of Stock Exchange abbreviations
Keywords: Stocks
Reply-To: victor@winged_foot.UUCP (Victor Morvillo)
Organization: RMJ Securities Corp.
Date: Fri, 4 Sep 1992 15:20:17 GMT

In article <1992Sep4.045610.631@ccsd.uts.EDU.AU> gtcrosby@uts.EDU.AU (G Crosby) writes:
>
>Could someone please provide me with company names that match up
>with these abbreviations
>
>
>Abbrn.           Company
>
>AMAT             Applied Materials
>MRK              Merck
>GM               bet its General Motors
>MSFT             Microsoft
>TOY              Toys R Us
>RN               RJR Nabisco
>F                Ford
>HAL              Halliburton
>GE               take a guess on this one
>SYN              Syntex
>HD               my favorite growth stock - Home Depot - too bad I don't own any
>MO               Big Mo (aka Philip Morris)
>DIS              Disney
>HWP              Hewlett Packard ??
>
>Thanks


-- 
#~~~~~~~~~~~~~~~~~~~~~#
# Victor Morvillo     #
# uunet!st-andy!victor#      
#~~~~~~~~~~~~~~~~~~~~~#
Newsgroups: misc.invest
From: pao@wam.umd.edu (Nikos Strifas)
Subject: SYMC comments?
Keywords: SYMC
Organization: Workstations at Maryland, University of Maryland, College Park
Distribution: usa
Date: Mon, 14 Sep 1992 20:45:55 GMT


HI:

SYMANTEC CORP. (SYMC) got plunged ($-4.5) today on almost 7M shares.
I just got got a few shares hoping for a rebound. Any comments on the 
company or its products that I should know....

-Takis Vouganis

PS: 52 week hi = $51.00
    52 week lo = $14.75 ( Today 9/14/92 hit a $10.75 new 52 lo)
    PE = 18 when the stock price was @ $15.5
    Outstanding number of shares 18.8 million

Newsgroups: misc.invest
From: ed@odi.com (Ed Schwalenberg)
Subject: Re: Any problems with U.S. Savings Bonds?
Organization: Object Design, Inc.
Distribution: usa
Date: Fri, 11 Sep 92 18:02:10 GMT

In article <1992Sep10.002402.4065@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
  Since EE Bonds pay 85% or 5-year treasuries you could get 5-year
  treasuries which pay 100% of 5-yr treasuries.

You can't buy 5-year treasuries in small quantities (much less through
a payroll-deduction plan), you can't cash them in almost anytime at
almost any bank, you can't keep them more than 5 years, and (as you
later point out) the interest is not deferable for tax purposes.
They really are pretty different beasts.
From: tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill)
Newsgroups: misc.invest
Subject: Re: Question about more generous IRAs.
Date: 10 Sep 1992 19:26:09 GMT
Organization: Sun Microsystems Inc., Mountain View, CA
NNTP-Posting-Host: cairo

ganesh@madras.sybase.com (Ganesh Sundaresan) writes:
> 
> I wonder if the Feds have a confirmed history of "bait-and-switch" 
> when it comes to tax shelters.

They do.  As Will Rogers said, "no man's life or property is safe
while the legislature is in session."  Today, things are more like
they used to be than they ever were before, except the legislature
stays in session longer.

You forgot to mention that when 401Ks were first established, there
was no 10% penalty for early withdrawal.

This leads to Hough's law, with corollaries:

  o  Never take a loss in the current year for a future tax benefit.
     Future tax benefits usually disappear.

  o  Tax law is not a contract, it is the whim of Congress.  Do not
     risk money long-term (e.g. in an IRA) without current benefit
     (deductibility this year).
From: rbp@investor.pgh.pa.us (Bob Peirce #305)
Newsgroups: misc.invest
Subject: Re: Any good intro to Economics Book?
Date: 29 Aug 92 19:24:39 GMT
Reply-To: rbp@investor.pgh.pa.us (Bob Peirce #305)
Organization: Cookson, Peirce & Co., Pittsburgh, PA

In article <1992Aug24.195205.11841@mprgate.mpr.ca> harrison@mprgate.mpr.ca (Jeff Harrison) writes:
>I've just started getting into this whole investment thing and am finding
>it all rather confusing. I was wondering if anyone can recommend a good
>book on Economics which can introduce the concepts clearly to a laymen.

Economics in one Lesson by Henry Hazlit
-- 
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]