HDTenEightyP/NetNews huggingface dataset:
From: wolf@sweetpea.jsc.nasa.gov (Richard Wolf)
Newsgroups: misc.invest
Subject: Foreign Funds
Date: 15 Sep 1992 21:19:34 GMT
Organization: McDonnell Douglas Space Systems Company

In the past few weeks I have been looking into mutual funds that invest in
foreign markets (Germany fund, Japan fund, Mexico fund etc...). Both WSJ (Monday
edition) and Barron's list the current NAV of the closed end funds and the
discount/premium of each fund. I cannot, however, find a publication that lists 
the P/E of the markets the finds invest in. This would seem to be at least as 
important as the discount/premium of the fund, in that a fund at a 10% discount 
to its NAV does not seem like much of a bargain if the P/E of the markets it
invests in is 60, like the Japanese market was a few years ago. 

Does anyone know where I can find this information? Is it published in a
newsletter or magazine on a regular basis? Is it on this net? How many licks does
it take to get to the tootsie roll center of a tootsie pop drop? 

Thanx in advance

Rich Wolf
Newsgroups: misc.invest
Newsgroups: misc.invest

>So I can get a sure $800 or chance the $5,000. WHAT DO I DO!!!
>This has been driving me nuts for months - If this thing
>does not go through before NOV. it will be useless - By then
>it will be hard to get a closeing date by the end of 92.

The tax credit would be for people who buy a house between
(I think sometime in July 1992) and the end of 1992.  The
last thing I read in the paper about it said that there would
be some sort of provision for people that ended up closing in
early 1993 (in January???).

>Does any one think this thing is actually going to go though
>or what - any chance of it being extended into 93 since it
>won't do any good in 92.

I wouldn't hold my breath.  I doubt that Congress and the President
can get together on this one.  After the election is over, I think
the issue will be dropped entirely.
From: kingsley@hpwrce.mayfield.hp.com (Kingsley Morse)
Date: Thu, 10 Sep 1992 19:50:11 GMT
Subject: Cellular frequencies, 50% ROI!?
Organization: HP Western Response Center
Newsgroups: misc.invest

Touchtone Engineering has offered to apply to the FEC on my behalf for
cellular phone frequencies that are being auctioned off. They say applying
will cost $7,000 and should have about a 50% annual rate of return. It will
be a passive investment.

Has anyone heard of Touchtone Engineering or the latest FEC auction. A 50% 
annual ROI sounds too good to be true.
Newsgroups: misc.invest
From: szhu@rodan.acs.syr.edu (Shane Zhu)
Subject: Re: China stock market
Organization: Syracuse University, Syracuse, NY
Distribution: usa
Date: Thu, 3 Sep 92 14:33:02 EDT

In article <1992Sep2.022317.12405@inel.gov> whg@INEL.GOV (William H. Gray) writes:
>|> please post.
>|> 
>I just heard today (on the radio or somewhere) about the Jardine China Fund (JFC,
>I think).  Perhaps that's enough of a handle for your (and my) broker to get a
>line on it.  I'd also appreciate anything more specific.  I don't get to visit
>my broker very often.

There are three closed funds being traded on NYSE specialized in China:

      The China Fund (13 1/4 as of 9/1/92)
      Great China Fund (13 1/4)
      Jardine Fleming China Fund (13 3/8)

They all come out about the same time in July(?) this year. All have dropped
about 10% in price since then. But I am really shooting for the LONG term if
I would consider to buy the funds.

Another fact worth your attention: there is no direct connection between
China's domestic financial market (per riot in ShenZhen) and funds traded 
overseas. All shares traded domestically are "A" shares, while the funds
and individuals overseas can only buy "B" shares. "A" shares has been very
hot since Feb/March this year due to domestic "stock mania". But the "B"
shares actually moved very little, if not all the way down, during the same
period. One might expect the "B" shares will finally follow up if the
market of "A" shares got stablized. But a hope is a hope is a hope.

Shane
*** disclaimer: Opinion's mine (risk's yours).
From: colburn@Oswego.EDU (Bret Colburn)
Newsgroups: misc.invest
Subject: Re: u.s. savings bonds
Date: 11 Sep 92 18:49:26 GMT
Reply-To: colburn@oswego.Oswego.EDU (Bret Colburn)
Organization: Instructional Computing Center, SUNY at Oswego, Oswego, NY

In article <Aeg_wqa00WB95ACb59@andrew.cmu.edu> pb00+@andrew.cmu.edu (Peter B. Behrens) writes:
>Where can I buy u.s. savings bonds?
>
Pretty much every bank sells them.  Many employers have bond savings plans.
There is probably a federal office that sells them too but I don't know it and
I doubt it's any closer than the nearest bank.
Note: Credit Unions don't normally sell them(as far as I know).

+-----------------------------------------------------------------+
|  Bret Colburn                                                   |
|  CAE Link - Link Flight Simulation Division                     |
|                                                                 |
|  u6k75@lfkw2.bgm.link.com     or     colburn@oswego.oswego.edu  |
+-----------------------------------------------------------------+
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: German Fund
Date: 7 Sep 92 20:41:24 GMT
Organization: U of Arizona CS Dept, Tucson

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:

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

>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.

>Studies have shown that if you do this you can get 0.5 to 1 percent
>higher rates than in the U.S., on average. If you diversify between
>countries, your risk can actually be lower than investing in U.S.
>treasuries. Therefore this approach looks like dominant strategy.

>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. 

Um, if one thinks that the dollar is not going to gain much ground
at best, then doesn't it seem reasonable to invest in a short-term
global fond fund?  Since it is short-term presumably they can
hold most/all bonds to term so the interest rate fluctuations
don't matter.  This seems to me to be a reasonable way to get
a much better rate than one can get on fixed-interest investment
vehicles here in the US.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4089      
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: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: Economic effects of election results
Organization: The Ohio State University
Date: Tue, 8 Sep 1992 11:58:11 GMT

In article <1992Sep1.030110.7228@news.columbia.edu> gld@cunixb.cc.columbia.edu (Gary L Dare) writes:
>mzwick@vitro.com (Morris J. Zwick) writes:
>>
>>I would think that any nationalized health care would cause them (and
>>private insurers) to plummet. The nationalization of medicine will, in
>>the short term, reduce or inhibit prices by government fiat (price
>>controls). In the long term, this will mean less private investment 
>>in medical technology, therefore reducing the gains made by medical
>>science (medical R&D is EXPENSIVE).

>It depends how it's done, as opposed to any Sovietic scare-scenarioes
>that are popular around these parts.  In Canada, France and Germany,
>in the richer half of the G7 along with the U.S., our biggest question
>was how to reconcile the non-market and the market aspects of health
>coverage so we started and ended with just basic health insurance 

I don't really think the U.S. is ready for a total nationalized health
care program.  At the present time about half of the expenditures for
health care are paid for with government funds (Medicare and Medicaid
primarily as well as most of the research).  A bulk of the remainder is
paid for by employer's, with a small percentage privately purchased by
individuals.  The major group that is not covered is the working poor
who aren't covered at work and don't have enough funds left over to
purchase insurance.

Considering that medicare and medicaid pay enormous amounts of health care
(about $300 billion annually), some cuts in the expensive things they
provide could easily provide some basic necessities for the people who
aren't now covered ($100 billion annually would buy the uninsured what the
average insured person now receives).

To go to a nationalized insurance that wouldn't cut benefits would  take
$100 billion annually from someone--either welfare, senior citizens, or
health-care providers--and none of these are likely to give up without
a massive fight.  One of the problems presently is that a major part of
health care goes to people in the last year of their life.  Putting a 
dying cancer or heart patient on millions of dollars of equipment for a
few months is what's taking the big dollars in health care (now 12% of 
our GNP).

Newsgroups: misc.invest
From: joe@athena.mit.edu (Joseph C Wang)
Subject: Re: need details on devaluating U.S. currency
Organization: Massachusetts Institute of Technology
Date: Sun, 6 Sep 1992 19:44:43 GMT


In article <1992Sep4.030208.238099@ns1.cc.lehigh.edu> jm0i@ns1.cc.lehigh.edu (JOSEPH ALOYSIUS MCVEIGH) writes:
>Actually, sorry to be a dick, but shortly prior to ending the gold
>convertibility in 1971, Nixon did "devalue" the dollar (and every other
>currency save the quasi-currency gold) by raising the price of gold from $35
>to $38 per ounce.

This was one of the problems with the Bretton Woods arrangement which
no one noticed, until it sneaked up on them.  Under Bretton Woods, it
was impossible for the United States to unilaterally devalue the
dollar.  It could change the dollar/gold ratio, but since every other
currency was denominated in dollars, this didn't change anything.  The
only way of devaluing the dollar was to get every other country to
agree to increase the value of their currency, and since they were
benefitting from the imports of a strong dollar, there wasn't much
chance of that happening.
From: jlin@hls.com (Chiung-Hsi Jonathan Lin)
Newsgroups: misc.invest
Subject: Database containing historical quotes for future & options
Date: 11 Sep 92 17:57:40 GMT

Hi,

Do you know where I can find a historical quote prices for funture and option
on the existing network services and BBS except CompuServ?  If there is one, 
is it less expensive to retrieve the data than what CompuServ charges?  Thanks
in advance.

Jon
Newsgroups: misc.invest
From: johne@vcd.hp.com (John Eaton)
Subject: Re: Any problems with U.S. Savings Bonds?
Organization: Hewlett-Packard VCD
X-Newsreader: Tin 1.1 PL5
Distribution: usa
Date: Thu, 10 Sep 1992 22:04:17 GMT

John Muth (jmuth@pyrps5.eng.pyramid.com) wrote:
: 
: You aren't kidding about restrictive. The income limit is something like
: $60K. This is WHEN YOUR CHILD IS IN COLLEGE. (How the h*ll do I know how much
: I'll be making in 10 years when my kids are in college). 
: 
: In general, if you can afford to raise small children AND save for college,
: you are probably over the income limit.
: 
-----------------------
And if you aren't over before you cash in the bonds then you probably will
be after you cash them in. If you cash in a $20,000 bond that is 3/4 interest
then you have to add $15,000 to your current income. If that is under the
limits then you can deduct it otherwise you pay taxes on it.

John Eaton
!hp-vcd!johne


Newsgroups: misc.invest
From: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: Economic effects of election result
Organization: The Ohio State University
Date: Tue, 15 Sep 1992 12:34:12 GMT

In article <1426500256@igc.apc.org> McAldon International Inc. <mcaldon@igc.apc.org> writes:

>|The best argument that I've heard against a nationalized (in the US, anyway)
>|health care system is that it would be designed and implemented by the 
>|same type of folks that brought us the Internal Revenue Code. 

>A single-payer national health plan presumably would be an extension of
>Medicare, not the IRS.  I've made a rudimentary analysis of Medicare
>operations vs Blue Cross, and found, to my surprise, that Medicare is
>considerably more cost effective.  I thought about writing an article
>on the subject but decided I couldn't sell it.  DMcKenzie

It would be interesting to see figures on what the various "payers" of
health insurance in the U.S. pay per person.  The total seems to be
around $700 billion/200 million or $3500 per person/year.

From the government (as payer) I would surmise that their costs are in
the upper levels (above $3,000/person), while private insurance paid by
corporations for their employees is probably below $2,000/person.

The one problem I have with extending government insurance to another
35 million people is that it would probably cost about $100 billion
more per year, partly due to the government inefficiency.

Other aspecta of this problem is that the government is covering people
who aren't as healthy (unemployed due to health or age) and also is
covering people who have no concern about what the benefit costs (since
they're not paying for it).
From: J056600@LMSC5.IS.LMSC.LOCKHEED.COM
Newsgroups: misc.invest
Subject: Re: Schwab One account
Date: 8 Sep 92 19:44:13 GMT
Organization: Lockheed Missiles & Space Company, Inc.

In <1992Sep8.124414.4200@scott.skidmore.edu>, Pierre VonKaenel writes:

>In article <1992Sep7.194246.11133@xanadu.com> ravi@xanadu.com (Ravi Pandya) wri
>>I recently opened up an account at Charles Schwab in order to exercise
>>(and hold/invest) some ISOs. Looking over the services they provide
>>with their Schwab One account - no fee checking, VISA debit card with
>>ATM access, automatic sweep into my choice of money market funds,
>>automatic margin loans on overdrafts - made me wonder whether there
>>was any reason for me to keep my bank accounts and bank credit cards.

>I thought that with broker checking accounts, you had to write checks
>for a minimum amount (usually $500).  Be sure to check that out before
>ditching a bank account.

I've written Schwab One checks for under $50.

Tim Irvin   j056600@lmsc5.is.lmsc.lockheed.com
************************************************************************
Official candidate in the "world's longest E-mail address" contest.
Newsgroups: misc.invest
From: masimo@netcom.com (Michael Maas)
Subject: financial advisor needed in Santa Barbara Area
Date: Fri, 11 Sep 92 00:56:03 GMT
Organization: Netcom - Online Communication Services (408 241-9760 guest)
Distribution: ca

My 74 year old  mother called me today and told me that she is planning
on investing about $50k in some mutual funds with a broker.  Her total
charges for this are going to come to close to 2k.  

I suggested that she spend the 2k on getting someone without an interest
in making her commissions to give her a little more ipartial advice. (Of 
course she won't take mine -- wise woman that she is.)

Anyway, if anyone out there knows a bee based financial advisor in the
Santa Barbara Area, please forward their name to me.

Thanks,


Mike Maas  masimo@netcom.com
Newsgroups: misc.invest
From: lowood@leland.Stanford.EDU (Henry Lowood)
Subject: Re: Fidelity Fund Options
Organization: DSG, Stanford University, CA 94305, USA
Date: Thu, 10 Sep 1992 16:38:33 GMT

In article <1992Sep10.043037.14334@cs.brown.edu> jhc@iris.brown.edu.UUCP (James H. Coombs) writes:
>
>pension planner will consider either of them.  In fact, as I understand
>it, none of the 403b plans can use the selects.
>
Incorrect.  My company (Stanford) includes all the Selects in the 403B plan.

By the way, as for the business about loads: Fidelity waives them if the 
company has more than a certain number of employees eligible for the plan:
I think the number is 200 or 400 or something like that.

Henry
From: tom@cse.fau.edu (Tom Horton)
Newsgroups: misc.invest
Subject: TelMeX: buy?
Date: 9 Sep 92 21:23:28 GMT
Organization: Florida Atlantic University, Boca Raton

Some of the people I trust are suggesting I buy some shares in Telefonos de  
Mexico (TelMex), the Mexican phone company.  I've seen the ValueLine sheet on  
this (they rate it "highest" for timeliness), and everything looks pretty  
attractive.   One of my friends said this stock has been discussed a lot in the  
last few years, with many people thinking that it's hot.  If it was discussed  
here, I missed it so I'm wondering whether any of you have taken a serious look  
at it recently.

BTW, I'm mainly looking at stocks for long-term growth; planning for retirement  
in 30 years or so.

Thanks in advance for any comments.
Tom
--
-------------------------------------------------------------------------
Dr. Thomas B. Horton, Assistant Professor
Dept. of Computer Science and Engineering, Florida Atlantic University
Boca Raton, FL 33431  USA        Phone:  407/367-2674   FAX: 407/367-2800
Internet:  tom@cse.fau.edu       Bitnet: HortonT@fauvax
Newsgroups: misc.invest
From: dkulkarn@handel.helios.nd.edu (Dinesh Kulkarni)
Subject: Invesco/Financial - Enviro. Mutual Fund
Organization: OUC, University of Notre Dame
Distribution: na
Date: Sat, 12 Sep 1992 20:53:26 GMT

Invesco/Fianancial's mutual fund investing in companies providing
environmental services has dropped more than 25% in the last 52 
weeks (max. 10.42 NAV/per share, Friday 7.60).  Is it just because
of the beating that enviro. stocks have taken or is it more
due to bad stock picks by the fund's managers ?

Thanks.  

Dinesh

Newsgroups: misc.invest
From: dbgdfd@edp.arco.com (Donald F. Dean)
Subject: Re: Great American Recreation Corp (GRARE)
Organization: ARCO - Aept
Date: Wed, 9 Sep 1992 17:12:13 GMT

In article <SHAH.92Sep9101745@santur.tay1.dec.com>, shah@tay1.dec.com (Amitabh Shah) writes:
|> 
|> On 9 Sep 92 00:32:31 GMT, eric@desktalk.com (Eric Lieber) said:
|> 
|> > Has anyone heard of either GRARE or Hibbard, Brown & Company?
|> 
|> I haven't heard of GRARE, but if what I have heard about Hibbard Brown is
|> true, then they are in the same class as Used Car Salespeople, televangelists,
|> and Republicans :-). 
|> 
|> I would advise your friend to stay away from them.
|> 
|> -amitabh.
|> --
|>  

This is an insult to televangelists everywhere.  How could you put them in the same class as republicans.

-- 
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+ Don Dean                     	 	*  There are very few personal
+ ARCO Oil and Gas Co.			*  problems that cannot be solved 
+ Plainold Texas			*  through a suitable application 
+ dbgdfd@arco.com			*  of high explosives.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
From: Amiga@cup.portal.com (Philip Barry Kirschner)
Newsgroups: misc.invest
Subject: Re: Star/Cirrus network access feenex
Date: Sat,  5 Sep 92 08:57:11 PDT
Organization: The Portal System (TM)
Distribution: usa
  <1992Sep4.161635.3928@desire.wright.edu>

Yes, I have a card with citybank.They charge no ATM access fee's no matter
which cirrus or nice bank I am on.It's good all over the world on 6 differ
ent cash exchange systems.
 
Phil
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Great American Recreation Corp (GRARE)
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 10 Sep 1992 01:03:11 GMT

In article <1992Sep9.141125.15865@cbnewsj.cb.att.com> rdb1@cbnewsj.cb.att.com (ronald.j.deblock..jr) writes:
>In article <1992Sep9.003231.15574@desktalk.desktalk.com> eric@desktalk.com writes:
>>This is posting for Calvin Kennedy at:
>>	ckennedy@oracle.com
>>Calvin has been contacted by a firm called Hibbard, Brown & Company,
>
>This raises a flag for me.
>
>Until recently, the bozos at Hibbard, Brown would call me at my office
>at least every two weeks, sometimes more often.  Always the same guy.
>Always the same pitch.  I always said, "I'm not interested, please stop
>calling me."  They stopped for about two months, and then started up again.
>
>I haven't heard from them since I moved to a new office.
>
>I will NEVER do business with Hibbard, Brown.

Ditto.

Hibbard Brown seems to push penny stocks in which they are the sole
or one of very few market makers.  That means they pretty much
determine the price of the stock.

[ Free advice:  If someone touts a penny stock -- or any OTC stock
  to you,  ask for the Names and Addresses of every market maker.
  If the list is less than 4 market makers, Stop!  Do not Pass Go!

  Do not accept a statement "There are at least half a dozen market
  makers." Get the names and addresses and imply you plan to contact
  them.  (and feel free to do so.)  ]

Any stock having a single or very few market makers tends to have an
artificially high spread between bid and asked price.  That means if
you bought stock at $2 you may find you can sell it back a moment
lkater at only $1 or 1 1/8  -- an intolerably high spread in my
opinion.

Hibbard, as market maker makes money on all these trades.  They keep
the difference between bid and asked.  In addition, they charge very
high (IMHO) commissions on those trades!

Now, I have an account at Shearson Lehman Bros -- a very large Wall
Street firm, who is a market maker -- along with many others, for
many stocks on the NASDAQ National Market System. Whenever Shearson
trades the stock from its own account -- something Hibbard does all
the time -- they don't charge me any commission at all!

I would never recommend dealing with Hibbard Brown.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: weenie@yenta.alb.nm.us (Dean Kerl)
Newsgroups: misc.invest
Subject: Re: Stock quotes on-line
Date: 13 Sep 92 18:42:54 GMT
Organization: yenta unix pc, rio rancho, nm

bert@terzon.uucp (Bert Campbell) writes:
>To put it in the simplest terms, the major exchanges copyright the
>data.  As ludricous as it seems, they seem to control the legal right
>to the dissemination of this information.  I know for a fact that if
>you use a quotation monitor (there are several available that
>get real-time stock trade data from FM subcarrier, satellite, cable, etc)
>that you must agree that you will not redistribute the data via
>electronic means, and the "exchange fees" are a substantial portion
>of the cost.  There have been several "quote servers" and such
>that pop up from time to time, but none seem to last.  I assume that
>Clarinet has worked out the legalities of what it is doing.

>I'd be happy to hear any grounded refutation of this attempt at
>explaining why the "internet mega stock data server" is essentially
>a legal impossibility :-)

I'm not positive, but I think stock quotes are protected for 15 mins
and then they become public domain. That is why CNN can run stock
quotes with a 15 minute delay. Since stock quotes are facts, I don't
see how they can be protected other than for the first 15 minutes
from the time of the trade.

Dean

-- 
Dean Kerl
weenie@yenta.alb.nm.us
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Fri, 4 Sep 1992 16:47:06 GMT
Subject: Re: Fidelity Growth Co. Fund
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, jhc@m2lll.uucp (James H. Coombs) writes:

> >Are these considerations (overvalued holdings, etc) in mutual
> >funds marginal or substantial issues?
> 
> On a long-term investment, they are probably marginal.  Over less than
> a year, however, they seem substantial.

By consistently buying overvalued stocks, one can achieve a very low return
over the long term.  Over the short term it doesn't matter as much.

> --Jim

BDR
Newsgroups: misc.invest