HDTenEightyP/NetNews huggingface dataset:
From: coop@sybase.com (John Cooper)
Newsgroups: misc.invest
Subject: hi-tech growth funds in software
Date: 5 Oct 92 15:44:21 GMT
Reply-To: coop@sybase.com (John Cooper)
Distribution: usa
Organization: Sybase, Inc.

Does anyone know of any hi-tech growth funds that target computer software
companies while actively avoiding those that manufacture hardware?

Thanks,
--
John Cooper                               | My opinions, may not be employer's.
Sybase, Inc.                              |
                                          | "If you don't like the news go out
sybase!coop@sun.com                       | and make some of your own."
Newsgroups: misc.invest
From: antonio@qualcomm.com (Franklin Antonio)
Subject: China -- closed end funds -- info needed
Organization: Qualcomm, Inc., San Diego, CA
Date: Mon, 12 Oct 1992 05:27:06 GMT


I notice in Barron's closed-end funds section, they list three funds
with China in their name...

China Fund
Greater China Fund
Jardine Fleming China

I would like to find the phone number for each of these funds, so I 
can request info.  These funds are not listed in Barron's Handbook
nor in the Herzfeld 92/93 Encyclopedia of Closed End Funds.  Maybe
they are new?
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Federal Reserve: 'monetizing' debt
Keywords: monetization of debt, open market operations
Date: 14 Oct 92 18:18:20 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

On a related note, what is stopping the US government from just
printing checks (or some similar mechanism) to pay off its
huge debt?  This would be tantamount to printing lotsa money,
and would gut the doller and cause lotsa inflation, but is
there any (non-political) reason that they couldn't just do this
or some similar variant?  Just curious...
--
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: dan@writer.yorku.ca (Dan O'Connell)
Subject: office space cost
Originator: dan@grant
Organization: Computer Assisted Writing Centre, York University, Toronto, Canada
Date: Thu, 15 Oct 1992 15:56:41 GMT

I am not sure this is the right place for this but
does anyone know what it costs (per sq. ft.) to rent class "A"
office space in places such as Warsaw, Prague,
St. Petersburg, or Moscow.
Thanks,
D.O'C
From: ohumukin@spectra.com (Kawika Ohumukini)
Newsgroups: misc.invest
Subject: Re: Income & Wealth
Date: 12 Oct 92 23:38:45 GMT
Organization: Spectragraphics Corporation

In article <1992Oct9.220710.6459@ads.com> dwang@ADS.COM (David Wang) writes:
>But, where is it written in stone that people have to BUY ?!  What
>happen to living within your mean?  It is not my fault or your fault
>that someone decided to borrow to buy something they couldn't afford.

	The constant shift from quantity to quality causes purchasing.

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

	Maybe, I think that it is more attributable to lack of
	education on how to manage money.  Ask 10 people if they
	understand how compound interest works and what it means
	in 1,5,10,20 years.  You may be amazed at how many people
	have no idea how it works.

>>        I mean, it doesn't seem that hard to understand to me personally.
>>
>>        As far an axe to grind.  Why do politics keep getting mixed up
>>   in what is a cause and effect discussion?
>
>The problem is -- one's conclusions to real world observation is
>colored by their political and social beliefs.  
>
>Another point : why should people that save and create wealth
>  be penalized ?  where is the old virtue of individual 
>  responsibility ?  If someone spend beyond his/her mean, it
>  is an individual problem.  Government has no role in bailing
>  out irresponsible individual behaviors.

	They should be penalized because by saving they are affectively
	taking the wealth of the economy out of the cycle.

	Kawika 
Newsgroups: misc.invest
From: greg@cherokee.b23b.ingr.com (Greg Moritz)
Subject: Re: Agencies that Reduce C-Card debt
Reply-To: greg@cherokee.b23b.ingr.com (Greg Moritz)
Organization: Dazix, An Intergraph Company
Date: Sun, 11 Oct 1992 18:31:16 GMT

> tsp@controls.ccd.harris.com (Timothy S. Pillsbury) writes:
> > I ran across some ads in a local paper for companies who claim to be
> > "not for profit" that say they can help me consolidate my credit card debt
> > to a lower interest rate (I currently pay about 16% on the average).

gary@cdthq.UUCP (Gary Heston) responded:
> I've never heard of anyone offering anything like this, particularly
> where you'd be prohibited from using your cards. (At the very least,
> they should be available for emergencies.)
> 
> My "Scam Alert" is sounding.

Actually, I have know of such an agency.  It was called Consumer Credit
Counseling Services or something like that.  The counselee had to put up
about $25 if they could do so, but it could be waived.  The credit card
companies pay for most of the funding.

The premise is that if one is desperate enough to go to such counseling
services, one is close to bankruptcy or at least imminent default.  A
credit card company will only get cents on the dollar in some forms of
bankruptcy or if they sell the account to a debt collector.  They get
nothing if one files for 'full' bankruptcy (I can't ever remember the
difference between chapter 7 and chapter 11 - who cares?)  Better to
get at least the principal back (less inflation).

*Yes*, you do lose the use of your credit cards.  This is a formal procedure
where you will *not* be receiving the 'new' card when the old one retires.
The aim is to become *debt*free*.

The agency sets up a payment plan - something like 3% of your balance.
You make *one* payment to the agency and they distribute to the six,
dozen, or whatever amount of cards you have.  In about three years, you
are out of debt.   INTEREST IS STOPPED.  

The agency makes the claim that your credit is unaffected.  I don't know
about this.  True, you have no blemishes on your credit report as a 
result of this activity, but the individual credit cards know your
history.  I don't know if they would re-issue you a card.

Note that the discipline required for the three years is greater than 
just 'floating the loans.'  Usually, the min pymt on credit cards is
2-2.5%.  If you continually get cash advances to cover the 'other cards'
you might just be paying the interest of 1.6-1.8%.  On $20k to $30k
of credit card debt, that is about $300 in reduced cash per month.

An unrelated note to gary@cdthq.UUCP (Gary Heston)
Finally, -- Gary -- how does one email you?  I tried regarding the 103%
error you noted in an earlier post, but cdthq.UUCP is inadequate to get
to you.  You're also in HSV aren't you?
From: gregf@tekig1.pen.tek.com (Greg Fox;BV-7980;47-720;LP=A)
Newsgroups: misc.invest
Subject: Re: Concentration of wealth
Date: 12 Oct 92 20:23:37 GMT
Reply-To: gregf@tekig1.pen.tek.com (Greg Fox;BV-7980;47-720;LP=A)
Distribution: na
Organization: tektronix

eder@hsvaic.boeing.com (Dani Eder) writes:
>					 Real wealth
>has been growing at something like 4% per year in the US.  The
>expected rate of return on investments is about 8%.  So if someone
>has accumulated a net worth of 25 times their annual income, they
>can stop working, spend 4% of the income, and let the other 4%
>compound.  If they are above this point, they will tend to
>accelerate ahead of the general wealth.

Don't forget that income tax must be paid on the entire 8%.  This means that
the semi-millionaire you mention later in your article whose net worth is $500,000 
will have an income from this "wealth" of $40,000/year.  After paying federal and 
state taxes on $40,000 and reinvesting $20,000, what is left, if anything, will certainly not permit him to live a life of wealth and ease.

Since an inflation rate of 5% is now considered moderate and normal, it seems
very unlikely that future inflation rates will average less that this.  I
would think it prudent to reinvest 6% of my wealth per year just to maintain
buying power.  Also, my hat is off to anyone who can average, over the decades
more than 2 or 3% return over the inflation rate.  Using the same 8% return 
and reinvesting 6% means that semi-millionaire with $40,000 return must pay
federal and state taxes on $40,000 and reinvest $30,000.  Even food stamps will
not keep him from going behind.  In fact, it is VERY difficult to maintain, much 
less increase real wealth through investing.

In the end, governments will spend it all.

I hope I haven't discouraged anyone from investing, but for success we must be realistic.

Greg
From: watanabe@milton.cs.uiuc.edu (Larry Watanabe)
Subject: FAQ
Summary: information for beginning investor
Keywords: books, faq
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: usa
Date: Fri, 9 Oct 1992 22:55:33 GMT

Hello, 

	I would like to make more effective use
of my money. Is there a FAQ for this group, hopefully
including a list of recommended books on money
management and investment?

If not, I would appreciate pointers to good books
on this subject.

Thank you.

-Larry Watanabe  watanabe@cs.uiuc.edu
Newsgroups: misc.invest
From: jhc@iris.uucp (James H. Coombs)
Subject: Re: Zweig "Super Model" signal
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Date: Fri, 9 Oct 1992 19:23:57 GMT

In article <1992Oct9.164712.10282@cbnews.cb.att.com> lib@cbnews.cb.att.com (Lib) writes:
>In article <IepNroa00UhW42kIZw@andrew.cmu.edu> jb6k+@andrew.cmu.edu (Joel Bloch) writes:

>>He's down to 30% stocks from 60% a couple of weeks ago. That includes a
>>put position.

>Zweig is 20% in "larger" stocks and 30% in "smaller" stocks
>witha 20% put position, to be exact.

Zweig moves so fast that this information seems useless.  Why would we
care what Zweig has or hasn't?  Some of the changes are due to stops
and not to any particular market timing.  More valuable is the
discussion of the market and the rationale that he provides for being
this or that.  Much more valuable, I think, is the longer-term timing
that Market Logic gives.  There is reasonable correlation with Zweig,
but Market Logic does not shift in and out overnight.  --Jim
jhc@iris.brown.edu -- don't trust reply-to fields
From: rbeville@tekig5.pen.tek.com (Robert E Beville)
Newsgroups: misc.invest
Subject: investing books
Keywords: for novices
Date: 12 Oct 92 21:43:23 GMT
Article-I.D.: tekig7.7265
Distribution: usa



	I intended to do this a long time ago to help some of you novice
	investors.  It is part of my finance library/collection.  It could
	save a lot of low level net traffic. 
	I'll append to this list another time.  To get
	these books, LOG OFF NOW and go to the nearest GOODWILL thrift
	store, Salvation Army store,  used book shop, thrift shops, paperback
	exchange, etc.  They MAY seem stale to you
	but they are rich in good old fundamental material.  Later dudes...

	George S. Clason  THE RICHEST MAN IN BABYLON       Bantam
	Sylvia Porter     NEW MONEY BOOK FOR THE 80S       Avon
	Louis Engel       HOW TO BUY STOCKS                Bantam
	Venita Van Caspel MONEY DYNAMICS FOR THE 1980S     Reston
	Charles Schwab    HOW TO BE YOUR OWN STOCKBROKER   Macmillan
	Burton Crane      THE SOPHICATED INVESTOR          Simon&S
	Norman G. Fosback STOCK MARKET LOGIC               In. for Ec. Res.
	C. Colburn Hardy  THE FACT$ OF LIFE                amacom
	Gerald M. Loeb    THE BATTLE FOR INVESTMENT SURVIVAL  Simon&Schuster
	L Louis Rukeyser  HOW TO MAKE MONEY IN THE STOCK MKT  DoubledayDolphin 
	Burton G. Malkiel A RANDOM WALK DOWN WALL STREET   Norton
	Benjamin Graham   THE INTELLIGENT INVESTOR         Harper&Bros
	John A. Straley   WHAT ABOUT MUTUAL FUNDS          Harper&Row
	Claude Rosenberg  STOCK MARKET PRIMER              World Pub Co
	William Donoghue  NO-LOAD MUTUAL FUND GUIDE        Harper&Row

	that's -OWARI- from GLOWWORM-7-9-4
	best regards, rbeville@tekig5.PEN.TEK.COM
	Bob Beville, Tektronix, Inc., Beaverton, OR 97077
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Newsgroups: misc.invest
Subject: Re: Depression (Was: Income & Wealth & A Light!)
Date: 14 Oct 92 17:36:38 GMT
Organization: Physical Sciences Lab, University of Wisconsin

In article <9210141508.AA01400@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu ("Broward "Is there hope?" Horne") writes:
>>It still seems logical to at least attempt to identify what are the primary
>>causes of our economic difficulties.  One plausible thesis is proposed
>>by an article in this week's Barron re. the long term cyclical trend
>>of debt in the US.  In this view of the world, when debt level as a
>
>
>        Ah.  Excellent.  Then *you* understand what is going on.
>   Unfortunately, our government does not.  And will not.
>   Just as obviously, our markets do not understand.  Yet.

My question, not really addressed in the Barron's article - what
investment stance should one take to conserve one's capital as the US
launches down the slippery slope? Are bonds the appropriate investment
vehicle because long-term interest rates will fall and the real rate
of interest return will be high?
-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
Newsgroups: misc.invest
From: ca@cbnewsi.cb.att.com (christopher.arnone)
Subject: Re: U.S. Bail Out!
Organization: AT&T
Distribution: usa
Date: Wed, 7 Oct 1992 18:20:04 GMT
Summary: Of course not

> >Here is a chart of tax revenues as % of GDP.  Taken from the September
> >19th issue of The Economist.  These figures are approximate.
> >
> >	       1991    1980
> >	       ----    ----
> >Sweden		52	49
> >[various developed countries]
> >United States	30	29
> 
> Do these figures count state and local taxes?  Total government
> spending in the U.S. at all levels is between 45-50% of GNP,
> from the various estimates I've seen.
> 
	Of course it doesn't.  Take a typical high tax state like NY.  Consider
the sum of federal, state, and city taxes.  Also take into account the sales,
gas, excise, property taxes and FICA and you will see that we are on par with
respect to tax levels with other nations in the industrialized world.  Of course
the difference here is that most typical working people very little in return
from the government.
Newsgroups: misc.invest
From: markr@mot.com (Mark)
Subject: Re: Depression (Was: Income & Wealth & A Light!)
Reply-To: markr@mcil.comm.mot.com
Organization: MCIL
Date: Thu, 15 Oct 1992 14:36:38 GMT

In article <1992Oct14.173638.10239@pslu1.psl.wisc.edu> dbk@pslu1.psl.wisc.edu (Don Katz) writes:
>In article <9210141508.AA01400@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu ("Broward "Is there hope?" Horne") writes:
>>>It still seems logical to at least attempt to identify what are the primary
>>>causes of our economic difficulties.  One plausible thesis is proposed
>>>by an article in this week's Barron re. the long term cyclical trend
>>>of debt in the US.  In this view of the world, when debt level as a
>>
>>
>>        Ah.  Excellent.  Then *you* understand what is going on.
>>   Unfortunately, our government does not.  And will not.
>>   Just as obviously, our markets do not understand.  Yet.
>
>My question, not really addressed in the Barron's article - what
>investment stance should one take to conserve one's capital as the US
>launches down the slippery slope? Are bonds the appropriate investment
>vehicle because long-term interest rates will fall and the real rate
>of interest return will be high?

I don't think any non-tangible item can be used to reliably conserve capital.
I'm not even sure if tangible items (i.e. real-estate) can conserve capital if what
you describe will take place. (or is it currently taking place?)

Perhaps bonds denominated in currencies other than dollars ?
Perhaps real-estate not in the USA ?

I really don't know.  I am now mostly in short-term instruments and some
intermediate-term CMO's (which I worry about), and a small bit of domestic & global
stock funds.

Any suggestions ?

Mark
From: dodson@convex.COM (Dave Dodson)
Newsgroups: misc.invest
Subject: Re: Kemper Funds in trouble???
Keywords: Kemper funds
Date: 11 Oct 92 19:56:09 GMT
Article-I.D.: news.1992Oct11.195609.10311
Reply-To: dodson@convex.COM (Dave Dodson)
Distribution: usa
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
Originator: dodson@bach.convex.com
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

In article <Bvvq4L.Hvw@news.cso.uiuc.edu> foo26860@uxa.cso.uiuc.edu (Pasquale) writes:
>I heard a rumor that the Kemper Funds were in trouble.  Is this true?  Can
>a mutual fund go bankrupt?  Are investments in Mutual Funds insured?

I haven't heard any rumors or other statements about Kemper.  Kemper
Management Co. (or whatever it is called) certainly could go bankrupt,
as could any other business if outgo exceeds income for too long.

But investors in Kemper mutual funds cannot get sucked into Kemper's
problem because the securities owned by the mutual fund are not assets
of Kemper.  They are held by a custodian for benefit of the owners of
the fund shares.

Presumably, if Kemper's management company went bankrupt, the trustees of
each Kemper fund would have to select some other management company to
manage the fund.  This new management company and the management contract
between the fund and the manager would be ratified by the fund owners in
a shareholder meeting.

----------------------------------------------------------------------

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
Newsgroups: misc.invest
From: bible@iastate.edu (Anthony E Bible)
Subject: Re: Cost-Benefit analysis of Renting VS. Buying
Organization: Iowa State University, Ames, IA
Date: Thu, 15 Oct 1992 14:01:18 GMT

In article <1992Oct14.140819.15640@tamsun.tamu.edu> tpradeep@cs.tamu.edu (Pradeep K Tapadiya) writes:
>
>One of my friends over here bought a duplex for 58K. Including almost all the
>costs you mentioned, he is paying $552 per month. However, he rented out
>a portion of the duplex for $395 per month. In January, he will raise the
>rent to $450. 
>
>Overall,
>  Plus points
>  1. He has his "own" house
>  2. Before he use to pay $350 rent for a single bedroom apt. Now he pays
>     about $100 (in effect) for a double bedroom house with garage.
>  Minus points
>  3. His misc. expenses on repairs when bought initially ran down
>     to $8000.
>

	Don't forget taxes on $5400 ($450 * 12).
	Oh, and there is also property tax.
	And, of course, the maintenance costs are on-going.  I would suspect
they are higher for rentals.
	Also, the insurance costs are greater than they would be if you were
renting.

	I took a rough cut at this analysis a few years back when I had to
replace the roof on my house and put in an extra drainage system around my
foundation and had the range and the dishwasher crap out within a few months of
one another.  I don't recall the numbers and it was a pretty rough cut anyway,
but -- I agree with whoever posted saying it is not an investment it is a
life-style choice.  I am sure there are exceptions.
	None-the-less, I too will be interested to see the results of the
analysis.

Regards,
tony
From: wizard@bigwpi.WPI.EDU (Ajay Khanna)
Newsgroups: misc.invest
Subject: Assuming a mortgage
Date: 15 Oct 92 16:46:12 GMT
Organization: Worcester Polytechnic Institute
NNTP-Posting-Host: bigwpi.wpi.edu

I'm new to the house-hunting game, and haven't much money to parley
with.  Does anyone know how one goes out and asks a bank to let you
assume one of their forclosures?

Any advice about this or house-hunting would be sincerely appreciated.

kris
(borrowing the account of wizard@wpi.wpi.edu)
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Newsgroups: misc.invest
Subject: Re: 2oth Century
Date: 16 Oct 92 18:15:19 GMT
Distribution: misc
Organization: TRW, INC.

In article <31630@alfred.Teknowledge.COM> tbarnes@teknowledge.com (Terry A Barnes) writes:
>
>Magellan had *hundreds* of stocks under Lynch.  

I concur.  Peter Lynch has been a relatively frequent guest on Wall
Street Week.  Rukeyser asked him how many stocks he had in the portfolio
and Peter said about 1400 (or it might have been 800).  Next question
was how could he keep up with that many companies.  Peter replied that
when he talked to a [savings and loan] about how they were doing, he
then knew something about *all* the savings and loans.  It seemed to me
that Magellan had gotten so big that Peter dealt more with *industry
groups* rather than specific companies.

My imperfect memory recalls that Lynch had about 1400, and the new
manager of Magellan was going to cut that to a mere 800 or so.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: cep@taligent.com (Christophe Pettus)
Subject: Re: when is good time to buy EE Savings Bonds?
Organization: Taligent, a little subsidiary of two really big companies.
Date: Wed, 7 Oct 1992 17:27:50 GMT

In article <1992Oct7.140300.407@osf.org> kev@osf.org (Kevin Till) writes:
>			a) beginning of the month
>			b) end of the month
>			c) doesn't matter

End of the month.  Interest starts being accrued from the beginning of
the month in which the agent receives your payment, so if you buy your
savings bond on the last day of the month, you (in effect) get one
month's interest free.
--
-- Christophe

"He presented it with a length of string, and then passed on to the
Statue of Corrupted Endeavor, there to await the arrival of autumn."
From: nmodi@living.rutgers.edu (Nirav Modi)
Newsgroups: misc.invest
Subject: Re: DRIP's
Date: 10 Oct 92 20:27:48 GMT
Organization: Rutgers Univ., New Brunswick, N.J.

davida@bonnie.ics.uci.edu (David A. Andersen) writes:

>In article <Meo8wWC00YUnQlIKwd@andrew.cmu.edu> pb00+@andrew.cmu.edu (Peter B. Behrens) writes:
>>I saw an ad on CNBC for a "Guide to Dividend Reinvestment Plans" which
>>supposedly lists over a one hundred companies that offer DRIP's.  I
>>haven't seen the booklet and I am not affiliated with the company making
>>the offer, so _FYI_only_:  call 800-443-6900 give them $9.00 (charge to
>>Master Card or Visa) and they will send you the DRIP's booklet and a
>>copy of a newsletter called the Money Paper.  (They will probably make
>>you a subscription offer when you call.)
>>

>There was also a recent article in USA Today about direct investing
>of companies.  I'll see about pulling it if people want it.

>David Andersen
>UC Irvine
Hi
	Can you put it on the newsgroup or mail it to me at 
	nmodi@klinzhai.rutgers.edu
	Thanks.
-Nirav
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Nirav B. Modi
(908)699-1124(Home)
(908)932-4786(School)
email address: nmodi@klinzhai.rutgers.edu
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Newsgroups: misc.invest