HDTenEightyP/NetNews huggingface dataset:
From: straw@cam.nist.gov (Mike_Strawbridge_x3852)
Newsgroups: misc.invest
Subject: need mortgage payment formula
Date: 22 Jul 92 10:38:17 GMT
Organization: National Institute of Standards & Technology, Gaithersburg, MD

I have software for calculating mortgage payments and I have the standard
payment charts, but I would like to know what percentage of each payment
is principal vs. interest.

Does anyone have a formula or program for calculating this?

Thanks.

-----------------------------------------------------------------------
NAME:   Michael Strawbridge                     TELE: (301) 975-3852
USMAIL: National Institute of Standards         ARPA: straw@cam.nist.gov
                and Technology                  UUCP: uunet!cme-durer!straw
        Rm. B-146, Bldg. 225
        Gaithersburg, MD  20899
Newsgroups: misc.invest
From: barrett@cc.gatech.edu (James Barrett)
Subject: Savings for house (5 years)
Reply-To: barrett@cc.gatech.edu
Organization: Georgia Tech College of Computing
Date: Wed, 22 Jul 1992 15:19:49 GMT

I am saving with my wife for the purchase of a home in about 5 years.
Currentyl, we are putting the following into mutual funds:
         $100 / month => 20th Cent. Balanced
         $100 / month => Scudder Intl Bond
         $100 / month => Savings acct paying 4%

In December, we will have another $200/month available to invest.  I
was at first considering moving the 20th Cent investment to PAX World
Fund to be a little more conservative and support the worthy goals of
this fund.  I also was considering opening an account with a Blue Chip
fund to add more stocks.  

My question is, since I want to keep some money in stocks for future
growth, what are some good funds for Growth & Income or Income stocks?
This money should be rather conservative, but if it grows, we can more
comfortably get a house we'll be happy with.

Also, as we get closer to the time to purchase, when should we start to
move the money out of stocks and into more conservative investments?


---------------------OS/2 v2.0 -- It's heeeeerrrreee!!!!!-----------------------
James C. Barrett (barrett@cc.gatech.edu)| "I'm speechless...               
Georgia Tech College of Computing       |      I am without speech." - George
From: jm0i@ns1.cc.lehigh.edu (JOSEPH ALOYSIUS MCVEIGH)
Newsgroups: misc.invest
Subject: Re: Telemex
Date: 28 Jul 92 17:42:33 GMT
Organization: Lehigh University

zhu@graphack.asd.sgi.com (Benjamin Zhu) writes:
>
>Does anyone know why the Telemex stock has been dropping
>like a rock during the last few sessions? It went down
>quite a bit after Barron's claimed Mexican stocks were
>overvalued. Pretty rapidly it bounced back. Now it seems
>to take a dip again. Is this related to current trade talk
>among US, Canada and Mexico? Or is it just a reflection
>of the sloppy global market for the last few weeks? Am I
>missing something?

My 65 pesos (approx US$0.02):

Since it's the core of the Mexican market, which has been whipsawing based
on the "latest" NAFTA scenario assessment, it's most likely bearing the brunt of
the fear-and-greed trading by acting as the proxy for Mexico's economic future.

-- 
-------------------------------------------------------------------------------
Joseph Aloysius McVeigh  | "From Hell's heart, I stab at thee. For Hate's sake
       "N.I.N.A."        |  I spit my last breath at thee..." - John Milton
-------------------------------------------------------------------------------
Newsgroups: misc.invest
From: esl_manager@gimme.uh.edu ()
Subject: Re: Charles J. Givens
Reply-To: esl_manager@gimme.uh.edu ()
Organization: University of Houston
Date: Thu, 23 Jul 1992 19:17:45 GMT

Investments, Personal Finance, Small Business


	I have glanced through most of Givens-related articles and no one can deny
that there are mainly two groups of people here in this newsgroup: pro &
anti Givens.
Perhaps someone who is currently in the academia (particularly in
business school)
can give us your opinions based on your wealth of experience in
research. Let us hear something from the top B-schools in the nation:
Harvard, Stanford, Wharton, Sloan, just
to name a few.  I think it will give us a more well-rounded viewpoint.

	Thank you in advance!

---
Arthur
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Odd lot - does it make sense ?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Wed, 22 Jul 1992 22:10:47 GMT

In article <1992Jul22.165842.14056@news.nd.edu> dkulkarn@haydn.helios.nd.edu (Dinesh Kulkarni) writes:
>
>I have a bsic question about the no. of shares per trade.
>
>Does it make sense to buy an odd lot of shares (<100) ?  Does it create
>problems if you try to sell the stock at market rate (instead of a limit
>order) ?  Are these problems lower in case of a blue-chip stock like
>AT&T or IBM ?

Stocks ( like AT&T and IBM and even those without 3-letter
abbreviations ) traded on the New York Stock Exchange can have
limit orders, stop-loss orders, etc placed on them which are for a
set number of days or are Good Till Canceled (GTC).  The NASDAQ
doesn't have such orders per se, but many brokerage firms will do
the equivalent for you by placing a day order for you for every day
until filled or canceled.

Odd-lot orders placed during the day and/or placed with special
orders, AND which do not convert to Market Orders before the
opening, will probably have an 1/8 point added to the buy or
subtracted from the sell.

Market orders (buy/sell at whatever the market happens to be) placed
before the opening trade will not -- at least for most brokers --
have any odd-lot penalty.

Even so, a broker who makes a market (NASDAQ) in a stock might
combine your odd lot with others and make the trade during the day
as part of the trade for the brokers account.  This combines your odd
lot with other customers.  Your confirmation slip will indicate
this.  In those cases you will not likely be charged an odd-lot
penalty.

So, why worry about odd lots?   Well, there are cases where there is
a penalty, but not a bad one.  And for high-priced stocks, it's
piddling.  And if you write covered calls you need a round lot.
(Except when the stock declares a split - say a 3:2 split and the
call is automatically converted to a call for 150  post-split shares,
but that's just the messy side of options.  In most cases, you need
a round lot to cover your call.)


Bottom line:  Don't be afraid to place an odd-lot order if you think
it's a wise investment.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: cbb1@ra.msstate.edu (Chris B. Borchert)
Subject: Question about investment loan deductions
Organization: Mississippi State University
Date: Sun, 26 Jul 1992 02:55:04 GMT

Not to mention Givens material, but in his book he says to take a loan
for an IRA even if you have the money of it because you can deduct
the loan interest.  Is this still true?  Are the benefits worth it?

Chris Borchert
cbb1@ra.msstate.edu
From: halpin@sw.stratus.com (Jim Halpin)
Newsgroups: misc.invest
Subject: Re: Morningstar HELP!
Date: 29 Jul 92 17:21:59 GMT
Organization: Stratus Computer, Inc.

In article <barrett.712417355@cc.gatech.edu>, barrett@cloudgen1.gatech.edu (James Barrett) writes:
> TW.A51@isumvs.iastate.edu (Jim Berg) writes:
> >Could someone please post to me or the list what the meaning and
> >scale of the "Morningstar Ratings" is.....
> 
> Morningstar is a paper about mutual funds.  They publish ratings of
> funds every quarter or so.  They call their ratings "risk-adjusted
> performance" ratings.  That means that a low-risk, low-return fund
> and a high-risk, high-return fund will both get an average rating,
> because that is what they are expected to return given the risk
> they take.  The ratings are on a scale of 1 to 5 and are only 
> applied to funds which have a 3-year history (thus all the NA entries).
> 
> Hope that helps!


	Which way does the scale go? Is a '1' better than a '5' rating? Or
the other way arround?


-- 
!	Jim  Halpin
!	halpin@turkey.sw.stratus.com
!	Marlboro, MA
!
From: chang-mark-yan-ming@CS.YALE.EDU (Mark Yan-Ming Chang)
Newsgroups: misc.invest
Subject: Re: Morningstar ratings (part 3/3)
Date: 29 Jul 92 17:33:03 GMT
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158


What is used to do the ratings? Total return for a given period? How long?
Is the load counted in?
I assume 5 is better than 4, better than 3, etc.

-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: Charles J. Givens
Originator: dodson@bach.convex.com
Reply-To: dodson@convex.COM (Dave Dodson)
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
Date: Wed, 22 Jul 1992 18:06:12 GMT
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 <1992Jul22.120412.14061@husc13.harvard.edu> jdavis@husc13.harvard.edu writes:
>This is dangerous!!!  Insurance companies are not stupid.  If they're
>giving you the option of increasing your deductable, then it's probably not
>a good thing for you to do.  I know that there are some cases where you
>want a high deductable (if you can't *afford* to pay the higher insurance,
>for example), but if you get in a car accident or whatever, rest assured
>that this strategy will have cost you money, not saved you money.  With a
>$500 deductable, you effectively have *no insurance* for an insured
>accident that costs $500 to fix.

It depends on what you use insurance for.  I use insurance to protect me
from big expenses, like replacing my car, rather than using it for things
that cost relatively little, like replacing a dented bumper.  If you are
cutting it so thin that the difference between a $250 accident and a $500
is really significant to you, then you have problems that insurance won't
solve.

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
From: kimbo@tc.fluke.COM (Kim R. Boyer)
Newsgroups: misc.invest.real-estate
Subject: Re: Books/Mags on home repairing
Date: 21 Jul 92 15:27:22 GMT
Distribution: usa
Organization: John Fluke Mfg. Co., Inc., Everett, WA

amar@Data-IO.COM (Amar Chawla) writes:

>It is a pleasure to subscribe to a News group in real-estate investing.

>I am planning to buy a house which needs repair and fixing up.  Could
>any of you out there tell me if there are any magazines or books which 
>might make me literate in home repairing.  What else can I do to gain 
>experience in repairing before I buy this house?  


I've always found the Time-Life series of books on Home Improvement and
the series on Home Repairs (Fix It Yourself?) to be very useful.  They
are well illustrated and usually have enough info. to get you started.
Or, more importantly, enough CONFIDENCE to get you started!



      ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
      +  Kim Boyer,  Sr. Product Planner                           +
      +  Domain:      kimbo@tc.fluke.COM    Compuserve:  76637,162 +
      +  UUCP:        {uw-beaver,microsof,sun}!fluke!kimbo	   +
      +  Voice:       (206) 356-5873    FAX:  (206) 356-5108	   +
      +  US Mail:      John Fluke Mfg. Co., Inc.,  M/S 266D        +
      +   	       P.O. Box 9090,  Everett, WA 98206           + 
      ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 
Newsgroups: misc.invest.real-estate
From: rogerv@sco.COM (Roger Vortman)
Subject: Re: Need Info on Appraisal
Organization: The Santa Cruz Operation, Inc.
Distribution: usa
Date: Tue, 28 Jul 1992 20:09:22 GMT


>>Does the potential buy generally get a copy of the appraisal report (that
>>they paid for)?  

>>Do they generally get the report during escrow or at the closing?

>You only get a copy IF YOUR purchase contract stipulates that you get a
>copy if you paid for it....But if the banks pay for it...it's theirs appraisal
>report until you 'refund' them the 'bank appraisor's fee'...but at this
>point you usually have gotten a loan anyway...so you may or may not
>care about the appraisal...
>bank didn't have the money to lend you or "you didn't qualify'...

>Bottom line, put it into the purchase contract and at a minimum, put it
>in as part of the escrow instructions if you want a copy of 'anything'.

>Generally, NO, you do not get a copy if they get the appraisal done, as
>opposed to your paying an independent appraisor.

I heard something about this recently...there is apparently a Federal law
that if a buyer pays for an appraisal, they have the right to a copy.  It is
largely ignored by financial institutions, but if you act informed and
refer to the fact that there is a Federal law you should be able to get
a copy.  The state of California has (or will shortly) also passed a law in
this area, forcing financial institutions to provide a copy of an appraisal
paid for by a buyer.  I don't know all the details about this, since it
was a short blurb on the radio news, but this area is covered by legislation,
so you should be able to get a copy of your appraisal.

Personally, I have had three experiences in this area.  Two where I paid for
the appraisal, and asked the appraisors directly for a copy of the appraisal.
Both were glad to oblige, and sent me a copy as soon as it was completed.
The other time, the bank had the appraisal done, and I could not get a copy.
But in the case where I didn't pay, the loan agent told me that the amount
of the appraisal came in at exactly the amount of the agreed price...what
a coincidence...I didn't even pursue getting a copy when I heard that, since
it sounded more like a rubber stamp on the loan than a well researched and
thought out appraisal.

-Roger
From: doernber@hpl-opus.hpl.hp.com (Joey Doernberg)
Date: Tue, 28 Jul 1992 17:16:24 GMT
Subject: GREAT refinancing rates/terms
Organization: HP Labs, High Speed Electronics Dept., Palo Alto, CA
Newsgroups: misc.invest.real-estate

You may have seen my previous posting extolling the virutes of
financing a house through Pacific Fidelity Mortgage Co. 
in Palo Alto, (415) 321-3333.  They did a great job when I bought the 
house a year ago.

Recently I just refinanced with them.  Although my situation was a 
bit complicated Pacific Fidelity was able to get me a loan easily, 
quickly, and their rates are GREAT.  I would highly recommend going 
to them.  Their biggest advantage is in getting a ***very LOW rate*** 
with LOW (read that as NO) points.  They can get loans that save you
money and without any cost to you.

I am not affiliated in with Pacific Fidelity Mortgage.
They just made this re-fi easy, and saved me a bundle of money.

---------------------------------------------------------------------
|	  @..@    	Joey Doernberg
|	 (----)  	joey@hpl-opus.hpl.hp.com
|	< I  I >	(415) 857-6315
|	  "  "	
---------------------------------------------------------------------
From: marcos@pdx047 (Marcos O. Camargo)
Subject: Re: One Man's Survey of Recent San Francisco Home Prices
Organization: Intel Corp., Hillsboro, Oregon
Distribution: usa
Date: Tue, 28 Jul 1992 16:01:58 GMT

In article <152527INNq9c@agate.berkeley.edu> markh@sag4.ssl.berkeley.edu (Mark Hurwitz) writes:
>
>On the other hand, do you have only a 3.5-hour drive to reach fine ski areas?
 Yes, Mt. Hood and Mt. Batchelor (Bend).

>Are you 20 minutes away from a gorgeous sea coast?
 1 hour from gorgeous beaches.
>
>Are you an hour from world-class vineyards and wine makers?
 Vineyards, orchards, beautiful countryside all around.

>Does it get hot and sticky where you are?  Are there mosquitoes?
 No
>
>I am not putting down the world beyond California.
 I am putting down California beyond Oregon.

Oregon is affordable, beautiful, but please don't move in.




-- 
Marcos O. Camargo             |  e-mail:  marcos@ichips.intel.com
Intel Corp.  JF1-19           |  phone :  (503) 696-4273
5200 N.E. Elam Young Parkway  |  FAX   :  (503) 681-9017
Hillsboro, Oregon  97124      |
From: ben@bailey.UUCP (Ben Bailey)
Subject: Re: is buyer - agent agreement necessary?
Newsgroups: misc.invest.real-estate
Date: 21 Jul 92 02:34:12 GMT
Distribution: usa
Organization: Ben Bailey's Home..Tampa Fl.

sutter@calvin.usc.edu (Carl Sutter) writes:
> In article <1992Jul20.200600.2967@rice.edu> rep@is.rice.edu (Robert Pietsch) writes:
> >A Real-estate agent works for the seller not the buyer. 
> >In fact.... if you tell the agent you will go as high as $xxx,xxx.00
> >he/she is obligated to tell the owner.
> 
> I've received a couple of replies to this effect.  I guess it's not clear
> to me who my agent represents, since he is mostly showing me houses that
> are not being sold by his company.  If I decide to buy a place being listed
> by another agent, I was assuming my agent would bargain on my behalf.
> Is that right, or do both agents work for the seller at that point?

It is WRONG WRONG WRONG!  You have too much 'common sense'.  It's exactly
the one thing that most transactions count on; the buyer thinks that this
realtor that they've ridden around with and gotten friendly with is 
working for them.  The realtor works for the SELLER, regardless of who
contacts him.

I suggest that you take some time to look into this matter (as you are doing
via the net), but also look into some books at the library.  Also contact
a lawyer!  That consulting fee to the lawyer won't be very expensive, and
he can set you straight....and he WILL be looking out for your best interest.

I know people don't want to see a lawyer, but when you are spending big
bucks and don't know the subject, it's too easy to fall prey to a wolf
in sheep's clothing.  The cost of the lawyer is the cost of education.


--
Ben Bailey                 ben@bailey.uucp -- bailey!ben@uunet.uu.net
12210 Shady Forest Dr.     ben@bailey.tscs.com
Riverview, Fl. 33569       -- A programmer without his computer is like a 
813-677-5021                  boy without his dog.
Newsgroups: misc.invest.real-estate
From: macrakis@osf.org (Stavros Macrakis)
Subject: Re: Need Info on Appraisal
Organization: OSF Research Institute
Date: 30 Jul 92 16:13:40

In article <1992Jul30.182626.12008@usenet.ins.cwru.edu> bd670@cleveland.Freenet.Edu (Russell I. Dyreng) writes:

   ...the bank wanted me to sign a statement... that my copy
   of the appraisal was for my own personal information and that I
   agreed not to use the appraisal for any purpose...

You might interpret an appraisal as a guarantee that a house is worth
$X.  If you later try to sell, and can't get that much, you might want
to claim that the appraisal misled you into making a bad deal.  The
purpose of the statement might be to protect the appraiser from such a
claim.

	-s
Newsgroups: misc.invest.real-estate,misc.consumers,misc.consumers.house,misc.legal
From: stgprao@xing.unocal.com (Richard Ottolini)
Subject: Re: Repost question about refinancing
Originator: stgprao@xing
Organization: Unocal Corporation
Date: Mon, 27 Jul 1992 19:53:19 GMT


Another approach in future cases is to get a firm price quote in writing
before committing to refinancing.  The standard boilerplate contracts
contain many clauses in the fine print favorable to the lender.
If the lender can jack up costs, there is a fair chance they will.
Because it is a lender's market, you might have trouble finding a lender
than will give you a custom contract.
Newsgroups: misc.invest.real-estate
From: adwright@iastate.edu ()
Subject: note buyers
Organization: Iowa State University, Ames IA
Date: Tue, 21 Jul 1992 17:32:46 GMT

I am interested in getting E-mail from investors who buy notes
secured by real estate.
Allen


Newsgroups: misc.invest.real-estate,misc.invest,misc.consumers
From: rgarg@tellabs.com (Rajesh Garg)
Subject: Re: Mortgage rates (Refinance Rates).
Organization: T
Date: Mon, 27 Jul 1992 22:01:28 GMT

In article <1992Jul23.175748.23132) writes:
>
>
>15 YEARS Fixed rate at 7.75% with 0 points.
>
>The name of the company is Century Mortgage.  Telephone number is
>(708)369-1900. I talked to Ken Derickson.
>
>Please, do some more research. Do not take my word for it. At least
>you have some basis to compare rates from other companies. Give me call
>if I can answer any basic questions. 
>
>

Their service is alright.

Newsgroups: misc.invest.real-estate
From: scotty@flash.ATC.Olivetti.Com (Scott Griffin)
Newsgroups: misc.invest.real-estate
Subject: Re: mortgage interest rates
Summary: Interest Rate Locks
Date: 23 Jul 92 18:53:37 GMT


The way that a mortgage broker explained the locking of interest rates is
the very shortest lock is for 10 or 15 days.  This is very close to the 
current rate.  If you wish to lock for a longer period you will have to pay
a premium over the current rate.  You pay the premium because the bank takes 
risk that the rates will rise after you lock in your rate.  So one shouldn't 
expect to get the competitive current rate for a 30 or 60 day lock-in.  

If the rate goes up too far from the rate you are locked in for,  its no big
deal for the bank because the they don't HAVE to give you the loan.  The 
underwriter can simply reject your package for some technical issue and you 
are thrown out on the street to get a loan at the current rate.   

So rate locks are really a false sense of security in bad case scenereo.  If
you are locked in for %8 and in 30 days long bonds go to %9 you're hosed. 
You will be renegotiating points and or rate with the lender. 
Ya make yer choices and take yer chances.  Hey isn't that what investing is
all about?  :-))


Scott

This is my opinion and not Olivettis.  


Newsgroups: misc.invest.real-estate
From: wicklund@intellistor.com (Tom Wicklund)
Subject: Re: Mortgage rate locking info
Organization: Intellistor, Inc.
Distribution: usa
Date: Thu, 30 Jul 92 19:38:35 GMT

In <1992Jul30.153259.28710@usenet.ins.cwru.edu> bd670@cleveland.Freenet.Edu (Russell I. Dyreng) writes:

>Regarding locking in at a given interest rate and then the rate 
>dropping prior to closing.  If the rate drop occurs  at a point
>in time when you are  near the end of your lock period you could 
>just delay the closing and let the lock expire.  Once the lock is 
>up you are free now to lock in at the new, lower rate.  As long 
>as you stay with the same company you won't lose  the money
>that you have spent in fees.

Check your lock agreement first -- some will specifically state that
if the lock expires for no fault of the mortgage company (e.g. you let
it expire) you get the higher of your old lock rate or current rates.
They specifically exempt re-locking at a lower rate.
Newsgroups: misc.invest.real-estate