HDTenEightyP/NetNews huggingface dataset:
From: ed@odi.com (Ed Schwalenberg)
Subject: Re: Another question
Organization: Object Design, Inc.
Date: Fri, 20 Nov 92 15:08:41 GMT

In article <1992Nov20.005720.27678@netcom.com> sbale@netcom.com (Swamy S. Bale) writes:
  A person( family) can have a decent living standards for $50000/year.
  (this is just an assumption). After 30 years, and after adjusting to
  inflation, how much do you think that family need per year to 
  maintain the same living standards?

  Is there any formula for calculating the income needed? Also would like
  to know average yearly inflation for the past 30 years.

It's far easier to just do your calculations in today's dollars, and look
at yields NET OF INFLATION rather than gross yields.  For example, money
market funds typically return around 0% net of inflation, short term bonds
1 or 2 percent, long term bonds 3%, stocks 5% to 9% if you're lucky.
Newsgroups: misc.invest
From: cs101a64@eng-nxt04.cso.uiuc.edu (cs101 student)
Subject: Re: Beginner questions -- where can we go for help?
Organization: University of Illinois at Urbana
Date: Fri, 20 Nov 1992 21:09:38 GMT

In article <BxxJzG.A1r@news.fai.com> flake@flakes.ossi.com (Christopher  
Flake) writes:
> Hello,
> 
> It seems my wife and I have money *sitting* in our checking account.
> 
> Neither of us have MBA's and neither of us have the time or desire to
> study-up on all the ins and outs of investing.
> 
> We think we want something like an Investment Advisory Service --
> hopefully one which charges an hourly-based rather than percentage
> based fee.  Is there such a thing?  And are there any recommendations
> for one in the southern SF Bay Area?
> 
> What advise do you have for beginner investors?
> 
> Thanks,
> 
> 
> Chris
> 
> 
> Reply to: flake@ossi.com -- I will summarize if I get sufficient  
response.  I had
> hoped to find an answer in the FAQ (in this case, First Asked  
Questions).
> 
> 
Do NOT leave your money sitting in a checking account.  Instead, use a  
MONEY MARKET FUND.  Your checking account pays no more than about 2%  
interest (maybe even none).  Also, it is only as safe as the bank behind  
it, which may have made risky leveraged buyout loans.  A money market fund  
can only make loans only to borrowers of top-notch credit quality (like  
the U.S. government and AAA-rated corporations).  The maturities are  
extremely short (Currently the average is a record high of 65 days.   
During periods of rising interest rates, maturities average under 40  
days.).  ABSOLUTELY NOBODY has ever lost money in a money market fund  
during their ENTIRE 20-year history.  Yet in spite of this, money market  
funds have relatively competitive yields and can't be beaten by banks for  
yield or safety.  Check your library for books by William Donoghue,  
spokesperson for the money fund industry.
From: joe@astro.as.utexas.edu (Joe Wang)
Newsgroups: misc.invest
Subject: Re: Long-term invests for college stdnt?
Date: 18 Nov 92 03:18:58 GMT
Organization: McDonald Observatory, University of Texas @ Austin

In article <1992Nov11.184912.4038@memstvx1.memst.edu> langston@memstvx1.memst.edu (Mark C. Langston) writes:
>What I would like to know is,
>is there a cheap, easy way for someone on a very limited income to make long
>term investments in stocks and/or bonds? (I'm talking about someone who might
>have roughly $100.00 per month available...I _told_ you I was poor...that's
>25% of my net monthly income)

Yes.  The Janus Family of mutual funds will let you open an account
with any amount provided you invest at least $50 a month in that account.
Starting in January, the Twentieth Century family of mutual funds will also
follow the same rules.  Finally, there is the Berger Group of mutual funds
which has a minimum initial investment of $250.  

To get information on investing in these places by calling

1-800-525-3713 Janus Fund
1-800-345-2021 Twentieth Century
1-800-333-1001 Berger Group

Also, if you have $1000 salted away, you meet the minimum initial
investment for a whole host of other mutual funds.  You can get their
800 numbers by going to the library and looking up the latest issues
of "Money" or "Kiplinger's Personal Finance."

>Any help would be appreciated... I'd actually like to have a somewhat
>financially trouble-free life...

Janus and 20th century have a whole line of mutual funds to let you
choose what risk/reward level you feel comfortable with.
From: rmandel@bu.edu (Richard Mandel)
Newsgroups: misc.invest
Subject: Re: TELEBRAS
Date: 23 Nov 92 14:42:31 GMT
X-Newsreader: Tin 1.1 PL5

Several months ago I was interested in purchasing Telebras based on a 
recommendation of a friend who is an international economist and the
recommendation of his friend who was a Brazilian economist.  At the
time I was not able to purchase the stock because it was not tradable in
the US.  The company had not filed and apparently was not willing to
file the necessary disclosures and financial data necessary for trading
in the USA.  Has this changed?  Who is the borker who recommended it?
What information had he given you about it?  Please send on any info
you may have about it?  The trading price a few months ago was around
13 a share so it certainly has not had much of a move.  Thanks

-------------------------------------------------------------------------------
Richard Mandel                      |      E-mail address: rmandel@acs.bu.edu
Department of Pathology             |            Phone No: 617-638-4512
Boston Univ. School of Medicine     |              Fax No: 617-638-4085
80 E. Concord St                    |
Boston, MA 02118                    |
-------------------------------------------------------------------------------
 






































Newsgroups: misc.invest,misc.kids,misc.taxes
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Savings Bonds for College
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Fri, 20 Nov 1992 20:50:41 GMT

In article <1992Nov20.174735.26740@unocal.com> stgprao@st.unocal.COM (Richard Ottolini) writes:
>In article <harvey.722208572@taupe> harvey@rtsg.mot.com (Anne M. Harvey) writes:
>Not a whole lot of difference.  The tax regulations assume a child's account
>is a tax shelter for parents or grandparents, so any amount of income over
>$1000 is taxed at the parent's rate, i.e. effectively added to the parent's
>income. 

Technically it is taxed at the higher of the parents or child's
rates.  If the parents are unemployed by the child is a highly paid
movie star, then the child's income will be taxed at the child's
rate.  If your child isn't at a higher rate than you, forget this.


>Instruments that defer taxble income until the child becomes an
>adult could be preferrable.  These include zero-coupon bonds, direct stocks
>opposed to mutual funds.

Income from US series EE Savings Bonds is deferable!

Mutual fund income is not, but their NAV growth is.

Stock dividends are income each year; their NAV growth is not income
until realized.

Zero Coupon bond interest is NOT deferable either.  The annualized
imputed interest on a zero must be declared as income each year.
See the FAQ on Zeroes.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
Subject: Commercial stock price databases
From: lebowitz@krypton.Mankato.MSUS.EDU (Robert J. Lebowitz)
Date: 19 Nov 92 15:19:30
Distribution: misc
Organization: Mankato State University

What firms offer access to stock prices current and historical for stock
analysis purposes?  Which of these firms has the best services?
--
Robert J. Lebowitz           Internet         lebowitz@krypton.mankato.msus.edu
Mankato State University     VOX              (507) 389-2540
Mankato MN 56002-8400
From: pcollac@pyrnova.mis.pyramid.com (Paul Collacchi)
Newsgroups: misc.invest
Subject: Wanted:  FAQ on stock market index funds
Date: 19 Nov 92 23:34:46 GMT
Reply-To: pcollac@pyrnova.mis.pyramid.com (Paul Collacchi)
Distribution: usa
Organization: Pyramid Technologies, Mt. View, California.

I would appreciate any information about stock market index funds in
general and actual funds in specific.

Paul Collacchi
Newsgroups: misc.invest
From: drhall1@pbhya.PacBell.COM (Doug R. Hall)
Subject: Re: ***BUY HARKEN ENERGY (HEC) NOW!!!!!
Reply-To: drhall1@PacBell.COM (Doug R. Hall)
Organization: Pacific * Bell, San Ramon, CA
Date: Fri, 20 Nov 1992 14:00:26 GMT

In article <8190151@hpfcso.FC.HP.COM> dp@hpfcso.FC.HP.COM (David Pinedo) writes:
>In misc.invest, 13501TMC@MSU (Tim Casey) writes:
>
>>      If you watch this one close, you'll be ok. My broker has been to Harken
>> conferences and has met the president. The stock is very low, so it can't
>> fall very far; PLUS it has just acuired an exclusive six month contract to
>> drill in natural gas rich Venezalia. Oh, I forgot to add, my broker has
>> invested in this stock and so has a great majority of his clients. I would
>>  not let this opportunity go. TELL ALL YOUR FRIENDS ABOUT THIS AND LOOK IN
>> TO THIS STOCK. /tmc
>
>This posting almost sounds like he's trying to increase the price of the
>stock by increasing the demand.
>
>David Pinedo
>dp@fc.hp.com

People only try to do that with loser stocks. He said this wasn't a loser. :):)
From: demon@desire.wright.edu (Stupendous Man)
Newsgroups: misc.invest
Subject: Re: Req Info on PACIFIC BROKERAGE SERVICES
Date: 19 Nov 92 16:00:34 EST
Organization: Demonic Possesions, Inc.

In article <1992Nov18.101434.733@hls.com>, franks@hls.com writes:
> Hello,
> I was thinking of using "PACIFIC BROKERACE SERVICES, INC" of Los Angeles
> as my discount broker. Has anyone heard any good or bad news about this
> firm. 

	I've used them for a while now, and they are pretty good.  The price is
great ($28 for any priced 100 share trade).  The 800 number response is
reasonable, but the regular (toll) number has faster initial response.  (But
you may still get put on hold :).

	No problems yet....

Brett
===============================================================================
80s: 18 million new jobs, deficits down (%GNP), tax rates down, tax revenues up
GNP up, inflation down, unemployment down, interest rates down, cold war won
-------------------------------------------------------------------------------
Newsgroups: misc.invest,misc.taxes
From: sdl@linus.mitre.org (Steven D. Litvintchouk)
Subject: Re: Long-term invests for college stdnt?
Organization: The MITRE Corporation, Bedford, MA
Date: Mon, 16 Nov 1992 21:33:33 GMT


In article <1992Nov11.184912.4038@memstvx1.memst.edu> langston@memstvx1.memst.edu (Mark C. Langston) writes:

>   I'm not looking for advice on budget, saving, etc... I can find that anywhere
> and is too trivial...I can look it up myself.  What I would like to know is,
> is there a cheap, easy way for someone on a very limited income to make long
> term investments in stocks and/or bonds? (I'm talking about someone who might
> have roughly $100.00 per month available...I _told_ you I was poor...that's
> 25% of my net monthly income)

Is the purpose of saving this money to pay off your debts?  Or can you
pay off your debts from other sources?

Over the long haul, stocks have returned roughly 12% annual return.
But it's unknown whether you will get that until your debts come due.
So you must consider whether the interest is accumulating on your
debts to the point that you would be better off paying down your debts
with the $100/month, rather than investing it elsewhere.

If you can afford to invest the $100/month while still paying off your
debts with other money, then you are not badly off for someone just
out of college.  In that case, you should invest in a mutual fund family
that provides both a stock equity fund, and a money market fund, and
allows you to switch between them via a telephone call.  Some mutual
funds have no minimum investment requirement, and many allow you to
make continuing investments as little as $100 each time.  (If not, you
can always accumulate the amounts you need in a bank checking account
and then make an investment by check.)  The best stock mutual funds
outperform the market by wide margins.  A money market fund lets you
write checks against it for $500 or more, while still earning good
interest.

Also, you didn't say what you would be doing once you got out of
college.  If your employer offers a 401(k) or 403(b) salary reduction
plan, then you can invest more (since it comes off your gross income).
Ditto if you open an IRA and can qualify for the tax deduction.

With a good timing strategy (switching among good stock funds, money
market funds, etc., as the financial climate warrants) you can
conceivably earn much more than the 12% per year of sticking with
stocks alone.  18% per year is quite conceivable.  At that rate, each
$1000 invested today would grow to $143,000 in 30 years.



--
Steven Litvintchouk
MITRE Corporation
202 Burlington Road
Bedford, MA  01730

Fone:  (617)271-7753
ARPA:  sdl@mitre.org
UUCP:  linus!sdl
	"Where does he get those wonderful toys?"
Newsgroups: misc.invest
From: cs101a64@eng-nxt04.cso.uiuc.edu (cs101 student)
Subject: Re: How to Protect Capital Gains?
Organization: University of Illinois at Urbana
Distribution: usa
Date: Fri, 20 Nov 1992 20:52:32 GMT

In article <1992Nov20.152817.28330@netcom.com> girisha@netcom.com (Girish  
Andalkar) writes:
> For a change I will have a good deal of Capital Gains for this
> year.  I prefer to take the gains in next year for tax purposes.
> What are the workable sceams, solutions that "gaurentee" that
> the paper profits do not evaporate.  Please elaborate in detail
> the pros and cons.
> 
> I am aware (very little) of "Selling Short" what you own to make
> sure that the gains do not disappear.  But I do not want to loose
> (greedy) further appreciation that is likely.  Also, if I sell
> it short now, the money I will get now, will have to be 
> accounted for somehow for taxes.  As you can see, I am all confused.
> 
> I am willing to spend little money if "Options" is a workable
> alternative.  Again, I do not know much about options.
> 
> Please help.  I am sure many of our friends have similar problems.
> 
> Thanks in advance.
> 
> GIrish
>  
If you made money, don't worry so much about taxes.  The techniques you  
mention are called hedging.  Hedging is complicated and costs money in  
commissions (also, options expire worthless after a certain period of  
time).  Just place a sell order to your broker.  I would rather just take  
my capital gains and run if I believe my stock will drop.
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Borland International?
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Wed, 18 Nov 1992 05:10:30 GMT

chin@hpcc01.corp.hp.com (Frederick Chin) writes:

>Borland International's stock is pretty low now.  Anyone have
>any idea why?  Also, is it a good buy or not...

In today's (Tuesday, Nov 17/92) Wall Street Journal,
there was a note about Borland going down because 
Microsoft came out with Access, a database product
that will compete with Borland's database product.
They mentioned Borland currently has 60% of the market in this
area (I assume for PC database products) and the stock
went down because people felt that Microsoft would cut
into Borland's market share.

That may be an explanation for today's dip.
I don't know how it got so low in the first place - 
I think someone posted a note about a delay and
problems with Quattro.

-Larry Watanabe	watanabe@cs.uiuc.edu


Newsgroups: misc.invest
From: federkin@rtsg.mot.com (John Federkins)
Subject: Re: 10 Highest Yielding Dow Stocks
Organization: Motorola Inc., Cellular Infrastructure Group
Distribution: usa
Date: Wed, 18 Nov 1992 23:22:47 GMT

pjweaver@ralvm29.vnet.ibm.com (Paul Weaver) writes:

>In article <1992Nov17.020028.1483@murdoch.acc.Virginia.EDU>, pmd@uvacs.cs.Virginia.EDU (Phil Dickens) writes:
>|> I have been interested in the idea of buying the 10 highest
>|> yielding Dow stocks and holding for a year.

>If you are simply looking for a fund that is income producing, I would instead
>look for a no-load fund from 20th Century, Fidelity, Vanguard, etc. You don't
>need to have the top 10 Dow stocks in order to produce good income. And in fact
>you'll probably do better without them.

Paul, check out the book "Beating the Dow" and I think you'll find out
where Phil is coming from.

-JF

-- 
------------------------------------------------------------------------
   "The sooner you fall behind, the more time you have to catch up!"
John Federkins				Cellular Infrastructure Division
Motorola, Inc.				Arlington Heights, IL
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Writing options
Organization: TRW, INC.
Date: Fri, 20 Nov 1992 00:22:37 GMT

In article <Bxxz46.CoM@news.cso.uiuc.edu> cs101a64@eng-nxt01.cso.uiuc.edu (cs101 student) writes:
>In article <sf0xNz70Bwx58D1FB0@transarc.com>  writes:
>> So say I have 1000 shares of USAir and I want to write call options
	[Deletions.  mes]
>> how do I compute the cost of each option, for which month should
>> I write it for? is it worth it to write a smaller block or am
>> I just going to pay per contract?
>> 
>Don't mess around in the futures market.  It is hopelessly complicated.   

We aren't talking about futures here, we're talking options.

You can get an estimate of the price by looking in the options section
of the newspaper.  Option prices are frequently volatile and you need to
call your broker for an exact quote.

The customary calculations are to figure your return if the option
expires worthlessly including commissions, and also to figure your
return if the option is exercised.  Include the stock transaction profit
in the exercised return.  Try this for various months and option prices.
See if any of them seem OK to you.  Be sure to annualize the returns for
comparison purposes.  The Barron's column, The Striking Price, usually
has a few "buy/write" suggestions.  Buy/write means that you don't own
the stock but are going to purchase it specifically for the covered
write option strategy.

If you do a covered write and the option is nearing expiration but
still out of the money, you might consider purchasing the options back
(closing the position).  This reduces your profit slightly, but avoids
the inconvenience of being exercised and allows you to do another
write.  Since the stock is near the strike price, the time premium will
be fairly good.  If you don't plan to do another write, you might
regard it as insurance against a tender offer for the stock appearing
and having the stock jump up 10 points or so.  With the
merger/acquisition mania fairly well cooled down, this is a less likely
possibility.

Finally, if you are nearing the end of the time and the option is somewhat
in the money, you can consider purchasing the options and writing new
ones.  The portion of the purchase price which makes up the in-the-money
component can be recovered by a new write.

The other comments previously posted have been well put, IMHO.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: 10 Highest Yielding Dow Stocks
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: usa
Date: Wed, 18 Nov 1992 21:55:36 GMT

blean@rwb.esd.sgi.com (Bob Blean) writes:

>Note, by the way, that there is a well-known book out that advocates
>buying the highest yielding Dow stocks.  It adjusts its portfolio once
>per year.

>Naturally, it claims superior returns.  When I looked closely at their
>figures, and added in an adjustment for annual taxes (since they trade once
>a year), their returns became rather ordinary.

You could adjust your portfolio every 366 days, thus making all
gains long-term.

Any other strategy (except for things like tax-exempty munis)
would also eventually have to pay taxes
as well, so the high-yield strategy doesn't seem to suffer 
from any disadvantage on this account.


-Larry Watanabe watanabe@cs.uiuc.edu
Newsgroups: misc.invest
From: broger@bnr.ca (Roger Balakrishnan)
Subject: Information wanted ...
Reply-To: broger@bnr.ca (Roger Balakrishnan)
Organization: Bell-Northern Research Ltd.
Date: Wed, 18 Nov 92 16:25:33 GMT


Does anyone have any information on any of the
following companies stock: cyrix, approach inc.
creative inc.


thanks.
Newsgroups: misc.invest
From: pmd@uvacs.cs.Virginia.EDU (Phil Dickens)
Subject: 10 Highest Yielding Dow Stocks
Originator: pmd@koa.cs.Virginia.EDU
Organization: University of Virginia Computer Science Department
Distribution: usa
Date: Tue, 17 Nov 1992 02:00:28 GMT

I have been interested in the idea of buying the 10 highest
yielding Dow stocks and holding for a year. Unfortunately,
I don't have the cash to buy 100 shares (or any reasonable
facsimile thereof) of each such stock. My question is this:
Merill Lynch has a fund which does buy the 10 top yielding Dow
stocks and I could buy a piece of that. Of course the drawback
is the 2.75% sales charge, plus some unclear (to me anyway)
"management charges" (I think on the order of .1%).
Does this sales charge seem unreasonable to fellow netters??
Is there some other fund that does this for a lot less??
Does this idea seem reasonable?? 

Any comments greatly appreciated.

Thanks,

Phil Dickens
From: dp@hpfcso.FC.HP.COM (David Pinedo)
Date: Wed, 18 Nov 1992 19:19:29 GMT
Subject: Re: ***BUY HARKEN ENERGY (HEC) NOW!!!!!
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, 13501TMC@MSU (Tim Casey) writes:

>      If you watch this one close, you'll be ok. My broker has been to Harken
> conferences and has met the president. The stock is very low, so it can't
> fall very far; PLUS it has just acuired an exclusive six month contract to
> drill in natural gas rich Venezalia. Oh, I forgot to add, my broker has
> invested in this stock and so has a great majority of his clients. I would
>  not let this opportunity go. TELL ALL YOUR FRIENDS ABOUT THIS AND LOOK IN
> TO THIS STOCK. /tmc

This posting almost sounds like he's trying to increase the price of the
stock by increasing the demand.

David Pinedo
dp@fc.hp.com
Newsgroups: misc.invest
From: geopi@cbnewsh.cb.att.com (george.p.cotsonas)
Subject: Re: closed end fund trading prices
Organization: AT&T
Distribution: usa
Date: Thu, 19 Nov 1992 22:16:02 GMT
Keywords: closed-end funds israel

In article <1992Nov19.001723.6898@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
> 
> First Israel Fund (ISL - NYSE) went public @ $15 [and]
> dropped to around $13+ within a day or two, which is usual with
> closed end funds.

Why is this?  And can someone shed some light on why closed end funds
might trade at heavy discounts to NAV?
-- 
George P. Cotsonas
AT&T BL/CPL
att!hocpa!geopi
Organization: Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Wed, 18 Nov 1992 17:06:30 -0500 
From: Mark Jakubowycz <mj00+@andrew.cmu.edu>
Subject: Re: Ruble futures market info?

>Now that the Soviet Union's gone and the Russian economy is opening up
>(it hopes) to foreign investors, where might one get some information
>about a rubles futures market?
> 
>Does one exist? How does one find a broker?


No there is no futures market on rubles. No there will not be one in the
near future. The currency isn't even stable. It is govenment controlled.
There is no futures market on many more reputable currencies. There
won't be any on the ruble for a long time.
             [                        |    A boat is a hole in   ]
             [   Mark Jakubowycz      |    the water surrounded  ]
             [ (mj00+@andrew.cmu.edu) |    wood into which one   ]
             [                        |    throws money.         ]

Newsgroups: misc.invest,misc.kids,misc.taxes