HDTenEightyP/NetNews huggingface dataset:
From: larry@boris.webo.dg.com (Larry Rogers)
Subject: Re: Money Stinks for Stock Advice, was Investment magazines
Date: 8 Jan 93 12:26:37
Distribution: usa
	<1993Jan7.181511.29363@88open.ORG> <1993Jan8.153035.3243@cbnewsj.cb.att.com>
Organization: Data General, Westboro, Mass.


Well I let my subscription run out after all the good advice I got
from the mag on stocks.  They had a winning record in 1992?  Maybe.
But what was the total return.  If Sprint went up 22% but one of their
losers went down 50%, they did not do too well.  I have picked some
winners and losers, but at this point in time my losers are ahead of
the winners.  Two of the losers came from Money magazine.  None of the
winners did.

If you see a recommendation in Money, hold off until you at least see
it mentioned in one more pub.

Cheers, Larry
--
    @@               Larry Rogers               *
   @@@               Larry_Rogers@dg.com        *   Big Brother
   @@@ &&&           larry@boris.webo.dg.com    *   is Watching
    @@ &&            Data General  508-870-8441 * 

The opinions contained herein are my own, and do not reflect the
opinions of Data General or anyone else, but they should.

"Sometimes we are the windshield, sometimes we are the bug"
   Dire Straits
Newsgroups: misc.invest
From: rjc@cbnewsf.cb.att.com (robert.cook)
Subject: Dorfman? Anyone follow his recomendations?
Organization: AT&T
Distribution: usa
Date: Wed, 6 Jan 1993 16:04:05 GMT

   this morning Dorfman said Waste Management Had major insider selling.
Having spoken with an employee on the plane during Christmas, seemed like
the thing to do.  So I sold my kids 10 shares. 

Questions are: has anyone followed Dorfman's track record? How reliable
does insider trading tend to be?

TNKS - Robert
Newsgroups: misc.invest
From: philco@microsoft.com (Phillip Cooper)
Subject: Re: Dorfman? Anyone follow his recomendations?
Date: 07 Jan 93 18:39:57 GMT
Organization: Microsoft Corporation
Distribution: usa

In article <1993Jan6.160405.29656@cbfsb.cb.att.com> rjc@cbnewsf.cb.att.com (robert.cook) writes:
>   this morning Dorfman said Waste Management Had major insider selling.
>Having spoken with an employee on the plane during Christmas, seemed like
>the thing to do.  So I sold my kids 10 shares. 
>
>Questions are: has anyone followed Dorfman's track record? How reliable
>does insider trading tend to be?
>
>TNKS - Robert

Peter Lynch says that he considers insider selling information as being
nearly worthless.  The reason being that there is no way to tell *why*
they are selling.  Maybe one person is buying a house, another has two
children about to enter college, another one might have just bought his
new $80,000 dream car. 

Now, insider buying is another story.  No one is going to be buying
unless they consider it to be a good investment.  And who better to
judge that than the company insiders??

Phil Cooper 
Newsgroups: misc.invest
From: tan@aries.scs.uiuc.edu (Lian Tan)
Subject: Initial share offering
Organization: University of Illinois at Urbana
Date: Wed, 6 Jan 1993 16:20:14 GMT

Does anybody out there know where I can get a list of companies that are
offering to sell their shares for the first time?  Thanks in advance.

L.T.

Newsgroups: misc.invest
From: O10037@waccvm.corp.mot.com (Ray Hoff)
Subject: Re: Mortgage or retirement
Organization: Motorola
Date: 12 Jan 1993 12:06:32 MST

kizior@rtsg.mot.com (Paul Kizior) writes:

>I've looked at everyone's comparison of 15 yr. and 30 yr. mortgages.
>The main point that everyone is MISSING is that if you get a 30 yr.
>mortgage and put some money in an IRA or other tax-free account,
>EVERYONE is assuming that you will stay in that house for the entire
>30 yrs. !!!!  Granted, some people will but the majority will not.
>If you get a 30 yr. mortgage and stay only, say, 5-7 yrs., the amount
>you paid on the principle is very small.  Then you buy another house
>and pay closing costs and maybe a higher rate and (magically) you find
>yourself owing (on principal) possibly as much (or more) as you did 5-7 yrs.
>ago. This is a VERY important point!  When calculations and comparisons
>are done, keep in mind how long you realistically will stay in that
>house.

>I'm sure everyone knows that the first years of a 30 yr. loan most of
>the money paid is interest.  You are not reducing your principal debt.
>That is why banks LOVE to give 30 yr. loans!!!  They KNOW they will
>make lots of money on the majority of the people.

What you say is true, but for me I when I plan on selling my house in
6 - 7 years I expect to buy a more expensive home in the first place.
Thus, I will already know I will be owing more in principal on the new
house anyway.  At this point though I will still get a 30 year mortgage,
but I will be in the cash position to pay it off in 15 - 17 years ie.
in the range due to extra principal paid most months in less unforseen
circumstances arise thus I will opt to pay the normal payment.  This
allows for flexibility in payments vs. a 15 mortgage's "defined"
monthly payments.  I know a 15 year mortgage's rate would be about a
1/2 point lower, but I think the flexibilty is worth it.  I do plan on
purchasing a home at this time that I will "more than likely" pay off
unless other circumstances arise.


Newsgroups: misc.invest
From: wmc@sei.cmu.edu (Michael Caldwell)
Subject: Re: Buying stocks directly from a company
Organization: The Software Engineering Institute
Date: Tue, 5 Jan 1993 10:41:44 EST


In article <tan.726185433@aries>, tan@aries.scs.uiuc.edu (Lian Tan) writes:
|> I guess the title says it all.  Would anybody have any idea where to find
|> such a list?  Thanks in advance.
|> 
|> L.T.  
|> 

I was going to post an inquiry, but it seems to fit in with this topic.

I just received a packet of information from First Share concerning buying
stocks without commissions through dividend reinvestment/direct purchase
programs. From their literature, "First Share is a network of investors
through which members may purchase single shares of stock from other members
for the purpose of qualifying for enrollment in dividend reinvestment/direct
purchase programs (DRPs)." 

There is an initial $24 fee for a two-year membership.You must also pay First
Share a small fee ($2.50 - $4.00 per company) to arrange contact with a member
who will sell you a share. The purchase price is then negotiated between the
members with a recommended $7.50 "mark-up" to cover the sellers costs. You are
obligated to sell a share when contacted. 

It sounds to me like this would be a good way for a small investor to get
started. Does anyone have experience with First Share? Is it a
useful/reasonable arrangement?

If anyone would like the phone number for First Share, please e-mail.

Michael Caldwell
Resident Affiliate
CASE Environments Project
Software Engineering Institute
Carnegie Mellon University
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell JPL PIO)
Newsgroups: misc.invest
Subject: Re: Janus Twenty Closing to New Investors - Significance?
Date: 11 Jan 1993 19:33:27 -0800
Organization: Jet Propulsion Laboratory
Distribution: usa
NNTP-Posting-Host: elroy.jpl.nasa.gov

sbrenner@cbnewsb.cb.att.com (scott.d.brenner) writes:

>I'm invested in both the Janus Fund and the Janus Twenty Fund.  I just
>got a letter telling me that the Janus Twenty Fund will be closing to
>new investors.  As a current investor, though, I'll be able to continue
>to add to my account.

I have some Janus, and just got a letter saying that as a
company customer I have until Feb. 12 to open an account in
Janus Twenty if I want (it was closed to the public as of
Jan. 2).

The concept of the Janus Twenty portfolio is to invest in
only a few stocks (i.e. about 20).  The reason for this is
that you have greater potential for larger returns; the
more stocks you have, the more your return gets closer to
a market-wide average.  As the fund becomes larger, it
becomes more difficult to keep the portfolio that
concentrated (because there are only so many shares out
there waiting to be bought).

>I think I understand why a fund would close, but if anyone wants to give
>me his/her ideas, I'd be interested in hearing them.  My big question,
>though, is "is this a good thing or a bad thing for me, and is there
>anything I should do?"

Well, personally I'm going to buy into it; the fund is
spoken of well by the newsletter references I've seen.

Frank
frank@jplpost.jpl.nasa.gov
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Israeli and Asian stock funds
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Tue, 12 Jan 1993 00:10:05 GMT

In article <ll3j7hINNgk@exodus.Eng.Sun.COM> leons@hiroller.Eng.Sun.COM () writes:
>How does one find out about stock funds that represent a country
>or a geographical region?  For example, there is an Emerging Mexico
>Fund that trades just like a regular stock.  Are there similar
>stock funds for Israel and for Asian countries (Thailand, Singapore,
>Indonesia, Taiwan)?

First Israel Fund (ISL - NYSE) is one;  there are Singapore Fund,
Korea Fund, and several other funds for asian countries.  The
easiest place to start, if you want a closed end fund (traded on the
stock exchange) is the financial listings of the Wall Street Journal
or any paper with a good financial section.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: re: Pyramid Scams (was: Joker '88 -- the way to make money)
Date: Mon, 4 Jan 1993 17:24:31 GMT

In article <1017@rc1.vub.ac.be> rdictus@vnet3.vub.ac.be (Roy Dictus) writes:
>Joker '88 is a German financial game where the risks are minimal
>and the gains are incredible.  For every $96 investment you make,
>you stand to gain $69,984 in profits in a six-to-eighteen month
>time span.  All you have to do is find three other participants,
>and the money will start rolling in!
>
>For more information, send me a note.
>
>Roy D., rdictus@vnet3.vub.ac.be

Isn't this illegal in the US? and not "condoned" on Usenet?

barry
From: coop@sybase.com (John Cooper)
Newsgroups: misc.invest
Subject: Re: Sybase reverse split?
Date: 11 Jan 93 16:59:13 GMT
Organization: Sybase, Inc.

In article <1ig2tkINNoms@usenet.INS.CWRU.Edu> al037@cleveland.Freenet.Edu (Dave Polewka) writes:
>
>My portfolio statement for Oct. lists Sybase with a note:
>
>  "All shares with an issue date prior to 7/1/91 are subject
>   to a 1/2 reverse split.  All other shares are designated
>   as "new"."
>
>How can some shares be split and not the others?
>What happens to the stock price?
>Has this split already taken place?

What this specifically means is that shares that were in certificate form in
the hands of owners on 7/1/91, and have not since been replaced by new shares,
are subject to the reverse split and worth half the market value.  Any shares
issued since then, either as a replacement for pre-split shares or as new ones,
are at the market price per share.

Most likely this does not affect you.  Sybase had not yet gone public on
7/1/91; its IPO was in the middle of the following month.  Shares that existed
on 7/1/91 were entirely in the hands of Sybase itself, its employees and board
members, venture capitalists, and a couple of high-tech corporations that
helped finance Sybase in its startup days.  I believe any of these pre-split
shares sold thru a broker should have been changed into new shares by the
transferring agent before delivery was made to the new owners.  Therefore, your
shares should be unaffected by the split.

The reverse split is a common tool used by companies about to IPO.  When we
Sybase share and option holding employees were first warned of the possibility
of a reverse split, we were told that 75% of IPO'ing companies do this just
before the IPO.  The reason is to get the book value of individual shares high
enough to ensure an opening price that will generate mass interest and high
capital.  Apparently the market doesn't jump on IPOs of companies in which the
underwriter is influenced to set the initial price down around $5/share or
less.  I imagine that limiting the number of shares also ensures higher value
because the supply won't meet demand.

At any rate, the strategy seems to have worked for Sybase -- we opened at
13 1/2 and doubled that in six months.  Now less than a year and a half after
the IPO we are hovering in the high 40's with brief excursions over 50.


--
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,misc.taxes
From: davew@willow03.cray.com (Dave Wagner)
Subject: Re: Need advice to lower taxes
Originator: davew@willow03
Organization: Cray Research, Inc.
Distribution: usa
Date: 8 Jan 93 12:23:01 CST


In article <C0JLHE.G24@news.cso.uiuc.edu>, acheng@ncsa.uiuc.edu (Albert Cheng) writes:
> 
> This IRA matter is so confusing and such a trap.  Those rascals at
> Washington should either eliminate it all or make it open to all
> without all these IF's, BUT's.
> 
What I don't understand (and correct me if I'm wrong), is that for a normal
IRA (where you do *not* deduct the depoit's, only the interest is tax defered) -
you can only invest $2000 per yr.  But you can open as many as you want.  Is
this just a loophole that might be closed (i.e. the as many as you want).  If
not why not get rid of the limit and make everyone's paperwork easier.  
-- 
Dave Wagner                               "Tongue-tied and twisted,
davew@cray.com , uunet!cray!davew          just an earth-bound misfit, I"
(612) 683-5393                                  -- Pink Floyd
From: chedley@rigel.cs.pdx.edu (Chedley A. Aouriri)
Newsgroups: misc.invest
Subject: Re: IBM vs DEC
Summary: $40 bottom?
Date: 6 Jan 93 03:50:25 GMT
Article-I.D.: pdxgate.6657

In article <105494@bu.edu> rmandel@bu.edu (Richard Mandel) writes:
>...
>predictions for IBM are for continued declines down to perhaps 40.
>...
To the extent that every analyst and his brother is predicting 
IBM to bottom at $40 a share, I think it will not happen.
Actually IBM is probably oversold and may be due for a nice
short term bounce. And a few savvy investors think IBM is
a screaming buy at $52....

..CHEDLEY..
Newsgroups: misc.invest
From: smm1@troy.cc.bellcore.com (michelson,steven)
Subject: Re: Bankruptcy 1995, Interest Rates
Organization: Bellcore, Livingston, NJ
Distribution: usa
Date: Mon, 4 Jan 93 17:50:59 GMT
Keywords: interest rates to rise in '93?, thoughts on Figgie's book

In article <BzzDnr.Juo@gdls.CSCTMD.COM> mccabe@gdls.CSCTMD.COM (Harold McCabe) writes:
>I purchased and read Figgie's book Bankruptcy 1995 over the holiday.  Here's
>what I remember:
>
>   4. Figgie believes that there is time to address the debt problem.  I am
>   not as optimistic as he is (and he is not exactly bubbling over with
>   optimism!).  I think it is already too late.  The debt problem
>   is not likely to be fixed until the underlying causes are addressed.

What do you mean when you say you think it's too late? Do you believe there's
an impending disaster? And if that is the case, what will the form of the
disaster be?

-- 
_______________________________________________________________________________
Steve Michelson                |  A dog teaches a boy three important life
Bell Communications Research   |  lessons: be loyal, be obedient, and rotate 
smm1@cc.bellcore.com           |  three times before you lie down. 
Newsgroups: misc.invest
Subject: Re:  ~~~~~~~ BRN RADIO IN SALT LAKE CITY? ~~~~~~~
From: gary@cdthq.UUCP (Gary Heston)
Date: Fri, 08 Jan 93 21:25:09 CST
Organization: Garys' Home for Obsolete Computers

jli@bingham.utah.edu (Jianliang Li) writes:

> 
> 	What is wrong with Business Radio Network (1230 AM) in Salt Lake City?
> Is it going to come back?  Appreciate any info.

I haven't any idea; it's too far away for me to pick up, and a long
distance call from here, so I really don't want to ask them.

Since it's a local call for you, and not for the overwhelming
majority of us, why don't *you* pick up a phone and call them?

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: tony2@prefect.cc.bellcore.com (gozdz,antoni s)
Subject: seasonality trading; was timing strategies
Organization: Bellcore, Livingston, NJ
Distribution: na
Date: Mon, 11 Jan 93 15:58:58 GMT

In article <1993Jan10.202128.3421@vela.acs.oakland.edu> temiraso@vela.acs.oakland.edu (thomas e mirasol) writes:
>Technical analysis may be useful in determining the timing of trades.
>Past studies have indicated the best times to buy stocks are in
>December, at the end of any month, and at the end of the day on Monday.
>The best time to sell stocks is in February, after the fifth trading day
>of the month, and late on Friday.
>
>Any comments or opinions as to why this is so.

The so-called seasonality effect is explained quite
well in "Market Logic", a book by Fosback from The
Institute for Econometric Research, Ft. Lauderdale, FL.
You get it for free if you subscribe to any of their
newsletters.

They have one ot two actual portfolios in mutual funds
that allow them to switch several times a month; it
seems that this strategy works OK over a very long
period of time, since the effect is usually weak.

According to Fosback, stock prices are usually higher on Fridays, 
before holidays, and the end of the month (quarter, year), but
drop on Mondays etc. 

Tony
Newsgroups: misc.invest
From: ssimmons@convex.com (Steve Simmons)
Subject: >>>> S-Corporations, et al and Income Producing Property
Date: Tue, 5 Jan 1993 13:36:55 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
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.

> What are the advantages/disadvantages of transferring title of
> income producing properties from and individual to a corporation,
> given that the individual controls the corporation?
>
> As an extension of the s-corporation thread, what type of 
> corporation has the most tax benefits with respect to 
> income producing property managed by the individual? For example,
> rental property, commercial realestate, etc.?
>
> Any good books to read, any recommendations?

The technical reason behind an S-corporation is to allow an individual 
to have limited liability in the case of a lawsuit without having to 
pay the corporate taxes.  That is, a legal entity is created and all 
profits/losses are posted on the owner's 1040 form and not the typical 
corporate tax return at corporate tax rates. Actually, there is a separate
S-corporation tax return.  Thus, the owner avoids double taxation on profits. 
If a lawsuit is filed against the business, the owner cannot risk losing 
his house (only the assets of the business). 

Legally, you cannot hide anymore expenses on an S-corporation than 
you can without one.  For example, the company can buy you a car and
let you use it.  Depreciation, gas, and maintenance are all deductible
for this car; however, the owner must declare this as a benefit/salary 
from the business if the car is used for non-business activity.

Remember you can post whatever you want as a deduction.  You are only 
affected when you get audited by the IRS.  Therefore, people who tell you
about how much they save with an S-corporation may be playing 
Russian roulette with the IRS. 

Thank you. 

						Steve Simmons

Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Payments by funds
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Date: Wed, 6 Jan 1993 14:49:12 GMT

In article <AB4zVIhGR8@proj.asmp.msk.su> USENET@proj.asmp.msk.su writes:
>     Forgive me my totally noninteresting question, but you
>are the only gurus available for me in my remote (from the
>stock market, I mean :) country.
>     Can you tell me what is an average frequency of dividend
>payments among various funds in US? Are monthly payments common?

Most funds pay dividends, if any, in December and perhaps another
payment earlier in the year.

Most money market funds and some bond funds pay dividends monthly.
In fact money market funds declare a dividend daily but pay it
monthly.

One issue is:  What do holders of the fund's shares do with these
dividends?  I suspect most holders, at least younger holders, do not
take these dividends.  Instead they reinvest them automatically to
purchase more shares of the fund.

>Can you chose fund with weekly distributions, or this is nonsense?

With many money market funds, you can request a distribution weekly,
but I don't know if any funds actually pay dividends weekly.

-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: doug@oregon.uoregon.edu (doug anders)
Newsgroups: misc.invest
Subject: A Basic Question:  Selling Short?
Date: Wed, 6 Jan 1993 21:11:31 GMT
Organization: University of Oregon
NNTP-Posting-Host: career8.uoregon.edu

Many years ago our high school Economics teacher spent a couple of weeks 
teaching us about the stock market. Since I don't remember very much from 
those days, I'm afraid I don't quite understand what it means to sell a 
stock "short". Can you really "sell" a stock you don't own?  If so, how is 
it done?  When is the best time to sell short?

Could somebody explain this process in lay terms?  Sorry about the naive 
nature of my questions.

- Doug             
  
Newsgroups: misc.invest
From: kmill@rchland.vnet.ibm.com (Kent Milligan)
Subject: Redeeming Stock Certificate??
Date: Tue, 05 Jan 1993 15:43:06 GMT
Reply-To: kmill@vnet.ibm.com
Disclaimer: This posting represents the poster's views, not necessarily those of IBM
Organization: IBM Rochester Mn


My wife & I received a stock certificate for 3 shares of WalMart stock as a wedding gift about
two & a half years ago.  We're thinking about cashing in these shares, but have no idea how to
go about it.  What is the easiest way for us to redeem this certificate?  We do not have a
broker or any other stocks.  Thanks in advancde.
 




-- 
Kenton Milligan
IBM Rochester, Database Management
kmill@rchland.vnet.ibm.com
GO VIKES!!
Newsgroups: misc.invest
From: mike@drseus.jsc.nasa.gov (Mike Ross)
Subject:  OK, what about THIS strategy? 
Organization: Lockheed Engineering & Sciences Company
Date: Fri, 8 Jan 1993 15:46:22 GMT

I took a management course wherein a guest lecturer spoke about
finances and stocks.  Pressed for some investing advice (not
necessarily expected of this lecturer, but she relented), she
told us her old boss had gotten quite wealthy with a simple
strategy:  each August (I don't know the significance of August)
he would buy stocks with a low PE ratio (4 or less), and sell those
whose PE ratio had grown out of that range over the previous year.
He supposedly only did this once each year.

Has anyone heard of or tried this method?

NO, oddly enough, I don't remember anyone asking her if SHE used this
scheme.  And NO, I'm not an expert investor, so if I just gave the
equivalent of 'buy low, sell high', forgive me.

-mike

-- 
******************************** mike@drseus.jsc.nasa.gov *****
* Michael L. Ross/C33 | Lockheed Engineering & Sciences Co.   *
* Robotics Department | 2400 Nasa Rd. 1, Houston, TX 77062    *
*(713)333-7094 voice,(713)333-7201 fax**********boring, eh?****
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: Mortgage or retirement
Organization: Unocal Corporation
Date: Mon, 4 Jan 1993 05:10:54 GMT

I recommend both, if you can afford it.  Diverse investments are a good idea.  Sometimes
real estate pays well and sometimes it doesn't.
Newsgroups: misc.invest