HDTenEightyP/NetNews huggingface dataset:
From: hamachi@adobe.com (Gordon Hamachi)
Newsgroups: misc.invest
Subject: Re: Act Now to Fight the Deficit
Date: 26 Jan 93 22:45:54 GMT
Article-I.D.: adobe.1993Jan26.224554.11016
Distribution: usa
Organization: Adobe Systems Incorporated

Jason Hsu writes
> 	According to the book The Wall Street Gurus by Peter Brimelow  
> (which I highly recommend reading), Charles Allmon, author of The Growth  
> Stock Outlook newsletter, said that when he attends a  
> world-is-coming-to-an-end conference, he offers to bet the speaker $10,000  
> that the apocalypse will not happen.  Nobody ever accepted his bet.

The $10,000 bet you propose is ridiculous.  If a financial collapse happens, is  
Mr. Charles Allmon going to be in any position to make good on his bet?  If  
South American hyperinflation occurs, what's the $10,000 going to be worth,  
even if he can pay?  Who would want to bet that they are going to die a  
horrible economic death, especially when we can take action now to avoid it?  

Like it or not, we are all betting our jobs, our savings, our children's  
futures, and our country's future that the apocalypse will not happen.  It is  
up to our elected political leaders to make the right decisions to prevent it  
from happening.

Do you trust your elected officials to do the right thing?  I didn't think so.   
That's why it is crucial that you write to your Congressperson, your Senators,  
the President, and other prominent politicians, urging them to take bold action  
now.  That's why you should support organizations such as The Concord  
Coalition, dedicated to fighting the deficit.

As the Zoe Baird confirmation hearings demonstrate, politicians can be very  
responsive to the will of the people.  Thousands of angry phone calls and  
letters are very persuasive.

     The Hon. (name)
     House Office Building
     Washington, DC 20515

     The Hon. (name)
     Senate Office Building
     Washington, DC 20510
	 
	 or call the main switchboard at the Capitol: 202/224-3121

     The President
     The White House
     Washington, DC 20500
	 
	 or call the main switchboard at the White House: 202/456-1414

Write for information, or join:

     Citizens Against Government Waste
     1301 Connecticut Avenue, N.W.
     Suite 400
     Washington, DC 20036
	 1-800/BE-ANGRY or 202/467-5300

     National Taxpayers Union
     325 Pennsylvania Avenue, S.E.
     Washington, DC 20003
	 202/543-1300

     Citizens for a Sound Economy
     470 L'Enfant Plaza, S.W.
     Suite 7112
     Washington, DC 20024
	 202/488-8200

     Americans for Tax Reform
     1301 Connecticut Avenue, N.W.
     Suite 444
     Washington, DC 20036
	 202/785-0266

     United We Stand America
     PO Box 6
     Dallas TX 75221
	 1-800-925-4000
	 Annual membership is $15
	 
     The Concord Coalition
     5959 Triumph Street
     Commerce, CA   90040-1688
	 1-800-231-6800
	 Annual membership is $25
Newsgroups: misc.invest
From: gs38@cunixf.cc.columbia.edu (Gopalakrishnan Subramaniam)
Subject: Janus Twenty
Organization: Columbia University
Distribution: usa
Date: Wed, 27 Jan 1993 16:27:33 GMT

Someone was interested in the holdings of the janus twenty.
The following info is true as of Oct. 92.

86% invested in 24 stocks.

32% banking and financial ( 8 stocks including bancone, nationsbank,
				merril lynch, etc.)
15% drugs (amgen, synergen, and pfizer)
16% tech and retail (walmart, hom dep, intel, msft)
18% (telmex, circus circus, amoco, duracell, phil. morr)
5% (reuters, lonestar, cocacola, kroger)
Newsgroups: misc.invest
From: keith@iscp.bellcore.com (Keith Hawkins)
Subject: Re: Dr. Pepper
Organization: Bellcore
Distribution: usa
Date: Fri, 22 Jan 93 20:01:54 GMT


A not too favorable article about the Dr. Pepper offering
appeared in today's IBD.

The article stated that Dr.Pepper is still recovering from
the leveraged buy-out days of the late 80s.  The company
is still burdened with a ton of debt from the purchase
of Seven-Up from Phillip-Morris and has been losing
money in recent years.  However, Diet Dr. Pepper has
been coming on strong as of late.

Just FYI,
Keith



In article <1993Jan19.185118.22908@cbnews.cb.att.com>,
ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
|> In article <C12nxr.7I4@babbage.ece.uc.edu>
|> dwagner@babbage.ece.uc.edu (David Wagner) writes:
|> >I read in the newspaper that Dr. Pepper is going public
|> soon. 
|> >Suppose I can buy at $14 a share now without commission,
|> considering  
|> >prices for Coca Cola and Pepsi are both around
|> $40/share. 
|> >
|> >Now, 1) Is this information correct?
|> 
|> pretty much.  But saying Dr Pepper is a better buy
|> because it is
|> $14 while Pepsi is $40 is sort of meaningless.
|> 
|> 
|> >     2) Why are the stocks cheaper before they go
|> public? 
|> 
|> 
|> Often, certainly not always, this is true.  The
|> underwriters are
|> very conservative and want to guarantee they can sell all
|> offered
|> shares, and maybe even a 10% oversubscription.
|> 
|> But quite a few times the price falls after the offer.
|> 
|> >     3) Things I should be careful when I buy it.
|> 
|> Is the price justified by past earnings and future
|> earnings
|> potential?  Is the P/E comparable to Pepsi/Coke?  WHat
|> are the
|> risks? How much of the stock will be offered to the
|> public?
|> Will the company be expected to pay dividends?
|> 
|> >     4) How many shares do people normally buy?
|> 
|> People often buy in round lots -- a round lot is 100
|> shares.
|> How much money do you want to risk?
|> 
|> -- 
|> Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories,
|> Columbus
Newsgroups: misc.invest
From: lash@tellabs.com (Bill Lash)
Subject: Re: YOUR stock picks
Organization: Tellabs, Lisle, IL
Date: Mon, 25 Jan 1993 23:56:16 GMT

In article <1993Jan22.163942.19832@spectrum.xerox.com> root@vinevalley.mc.xerox.com writes:
>
>	Many people on this newsgroup are investors that do their own 
>investigation of companies looking for a good buy. Lynn West has stated that she
> would post some 8 -10 stocks that she's been watching to see if she can beat
> some mutual funds.
>
>	PLEASE  post your picks ... I doubt anyone will use them without 
>their own investigation and I beleive I have found some interesting stocks with 
>your assistance already. We aren't like the full time brockerages with research 
>teams that can watch every stock so this may help us all. Maybe a free flow of 
>information and opinions is what we want.
>
>Some I've been watching :
>
>Rio Hotel & Casino ( NASDAQ, RIO )
>The Gap ( NTSE, GAP )

Ok, I've been watching:

Pride Co. (NYSE,PRF)
Westinghouse (NYSE,WX)
and just for fun:
National Tech. Team (OTC,TEAM)

Newsgroups: misc.invest
From: temiraso@vela.acs.oakland.edu (thomas e mirasol)
Subject: Re: Covered Calls:  Less Risk - High Returns.
Organization: Oakland University, Rochester MI.
Distribution: usa
Date: Sat, 23 Jan 1993 03:32:09 GMT

In article <1993Jan21.213932.28063@mobil.com> etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
>In article <1993Jan21.180251.28864@odin.corp.sgi.com>, tjordan@sgi.com (Ted Jordan) writes:
> 
>|> >|> A friend told me about the covered calls.  This looks like very low
>|> >|> risk but good return to me.
>
>|> Is there the same kind of thing for PUTS?  (Is there such a thing; rather
>|> is it called a "covered put", and do you have an example of this scenario?
>
>Yes.
>
>When you sell a stock short, you could also sell a put on that stock.
>This is analogous to covered call writing on a long position.
>
>For example, you short a stock at $40 and sell a 35 put at $2.
>
>At the expiration date of the put, if the stock is below $35, you will
>have to buy it for $35, thus covering your short position.
>
>If the stock is above $35, the put expires worthless.
>
>In either case you keep the $2 put premium.
>
>The drawback is if the stock goes way down, say to $20, you still have to
>buy it at $35.

Why wait till expiration?  If the stock is on a downward path, why not
buy a put earlier to limit your losses?  For example, if the stock price
is already at $30 and you feel it is going to drop further, why not buy
a $30 put to stop the bleeding.


Newsgroups: misc.invest
From: wouk@alumni.cs.colorado.edu (Arthur Wouk)
Subject: Re: IBM Dividend -- Speculation, please!
Organization: University of Colorado, Boulder
Distribution: na
Date: Sat, 23 Jan 1993 23:23:48 GMT

In article <C1AG4q.GE@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>fajack@cc.usu.edu writes:
>
>
>Reasons it could go up:
>
>1. All the shorts decide that now is a good time to cover their
>   short, since there is no more bad news to be heard.
                          ^^^^^^^^^^^^^^^^
what makes you think that ibm has finished with the bad news. so far
all they have done is recognize that what they were doing in the past
will no longer work. they have shown no signs of coming to grips
with the present and future.


it takes a long time to turn around a super-tanker.
-- 
arthur wouk 
internet: wouk@alumni.cs.colorado.edu
Newsgroups: misc.invest,misc.taxes
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: rollover into 2 funds, ok?
Organization: Tandem Computers Inc.,  Cupertino, CA
Distribution: usa
Date: Sun, 24 Jan 1993 21:07:04 GMT

In article <1993Jan22.003502.1313@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
> 
> In article <C183pt.MrE@news.cso.uiuc.edu> acheng@ncsa.uiuc.edu (Albert Cheng) writes:
> >
> >In article <1993Jan21.185622.20641@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
> >>Each Fund may charge you a custodian fee; Vanguard charges $10 per
> >>year per fund.  You should make this fee a separate payment, written
> >>with a separate check.  Otherwise you will have withdrawn (perhaps a
> >>Not Permitted withdrawal) the fee from your account; the Fund
> >>Custodian will take the fee from your account and you will be stuck
> >>with a withdrawal.
> >
> >Is that (custodian fee from accout) count as withdrawal?  I have a
> >403b with Fedility with $12 a year fee.  They just take $4 each
> >quarter (Hm... that does not add up.) for fee.  Fedality never
> >sends me any bill for it; they just do it.  Will IRS go after me
> >for this "early withdrawal" that is not initiated by me?
> 
> If you get a 1099-R then assume it is a withdrawal.  It is even iof
> you don't get a 1099.

I'd be interested to see what point of law, IRS ruling, etc. backs up this
interpretation.  Why is an annual account fee any different that the other
sundry fees one might pay in an IRA account (commissions, various kinds
of mutual fund annual fees, whatevewr)?  Just because the law allows one
to pay for this without considering it to be a contribution to the IRA does
not imply that it is always considered a fee paid outside the IRA account.

For my own part, I have never received a notice that the fee was considered
a distribution.  And in at least one case, I refuse to throw good money after
bad.  (Back in my naive days, some $^%^&* financial planner talked me into
buying some RELPs for my IRA.  The only thing that seems to be growing
there is the annual fee.  I can only hope the account balance eventually goes
to zero...)
 
> The idea of putting money into an IRA is to get it to build up and
> compound tax deferred.  The more you have in the account the more it
> will build, it says here in fine print.
> 
> So it's to your advantage to pay the custodian fee yourself.

In the spirit of not letting a good thing go untarnished...

You realize, of course, if you pay outside the account, you will be
taxed on that $12 TWICE (once now, and once later, as you get no
later benefit for making what is essentially a $12 after-tax contribution.)

(maybe this isn't true if you're already over the hurdle on misc deductions;
the IRA fee might be deductible there if paid outside the account)


Regards, -steve p.  (opinions mine, no warranty)
Newsgroups: misc.invest
From: tony2@prefect.cc.bellcore.com (gozdz,antoni s)
Subject: Re: Daylight Robbery: GT Telecommunications Fund
Organization: Bellcore, Livingston, NJ
Distribution: usa 
Date: Tue, 26 Jan 93 20:24:36 GMT

In article <C1H3qJ.HxG@news2.cis.umn.edu> prabhak@giga.cs.umn.edu (Satya Prabhakar) writes:
> I recently chanced upon the prospectus of the GT Global Telecomm
>Fund. This fund invests in companies around the world that have
>a stake in the telcommunications revolution. I thought it is
>a great way to play the globalization trend.
>
>Until I called them up to ask about their expenses.
>
>The fund charges 4.75% as sales charge on every single dollar
>you invest into the fund. Further they have about 3.00% expenses
>towards admin, 12b-1 and research. In total they squeeze the
>investors for about 8% on their investments.
>
>Now, am I missing something or is this fund an exception to
>the general load funds that levy the sales charge only on the
>initial purchase.
>
>Satya Prabhakar
>--
>___________________________________________
>Happiness, dear Phaedrus, is a passed pawn!

Just a few points:

4.75% load is not out of line for load funds; just
check any decent listing. In fact, there are quite a
few funds that have >8% load (until recently, the famous 
Templeton World was one of them).

3% in expenses _is_ very high; yet almost everybody is
in love with Kaufmann (3.6% annual expenses + 12b-1);
as somebody posted here, it's the total return that
counts, not what the manager earns.

The bottom line is, nobody forces anybody to invest in
a given fund. It's up to you to weed out the weaklings
and the outrageous, and to invest in what you like.

Tony
tony2@cc.bellcore.com

Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: 20th Century Ultra & Nasdaq
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Sat, 23 Jan 1993 04:07:34 GMT

txn@sirius.larc.nasa.gov (Troung Nguyen) writes:


>I learned that NASDAQ is near the record high right now, and someone 
>is predicting that there will probably be a correction in the near 
>future.  I currently have less than $3000 in Twentieth Century
>Ultra, which invests heavily in Nasdaq companies.  Do you think it's
>a good time to sell some of the Ultra's shares?  What do you think 
>the level of the correction will be, 15%?

>Thank you,

>Truong Nguyen
>txn@radar0.larc.nasa.gov

It could go down 15%. But it might go up 20% before the
15% correction. 

If you have a good mutual fund, let the mutual 
fund manager worry about buying and selling. That's what
you pay him for :)

-Larry Watanabe watanabe@cs.uiuc.edu
Newsgroups: misc.invest
From: buehlman@iwf.mabp.ethz.ch (Buehlmann Thomas)
Subject: Re: Bankruptcy by 1995..
Organization: Swiss Federal Institute of Technology (ETH), Zurich, CH
Date: Wed, 27 Jan 1993 06:10:45 GMT

goykhman@apollo.hp.com (Red Herring) writes:


>    Ill-educated???  Just yesterday I saw some figures indicating
>    that ~22% of the US labor force had college degrees vs. 10-13% 
>    that of our major economic competitors' (source: OECD).

Go on comparing banana with oranges! I do not want to take any position
in the question of bad education but you gotta realize that in the US
you have a different education system as for example Europe has. The lack
of an appropriate High-School Apprenticeship combination drives people
into college for there is no other way to obtain professional qualifications.
In Europe (particularly Switzerland, Germany, Austria) you have the apprentice-
ship system which guarantees people passing a recognized level of skills
(professional) and results in fewer people going to college, which is
actually THE university track here.

Thomas Buehlmann
From: ae557@yfn.ysu.edu (Ken Meinken)
Newsgroups: misc.invest
Subject: Re: eliminate the broker for mutual funds?
Date: 24 Jan 93 19:07:03 GMT
Organization: Youngstown State/Youngstown Free-Net


>>You can tell which Fidelity portfolios perform by the load they
charge.

WRONG!!!!

Fidelity has a large number offunds with excellent performance, 
both load and no load.  Examples of excellent performing no-load
Fidelity funds include:  Value (20% last year), Equity Income II
(18%), Low Price (almost double in 2 years, but has a 3% load 
since about two weeks ago), Discipline Equity, Stock Selector,
and others.  

Perhaps the no load funds don't get as much advertising as the
load funds do (no money to pay for the advertising?) but Fidelity
does a good job (no 12b1 fees either, which make the 3% load
funds a bargain if you are a long term investor).

As for Fidelity not handling the 87 crash as well as you would have
liked, I can't answer...I didn't panic and bail out as you did.
But I'd guess that no fund handled the 87 panic perfectly.

Ken
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: IRA broker Needed
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Thu, 21 Jan 1993 19:32:42 GMT


In article <1993Jan21.093932.17787@hemlock.cray.com>, deh@cherry21.cray.com (Don Hankins) writes:
>
>In article <8190161@hpfcso.FC.HP.COM>, lgough@hpfcso.FC.HP.COM (Linda Gough) writes:
>> Can anyone recommend a discount broker that doesn't charge a fee for
>> managing an IRA?
>> 
>> Thanks
>
>
>Charles Schwab and Company does not charge for managing an IRA.

*IF* your account is more than $10,000.
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: Can you fund an IRA with student loans
Organization: Unocal Corporation
Date: Sat, 23 Jan 1993 01:17:38 GMT

In article <1993Jan22.183637.6590@tandem.com> kenr@orleans.storage.tandem.com writes:
>>Don't you have to have Earned Income to fund an IRA? Putting more into
>>an IRA than shows on your W-2's is not allowed.

I thought 1099 form income counted too, e.g. a mutual fund of $25,000 paying an 8%
distribution would fund an IRA contribution.
Newsgroups: misc.invest
From: bucknerb@bnr.ca (Brent Buckner)
Subject: Re: Index funds
Organization: Bell-Northern Research, Ontario, Canada
Date: Fri, 22 Jan 1993 17:26:19 GMT

In article <1993Jan22.025201.22601@tandem.com> pearson_steven@tandem.com (Steven R. Pearson) writes:
>In article <1993Jan19.160944.27432@bnr.ca>, bucknerb@bnr.ca (Brent Buckner) writes:
>> 
>> >In article <1993Jan18.173918.26154@clipper.ingr.com> greeven@clipper.ingr.com (John Greeven) writes:
>> >
>> >So, could someone please offer some NEGATIVE comments about the types
>> >of indexed funds?
>> 
>> When the broad market is going nowhere, index funds don't make money.
>> A non-index fund could use averaging techniques to make money
>> through the volatility of the underlying shares.
>
>Please explain how a fund could gain advantage by averaging without risking
>underperformance by holding too much cash.

The answer specifies that the broad market be going nowhere, so
there is an implicit element of market timing in deciding that
the negative comment is relevant.

I could just have easily put in a plug for a value averaging 
strategy (e.g. a constant ratio asset allocation).

>It seems to me that the real answer is that professional stock pickers can
                         ^^^^^^^^^^^
Aside:  I was just providing a negative comment, not a candidate
	for the real answer.

>sometimes outperform the market.  Of course, not only do they have to
>pick good stocks, but you have to pick a good manager (and/or both of you
>have to get lucky).
>
>Question:  If anybody (eg. you or I) can consistently pick outperforming mutual
>funds, then must there be an ineffiency in the system?
>
>Here are a couple possible answers:
>(a) Yes, there is an inefficiency, it's all those financial planners and brokers who
>have other goals than recommending the best funds to their clients.
>(b) The premise is invalid; you and I can't consistently pick outperforming
>mutual funds.
>

In a world where the Nikkei went to 40,000 I have difficulty accepting
strong Efficient Market hypotheses.  Consider Templeton Growth
as compared to the Morgan Stanley Global Index.

-- 
at Bell-Northern Research
voice:        (613) 765-2739
Canada Post:  P.O. Box 3511, Station C, Ottawa, Canada, K1Y 4H7
I do not claim that BNR holds these views.
From: tjordan@sgi.com (Ted Jordan)
Newsgroups: misc.invest
Subject: Re: Covered Calls:  Less Risk - High Returns.
Date: 21 Jan 93 18:02:51 GMT
Distribution: usa
Organization: Silicon Graphics, Inc.

In article <1993Jan20.192644.13834@mobil.com> etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
>In article <1993Jan18.230334.26026@novell.com>, anand@novell.com writes:
>|> 
>|> Hi,
>|> 
>|> I friend told me about the covered calls.  This looks like very low
>|> risk but good return to me.
>|> 
>|> Check it out:
>|> 
>|> I bought  100 shares of ABC shares $42.00  in January.
>|> 
>|> The FEB (17) call premium for a strike price of $45.00 is  $2.50
>|> I placed the covered call  (to use my 100 ABC shares as collateral).
>|> 
>|> NO Risk:
>|> ========
>|> 
>|> On Feb 17th, if the closing price of ABC is
>|> 
>|> 	$45.00 <= I will get    $2.50 * 100  dollars + 100 ABC shares.
>|> 
>|> 	$45.00 >  I will get    $2.50 * 100 +  $45 * 100 dollars.
>|> 
>|> Either way I am making money. 
>|> 
>|> Note:  
>|> =====
>|> 	1) If the closing price is: < $39.50 , i will be losing money.
>|> 	2) For the simplicity, i have omitted the $40 commission.
>|> 
>|> Am I missing something here?.
>
>No, you are not missing anything on the details of your example.
>
>However, mutual funds that use this technique usually do not perform as well
>as "regular" mutual funds. Why?
>
Is there the same kind of thing for PUTS?  (Is there such a thing; rather
is it called a "covered put", and do you have an example of this scenario?

tj


--
theodore p mugabe jordan                       silicon graphics, inc.
email: tjordan@sgi.com                         phone: 313-478-5446
internal ms: mr225                             fax: 313-478-3181
Newsgroups: misc.invest
From: msingh@silver.ucs.indiana.edu (The Supreme Commander)
Subject: Re: Dreyfus Funds
Keywords: Dreyfus mutual funds
Organization: Indiana University
Distribution: usa
Date: Thu, 21 Jan 1993 14:39:03 GMT

In article <1jk89mINNg33@faatcrl.Faa.Gov> arthurp@naspac.tc.faa.gov (Arthur Pomerantz) writes:
>Anyone have an opinion on Dreyfus Mutual Funds, particularly
>some of the stock funds such as Appreciation Fund, Growth &
>Income, and Global (Stock?) Fund?  Particularly investment
>philosophy, largest holdings, performance.  The prospectuses
>are not very informative.
>Thanks.

Stay away from the Appreciation Fund. I invested $5,000 last
September, and the fund is way below my purchase price at present.

This fund operates in the following manner:

Market is up by n% - Appreciation is up by .n%
Market is down by n% - Appreciation is down by 3n%

In short, when it goes down, it goes down, and when it goes up it
never fully recovers. I'm waiting for the time when it gets just above
my initial purchase price, and will then pulll out.

I wouldn't recommend Dreyfus Funds in general. Stick with better
perfromance funds like the Janus Funds. (In which I also have
invested, and am doing much better!)


				...Manu


-- 
---------------------------------------------------------------------
The Supreme Commander wishes you a Supreme day. 
I'm a Magic Man, oooh, I got the magic hands, yeah...
Don't mind me, I'm just attempting to dock.
Newsgroups: misc.invest
From: tjochem+@CS.CMU.EDU (Todd Jochem)
Subject: Re: YOUR stock picks
Organization: Carnegie Mellon University
Date: Tue, 26 Jan 1993 12:55:33 GMT

Healthcare Services Group (NASDAQ, HCSG)
O'brien Environmental Energy (AMEX, OBS)


-- Todd

-------------------------------------------------------------------------------
Todd Jochem             The Robotics Institute              (412) 268-3653
                        Carnegie Mellon University
tjochem@cs.cmu.edu      Pittsburgh, PA 15213
Newsgroups: misc.invest