HDTenEightyP/NetNews huggingface dataset:
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: Barron's and the D-word
Date: 13 Oct 92 20:16:31 GMT
Organization: Boston University Physics Department


I haven't seen mention of the very disturbing article about
the current economic situation in the US. The article
had completely different definitions of the R-word and
D-word than I've seen here or anywhere. 

Worth the $2.50 for a sobering look at what needs to be
done if we are to avoid the type of Great D- scenario.
It also tells how what is going on now differs
form that period.



-- 
Sean J. Merritt		         |      Nietzsche che dice?
Dept of Physics Boston University| 	       Boh!	
merritt@budoe.bu.edu		 |
Organization: City University of New York/ University Computer Center
Date: Thursday, 1 Oct 1992 03:24:11 EDT
From: <LEWCU@CUNYVM.BITNET>
Newsgroups: misc.invest
Subject:    treasuries

1)  I would like to know what is the process of buying treasuries
    directly from a fed reserve bank.  I live in N.Y. There was a
    Barron's article a few years ago and the procedure seems simple.
    Is there a long wait.  Has anyone tried doin it by mail?  What
    are 3 months, 2 yrs, 5 yrs, and 7 yrs goin for?

2)  Does anyone have the WSJ Monday sept 14.  There was an article
    in the c section about an investing style that is just a myth.
    Any opinions.
3)  Savings bonds - I know these will be dumb questions.
    From what i read, you dont receive interest until you cash them in.
    Lets say u have a 100 dollar bond which u probably bought for 50.
    It will double in 12 years.  There are other factors but if u redeem
    it before 12 u don't get the 100?  What about after 12.  Do they start
    paying you real interest after that?
From: James B. Pettengill <pettengi@ial3.jsc.nasa.gov>
Subject: Re: investing for November elections
X-Xxdate: Thu, 8 Oct 92 14:19:28 GMT
Organization: Lockheed Engineering & Science Company
X-Useragent: Nuntius v1.1.1d12
Date: Thu, 8 Oct 1992 16:21:15 GMT

>>
>>These banking surprise rumors seem strange ...
>
>It's not really a surprise.  It is expected.  The new guideline
>on when to close down a troubled bank, which is much tougher than
>the current guideline, is scheduled to take effect in December.
>It is estimated that about 10% of the banks will not be able to
>meet the new requirement.
>
>Regards,
>-- 
>-- Publius
>Disclaimer: These opinions are mine, all mine, mine alone.

Any ideas on which banks are in trouble?
From: mincy@think.com (Jeffrey Mincy)
Newsgroups: misc.invest
Subject: Re: Cost-Benefit analysis of Renting VS. Buying
Date: 15 Oct 1992 15:11:45 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
NNTP-Posting-Host: mjolnir.think.com

In article <1992Oct15.110954.7811@uklirb.informatik.uni-kl.de> lott@uklira.informatik.uni-kl.de (Christopher Lott AG Rombach) writes:
>In article <1bhn1cINNfj6@early-bird.think.com> mincy@think.com (Jeffrey Mincy) writes:
>    >Of course a house is an investment.  After 30 years of renting you have
>    >nothing.  After 30 years of paying a mortgage you own a tangible asset,
>    >that has value and that can be converted to cash.

>My quarrel is with the use of the word "investment" when applied to something
>that may have a value of greater, less, or even much less than you paid for
>it over those years.  Sounds like "speculation" to me.

sure.  I would call these type of investments either good, bad, or really
bad.  For example, buying a new car qualifies as a really bad investment.
I would apply the word speculation to situations other than house buying.
On the other hand, real estate did acquire a speculative bubble character.

>    >The proper way to do the analysis is to estimate the expenses for each
>    >year, for however many years (as you've done), and then figure out the
>    >present value of that cash stream.  You should do the expenses in after

>Figuring out the present value of the cash stream - this sounds good,
>would you mind explaining the concept more?  Perhaps so that someone (me)
>who has never had a finance course could understand?  Thanks!

The concept is simple enough.   Money that you get later is worth less
than the same amount of money that you get now.  1000 dollars a year from
now is worth $926 (1000/1.08) today at 8%.  $1000 two years from now
is worth $857 today at 8%.  To find the present value of a cash stream figure
out the present value of each number and sum them.  This was doing interest
compounding yearly.  To do monthly compounding convert the interest to a monthly
interest - eg 1.00666 (1+.08/12).  

In practice, the computations get grungy, but thats why we have computers.

>    >For example, if you have rent payments that start at $500/month and
>    >increases 4% per year, for 30 years, then that cash stream has a present
>    >value of 102.5K at 8%.  That number represents the true cost of renting
>    >over that time period.

>Pardon me for being really dumb - could you please explain this?

A simpler example:

The present value of $500/month for 30 years at 8% is 68141.75.

If you borrowed 68141.75 at 8% for 30 years, then your monthly payment 
will be $500/month.  

Basically you can look at the cash stream as mortgage payments, then
the present value is the size of the mortgage that you could borrow at the
particular interest rate.  The problem is that you cant easily do mortgage
calculations when the payments change.

Does that help?

>chris...

-- 

-- jeff
mincy@think.com
Newsgroups: misc.invest,sci.econ
From: aslt@acad2.alaska.edu
Subject: inflation indicators?
Organization: University of Alaska
Date: Fri, 9 Oct 1992 02:56:56 GMT

What are opinions on the most accurate inflation measure?  I imagine 
it would be regional, maybe?  And where could one download historical
data for that measure?

Thanks in advance.  E-mail replies welcome.

Lee

Newsgroups: misc.invest
From: lott@uklira.informatik.uni-kl.de (Christopher Lott AG Rombach)
Subject: Re: Cost-Benefit analysis of Renting VS. Buying
Organization: Universitaet Kaiserslautern FB Informatik
Date: Wed, 14 Oct 1992 10:55:15 GMT

In article <719017207fred.fred@walter.UUCP> fred@walter.UUCP (Fred Walter) writes:
>I'm going to write myself a little spreadsheet to help with a $$ cost-benefit
>analysis of renting vs. buying. Here's what I've thought of including :

I am extremely interested in how your numbers turn out.

My off-the-top reaction is something like this. Your mortgage payments
over 30 years at current rates will cost you somewhere between double and
triple the cost of the house.  In that time you will pay mongo property
taxes and probably as much as the initial purchase price in improvements. 
So let's say you buy a house for 100K purchase price and after 30 years
you have 500K in it.  Has the value quintupled in that time?  Years ago,
I would be confident in saying yes.  Now, I don't know.  But note that it
*has* to quintuple just so that you can stay *even*.  And I haven't factored
inflation in at all.

The point I'm trying to make is that a house is not an investment.
Don't let anyone kid you that it is - and I don't think you have
the view that it is, based on your (impressively analytical) approach
to this decision.  A house is a lifestyle choice.  You live the way
you want to, and you pay for the privilege.

It would be neat if you could build a general model for making such a
decision that took into account the following variables:
        Easy cost vars:
          initial purchase price
          prop. taxes
          mortgage term and rate
          homeowner's insurance
        Harder cost vars:
          benefits from tax write-offs (none, in this case)
          improvement $ plowed in each year, maybe %age of price
          periodic increases in prop. taxes, insurance rates
        Variables that affect payback:
          annual appreciation
          interest lost or earned on money given or not given to the bank

I left out utilities because you pay them whether you rent or own.
Also, renter's insurance is so cheap that it's probably neglectable.
Somehow you gotta factor in the down-payment as a lump-sum that you
could begin earning interest on immediately.

A simple equation would yield the cost of the house after X years.
Things get interesting when you try to find the break-even point.
I would estimate values for all variables assuming poor interest rates
for the next few years, and then vary the annual appreciation rate.

Have fun and good luck.   I confess that this is something I've always
wanted to do, but since we're nowhere near buying a house, I've held off.

chris...
---
Christopher Lott    lott@informatik.uni-kl.de    +49 (631) 205-3334, -3331 Fax
Post: FB Informatik, Bau 57/525, Universit"at KL, 6750 Kaiserslautern, Germany
Newsgroups: misc.invest
From:  hia@imm.e-burg.su (Hohlov I.A.)
Subject: privatization in russian economics
Reply-To: hia@imm.e-burg.su
Organization: IMM
Date: Fri,  9 Oct 92 13:09:57 +0300

In order to facilitate the enterprises privatization
processes and making up Russian stock-market we have
established in Ekaterinburg (an ancient name for Sverdlovsk)
a financial-investment company "Ricap".
Our firm is interested in establishing business contacts
in order to attract foreign investments in Russian economics.
We can propose  the following cooperation points:
-consulting service concerning legislative and economic status
of Ural"s enterprises;
-consulting service connected with privatization
processes,stock ownership of Russian enterprises, foreign
investments, Russian stock-market development, etc.;
-regular infomation about privatized enterprises, its terms
and sale conditions;
-rendering practical advices in buying purchased enterprises
or its stocks;
-rendering mediatory services in making up
joint-ventures,stock companies,partners search;
-regular information about stock-market of Ural"s region;
-trust operations on the stock market;
-creation of shares and certificates printing enterprises
(joint-venture).
-business-meeting between foreign investors and Ural"s
enterpises managers.
       E-mail: hia@imm.e-burg.su


Newsgroups: misc.invest
From: mfsjbd@nmsu.EDU (Jeff Davis)
Subject: 2oth Century
Organization: New Mexico State University, Las Cruces, NM
Distribution: misc
Date: Thu, 8 Oct 1992 16:07:24 GMT

My last post was dry. :)

 IN mutual Fund forecaster it ranked 2oth Century Ultra as the TOP
predicted growth fund for the next 5+ years. 
 Is mutual fund forecaster any good? ANyone know their track record?
It was of course good news, though strange.
Jeff
--
MFSJBD@NMSU.EDU                  Jeffrey B. Davis  
Computer Center User Assistance Technical Reference library Coodinator
It costs a lot of money to die comfortably. - Samuel Butler   1835 - 1902
From: n933x@pnet16.cts.com (Et2 Rich)
Newsgroups: misc.invest
Subject: Re: 2oth Century
Date: 13 Oct 92 23:16:04 GMT
Article-I.D.: nctams1.1992Oct13.231604.2928
Organization: People-Net [pnet16], NCTAMS EASTPAC

I don't quite understand the comments that 20th Century is acting "greedily"
by investing in larger companies as their fund size grows.  Are their fees
increasing?  Yes, in fact they are.  But this is due to overall growth, a sign
of a wise investment strategy.  There is only one alternative to this: close
the fund.  One of the reasons why I happily invest in 20th Century is their
long-term performance; check Money if you don't believe MFF's advice.  Also,
one fund does not a family make.  Look at each of 20th's funds and get an
overall picture.  Although recent performance has been drab, the overall trend
since each fund's inception has been one of growth.  If this qualifies them as
greedy then I'll back greed 100%.  Any comments are welcome...

P. H. Rich                         Disclaimer:  Last name should not be mis-
Electronic Technician              taken as a financial disclosure :-).
U.S. Navy                          (Opinions are mine, not Uncle Sam's!)

UUCP: humu!nctams1!pnet16!n933x
ARPA: humu!nctams1!pnet16!n933x@nosc.mil
INET: n933x@pnet16.cts.com
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: 2oth Century
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: misc
Date: Fri, 9 Oct 1992 20:09:51 GMT


In article <1992Oct8.212833.21428@cs.brown.edu>, jhc@iris.uucp (James H. Coombs) writes:
>According to Hulbert, MFF has an inferior record.  As for 20th Century
>Ultra, well, how can you trust a small-company fund that has allowed
>itself to grow 7-fold?  $330 million on 10/31 1990 and $2,148 in 1991.
>Well, you can't, and a recent column in Fortune confirmed my
>suspicion:  they are now investing in larger companies.  In short, they
>have sacrificed their investment mission to their greed.  Now does
>MFF talk about that?  Or is MFF still assuming that this is the same
>fund that has done well in the past?

If I remember it right, the first issue of MONEY this year recommended
20th Century (and Berger 100, ...) as THE fund to invest in.  If even
10% of its subscribers acted on that, I would not be surprised of the
big influx.  Hey, we are just like a bunch of ants, rushing from 
one sweet to another.	(*sigh*)
Newsgroups: misc.invest
From: kev@osf.org (Kevin Till)
Subject: when is good time to buy EE Savings Bonds?
Organization: Open Software Foundation
Date: Wed, 7 Oct 1992 14:03:00 GMT

	Hi,
		I mean
			a) beginning of the month
			b) end of the month
			c) doesn't matter

		Please enlight me on this subject!
		Thanks!

-- 
Kevin T. Till	
System Engineering
Open Software Foundation
Newsgroups: misc.invest
From: barrada@infonode.ingr.com (Ahmed Barrada)
Subject: option symbols
Organization: Intergraph Corporation, Huntsville, AL.
Distribution: usa
Date: Fri, 9 Oct 1992 20:23:22 GMT

Where can I find a list of option symbols , or for that matter where is an
option symbol printed ?

Sincerly ,

Ahmed Barrada

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

Ahmed Barrada
ALB24A , 104H / LR24A
Infrastructure Group / AEC
Intergraph Corp
Huntsville , AL 35894-0001 , USA

Internet: barrada@karam.b24a.ingr.com

205 / 730-8150 w , 205 / 730-8743 f
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Newsgroups: misc.invest
Subject: Re: Advice needed: Financial Intelligence mag.
Date: 13 Oct 92 22:43:00 GMT
Organization: Hewlett-Packard, Fort Collins, CO, USA

In misc.invest, toml@voodoo.boeing.com (Tom Locke) writes:

> Hi netters,
> 
> Does anyone know anything the Financial Intelligence report
> by Richard Young?  Is it worth $99/year, 12-month subscription?
> I have no idea how credential Richard Young is, but according
> to the report, his financial advices regularly appears in the 
> Forbes and Business Weekly magazines.
> 
> Any opinion is greatly appreciated.

I got this report for awhile and was not really impressed.  Both bad advice and
good advice, I could get that in Money magazine.

BDR
Newsgroups: misc.invest
From: tpradeep@cs.tamu.edu (Pradeep K Tapadiya)
Subject: Is this the right time to get into mutual funds?
Organization: Computer Science Department, Texas A&M University
Date: Wed, 7 Oct 1992 17:00:55 GMT

Howdy netters,

Looks like the market indeces may improve after the elections.
This could be a good time to get into stocks and bonds.

I am primarily interested in buying some mutual fund shares.
My question is, with year-end so close, is there a possibility
of dividend distributions from mutual funds this year.
Specifically I am interested in
  1. Fidelity Megellan (for my IRA)
  2. 20th century growth

Or should I wait till the end of this year?

Any advice/suggestion?

Thank you for your help.

Pradeep
tpradeep@cs.tamu.edu
Newsgroups: misc.invest
From: Clive_Camm@mindlink.bc.ca (Clive Camm)
Newsgroups: misc.invest
Subject: Canadian Financial Planning course...
Date: 10 Oct 92 03:21:20 GMT
Organization: MIND LINK! - British Columbia, Canada
Distribution: world

A friend and myself were dumb enough to sign up for the Canadian Financial
Planning Institute's Taxation course.  Now that we have started, we would
like to know if anyone else on the net is taking the same course.  If so, and
you would like to work with us, please send me a note at:
Clive_Camm@MindLink.

Thanks.

Clive Camm
From: mcmillen@bcstec.ca.boeing.com (Mark McMillen)
Newsgroups: misc.invest
Subject: Re: Why the recent MicroSoft runup?
Date: 9 Oct 92 19:08:30 GMT
Distribution: na
Organization: Boeing

In article <1992Oct7.074943.7880@cs.sfu.ca> mcdonald@cs.sfu.ca (Ken Mcdonald) writes:
>
>Is there a concrete reason for the recent small runup in the
>price of MicroSoft stock?  Just a few weeks ago, the market seemed
>to be indicating it thought the stock was fairly or slightly
>overvalued at a bit over 78, and with recent news (delay in Windows
>NT, resource requirements of NT, rumours of an antitrust suit),
>I would've thought the stock would've been likely to move down.
>But, as of Monday, it closed at 81.75.
>

Two brokerages this week put out "Buy" recommendations on MSFT.  One
was Merrill Lynch, I can't remember the name of the other one.  I saw
it as high as 84.


While I'm posting this, does anybody have opinions about 3com (COMS) it
has been moving up pretty sharply for about a month now.



-- 
Mark McMillen                   
mcmillen@bcstec.ca.boeing.com     
                              
                             
Newsgroups: misc.invest
From: foo26860@uxa.cso.uiuc.edu (Pasquale)
Subject: Kemper Funds in trouble???
Organization: University of Illinois at Urbana
Distribution: usa
Date: Sat, 10 Oct 1992 00:17:09 GMT
Keywords: Kemper funds

I heard a rumor that the Kemper Funds were in trouble.  Is this true?  Can
a mutual fund go bankrupt?  Are investments in Mutual Funds insured?

Thanks in advance.
.

Newsgroups: misc.invest
From: yeates@rtsg.mot.com (Tony J Yeates)
Subject: Interest rates - dropping today?
Keywords: interest rates
Organization: Motorola Inc., Cellular Infrastructure Group
Distribution: misc.invest
Date: Wed, 7 Oct 1992 16:06:05 GMT

I understand that a some figures are due out today, which if
bad could lead to the Fed. cutting interest rates.  Have any
announcements, either on the economy or interest rates been 
made yet?

Will there be another cut before the elcetion?

-- 
============================================================
I love California, I practically grew up in Phoenix
		-- Vice President Dan Quayle

Newsgroups: misc.invest
From: nancyl@osiris.cso.uiuc.edu (Nancy Lellenberg Bentrup)
Subject: Converse Technology
Organization: University of Illinois at Urbana
Date: Wed, 7 Oct 1992 18:16:49 GMT

What does anyone know about a company called Converse Technology? 
Apparently, they are involved in a deal with AT & T regarding
a voice/fax/email service or something along those lines.  Someone
mentioned they were written about in an article in the WSJ yesterday
or the day before.  The person mentioning this to me thought they
might be worth investing in ASAP.  I am not familiar with them and
would appreciate any info anyone has.  Thanks.
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: Zweig "Super Model" signal
Date: 9 Oct 92 06:57:56 GMT
Article-I.D.: andrew.IepNroa00UhW42kIZw
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

He's down to 30% stocks from 60% a couple of weeks ago. That includes a
put position.
From: an241@cleveland.Freenet.Edu (Joe Jurczyk)
Newsgroups: misc.invest
Subject: Wall Street Investment Challenge
Date: 11 Oct 92 22:37:03 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: slc4.ins.cwru.edu


             WALL STREET INVESTMENT CHALLENGE  
            NOVEMBER 1, 1992 - JANUARY 31, 1993
 
Where the sharpest and savviest investors of the future pit wits
against the market and each other.  You should be part of the
action.  Start with $1,000,000 in a fictional account and for three
full months (11/1/92 - 1/31/93) you can buy, sell or short any
NYSE, AMEX and OTC stocks.  You'll rely on your judgement, your
strategy and perhaps some luck.  
 
An unlimited number of trades can be made through a touchtone phone
operated system open 24 hours each day.  (The first 50 trades can
be placed over a toll free 800 number.)  You will receive a monthly
account statement listing all trading activity during the month,
current portfolio holdings and standings information.
 
The Wall Street Investment Challenge offers a large number of cash
prizes for the best performing portfolios:
 
                        GRAND PRIZES
      First Place                         $25,000
      Second Place                          4,000
      Third Place                           2,500
      Fourth Place                          2,000
      Fifth Place                           1,500
      Sixth - Twentieth Place               1,000
                       
                     DIVISION CHAMPION
Each participant is assigned to a division.  Each division has 100
participants.  Whenever possible, participants from the same school
or same state will be assigned to one division bearing the name of
the school or state.  Each division champ will receive a $500 cash
prize.
 
                 BEST TRADER IN YOUR LEAGUE
If you and your friends register together with at least 10
portfolios, you can form a league with a name of your choice.  The
best trader in your league will win a $100 cash prize.  
 
NOTE: there is a limit of one cash prize per portfolio.
 
The only people NOT allowed to enter are financial professionals.
Personal investors, students, professors and all others are more
welcome.
 
The cost to enter is $49.95 + $5.00 shipping.  if after receiving
the complete contest package you decide, for any reason, not to
participate in the Wall Street Investment Challenge and you have
not made any trades in your account, simply return the package
before December 1, 1992.  Your registration fee, less the shipping
charge, will be immediately refunded to you.
 
For a free informational brochure or to register, call 
1-800-964-6463.  When asked where you heard about the contest,
please give them my name (Joe Jurczyk) or say ("the rep from
Oberlin College").
Newsgroups: misc.invest
From: fischer@li.serum.kodak.com (Chris Fischer (x39613))
Subject: Re:      Re:  Income & Wealth & Extreme Density
Organization: Clinical Products Division, Eastman Kodak Company
Date: Fri, 9 Oct 1992 12:27:25 GMT

In article <9210082329.AA23228@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu (Broward Horne) writes:
>
>
>       Chris dude writes about how the Japanese *didn't* pull out
>   of U.S. banks after all.  In past tense.
>
Because I was referring to the last rumor of impending collapse.

>       I'm not talking in past tense here.
>
>       Jesus Christ.  Norbert was right.
>
>       Here, do some reading.  " The Economist ".   From mid August
>   until NOW.
>
>       Is there any way, that you can imagine, that Japanese banks and
>   industries, much less its taxpayers, can survive a bank bailout of
>   500 to 800 billion dollars?  That works out to somewhere around
>   10 to 20K PER TAXPAYER!  Christ, their average taxpayer is already
>   smoked, with an average debt to income ratio of 120%.

Last post you commented on how rich the Japanese were, 80 billion dollar trade
surplus per year.  

Now if we can afford a 500 billion bailout, how come they can't.  Make up
your mind.  Are the Japanese rich or poor?

-- 
Chris Fischer (fischer@serum.clpd.KODAK.com)
They never even listen to my opinion, why would they make it policy?
"The healthy gum tissue of our liberties are being eaten away by the 
 periodontal disease of government regulation." - D.Barry
Newsgroups: misc.invest