HDTenEightyP/NetNews huggingface dataset:
From: ashwin@gatech.edu (Ashwin Ram)
Subject: Bonds: How long is "long-term"?
Reply-To: ashwin@cc.gatech.edu (Ashwin Ram)
Organization: Georgia Institute of Technology, College of Computing
Date: Fri, 21 Aug 1992 17:59:08 GMT

The accepted wisdom on misc.invest at present seems to be not to buy
long-term bonds because when interest rates rise (as they probably will), the
value of these bonds will drop.  My question is, how long is "long-term"?
When I look at the prospectus of a bond mutual fund, which types and lengths
of bonds should I be looking for, and which ones should I be avoiding?  (Or
should I be avoiding bond funds altogether and investing only on stock funds
at this time?)

Thanks,
Ashwin.
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Newsgroups: misc.invest
Subject: Re: K. Aufhauser & Co.
Date: 13 Aug 92 22:23:14 GMT
Distribution: usa
Organization: AT&T Bell Laboratories,  Columbus, Ohio

In article <7712@public.BTR.COM> timlee@btr.com (Timothy J. Lee) writes:
>
>One thing about Aufhauser that kind of caused me to choose a
>different broker when shopping around was that Aufhauser
>had to run its trades through another broker (Donaldson,
>Lufkin, & Jenrette's Pershing division).  Was I just being
>paranoid, or does having to do this double the chances of
>screwups?

This just means they are small, and contract with someone to do all
of their paperwork.   That in itself doesn't mean they are good or
bad.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: daphne@yoursrvc.csd.sgi.com (Daphne Carmeli)
Newsgroups: misc.invest
Subject: Re: Annual Reports : how to get?
Date: 13 Aug 92 00:46:24 GMT
Distribution: usa
Organization: Silicon Graphics, Inc.

...you can call the company and have them send you one!
Newsgroups: misc.invest
From: jaeastman@anl.gov (Jeff Eastman)
Subject: How do I get rid of broker????
Followup-To: misc.invest
Organization: Argonne National Laboratory
Date: Thu, 13 Aug 1992 00:02:44 GMT

I'm curious if anyone can provide me with some good advice. A couple months
ago I made
the mistake of buying 100 shares of stock from a broker who called me and
claimed to have
been referred to me by another person where I work (he didn't mention a
name).  The stock has
done terribly.  I realized afterwords that I was very stupid to deal with a
total stranger, but
the problem I have now is I don't know how to get rid of him.  He reminds
me of a stray cat that
keeps coming back for more if you make the mistake of feeding him once.  He
calls me at work
and at home, always with some great new deal.  The second time he called I
told him I wasn't
interested in buying anything else from him (the stock he was pushing that
day hit a 52 week
low today I noticed).  He wanted me to buy $20k worth of stock and told me
the only way our
phone conversation would end would be for me to agree to buy or I would
have to hang up. Of
course I hung up.  Then he called back 3 more times and continued the
conversation as if there
had been no interuption.  He has called me on three other occasions and I
have told him point
blank that I will never deal with him again, but that doesn't phase him at
all.  He has also
called several other people I work with (he is obviously going through our
directory in the 
mistaken assumption that scientists have money) and one of them also made
the mistake of
buying from him.  One guy asked him to provide a resume or some kind of
credentials and was
told that a secretary would get back to him with this info (but of course
nobody ever did). 
Another guy told him that he was only a student and the broker immediately
hung up on him
(I don't think he will believe me and go away if I use this excuse now
though).  I am just 
wondering if there is some kind of regulatory agency I can report this guy
to?  Is he actually
breaking any rules in calling me over and over?  He called today and let my
phone ring 5 minutes
after I hung up on him.

_______________
Jeff Eastman
jaeastman@anl.gov
_______________
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 15 Aug 92 13:53 PDT
Subject: Re: Buying down....
Nf-ID: #R:hpfcso.fc.hp.com:8190099:cdp:1426500244:000:858
Nf-From: cdp.UUCP!mcaldon    Aug 15 13:53:00 1992


|You should either get a tax advisor, or read the IRS Pub on selling your
|house.  When you compute the gain you made on your house, you get to
|subtract out the cost of selling the house (agent's commission, points you
|paid for the buyer, etc).  You also effectively get to subtract out
|*improvements* that you made to your home.  Things like finishing the
|basement or adding a deck count as improvements, but replacing carpeting
|or putting on a new roof don't.
|I'm not a tax man,
|Duane Jacobson

Correction!  "Fix-up" expenses such as a new roof, painting, even 
papering walls and carpeting, ARE deductible (includible in cost basis)
provided they are completed no more than 90 days prior to sale. DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: denio@seismo.CSS.GOV (Dennis O'Neill)
Newsgroups: misc.invest
Subject: Re: credit cards
Date: 18 Aug 92 13:16:08 GMT
Distribution: usa
Organization: S-Cubed, a division of Maxwell Labs

In article <l8vnfrINNbks@news.bbn.com> rwatkins@BBN.COM (Ron Watkins) writes:
>I am searching for a lower interest mastercard or visa
>and I thought I heard someone mention arkansas federal savings at 9.5%
>has anyone found similar institutions that have low interest credit
>cards and can provide me with that information and a phone number to call
>for an application ?
>
>thank you very much
>Ron Watkins
>rwatkins@bbn.com

I don't have this info directly, but I believe that the following organization
tracks such things:

    Bankcard Holders of America
    560 Herndon Parkway
    Herndon, Virginia (zip code unknown to me)
    703-481-1110

I'm not associated with BHA in any way, I've just heard them discussed
on NPR.
-- 
Dennis O'Neill (denio@seismo.css.gov)
From: deborah.cummings@cccbbs.UUCP (Deborah Cummings) 
Newsgroups: misc.invest
Subject: SMART MONEY PGM ON CNBC
Date: 22 Aug 92 23:29:00 GMT
Distribution: world
Organization: Cincinnati Computer Connection BBS - Cincinnati, OH - 513-752-8248
Reply-To: deborah.cummings@cccbbs.UUCP (Deborah Cummings) 

Does anyone know if the investment advice given on the Smart Money
program on CNBC is influenced by paid advertisement?  For example, if
they recommend a specific insurance rating service, has that service
paid them in anyway for mentioning or recommending its name?
                                                                                                                     
From: daveb@hpgrla.gr.hp.com (Dave Boyd)
Date: Thu, 13 Aug 1992 23:12:43 GMT
Subject: Re: What shows on TV worth watching as an investor?
Organization: Hewlett-Packard, Greeley, CO
Newsgroups: misc.invest

In misc.invest, tpradeep@cs.tamu.edu (Pradeep K Tapadiya) writes:

>called Wall Street Week. I am wondering if someone could suggest
>me other similar shows (daily or weekly).

     I personally like the Nightly Business Report on PBS.  (It comes
on at 5:30 pm here in Colorado, but you may have to hunt for it.)  Their
market wrapup is by far more detailed than any other regular show I've 
found.  Each Friday, a "Guest Market Monitor" is interviewed and is
invited to give actual stock recommendations.  Recent guests have
included Elaine Garzarelli, Dick Arms, Heiko Thieme, and other
prominent analysts and fund managers.  No commercials, either.

     CNN's Moneyline (7:00 and 11:30 pm Eastern time) is more
consumer oriented and less technical.  Their market statistics are not
very complete and appear at a different time within the program each
night.

     Wall $treet Week isn't bad, but I still like NBR better.

     Of course, you could stay home all day and watch CNBC/FNN.

     Good luck!

     Dave Boyd
     Hewlett Packard, Greeley Colorado
     Standard Discaimers Apply

P.S.  Oh, and there's also this guy on late at night that talks
      about investing in real estate ... :-).

Newsgroups: misc.invest
From: harrism@aquila.rtp.dg.com (Mike Harris)
Subject: Re: Is Financial Planning worth paying for?
Date: Wed, 12 Aug 92 14:48:16 GMT
Reply-To: harrism@dg-rtp.dg.com
Organization: Data General Corp., Research Triangle Park, NC

In article <1992Aug12.015455.697@PA.dec.com>, skk@tantalus.pa.dec.com (Stuart Kreitman) writes:
|> My wife and I finally did something to maximize our pitifull
|> nest egg- we met with a financial planner (IDS/Amex).
|> After the meeting, we agreed that putting the data together and
|> receiving a detailed plan and projection from them will
|> be a good thing.

	I'm about to bail out of my contract with them. Read the book
	"what's wrong with your life insurance" before signing anything.

	caveat emptor
From: rteasdal@polyslo.csc.calpoly.edu (Rusty)
Newsgroups: misc.invest
Subject: _The Right Time_ and other software packages
Date: 13 Aug 92 03:23:50 GMT
Organization: Cal Poly San Luis Obispo, CSc Department



	Well, I've finally decided, after several years of profitable
trading without computer backup, to investigate what my PC might
be able to offer in the way of assistance. I've proven to be fairly
reliable at picking strong performers over the medium to long haul,
but rather less so in calling short-term tops and bottoms. When I do
catch these, I often make a quick killing, but almost as frequently
the position moves against me, and the losses usually balance the
gains. The consensus opinion seems to be that automated technical
analysis is _the_ indispensible tool for short-term trading, and so
I resolved to look into it.   

	Forthwith, I went through _Investor's Business Daily_, and 
called every single software house I could find advertising there.
After a twenty-four hour break, my mailbox exploded with brochures
and packets, and I sat down and went through them all exhaustively.

	The package which seems most promising is TBSP's _Right Time_
software. I particularly like the fact that it doesn't require a
costly real-time data feed, and will accept end of day quotes from
Dow Jones, to which I have flat-fee monthly access (and which has
been a valuable tool in and of itself). Their package also performs
Black-Scholes analysis for options trading, a significant bonus.

	Is anyone using TBSP's trading software? If not, I'll take
any and all testimonials about other products. I'm quite happy to
condense replies into a digest and repost it for the edification of
others on the net, so emailed responses are fine. 




-- 
||||||||   Russ Teasdale -- rteasdal@polyslo.CalPoly.EDU  --  (Rusty)  ||||||||
-------------------------------------------------------------------------------
"Gentlemen, if we do not succeed, then we run the risk of failure." - D. Quayle
Newsgroups: misc.invest
From: achiang@sedona.intel.com (Albert Chiang)
Subject: CNBC
Originator: achiang@sedona
Organization: Intel Corporation
Date: Fri, 21 Aug 1992 17:19:49 GMT


Hello,


Since I work, I do not have the opportunity to watch CNBC live. I would like to
ask netters which one hour block would contain information regarding specific
corporation. An example of this would be the reporting of a possible bankruptcy
by Wang after paychecks were distributed one day early.


Thanks.
-- 
Albert Chiang                       |       Hate is Contagious....      |
achiang@sedona.intel.com            |       So is a Smile   :)          | 
Newsgroups: misc.invest
From: tjio@venice.sedd.trw.com (Lee Tjio)
Subject: Re: AT&T Credit Card
Organization: TRW Systems Engineering & Development Division, Carson, CA
Date: Fri, 21 Aug 1992 16:03:33 GMT

In article <1992Aug21.155022.26358@Armstrong.EDU> newso584@Armstrong.EDU (Robert Newsome) writes:
>Yesterday I recieved a pre-approved application for an AT&T credit card.  This
>card listed several advantages such as it is also a phone card, purchases are
>insured, etc.  I currently have a CITIBANK mastercard.  Are there advantages
>of one card over the over.  I'd liked to hear from other people who use AT&T's
>credit cards.
>
>-Robert Newsome
>

I have been using the AT&T gold card for a year or so, and I am very happy
with it.  First of all, there is no annual fee for the card.  Secondly,
there is a 25-day grace period.  Thirdly, you get 10% off your long distance
charges if you use the card.  Finally, if you have balance on your account,
the interest rate is lower than most other visa card providers.

Lee
Newsgroups: misc.invest
From: nev@renews.relcom.msk.su (Shliemin Vladimir/renews administration)
Subject: ReNews -- technical error
Keywords: Beg pardon!
Reply-To: nev@renews.relcom.msk.su
Organization: Joint-Stock Company RELCOM
Date: Tue, 18 Aug 92 02:03:34 +0300

                           SORRY!
             In ReNews N4 was commit a little technical error
             through my fault!
             Beg pardon!
                 Vladimir Shliemin
From: shekita@yeti.almaden.ibm.com (E. Shekita)
Newsgroups: misc.invest
Subject: Re: is it time to invest in Japan?
Date: 18 Aug 92 18:07:43 GMT

| This ignores the fact that export sales from Japan are WAY down,
| as well as the fact that Japan's economy is going to be in the toilet
| for the next year, at the very least.

Any facts to back that statement up?

From yesterday's NY Times, I see that, for April and May alone, Japan 
ran a current account *surplus* of $19.3 billion. In contrast, the US 
ran a current account *deficit* of $12.5 billion during the same 
reporting period.
Newsgroups: misc.invest
From: georgec@eng.umd.edu (George B. Clark)
Subject: Re: Handbook of No-Load Mutual Funds
Date: Sun, 23 Aug 92 00:33:09 GMT
Organization: University of Maryland
Distribution: usa

Just from your description of the book and its 1992 publication date
makes me want to go out and buy it.

I've read "Winning With Mutual Funds" by the editors of Money Magazine.
It's good, but it's also a few years old. Of course, there are newsletters
that assess mutual funds, too.

I also work at the University of Maryland. Perhaps we should meet, since
no-load mutual funds is a common interest.
From: rbeville@tekig5.pen.tek.com (Robert E Beville)
Newsgroups: misc.invest
Subject: Broker mis-represnting Value Line research
Keywords: reports
Date: 21 Aug 92 15:30:50 GMT
Distribution: usa


	To Peter @ andrew.cmu.edu:
	Good for you to turn in that broker for sending you
	Value Line research data, representing it as their own.
	Send all of the material you received to:

	Corporate Counsel
	The Value Line Investment Survey
	711 3rd. Avenue
	New York, New York, 10017-4064

	In your letter mention it was unsolicited, how you note
	they are misrepresenting the information, and suggest
	if it isn't a violation of Copyright law, to elicit gains
	or business using someone else's copyrighted property.
	Suggest they may be interested in persuing this.

	that's -OWARI- from GLOWWORM-7-9-4
	best regards, rbeville@tekig5.PEN.TEK.COM
	Bob Beville, Tektronix, Inc., Beaverton, OR 97077
Newsgroups: misc.invest
From: georgec@eng.umd.edu (George B. Clark)
Subject: Re: How do I get rid of broker????
Date: Fri, 14 Aug 92 00:03:17 GMT
Organization: University of Maryland

I had a similar nuisance problem several months ago that I solved partly
by just hanging up on the broker.

When a broker calls you at work, they exploit the fact that people at
work must be more polite with solicitors than they have to be with
solicitors who call you at home. Therefore, they may go into their
sales pitch with whoever is taking the phone message..

I took phone messages from my boss's broker while my boss was away. The
guy wasn't content to simply leave his name and number. He started
discussing my boss's portfolio with me, and tried to lure me into a
deal, as well. I got really mad and hung up on him. I reported the
incident to my boss, and my boss agreed I did the right thing. My
boss got really mad at the broker, too, and cancelled his account.

The uninformed investor might be helpless in this situation. This
is one reason why I believe beginning investors should focus on
no-load mutual funds, and stay away from stock brokers entirely. 
Newsgroups: misc.invest
From: mreddy@nyx.cs.du.edu (Mahesh reddy)
Subject: REN  corporation usa
Keywords: info, medical
Organization: University of Denver, Dept. of Math & Comp. Sci.
Date: Fri, 21 Aug 92 16:43:22 GMT


hi
has anybody heard of REN corporation USA ?
I know they are into medical business but not sure what they do exactly
any info is appreciated
thanks
Mahesh
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Newsgroups: misc.invest
Subject: Re: How do I get rid of broker????
Date: 13 Aug 92 22:20:30 GMT
Distribution: usa
Organization: AT&T Bell Laboratories,  Columbus, Ohio

>>I'm curious if anyone can provide me with some good advice. A couple months
>>ago I made the mistake of buying 100 shares of stock from a broker 

The problem is, he is holding some shares of yours hostage.

I think you will never see your money again, and your best bet is to
cut your losses.  Ask him to deliver the shares to you, and find a
discount broker to sell them for you (Don't give him the
satisfaction of getting the selling commission, which may well be
more than a discount broker would charge.)

Once he delivers the stock, you won't have any trouble hanging up,
if he even bothers to call.

The IRS will allow you to take a capital loss.  Sorry.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: schnepf@deci.cs.umn.edu (James A. Schnepf)
Subject: Re: WANG stock
Organization: University of Minnesota, Minneapolis, CSci dept.
Date: Thu, 20 Aug 1992 19:04:17 GMT

In article <1992Aug19.040549.3894@TorreyPinesCA.ncr.com> cs6@TorreyPinesCA.ncr.com (Eric Sit 3611) writes:
>In article <16847A467.M18611@MBVM.Mitre.Org> M18611@MBVM.Mitre.Org (Kathy Wilk) writes:
>>
>>  Wang Labs is in a nosedive - today, perhaps, the company will declare
>>bankruptcy.
>>  The stock is a penny stock now (around 70 cents a share, I think).  What
>>would make it go to zero - bankruptcy?  Does stock ever go back up after zero?
>>  Sorry if these questions sound dumb - Wang was once a great company.  It
>>could still have the potential to recover.  A gamble, sure, but is there a
>>profit to made buying the stock now?
>> 
>> 
>>                        K. Wilk
>>                        M18611@MBVM.MITRE.ORG
>> 
>>            <--********************************-->
>
>Wang indeed declared bankruptcy today.  Stock price doesn't go to zero just 
>because it declares bankruptcy.  If the company is liquidated, then the stock 
>price would go to zero.  After the company is liquidated, it no longer exists 
>as a business entity.
>
>When a company files for bankruptcy, it can take a long time (years) for it
>to go back to sound finanical health (i.e. assuming the company can avoid
>liquidation).  I once saw statistics on bankrupt companies.  If I recall
>correctly, those that eventually recovered spent an average of 18 months 
>under bankruptcy protection.
>
>You have pointed out that it is a gamble to buy Wang stocks now.  I am 
>suggesting that the risk is enormous: at best, you are looking at a long
>wait for the share to appreciate significantly.  On the other hand, it is 
>quite likely that Wang cannot successfully restructure itself and ends up 
>being liquidated.  If you are tempted by the often-quoted example of Chrysler, 
>you have to remember that the government played a critical role in its rescue.
>
>
>Eric
Even if a company does reorganize, its creditors may take over the 
whole stake of the company, leaving zip for the shareholders. Remember, 
creditors and bond holders have a higher standing than shareholders do.
If the assets are not sufficient to pay off the debts or the bondholders,
the stockholder is the one left out.
 
Continental Airlines was begging the Stock Exchange to delist its 
stock because it continued trading well after there was no hope for 
stockholders to salvage anything!

Jim


From: duanej@hpfcso.FC.HP.COM (Duane Jacobson)
Date: Fri, 21 Aug 1992 00:46:26 GMT
Subject: Re: farmland as an investment
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

>With all these gloom and doom news, I have been thinking to buy
>some farm land for real long term investment (well, more like
>insurance against total economy collapse).  My reasoning is that,
>when all fail, i.e. FDIC, U.S. bills/notes/bonds all go bankrupt,
>I can go back to my couple hundred acrs of good farmland and raise
>crops, wait till the total Depression is over.

I've always considered firearms a good investment in case of an
economic collapse.  That way you won't get robbed blind.
Newsgroups: misc.invest
From: frazier@kona.cs.ucla.edu (Gregory Frazier)
Subject: Re: is it time to invest in Japan?
Organization: UCLA, Computer Science Department
X-Newsreader: Tin 1.1 PL5
Date: Fri, 21 Aug 92 22:22:11 GMT

E. Shekita (shekita@yeti.almaden.ibm.com) wrote:
: > At the same time, Japans attempts to position 
: > itself as the high-tech design center of the world are faltering.  
: > According to "Economist", Japan controls a whopping 3% of the 
: > computer market outside of Japan...
: 
: Not to quibble but...
: 
: Japan is a major player in disks, memory chips, power supplies,
: and displays (which are some of the most expensive components 
: in a PC or workstation). So I find it hard to believe that only 3%
: of the profits in the computer business make their way back to
: Japan.

Not directly related to the above arguement, but Japan is
losing ground to S. Korea re memory chips.  Korea already
has 35% of the market - w/out Korea, Japan would have a
monopoly there.  This is from the LA Times a week or so
ago.
----------

Greg Frazier	frazier@cs.ucla.edu	{ucbvax,rutgers}!ucla-cs!frazier
From: duanej@hpfcso.FC.HP.COM (Duane Jacobson)
Newsgroups: misc.invest
Subject: Re: Buying down....
Date: 14 Aug 92 20:22:32 GMT
Organization: Hewlett-Packard, Fort Collins, CO, USA


You should either get a tax advisor, or read the IRS Pub on selling your
house.  When you compute the gain you made on your house, you get to
subtract out the cost of selling the house (agent's commission, points you
paid for the buyer, etc).  You also effectively get to subtract out
*improvements* that you made to your home.  Things like finishing the
basement or adding a deck count as improvements, but replacing carpeting
or putting on a new roof don't.

I'm not a tax man,

Duane Jacobson
Newsgroups: misc.invest
From: antonio@qualcomm.com (Franklin Antonio)
Subject: Amwest Savings Association
Organization: Qualcomm, Inc., San Diego, CA
Date: Wed, 19 Aug 1992 04:22:33 GMT

I'm looking for information on a Texas S&L called "Amwest Savings Association".

I know they have a corporate headquarters in Bryan, and offices in at least
Olney, Dallas, and Amarillo.  

I've tried looking up these folks in various online business info databases
on Compuserve with no luck.  Is this a publicly traded stock?  Are they owned
by someone else?  I tried looking in Dialog's corporate affiliations 
database, in which you can usually find reference to a parent company's name,
but no luck.

Maybe savings & loans are being taken over, renamed, etc so fast that the
databases can't keep up.

Info appreciated.
Newsgroups: misc.invest
From: schneid@uxa.cso.uiuc.edu (Mike Schneider)
Subject: WHERE IS THE MOST UP TO DATE MARKET INFO?
Organization: University of Illinois at Urbana
Date: Fri, 21 Aug 1992 18:54:00 GMT

I'm wondering how to get the most up to date market info.
Not only quotations during the day, but major market announcement
(e.g., stock splits, bankruptcy, earnings info, etc.).
I'm sure one can subscribe to a service to receive up to the 
minute info on stock quotations, but what about this other
info?  Should I get Financial News Network?  What's the best?
-- 
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!! Mike Schneider schneid@jerry.stat.uiuc.edu !!
!! University of Illinois at Urbana-Champaign !!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Newsgroups: misc.invest