HDTenEightyP/NetNews huggingface dataset:
From: thait@col.hp.com (Thai Tran)
Newsgroups: misc.invest
Subject: Kennedy, Cabot & Co. Brokerage Firm
Date: 6 Jan 1993 21:49:22 GMT
Organization: HP Colorado Springs Division
NNTP-Posting-Host: hpcsrp4.col.hp.com

I wonder if anybody out there who have traded stocks using Kennedy, Cabot &
Co. Brokerage can comment on the brokerage's services.  I saw their ads in
the WSJ and I am thinking of opening an account with them.  Their
commission is very low but I wonder how their services compared to that of
Q&R or Oldies Discount Brokerages.

Newsgroups: misc.invest
From: burger@convex1.tcs.tulane.edu (The Rodman)
Subject: Re: Start Your Own Business
Nntp-Posting-Host-[nntpd-24886]: convex1.tcs.tulane.edu
Keywords: MLM
Organization: Tulane University, New Orleans, LA
Date: Fri, 8 Jan 1993 04:48:11 GMT

In article <gj196476@ccs.carleton.ca> gj196476@alfred.carleton.ca ( gj student 196476) writes:
> If you are interested, or are involved in network marketing, please
>send me a message.  There is great profit potential for those who are
>interested in starting their own business.  It's very easy and has
>very little start up costs.  This is NOT a Get Rich Quick Scheme.
>No, it is not a pyramid, thousands of people are involved in it right
>now.  This business gives you the opportunity to be financially
>independent in 3-5 years.  Yes, I mean you can retire at an early age.
>I've talked to lots of people who have done this.  Send me a message
>if you are interested.
>Bye.
>

    Can you say "Amway"?
      
      --The Rodman

----------Form .sig-----------Cut Here-----------Form .sig--------------
Brought to you by ______burger@convex1.tcs.tulane.edu__________.
	 	         (clever handle/net address)

Obligatory Disclaimer:  The (views/flames/falsehoods) expressed above
   are not representative of those of ______________________________.
                                         (reputable organization)

Obligatory Rhyming and/or Philosophical Verse:  The road foresaken,
                                                Is the road worth taking,
                                                For the man unshaken,
                                                In himself.
----------Form .sig-----------Cut Here-----------Form .sig--------------
Newsgroups: misc.invest
From: rs69@cunixb.cc.columbia.edu (Rong Shen)
Subject: what education is necessary for successful investment
Organization: Columbia University
Date: Sat, 9 Jan 1993 17:08:43 GMT

Hello:

	Currently I do not know anything about investment, but I plan
to trade stocks in the future. How should I educate myself? What
topics in the realm of finance should I read (competive analysis,
technical analysis, psychology)? Which type of investment is most
profitable, stocks, bonds, or (what are other types... scatching my
head)?

	Thank you very much.

Rong
--
rs69@cunixb.cc.columbia.edu
Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: opinions on fidelity mutual funds
Originator: dodson@bach.convex.com
Date: Fri, 8 Jan 1993 16:04:09 GMT
Reply-To: dodson@convex.COM (Dave Dodson)
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.

In article <perry-080193092625@bperry.gsfc.nasa.gov> perry@lheavx.gsfc.nasa.gov (Brendan Perry) writes:
>
>I have been involved with my company 401(k) program for 2 years and have 
>half my monthly additions to it put into Fidelity Magellan and half into
>Fidelity Growth and Income. Magellan seem to constantly have a - sign in
>the value column the last several quarters. Now I'm getting literature
>from Fidelity to invest in several mutual funds apart from my 401(k). 
>I've had money accumulating in my savings account at 3.6% 8-( and am 
>looking to do better. So, my question is, how does the Fidelity Disciplined
>Equity Fund look? I'm young enough to take a few risks, and plan to
>reinvest my dividends for now, and keep some of my savings as a backup.

Fidelity Growth Funds - Total Return (%)

                	1992	1991
                	----	----
Low Price Stock 	29.0%	46.3%
Value           	21.2	26.2
Trend           	16.8	36.3
Capital Appreciation	16.4	10.0
Contrafund      	15.9	54.9
Destiny II      	15.5	41.4
Stock Selector  	15.4	45.9
Destiny I       	15.2	38.9
OTC             	14.9	49.2
Special Situations	13.5	23.7
Disciplined Equity	13.2	36.0
Retirement Growth	10.6	45.6
VIP Growth      	 9.3	45.5
Emerging Growth 	 8.4	67.1
Growth Company  	 7.9	48.3
(S&P 500)       	 7.7	30.5
Market Index    	 7.3	30.3
Magellan        	 7.0	41.0
Blue Chip       	 6.2	54.8

In 1992, 15 out of 18 growth funds beat the S&P, and 3 trailed it.
In 1991, 14 out of 18 growth funds beat the S&P, and 4 trailed it.


Fidelity Growth and Income Funds - Total Return (%)

                	1992	1991
                	----	----
Convertible Securities	22.0%	38.7%
Real Estate     	19.5	39.2
Asset Manager: Growth	19.1	19.1
Equity-Income II	19.1	46.6
VIP Equity-Income	17.0	 NA
Puritan         	15.4	24.5
Equity-Income   	14.7	29.4
Asset Manager   	12.7	23.6
Growth and Income	11.5	41.8
Utilities Income	10.9	21.2
Fidelity        	 8.5	24.2
Balanced        	 7.9	26.8
(S&P 500)       	 7.7	30.5

In 1992, 12 out of 12 growth and income funds beat the S&P, and 0 trailed it.
In 1991,  4 out of 11 growth and income funds beat the S&P, and 7 trailed it.

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
Newsgroups: misc.invest
From: rkaren@cbnewsl.cb.att.com (robert.karen)
Subject: options brokers
Organization: AT&T
Distribution: na
Date: Thu, 7 Jan 1993 16:15:27 GMT


Have there been any lists compiled of recommended options brokers on
misc.invest. My broker, although having reasonable commissions, 
has an annoying margin requirement of 50% of the stocks current value,
irregardless of whether a naked call or put was sold. Thus, even as the
option moves farther out of the money, the margin requirement rises. Is this
normal? Can someone recommend another broker? Please email and I'll post
a summary of responses if they are numerous. Thank you!


Robert

Newsgroups: misc.invest
From: slansky_doug@macmail1.rtsg.mot.com
Subject: Re: solid-state polymer batteries by Valence Tech.
Organization: CSG Group
Distribution: usa
Date: Sat, 9 Jan 1993 16:52:39 GMT

In article <813@mesrx.UUCP> amw116@mesrx.com (amy m wong) writes:
>
>I'm curious if anyone knows anything about the new solid-state
>polymer batteries and the company that produces it.  This 
>technology is owned by Valence Tech.  I was reading in the 
>San Jose Mercury News, Dec.10, how Valence Tech. just 
>signed a $100 million deal to supply  Motorola Inc. with
>this new type of battery.  According to the article, it states that
>"Valence's batteries are lighter and have better recharging
>characteristics than the nickel-cadmium, or NiCad, battery packs now 
>popular for portable electronic devices, analysts said."  It 
>continues to say, "the profit potential is huge: The new battery costs
>about one-tenth as much to make as a comparable NiCad battery but 
>sells for 50 percent more."


Sounds Interesting.  Does Anyone know where Valence Tech. (Technologies, I
assume) is traded and what their symbol is?  Any other info out there regarding
company history/financial strength?  

Thanks,

Doug
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Basic Questions, part II
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Mon, 11 Jan 1993 19:06:59 GMT

In article <1993Jan10.033744.11491@vela.acs.oakland.edu>, temiraso@vela.acs.oakland.edu (thomas e mirasol) writes:
|> 
|> Take note that options are very risky, much riskier than buying the
|> stocks.                                ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^  
   ^^^^^^

I want to elaborate on this statement:

When you compare buying 100 shares of a stock versus buying an option on 100
shares, buying the STOCK is more risky.

When you compare buying $1000 worth of stock versus buying $1000 worth of
options on that stock, buying the OPTIONS is more risky.

So saying that options are more risky needs to be qualified.

*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@.dal.mobil.com
*********************************************************************
Newsgroups: misc.invest
From: keith@iscp.bellcore.com (Keith Hawkins)
Subject: Re: Holding on to gains/losses (WAS: < $5000:don't buy stock?)
Organization: Bellcore
Distribution: usa
Date: Fri, 8 Jan 93 18:12:37 GMT

In article <1993Jan07.190823.18966@microsoft.com>, peterhe@microsoft.com
(Peter Henriksen) writes:
|> In article <1993Jan6.152340.8004@porthos.cc.bellcore.com>
|> keith@iscp.bellcore.com (Keith Hawkins) writes:
|> >   For example, putting only $700 dollars in a given issue would
|> require
|> >   that the stock rise at least 10% before one reaches a break-even
|> point
|> >   Why?  With a miminum commission of $35, the turn-around cost is
|> $70.
|> 
|> Maybe I'm stupid, but I don't get it...  If you pay $35 in
|> commission,
|> don't you start making money as soon as your stock has risen $35 (or
|> 5-6%)?
[other stuff deleted]

Yes you do.  ON PAPER!!!!   Now, you go to your broker to sell and take
your
profits and guess what??
The broker charges you another $35 for the sell.  For a total of $70 in
transaction costs.

Example:
1) Buy 10 shares of XXX at $70  = $700 + $35 commssion = $735 total
money put in.
2) some time goes by.  10 shares of XXX now worth $77.   (A 10% gain)
3) Sell 10 shares of XXX at $77  = $770 - $35 commssion = $735 total
money received back.

Net gain.  ---------->    0.000000000 %  

Got it?

-Keith



Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: have to use tax 1040 form?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: usa
Date: Mon, 4 Jan 1993 15:53:21 GMT


In article <3JAN199311480186@csa2.lbl.gov>, schindler@csa2.lbl.gov (AARON SCHINDLER) writes:
>In article <1hvmq9INN3ga@CASPER.NA.CS.YALE.EDU>, chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang) writes...
>
>>The tax instructions say one needs to use form 1040 if one has capital gains.
>>I guess this includes capital gains from mutual funds. True?
>
>True, unfortunately.

I used to fill out 1040A and was scared of dealing with the 1040.  After
all, it is called the long form, so it must be LOOONNNGGGG.  When I got
married and have to use it, it was not that bad.  The instruction is
tedious, but filling the form is "piece of cake".
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 05 Jan 93 22:27 PST
Subject: Re: S-Corporations, et al and Income Pr
Nf-ID: #R:=#82bj=@rpi.edu:1833271444:cdp:1426500321:000:1209
Nf-From: cdp.UUCP!mcaldon    Jan  5 22:27:00 1993


|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?

There are many.  Here's one of each.  Pro - if title is in a
 corporation's name, inheritance is easier to manage.  Con -
income-tax filings can be more complicated and costly.

|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.?
|barry

Again, I'll name just one of each:  S-corps - as in a partnership,
you can pass through income or loss directly, without corporate
taxation.  C-corps - you can have its fiscal year end any time you
wish, which has advantages for transactions sometimes.  S-corps now
pretty much have to use a calendar year.  However, with certain
restrictions, you can change from C-corps to S-corps and vice-versa.
So you are not irretrievably locked into one or the other.  DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Newsgroups: misc.invest
From: buehlman@iwf.mabp.ethz.ch (Buehlmann Thomas)
Subject: Re: flash memory
Keywords: flash memory, disk drives
Organization: Swiss Federal Institute of Technology (ETH), Zurich, CH
Date: Wed, 6 Jan 1993 06:37:55 GMT

zdenek@ksr.com (Zdenek Radouch) writes:

>It's going to take a long time (if ever) before Flash chips can
>compete with disk drives. Just to give you some idea; they are
>very similar to EPROMs in densities and speeds except for the fact
Aren't they a lot more similar to the less  known E-EPROM?

>So if you need an updatable ~10MB READ ONLY device go for a Flash,
>otherwise you'll stay with a disk drive for a while.
>I don't think the Flash memories will affect the disk market at all.
I guess it is a matter of WHERE you use them. There may be segments where
disk-drives are not usable.
Newsgroups: misc.invest
From: sartin@88open.ORG (Rob Sartin)
Subject: Re: Money Stinks for Stock Advice, was Investment magazines
Reply-To: sartin@88opensi.UUCP (Rob Sartin)
Organization: 88open Consortium Ltd., San Jose
Distribution: usa
Date: Thu, 7 Jan 93 18:15:11 GMT

In article <scott.726340175@darwin> scott@darwin.life.uiuc.edu (Scott Howard) writes:
>I`d be suspicious of any advice I got for free-

Money isn't free.

>More likely, I`ve got a large, speculative position and I want to push
>an issue in a favorable direction and get out when all the stiffs follow
>my advice.

Even more likely, I am a journalist and I make my income by writing about
"EXCITING NEWS!".  I have to write something this month (even though my
_real_ opinion is that advice through last month was fine) so I'll have
to suggest _something_ to the readers.

Media hype.

Rob
Xref: sparky misc.invest:15653 misc.taxes:3926
From: tom@tsdiag.ocpt.ccur.com (Tom Motto)
Newsgroups: misc.invest,misc.taxes
Subject: Losing lottery tickets
Keywords: investment?
Date: 31 Dec 92 17:36:19 GMT
Distribution: usa
Organization: Concurrent Computer, Oceanport NJ


Our lottery pool has accumulated $1175.- worth of losing
lottery tickets for the N.J. lottery. (Obviously not a great
way to risk your money....)

These tickets are all for 1992. On the tax forms gambling
winnings must be declared, and gambling losses can be deducted
from the winnings.

None of these tickets are signed or "owned" by anyone. Is it
legal to sell these losing tickets to a person who has to 
declare gambling winnings? If the lucky gambler has to pay
33% taxes on his winnings, these losing tickets are worth
almost $392.- in tax deductions. If it is legal, is there 
a "market" where these gambling losses are sold?

Thanks - its a long shot but these tickets may indeed be worth
something!!
From: mcdonald@cs.sfu.ca (Ken Mcdonald)
Newsgroups: misc.invest
Subject: Re: Janus Twenty Closing to New Investors - Significance?
Date: 12 Jan 93 04:11:45 GMT
Distribution: usa
Organization: CSS, Simon Fraser University, Burnaby, B.C., Canada


As a note to add to the closing of the Janus 20 fund, I think that the closing
of popular funds is generally a good sign--it means that the manager(s) wish
to emphasize performance through mobility, rather than profit from size. 
What is arguably the best long-term performance fund in the U.S. (CGM Capital
Development fund, run by G. Kenneth Heebner) has been close for six or
seven years, for precisely this reason.  Any money you invested in this
fund ten years ago would have octupled in value by now!

Of course, this doesn't mean that the manager of Janus 20, Thomas Marsico (sp?)
will turn in a stellar performance just because the fund has closed.  But it
certainly does make his job easier.

Does anyone know what percentage cash the Janus 20 fund is currently holding?

Ken McDonald
mcdonald@cs.sfu.ca
Newsgroups: misc.invest
From: rao@hsi.com (Ananth Rao)
Subject: Dorfman airs his views on RMR??
Organization: 3M Health Information Systems, Wallingford CT
Distribution: usa
Date: Fri, 8 Jan 1993 13:51:18 GMT


Dan Dorfman supposedly talked about Resource Morgage Invest. Corp. (NYSE: RMR) 
on CNBC last night. 
I missed the program. Anybody see it? What did he say about RMR? 

-- 
Ananth Rao                                    {uunet,yale}!hsi!rao
3M Health Information Systems                          rao@hsi.com
Wallingford, Connecticut
From: lynch@hpcc01.corp.hp.com (Howard Lynch)
Newsgroups: misc.invest
Subject: Re: < $5000:don't buy stock?
Date: 6 Jan 93 01:26:06 GMT
Organization: OCD IC MFG

>I have set as a goal for my $$$$ to amass as much principal (or
>something that can be converted to principal) within the next 2 years so that
>I can use the interest to subsidize the considerably smaller income I will
>have in 2 years (i.e. I'm taking time off in 2 years).

2 years is not a long time, and this too is a factor in what is being
recommended to you, I suspect.

>She's guiding me strongly into mutual funds with an equity portfolio, or
>junk bonds.  I suggested investing some of my $$$$ into hi-tech stocks
>(Apple, Claris, MicroSoft) and her reply was that $5000, even $10000 was
>just too little of a sum to invest in stocks, even in stocks that currently
>pay a decent dividend.
>
>could someone please explain her comment to me???? thankx, ...lisa
>----------

I think the point of the comment is that you can't get diversified 
enough in stocks with only $5,000.  Without diversification, sure you CAN
do well (as the first response has done since November), BUT BUT BUT you
do this by taking RISK RISK RISK.  If you want to take the risk, fine, go
ahead, you may be the lukcy one.  High risk means you'll probably lose
money.  If you don't, you'll make pretty good returns.

Her advice is conservative.  If you want to do something less conservative,
take the risk.  But if you lose money, realize that you made the decision
up front to take the risk.

If making 22% return in 3 months was easy (ie risk-free), don't you
think we would all do it?

Hey, I'm by no means an expert or even very knowledgable about this
stuff.  But watch out, I'm not so sure that others who will reply to
this are either, and I'd also not assume that your financial planner
is either.  My experience with a financial planner is that he did better
padding his own finances than mine :-)

Worth $.02?  Let me know.
Newsgroups: misc.invest
From: dewey@vpdbox.austin.ibm.com (Dewey Coffman)
Subject: Environmental Test Systems Inc
Date: Thu, 7 Jan 1993 17:41:01 GMT
Reply-To: dewey@vpdbox.austin.ibm.com
Organization: IBM, Austin, TX. US of A.


        Looks like a good company to invest in.
        -dewey
======================================================================
STRIP COULD HAVE AVERTED SPILL:
   Environmental Test Systems Inc. Tuesday said the use of its new
75-cent test strip that can identify seawater contamination in
fuel tanks could have averted Tuesday's tanker spill in the
Shetland Islands. Seawater contamination is thought to be at fault
when the British tanker Braer lost power. Five hours later, the
ship ran aground in strong winds, spilling 600,000 gallons of its
2 million.
                                ####

---
Dewey Coffman		ibmpa!vpdbox.austin.ibm.com!dewey%ibminet.awdpa.ibm.com
Consulting @ IBM			dewey@ctci.com
11400 Burnet Rd				All opinions are mine.
Austin, TX 78758-3493, USA		(512) 823-6463
===============================================================================
	"I do hope that you rot in Hell"   -The Christian JFH II
"Resistance is futile, you will be assimilated." -Locutis of Borg
Newsgroups: misc.invest,misc.taxes
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Need advice to lower taxes
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Wed, 6 Jan 1993 21:37:04 GMT

In article <1993Jan6.192026.8885@asl.dl.nec.com> dillhoff@aslws01.asl.dl.nec.com (Doug Dillhoff) writes:
>
>I have a friend who makes over 100K/year and is looking for ways to
>lower his tax liability. He is already maxed out in 401k. His house
>is paid for so he only has real estate tax deductions. He is in his
>50's so he doesn't want something that is risky. Are there non-taxable
>bonds of some sort where both the investment and the earnings are
>not taxed? Please send advice.

Municipal bonds still supply a steady and completely tax free
income, albeit not too high.    25 year municipals with decent
ratings are available for approx 6.5-7% today.  If his state has a
high income tax, get municipals issued in that state, which are
usually tax free for both federal and state taxes.

(He should try for non-AMT bonds)


Or he can invest in a municipal bond mutual fund.  The interest (not
gains) paid by the fund are tax free on the federal tax form.
(modulo AMT)

If his state has a high income tax rate, there are usually bond funds
available just for that state;  e.g., New York, California, Ohio, ...

He can also place $2000 per year into an IRA account.  While he
cannot deduct the $2,000, all earnings in that account grow untaxed
until he withdraws thpse funds many years from now.

If he gives to charity, he should consider giving appreciated
property.  (AMT may or may not be affected - he will need to
calculate the effect)    If he doesn't give to charity,  he should
consider starting.  It will do good, perhaps make him feel better,
and may be deducted dollar for dollar from his return.

Giving appreciated property allows him to deduct the fair market
value of the property without declaring capital gains.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Article: 28340 of misc.invest
Organization: AT&T
Date: Thu, 7 Jan 1993 13:09:40 GMT

In article <1993Jan6.192534.10914@cs.ucla.edu> gast@oahu.cs.ucla.edu (David Gast) writes:
>
>Why open a Scwab account?  You can transfer money among mutual funds
>yourself without having to pay Schwab any money.  Unless you believe
    
With a Schwab account (and many other accounts) you can also transfer
between fund families directly, e.g. Fidelity to Janus. You don't ne-
cessarily have to pay any money either. Schwab (and maybe others) allow
you to buy and sell some fund families with no commission fee to Schwab.
 
>in your ability to time the market perfectly, a day one way or the
>other is not going to make that much difference.  (And if you think you
>can time the market perfectly, you should not be investing in mutual
>funds.  
     
Not true. What should you be investing in then? Even people who are
good at timing (e.g. Zweig) aren't necessarily good at stock picking.
If you're good at timing the best strategy might be to buy when you
think the market is headed up those
mutual funds which do the best in up markets.
  
>
>Secondly, and more importantly, I would suggest that you read over the
>account agreement very carefully.  Schwab reserves the right to do a lot
>of things with your investments you may not like.

Like what? And do theses things differ from other brokers? If you're
talking about things like selling your stocks to cover over-margined
positions everybody reserves the right to do stuff like that.

Newsgroups: misc.invest,misc.taxes