HDTenEightyP/NetNews huggingface dataset:
From: jdart@donner.Rational.COM (Jon Dart)
Subject: Re: Quicken & Investments
Organization: Rational, Santa Clara, CA
Date: Mon, 4 Jan 1993 18:16:35 GMT

In article <1993Jan2.143316.783@uoft02.utoledo.edu> brieck@uoft02.utoledo.edu writes:
>	Didn't I just read a couple of days ago about an add-on for Quicken?
>Someone said that it was about $19 if I remember correctly.

  I haven't heard about this, but I'd be interested in it.

>	I recently purchased Quicken for Windows and am hoping it will help me
>as I start to invest. I love the program and it works well for credit
>cards/bank accounts/etc, but how well is it suited to stocks/bonds?

   I just started using Quicken 2.0 for Windows for investments.  The
checkbook part of this program is truly excellent, but the investment
stuff has a few warts.  Some of the problems I've found:

   1. If you sell shares and mark the transaction as "ShrsOut", Quicken
records the number of shares sold but not the price.  If you subsequently
compute capital gains and don't have an accurate price on file for the
day you sold, you get bogus numbers and no warnings.  This is dangerous!

   2. Problem 1 can be solved by marking the transaction "SellX" (sell and
transfer).  This works fine if you transfer the proceeds to a money market
account and it gets there immediately.  Unfortunately, you can't use this
method if you get a check and put in your checking account some days later.
I tried doing this and changing the date in the checking register to
reflect the actual date of deposit.  But then Quicken recomputed the
sales price to reflect some kind of average over the holding period
for the fund - really strange (and wrong!).

   3. Entering historical price data for a security is a pain.  If you
choose "Update Prices" from the menu, Quicken will only let you enter
prices for the current date.  You can import price data from an ASCII
file, but this is not very convenient.

   I'm still trying to use this program for investments, but it's not
going as smoothly as I hoped it would.

-- Jon


--
Jon Dart  | 3320 Scott Blvd.,          | jdart@rational.com|
Rational  | Santa Clara, CA 95054-3197 |                   |
          | 408-496-3656               |                   |
From: brad@optilink.COM (Brad Yearwood)
Newsgroups: misc.invest
Subject: Re: EXABYTE - Any comments ?
Date: 7 Jan 93 19:09:14 GMT
Organization: Optilink Corporation, Petaluma, CA

In article <4BHZwB2w161w@cdthq.UUCP>, gary@cdthq.UUCP (Gary Heston) writes:
# laliths@Autodesk.COM (Lalith Subramanian) writes:
# 
# > Wondering whether anyone has comments on Exabyte( EXBT ) ...
# > ... But, since then, the stock
# > has fallen to less than 50 % of its high.....
# 
# Exabyte had the high-capacity tape backup market to itself for a few
# years, but competition has emerged in the form of DAT and 500MB QIC
# drives; accordingly, their sales have dropped off. Maintenance and
# repair of Exabyte drives is expensive, too, which has turned off
# some of their customers. There's little point in paying $6K for a
# drive to store 2.5GB when a DAT drive will store 2.2 (now up to 4)
# and can be purchased for $1500 (not sure about the 4GB cost). Tapes
# are cheaper, too.
# 
# I wouldn't expect any huge gains from Exabyte in the forseeable 
# future; as far as I know, they aren't coming out with any new 
# technology to make dramatic improvements (the newest drive is 5GB,
# which is a trivial upgrade adding compression).

I am reasonably certain that the 5GB Exabyte drive does _not_ depend
upon compression - it is a different recording structure.  Some people
sell modified versions of this drive which incorporate compression and
which claim higher than 5GB best-case capacity.

Current street price on a 2.3GB Exabyte drive is around $2200, not $6K.
SunExpress price for a packaged 5GB drive is $3485.

The fact that current street prices for Exabyte products are less than
half what they were 2-3 years ago does indicate that competition is
forcing them to run on thinner margins.  I agree that Exabyte's stock will
not do much unless they introduce more attractive products.

I still like the idea that in an emergency I can pick up usable recording
media at the local 24-hour supermarket for maybe $7, and that I am _not_
paying the criminally mis-conceived DAT media tax.

Brad Yearwood    brad@optilink.com     {uunet, pyramid}!optilink!brad
Petaluma, CA
Newsgroups: misc.invest
From: 6881300@LMSC5.IS.LMSC.LOCKHEED.COM
Subject: Re: russian mutual funds
Organization: Lockheed Missiles & Space Company, Inc.
Date: Thu, 07 Jan 93 11:30:19 PST

>Hi,
>   I haven't begun to invest.....I want to learn much more! But I do have
>a question:
>   If I believe that Russia will sort out it's problems and regain control
>of their economy, would there be a mutual fund that I could invest in that was
>largely composed of Russian stocks/bonds/etc?
>
>Brian Rieck

This is the ultimate contrarian investment.  There's no stock exchange,
no banking system, no capital, no stable currency, no stable government.
Need I go on?









Newsgroups: misc.invest
From: alan@hprnd.rose.hp.com (Alan Berkema)
Subject: Fund basis?
Date: Tue, 5 Jan 1993 17:19:22 GMT
Organization: Roseville Networks Division
X-Newsreader: TIN [version 1.1.8 PL6]


Hi,

I have not found a good explanation of how to calculate the cost basis of 
a mutual fund when it goes x-dividend in the current FAQ. I have included
an explanation form a previous FAQ on mutual funds but it is still not clear.
I have already requested the IRS publications mentioned.
An example might help. 

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

10 shares with NAV = $10.00 per share
x-dividend          = $1.00 per share
taxable income     = $10.00

now have 11.11 shares at $9.00

What is the cost basis if I sell now?

What if I wait a few years before I sell and the process repeats?

Thanks in advance.

Alan


------------------
Previous FAQ include below:
------------------
> 
> From timlee@public.btr.com Sun May 10 21:42:34 1992
> Relay-Version: version Notes 2.8.4  1990/05/09; site hprnd.rose.hp.com
> From: timlee@public.btr.com
> Date: Mon, 11 May 1992 04:42:34 GMT
> Date-Received: Mon, 11 May 1992 14:40:33 GMT
> Subject: FAQ:  Mutual Funds
> Message-ID: <6594@public.BTR.COM>
> 
> Q:  What are the tax implications of mutual funds?
> 
> A:  Like shares of stock, selling mutual fund shares may cause you to
>     realize a capital gain or loss.  Mutual funds also distribute dividends
>     received and their own realized capital gains, usually at the end
>     of the year; these distributions, whether taken in cash or reinvested,
>     are taxable (note that the nontaxability of municipal bond funds
>     applies only to dividend distributions; capital gain distributions
>     are always taxable).  Thus it is often a bad idea to buy a mutual
>     fund just before the distribution date, since part of your investment
>     will be immediately returned to you as a taxable distribution, resulting
>     in you paying taxes much earlier than if you bought just after the
>     distribution.  Although the distribution lowers the net asset value
>     of your shares, allowing you to "deduct" it when you sell the shares,
>     paying taxes sooner rather than later prevents you from gaining
>     investment income on the amount that is taxed.  Note that reinvesting
>     is considered identical to taking the distribution in cash and
>     sending the same amount into the fund as a new investment, so don't
>     forget about it when calculating the basis in your account.  When
>     selling, it is best to know the different methods of calculating
>     the basis of shares sold ahead of time, since some methods require
>     that you designate which shares are to be sold.  For more information,
>     call 1-800-TAX-FORM and ask for publications 544, 550, and 564, and
>     schedules B and D.
> 
Newsgroups: misc.invest
From: glf@oclc.org (Greg Feldman-Hill)
Subject: Novice question: Growth v Income
Keywords: mutual funds, growth, income, novice question
Organization: OCLC Online Computer Library Center, Inc.
X-Newsreader: Tin 1.1 PL3
Distribution: usa
Date: Thu, 7 Jan 1993 21:08:04 GMT


Sorry if this is a really lame question, but...

When looking at mutual funds for stock investing, some are said to be
"growth", some are "income" and some are both "growth & income".
If I've money to invest, which type of fund is better for short term
(1 year or less) and which for longer term (or is this irrelevant)?

If there's a place to ftp an FAQ list, please let me know.  Also, if
there are good (current) intro books on mutual fund investing, I'd
appreciate that too.

You can E-mail me if this is info that misc.invest readers don't need
to see.

Many Thanks

-- 
=-=-=-=-=-=-=-=-=-=-=[ Greg Feldman-Hill  glf@oclc.org ]=-=-=-=-=-=-=-=-=-=-=
OCLC - Online Computer Library Center, Dublin, Ohio         (614) 764-4356
           / "There's no problem so awful that you can't         \
           \  add some guilt and make it even worse!"     Calvin /
Newsgroups: misc.invest
From: ddickey@aspen34.cray.com (Dan A. Dickey)
Subject: Re: Buying Precious Metals
Originator: ddickey@aspen34
Organization: Cray Research, Inc.
Date: 6 Jan 93 09:05:43 CST


In article <1993Jan6.005126.23524@medicus.com>, sjackson@medicus.com (Steve Jackson) writes:
>         Survivalist - small coins (hard to buy a loaf of bread with 1 oz gold),
>                 of traditional metals (gold, silver, maybe platinum).

Not at all...send me the 1 oz gold, I'll send you the loaf of bread.
I'll even pay postage & handling.  :-)		-Dan
-- 
---------
Dan A. Dickey      ddickey@cray.com
Newsgroups: misc.invest
From: wmc@sei.cmu.edu (Michael Caldwell)
Subject: Re: Buying stocks directly from a company
Organization: The Software Engineering Institute
Date: Wed, 6 Jan 1993 12:17:38 EST


In article <10908@vtserf.cc.vt.edu>, ranck@joesbar.cc.vt.edu (Wm. L. Ranck) writes:
|> matthew bohnert (bohnert@leland.Stanford.EDU) wrote:
|> : 
|> : >There is an initial $24 fee for a two-year membership.You must also pay First
|> : >Share a small fee ($2.50 - $4.00 per company) to arrange contact with a member
|> : >who will sell you a share. The purchase price is then negotiated between the
|> : >members with a recommended $7.50 "mark-up" to cover the sellers costs. You are
|> : 									^^^^^^^
|> : >obligated to sell a share when contacted. 
|> : ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
|> : 
|> : WHOA!  You are `obligated' to sell your shares?!?!?!  What kind of `club' is
|> 
|> The question I would ask: 'Is this a contractual obligation?'  I can understand
|> it as an informal 'understanding' but you wouldn't want to be forced to sell
|> shares everytime someone asked because you might never be able to build up
|> a holding.
|> --
|> 

Quoting from the First Share Enrollment Agreement:

"I presently own stocks in the following companies, and agree to sell single
shares to First Share members referred to me by First Share: _____ I also
agree to sell to other First Share members single shares of stock in companies
which I acquire through First Share.  I understand that my enrollment in First
Share is for an initial period of two years, and that my obligation to respond
to purchase requests continues during this two year period."

I have heard of other alternatives that can be less expensive and without the
"headaches" of having to sell to other members (namely NAIC and discount
brokers). 

I have yet to hear comments from anyone currently or previously a member of
First Share.

This is apparently just one of the ways an individual can buy single shares of
stock. First Share was recommended in a publication I recently read. Thus far
I am slightly disappointed. The people who gave the recommendation were
mentioning it in reference to the benefits of owning a even single share of
Disney stock. Apparently stockholders get discounts (up to 40% as I recall) at
the resorts. It would seem beneficial if you regularly venture there.
Unfortunately, I couldn't find Disney listed in the First Share company list.

Michael Caldwell
Resident Affiliate
CASE Environments Project
Software Engineering Institute
Carnegie Mellon University
From: faigin@aero.org (Daniel P. Faigin)
Newsgroups: misc.invest
Subject: Re: Chapter 11
Date: 4 Jan 93 12:40:56
Organization: The Aerospace Corporation, El Segundo, CA
NNTP-Posting-Host: soldan.aero.org
In-reply-to: ojvind@chagall.cns.caltech.edu's message of 4 Jan 1993 19:45:54 GMT

On 4 Jan 1993 19:45:54 GMT, ojvind@chagall.cns.caltech.edu (Ojvind Bernander) said:

> Why is it called chapter 11?

It refers to a particular chapter of the US Bankrupcy Code. Other common
"Chapters" cited are Chapter 7, Chapter 9, and Chapter 13. No, I don't
remember the differences between them. On the top of my head, I think chapters
7 and 9 are personal, and 11 and 13 business. 7 and 11 are reorganization, 9
and 13 are liquidation.

Daniel
--
[W]:The Aerospace Corp. M1/055 * POB 92957 * LA, CA 90009-2957 * 310/336-8228
[Email]:faigin@aerospace.aero.org              [Vmail]:310/336-5454 Box#13149
		    "And as they say, the rest is compost"
From: barmar@think.com (Barry Margolin)
Newsgroups: misc.invest
Subject: Re: < $5000:don't buy stock?
Date: 6 Jan 1993 22:57:02 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
NNTP-Posting-Host: telecaster.think.com

In article <kfGNgOa00WB=MLDEw=@andrew.cmu.edu> lv0e+@andrew.cmu.edu (Lisa Laverne Vaughan) writes:
>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).

Someone else mentioned that the "2 years" may have been a factor in the
advice you recieved, but he didn't expand on that.

Consider how much of a return on investment you would have to get so that
you will raise the capital you will need to take that time off.  You didn't
say how much time off you'll be taking, or what you'll be doing during that
time (if you'll be traveling, that's an extra expense).

While followups have mentioned enormous returns people have received by
finding the right investments, it's probably more realistic to hope for
about a 15% annual return in this economy.  If you invest $10K for two
years, this is about a $3K return, of which about $1K will go to taxes.
So, will raising $2K in two years satisfy your needs?
-- 
Barry Margolin
System Manager, Thinking Machines Corp.

barmar@think.com          {uunet,harvard}!think!barmar
From: Lyle_Seaman@transarc.com
Newsgroups: misc.invest
Subject: Re: investing $20
Date: 8 Jan 93 06:51:31 GMT
Article-I.D.: transarc.ofHP4HD0BwwbELWjdS
Organization: Carnegie Mellon, Pittsburgh, PA

rs69@cunixb.cc.columbia.edu (Rong Shen) writes:
>         I have been following this group, and I am surprised to find
> no one who is thinking about my strategy. What are the fatal flaws of
> my "fantastic plan?"

If you want to buy some shares of WANB at $2, I've got a few to sell.

Lyle		Transarc		707 Grant Street
412 338 4474	The Gulf Tower		Pittsburgh 15219
Newsgroups: misc.invest
From: iba@kronos.arc.nasa.gov (Wayne Iba)
Subject: Re: Trading Places
Keywords: Eddie Murphy
Organization: NASA/ARC Information Sciences Division
Distribution: usa
Date: Wed, 6 Jan 1993 00:05:17 GMT

cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:

>>3.  Ackroyd lets the Duke's Trader buy for awhile (while most everyone
>>else stays on the sideline, waiting for the official release of the
>>Crop Report), which raises the price.  After the price rise, Ackroyd
>>starts selling big volumes ("Sell 200 fcoj at 142" sticks in my mind
>>as Ackroyd's first bid), which starts driving the price down.

>I don't know the details, but it's my impression that selling large
>volumes of futures short requires money, stock and/or credit.  The
>commodity exchanges aren't going to allow someone to come off the street
>and incur huges financial liabilities without some backing.

As someone else pointed out, they did come in with cash,
but most importantly, did the price ever rise significantly
above the point where they sold?  (I don't think so but my memory
is fuzzy.)

--wayne
Newsgroups: misc.invest
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Subject: Tech. Analysis magazines/books...?
Organization: Skidmore College, Saratoga Springs NY, 12866
Distribution: na
Date: Wed, 6 Jan 1993 02:40:30 GMT


Speaking of investment magazines... I've been combing through
Compuserve, picking up Technical Analysis programs to try.  But, I
don't know much about this area (have done Fund. Analysis in the
past).  Anyone know of a good book or perhaps magazine?  I've heard of
Technical Analysis for Stocks and Commodities Magazine (or something
like that), but perhaps a good book is the place to start.


-- 
Pierre von Kaenel  |  Math & CS Dept | Skidmore College | pvonk@skidmore.edu
----------------------------------------------------------------------------
1983 game ads from PC Connection : Temple of Apshai, Curse of Ra, Zork,
Deadline, Frogger, Call to Arms, Tigers in the Snow, Apple Panic; $15-$35
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Fri,  8 Jan 1993 16:29:10 -0500 
From: Joel Bloch <jb6k+@andrew.cmu.edu>
Subject: tax software

anybody have recommendations for income tax software for IBM or Mac
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: How can I profit by investing $20?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Thu, 7 Jan 1993 16:13:09 GMT


In article <1993Jan7.031028.1533@walter.bellcore.com>, jchen@wind.bellcore.com (Jason Chen) writes:
>
>|> Hi Experts:
>|> 
>|> 	At this moment, I have just $20 in my pocket. I can not take
>|> the delight in thinking about buying 100 shares of stocks each of
>|> which is worth $150. In what kind of investments can I stake my $20?
>|> How can I get started?
>|> 
>|> 	Thanks very much.
>|> 
>
>Buy 20 lottery tickets. If you are lucky, you get rich. If you are not,
>you helped to trim NY deficit. 

BAD expected return.  You won't help the deficit by giving more.  That is
like fighting fire with gasoline.  Call a Las Vagas bookie and bet on the
next superbowl winner.
Newsgroups: misc.invest,misc.taxes
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: IRA (Re: Need advice to lower taxes)
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Tue, 12 Jan 1993 15:34:17 GMT


In article <C0p76u.BK3@news.cso.uiuc.edu>, acheng@ncsa.uiuc.edu (Albert Cheng) writes:
>
>That is not right.  The combined deductible IRA contribution for
>a couple with one work and one not working (i.e. no taxable income)
>is $2500; but there is no rule about how much in which IRA provided
>it does not exceed $2000.  E.g. Jane's income is $20K but her
>husband John has no income (e.g. an artist :-), all the following
>combinations of IRA contributions are legal and fully deductible (assume
>neither of them have any qualified pension plan):
>
>	Jane	John
>	$2000	$500
>	$1250	$1250
>	$500	$2000
>	$0	$2000

I made a mistake in the dollar amount.  It should be $2,250, NOT $2500,
for married couples.  The example should be like:
	Jane	John
	$2000	$250
	$1125	$1125
	$250	$2000
	$0	$2000

Also, there is an exception no one has mentioned yet.  Usually, if
just one spouse is covered by a pension plan, both cannot take
IRA deduction, whether they file jointly or separate.  One exception,
if the couple files separate AND they have not lived together the
whole year, the spouse without pension plan may take IRA deduction.
Newsgroups: misc.invest
From: casley@Tarski.Stanford.EDU (Ross Casley)
Subject: Re: IRAs & Taxes
Organization: Computer Science Department, Stanford University.
Distribution: us
Date: Thu, 7 Jan 1993 22:08:42 GMT

In article <1993Jan7.180506.12751@clpd.kodak.com>
staffan@ca.serum.kodak.com (Kenneth Staffan (x37507)) writes:
>... if one spouse has a 401K, but the other (full-time,
>working) spouse doesn't, can the spouse without the 401K make an IRA
>contribution and deduct it (on a joint filing)?

Sorry, no.  And it makes no difference whether you file jointly or separately.





Newsgroups: misc.invest,misc.taxes
Subject: Re: Need advice to lower taxes
From: gary@cdthq.UUCP (Gary Heston)
Date: Tue, 12 Jan 93 18:45:25 CST
Organization: Garys' Home for Obsolete Computers

fierro@uts.amdahl.com (Doug Fierro) writes:

> In article <H1V5wB1w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
> >barrett@forge.gatech.edu (James Barrett) writes:
> >
> >> On this issue of deductible IRAs, I'm unclear about what it means to
> >> be "covered" by a 401(k).  My wife will be eligible for using her company'
> >> 401(k) late in the year.  If she does not take advantage of it, will our
> >> IRA contributions still be limited (erased if we make $50k)?
> >
> >Whoa, folks; there's some confusion here.
> >
> >A 401(k) is not the same as the "qualified pension plan" whose existance
> >affects IRAs.   [ .... ]
> 
>   I have a question- would matching contributions by an employer to 
> a 401K plan be considered a qualified pension plan, and therefore
> not allow one to take the tax deduction on an IRA?  I am curious if
> your company matches 401K contributions since you say they have a
> qpp already in place.

No, employer matching is part of the 401(k), not the qpp. And yes, I
do get some matching against part of my contributions. I'm also maxed
out on the contributions and matching, as of Jan 1....

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: tomt@nano.sps.mot.com (Tom Tomazin)
Subject: muni bond fund
Reply-To: tomt@nano.sps.mot.com
Organization: Motorola Semiconductor Sector
Date: Wed, 6 Jan 1993 15:35:28 GMT

Hello,
I am looking for a good no - load municipal bond fund.  The investment objectives
of the fund should not be limited to short-term or limited term bonds.
Any recommendations?
Thanks, 
Tom
tomt@nano.sps.mot.com
From: shag@aero.org (Robert M. Unverzagt)
Newsgroups: misc.invest
Subject: Conner Peripherals
Date: 4 Jan 1993 17:00:14 GMT
Organization: Organization?  You must be kidding.
Distribution: na
NNTP-Posting-Host: aerospace.aero.org

Does anybody have any info on Conner Peripherals (CNR) --
how good business is, their outlook for the next few
years, customers, suppliers, etc?  Thanks.

Shag

-- 
       Rob Unverzagt        |
  shag@aerospace.aero.org   |   The will to a system is a lack of integrity.
unverzagt@courier2.aero.org |                        - Friedrich Nietzsche 
   18348@rhodes.aero.org    |
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 07 Jan 93 00:23 PST
Subject: Re: Accumulation-Distribution Rating in
Nf-ID: #R:1993Jan6.013157.10592@ecsvax.unc:-1837449792:cdp:1426500324:000:584
Nf-From: cdp.UUCP!mcaldon    Jan  7 00:23:00 1993


|Can someone explain the Accumulation-Distribution Rating that is 
|listed in _Investor's Business Daily_?  What exactly does it mean?
|--rb

As I recall, an "A" rating is tops and shows big buys on upticks. 
"E" is the lowest.  IBD's latest gimmick is a rating of mutual
funds owning each individual stock.  Their listings are now so
complicated they run different stuff on different days.  But they
really are informative, IMHO.  DMcKenzie

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


Newsgroups: misc.invest