HDTenEightyP/NetNews huggingface dataset:
Newsgroups: misc.invest

>1.)  When you take a capital loss with mutual funds or
>     any other investment, can you apply that against
>     your earned income come tax time?  How much?

Yes, but there is a limit ($3000 ???).  If the loss is greater than the limit,
you can carry the loss over into the next year, and the next year, and so on.
However, if you have other capital gains, you can offset them with the loss
before you apply the $3000 (or whatever it is now) test.
From: jberlin@falcon.aamrl.wpafb.af.mil
Newsgroups: misc.invest
Subject: Re: Annual Reports : how to get?
Date: 13 Aug 92 08:17:05 EST
Distribution: world
Organization: USAF AL/CFH, WPAFB, Dayton, OH

In article <14246@mindlink.bc.ca>, Clive_Camm@mindlink.bc.ca (Clive Camm) writes:
> The easiest way to get annual reports from a company, if you don't own the
> stock, is to phone the company, and ask for the Investor Relations department.
> Tell them you are interested in the stock, but want to read the annual report
> first.  They should drop one in the mail for you right away.  If they don't,
> they're not doing their jobs.
> > 
-- 

       Annual reports differ in style and slickness.  As long as one is 
 contacting the company, ask for the entire package.  The main document
 to get is the SEC required filing or the '10-K' report.  Also ask
 for the latest proxy statement, which often lists executive compensation,
 and the lastest quarterly report.  The annual report on form 10-K is
 more straightforward and sober.  It lists the company's line(s) of 
 business, its competitive climate, outstanding legal proceedings and
 other pertinent information such as last 10 years earnings, dividends, etc.
 Some good companies actually use the 10-K report as their annual report.
 Most stockholders do not read the annual report except for the chairman's
 message toward the front, in which you will rarely ever find anything
 that may be negative about the company.  

  Jim Berlin
 
"The opinions and views expressed here are strictly my own and do not 
necessarily reflect the official position of either the U.S. Air Force 
or its contractors."

Newsgroups: misc.invest
From: federkin@rtsg.mot.com (John Federkins)
Subject: Re: Wall Street Week recommendations
Organization: Motorola Inc., Cellular Infrastructure Group
Distribution: usa
Date: Tue, 18 Aug 1992 14:26:05 GMT

tony2@prefect.uucp (21131-gozdz) writes:
>We measured the price performance of the 200 recommendations over several 
>periods, adjusting for the general market trend over the same period. [...]
>					Excess performance of
>					recommended stocks
>second week before show		        +0.4%
>week before show				+0.8%
>day after show					+2.1%
>remaining 4 days of week after show		-0.3%
>second week after show				+0.4%
>next six weeks after show			-3.2%

>[...] The overall conclusion, however, is that if want to make money 
>on Wall Street Week recommendations, you can't do it by watching the 
>show - you'll have to locate a _forthcoming_ guest and find out what 
>he plans to recommend when he appears.

There are always ways to make money if you have a "predictable"
stock performance.  In the example above, simply short sell the
stock after the 2nd week and buy it back after six more weeks.
Depending on your volume and commissions, you'll net about 3% in
six weeks (about 26% annual) -- pretty good.  And if you want a higher
return, buy puts after the 2nd week.

By the way, do you have any info in the > 6 weeks range?

Thanks,
JF
-- 
------------------------------------------------------------------------
   "The sooner you fall behind, the more time you have to catch up!"
John Federkins				Cellular Infrastructure Division
Motorola, Inc.				Arlington Heights, IL
From: df2tg2n@ties.bell-atl.com (Steve Rosen)
Newsgroups: misc.invest
Subject: 401k Rollover Legality Question
Date: 17 Aug 92 15:04:52 GMT
Reply-To: df2tg2n@shoes.bell-atl.com
Organization: Bell Atlantic - Phila, PA


Can somebody tell me if this is legal?

I intend to rollover a 401k plan from a previous employeer into a
self-directed IRA plan.  I know that I have 60 days from when I receive the
money until I roll it over into the new plan.

Here are the questions:

(1) If I take 61 days or more to roll it over - and I do roll it over -
    what penalties am I subject to?  Can I still roll it over or is it
    considered a taxable distribution + 10% penalty?
 

(2) Are their any implications to interest I might earn (besides having to
    pay tax on it) during that 60 day period before I actually move it to
    the new plan?


E-mail responses please.  Thanks!!!!

-- 
 --=========================================================================--
   Steven M. Rosen / Consultant @ Bell Atlantic - SW Engr. Tech. & Standards
                                  1717 Arch Street (6S2), Phila., PA 19103
   Phone Numbers: W (215)466-2061, FAX (215)563-0517, H (215)465-5334
               +++ Internet/E-Mail: df2tg2n@shoes.bell-atl.com +++
 --=========================================================================--
Newsgroups: misc.invest
From: af322@cleveland.Freenet.Edu (Kevin Adams)
Subject: Navistar...?
Reply-To: af322@cleveland.Freenet.Edu (Kevin Adams)
Organization: Case Western Reserve University, Cleveland, OH (USA)
Date: Sun, 16 Aug 92 19:55:17 GMT



I have a small investment in Navistar(International Harvester) and
I was wonder ing if anyone had any opinions on where it is
headed.
 
Thank you for any info!

Newsgroups: misc.invest
From: goykhman_a@apollo.hp.com (Alex Goykhman)
Subject: Re: is it time to invest in Japan?
Date: Fri, 21 Aug 1992 19:54:35 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA

In article <1931@coyote.UUCP> shekita@yeti.almaden.ibm.com (E. Shekita) writes:
>>Long term, I don't think Japan is as much of an economic powerhouse as
>>the media would have you think. If the world commodities market ever
>>recovers, they'll really be in for it, given their utter lack of natural
>>resources. Canada, Australlia, the U.S., Saudi Arabia, and (eventually)
>>Russia aren't going to put up with giving away their resources with no
>>value added forever.
>
>By this reasoning, Russia and Africa should be world economic 
>powers. Instead, they're towards the bottom of the pile.
>I would argue that a country's most important resource is its 
>people --- their work ethic, their educational values, their 
>willingness to sacrifice for the future, their citizenship,
>the government and business communities they establish. 

    Nope.  A country's most important resource is its viable
    economic and political systems.  Indeed, that is why West
    Germany, South Korea, and Taiwan are better off than East 
    Germany, North Korea and the PRC.  By "viable", I mean 
    "efficient" as well as "being able to adjust to the ever 
    changing world".

    If we apply the above criteria to Japan, we shall see that
    the country has been ruled by the same political party (LDP)
    for the last four decades...  Japan's economy, protected from
    foreign competition by a multitude of goverment regulations
    and cultural taboo's, is dominated by a handful of monopolistic
    cartels reminiscent of those existed in the US in the 1920's...
>
>Japan is all too aware of its lack of natural resources. If you look
>at where investment is going, you'll see that Japan has huge investments 
>all over east Asia --- much larger than the US. I believe that Japan's 
>ultimate goal is to position itself as a high-tech design center, with 
>its manufacturing bases located off-shore in countries where resources 
>and low-tech manpower is cheaper. ...

    Another word, Japan is losing its manufacturing edge to its East 
    Asian competitors.  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.  This is despite several ambitious 
    (and expensive) attempts to leafprog the competition ("Tron",
    "Fifth Generation").  Japan, once having an early lead in HDTV,
    now trails the US.  Declining stock and real estate prices make it 
    more difficult for the Japanese companies to borrow cheaply,
    and invest in new technologies.  

-- 
-----------------------------------------------------------------------------------
Disclaimer: all opinions are mine.
-----------------------------------------------------------------------------------
Newsgroups: misc.invest
From: dyes@convex.com (Tim Dyes)
Subject: Re: Any TIPS for the closing on the NEW House?
Date: Thu, 20 Aug 1992 18:14:37 GMT
Distribution: usa
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.

parikh@parikh.austin.ibm.com writes:

>Hi,
>     I will be closing on my new house soon.  I am not bringing  
>lawyer to the closing, because, as I heard, it does not worth it.
>Anyone please give me some insights to what I should be looking 
>for in the documents.  What I should and should not do?
>    Please reply to parikh@wizards.austin.ibm.com
>Thanks,
>Kalpesh Parikh

email bounced so I'll post instead

Be sure you only pay for your share of the '92 property taxes.  Since
you don't get billed for these until this fall you may have to get
them to add a reimbursement letter.

Pay 20% down to avoid PMI payments.

Try to handle property taxes and insurance yourself so you tie up money
in escrow earning 0%.

- Tim
Newsgroups: misc.invest
From: doctor@tardis-arclan.arc.nasa.gov (Terry Fong)
Subject: Re: Twentieth Century investment
Keywords: twentieth century, no-load
Reply-To: terry@ptolemy.arc.nasa.gov
Organization: NASA Ames Research Center
Date: Wed, 19 Aug 1992 18:21:56 GMT

In article <1992Aug18.195205.3258@nntpd2.cxo.dec.com>, timpson@acetek.enet.dec.com writes:
|> 
|> I am looking to possibly invest in a mutual/s fund/s with Twentieth Century.
|> Has anyone out ther any input on the company and ther investment programs?

20th Century has a wide variety of no-load funds with fairly good
performance. The fund which received the biggest press during
1991 was their "Ultra Investors" (agressive growth, small &
technologically oriented companies), which turned in over 100% total
return during that year. Unfortunately, the fund has received an
incredible number of new investors (due to the publicity, no doubt)
and is now probably too large for flexibility. Also, with the down
turn in high-tech, the fund has lost over 18% in value since the
beginning of 1992.

-Terry

-- 
_______________________________________________________________________________
 "You do not understand anything     | Terry Fong <terry@ptolemy.arc.nasa.gov>
  until you understand it in more    | NASA Ames, M/S 269-3, Moffett Field, CA
  than one way..." -- Marvin Minsky  | (415) 604-6063, FTS-464-6063


Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Bush or Clinton
Organization: TRW, INC.
Date: Wed, 12 Aug 1992 21:58:12 GMT

In article <1992Aug11.135534.221@v7.vitro.com> mzwick@vitro.com (Morris J. Zwick) writes:
 
>dumping charges filed by the big three .....

I've always wondered how these dumping charges would decided if they
were tried in other than a US court (presumably a neutral third
party).  Also, how the US court can hear the matter (appears to me to
be a "conflict of interest").
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: parikh@parikh.austin.ibm.com
Newsgroups: misc.invest
Subject: Any comments about closing on the new house!
Date: 17 Aug 92 16:46:07 GMT
Distribution: usa
Organization: IBM PSP, Austin
Originator: parikh@parikh.austin.ibm.com

Hi,
     I will be closing on my new house soon.  I am not bringing  
lawyer to the closing, because, as I heard, it does not worth it.
Anyone please give me some insights to what I should be looking 
for in the documents.  What I should and should not do?
    Please reply to parikh@wizards.austin.ibm.com
Thanks,
Kalpesh Parikh
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Wed, 12 Aug 1992 13:27:18 -0400 
From: Joel Bloch <jb6k+@andrew.cmu.edu>
Subject: Re: A bad experience with K. Aufhauser & Co.

It's hard to say why they were so nasty but the problem in general with
Aufhauser is that they have so many fees that they are hard to keep
straight.They argue that is why they keep there fees so low since they
don't charge you for any service you don't use. I've just switched part
of my account from Schwab to Scottsdale, and while there doesn't seem to
be any great difference in the execution of trades, the service has been
terrible. I've called two times for forms and they have never sent them.
Newsgroups: misc.invest
From: peters@mcnc.org (Charles Ross Peters)
Subject: farmland as an investment
Organization: MCNC Center for Microelectronics, RTP, NC
Distribution: na
Date: Fri, 14 Aug 1992 19:49:40 GMT


>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.
>
>	Does it make any sense?  
>	Has anyone invested in farmland and can share some views?
>	Any recommendation about books on farmland investment?

As someone who (in partnership) owns some midwest farmland my view
is that I expect land prices to go even lower than they are now
before they get back to the record prices that good farmland sold for
in the late 1970s.   As a historical perspective, the best farmland
in the midwest was valued at more than $4,000/ acre in the mid to late
'70s'.  Today the same land is selling for about half that price.

Small, family farms are continually being driven out of business.
Those left in business are reluctant to take on new debt even at
todays interest rates.  Most land will eventually end up in the
hands of larger corporate farms that are more efficient.  An ongoing
process that is happening now.  Even many corporate farms will 
have trouble if subsidies are reduced - and I expect that they will
be largely phased out over the next several years as pressure mounts
on the federal budget.  I would say that for the next several years
farmland might not be the best "doomsday" investment.  If you're
really worried about eating invest in a two acre garden plot,(or if
you must have meat, a 20 acre mini ranch) not a 200 acre farm.

Charles Peters
peters@mcnc.org

Newsgroups: misc.invest
From: dyes@convex.com (Tim Dyes)
Subject: Re: Wall Street Week recommendations
Date: Mon, 17 Aug 1992 14:39:20 GMT
Distribution: usa
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.

tony2@prefect.uucp (21131-gozdz) writes:

>We measured the price performance of the 200 recommendations over several 
>periods, adjusting for the general market trend over the same period. [...]
>					Excess performance of
>					recommended stocks
>second week before show				+0.4%
>week before show				+0.8%
>day after show					+2.1%
>remaining 4 days of week after show		-0.3%
>second week after show				+0.4%
>next six weeks after show			-3.2%

>[...] The overall conclusion, however, is that if want to make money 
>on Wall Street Week recommendations, you can't do it by watching the 
>show - you'll have to locate a _forthcoming_ guest and find out what 
>he plans to recommend when he appears.

Perhaps you could perform the same analysis with 6 and 12 month time
horizons.  WSW recommendations are not for short term traders.

my 2 cents.

- Tim
Newsgroups: misc.invest
From: cyeomans@ms.uky.edu (Charles Yeomans)
Subject: Re: is it time to invest in Japan?
Date: Thu, 20 Aug 1992 13:48:15 GMT
Organization: University Of Kentucky, Dept. of Math Sciences

In article <1992Aug19.160704.6119@digi.lonestar.org> blee@digi.lonestar.org (Benjamin W. Lee) writes:
>>>   The Tokyo stock market is very sensitive to Japanese Real Estate
>>>   Prices, and your return is also predicated on the dollar/yen
>>>   exchange rate. Given that the dollar/yen exchange rate is a historic low,
>>>   and that the Japanese Real Estate Bubble has a long way to go, the
>>>   answer is: NO!
>>
>> I saw the founder of the Templeton Group on Adam Smith about a month
>>ago he was asked if the Nikkei's tumble would pull down world stock
>>markets. He responded that a burst of the Japanese real estate market
>>would be far more cataclysmic owing to the much larger capitalization.
>>I forget the $ figure.
>>
This is interesting.  As everyone has heard by now, Sir John has sold
(or is selling) out to Franklin Resources.  I wonder if he 
believes he is selling out at or near the top.  I can't
imagine he would sell if he thought things were going to keep
going up.

Charles Yeomans
cyeomans@ms.uky.edu
yeomans@austin.onu.edu


Newsgroups: misc.invest
From: scairns@is.morgan.com (Scott Cairns)
Subject: Re: How do I get rid of broker????
Organization: Morgan Stanley - IS
Date: Wed, 19 Aug 1992 19:47:27 GMT

In article <1992Aug13.200452.23721@colorado.edu>, salim@tigger.cs.Colorado.EDU (Salim Alam) writes:
|> I read a book called "Liars Poker" by Michael Lewis that describes
|> the life of these brokers in some detail -- this should be recommended
|> reading for everyone who plans to invest.  
|> -Salim
|> 

The brokers described in "Liar's Poker" are hardly the type to cold-call
schmucks like us.  They're in an entirely different league and unless
you typically buy $10MM of the 30-year treasury bond at auction, the
book hardly qualifies as required reading for the average investor.



-- 
+------------------------------------------------------------------+
| Scott Cairns           	|   email: scairns@fsg.com         |
| Fusion Systems Group		|      or: scairns@is.morgan.com   |
| New York, New York, USA   	|                                  |
+------------------------------------------------------------------+
| Standard disclaimers apply.   				   | 
+------------------------------------------------------------------+
| Better not take a dog on the space shuttle, because if he sticks |
| his head out the window coming home, his face might burn up.     |
|    					- Jack Handey		   |
+------------------------------------------------------------------+
Newsgroups: misc.invest
From: bob@sj.ate.slb.com (Bob Firestine)
Subject: DOS based software to track one's investments
Reply-To: bob@sj.ate.slb.com (Bob Firestine)
Organization: TYECIN Systems, Inc., Mountain View, CA.
Distribution: usa
Date: Mon, 17 Aug 92 22:12:47 GMT

Can anyone recommend a good, inexpensive, DOS-based program to keep track of
one's investments (stocks, mutual funds, etc.).  Thanks in advance.

Bob

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

Bob Firestine
Internet: bob@sj.ate.slb.com
UUCP:     {amdahl,decwrl,uunet}!sjsca4!bob
From: jerry@rat (Jerry Nash)
Newsgroups: misc.invest
Subject: Reits
Date: 12 Aug 92 19:05:01 GMT

I've been looking at some real estate investment trusts on the NYSE which trade  
in mortgage securities and derivatives. Alot of them took big hits recently  
because of all the refinancing going on and some of the yields are huge (up to  
25%). Before I take the plunge, however, I'd like to find out more details such  
as what they're trading, how they're hedging, and how stable their payouts are.  
Does anyone know if there are services or trade publications which rate these  
things and provide the kind of info I'm looking for ?
Newsgroups: misc.invest
From: ssimmons@convex.com (Steve Simmons)
Subject: >>>>> WANG stock
Date: Wed, 19 Aug 1992 13:00:11 GMT
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.

>
>  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?
>

It just did declare bankruptcy.  It is in the process of reorganizing.. 
Is it worth buying the stock????  Well, see what the book value of the 
assets are.  If they are above the liabilities, then you might want to 
buy the stock.  Here, are few things to think about...

	- Does the company have good management? If they can turn 
	  the company around, then go for it.  Penn Central was
	  able to do it. However, this management has been in 
	  place since 1989 and have yet to turn the company around.
 
	- Does the company have underpriced assets?  A good example 
	  is real estate. Bookkeeping rules refuse to allow appreciation
	  in real estate to be realized until the sale of the asset.  
	  Here, the Wang towers are in the middle of Lowell, MA. 
	  Most of New England real estate prices have declined in the 
	  last 10 years.  Therefore, their assets are probably overpriced. 

	- Does the company have hidden assets?  Here, a dependent
	  customer base like the US government would help.  Unfortunately,
	  Wang has been porting its customers to the IBM AS/400 series
	  for the last year. 

Personally, I think that it is a long shot.  Going to Ledyard, CT (a
new gambling mecca) would be better.  My perception of Wang is that
it made the mistake of indecisiveness.  They constantly canceled new
projects and never held people responsible for these failures.  New 
products are what builds a business.  Without new products, the 
company will die. They tried to run the business like one big family 
with a day care and country club.  This is fine when you are making a 
profit.  It is disastrous when your market is shrinking.  

Thank you. 

					Steve Simmons
Newsgroups: misc.invest
From: achan@idaho.tdd.sj.nec.com (Amy Chan  x2941)
Subject: Re: Mutual funds / Utilities
Keywords: Mutual funds
Organization: NEC-AM TDD, San Jose, California
Distribution: :
Date: Thu, 13 Aug 1992 23:05:52 GMT

In article <el9294.713722813@adx.adelphi.edu> el9294@adx.adelphi.edu (Ed Longstorm) writes:
>I was wondering if anyone has information on a mutual fund(s) that
>just invest in utilities?
>

Financial Strategic Utilities Fund from Financial Funds (800-525-8085).
This is a no-load fund by the way.

Amy
--
Amy Chan                 | E-Mail:
NEC America              |  INET: achan@tdd.sj.nec.com
110 Rio Robles           |  UUCP: ...{decwrl,oliveb}!necsun!achan
San Jose, CA 95134       |