HDTenEightyP/NetNews huggingface dataset:
From: tucker@shiva.edsg.hac.com (George Tucker)
Newsgroups: misc.invest
Subject: Re: Israel Closed End Fund
Keywords: closed-end funds israel
Date: 19 Nov 92 20:26:35 GMT
Reply-To: tucker@shiva.UUCP (George Tucker)
Distribution: usa
Organization: Hughes Aircraft Co., El Segundo, CA

In article <26741@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>Has anyone looked into this fund, or is there a way we can get a
>prospectus (since it was an IPO)?  Does anyone have any informed
>opinions on this fund?

Check PEC Israel (IEC on AMEX).  They own part of several Israeli
companies.  They have a track record.

	 George Tucker        tucker@shiva.hac.com
	Signature line awaiting FDA approval.
From: lion@vnet.ibm.com
Newsgroups: misc.invest
Subject: (none)
Date: 16 Nov 1992 15:51:25 -0600
Organization: UTexas Mail-to-News Gateway
NNTP-Posting-Host: cs.utexas.edu

Need feedback from the users of Equalizer(offered by Charles Schwab & Co.)
about the software.

Also need information on the other similar softwares....

Please send me e-mail at lion@vnet.ibm.com

Newsgroups: misc.invest
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Subject: Re: bonds buying/selling
Organization: Physical Sciences Lab, University of Wisconsin
Date: Mon, 23 Nov 92 18:25:21 GMT

In article <By2rz2.1GH@undergrad.math.waterloo.edu> nkkwan@undergrad.math.waterloo.edu (Thomas Kwan Nang Kon) writes:
>I am a real novice in bonds. Can anyone kindly tell me that how the actual
>yield (return) be calculated. For examples,
>
>Oct 1, 1992
>
>	Issuer     Coupon Maturity    Price    Yield     $Chg
>
>	BELL CND   9.50  15JUN02   105.750      8.609    +0.875
>
>Nov 21, 1992
>
>	BELL CND   9.50  15JUN02   104.250     8.831     -1.000
>
>Questions:
>
>	How much do I lose (approximately) if I buy it at Oct1, 
>	and sell it at Nov 21? Just look at the price difference?
>

Cost of bond at purchase is net price + accrued interest. 

Net price is the price at which your broker buys the bond plus his
commission. At full-service brokers, the commission becomes part of
the net price that your broker quotes, unlike stocks where the
commission is a separate item. Discount broker charge a separate
commission, just like stocks. 

In addition, at each point in time there is a bid price and an ask
price for the bond. The bid price is the price at which there are
outstanding buy orders, and the ask price is the price at which there
are outstanding sell orders (for exchange-traded bonds). The price in
the paper is the price of the last trade, which may be the current bid
price, ask price, or in between. 

So your actually net price will be higher than the price in the paper
due to paying the ask price and paying the commission.

Accrued interest is the interest earned from the last payment date to
now (not sure whether it is calculated to trade date or the date the
trade closes, probably the latter). The bond you cite pays on 15 June
and 15 December, so when you buy the bond you would pay the seller the
interest from 15 June to October 1, and when you sell the buyer would
pay you the interest from 15 June to Nov 21.

Let's assume you pay 0.25 commission (which would be cheap) each way
and that you pay/receive 0.25 more/less than the quote in the paper
due to bid/ask differential.

So when you purchase the bond, you pay

 (105.75 + .25 + .25)/100 * 1000 + (105/180 * 95/2) = 1062.5 + 27.71
          = 1090.21

(accrued interest assumes 180 days between payment dates, 135 days
from June 15 to October 1, and $95 in interest paid biannually)

When you buy the bond you receive

 (104.25 - .25 - .25)/100 * 1000 + (156/180 * 95/2 ) = 1037.5 + 41.17
          = 1078.67


Don














-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
Newsgroups: misc.invest
From: mpb@troy.cc.bellcore.com (bunz,marcus p)
Subject: Re: Inheritance forthcoming...advice sought
Organization: Bellcore, Livingston, NJ
Distribution: misc.invest
Date: Thu, 19 Nov 92 18:19:31 GMT
Keywords: Loop Holes

In article <1992Nov13.221124.25275@novell.com>, bradley@novell.com (Brad Soe) writes:
> In article <1992Nov13.203738.16082@src.dec.com> pardo@src.dec.com (Phil Pardo) writes:
> >
> >
> >I am expecting an inheritance soon that is in the neighborhood 
> >of 10 to 15K.  Does anyone out there know of any loop holes that 
> >might exist to get around the taxes that will have to be paid on
> >it or if there is a manner in which to invest it before I physically 
> >touch the money?
> >
> >Any and all advice on this matter would be greatly appreciated.
> 
> Is this person still alive? Anyway, he/she can give you 10K Free and clear
> as a gift right now. You can inherit the other 5K later. A person is allowed
> to give a gift up to 10K lump sum per year with out any tax penalty. You
> would have to pay tax on the other 5K though, but not on the 10K.
> 
> There are other ways, but this is the easiest. 
> 
> 
> Brad Soe
> bradley@novell.com
> 

WRONG!!!  The gift/inheritance tax is paid by the GIVER, not the GIVEE.
Also, keep in mind that any such gift reduces the $600,000 that is subject
to estate taxest when the giver reaches the end of this vail of tears.

Marc
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: 10 Highest Yielding Dow Stocks
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Sat, 21 Nov 1992 04:29:53 GMT

ed@odi.com (Ed Schwalenberg) writes:

>In article <Bxzo2u.487@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>  Buying and holding is a relative term.
>  Almost everyone buys and holds their stocks for at least 1 second.

>  Almost no-one buys and holds their stock for 100 years.

>  When people recommend buy and hold, what they are
>  usually recommending is to buy and hold for at least
					       ^^^^^^^^^
>  6 months to a year.

>It has always appeared to me that buy-and-hold means holding for about
>half of a market cycle (i.e., on the order of 2-5 years), if you're

	Exactly. You regard holding for 2-5 years, which is
	a period greater than 6 months to a year, as 
	a buy and hold strategy.

	Thanks for supplying additional evidence for my 
	posting :)

>talking about it as a strategy.  Perhaps my understand is biased by
>the fact that I prefer fundamentalist, low-P/E, low-turnover investment
>styles.

>When people like Hulbert use the term to compare investment results
>of differing strategies, they always explicitly state the beginning
>and end of the holding period.

-Larry Watanabe watanabe@cs.uiuc.edu
From: chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang)
Newsgroups: misc.invest
Subject: New Asia Fund
Date: 15 Nov 1992 11:53:15 -0500
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
Distribution: world
NNTP-Posting-Host: na-gw.cs.yale.edu


T. Rowe Price has a "New Asia Fund" investing in Asia and Pacific Basin
excluding Japan.

Is there any other fund investing in the same places?

Are the markets over there as over priced as the U.S. market now?

Mark
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
Newsgroups: misc.invest
From: yozzo@watson.ibm.com (Ralph Yozzo)
Subject: Re: The death of the Video Store?
Date: Wed, 18 Nov 1992 03:47:21 GMT
Disclaimer: This posting represents the poster's views, not necessarily those of IBM
Organization: IBM T.J. Watson Research Center

It may be that "Blockbuster Video" heard us ;-)

The following is an excerpt from the news:

        On the trading floor, Blockbuster Entertainment paced the Big Board
	actives, unchanged at 17. PaineWebber Inc. reinstated its ``buy''
	rating, which was downgraded last Friday, after Blockbuster announced
	Monday it had entered into a joint venture with Virgin Retail Group Ltd.
	of London to develop megastores in the United States, continental Europe
	and Australia.

-- 
 Ralph Yozzo (yozzo@watson.ibm.com)  
 From the beautiful and historic Mid-Hudson Valley area of NY state
Newsgroups: misc.invest
From: murphy@rock.enet.dec.com ()
Subject: Re: Mutual Funds, year end distributions, Dec. withdrawals
Reply-To: murphy@rock.enet.dec.com ()
Organization: Digital Equipment Corporation
Date: Mon, 23 Nov 1992 21:59:10 GMT


In article <1992Nov23.194359.29833@cbnewsj.cb.att.com>, troy@cbnewsj.cb.att.com (Troy Cauble) writes:
|> Newsgroups: misc.invest
|> Path: ryn.mro4.dec.com!nntpd.lkg.dec.com!news.crl.dec.com!deccrl!caen!zaphod.mps.ohio-state.edu!pacific.mps.ohio-state.edu!linac!att!cbnewsk!cbnewsj!troy
|> From: troy@cbnewsj.cb.att.com (Troy Cauble)
|> Subject: Mutual Funds, year end distributions, Dec. withdrawals
|> Organization: AT&T Bell Laboratories, Holmdel NJ
|> Date: Mon, 23 Nov 1992 19:43:59 GMT
|> Message-ID: <1992Nov23.194359.29833@cbnewsj.cb.att.com>
|> Summary: With
|> X-Newsreader: TIN [version 1.1 PL6]
|> Sender: news@cbnewsj.cb.att.com (NetNews Administrator)
|> Nntp-Posting-Host: stimpy.ho.att.com
|> Lines: 20
|> 
|> 
|> I have some Mutual Fund shares that (typically) have cap gains
|> distributions at the end of the year.  It's appeared in the
|> past that the distribution is subtracted directly from the
|> share price, so that suddenly you owe taxes even though you've
|> had no net gain (as compared to the day before).
|> 
|> Is this correct?   It makes a kind of sense to me.
|> 
|> Anyway, I'm thinking of withdrawing a sizable amount soon for
|> a new car purchase.  Would it be to my advantage to do this
|> before the distribution as opposed to after?  Or will I somehow
|> be taxed for this "gain" anyway.
|> 
|> If this "works", what keeps a person from repeatedly selling
|> before distributions and buying back after?  (Assuming a no-load fund.)

If the fund has gains, the share price is up.  When you sell, you get a 
capital gain on the shares you sell.  If they distribute, you get the gain
then, but that much less of a gain later.  The only reason to sell and rebuy 
around New Years is to offset another gain or loss.  For example, if you 
had some IBM you bought at 100, and dropped out at 70, you have a big loss.
If you are holding on to gains in a mutual fund, you might want to sell to
claim the gain because you have the offsetting capital loss.  Likewise,
if you had MSFT at 60 and bail at 90, you might want to dump and rebuy MF
shares which are holding a loss to offset your gain.

As a followup to this scenario, if you have a big CG loss, can you claim
this against regular income?


|> -troy
|> Troy.Cauble@att.com
|> (the email address at the top is WRONG)
|>
From: jack@richsun.cpg.trs.reuter.com (Jack Gidding)
Newsgroups: misc.invest
Subject: Re: buying foreign currency for the little guy
Date: 19 Nov 92 13:48:35 GMT

In article <0BueuB3w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston)  
writes:
> adwright@iastate.edu () writes:
> 
> I've never run across travelers' checks in other than dollar
> denominations.
> 

American Express does offer travellers cheques in at least seven  
other currencies. I've gotten them before in Swiss Francs and British  
Pounds Sterling. They are pretty cool because they are  
oversized..well they are the same size as some of the European notes. 

I think that the other 5 are: Deutsche Marks, French Francs, Canadian  
Dollars, Austrailian Dollars, and Japanese Yen. These are the major  
seven currencies.

AMEX has a service where you can call them and have the travellers  
cheques delivered to your home. So I know that they are available  
through that service. However, I don't know if you can go to a bank  
and get them.



Jack Gidding
Reuters
jack@richsun.cpg.trs.reuter.com
Newsgroups: misc.invest
From: hajadi@goofy.csd.sgi.com (Ivan Hajadi)
Subject: Is Intuit, Menlo Park, CA, a public company now ?
Organization: Silicon Graphics, Inc., Mountain View, CA
Distribution: usa
Date: Thu, 19 Nov 1992 18:35:50 GMT




if so, anyone has the ticker symbol ?
thanks.
--

// Ivan hajadi@sgi.com -- 
//   "Objects In Mirror Are Closer Than They Appear"
// opinions are mine etc.
Newsgroups: misc.invest
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: Writing options
Reply-To: keith@iscp.Bellcore.COM (Keith Hawkins)
Organization: Bell Communications Research (Bellcore)
Distribution: usa
Date: Wed, 18 Nov 92 18:43:42 GMT

In article <1992Nov13.211335.22646@cbnews.cb.att.com>,
ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
|> In article <sf0xNz70Bwx58D1FB0@transarc.com> Jim_Laredo@transarc.com
|> writes:
|> >So say I have 1000 shares of USAir and I want to write call options
|> >since I believe that even though the stock is going to go up it
|> >will not do it at a fast pace. So the stock is trading around 13
|> 1/2
|> >how do I compute the cost of each option, for which month should
|> >I write it for? is it worth it to write a smaller block or am
|> >I just going to pay per contract?
|> 

[SOME STUFF DELETED]

|> 
|> If you truly believe U will not exceed 15 by the expiration
|> date you select, you might even consider going partially naked.
|> You could write 15 options, and if the price did go over 15, you
|> could try to buy back the extra 5 before you suffer any loss.
|> -- 
|> Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus


Could one also put a stop loss order in to buy 500 shares at 15 
(or above) as a way to cover the "naked" portion of the above
transaction??  That way when the stock reaches the option strike
price, the shares needed to cover the extra 5 options are 
automatically purchased at or near the price level at which
the option could be exercised.  The cost of this insurance
is the brokers commision on the purchase.  Is a broker's commission
on 500 shares too much of a premium for the coverage acheived??

What is this called?  There must be a name for this type of
hedging??  (As you can tell, I'm a options spectator rather than
speculator.)

-Keith
Newsgroups: misc.invest
Subject: Re: Where is the best place to stick it?
From: gary@cdthq.UUCP (Gary Heston)
Date: Sat, 21 Nov 92 18:20:57 CST
Organization: Garys' Home for Obsolete Computers

jordan@IMSI.COM (Jordan Hayes) writes:

> Steven R. Pearson <pearson_steven@tandem.com> writes:
> 
> 	it might be wise to pay off any expensive debt you have ...
> 
> I see this all the time, and I just don't understand it.  The way I see
> it, current debt service is just a cash-flow item.  If I were a
> student, living a student life, and I suddenly inherited $100k, I sure
> as heck wouldn't pay down my credit cards.  All that would do is
> decrease dramatically my $100k, and increase only marginally my cash
> flow.  Since this money is indeed "found" I would have had to deal with
> cash flow and current debt service anyway.  I should continue doing
> that (after all, I enjoyed the goods I purchased on credit, now I
> should pay for them).

If you pay off the credit cards, you're no longer paying the interest
on them. There is no rational reason to put such a large excess of 
funds into investments that might return half the interest you're
paying MasterCard or Visa. Wipe out the credit cards, put the rest
in investments, and put the money you were paying on the cards into
either more investments or partying. The long term pays out better
that way. 

> I think it's important psychologically to keep your investments and
> your quality of life separate.

It's also important to use some sense in making these decisions.

If I "came into" $100K, I'd be out of debt again (did that in '86
for a while) so fast my creditors would suffer whiplash. The remainder
would be split between 4 or 5 investments, and I'd probably use 
the freed-up cash flow to take care of some other projects, like
restoring one of my cars, building a garage, or similar pursuits.

Gary Heston, at home....
gary@cdthq.uucp

(And I was insufferable after I got the first house paid off; my
co-workers couldn't stand me...)
Newsgroups: misc.invest
From: jaorans@pbhyg.PacBell.COM (Jeff Oransky)
Subject: Re: Medium and Long-term Direction of the Dollar (esp vs Dmark)
Reply-To: jaorans@PacBell.COM (Jeff Oransky)
Organization: Pacific * Bell, San Ramon, CA
Date: Mon, 16 Nov 1992 15:16:37 GMT

In article <LUCHINI.92Nov16033126@fangio.nhmfl.fsu.edu> luchini@nhmfl.fsu.edu (Marco Luchini) writes:
>In article <24560008@hpgnd153.grenoble.hp.com> errol@hpgnd153.grenoble.hp.com (Errol Inan) writes:
>
>> In the U.S. interest rates and inflation are at par.  Demand for American
>> products has been declining the since around 1980, as seen by a net deficit of
>> imports minus exports.  As a result, the dollar was hammered throughout most
>> of the 80s.
>
>Not quite correct.  Only in the last part of the 80's, starting with the
>Plaza accord has the dollar entered a bear phase.  For most of the 80's
>the dollar was in a raging bull market caused by the high interest rates
>of the early Reagan years.
>
>
>Ciao,							Marco

   Furthermore,  the trade deficit is hardly an indication that the demand
   for american products abroad is declining.   It is, in fact, increasing.
   The trade deficit has gone up because of an increase in domestic demand
   for foreign goods.

|-----------------------------------------------------------------------------|
|  Jeffrey A. Oransky                    | "What? Me worry?"                  |
|  Pacific Bell                          |     Alfred E. Newman               |
|----------------------------------------|------------------------------------|
| The authors opinions are his own and do not reflect the opinions of Pacific |
| Bell or anyone else.                                                        |
|-----------------------------------------------------------------------------|

Newsgroups: misc.invest
From: jaorans@pbhyg.PacBell.COM (Jeff Oransky)
Subject: Re: Inflation Coming? (Gold?)
Reply-To: jaorans@PacBell.COM (Jeff Oransky)
Organization: Pacific * Bell, San Ramon, CA
Date: Mon, 16 Nov 1992 15:08:08 GMT

In article <1992Nov16.000222.4186@adobe.com> kendall@adobe.com (Janice Kendall) writes:
>For what it's worth, here is Bob Brinker's view on the possibility of
>inflation under Clinton (paraphrased):
>
>  There are two ways that Clinton can cause inflation:
>
>	1) Monetary policy via the Federal Reserve Board.  Greenspan
>	   has made it clear that he will not pursue inflationary policy
>	   and Greenspan will be chairman until 1996.
>
>	2) Spending.  There isn't any money to spend.  Clinton talks
>	   about spending 30-50 billion on infrastructure projects, but
>	   Brinker sees this as pocket change in an economy of our size.
>
>So, Brinker does not see inflation on the horizon.
>
> Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall
>
    Clinton also has some plans to increase some payroll taxes for businesses
    to pay for health care/training costs.  Since this is an increased cost
    of doing business, the cost will probably be passed on to the consumer
    in the form higher prices (inflation).  Also it is unclear what the 
    impact of the passage of a family leave mandate will have on businesses
    and subsequently inflation/unemployment.


|-----------------------------------------------------------------------------|
|  Jeffrey A. Oransky                    | "What? Me worry?"                  |
|  Pacific Bell                          |     Alfred E. Newman               |
|----------------------------------------|------------------------------------|
| The authors opinions are his own and do not reflect the opinions of Pacific |
| Bell or anyone else.                                                        |
|-----------------------------------------------------------------------------|
From: demon@desire.wright.edu (Stupendous Man)
Newsgroups: misc.invest
Subject: Re: Snapple and abortion issue
Date: 16 Nov 92 14:54:53 EST
Organization: Demonic Possesions, Inc.

In article <1992Nov13.183243.15936@elroy.jpl.nasa.gov>, fod@elroy.jpl.nasa.gov (Frank O'Donnell) writes:
> Some days or weeks back in this newsgroup in a
> discussion of Snapple's IPO, buyout, etc, someone
> posted a message noting that the company's founders
> donated heavily to anti-abortion causes; and that
> those who disagreed with that position and who
> took social issues into account in their buying
> habits (both as consumers and stockholders) might
> want to take that into account.
> 
> Is there any more substantiation of this?  A
> number of my (previously Snapple-loving) friends
> were disturbed to hear this, but would like more
> corroboration.

	That was me.  There was a large debate about it in alt.activism and
soc.motss.  A post there will yeild all the gory details.  I don't want to
infect misc.invest with abortion debate, though.

Brett
===============================================================================
80s: 18 million new jobs, deficits down (%GNP), tax rates down, tax revenues up
GNP up, inflation down, unemployment down, interest rates down, cold war won
-------------------------------------------------------------------------------
Newsgroups: misc.invest,news.answers
From: mpiet@is.morgan.com (Mark Pietrasanta)
Subject: PC Index???
Organization: Morgan Stanley - IS
Date: Wed, 18 Nov 1992 18:06:35 GMT

Is there a chance we could see a PC Index on here as well?

-- 
Mark Pietrasanta - mpiet@is.morgan.com
* * * * * * * * *

"Great spirits have always encountered violent opposition from
mediocre minds." - Albert Einstein

----------------------------------------------------------------
Disclaimer: These responses are my own and in no way reflect the
            views of my employer.
----------------------------------------------------------------
From: ci167@cleveland.Freenet.Edu (David Hoppe)
Newsgroups: misc.invest
Subject: Where is the best place to stick it?
Date: 17 Nov 1992 20:04:10 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


   I am about to receive a gift of $100k from a relative in a couple weeks.
I would like to invest it somewhere for a couple years until I get out
of school. Do you guys recommend stocks, bonds, funds, foreign currency, or
mixture? I'm looking for something without much risk with a high return.
Am I being feasible in anticipating a 10% return a year.
Newsgroups: misc.invest
From: gilman@cshl.org (Michael Gilman)
Subject: Canadian dollar: bad or awful
Followup-To: misc.invest
Organization: Cold Spring Harbor Laboratory
Date: Tue, 17 Nov 1992 13:55:43 GMT


Hello, Netters.

Any views on the future of the Canadian dollar? It has dropped
substantially in the past few months and it would seem that with the
potential for rising interest rates in the U.S. and economy-stimulating
interest rate cuts in Canada, the prognosis looks worse. If one has money
in Canada, is now the time to get out?

mg
gilman@cshl.org
Newsgroups: misc.invest