HDTenEightyP/NetNews huggingface dataset:
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell)
Subject: Re: Joker '88 -- the way to make money
Organization: Jet Propulsion Laboratory
Date: Sun, 3 Jan 1993 05:10:23 GMT

rdictus@vnet3.vub.ac.be (Roy Dictus) writes:

>Joker '88 is a German financial game where the risks are minimal
>and the gains are incredible.  For every $96 investment you make,
>you stand to gain $69,984 in profits in a six-to-eighteen month
>time span.  All you have to do is find three other participants,
>and the money will start rolling in!
>
>For more information, send me a note.

Are you sure it's German?  It sounds more Egyptian ...
in fact, downright pyramid-like ...

Frank
frank@jplpost.jpl.nasa.gov
Newsgroups: misc.invest
From: wouk@alumni.cs.colorado.edu (Arthur Wouk)
Subject: Re: SunMicro?
Organization: University of Colorado, Boulder
Date: Wed, 23 Dec 1992 02:42:39 GMT

In article <N9F8VB1w165w@student.business.uwo.ca> pkedrosk@student.business.uwo.ca (Paul S. Kedrosky) writes:
>yoga@peacetime.Corp.Sun.COM (Yogesh Patel) writes:
>
>> 
>> Today, 12/22, SUNW dropped almost one buck on "some" news according to
>> my quotetool.  I don't know what news is going around.  Can anyone tell?
>
>A complete guess but maybe the Novell purchase of USL? I for one would
>be concerned were I Sun Microsystems.


very unlikely. what happened was that the quarterly report came in
with earnings per share of $.05 as opposed to i believe $.27 a year
ago.
-- 
arthur wouk 
internet: wouk@alumni.cs.colorado.edu
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: 401K--to rollover or not?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Sun, 3 Jan 1993 23:39:19 GMT

A digress--what are the benefits of rolling an old 401K to a new 401K
when the money can be left in an IRA?  One has more investment options
for IRA's and can withdraw the money with 10% penalty and income tax.
401K won't allow distribution even if you are willing to pay penalty
(right?) I doubt the new employer would match anything for the rollover
amount.  So, why put the money into a more restrictive account?

[I have a 403b account.  So, I don't know the detail about 401K; but
i heard the two are very similar.]
Newsgroups: misc.invest
From: nfs@dynastar (Norbert Schlenker)
Subject: Re: Joker '88 -- the way to make money
Originator: news@nimaster
Organization: Department of Computer Science, Princeton University
Date: Sun, 3 Jan 1993 15:36:37 GMT

In article <1017@rc1.vub.ac.be> rdictus@vnet3.vub.ac.be (Roy Dictus) writes:
>Joker '88 is a German financial game where the risks are minimal
>and the gains are incredible.  For every $96 investment you make,
>you stand to gain $69,984 in profits in a six-to-eighteen month
>time span.  All you have to do is find three other participants,
>and the money will start rolling in!

Ok, I have three friends willing to participate.  Why don't you post
your home address in Belgium, so that I know where to send the money?
My Belgian lawyer will also be contacting you to arrange security for
our investment - I'm sure you won't mind if we place a lien on your
home, to be lifted as soon as we see our profits.  After all, it's a
sure thing.  Right?

Norbert
nfs@cs.princeton.edu
Newsgroups: misc.invest
From: smozelew@magnus.acs.ohio-state.edu (Stephen F Mozelewski)
Subject: U.S. Savings Bonds for Education
Followup-To: smozelew@magnus.acs.ohio-state.edu
Organization: The Ohio State University
Distribution: usa
Date: Tue, 22 Dec 1992 02:43:32 GMT

I've heard lots about savings bonds not being taxable if they are used to fund 
education.  I am starting to buy bonds for my nephews and niece in hopes that 
they will someday use them for educational purposes.  I have purchased them in 
their names.  I'm new to these things and someone just told me that, to gain 
the tax benefits, I should have put them in their parents' names.  How 
important is this?

If the bonds are in the parents names and they spend them on their children's 
educations, can they write this off on their taxes?  How much?  If the bonds 
are in the children's names, must they (the children) write this off on their 
taxes (which won't mean much since they will be in college when they do this).
From: schindler@csa2.lbl.gov
Newsgroups: misc.invest
Subject: Aufauser brokerage firm
Date: 27 Dec 1992 18:25 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: usa
NNTP-Posting-Host: 128.3.254.197
Keywords: short selling, interest, Aufauser
News-Software: VAX/VMS VNEWS 1.41    

I read in an Aufauser ad that they pay interest on the proceeds from a short 
sale.  Does anyone know what rate?  I've never heard of an individual investor
earning interest on short sale proceeds.  Do any other brokerage firms do this?

Another question:  I recall from a Kennedy and Cabot ad that they had a $20
commission on odd lots and a $25 commission on 100 shares of any priced stock.
It seems to me that it is advantageous to buy 99 shares of some stock instead
of 100 just to get a slightly less commission.  Is this true?  I have heard
in the past about an odd-lot differential.  Is there still such a thing?

Aaron Schindler
From: cr@farpoint.tucson.az.us (Clint Ruoho)
Newsgroups: misc.invest
Subject: Technical Analysis programs for DOS?
Date: 26 Dec 1992 17:30:16 -0600
Organization: UTexas Mail-to-News Gateway
Reply-To: "Clint Ruoho" <cr@farpoint.tucson.az.us>
NNTP-Posting-Host: cs.utexas.edu

Greetings netters....

I'm looking for a Shareware program to help me with technical analysis,
in general, something that will help me to technical graphs (like RSI,
stochastics, etc.), and perhaps something that will issue buy and sell
signals.

What commercial programs are better?  I'm familiar with AIQ and
MetaStock, and I was just wondering if there were any freely available
programs for DOS that do the same thing.

Reply via e-mail,  I'll summarize if there is enough response.
--
Internet: cr@farpoint.tucson.az.us
UUCP:  uunet!arizona!noao!farpoint!cr
Newsgroups: misc.invest
From: lsimon@paradyne.com (Lenny Simon)
Subject: Unisys as a Play
Keywords: unisys speculation
Organization: AT&T Paradyne, Largo, FL
Date: Mon, 28 Dec 1992 22:08:39 GMT

Unisys has over the past few years taken a beating in it's 
stock price.

How does the outlook for the company look?
Seems like an undervalued stock!
Newsgroups: misc.invest
From: bohnert@leland.Stanford.EDU (matthew bohnert)
Subject: Re: Stock Symbols for Fun & Profit
Organization: DSG, Stanford University, CA 94305, USA
Distribution: na
Date: Fri, 1 Jan 93 00:08:10 GMT

I think Anheuser-Busch's symbol is BUD.

Matt

Newsgroups: misc.invest
From: goldsmit@iguana.cis.ohio-state.edu (eric richey goldsmith)
Subject: Princor Mutual Funds
Organization: The Ohio State University Dept. of Computer and Info. Science
Date: Sun, 3 Jan 1993 22:10:58 GMT

Any opinions on the Princor group of mutual funds.  Thanks.

Newsgroups: misc.invest
From: bbl7597@ritvax.isc.rit.edu
Subject: Mutual Funds margin accounts
Reply-To: bbl7597@ritvax.isc.rit.edu
Organization: Rochester Institute of Technology
Date: Sat, 2 Jan 1993 21:18:21 GMT

I am trying to implement Charles Givens strategy #240
USE A MUTUAL FUND MARGIN ACCOUNT TO INCREASE YOUR INVESTMENT CAPITAL
and trying to decide between a Schwab or a Fidelity mutual fund
account. As part of my mutual fund investment strategy I plan to 
diversify my mutual funds concentrating on no-load funds and looking
for short term gains(1/2 years). Any input is appreciated.
From: blee@digi.lonestar.org (Benjamin W. Lee)
Newsgroups: misc.invest
Subject: Re: penny-stocks
Date: 31 Dec 92 15:23:50 GMT
Organization: DSC Communications, Plano Tx.

In article marvit@cattell.psych.upenn.edu (Peter Marvit) writes:
>Just a speculation (ahem)... MAI Basic Four (now known as MAI Systems)
>seems to be "stably" swinging between 1/8 and 3/16 for the past several
>months.  One could actually earn some nice pin money playing the daily
>swing. Due to low volume for that stock, you probably wouldn't buy huge
>amounts anyway, so you wouldn't lose much if it went belly up completely.
>On the other hand, you could earn 20-35% after commissions with proper
>timing. 
>
>	-Peter "still a bit chicken" Marvit
>--

As has been said many times, you'd better off playing with something
you DO understand. Let me tell you a little story:

A friend of my got a tip and played Wang B since it was cycling between
$2+ and $5+. Earlier this year, some bozo on the street recommended the
stock and it rocketed much higher. Later as things turned out, it dropped
to $1.5 when my friend seized the FANTASTIC opportunity. It was an
opportunity all right, it just ain't fantastic.

Now, you can play the same trick with Wang B now for between $.5 and $.4-.
Guess if my friend got the money to play alone?

If you master a great self control, you can consider, but normal peolpe
don't. You just have to think hard before you plunged you hard earned
money to something might goes to nil.

Benjamin "the very confused invester sometimes" Lee
Xref: sparky misc.invest:15342 misc.taxes:3884
From: barmar@think.com (Barry Margolin)
Newsgroups: misc.invest,misc.taxes
Subject: Re: Is this a WASH SALE?
Date: 23 Dec 1992 22:48:54 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
NNTP-Posting-Host: telecaster.think.com

In article <1992Dec23.153735.1@vaxb.acs.unt.edu> ff76@vaxb.acs.unt.edu (Jhinuk Chowdhury) writes:
>        If I sell shares (at a loss) of a *Vanguard* muni bond fund, say, 
>and buy shares of a *Scudder* (or any other) muni bond fund (within 30 
>days), would that constitute a wash sale?   

I seriously doubt it.  These are two completely unrelated funds, except
that they happen to have similar investment objectives.  As the IRS
publication you quoted said, "... securities of one corporation are not
considered identical to ... another corporation."  Scudder and Vanguard are
different corporations.

>        What if I sell (at a loss) shares of Vanguard Hi Yield Muni Bond 
>Fund _and_ Vanguard Insured Long Term Muni Bond Fund, and then buy 
>Scudder's *Intermediate* term bond fund (within 30 days)? 

Again, they're different corporations, so it's not a wash sale.

>        If the preceding is *not* a wash sale, could I have bought shares 
>of Vanguard's Intermediate term instead (i.e., within the same fund family) 
>without violating wash sales rules? 

Being in the same family doesn't make it a wash sale, either, although it's
no longer because they're different corporations.  They're just obviously
different securities if they're different funds with different objectives.

A good rule of thumb for when two securities are "substantially identical"
is if they have the same name.  The point of the "substantially identical"
language is to deal with the fact that two different shares of the same
company aren't the same object, but people rarely buy particular shares, so
it's necessary to create the concept of "substantially idential".
-- 
Barry Margolin
System Manager, Thinking Machines Corp.

barmar@think.com          {uunet,harvard}!think!barmar
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Stock Symbols for Fun & Profit
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: na
Date: Wed, 30 Dec 1992 23:18:36 GMT

Some stock symbols have "cute" or "fun" references to the company.

You know, where the company had a lot of fun picking the symbol?

For example:

BUD - Anheuser Busch   (Budweiser)
BEN - Franklin Resources
BID - Sothebys (large international auctioneers)
FLY - Airlease
LUV - Southwest Airlines ("Love" was in their motto)

There are quite a few such symbols which are Not part of a company's
name or initials.   So I didn't count cute parts of names such as
ONE (BancOne Corp), RVEE (Holiday RV),  IV (Mark IV Indstries),
OAT (Quaker Oats)  or CAKE (Cheesecake).

Here are a few more.   Please feel free to add to this list.

(and if that means studying the stock tables, and perhaps
learning a smidgen more about what's out there, that's OK too.)

SUIT - Men's Wear
BSBL - Scoreboard
PNUT - Jimbo Jumbo
GAS  - NICOR Inc
OIL  - Triton Energy
FON  - Sprint
CQ   - Comsat (Ask any ham radio operator)
SHIP - Regency Cruises
BYTE - Compucom
VCR  - Go-Video
LEO  - Dreyfuss Strategic Municpals (Leo the Lion is Dreyfuss' symbol)
LENS - Concord Camera
FOTO - Seattle Film
XRAY - GendX
DOSE - Choice Drug
BLUD - Imucor
SCAN - Alliance Image
OJ   - Orange Co
SODA - A&W Brands (Root Beer & other soft drinks)
BUS  - Greyhound 
TRUK - Builders Transport
PAWN - First Cash
PAPA - Back Bay Restaurants
CHIK - Golden Poultry

And since these are "fun" symbols, 

FUN  - Cedar Fair (Amusement Park)
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: georgec@eng.umd.edu (George B. Clark)
Subject: Re: Free Investment Newsletter
Date: Fri, 01 Jan 93 16:17:36 GMT
Organization: University of Maryland

I finally received a copy of the "free" newsletter advertised here in
misc.invest. What I received was an old issue, meaning it contained
nothing of current value, so I got what I paid for. Nothing.

Furthermore, the guy wants $360 per year to receive additional issues.
This is an exceedingly high price considering the newsletter is brand new
with no track record, and its editor is a former software engineer who
himself is new to the business.

He's written a computer program that analyzes financial data and generates
buy/sell recommendations, and his newsletter is essentially nothing more
than the output of his computer program.

Maybe I missed something, but my own "buy/sell recommendation" is don't.
If you want to spend $360 on investment periodicals, there are better
ways to allocate your money than subscribing to "The Aggre$$ive Trader"
by Ken Deen.
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: What good is a non-deductible IRA?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: usa
Date: Tue, 29 Dec 1992 16:51:45 GMT


In article <rlcarr.09ex@animato.network23.com>, rlcarr@animato.network23.com (Rich Carreiro) writes:
>These are all definitely superior (though of course CONgress can always
>change the rules to screw you over) -- especially 401(k)'s where the company
>has matching contributions of some sort.  However, note that some 401(k)'s 
>may well offer very limited investment choices, whereas an IRA can be invested
>in just about anything the owner wants (except for collectibles, real estate, 
>etc.). ...

If your company really values you, you may quit your job for one day.
Transfer your 401(k) distribution to an IRA.  Then get hired back by
the company.  Now, you can invest your IRA (formerly 401k) money
wherever you want.

[Note that I have not tried this myself, so you should consult your
tax accountant.]
From: schindler@csa1.lbl.gov
Newsgroups: misc.invest
Subject: Re: Institutions vs. Individuals (TAX question)
Date: 24 Dec 1992 15:38 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: world
NNTP-Posting-Host: 128.3.254.196
News-Software: VAX/VMS VNEWS 1.41    

In article <rlcarr.09ar@animato.network23.com>, rlcarr@animato.network23.com (Rich Carreiro) writes...
> 
>In other words, if the fund doesn't realize a net gain (i.e. it didn't
>sell any stocks, or the ones it sold were balanced out buy sells for losses)
>there is no distribution, even if the stocks in the fund soar.  For an 
>example, check out 20th Cent Ultra's 1991 return and it's 1991 cap gain dist
>(it was $0.00/share, in case you were wondering).
	 ^^^^^^^^^^^
> 
>Rich Carreiro                                  Home: (401)841-8514

Actually, in 1991 Ultra Investors had a distribution of $0.028/share from 
net realized gains.  But Rich's point is well taken -- The net realized and 
unrealized gains for the year were a whopping $7.86, for a 101% increase.

Aaron Schindler
From: schindler@csa2.lbl.gov
Newsgroups: misc.invest
Subject: street name vs delivery
Date: 22 Dec 1992 11:17 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: world
NNTP-Posting-Host: 128.3.254.197
Keywords: stocks, steet name
News-Software: VAX/VMS VNEWS 1.41    

I've noticed that I very infrequently receive quarterly and annual reports 
from Pacific Brokerage Service (PBS).  I called this morning to find out 
whether it mattered if the securities are held in a margin account, cash 
account or if I take delivery.  The answer is that quarterly report forwarding
is very sporadic and it is best to take delivery of the certificates.

So now I'm considering taking delivery of the certificates and weighing the 
pros and cons.  I'm wondering about the incoonvenience of having to send the
certificates in when I sell.  Are you supposed to send them certified mail?
(If so, that would mean going to the post office every time I sold a stock.
This is much more inconvenience than just dropping the certificates in a mail
box.)  Has anyone ever had any problem if they didn't use certified mail?

What happens if a certificate is lost or stolen while in my possession.  I
know you should have the certificate numbers recorded somewhere in case this
happens, but how much pain is involved in replacing the certificates?

I've identified the following pros and cons for deciding whether to take
delivery of stock certificates.

pros:  * more timely dividends 
       * quarterly and annual reports
       * no hassle or illiquid positions if the brokerage firm goes under

cons:  * inconvenience of sending certificates back in
       * risk of losing certificates
       * securities cannot be margin collateral

Does you know of any others?

For example, if I like to write calls against long stock positions, will the
borkerage firm think I am trying to write a naked call if I don't have the
securities on deposit with them?  Will they refuse to sell my call?

Aaron "hates these life or death decisions :)" Schindler
Newsgroups: misc.invest
From: dmturne@ptsfa.PacBell.COM (Dave Turner)
Subject: Re: IRA contribution restriction?!
Reply-To: dmturne@PacBell.COM (Dave Turner)
Organization: Pacific * Bell, San Ramon, CA
Date: Sat, 2 Jan 1993 06:44:27 GMT

In article <61XNwB3w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>moody@e4.ius.cs.cmu.edu (James Moody) writes:
>
>> I was just told that one cannot contribute more than $2K per year to an 
>> IRA, that if you do the IRS will penalize you.  Is this true???  I 
>> guess I always assumed that the $2K limit was the max you could deduct 
>> on your 1040.  I skipped contributing for a couple of years, and wanted
>> to make up for it now.  If this limit is true I guess I'm out of luck.
>
>No, you can only defer taxes on up to $2K/year (single), additional
>contributions are treated as nondeferred. There's no penalty for
>going over, as long as you don't mind tying up the money. You can't 
>make up for lower contributions in the past.
>
>> Just out of curiosity, what kind of penalty will can the IRS impose if
>> one over-contributes?
>
>If you take the excess out, the 10% penalty for early withdrawl applies.
>

According to the IRS Publication 590 (IRAs) for 1991 (for taxes due
April 15, 1992), there is a 6% tax on excess contributions which remain in
your IRA by the end of the tax year. The tax is due for every year until
the excess is corrected.

Pub 590 has more to say than I care to type here and the rules may have
changed for 1992. You'd better get a current copy and read it.


-- 
Dave Turner	(510) 823-2001	{att,bellcore,sun,ames,decwrl}!pacbell!dmturne
Newsgroups: misc.invest
From: mohan@netcom.com (Mohan Bodduluri)
Subject: Opinions about Lombard Discount Brokerage firm
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Distribution: usa
Date: Sun, 27 Dec 1992 02:23:22 GMT

My friend was pushing me to join this discount brokerage firm.
She believes that its costs are far below those of Charles Schwab.

I am doubtful of their service !! (IMHO, I think Schwab offers best
customer support ..

I appreciate any of your opinions 

Thanks

mohan
Newsgroups: misc.invest
Subject: Re: Mutual Funds or I.R.A.'s?????
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 31 Dec 92 14:09:40 CST
Organization: Garys' Home for Obsolete Computers

loszewski_im@hnrc.tufts.edu writes:

> Thanks for all the replies I got to my post regarding mutual funds.  I realiz
> I need to get into the reading and research, but I would like everyone's 
> opinions on one other thing.
> Being 23, which would be better to invest in, mutual funds, or an I.R.A.??

If you qualify for a deferred IRA, do both. Put your first $2K into
an IRA, invested in growth stock funds, and put anything else into
other mutual funds.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: rossi@mtu.edu (Rossi)
Subject: Re: AMD - what's your opinion?
Summary: Opinion and lesson
Organization: Michigan Technological University
Distribution: na
Date: Tue, 29 Dec 1992 06:55:42 GMT

   Having watched the Intel - AMD court battles and the radical
price swings I concluded about a year ago to own each.  So far
the idea that both benefit from the mutual competition seems to
be true.  They push each other to create value.  Until that seems
to wane or there are better places to play the cpu market I'll
probably stay put.  For AMD the things I like to see were: the 
stock repurchase (of up to 5 million shares) and the addition
of new products (the printer and ethernet chips).  Of the
two I'm expecting AMD to short term (1 to 2 years) outperform
Intel.  It is hard to expect Intel to double again so soon while
AMD is still about 1/5 as big.  The PEs are also more favorable
to AMD(and yes for good reasons).  For Intel the things I like 
to see: investment in research and fab plants.  So anyway for now 
my die are cast 12to1 in AMDs favor.  We'll see how the chips 
stack up in a while.  Enjoy the ride (as they say at the amusement
park when you get on the rollercoaster :)


ObStupido - Don't shave an eighth on an order.  My call on Sequent's
            bottom missed by that much.  Then I used the cash for
            some AMD and drips.  Well, until I cash in the gains/
            losses are all paper, but heck a market order would have
            worked jus fine.  A mistake not repeated since.

         Stephan Rossi               Michigan Technological University
Internet Address: rossi@mtu.edu   (906) 487-2223     Fax: (906) 487-2787
Snail Mail: MTU, Admin Bldg 210, 1400 Townsend Drive, Houghton, MI  49931
Newsgroups: misc.invest,misc.consumers.house
From: leffler@vela.acs.oakland.edu (Bob Leffler)
Subject: Re: Mortgage or retirement
Organization: Oakland University, Rochester MI.
Distribution: usa
Date: Fri, 1 Jan 1993 13:08:57 GMT

shoaf@helix.nih.gov (Susan E. Shoaf) writes:

>In article <30DEC199223315551@csa1.lbl.gov> schindler@csa1.lbl.gov (AARON SCHINDLER) writes:
>>In article <BGLENDEN.92Dec30180102@colobus.cv.nrao.edu>, bglenden@colobus.cv.nrao.edu (Brian Glendenning) writes...
>>> 
>>>	1) Go for a 15 year mortgage; or
>>>	2) Go for a 30 year mortgage and put the difference into
>>>	403(b) savings.
>>> 

>To be the pessimist: What if you want (or need) the money before you can retire?
>>Risk" by Charles Givens.  You get the added bonus that the interest on the 
>You lose some percent to penalty and then you must pay taxes on it as well.

>>
>>p.s.  I'd be delighted if you found a flaw in my argument.  
>>


>No flaws, just what if YOU NEED IT NOW!

Well, that really depends on your 401k program.  I can borrow up to 50%
of the value of the 401k at 2% higher than the current treasury rate.

For example, I just bought a new car at 6% interest with a 48 month
term.  I borrow the money from my 401k.  The nice part about it is that
100% of the interest money is put back into my 401k.  

This means I'm paying myself interest to borrow my money.  This sounds
like a win-win to me.

Some might ask about a home equity loan, since there may be some tax
benefit.  The problem is that in some states, the use of monies received
from home equity loans is extremely limited.  For example, in Texas,
home equity loans can only be used for home improvements.


Newsgroups: misc.invest