HDTenEightyP/NetNews huggingface dataset:
From: markr@mot.com (Mark)
Subject: Re: Inheritance forthcoming...advice sought
Reply-To: markr@mcil.comm.mot.com
Organization: MCIL
Distribution: misc.invest
Date: Wed, 18 Nov 1992 10:20:37 GMT
Keywords: Loop Holes

In article <BxvCuL.3y5@news.cso.uiuc.edu> acheng@ncsa.uiuc.edu (Albert Cheng) writes:
>
>In article <1992Nov16.180359.26038@microsoft.com>, philco@microsoft.com (Phillip Cooper) writes:
>>This is true, but it doesn't stop at 10K per year.  You can gift 10K
>>per person per year.  So in this case, the person could gift him 10K,
>>his wife 10K and each of his 12 children 10K (all inheritance tax-free)
>
>What is stopping people from forming a "gift-swap-club" (read tax evasion
>joint)?  Say the club has 10 members.  All of them want to gift their
>one kid $100K this year.  Here is scheme:
>	Each member gifts his/her kid $10K;
>	Each member gifts the other nine members $10K each;
>	Each member then gifts $10K to every other members' kids.
>
>$100K from each member channeled to his/her kid tax free.  Any problem
>besides upsetting IRS?

Yes, a portion of each person's one-time 600K estate-tax exemption is
being used up.  It is better to give the gift over a period of years.
(mom can give 10K/yr and dad can give 10K/yr, thats 20K/yr/kid)

Mark

Newsgroups: misc.invest
From: ferster@nwu.edu (David Ferster)
Subject: TBSP Software?
Followup-To: misc.invest
Organization: Northwestern University
Date: Tue, 17 Nov 1992 22:05:18 GMT

Does anyone have experience with Right Time software sold by the TPSB
company? They have been running rather provocative ads in various places,
like the Investors' Business Daily. I wonder if their claims are even close
to the truth.

David Ferster
Northwestern University
ferster@nwu.edu
From: jcell@cudnvr.denver.colorado.edu
Newsgroups: misc.invest
Subject: Disney Eurodollar Bond issue
Date: 21 Nov 92 22:01:38 GMT

Disney recently issued $400 million in eurodollar debt which trades on the 
Luxembourg Exchange.  If anyone could furnish me with some historical
pricing information since it was issued I would be very greatful.  The bonds
were issued around the 12th of October, and the coupon is based on a share in 
the profits from a portfolio of yet to be released live action films.

Thanks in advance, 
   Jeffrey Cell
Newsgroups: misc.invest
From: alie@csl.dl.nec.com (Andrew Lie)
Subject: Re: Exp. with Hibbard Brown
Organization: NEC America, C & C Software Development Lab
Distribution: usa
Date: Mon, 23 Nov 1992 21:17:03 GMT

In article <1992Nov23.200326.7227@mobil.com>, etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
|> In article <1992Nov22.194034.890@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
|> |> In article <38731@twerp.ease.arco.com> cahuja@twerp.ease.arco.com (Chander Ahuja) writes:
|> |> >Does anyone have experience using Hibbard Brown brokerage firm - have they
|> |> >provided good advice, kept you upto date on happenings etc...am looking
|> |> >to get involved with them , thought i'd see if anyone had any priors...
|> |> 
|> |> 
|> |> Advice?  Avoid them at all costs.   If they call hang up.  If they
|> |> want to talk, hang up.
|> 
|> 
|> Personally, I like to talk to these brokers!  I just copy down their name, number,
|> and Hot stock tip.  Then I watch the stock in the newspaper.  After a few months,
|> when it drops 50% in value, I call them back and let them know what I think about
|> their great stock-picking abilities!

Just curious. What kind of stocks do they recommend? If they are so bad, isn't it
logical to get their recommendations and then take a second mortgage to short the
stocks?
  ____________________________________________________________________________
 [							                      ]
 [  Andrew K. Lie                 *#*  (( Any opinions expressed are mine. )) ]
 [  alie@asl.dl.nec.com          ("=") (( They do not represent the views  )) ]
 [  (214) 518-5100                =*=  (( of my employer, NEC America, Inc.)) ]
 [____________________________________________________________________________]     
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Warrents
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 16 Nov 1992 03:59:57 GMT

In article <BxqnDo.AnF@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>
>>I also almost never buy options.  (I do write them though.)
>
>I have heard that there is money to be made off warrants ..
>writing them, that is. How do you write warrants?

The same way you write, for example, a call option:  you sell it
short.

But a caution:  unlike options which have a fixed expiration date,
many warrants have a provision which lets the company extend their
life.

So if you sold a warrant short expecting it to expire worthless at
expiration, and the date is extended, you just got further in the
hole than you thought.

Remember, the company who issues the warrant truly expects it to be
worth quite a bit just before expiration.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
Subject: Re: buying foreign currency for the little guy
From: gary@cdthq.UUCP (Gary Heston)
Date: Tue, 17 Nov 92 19:08:08 CST
Organization: Garys' Home for Obsolete Computers

adwright@iastate.edu () writes:

> I am interested in buying foreign currency on a small scale. Is it possible 
> to get, say Swiss Francs or Yens at a Bank in the form of Travellers Checks
> and just cash them in for dollars later on? Would i need to have proof that 
> i intend to travel to that country or can just anyone get them? Am i missing
> something or would this be an easy way for a little guy to invest in foreign 
> currency? Any advice, opinions, or references to books would be appreciated.

There are, so far as I know, no requirements that you be planning 
to travel in order to hold non-US currency.

Probably the easiest way to get small quantities is to find an
international airport with a currency exchange desk; this is,
however, quite difficult in the US (Los Angeles, Chicago, JFK,
maybe Atlanta, Dallas, or Miami). Rates won't be real good (i.e.,
high comissions), but probably no worse than a bank.

I've never run across travelers' checks in other than dollar
denominations.

Gary Heston, at home....
gary@cdthq.uucp
From: cs101a64@eng-nxt01.cso.uiuc.edu (cs101 student)
Newsgroups: misc.invest
Subject: Re: Writing options
Date: 19 Nov 92 02:33:39 GMT
Article-I.D.: news.Bxxz46.CoM
Organization: University of Illinois at Urbana

In article <sf0xNz70Bwx58D1FB0@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?
> 
> Feel free to use any other company and
> thanks,
> Jim.
> 
Don't mess around in the futures market.  It is hopelessly complicated.   
If you use the futures market as a hedge, you are defeating the purpose of  
owning the stock in the first place.  If the stock rises, the hedge costs  
you your profits.  Instead, you should invest for value, as Benjamin  
Graham and David Dodd did.  Buy stocks that sell for 2/3 of book value or  
less and have either a dividend yield at least 2/3 that of a AAA bond or  
an earnings yield at least 4/3 that of a AAA bond.  Over the long run, you  
will outperform the market with less risk.
Newsgroups: misc.invest
From: jlortiz@pbhyf.PacBell.COM (John L. Ortiz)
Subject: warrants
Organization: Pacific * Bell
Date: Wed, 18 Nov 1992 21:18:28 GMT
Keywords: stock

Would someone explain warrants. I was told that I had been
issued "x number of warrants". I should have followed up with
so what? but I didn't...

Can I convert the warrants to shares?

Are warrants worth anything?

How do I negotiate/use them if this company is *not* public
(not part of any stock exchanges). They expect to go public
soon..(for the last 2 years!).

Thank you,

jlortiz
-- 
John L. Ortiz 				uucp:pacbell!pbhyf!jlo
2600 Camino Ramon Rm. 4E700-V		voice = 415-823-2452
San Ramon, Calif. 94583			
{This is reserved for an intelligent remark :-)}
From: smp@cs.wvu.wvnet.edu (Shailesh M. Potnis)
Newsgroups: misc.invest
Subject: Need ph. number of a discount broker
Date: 18 Nov 92 18:33:21 GMT
Article-I.D.: h.2403
Organization: WVU Statistics and Computer Science


	I am looking for a telephone number of a discount broker, Robinson &
Co.  I have delt with them in the past but do not seem to locate them now.
Are they still in the business?.  I would also appreciate any suggestions of
discount brokers.

BTW	Nobody actually answers the 800 number of Brown and Co.

	All comments and suggestions are highly appreciated.

	Thanks in advance.

	Shailesh
From: gudimet@apee.ogi.edu (Rao Gudimetla)
Newsgroups: misc.invest
Subject: Need info about Janus funds
Date: 18 Nov 92 00:49:05 GMT
Article-I.D.: ogicse.46035
Distribution: usa
Organization: Oregon Graduate Institute, Applied Physics & Electrical Engineering, Beaverton

I need the address or phone number of Janus funds. Please
send e-mail to gudimet@apee.ogi.edu. Many thanks.

Rao Gudimetla

Newsgroups: misc.invest
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
Summary: With
X-Newsreader: TIN [version 1.1 PL6]


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.)

-troy
Troy.Cauble@att.com
(the email address at the top is WRONG)
Newsgroups: misc.invest
From: forbes@leland.Stanford.EDU (Keith Forbes)
Subject: Re: Is Intuit, Menlo Park, CA, a public company now ?
Organization: DSG, Stanford University, CA 94305, USA
Distribution: usa
Date: Fri, 20 Nov 92 06:52:22 GMT

	Nope.  They have thought of it, but nothing yet.  I know some
long time employees who wish they would go public so that that could reap
the profits of their stock options.

Keith Forbes
forbes@leland.stanford.edu

Newsgroups: misc.invest
From: dipand@microsoft.com (Dipan Dewan)
Subject: Re: Fod Lion 
Date: 16 Nov 92 05:40:48 GMT
Organization: Microsoft Corporation

In article <Psw4TB2w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>cooper@casey.ColumbiaSC.NCR.COM (Bob.Cooper) writes:
>
>> What are peoples thought on the Food Lion ordeal?  There have been may
>> times in past history where bad news sent the stock sharply downward for
>> a short while only to be followed by steady increase back to earlier
>> levels.  Didn't Union Carbide fall into this catagory?
>
>Presuming you're referring to the Bophal thing, I believe UC was in
>the position of being a basically sound company that suffered some
>*very* bad publicity due to two acts of stupidity; one on the part
>of some UC employees, and one on the part of the residents of Bophal
>(when the warning sirens went off, all the residents started running
>*toward* the plant to see what was happening). The majority of UC was
>not and has not been run in that manner.

I know that this is not the right place to refute this, but I believe
that this needs a better perspective. UC in Bhopal, India allowed MIC
(methyl iso cyanate, or some such poison) into the air from a pesticide
factory operated by their subsidiary in India. The leak occurred late
at night when most people were asleep. They were woken by the
pungent odor. That was not sufficient to tell them to run
_away_ from the UC pesticide plant. Around 20,000 people died! :(

The company is liable for the damage caused by the negligence
of their employees. Exxon was rightly sued for damages when their
ship leaked oil -- BTW, the damage caused, in human terms was
comparatively less, to put it mildly. Of course, in Bhopal, the
people who lost their lives were from a poor country, but that
can't make it excusable.

Warning people with sirens when releasing poison is not enough.
That would be like the Exxon Valdez justifying that spill by
claiming that it had tooted its horn!

To make this posting relevant to misc.invest :), let me point out
that such incidents are another reason for "socially responsible"
investing!
-- 
  Dipan Dewan           dipand@microsoft.com       ...!uunet!microsoft!dipand
    Views expressed above are mine; they may not be shared by my employer.
From: errol@hpgnd153.grenoble.hp.com (Errol Inan)
Date: Wed, 18 Nov 1992 10:52:20 GMT
Subject: Re: Medium and Long-term Direction of the Dollar (esp vs Dmark)
Organization: Hewlett-Packard, GND
Newsgroups: misc.invest

> / hpgnd153:misc.invest / jaorans@pbhyg.PacBell.COM (Jeff Oransky) /  4:16 pm  Nov 16, 1992 /
> 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 American trade deficit can increase for one or both of two reasons,
increased imports, or decreased exports.  The case for the U.S. is both.

You say that demand for American products is increasing?  Humm.  Today in the
French Newspaper Le Figaro, there was an article discussing the results of a
just released American Congressional survey, finding that the US has lost
ground in 10 of 11 "high-tech" industrial sectors against foreign competitors.
Some of the sectors idenitified were computers, semi-conductors,
telecommunications, consumer electronics, civil aeronautics, and automobles.
The only industry to escape a decline was pharmaceuticals.

Anybody who believes that exports of United States products relative to
foreign nations is increasing, on an inflation adjusted basis over the approx.
the last 10 years, is living in a dream world.
From: rfinch@water.ca.gov (Ralph Finch)
Newsgroups: misc.invest
Subject: Re: Stock Market Software
Date: 22 Nov 92 22:21:31 GMT
Followup-To: misc.invest
Distribution: na
Organization: Calif. Dept. of Water Resources
In-reply-to: rfinch@water.ca.gov's message of 11 Nov 92 15:36:57 GMT

>>>>> On 11 Nov 92 15:36:57 GMT, rfinch@water.ca.gov (Ralph Finch) said:
 RF> I didn't see this in the FAQ in misc.invest:  can anybody provide
 RF> recommendations for software to analyze stock market data?

 RF> Actually, I'm more interested in powerful plotting programs, rather
 RF> than mathematical analysis.  So, if you are doing this, what's your
 RF> preferred source of stock market data (both US and international), and
 RF> what's your preferred software to examine the data?

Here's what I've received so far.

"Devin J. Hanson" <DHANSON@CC.UTAH.EDU> suggested MetaStock
Professional as a very comprehensive analysis program.  It's
advertised in, e.g., *Investor's Business Daily*, phone 800-882-3040;
$349; $5 for demo disk.

I got an ad for ClearTrend, a stock market analysis and stock charting
program. Here is a quote from the email ad:

[Begin quote]
To see what ClearTrend "looks and feels" like, send me your name & address
and a free demonstration diskette will be sent to you.  Please specify
what size media you prefer (3.5" high density or 5.25" high density).  

Disclaimer:  Employer (Caltech) is not responsible for this posting or
the software (ClearTrend) that I am distributing for Nova Software, Inc.

-----------------------------------------------------------------------
gpw@antares.caltech.edu    ||    gpw@cco.caltech.edu    ||   Glenn Wyne
-----------------------------------------------------------------------
[end quote]

Ivan hajadi@sgi.com said they get quotes from clari.tw.stocks, and use
a spreadsheet to analyse and plot them.

Russ Teasdale -- rteasdal@polyslo.CalPoly.EDU says:

"I use AIQ StockExpert, just recently ordered, and like it quite a
bit.  If I'd followed its expert ratings more closely I would have
made even more money the last few weeks! However, you may ignore its
opinion at will and simply read the indicators and charts from your
own perspective. I don't think it's an open system; you couldn't hook
in a fractal analysis module."

Doug dn15+@andrew.cmu.edu said:

"I am currently using TradeStation 2.1 and FirstAlert System.  These
two programs are for professional traders.  So they do cost a little
money. ($2000 for TradeStation and $5000 for First Alert) They are
great at what they do.  For TradeStation you can test you own little
model and do trades based on your model.  (good for position trading)
TradeStation is a great software. (With a few bugs) But FirstAlert is
a Technical Charting software which provide you with great chart
ability."
--
Ralph Finch			916-653-8268
rfinch@water.ca.gov		...ucbvax!ucdavis!caldwr!rfinch
Any opinions expressed are my own; they do not represent the DWR
Newsgroups: misc.invest
From: del@cs.brown.edu (David E. Langworthy)
Subject: Re: A RANDOM WALK DOWN WALL STREET...good book!
Organization: Brown Computer Science Dept.
Date: Mon, 16 Nov 1992 17:53:49 GMT

In article <BxLDr6.6oD@news.cso.uiuc.edu>, schneid@uxa.cso.uiuc.edu (Mike Schneider) writes:
|> The book "A Random Walk Down Wall Street" was very interesting
|> reading, especially for anyone who thinks the can analyze
|> some data and come up with a good *speculation* strategy.
|> 
|> Burton Malkiel explains that speculating is trying to make 
|> quick money, while investing is making money over the long haul.
|> Further, he says that one can create a good investment strategy
|> but not a good speculation strategy.  It appears that the good
|> way to make money is to spread out your risk.
|> 
|> The book is basically about why technical and fundamental analysis
|> won't work, with many examples of exactly when and how it wouldn't work.
|> Pretty good reading.

A college text on finance or investment will contain the same information, 
give a good mathmatical justification and a means to test this hypothesis.  

-- Dave
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: When is Israel Closed End Fund going public?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 19 Nov 1992 00:17:23 GMT
Keywords: closed-end funds israel

In article <a4MS02cY2bx401@JUTS.ccc.amdahl.com> nyp00@cd.amdahl.com (Nicholas Y. Pang) writes:
>Anyone know when the Israel Fund (closed-end) is likely to go public?

First Israel Fund (ISL - NYSE) went public @ $15 about a month ago.
It dropped to around $13+ within a day or two, which is usual with
closed end funds.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Writing options
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Fri, 20 Nov 1992 14:55:02 GMT

In article <Bxxz46.CoM@news.cso.uiuc.edu>, cs101a64@eng-nxt01.cso.uiuc.edu (cs101 student) writes:
|> In article <sf0xNz70Bwx58D1FB0@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?
|> > 
|> > Feel free to use any other company and
|> > thanks,
|> > Jim.
|> > 
|> Don't mess around in the futures market.  It is hopelessly complicated.   
|> If you use the futures market as a hedge, you are defeating the purpose of  
|> owning the stock in the first place.  


What does the futures market have to do with this question?  Options on stocks
are not "futures"?  Futures are contracts on commodities and financial instruements such as grains, livestock, precious metals, currencies, etc. and cannot be traded in a stock account.


Eric Peterson

"The sooner you fall behind, the more time you'll have to catch up!"
From: jxs18@po.CWRU.Edu (Jerry Sy)
Newsgroups: misc.invest
Subject: tax free funds & 33% tax bracket ?
Date: 21 Nov 1992 15:30:15 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: jxs18@po.CWRU.Edu (Jerry Sy)
NNTP-Posting-Host: hela.ins.cwru.edu


why is a tax free bonds, or mutual funds always related to somebody
with 33% tax bracket ?  why ? can't somebody with 20% tax bracket
invest in tax free bonds ? is there something I'm missing ?


Newsgroups: misc.invest,soc.women
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: TELEBRAS
Organization: AT&T
Date: Wed, 18 Nov 1992 13:19:16 GMT

In article <1992Nov17.204531.7705@porthos.cc.bellcore.com> keith@iscp.Bellcore.COM (Keith Hawkins) writes:
>In article <1992Nov10.180221.13784@oracle.us.oracle.com>,
>kbalasub@sparcle.oracle.com (Kris Balasubramanian) writes:
>|> 
>|> Hi,
>|> 	This is a telephone company in Brazil. 
>
>Whew!!  Good thing you said what the TELEBRAS company does.  For a
>second
>there I thought they manufactured distributed undergarments! :-)

Which puts me in mind of Memory Metals. They held several patents on metal
alloys which if deformed and then heated would return to their original
shape. Well, you know how when you wash your undies the bras always come
out looking like dishrags instead of bras? Memory metals started selling 
their alloys to companies that made underwire bras and then when you ran
your bras through the dryer they came out looking like bras again. Neat.
Newsgroups: misc.invest
Subject: Variable Annuity Life Insurance Plans...
From: karl@ttank.ttank.com (Karl Bunch)
Date: Mon, 23 Nov 1992 04:16:27 GMT
Distribution: usa
Organization: Think Tank Software, Norwalk, CA

I would appreciate some pointers on Life Insurance plans that I have heard
called "Variable Tax Deferred Annuity" plans.  A Prudential sales-critter
is pushing us towards one.  I am self-employed and this seems like a good
way to bury a little cash white "covering my a**".  Is this true?

I know you have to look out for the "Modified Endowment" clauses.  Outside
of that are there other things we should be asking this guy?

Are there other companies offering better plans than Prudential has?

What tax benefits / problems am I looking at?

Thanks in advance,
Karl
-- 
% ----------------------------------------------------------------------------
% Karl Bunch                        ||| UUCP: ..!uunet!cerritos.edu!ttank!karl
% Think Tank Software               ||| INTERNET: karl@ttank.com
% 42.5% of all quoted statistics are made up, of those 23.185% are right. :-)