HDTenEightyP/NetNews huggingface dataset:
From: exuslh@exu.ericsson.se (Sherry HArris,xtr,0334)
Newsgroups: misc.invest
Subject: Capital Gains Advice
Date: 5 Nov 92 17:25:28 GMT
Reply-To: exuslh@exu.ericsson.se
Organization: Ericsson Network Systems, Inc.
X-Disclaimer: This article was posted by a user at Ericsson.
              Any opinions expressed are strictly those of the
              user and not necessarily those of Ericsson.

Wanting some advice on how or what to do with the Capital Gains
from selling my house.  The house is currently claimed as my primary
residence (Homestead).

I know that if I invest it into another house within two years,
no taxes will be owed.  This money would represent my only significant
savings at the current time.  I feel as if it should be put back (invested)
for retirement and I'm not convinced that investing in a new used home
would be a good investment for the future.  Have heard horror stories of 
people investing in a house and not getting their money back out.

I know if I keep the money it will be subject to income tax of atleast 28%.

Is there somewhere to invest the money that would save this tax?  What about
an IRA?

any help or information would be appreciated.

----------------------------------------------------------------
Sherry Harris        		 Ericsson Network Systems, Inc.
exuslh@exu.ericsson.se           Richardson, TX 75081
"These opinions are strictly my own"			 
-----------------------------------------------------------------
From: jonw@hpgrla.gr.hp.com (Jon Wade)
Date: Mon, 9 Nov 1992 18:17:28 GMT
Subject: Re: Surviving Clintonomics
Organization: Hewlett-Packard, Greeley, CO
Newsgroups: misc.invest

In misc.invest, kingsley@hpwrce.mayfield.hp.com (Kingsley Morse) writes:



>			Clintonomics

>	The San Jose Mercury News had these suggestions for surviving 
>President Clinton's term in office:

>	1.) Change from variable rate mortgages to fixed rate, so your
>	interest payments stay fixed as inflation goes up.

>	2.) Invest in commodities, which tend to do well during inflation.

>	3.) Buy high technology stocks; Clinton favors high tech.


Clinton actually favors high tech chicken production, the only high tech he
has been involved in

Jon
From: 21329JMK@MSU
Newsgroups: misc.invest
Subject: Re: 76 CREF bond fund
Date: 6 Nov 92 15:44:00 GMT
Organization: Michigan State University

------------------------- Original Article -------------------------
>I can usually tell whether the CREF stock fund has gone up or down
>based on the numbers I see on CNBC--e.g. the DJIA and SP numbers
>are pretty good indicators of the direction of
>change in unit value for the stock fund.
>
>Could someone suggest some similar figures that correlate
>with the value of the CREF Bond fund--should I pay attention
>to the price of bonds or their rate of return, etc.

 The Treasury Note Futures ( cref bond / T Note ) tracks rather smoothly.

>Also, any idea how long it will be before TIAA imposes a fee for
>each transfer between funds (I am hoping they will impose such a fee
>and then allow for more frequent transfers).

TIAA isn't intended to be used for short term investment.  Use the Money
Market to park short term cash.

>Bob Losee
>losee@ils.unc.edu
Newsgroups: misc.invest
Subject: Re: Boycott Colorado
From: gary@cdthq.UUCP (Gary Heston)
Date: Sat, 07 Nov 92 17:25:27 CST
Organization: Garys' Home for Obsolete Computers

dbernard@clesun.Central.Sun.COM (Dave Bernard) writes:

> I guess I don't understand the boycott drive.  If homosexuals don't
> think that the majority of people in Colorado want them, as indicated
> by the democratic process, then avoiding the state plays into the hands
> of those the homosexuals oppose.  Heck, if homosexuals REALLY wanted to
> annoy Coloradans, they'd flock to Colorado in droves, and constantly be
> in the face of the voting majority, right?

.....which then gives Colorado a *booming* economy. In a state which
depends heavily on tourism, a boycott can have a significant impact.

Being righteous and bankrupt may be emotionally satisfying, but it's
a good way to starve.

(Note: I'm not gay, in Colorado, nor concerned with anyone elses' 
preferences, so long as they don't try to inflict them on me.)

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: brownr@hydra.rtp.dg.com (Randy Brown)
Subject: Re: GM card (was Re: FORD visa vs. DISCOVER)
Date: Wed, 11 Nov 92 21:24:03 GMT
Organization: DG-RTP Graphics Group

In article <INS.CWRU.Edu>, smh6@po.CWRU.Edu (Seth M. Hardy) writes:
|> Subject: Re: FORD visa vs. DISCOVER
|> Date: Thu, 5 Nov 92 18:40:37 EDT
|> 
|> 	Please correct me if I'm wrong, but my new GM card gives me 5% credit
|> towards the purchase of a new car or truck.  Although that is not the
|> same as cash back, its pretty good for somebody who is going to be
|> buying a new car or truck in the future.

Could someone post the specs for this card.  I know that there is an annual
limit, and the totals can only accrue for 5 years, something like 700/year
for five years.  And $700 would require $14000 in charges in each year.
So, if you charged $70000 in 5 years, you would have a $3500 rebate.
That sounds like a hell of a lot of work to me, unless you used it as a
corporate charge card.

Randy
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: 401(k) Rollover Advice
Organization: Taligent, a little subsidiary of two really big companies.
Date: Thu, 5 Nov 1992 21:54:01 GMT

In article <1992Nov5.153558.24796@hal.com> ables@hal.com (King Ables) writes:
>This is wrong.  You can get the check cut with no withholding if you put on the
>form you fill out that you intend to roll it over into another account or another
>company plan.  Of course, if you later decide *not* to roll it over, then *you* are
>responsible for getting the taxes and penalty paid on time.

As of January 1, 1993, the law is changing.  If you accept a check as a
distribution from a 401(k)/403(b)/Keogh plan, taxes are withheld from
it automatically.  In order to avoid this, you must arrange for a
direct trustee-to-trustee transfer of the money.  This change does not
currently apply to an IRA.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
Newsgroups: misc.invest
From: cooper@casey.ColumbiaSC.NCR.COM (Bob.Cooper)
Subject: Fod Lion 
Organization: Your Organization Here
Date: Tue, 10 Nov 92 15:06:17 GMT

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?

-- 

        -Bob Cooper 
	 Systems Architecture
	 Bob.Cooper@ColumbiaSC.NCR.COM
	 (803) 796-9250
Newsgroups: misc.invest
From: sehari@iastate.edu (Babak Sehari)
Subject: Re: Investing in an Inflationary Environment?
Originator: sehari@class1.iastate.edu
Organization: Iowa State University of Science and Technology, Ames, Iowa.
Date: Thu, 5 Nov 1992 18:36:01 GMT

In <1992Nov05.151851.32557@ux1.cts.eiu.edu> cfwpm@ux1.cts.eiu.edu (Bill McGown) writes:


>Now that the votes are counted I feel quite strongly that we will
>see a resurgance of inflation and upwardly moving interest rates.
>What investiments should one look to to profit from these trends?
>(That is, if they develop.) 
>If there is sufficient interest I will summarize and post responses to
>the net.

>Many thanks... Bill.

>-- 
Conventional wisdom say gold, but as you know conventional wisdom is not
working anymore.  Therefore, I guess foreign currency and assets.  Specially,
those of south east Asian countries, such as Korea, Japan.  Off course, this
assumes that china does get very upset in future.

                        With highest regards,
                             Babak   Sehari.
 
-- 
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: Offset 401(k) Rollover Withholding
Organization: Taligent, a little subsidiary of two really big companies.
Distribution: usa
Date: Thu, 12 Nov 1992 20:55:07 GMT

In article <1992Nov11.040743.26963@news.eng.convex.com> dodson@convex.COM (Dave Dodson) writes:
>In article <BxJ25L.zH@taligent.com> cep@taligent.com (Christophe Pettus) writes:
>>That's a no-no.  When you sign your W-4, you are signing that you
>>believe (and have a rational basis for) the number of allowances you
>>are claiming.
>
>But you _do_ have a rational basis for the number you are claiming, and
>the IRS cannot force you to be overwithheld, even if they would like to.

Take a look at a Federal W-4.  There's a worksheet.  The IRS can fill
out the worksheet just as easily as the employee can, and the IRS
absolutely does have the power to instruct an employer to use a
particular number of allowances; as an employer, I've (once) received
such a letter from the IRS about a single employee who claimed 20
allowances.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 12 Nov 92 20:12 PST
Subject: Re: Stocks vs. Bonds
Nf-ID: #R:1992Nov10.203122.729@fs7.ece.cmu:-190858895:cdp:1426500293:000:558
Nf-From: cdp.UUCP!mcaldon    Nov 12 20:12:00 1992


|Which ever asset allocation mix you choose, make sure you stick to it.
|On a regular basis -say every 6 months- compute the value of all your
|investments, then reshuffle them so that the percentage mix of
|stocks, bonds and cash is still the same (in your example, 75% stocks and
[...] 

This means, of course, that you will always be favoring the parts of
your portfolio performing worst.  The trend is your friend?  DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Newsgroups: misc.invest
From: wyao@.oracle.com (William Yao)
Subject: GM and Ford credit cards
Followup-To: wyao@us.oracle.com
Organization: Oracle Corp., Redwood Shores CA
Distribution: misc.invest
Date: Thu, 12 Nov 1992 20:08:47 GMT
X-Disclaimer: This message was written by an unauthenticated user
              at Oracle Corporation.  The opinions expressed are those
              of the user and not necessarily those of Oracle.

Could someone email or post the phone numbers for both the GM and Ford
credit cards?

Much appreciated...

Email to wyao@us.oracle.com
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Mark vs. dollar, Lombard historical info wanted (online or tabular)
Date: 5 Nov 92 19:39:03 GMT

Does anyone out there have the mark vs dollar information online and
willing to send to me?  Ditto for the Lombard rate.  I know there is no 
ftp site or anything like out there, but realize that some investors
may type it in on their own and have it in an easily-emailable form.
If nobody has this, is there a good source I can find tabular data
(i.e., easy to type in) with a weekly or monthly granularity?

Thanks for any tips.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
From: lib@cbnews.cb.att.com (Lib)
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Date: 5 Nov 92 16:21:09 GMT
Article-I.D.: cbnews.1992Nov5.162109.22057
Organization: AT&T

From article <prspool.720888204@terra>, by prspool@siemens.com. (Peter Spool):

> Do NOT, under any circumstances, accept a check made out to you, for the 401(k)
> funds.  If you accept a check to you, the following "CATCH-22" situation will arise:
> 
> (1) Taxes are due on the 401(k), plus a 10% penalty for early withdrawal,
>     and these will be removed BEFORE the check is written.

This is hogwash. Ignore it. All you have to do is ASK that they not withhold.
From: cep@taligent.com (Christophe Pettus)
Newsgroups: misc.invest
Subject: Re: Boycott Colorado
Date: 10 Nov 92 19:41:38 GMT
Article-I.D.: taligent.BxIMpE.Gq4
Organization: Taligent, a little subsidiary of two really big companies.

In article <1992Nov9.083942.298@v7.vitro.com> mzwick@vitro.com (Morris J. Zwick) writes:
>You cannot enforce your
>will by force. Perhaps your boycott will just strengthen their resolve.

The (substantial) minority that voted against Measure 2 in Colorado
might disagree with you that something cannot be enforced upon them,
since something currently is.  This, it's very unlikely that Measure 2
doesn't violate the 14th Amendment, so it may well be academic.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Buy Clucker's Wood Roasted Chicken
Organization: AT&T
Date: Thu, 12 Nov 1992 17:35:12 GMT

  
Buy Clucker's Wood Roasted Chicken (based in California, an
IPO from earlier this year). It's cheap and it tastes great.
From: rmandel@bu.edu (Richard Mandel)
Newsgroups: misc.invest
Subject: Re: CHINA - closed end funds - information
Date: 12 Nov 92 14:28:18 GMT
To: jli@lark.utah.edu (Jianliang Li)
X-Newsreader: Tin 1.1 PL5

I purchased some Jardine Fleming at the initial public offering 
price of $15 a share and watch it immediately go down to around
$12 a share.  I subsequently read that it almost never pays to
buy shares at an initial public offering (IPO) because the 
underwriting companies support the share price initially and
the price almost always declines after that.  It has subsequently 
retraced most of the loss and I hope that in the long run it will 
prove successful.  However, a lot of money is often lost in the
short run.

I hope this is of help                        Rich

-------------------------------------------------------------------------------
Richard Mandel                      |      E-mail address: rmandel@acs.bu.edu
Department of Pathology             |            Phone No: 617-638-4512
Boston Univ. School of Medicine     |              Fax No: 617-638-4085
80 E. Concord St                    |
Boston, MA 02118                    |
-------------------------------------------------------------------------------
From: niemi@astroatc.uucp (Bob Niemi)
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Date: 6 Nov 92 21:08:58 GMT
Organization: Astronautics Technology Cntr, Madison, WI

In article <1992Nov5.162109.22057@cbnews.cb.att.com> lib@cbnews.cb.att.com (Lib) writes:
>From article <prspool.720888204@terra>, by prspool@siemens.com. (Peter Spool):
>
>> Do NOT, under any circumstances, accept a check made out to you for 401(k)
>> funds.  If you accept a check to you, the following "CATCH-22" situation will arise:
>> (1) Taxes are due on the 401(k), plus a 10% penalty for early withdrawal,
>>     and these will be removed BEFORE the check is written.
>This is hogwash. Ignore it. All you have to do is ASK that they not withhold.

According to an article in a recent AAII Journal (sorry, don't have
the citation in front of me), there is a new rule effective Jan 1, 1993.
If a check disbursement of 401k or other "rolloverable" funds is requested,
20% withholding MUST be done.  (Read, interest free loan to the govt).
If you want to make good the 20%, you must do it out of your own pocket.
(Question: could you pony up $20,000 on short notice without pain?")

The ONLY WAY TO AVOID withholding is to effect a direct transfer into a
qualified account (say, an IRA or your next employer's 401K).

Some problems may result if you interrupt your 401k stream with an IRA.
Consult the apocryphal tax adviser for details.
Note that even though you might be able to stay with your current
employer's 401k after you leave; you probably won't be able to contribute.

Bob Niemi, Astronautics, Madison, WI   ..uwvax!astroatc!niemi
From: as@sgi.com (Ashmeet Sidana)
Newsgroups: misc.invest
Subject: Re: Banks trouble?!!
Date: 6 Nov 92 00:17:07 GMT
Organization: Silicon Graphics, Inc.

In article <1992Nov3.234608.87997@ns1.cc.lehigh.edu> jm0i@ns1.cc.lehigh.edu (JOSEPH ALOYSIUS MCVEIGH) writes:

>Of course, I may be wrong, but I think the 1980-81 rate rise debacle that
>crippled the thrifts sitting on long maturity gaps taught the world the
>CYA principle as applied to fixed-income assets.

What is the CYA principle?

Thanks,

---Ashmeet Sidana
   as@sgi.com
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Keywords: rollover, 401(k), retirement
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 05 Nov 92 22:37:08 CST
Organization: Garys' Home for Obsolete Computers

prspool@siemens.com. (Peter Spool) writes:

> The MOST IMPORTANT thing to do, is to arrange a DIRECT TRANSFER of your 401(k
> funds from your previous employer, to your new employer, or to your IRA accou

By the way, that witholding thing doesn't come into effect until
January 1st; before then, you can take a check directly without 
any witholding or problems. After then, you're screwed.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: kendall@adobe.com (Janice Kendall)
Subject: Re: General Motors
Organization: Adobe Systems Incorporated
Date: Sun, 8 Nov 1992 01:19:30 GMT

In article <1992Nov6.234342.14930@informix.com> proberts@informix.com (Paul Roberts) writes:
>In article <lfb8vtINN9dm@exodus.Eng.Sun.COM> tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill) writes:
>>Investing for a turnaround is often lucrative.  The trouble is,
>>there are more hoped-for than actual turnarounds.  Right now I'm
>>wondering about General Motors.  Several questions:
>>
>>Ross Perot claims GM could have been fixed back when he tried to
>>fix it, when "there was still time".  I remember this but don't
>>remember the details.  Exactly what did Perot propose?  Would it
>>have worked?  If it would have worked then, why not now?
>>
>>This morning I went to look at Saturns.  Definitely a better car
>>than Tercel, Corolla, Civic, Sentra, or Escort, and also a better
>>value.  Trouble is, this seems to be GM's only competitive product
>>design outside of trucks and the Corvette.  This would imply that
>>a turnaround is at least one product cycle away.
>
>Note that even GM's Saturn division is loosing money.  

After reading the Colorado Boycott thread, I'm unsure whether this will
be judged to belong here or not.  But, boycotts can affect a company's
profitability.  PETA is advocating the boycott of GM products because 
they have continued with cruel animal experiments for the purpose of 
protecting themselves in liability lawsuits, even though many courts 
do not allow the results of these experiments admitted as evidence.  
(Granted, some people will buy GM just because it is PETA behind 
the boycott.)
   
 Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall

      Don't Panic!  Clinton will be our *42*nd President.
Newsgroups: misc.invest
From: jvinson@xsoft.xerox.com (Jeffrey A Vinson)
Subject: Cabin for Sale - Pioneer, CA (Rt 88)
Date: Mon, 9 Nov 1992 12:15:18 PST
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X-To: misc.invest.usenet


************************************************************************

	LITTLE RED CABIN FOR SALE - Great getaway!!
			Pioneer, CA  (Rt 88)

* 12 years old,  2 BR/1 Bath, 900+ sq.ft.
* Great deck overlooking completely wooded lot
* 1 Acre total land; backs up to county land/forest; deer on property

* Well-insulated house, quality construction, double paned windows
* Pump for heat and cooling
* 2 cable jacks; 2 phone jacks
* 2 windows in each bedroom; 6 in living area
* Wood burning fire place insert (with fan)
* Full kitchen (AEK,  range, oven, D/W, disposal)
* County water; septic tank
* Laundry hookups
* Most *furniture* available for bid (beds, stereo, couches, etc.)

* 3 hours from bay area
* 2 miles off Route 88
* Quiet, peaceful dead-end street
* altitude: 3500 ft.
* Kirkwood 40 minutes away for great skiing (Iron Mt.- 30 mins)
* 18 hole golf course nearby; great restaurants
* Gold country nearby; wine tasting

Listed for $100K. For more information, contact Jeff Vinson
		  daytime phone:  415.813.7492 
		  email: JVinson.OSBU_North@Xerox.com or
		  vinson@migration.com
************************************************************************
From: mcaldon@igc.apc.org (McAldon International Inc.)
Newsgroups: misc.invest
Subject: Re: Mellinger's World Trade / Mail Orde
Date: 5 Nov 92 04:14:00 GMT
Nf-ID: #R:had:13422:cdp:1426500292:000:722
Nf-From: cdp.UUCP!mcaldon    Nov  4 20:14:00 1992


|I just received an introduction package from The Mellinger Co. (California)
|for their World Trade and Mail Order plan.  I'm wondering if anyone 
|ordered and tried their plan?  Basically the plan will show you step by
|step in setting up and running an import/export mail order business.
|
|Is it worth the cost ($225)?  Or am I better off buying some books on mail
|order or go to the library?
|/Dave.

Mellinger has made its living for decades selling mail-order courses
to people who think they can make money importing stuff to sell. Draw
your own conclusions.     DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: rlcarr@animato.network23.com (Rich Carreiro)
Newsgroups: misc.invest
Subject: Re: Boycott Colorado
Distribution: world
X-NewsSoftware: GRn 1.16f (10.17.92) by Mike Schwartz & Michael B. Smith
Date: 8 Nov 92 21:39:47 EDT
Organization: The Other Side of Life

In article <1992Nov5.204645.17596@newsgate.sps.mot.com> craigp@dolphin.sps.mot.com (Craig Petty) writes:
> Colorado has become the first to constitutionalize discrimination.  If you
> care about civil rights, please consider boycotting Colorado in all aspects
> (business, travel, etc).
> 
> I just called Invesco Financial Funds and closed all of my mutual fund
> accounts with them.  
> 
> This is the company that offers the Industrial Income fund, which has
> received extremely positive press the past year in various money magazines.
> 
> Someone also mentioned that Janus is based in Co, so I'll be calling them
> next to cancel.

This strikes me as remarkabily stupid and rather irrelevant.  Unless those
companies supported the amendment, what is the point of boycotting THEM?
They have done no wrong.
From: ables@hal.com (King Ables)
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Date: 5 Nov 92 21:32:06 GMT
Article-I.D.: hal.1992Nov5.213206.25540
Organization: HaL Computer Systems, Inc.

>> (1) Taxes are due on the 401(k), plus a 10% penalty for early withdrawal,
>>     and these will be removed BEFORE the check is written.
> 
> This is wrong.  You can get the check cut with no withholding if you put on the
> form you fill out that you intend to roll it over into another account or another

Well, I've been told that there is a new law taking effective on Jan. 1
where they automatically withhold if you take the check by hand... I *hate*
it when they try to protect us from ourselves.   Probably too many people
thought "I know, I'll tell I'm going to roll it so they give me the full
amount and then I'll just keep it and nobody will be the wiser."  I'll bet
they were surprised come April 15.

I haven't heard of this, but I haven't been keeping up with the issue,
so the advice here is *ask* when you're filling out the paperwork (which
is what you should be doing *anyway*).  
---------------------------------------------------------------
King Ables                    HAL Computer Systems, Inc.
ables@hal.com                 8920 Business Park Dr., Suite 300
+1 512 794 2855               Austin, TX  78759
---------------------------------------------------------------
"Sometimes you're the windshield, sometimes you're the bug."
				-- Dire Straits & Mary-Chapin Carpenter
Newsgroups: misc.invest,misc.taxes