HDTenEightyP/NetNews huggingface dataset:
From: dlt@pt.com (Don Turrell)
Subject: Electronic Home Banking
Organization: Performance Technologies, Incorporated
Distribution: usa
Date: Fri, 8 Jan 1993 16:28:39 GMT

I'm not sure if this question fits well into the 
subject matter of this news group. However, it looks 
like a subject on which the group may have some collect
knowledge.

I have for some time been frustrated with my local
bank. The hours are typical "bankers hours" (not 
necessarily convenient to my work schedule or life style)
and more often than not the Teller lines are very long.

I have been shopping for a bank that would allow
me to conduct my funds tranfer, bill payment, etc. via modem,
relying on ATMs for cash. We have several banks in Western NY
that allow "bank by phone" but it is simply a phone-in version
of going to a branch and facing the teller.

Are there any banks offering this kind of electronic service????

I am not a regular reader of this group......would appreciate any
suggestions via e-mail dlt@pt.com

Thanks

Don Turrell
Performance Technologies, Inc.
315 Science Pkwy, Rochester, New York 14620 USA
-----------------------------------------------------------------------
|     Internet: dlt@pt.com            |   Phone:  716-256-0200 (Work) |  
|   uucp: ...!uupsi!ptsys1!dlt        |   FAX:    716-256-0791        | 
-----------------------------------------------------------------------
Newsgroups: misc.invest
From: edwardz@ecs.comm.mot.com (Edward Zhong)
Subject: how to buy EE bonds issued 5 years before?
Organization: trunking_fixed
Date: Tue, 12 Jan 1993 13:41:59 GMT

In article <1993Jan12.112737.23541@lmpsbbs.comm.mot.com> edwardz@ecs.comm.mot.com (Edward Zhong) writes:
>my bank told me that i can buy new issued EE bonds from them.
>EE bonds pay a min 6% rate after 5 years, however, for the first
>5 years, the rate goes from 4% and up. the EE bonds can be 
>redeemed 6 months after the issue date, therefore they are
>flexiable. i wonder if i can buy the older EE bond at its current
>redeeming value? i will like to earn %6 interest rate right away, but
>not 5 years later. thanks for your help.
>
>--ed
>
>p.s. line 1-800-US-BONDS is always busy.
-- 
=================================================================================
Ed Zhong, Motorola Inc. (LMPS)      |  my money works for me;
edwardz@ecs.comm.mot.com            |  i work to make my money work for me.
Newsgroups: misc.invest
From: tcbd@cbnews.cb.att.com (tom.c.b.davison)
Subject: Re: Redeeming Stock Certificate??
Organization: AT&T
Date: Wed, 6 Jan 1993 00:21:44 GMT
Summary: give to charity

Someone else suggested giving the shares to your favorite charity - 
this is a very easy procedure.  Say you wanted to give
them to a college.  call the college, ask them how, and they
will gladly send you the simple paperwork.  you need to go to
someplace like a bank to get your signatures guaranteed.  the
nice thing is that you get to deduct from your tax the value of the
certificates when you donate them.  The school will send you
a valuation to use.  If you sold the shares, you would have
the commissions to pay, capital gains on the increase in value,
and some headache.  so giving them away is pretty easy, makes you feel
good, benefits the school, and gives you a nice tax break rather than
a liability. 

(I'll be glad to offer you a school that will help you
with this if you like)
Newsgroups: misc.invest
Subject: >>>>> S corporation
From: ssimmons@convex.com (Steve Simmons)
Date: Thu, 7 Jan 1993 13:23:56 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX ComputerCorp. The 
 opinions expressed are those of the user andnot necessarily those of CONVEX.

Probably, you should check with either a lawyer or accountant on these
answers but here is my best guess...

> Here is a good question for tax experts and real estate investors.
> My friend and I are buying a rental property. At first we wanted to
> establish a S corporation and buy it for the Co. No lender gave a
> mortgage to the Co. since the property was only a three units apt.
> So I bouth the property with a 30% down and a mortgage under my sole
> name and the property as a collateral. Now can we go through with the S
> corporation and I put the property under Co name for exchange of Co.
> shares. My freind will put some cash for shares and I will take a tax
> free distribution from the Co. in exchange for my base in Co.(lets call
> it share redumption) as a way to get back some of my down payment. The 
> questions are. 

Only, the 30% equity can be transferred to the business.  The bank made 
the loan to you, not the company. If the company went bankrupt, the bank 
would have no recourse to collect money if the company owned the property
completely.

> 1- Do the lender has to be notified for this exchange? as I still will
> be responsible for the mortgage payment if the Co fails to do so.

Legally, I don't know. If everything is above board, I would probably 
do so to cover my a--. 

> 2- can we declair the morgage as a Co. debt for tax purposes and deduct
> interest as a business expense.

Finally, here is something that I can give you the right answer on.  It 
doesn't make a difference!!!!  You can deduct the interest payments as a
rental expense on your own tax forms, not the company's.  The net effect 
should be  the same.  Note, it is not an itemized deduction. It is literally
an expense against your property. 

Thank you. 

						Steve Simmons
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: How long do funds need to hold stocks?
Date: 9 Jan 93 03:15:03 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <C0Jvqo.MG0@hfglobe.intel.com>, eshen@hfglobe.intel.com (Eric Shen) writes:
|> 
|> How long do funds (or institutional investors) need to hold
|> shares of stock once they buy it?  I heard it was a minimum of 
|> one quarter, but I don't remember the source. (I might have confused it
|> with the wash-rule for tax-related selling).
|> 
No, there is no minimum. 

Like any individual, a mutual fund may hold a stock for only a few hours
if they want to. The best managed funds buy stocks for the long haul (several years).

Because mutual funds are required to report their performance on a quaterly basis, 
you often see a lot of trading and portfolio shuffling or "window dressing" around 
the end of the quarter.

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................
From: jimo@cisco.com (Jim Oneil)
Newsgroups: misc.invest
Subject: Re: flash memory
Date: 6 Jan 1993 07:05:46 GMT
Organization: cisco Systems, Incorporated
Distribution: world
NNTP-Posting-Host: stout.cisco.com
Keywords: flash memory, disk drives

Flash EPROM technology has some very nice features that will allow it to
fill in some of the holes left by disk drives

	advantages:  Non-volatile - great for replacing eprom
  		     Fills in the density void for disk drives
			that have cost floor 4-20 M byte levels.
		     High MBTF assuming low change frequency - great
			for applications, BIOS etc.
		     Very low power, great for portable PCs

	Disadvantages: Few vendors today
		       High cost per bit compared to disk as density increases
		       
		       
The key vendors today are Intel, and AMD.  Others include Hitachi, Toshiba, 
TI, Catalyst, Mitsubishi, and a few others that escape me at the moment.  There
is also a company called Sundisk that has parts made specially for it as a 
disk drive replacement.  

Two technologies are used today, one is EPROM like with fast access, and the
other is higher density but very slow access that will be primarily used in
the low density disk drive replacement market.  The term "flash" is used by
both segments so you'll need to identify the product that is offered more
carefully before investing.

-Jimo

In article <C0CzB4.JqF@cs.uiuc.edu>, watanabe@cs.uiuc.edu (Larry Watanabe) writes:
|> I have been hearing a lot about flash memory chips and how
|> they will replace disk drives in computers.
|> 
|> Perhaps more informed readers could tell me about the 
|> economics of flash memory, disk drives, and the implications
|> for the profitability of companies such as Seagate, Maxtor,
|> Quantum, etc.
|> 
|> I have the feeling that less informed security analysts
|> have written off disk drive companies, which is why they 
|> trade at relatively low P/E (besides the disk drive price war
|> factor) but actually there is going to be a niche for
|> disk drives for a long time to come.
|> 
|> -Larry Watanabe watanabe@cs.uiuc.edu
.
From: shag@aero.org (Robert M. Unverzagt)
Newsgroups: misc.invest
Subject: Re: Morningstar
Date: 5 Jan 1993 18:58:54 GMT
Organization: Organization?  You must be kidding.
NNTP-Posting-Host: aerospace.aero.org

In article <1icgbtINN936@usenet.INS.CWRU.Edu> jxs18@po.CWRU.Edu (Jerry Sy) writes:
> I have read nothing but good comments about Morningstar here in
> misc.invest.  and I have no doubt that it does a good job.
> 
> but should one be concerned because the fund review you are reading
> can be up to 2 months  (actually 18-20 weeks old) old ? and a lot of
> things could have happened during that time ?
> 
> Although past (3 mo,6 mo, 1 yr, 3 yr, 5 yr and 10 yr) performance records
> are a good basis for selecting funds, I still think Wealth w/o Risk has
> a good point in mentioning that don't just let past performace infulence
> your choice, base it on what is going on now.  For example, a fund
> might still be earning money according to Morningstar's review 2 months
> ago, but it could be losing money now and hence might be better to wait
> a little bit, or find another fund.
>

If you're in for the long haul, which I assume you are since
you care about 5 and 10 year track records, a couple of months
won't matter.  In fact, recent returns could blind you to a
good fund, for example Nicholas Fund -- I don't think I've
_ever_ seen it on any "hot funds of the past week, month, year"
list, but it's always near the top for long-term returns.

If you're not in for the long haul, you'd probably want some
"hot fund".  Of course, todays hot fund could be tomorrow's
dog -- the name of the fund escapes me (Mathers, maybe?), but
a short while ago it was the one year return leader, and the
next it was a dog -- the manager's high cash position helped
him one year, and hurt him the next.

If up-to-the day Morningstar data helps you pick the fund, you
probably don't want a mutual fund anyway -- pick your own
stocks!  If a change in the second decimal place will determine
if you invest or not, you have a pretty fine tuned system.

Shag

-- 
       Rob Unverzagt        |
  shag@aerospace.aero.org   |   The will to a system is a lack of integrity.
unverzagt@courier2.aero.org |                        - Friedrich Nietzsche 
   18348@rhodes.aero.org    |
Newsgroups: misc.invest
From: staffan@ca.serum.kodak.com (Kenneth Staffan (x37507))
Subject: Re: IRAs & Taxes
Organization: Clinical Products Division, Eastman Kodak Company
Date: Thu, 7 Jan 1993 18:05:06 GMT

In article <1993Jan7.160438.24250@unocal.com> stgprao@st.unocal.COM (Richard Ottolini) writes:
>In article <1993Jan7.085253.9687@iscsvax.uni.edu> fitch@iscsvax.uni.edu writes:
>>Just a quick question about investments ...
>>
>>I'm considering investing in an IRA for the tax year 1992.  I remember some
>>talk of excluding early IRA withdrawal for first home purchase and education
>>from the early withdrawal penalty.
>
>When it appeared Bush would lose the election mid-summer, very little of his 
>State-of-the-Union program was passed. Clinton may do something to stimulate
>people to save, but you have to wait until the end of the month to find out.

On the subject of IRA changes - there was some talk of allowing IRA 
contributions to be deducted even if the contributor had access to a 
401K through work.  Is that something else that didn't come into being?

(And, if it didn't), if one spouse has a 401K, but the other (full-time,
working) spouse doesn't, can the spouse without the 401K make an IRA
contribution and deduct it (on a joint filing)?

Ken
---
staffan@serum.kodak.com
Newsgroups: misc.invest
From: 6881300@LMSC5.IS.LMSC.LOCKHEED.COM
Subject: re: Joker '88 -- the way to make money
Organization: Lockheed Missiles & Space Company, Inc.
Date: Mon, 04 Jan 93 11:13:24 PST

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

My friend, Carlo Ponzi, invented this scheme.  So, it's obviously
ITALIAN.  Ciao, baby.

Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: auto insurance brokers
Keywords: customary procedures
Organization: Taligent, a little subsidiary of two really big companies.
Date: Mon, 4 Jan 1993 22:50:48 GMT

In article <1iacpoINN9sa@grapevine.EBay.Sun.COM> runelord@prax.EBay.Sun.COM writes:
>I asked an auto insurance broker for a price on an insurance policy.
>He told me it was customary to apply to the company and see what their response is.
>He then asked for deposit and a small processing fee.  Is it customary to pay a deposit before
>seeing the price of the policy, or is this a bunch of bunk?

Run, don't walk, to another broker.  It is absurd to have to pay money to
find out the price of something you are considering buying.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
From: clong@remus.rutgers.edu (Chris Long)
Newsgroups: misc.invest
Subject: Re: Neural Net Trading Systems/ Financial Data
Date: 9 Jan 93 02:58:08 GMT
Organization: Rutgers Univ., New Brunswick, N.J.

In article <C0JzEo.8Bu@watserv1.uwaterloo.ca>, Dave Woods writes:

> Second question, has any form of sight yet been set up for financial
> data?  I recently started purchasing my market data from Worden
> Brothers, but their data seems to be lacking in certain areas, and
> as a poor undergrad student, I'd rather get my historical and recent
> data for free..... 

I've been looking into obtaining this data myself.  Ideally, I'd like
to obtain a one-year history of every stock, plus the ability to
download all the stock information after the market closes.  This is
such a tiny amount data, and public-domain also, so there must be
some way to obtain it in computer-readable form cheaply.  The places
I've looked at were really obscene (I'd be willing to pay $20/month, no
more).  How is Dow Jones or Compouserve?
-- 
Chris Long, 265 Old York Rd., Bridgewater, NJ 08807-2618

Score: 0, Diff: 1, clong killed by a Harvard Math Team on  1
From: ae935@cleveland.Freenet.Edu (Jon Waler)
Newsgroups: misc.invest
Subject: Wordperfect Info Needed
Date: 6 Jan 1993 07:53:26 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: slc10.ins.cwru.edu


Does anyone know the date that Wordperfect Corp. is supposed to
go public??  Does anyone have a # where I can call for a 
prospectus??


Jw
Newsgroups: misc.invest
From: cfwpm@ux1.cts.eiu.edu (Bill McGown)
Subject: Re: BETA - BLACK SHOLES
Date: Wed, 13 Jan 1993 02:47:43 GMT
Organization: Eastern Illinois University

>In article <1993Jan9.023553.25985@news.ysu.edu> ai428@yfn.ysu.edu (Daniel Schiffer) writes:
>>
>>Does anyone know a formula to derive volitlity
>
>It's not very likely that such a formula exists.

Actually, it is quite simple. It is the annual standard deviation
of stock price. So just grab a years worth of daily close figures
and get the standard deviation of that data set. (Ref.; McMillan, Options
as a Strategic Investment, 1980 pg. 395-396, )

It is also possible to get volitility by leting volitility be the unknown
in the BS formula and use the option price from the quotes. This will work
very well if you use a number of days (say Fri. quotes for the prior month)
as price when solving for volitility.  Hope this helps. Bill.




-- 
**************************************************************
W. P. (Bill) McGown                     Eastern Ill. Univ
cfwpm@ux1.cts.eiu.edu                   Psychology Department
                                        Charleston, Il. 61920
Newsgroups: misc.invest
From: sartin@88opensi.88open.ORG (Rob Sartin)
Subject: Re: < $5000:don't buy stock?
Reply-To: sartin@88opensi.UUCP (Rob Sartin)
Organization: 88open Consortium Ltd., San Jose
Date: Wed, 6 Jan 93 19:18:20 GMT

In article <1993Jan6.023232.15955@Happy-Man.com> Irving_Wolfe@Happy-Man.com writes:
>What difference does the price of the stock make?  There's no 
>meaningful penalty for buying an odd lot!  Thus it's smartest to 

The is one meaningful penalty: minimum commissions.  Let's
consider $1000 invested through Charles Schwab with the 10%
commission reduction for electronic orders.  The cost to
buy or sell is $35.10, thus the round trip will be $70.20
or 7.02% of the initial invesment.  I call that meaningful.
It's almost as bad as a full load fund.

Rob
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Wed, 6 Jan 1993 20:19:11 GMT
Subject: Re: Trading Places
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, cthorne@magnus.acs.ohio-state.edu (Charles E Thorne) writes:

> I don't know the details, but it's my impression that selling large
> volumes of futures short requires money, stock and/or credit.  The
> commodity exchanges aren't going to allow someone to come off the street
> and incur huges financial liabilities without some backing.

If you have a seat on the floor, you can buy and sell at will, only settling
accounts at the end of the day.  There are seats which are up *for rent*, which
Dan and Eddie could have gotten for a few thousand dollars.  I don't know what
checking is done or financial backing is needed before someone is allowed to
do this.

----------------------------------------------------------------------
Brian Rauchfuss (Smokefoot)  "... the world could change in the blink
brian@hpfcbdr.fc.hp.com           of an eye."
Newsgroups: misc.invest,misc.taxes
From: hbe@sonia.math.ucla.edu (H. Enderton)
Subject: Re: Need advice to lower taxes
Organization: UCLA Mathematics Department
Distribution: usa
Date: Fri, 8 Jan 93 00:05:26 GMT

>In article <1993Jan6.192026.8885@asl.dl.nec.com>
 dillhoff@aslws01.asl.dl.nec.com (Doug Dillhoff) writes:
>>I have a friend who makes over 100K/year and is looking for ways to
>>lower his tax liability.             ...              He is in his
>>50's so he doesn't want something that is risky.

Who says people in their 50's shouldn't take risks?  You don't say what
your friend's assets are.  But if he is making that kind of money, he
should have some chunk of money that he can really *play* with.

(By the way, the answer to your original question is "not much."  There
may be a few low-income housing packages with tax credits involved.
But you're talking about a level where professional advice is needed.)

--Herb Enderton  (age 56)    hbe@math.ucla.edu

Newsgroups: misc.invest
From: dwoods@watserv1.uwaterloo.ca (Dave Woods )
Subject: Neural Net Trading Systems/ Financial Data
Organization: University of Waterloo
Date: Fri, 8 Jan 1993 20:54:23 GMT

Hi, I've been away from the wonderful world of the Internet for the past 
four months, so I'm posting a couple of questions in a quick attempt to 
catch up.

First, does anyone here have any information (or sources of information) on
neural net trading systems?  I remember seeing some discussion here about
them a while ago, and the the topic has popped up in several peridocals, such
as Barron's, Technical Analysis of Stocks and Commodities, and the Canadian   
Financial Post.  I also recently (about a half hour ago) purchased a copy
of a book called "A Practical Guide to Neural Nets" by Marilyn McCord Nelson,
this book isn't dedicated specifically to trading system applications, but it  
came with software, and looked pretty good.

Second question, has any form of sight yet been set up for financial data?  I 
recently started purchasing my market data from Worden Brothers, but their data
seems to be lacking in certain areas, and as a poor undergrad student, I'd  
rather get my historical and recent data for free..... 

Anyway, those are my two questions for now, I hope to hear from anybody with
any further information on those topics (or hell, any other topics of related
interest.!)

	Dave Woods 
	dwoods@watserv1.uwaterloo.ca

P.S.  One other quick note.  If you or anybody you know is interested in 
getting into playing the markets, and excellent and cheap (and funny!) book 
is "Safe Sex on Wall Street", sorry don't know the author, I got it for a 
friend at Christmas.
From: jimo@cisco.com (Jim Oneil)
Newsgroups: misc.invest
Subject: Re: AMD - what's your opinion?
Date: 12 Jan 1993 07:01:44 GMT
Organization: cisco Systems, Incorporated
Distribution: world
NNTP-Posting-Host: stout.cisco.com

In article <C01G6K.7qF@chinet.chi.il.us>, koziarz@chinet.chi.il.us (Louis Koziarz) writes:
|> >Can AMD really expect to have any kind of technical advantage over Intel?
|> 
|> Maybe not, but I can buy AMD FLASH chips right now, and Intel's quoting me
|> at least three months before I can see quantity, if not more.  Intel 
|> gambled on flash fabs and they're losing.

This is a little off the mark.  Intel is still the largest Flash EPROM
producer.  However due to the shortage of specific parts they have tended
to supply the parts that are single sourced - boot block parts are very
popular.  Intel also supports their largest customers in allocation 
situations which happen periodically in the semiconductor industry, which
would account for your lack of parts.

AMD has taken a slightly different approach that focuses on performance 
parts rather than bulk.  

Depending on your application one vendor or the other may be critical.  

|> 
|> I'm also reading an article here about a joint venture between AMD and
|> C-Cube for MPEG/JPEG technology.
|> 
|> I'd take the microprocessor issue as a small part of a bigger picture...

Others have commented on this. 

-Jimo

|> 
|> -- 
|> Louis Koziarz
|> koziarz@chinet.chi.il.us
|> 
|> Caught a SIGSEGV - .newsrc trashed
From: ioguo@mars.lerc.nasa.gov (OA Guo)
Subject: Re: muni bond fund
News-Software: VAX/VMS VNEWS 1.41    
Organization: NASA Lewis Research Center
Date:  6 Jan 1993 15:04 EDT  

In article <1993Jan6.153528.9221@newsgate.sps.mot.com>, tomt@nano.sps.mot.com writes...
>Hello,
>I am looking for a good no - load municipal bond fund.  The investment objectives
>of the fund should not be limited to short-term or limited term bonds.
>Any recommendations?

	How about MFS Municipal Inc. Trust traded in NYSE as MFM.  It is
	paying $0.70 every year (monthly payment).  Tuesday's close is 8 7/8.
	So the yield is about 8% which is equivalent to 11.5% before tax if
	you are on the 31% bracket.
	Dividend is exampted from Fed tax and a large portion of the dividend
	is also exampted from your state tax (depend where you live and how
	the funds are located, it's a long story).
	It is traded on NYSE just like stocks, very liquidable.

>Thanks, 
>Tom
>tomt@nano.sps.mot.com
> 
-----------------------------------------------------------------------------
OA Guo                        |I am not only human,
NASA - Lewis Research Center  |I am also a humanist.
Cleveland, Ohio               |
Newsgroups: misc.invest