Go to Jeff Salisbury LWGate Home Page.From: persfin-digest <owner-persfin-digest@shore.net>
Subject: persfin-digest V4 #139
Date: Fri, 27 Mar 1998 07:37:14 -0500 (EST)
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persfin-digest Friday, March 27 1998 Volume 04 : Number 139
IN THIS ISSUE:
ADVERTISEMENT: MCI INFOSOURCE
RE: Seeking site for all index ratings
Re: MCI Long Distance
Re: How to switch to a career in finance?
Re:How to switch to a career in finance?
RE: Mutual fund sale question
option strategies - how to lock in current price?
Beware: MCI's Net Shaving Plan
$5 stock trading
====================================================================
IRA KRAKOW'S PERSONAL FINANCE WEB SITE: http://pfinance.miningco.com
PERSONAL FINANCE BULLETIN BOARD: http://pfinance.miningco.com/mpboards.htm
The Editor *strongly* suggests that you post your questions on our
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mentioned in posts are live.
PERSONAL FINANCE CHAT ROOM: http://pfinance.miningco.com/mpchat.htm
DAILY CHAT SESSION: 8:00 p.m. E.S.T.
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This issue is sponsored by:
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----------------------------------------------------------------------
Date: Fri, 27 Mar 1998 07:28:03 -0500 (EST)
From: Oppenheimer Software <Connect-Sales@mcimail.com>
Subject: ADVERTISEMENT: MCI INFOSOURCE
MCI InfoSource
"Brings Your Web Site to Their Fax"
Fax on Demand from your Web site
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Accepts voice mail after faxes are ordered
Modify the voice prompts to make it truely unique
Distribute information to anyone, even if they dont have a PC
Optionally accepts credit card fee based information retrieval
Optionally accepts PINs for secure/limited access to documents
Can pass caller through to a live operator at your location
Distribute account information, inventory, PR releases
Applications limited only by your imagination
Costs as little as $.18/page off peak
Oppenheimer Software Authorized MCI Messaging Agency
Tel:800-390-9379 E-Mail:Connect-Sales@mcimail.com
Fax:800-492-6862
------------------------------
Date: Fri, 27 Mar 1998 07:28:45 -0500 (EST)
From: "John S. Rullo" <jsrullo@enteract.com>
Subject: RE: Seeking site for all index ratings
Joe writes,
> Hello everyone - Does anyone know where there is a site where I can find
> index ratings of all the worlds indexes - such as the Emerging Markets
> Index rate, or the Hang Sang rate, etc.. Thank you - Cajun Joe
Try the following site. They provide daily updates and I know they have
the Hang Sang index. They also provide the software to update the data
files after the initial download. I have been using this free service
for about 3 weeks now and have not had any problems. There is even a
shareware charting program you can download. Its quite unique, you might
want to give it a try.
It's located at http://www.mobydata.com
Hope this helps, John
------------------------------
Date: Fri, 27 Mar 1998 07:29:53 -0500 (EST)
From: "Lloyd Colston" <colston@viagrafix.com>
Subject: Re: MCI Long Distance
> Thanks, Peter Palma, for identifying the MCI 9 cent /minute offer in
> V4#132.
> http://www.mci.com/aboutus/products/netsavings/overview.html
> It's just what I was searching for.
and
> A few issue ago, I described an MCI long distance
> offer of 9 cents/minute long distance available at
Both of these rates are good but one can get 8.9 cent calls either by
switching or not.
Information is linked to my web page at
http://www.viagrafix.com/colston/comm.htm
Lloyd Colston Excellence is not an accident
Pryor, OK USA social worker, writer, editor
Member: International Small Business Consortium
KC5FM Home page http://www.viagrafix.com/colston/
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Shopping made easy at http://www.spree.com/default.asp?x=kc5fm
Low cost Global Communications at http://ld.net/?kc5fm
------------------------------
Date: Fri, 27 Mar 1998 07:30:40 -0500 (EST)
From: Marlene <just4me@tir.com>
Subject: Re: How to switch to a career in finance?
>>>What is CFS, CPA... ? Is there any reference on what various
certifications are, how long it takes and how I can make the
transition?
R. Prasad
There is an article at
http://mutualfunds.miningco.com/library/weekly/aa051897.htm which goes into
Professional Certifications and how much study and time is involved. Hope
it helps. I have a BS in Metallurgical Engineering and actually programmed
for my career. I wanted to do something in finances. The company that I
worked for would pay for a Masters in Financial Planning (which is actually
a hard degree to find at most Universities) but would not pay for a CFP.
Hope it helps,
Marlene
- -----------------------------------------------------------------
Marlene Dziegeleski
The Mining Company--Mutual Funds Guide
http://mutualfunds.miningco.com
Bulletin Boards,Chat,and Much More...
------------------------------
Date: Fri, 27 Mar 1998 07:31:39 -0500 (EST)
From: Energo Ed <energo@fwa.cioe.com>
Subject: Re:How to switch to a career in finance?
R.Prasad stated:
> have a PhD in (chemical) engineering & do programming/simulations/
>modeling in my full-time job. I am curious about how I can switch to
>a career in financial analysis - market, stocks, derivatives, etc.
>(without doing an MBA?).
This information from Purdue's BUSINESS, FINANCE AND TECHNOLOGY PACKAGE
DIGEST may be of interest to you.
Ed
- ------------------------------------------------------
Purdue aims to put physicists on Wall Street
1. PURDUE AIMS TO PUT PHYSICISTS ON WALL STREET
A hybrid master's degree program in finance and science at Purdue that could
put physicists to work on Wall Street has caught the attention of financial
firms. Purdue's computational finance program is the first to include physics
in an interdisciplinary curriculum designed to produce graduates who combine
high-level calculation skills with an understanding of business and finance.
Graduate students in the two-year program are only in their second semester at
the West Lafayette campus, and the program is not yet an official master's
degree, but already their career prospects look bright. ''Although our program
is still in its infancy, we have already been contacted by Wall Street firms
about the availability of our students,'' says Andrew S. Hirsch, head of
Purdue's Department of Physics. ''Wall Street has long courted physicists,
because they possess a particular set of computer modeling and problem-solving
skills that seem to work in the finance industry. It's not that other math
disciplines don't teach the skills, it's just that physicists seem to have the
right combination of them.'' SOURCE: Hirsch (765) 494-3000; e-mail,
hirsch@physics.purdue.edu
http://news.uns.purdue.edu/paks/bizpak.digest.9804.html
------------------------------
Date: Fri, 27 Mar 1998 07:32:39 -0500 (EST)
From: "Richard A. Bauer" <owowo@fclass.net>
Subject: RE: Mutual fund sale question
Brian Lee wrote:
I recently sold a mutual fund and I was wondering how I report the taxes.
Over previous years, I had paid taxes on the dividends and was wondering
what I do now. I haven't sold a mutual fund before, and it did have some
gains.
You have quite a chore ahead of you!
The average cost basis is the sum of all the purchase dollars divided by
the sum of all the purchase shares - this includes the small amounts from
reinvested dividends and reinvested capital gains.
Even though you paid taxes on dividends and capital gains, these figure
in the cost basis if reinvested.
The ordeal is that you need all your mutual fund statements - and if you
have had the fund for many years, you need all of these.
Once you figure your average cost, you can use that as a starting point
for future average cost calculations. Say you purchased 1,234.333 shares
over several years and the total cost of the purchases was $13,222.36 -
that calculates to $10.71 average cost per share.
Of course, you could get fancy and sell specific shares (first shares you
bought or last shares you bought). But this adds to the complication.
Richard A. Bauer St. Louis, MO
http://www.fclass.net/~owowo/index.htm
------------------------------
Date: Fri, 27 Mar 1998 07:33:33 -0500 (EST)
From: sreeni@isi.com (Sreeni Tellakula)
Subject: option strategies - how to lock in current price?
Hi
I will have some options vested next month. And the stock price is good
now.
Is there any way I can lock the current price and deliver
the shares next month?
I vaguely remember two terms - selling short and puts.
can some one explain or give a strategy to lock the current
price.
Thank You
- --
Sreeni Tellakula
sreeni@isi.com
------------------------------
Date: Fri, 27 Mar 1998 07:34:24 -0500 (EST)
From: "Pummy Laul" <plaul@hotmail.com>
Subject: Beware: MCI's Net Shaving Plan
I signed for MCI's Net Shaving Plan and this is what I discovered.
1) My local toll (Chicago area) calling went from 3 cents a minute to
5cents a minute peak (7am -7pm) and 4 cents a minute offpeak.
2) Calling within Illinois went from 12 cents a minute (24hr) to 25cents
a minute peak and 10 cents a minute off peak.
To make it worse they now have my credit card number for direct billing.
Most of the calls I make are in the local toll area. The MCI internet
sign up page did not give any info on these new rates. I had to pry
them out of an MCI rep.
Pummy
Get Your Private, Free Email at http://www.hotmail.com
------------------------------
Date: Fri, 27 Mar 1998 07:35:47 -0500 (EST)
From: rfrego@mail.tel-net.com
Subject: $5 stock trading
The below listing is an excerpt from Internet Daily. It looks like we are
inching our way towards $0 stock trading.
Cheers,
Sarge
- -----------------------------------
Chase brokerage unit has lowest cost
The recently announced $5 stock trading commission set by Brown &
Co. brokerage is raising eyebrows on Wall Street and the Net.
Piper Jaffray electronic commerce analyst Bill Burnham said he was
"shocked" at the rate and even more surprised when he learned that
Brown is a subsidiary of Chase Manhattan (CMB). Boston-based Brown
became part of Chase four years ago. A spokesman for Chase
characterized Brown's low commission rate as "very strategic," the
New York Daily News reported. "It will be a growth business worthy
of future investment," added Chase Investment Service's Greg
Rotella. One estimate is that there are now 50 Internet trading
firms.
------------------------------
End of persfin-digest V4 #139
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