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persfin-digest           Monday, May 4 1998           Volume 05 : Number 009



In this issue:

       Sorry for test mailings...
       Re: Good Book on Financial Statement Analysis
       Re: persfin-digest V5 #8
       MA Roth IRA update
       Re: persfin-digest V5 #8
       U.S. Bonds
       Re: US Savings Bonds
       Online Trading

The messages posted to the Persfin-Digest are opinions and are not
intended to substitute for qualified professional advice.  Subscribers
should seek the services of qualifed professionals for such advice.  The
publisher, Internet provider, and Digest contributors cannot be held
responsible for any loss incurred as a result of the application of any
of the information provided here.

Copyright (c) 1998, Jeff Salisbury

POSTED SUBSCRIPTION FEE:  $20/year.  Payment is optional.  You will not
be billed.  The Digest is available to all subscribers, whether or not
they pay.  I do not discriminate either in favor of paying subscribers
or against nonpaying subscribers.  If you feel that the information
presented here is worth the fee, and you feel comfortable paying it,
send cash, check, or money order (U.S. funds), payable to "Jeff Salisbury",
to:

    Jeff Salisbury
    65 North 1300 East
    Logan, Utah  84321

Payment will be acknowledged by e-mail if you include an e-mail address.
Subscribe: e-mail [e-mail], text: subscribe persfin-digest
Unsubscribe: e-mail [e-mail], text: unsubscribe persfin-digest

----------------------------------------------------------------------

Date: Sat, 02 May 1998 08:53:23 -0600
From: [e-mail] (Jeff Salisbury)
Subject: Sorry for test mailings...

Everyone,

My apologies for the numerous test emailings that were present in the
last perfin.  They were actually sent out before the Xmission version
of persfin was fully operational.  They must have been sitting in some
queue somewhere until this morning...

Regards,

Jeff Salisbury

- -

------------------------------

Date: Sat, 02 May 1998 13:42:58 -0400
From: Stephan Iscoe <[e-mail]>
Subject: Re: Good Book on Financial Statement Analysis

HuiSion Teh asked:
> any good books out there that can help in understanding and
> applying fsa (Financial Statement Analysis) skills?

>> My favorite quick reference is Balance Sheet Basics, by NYU
Prof
>> Ronald C. Spurga...
Several Persfiners alerted me that Prof Spurga's books are
currently out of print.
My only other recommendation would be John Tracy's How To Read A
Financial Report,(Wiley).
I know this has been updated and is currently in print.
Best of Success to You,
Stephan Iscoe
Ann Arbor,MI
- -----------------------------------------------------
          Visit http://www.LinktoSuccess.com
    "Winners visualize the rewards of success."



- -

------------------------------

Date: Sat, 2 May 1998 16:45:03 -0400
From: "Cal Lester" <[e-mail]>
Subject: Re: persfin-digest V5 #8

- -----Original Message-----
From: persfin-digest <[e-mail]>
To: [e-mail] <[e-mail]>
Date: Saturday, May 02, 1998 10:42 AM
Subject: persfin-digest V5 #8


>persfin-digest          Saturday, May 2 1998          Volume 05 : Number
008
>
>
>

>Date: Fri, 01 May 1998 17:32:20 -0400
>From: Joel Elias <[e-mail]>
>Subject: Charitable Annuities?
>
>I have read that it is possible to set up charitable annuities so that one
>receives payments for life, of which some part may be non-taxable, and some
>or all of the amount paid in to the annuity is deductible from current
>taxes. I was also told that one could fund such annuities with appreciated
>assets and avoid capital gains taxes. This sounds like it could be a useful
>retirement and estate planning tool for someone with no heirs and
>reasonable current income. I would like to learn more about using such
>annuities as a financial and estate planning tool.
>

>>>>        Joel, what you are referring to is called a "Charitable
Remainder Trust". This is an IREVOCABLE trust that you set up during your
lifetime. Generaly you transfer appreciated assets to the trust, receiving
some potential tax advantage for the donation. The Chartitable Trust then
gives you a "taxable" income for the balance of your life, in some fashion
based on the earnings of the trust. At your death, the asserts of the trust
are then transferred to the Charity for what ever purpose they choose.
                Please keep in mind that I an NOT an Attorney or a CPA. This
is basic information for your enlightenment. You should contact your own
legal counsel for legal advice. You should also contact National &
recognized local charities for thier specific information.
Cal Lester CLU
Insurance Course Coordinator
Broward Community College






- -

------------------------------

Date: Sun, 3 May 1998 00:17:26 -0400
From: Rich Carreiro <[e-mail]>
Subject: MA Roth IRA update

I received the following email from my state rep:

Mr. Carreiro,

    I am sorry you did not hear back from us, but I do not recall
receiving your message.  My apologies.
    The House of Representatives unanimously voted for a tax cut package
which included  the Roth IRA language, and a separate Roth IRA bill on
March 11, probably about the tiime of your call.  Both bills are awaiting
Senate action.
    I have some concerns about the cost to the Commonwealth (in lost
revenue) of the Roth IRA, as I do whenever we vote for a tax cut that has
no revenue impact statement attached, but I support the bill.
    Some controversy has arisen about making any tax cuts retroactive, so
that issue is still in play.
    Please call me if you have any other questions.
Sincerely,
Jim Marzilli
[e-mail]

Rich Carreiro
[e-mail]
P5-100/RedHat Linux 4.1

- -

------------------------------

Date: Sun, 3 May 1998 17:08:08 -0700
From: "Jill Schmidt" <[e-mail]>
Subject: Re: persfin-digest V5 #8

Please take us off your list, no more e-mail!

- ----------
> From: persfin-digest <[e-mail]>
> To: [e-mail]
> Subject: persfin-digest V5 #8
> Date: Saturday, May 02, 1998 6:40 AM
>
> persfin-digest          Saturday, May 2 1998          Volume 05 : Number
008
>
>
>
> In this issue:
>
>        Re: persfin-digest V5 #7
>        US Savings Bonds
>        Welcome & Thanks.... / V5 #7???
>        Re: Welcome & Thanks.... / V5 #7???
>        re Massacuhusetts IRA
>        Trading Hours
>        Stocks- stop-loss and buying system
>        IRA Conversion
>        [PERSFIN] test6
>        [PERSFIN] test3
>        [PERSFIN] test4
>        [PERSFIN] test5
>        [PERSFIN] test101
>        [PERSFIN] test100
>        test23
>        test21
>        test22
>        test20
>        Charitable Annuities?
>
> The messages posted to the Persfin-Digest are opinions and are not
> intended to substitute for qualified professional advice.  Subscribers
> should seek the services of qualifed professionals for such advice.  The
> publisher, Internet provider, and Digest contributors cannot be held
> responsible for any loss incurred as a result of the application of any
> of the information provided here.
>
> Copyright (c) 1998, Jeff Salisbury
>
> POSTED SUBSCRIPTION FEE:  $20/year.  Payment is optional.  You will not
> be billed.  The Digest is available to all subscribers, whether or not
> they pay.  I do not discriminate either in favor of paying subscribers
> or against nonpaying subscribers.  If you feel that the information
> presented here is worth the fee, and you feel comfortable paying it,
> send cash, check, or money order (U.S. funds), payable to "Jeff
Salisbury",
> to:
>
>     Jeff Salisbury
>     65 North 1300 East
>     Logan, Utah  84321
>
> Payment will be acknowledged by e-mail if you include an e-mail address.
> Subscribe: e-mail [e-mail], text: subscribe persfin-digest
> Unsubscribe: e-mail [e-mail], text: unsubscribe
persfin-digest
>
> ----------------------------------------------------------------------
>
> Date: Tue, 28 Apr 1998 13:37:52 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: Re: persfin-digest V5 #7
>
> On Apr 28, 11:43am, Sami wrote:
> > Subject: Re: persfin-digest V5 #7
> >
> > I hope you don't distribute the email list of subscribers to anyone
> > else .. Am I correct?
> >
> >-- End of excerpt from Sami
>
> Sami,
>
> You are VERY correct.  I personally receive up to a dozen spams every day
and
> I'll do everything in my power to protect the subscribers of persfin from
> ending up on some spammer's distribution list.  This is my policy and
practice:
>
> 1. I will NEVER, EVER give or sell email addresses from the persfin list
(or
> any other list I run).
>
> 2. All the lists I run are configured to prevent anyone using the
majordomo
> command "who" to obtain a list of subscribers.  If you try to get the
list of
> subscribers, the result will be:
>
>     >>>> who persfin-digest
>     **** Command disabled.
>
> If you have any other concerns, feel free to contact me.
>
> Regards,
>
> Jeff
>
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 14:20:31 -0500
> From: David Martin <[e-mail]>
> Subject: US Savings Bonds
>
>     Someone once mentioned a web site that could give the current
> value of any US Savings Bond. Of course, I forgot to save the URL. Can
> anyone repeat it for me? Thanks.
>
>                             -David Martin
>
>
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 12:39:05 -0700
> From: Christy Rohrig <[e-mail]>
> Subject: Welcome & Thanks.... / V5 #7???
>
> Welcome Jeff!
>     We'll miss Ira.  Anyway, I wanted to share my appreciation in your
> taking over editorial responsibilities.
>     Just wondering, were there V5 #1-6 or were they just test mailings?
>
> Thanks,
> - -Christy
>
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 13:55:08 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: Re: Welcome & Thanks.... / V5 #7???
>
> On Apr 28, 12:39pm, Christy Rohrig wrote:
> > Subject: Welcome & Thanks.... / V5 #7???
> > Welcome Jeff!
> >     We'll miss Ira.  Anyway, I wanted to share my appreciation in your
> > taking over editorial responsibilities.
> >     Just wondering, were there V5 #1-6 or were they just test mailings?
> >
> > Thanks,
> > -Christy
> >-- End of excerpt from Christy Rohrig
>
> Christy,
>
> Ira is still subscribed to persfin-digest and will participate at his
leisure.
>  I will continue to rely on Ira from time to time.
>
> Also, you are correct regarding V5 #1-6 -- they were just test mailings.
>
> On a related topic, Ira and I are working on "transplanting" the past
issues to
> be archived at Xmission.  There will be more details in the future on how
you
> can browse and search these archives...
>
> Jeff
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 17:06:30 -0400
> From: "Dill, Mary" <[e-mail]>
> Subject: re Massacuhusetts IRA
>
> > >
> > >(Editor's Comment - Massachusetts currently doesn't recognize
> > dividing the
> > >transfer of income from a regular IRA to a Roth IRA over 4 years in
> > 1998.
> > >In other words, the entire rollover is considered taxable income in
> > 1998.
> > >This has other sinister effects, such as raising the AGI limit for
> > >miscellaneous deductions because the rollover amount is included as
> > >income.  There are other AGI phaseouts of deductions - you have to
> > run the
> > >nmbers, or have your accountant do it. -IK)
> >
> > Isn't your MA basis higher than your federal basis?   a Mass taxpayer
> > always paid into an IRA with after tax dollars (received no income
> > reduction for an IRA donation even when a federal reduction was
> > considered pre-tax).
> >
> >
> >
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 16:57:10 -0500
> From: [e-mail]
> Subject: Trading Hours
>
> I've been reading in the WSJ about stocks that close at a certain
> price in "regular Big Board trading," but closed at a different price
> in "New York Composite Trading."  Anyone know what the differece is?
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 19:15:25 -0400
> From: eric <[e-mail]>
> Subject: Stocks- stop-loss and buying system
>
> This is my stock system: Trailing stop-loss orders as follows:if stock
is=
>
> under $30, stop-loss at 80%, If between $30-$80, S/L at 15%, if over
$80,=
>
> S/L at 12%. Obviously this approach doesn't prevent a "whipsaw", but I'm
> willing to risk that.(There is no perfect world of investing.)
>
> Conversely,  if stock goes up 20%, 15%, 12% respectively, I buy 60% more
> shares, each time it rises that percentage. Of course I raise the
> stop-loss immediately.
>
> Comments (or other approaches) would be appreciated.
>
> Eric   =
>
>
>
> - -
>
> ------------------------------
>
> Date: Wed, 29 Apr 1998 18:08:50 -0400 (EDT)
> From: Ira Krakow <[e-mail]>
> Subject: IRA Conversion
>
> >X-Originating-IP: [206.30.222.151]
> >From: "mike morehouse" <[e-mail]>
> >To: [e-mail]
> >Subject: IRA Conversion
> >Date: Wed, 29 Apr 1998 05:33:17 PDT
> >
> >On 4/15/98 I opened a Traditional IRA for tax year 1997 for my 19 year
> >old son using a $2,000.00 lump sum contribution. We did a traditional
> >deductible to reduce his taxes. Am I correct in understanding that I
> >could now convert this IRA to a Roth and be able to spread the taxes
> >over 4 years. Would this not make sense to do and is there something
> >here I am missing or this this just a smart thing to do that Uncle Sam
> >lets us do this year only?
> >
> >______________________________________________________
> >Get Your Private, Free Email at http://www.hotmail.com
> >
> >
> NEW EMAIL ADDRESS:  [e-mail]
>
> Your personal finance questions answered at:
> Web:  http://pfinance.miningco.com
> Email:  [e-mail]
> Bulletin Board:  http://pfinance.miningco.com/mpboards.htm
> Chat Room:  http://pfinance.miningco.com/mpchat.htm
>
>
> - -
>
> ------------------------------
>
> Date: Sat, 25 Apr 1998 15:59:15 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: [PERSFIN] test6
>
> test6
>
>
> - -
>
> ------------------------------
>
> Date: Sat, 25 Apr 1998 15:51:19 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: [PERSFIN] test3
>
> test3
>
>
> - -
>
> ------------------------------
>
> Date: Sat, 25 Apr 1998 15:51:40 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: [PERSFIN] test4
>
> test4
>
>
> - -
>
> ------------------------------
>
> Date: Sat, 25 Apr 1998 15:58:39 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: [PERSFIN] test5
>
> test5
>
>
> - -
>
> ------------------------------
>
> Date: Sat, 25 Apr 1998 18:03:00 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: [PERSFIN] test101
>
> test101
>
>
> - -
>
> ------------------------------
>
> Date: Sat, 25 Apr 1998 18:02:40 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: [PERSFIN] test100
>
> test100
>
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 08:19:28 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: test23
>
> test23
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 08:19:05 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: test21
>
> test21
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 08:19:16 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: test22
>
> test22
>
> - -
>
> ------------------------------
>
> Date: Tue, 28 Apr 1998 08:18:53 -0600
> From: [e-mail] (Jeff Salisbury)
> Subject: test20
>
> test20
>
> - -
>
> ------------------------------
>
> Date: Fri, 01 May 1998 17:32:20 -0400
> From: Joel Elias <[e-mail]>
> Subject: Charitable Annuities?
>
> I have read that it is possible to set up charitable annuities so that
one
> receives payments for life, of which some part may be non-taxable, and
some
> or all of the amount paid in to the annuity is deductible from current
> taxes. I was also told that one could fund such annuities with
appreciated
> assets and avoid capital gains taxes. This sounds like it could be a
useful
> retirement and estate planning tool for someone with no heirs and
> reasonable current income. I would like to learn more about using such
> annuities as a financial and estate planning tool.
>
> Can other persfiners point me to reliable information on this topic?
> What major (i. e. expected to be around for a while) charities have such
> programs?
> Any cautions for one getting involved in charitable annuities?
>
> Thanks in advance.
> - ----------
> Joel H. Elias
> mailto:[e-mail]
>
>
> - -
>
> ------------------------------
>
> End of persfin-digest V5 #8
> ***************************
>
> -
> To unsubscribe to persfin-digest, send an email to
"[e-mail]"
> with "unsubscribe persfin-digest" in the body of the message.
> For information on digests or retrieving files and old messages send
> "help" to the same address.  Do not use quotes in your message.

- -

------------------------------

Date: Mon, 4 May 1998 09:33:52 -0400
From: [e-mail]
Subject: U.S. Bonds

     David Martin asked where to get uptodate prices on
     US Bonds. I believe the best source may be the Treasury
     site: http://www.publicdebt.treas.gov/sec/sectrdir.htm
     Marjorie Abrams

- -

------------------------------

Date: Sun, 03 May 1998 16:13:03 -0400
From: rj <[e-mail]>
Subject: Re: US Savings Bonds

>Date: Tue, 28 Apr 1998 14:20:31 -0500
>From: David Martin <[e-mail]>
>Subject: US Savings Bonds
>
>    Someone once mentioned a web site that could give the current
>value of any US Savings Bond. Of course, I forgot to save the URL. Can
>anyone repeat it for me? Thanks.
>
>                            -David Martin

If you go to http://www.publicdebt.treas.gov/sav/savwizar.htm , you can=
 download a PC
application that will allow you to price your savings bonds monthly.  The=
 only
requirement is that you download an update semi annually.

The main site for savings bonds is http://www.publicdebt.treas.gov/sav/

- --Raphael Johnson

Raphael
[e-mail]
http://www.geocities.com/colosseum/stadium/1666

I can only please one person a day; today's not your day.
Right now, tomorrow's not looking very good either.
- --Dilbert


- -

------------------------------

Date: Mon, 04 May 1998 14:28:02 -0500
From: "Carol B. Tan" <[e-mail]>
Subject: Online Trading

I hope this is the right address to post this:

I am checking to see if anybody has had experience (good or bad) with
online trading companies such as E-Trade, Datek, Lombard, etc. Is this as
reliable as going through a live broker if I already know which stocks I
want to purchase?  Why is there a difference in the fees (ranging from
$9.95 to $19.95) aside from the variance based on the number of shares
purchased?  Thanks!

Carol.




- -

------------------------------

End of persfin-digest V5 #9
***************************

-
To unsubscribe to persfin-digest, send an email to "[e-mail]"
with "unsubscribe persfin-digest" in the body of the message.
For information on digests or retrieving files and old messages send
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