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persfin-digest          Sunday, June 28 1998          Volume 05 : Number 027



In this issue of the Personal Finance Digest:

       Free mutual fund Beta and  Alpha listings on the web
       re: Good Free/Low-cost Mailing List Discussion Group Software/Provider?
       RE: Good Free/Low-cost Mailing List Discussion Group Software/Provider?
       Re: Official date of wedding for tax purposes
       Re: Official date of wedding for tax purposes
       PC Software Advice Needed for Landlord
       Re: Need for Bankruptcy Advice
       Planning move and school

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

Date: Wed, 24 Jun 1998 17:21:18 PDT
From: "Prabhat Mishra" <[e-mail]>
Subject: Free mutual fund Beta and  Alpha listings on the web

Fellow Persfiners,

Does anyone know of a free website where one could lookup various
attributes of mutual funds like their Beta, Alpha etc? I know of a lot
of places where they have the performance information but not these.

Thanks.
Prabhat

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com



- -

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Date: Wed, 24 Jun 1998 21:11:55 -0400
From: "David W. Vaughan" <[e-mail]>
Subject: re: Good Free/Low-cost Mailing List Discussion Group Software/Provider?

Thanks Stephan for your reponse!

>David, check out http://www.listbot.com
>We use their free service for both moderated discussion and newsletters.
>The free service has a 10K size limit and carries a small Listbot promo ad.
>The Gold service has no restictions or ad and costs US$75. yr
>This is a very professional service and offers you a lot of flexibility in
>managing your list(s).  I'll email you a sample Listbot sign-up notice.
I'm aware of this service and it does look very professional. However, I
want to avoid (3rd party) adverts if possible - and I'm also envisaging a
_busy_ _two-way/discussion_ list (not a one-way "push"/announcement list
which seems to be the mkt listbot is targeting) -- but when I checked the
Gold service I was surprised to see that - unlike the free service - this is
a message traffic limit of 1000 messages per month after which surcharges
apply!!!

So I don't think this service will meet my needs, cost effectively! Anyone
know of any other good, free/low cost discussion group mailing list
services?

Thks/dwv




- -

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

Date: Wed, 24 Jun 1998 21:47:43 -0400
From: "Nelson E. Timken, Esq." <[e-mail]>
Subject: RE: Good Free/Low-cost Mailing List Discussion Group Software/Provider?

The one I use is www.onelist.com check out the links below!

Nelson E. Timken
http://www.geocities.com/wallstreet/5791/
http://onelist.com/subscribe.cgi/investing-list
http://www.onelist.com/subscribe.cgi/investing-club


- -----Original Message-----
From: [e-mail]
[mailto:[e-mail]]On Behalf Of David W. Vaughan
Sent: Wednesday, June 24, 1998 9:12 PM
To: [e-mail]
Subject: re: Good Free/Low-cost Mailing List Discussion Group
Software/Provider?


Thanks Stephan for your reponse!

>David, check out http://www.listbot.com
>We use their free service for both moderated discussion and newsletters.
>The free service has a 10K size limit and carries a small Listbot promo ad.
>The Gold service has no restictions or ad and costs US$75. yr
>This is a very professional service and offers you a lot of flexibility in
>managing your list(s).  I'll email you a sample Listbot sign-up notice.
I'm aware of this service and it does look very professional. However, I
want to avoid (3rd party) adverts if possible - and I'm also envisaging a
_busy_ _two-way/discussion_ list (not a one-way "push"/announcement list
which seems to be the mkt listbot is targeting) -- but when I checked the
Gold service I was surprised to see that - unlike the free service - this is
a message traffic limit of 1000 messages per month after which surcharges
apply!!!

So I don't think this service will meet my needs, cost effectively! Anyone
know of any other good, free/low cost discussion group mailing list
services?

Thks/dwv





- -

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

Date: Wed, 24 Jun 1998 19:37:33 -0700
From: Allan Spring <[e-mail]>
Subject: Re: Official date of wedding for tax purposes

> "James C. Parinella" <[e-mail]> wrote:
> Subject: Official date of wedding for tax purposes
>
> A friend of mine is getting married next January 2, and makes about
> twice as much as his fiancee, and is therefore concerned about the
> marriage penalty for income taxes.  He is worried that since Jan 2
> is a Saturday and Jan 1 is a holiday, that the marriage license
> must be signed before the wedding on Dec 31, and therefore they
> would be "legally" married in tax year 1998.  What is the official
> legal date of a marriage in Massachusetts?  How will this affect
> their income taxes?
>
> Jim Parinella

Jim,I think your friend may want to consider getting married a few days
EARLIER.  With a big difference in the income of spouses there is often
times a little spoken of negative marriage penalty.  I suggest running
the numbers of the two incomes through an income tax program as married
and again as single to see if this is the case.  You never know until
you crunch the numbers.
Does anyone else out there in persfin-land think he should consider
eloping secretly a few days early?  Romantic and possibly economical.
Allan Spring
[e-mail]




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

Date: Wed, 24 Jun 1998 23:11:39 -0400
From: Rich Carreiro <[e-mail]>
Subject: Re: Official date of wedding for tax purposes

[Disclaimer: this is my opinion, not advice.  I am not a professional.]

>A friend of mine is getting married next January 2, and makes about
>twice as much as his fiancee, and is therefore concerned about the
>marriage penalty for income taxes.  He is worried that since Jan 2

Given that he makes twice as much as his fiancee, they'll in all
likelihood have a marriage *benefit*.  Married people with very
unequal incomes pay less tax than they did as singles.  Married
people with similar incomes pay more tax than they did as singles.

>is a Saturday and Jan 1 is a holiday, that the marriage license
>must be signed before the wedding on Dec 31, and therefore they

I'm pretty sure that signing for the license is not the marriage.
The person performing the ceremony, civil or religious, also,
I believe, must sign the license, in effect transforming it into
a marriage certificate, and so the official date of the marriage
is the date of the ceremony.

Of course, given the facts you said, they would, as stated above,
probably save money if they did in fact get married 12/31/98 instead
of 1/2/99.

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



- -

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

Date: 25 Jun 98 07:54:53 EDT
From: [e-mail] (Jacqueline D. Richardson)
Subject: PC Software Advice Needed for Landlord

I currently have 7 apartment units and will close on a building with 4 more in
a few weeks.  So far I have been keeping my records manually with the old 13
column green paper. I would like automate my records with a PC.   Does anyone
have any
suggestions for a software that works well for landlords?

Thanks
jackie
[e-mail]



- -

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

Date: Fri, 26 Jun 1998 02:13:31 EDT
From: <[e-mail]>
Subject: Re: Need for Bankruptcy Advice

One way to get really good basics about Bankruptcy issues, and about 100 other
fields of law, is to look at http://FreeAdvice.com. It has all sorts of
information in easy-to-understand question and answer format. For example, its
Estate Planning stuff earned it a rating by Bloomberg as one of the top tax
sites.

  It also links to http://AttorneyPages.com. It lists good lawyers in a number
of states and practice areas -- and many of them give a (real) prospective
client a free initial consultation.



- -

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

Date: Sat, 27 Jun 1998 23:36:37 EDT
From: <[e-mail]>
Subject: Planning move and school

Persfin-  I have a broad planning question for the group.

My situation:  I am currently a Mass resident but am planning on attending a
GA state school next June.  Since I'm in the military, I have the option of
immediately changing my tax address based on an 'intention' to move when I
leave the Army next year.  I currently have somewhere around $50K in
securities- some big gainers (Walmart and Idexx Labs) and a few 'speculative'
stocks that have mixed results.  Walmart and Idexx are both up over 100% since
I bought them, but I had been planning on long term holds.  I also have approx
$10 in back-load Merrill Lynch funds that have done well but I'll owe some
load fees upon withdrawl (mistake getting into these) and own about $5K each
in PBHG growth and 20th Cent Ultra.    I also have a traditional IRA that I
haven't contributed to for 98- planning to convert and begin a Roth (hoping
for the Mass tax bill, first). I also have approx $10K in a money market.

I plan to leave my $55K/year job next year for a one-year MBA program.  I will
be paying approx $10K for school  (Maybe on a cash-back credit card?) and
living off of my savings for the year.   (If I can become a GA resident in
time, school will only be aprox. $6K).  After a year I expect to be making
enough to live off of again (at least $55).

My question begins with what is the best method to decide what to sell or
where to get cash for living next year? If that question is too broad, what's
the best start point?   My current thoughts are to sell the smaller holdings-
some at losses.  This will help offset my gains for this year and give me cash
to get through most of the year.  Other people say sell Walmart since they're
at a p/e of over 30 and I've doubled my money in three years.  Finally, any
gains I take in 98 will be on top of my income.  Gains (or losses) I can wait
and take in 99 will be against a small income, since my income will end around
February.

My options:

- - Keep my securities as-is, hoping for the traditional 10% gain and live off
of money market cash and maybe some 5% introductory credit cards.

- - Sell the smaller stocks (some at small loss) but keep the 'bluer' chips.

- -  Sell the bigger gaining blue chips and hold on to the speculation.

- -  Sell some of the Funds?  (I'll probably sell Merrill because I don't like
thier fee structure)

- -  Question:  What is GA income tax like?  I'll either be in Athens or
Norcross.  Will I also get tapped for automotive excise taxes, etc?

Finally, how are the big fund families about detailing your cost basis when
you sell?  Between dollar cost averaging and reinvested dividends, my 6 years
of investing will be darn hard to tally come April.   Will Merrill or American
Century help break them down?

- - I know this is unweildy but thanks for your thoughts.  Let me know if you
need more specific info.

Scott



- -

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

End of persfin-digest V5 #27
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