1998
Thursday, November 26, 1998 - Thanksgiving Day
Friday, November 27, 1998 (1:00 PM Close)
Thursday, December 24, 1998 (1:00 PM Close)
Friday, December 25, 1998 - Christmas Day
1999
Friday, January 1, 1999 - New Year's Day
Monday, January 18, 1999 - Martin Luther King, Jr. Day
Monday, February 15, 1999 - Washington's Birthday
Friday, April 2, 1999 - Good Friday
Monday, May 31, 1999 - Memorial Day
Monday, July 5, 1999 - Independence Day(observed)
Monday, September 6, 1999 - Labor Day
Thursday, November 25, 1999 - Thanksgiving Day
Friday, December 24, 1999 - Christmas Day
Jennifer Lavorel
Aspen Systems Corporation
[EMAIL PROTECTED]
"The reasonable man adapts himself to the world: the unreasonable one
persists in trying to adapt the world to himself. Therefore all progress
depends on the unreasonable man."
--George Bernard Shaw
>From [EMAIL PROTECTED] Fri Nov 20 14:38:01 1998
Received: from [206.24.4.216] (glynnsci2.glynn-scientific.com [206.24.4.216])
by ss5a.better-investing.org (8.8.8/8.8.5) with SMTP id OAA09742
for <[EMAIL PROTECTED]>; Fri, 20 Nov 1998 14:37:41 -0500 (EST)
Message-Id: <[EMAIL PROTECTED]>
X-Sender: [EMAIL PROTECTED]
X-Mailer: QUALCOMM Windows Eudora Pro Version 4.1
Date: Fri, 20 Nov 1998 14:37:28 -0500
To: [EMAIL PROTECTED]
From: "Joseph N. Craig" <[EMAIL PROTECTED]>
Subject: Re: TWX's high P/E 3295.83
In-Reply-To: <[EMAIL PROTECTED]>
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Reply-To: [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
X-Listprocessor-Version: 8.2.06 -- ListProc(tm) by CREN
> But how would I make the members of my club understand this logic when
>TWX has been the only stock we purchased that the price has steadily
>increased. The three other stocks we >purchased, Pepsico, 3-Com, NSM
The important number that I'm missing here is the time scale.
I've owned Pepsi sind April 1994. I have an annualized return of 18% on
that stock, not including the spinoff of YUM.
I've owned Diebold since September and have an annualized rate of return of
722%!!
I consider the long term performance of Pepsi to be much more significant
than the short term performance of Diebold, though I'm not complaining.
I think that your group probably needs to spend some time thinking through
its investing philosophy, how it's going to operate, etc.
----------------------------------------------------------
Joe Craig [EMAIL PROTECTED]
President, NAIC Computer Group http://www.better-investing.org
Voice/FAX: (202)478-0322
>From [EMAIL PROTECTED] Fri Nov 20 14:38:56 1998
Received: from pimout3-int.prodigy.net (pimout3-ext.prodigy.net
[207.115.59.211])
by ss5a.better-investing.org (8.8.8/8.8.5) with ESMTP id OAA09780
for <[EMAIL PROTECTED]>; Fri, 20 Nov 1998 14:38:55 -0500 (EST)
Received: from default (RLGHB102-21.splitrock.net [209.156.18.21])
by pimout3-int.prodigy.net (8.8.5/8.8.5) with SMTP id OAA30984
for <[EMAIL PROTECTED]>; Fri, 20 Nov 1998 14:34:53 -0500
Message-ID: <[EMAIL PROTECTED]>
From: "Dan Hess" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Subject: Re: Bonds
Date: Fri, 20 Nov 1998 14:38:28 -0500
MIME-Version: 1.0
Content-Type: text/plain;
charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 4.72.3110.1
X-Mimeole: Produced By Microsoft MimeOLE V4.72.3110.3
Reply-To: [EMAIL PROTECTED]
Sender: [EMAIL PROTECTED]
X-Listprocessor-Version: 8.2.06 -- ListProc(tm) by CREN
>Does anyone have experience with bond mutual funds? Like 'em? Hate 'em?
>Jennifer Lavorel
I am in the like em category. Bond mutual funds are an excellent way to own
bonds. The problem of bond diversification (risk) is solved by owning bond
funds over owning individual bonds unless you have very large fixed income
assets. You are also getting some level of management for the bonds in the
fund by the fund manager. For some of us evaluating bonds is a little more
difficult than stocks. One major difference between stock funds and
mutual funds is that large bond funds are highly desirable while large
mutual stock funds tend to find future growth more difficult. Thus "big is
beautiful" in bond funds since the funds fixed costs are spread across many
different bond holdings and shareholders. Bond funds come in various
classifications ranging from high quality to junk bonds. Since bonds of
course are fixed income securities a major consideration is the funds fees.
I have found Vanguard to be the low priced fund as far as fees are
concerned.
Dan Hess
