Diary

12:15 Jalisco's. Read over "Admin Equity" 10/13 again. Call Schwab. Close at 63 3/4, so I sold.

1:45 Write about Admin Equity moving to Shurgard & trip to SD #2

3:45 Read Oct 25-Dec 5 in diary, to get full scope.

6:00 Go to Baker tomorrow? Tonite...Snow tires required, says Pass Rpt. It's the only ski area I want to do. Except maybe White Pass. Ask Kuharic? 5 days of sun on snow => ice? Skis need sharpening...

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6:45 Study Oct 25 & 26th. Not so bad after I rebuild the ideas, but it took digging. Dinner...Enter into memo just the essence.

11:15 Backup. To bed. One Amit, I think.

Fri Feb 10 '89

7:00 -----. I call Tracy. Confirmed @ 63 1/2.

8:30 Review last night's writing

9:00 Continue writing with Thurs Oct 27. Up through Nov 6th, Sunday Mr Walker

12:30 Starting printing autumn, for backup.

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12:45 Lunch at Ritz. Start Gulf & Western

1:30 Read printout & make corrections. Backup. Print again. MSFT down 2 today. Maybe just do $3K each Wellington & WL Morgans so I get periodic mail. Not hold in Schwab one.

3:00 To SMB M. Pk. Legs. Good. Too guys ask me workout advice.

5:00 Go home. Read Nov 7-Nov 23 (day before Thxgvg). Shower. Having Schwab link to Wellington is not so bad since I don't care if I don't know the dividend till second month of 1/4, because net worth statement is not done till then anyway, as it's not that important. Realize that I studied stocks in November to help assess what funds to buy, and when to exch MSFT for one.

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Dinner. SNL. Schuller discussing European broadcasts and Eagles Club.

8:15 Possibly a good break point. Consider going away this weekend.

8:30 WSW - today was bad day on Wall St. Dow -40, biggest drop in 3 months. Producer Prices up 1%. Fri Aft: Prime up to 11%

And elves are -5, sell. (at -5 or worse). First sell since Buy on May 4 '84. Last said "sell" on Jun 17 '83. And I got out of some MSFT at last moment!

9:15 Look at MacBanker, MacWrite with WORD. Fairly tough to convert! And to erase some files on system DISK! Well, it's not Pers Acct! Print documentation. Think about where to go tomorrow. I don't want to do Sat night in Seattle, at home. Portland vs. Vancouver. 3 trips there since Aug trip to Vancouver. Kids may feel uncomfortable seeing me too much. How much did I see my Aunt's & Uncles? I've got quite a bit of 1/30 financial mail I could take to read. Pull it together. Restore original files to Word disk. Check that they still work. Put MacBanker on Memos disk.

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Reserve Meridien for 2 nights.

11:5 The stuff I'm taking to Vancouver to read is a lot of miscellany that I can get through quite fast, and then return it to Seattle. I wouldn't want to take it to LA & keep it there with me a whole week...

11:30 To bed. One Amit. Excited, hard to fall asleep.

Sat Feb 11 '89

7:30 -----

Call Mom & Dad ~ Val card, Van BC, Bill & Medina, etc.

9:00 Read over the tutorial in VSP II

9:30 Do Asset Allocation Portfolio Report using new Value Screen II. Seems slow! Try deleting User-Defined variables that were predefined. Still slow. Turns out to be slow only on Cur Yld % & P/E. Other variables run as fast as before. Finish my analysis. I notice VS II program date changed. And it saved my mods to user-def'd variables in the app! So I replaced it from Master. Look at README that came with Feb '89 Data.

11:00 Realize that I got System Folder with VS Plus and none with VS II, so add comment to file info.

11:30 Put numbers into Excel & print sheet & charts. Not much change from lst month, in SHAPE. Add to Routine: 3 hours monthly for this. Lunch & VH-1 while printing.

1:00 Do VS II semi/comp/soft report, entering refined criterion & report specs.

2:00 Make notes on why changed.

2:15 Backup "Equity" & "Other" folders. Up to date, except

Pack. Take all sorts of stuff to read

3:30 Leave. Car wash packed, so skip it. Drive north. Think about HBS - timing of what I finished & didn't. I did everything I had aptitude for. Think about my writing in broad terms. I am relearning & clarifying a lot. I'm tying ideas together. More concepts & patterns surface when you see the forest, not just the trees. Why I didn't go to LA today: too much too take. If I had clothest personal needs there, I'd feel ok lugging tons of work & reading w/me. BUT STILL WHAT WOULD I BE WILLING TO LEAVE BEHIND? WHAT CAN COLLECT THERE? Not much really that's irreplaceable, or take time to build up. Except stuff I don't do in Seattle like CD's, books, etc. In Vancouver, get Ty & Code, Doll & Pennies dinner. Start reading: do library stuff (resources). Check into Meridien. Nice...Unpack. Notice in my traeveling finance folder a note that says to "review blue book & write w/Word, with references to blue book notes." !!! I was thinking & planning this work long ago.

En route, consider Mt Baker instead. Probably icy. Skis need sharpening. Open thru April. Snow tires required.

9:00 Finish looking over library stuff. Cross out books on Economics on that index card since I rely on Value Line to interp for me. Shave & shower. 3 Ty & Code. Read ~ Celebration 90.

10:15 Drive to Davie & Burrard. Buddy's is closed. Go to Celebritys. Still uninspiring. Numbers. Look at Angles. Nothing new.

11:15 Go to Odyssey. See Russell from Bellingham. Nice to talk with. Thinks trip will be icy. Said Tahoe was so windy a few weeks ago. Said hand stamp gets you back in Celebrity fast. Drive to Shaggy Horse. Saggy men. See Tom Allen. OK to talk with.

12:30 Back to Celebritys. Better, some music is ok, but they play some "Carousel" music like Neighbor. Nobody even close teo exciting. Smokers. Lighting is too bring for that crowd. Start to think again, like I did last year, how Vancouver hasn't been much fun since 82-83 with Brad & drugs. Think through all my visits 84-88. Back to Meridien.

1:30 To bed. No Amit. Start doing alternate days. Wierd dreams? [arrow up]? Codeine? Loud fan?

Sun Feb 12 '89

7:30 Start to finish Value Screen documentation, so I know its full capabilities, esp how to do ticker list to analyze mutual funds. No desire to use portfolio manager or DJ news/retrieval. Mut fund can fine tune. Go through variables with fine tooth comb.

10:45 -----

11:45 Lunch on Robson at Hong Kong. Start Value Line Annual Report '88.

12:45 Back to room. Keep studying VL Rpt. Figure out where all the in $ invest came from. Just from Retained Earnings.

2:30 To Olympic gym. $10 CDN. Carpet's worn. Pretty ratty. Men's area & womens area. Aerobics music comes thru loud & clear. Some hunks, but cruisy ones not hot. Lots of mismatched equipment, some unusable. Leave, make U-turn & get ticket. $35! Meanwhile hungry. But where to go. Drive back. Drop car. Starbucks has no bread rolls, so cross street. SLOW SERVICE! Back to Starbucks. Quite busy. Buy coffee. Get rolls & fruit at grocery.

5:30 At Meridien.-----

5:45 Finish looking at VL Annual Report, to understand results from investments. So this afternon I've gotten to know VL, and there's nothing to be concerned aobut it. But I've made note to check on CONV & PREF issues in general in ATIM & see if funds own 'em.

6:45 Out to Cafe Monte Cristo. Pasta w/too much cream. Start chap 17 Bonfire

8:00 At hotel, Murder She Wrote.

9:00 Read past week's Barron's, just to see if 4 LAST guy at Roundtable (Part III) do anything but pick stocks. Some interesting parts, but nothing to take action on.

10:30 Look at Schwab Option Trading Rules. No way I can do it...risk of unexpected disability. Note to check on account's ability to trade options, and delete that capability.

11:00 Walk to Celebrities, just to get out. Such small, expensive drinks & stop at Midnight! Crowd was still yukky. Nothing exciting

12:15 To bed. One Amit.

Mon Feb 13 '89

7:30 ----

8:30 Start to read "Inv Inc & Exp" pub 550 Learned:

Donees get donors basis for gifts, except when inheriting

Tax-exempt bonds bought at market discount issued before July 19, 1984, have taxable gain, but if bought at premium, regardless of issue date, premium must be amortized, so

if notes fall, you get only that much exempt

if notes rose

on pre July '84 bond, you get slightly less (due to taxed gain) than [?] rate

on post July '84 bonds, you get current rate.

OIDS & stripped munis also limit tax free rate to coupon. But still lots of inconsistency. Made note to check on my bonds for date of issue

12:30 Wishing I had kitchen to make lunch while I continue to work so I don't have to go out...Finish thru Basis of Inv, p 28.

1:15 Lunch at Bananas. Continue Pub 550.

Finish Pub 550.

Make chart to show myself differences.

Conclude that for discount munis held to maturity, the cap gain is taxable.

But I learned many other things.

Have to do market discousnt on T bonds when I sell em, so hold on for now.

Not only would donee get my basis, but would have to know when I bought MSFT too.

Another reason to have low profile is to keep borrowers away so I don't have hassle of administering collections & paying tax on 'em.

5:15 Think through how to reconcile taxation of muni bonds & zero. Write up my conclusions and a test to do later on Mac.

6:00 Look over Pub 551 Basis of Assets. Mainly real property & business assets. Nothing much over 550 for me.

6:30 Next, look over Pub 544, but it's also more focused on business, not investment.

7:00 ----

Dinner at Settebelle. Good spaghetti. WSJ.

8:30 HFD. -----

9:00 Merrill Lynch rpt on inverted yield curve

9:45 Think how unlikely it'd be for rates to go to 7%, since people would fear loss of capital value of bonds with rates possibly going back up to 9% again. Think how this looks on HD, LD, ND.