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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (47378)	2/16/1999 1:50:00 PM
From: Zach E.	Read Replies (1) \| Respond to of 132070

my bullish cap app positions and my income portfolio generate no interest. I hope that's not true, especially for your income portfolio <g>. I have a couple of questions, actually: I know that you like SLB, I bought some a while ago and although I think that when oil turns up, SLB should be higher, because they should have more business, and they will have more pricing power. However, I honestly don't have a good idea as to the oil price point at which SLB goes from "solid co in a tough environment" to "licensed to print money." Any idea of when to sell SLB either in terms of oil or share price? Also, a friend and myself were wondering how the savings rate is calculated. I went to the commerce dept's website and found a definition like, "income minus expenses," but that isn't very helpful. What we are wondering is, whether 401K's, IRAs, etc, are considered "savings" by the above definition, since some of these are tax-deferred. As an example, would the person below have a "savings rate" of 20%? 100K after-tax income-can't remember if taxes should be accounted for 80K mortgage, car, nanny, etc, payments 10K 401K contribution 8K brokerage account 2K IRA contribution Thanks Zach