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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: $$hungry who wrote (5274)8/5/1998 6:25:00 PM
From: Bernie Goldberg   of 18928
 
Hi,
As they say back East Fuggedaboudit. Tom's answer is mostly right. I don't know what you have, how much you of it you own, and which discount broker you're using.
It will probably take about 2 weeks for the transfer to occur between the two brokers. Mr. Lichello recommends doing your AIM calculations once a month, twice a month at most.
Assuming the prices on your stocks continue down, the result will be that you will buy more shares at lower prices. As far as AIM is concerned that's good.
Assuming that the prices level off, you will make the same purchases as you would today. As far as AIM is concerned that's good.
Assuming the prices on the stocks you own go up, that's good also. You see AIM really doesn't care about any of these small technicalities. It knows that stocks will always be doing one of the above.
What you have to do is make sure that when you buy you are buying at least 5% of your stock value (or $500, which ever is greater)on each transaction whichever is greater. Using a discount broker and commissions of $12 or less that will keep your expenses below 2%.
When you've done this as long as Tom has you can start worrying about 100 share lots because you will have a large inventory buildup in shares from stock price downturns. Hope this helps. (:-D Bernie
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