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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Larry Grzemkowski who wrote (9425)12/1/1999 11:43:00 AM
From: Bernie Goldberg  Read Replies (1) of 18928
 
i think what you are trying to do with a basket of stocks is set up a mini-mutual fund fund. if that is the case, assuming a $2,500 investment in each of seven stocks, you would have (7*2500) or $17500 invested in stock. mr. lichello recommends that you have equal dollars invested in each stock. You would then make up a number of shares. whatever is comfortable for you. let's say 500. you divide $17500 by 500 to get the NAV of each share. this would give you a price of $35 per share.
Start a sheet in excel or whatever SS you use. it will be easy to set the above up. when you update you prices, weekly or whatever just put the new prices in for each stock. take the total and divide by the # of remaining shares. newport will eventually tell you buy or sell some shares. let's say you NAV gets up to $43 and Newport says to sell 25 shares at $43. what i would do is to take the one stock that has appreciated the most and sell $1075 worth of it. it may have gone from 6 to 25 for example. and you would then sell 43 shares at $25 to come up with atotal of $1075. You then tell newport that you sold 25 shares at $43 what has to be right is the total. hope this helps. i am doing this for a friend of mine with two stocks and would happy to send you a SS for excel. it is very small and simple.
bernie
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