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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (11295)	5/30/2000 10:03:00 AM
From: Bernie Goldberg	Read Replies (3) of 18928

Hi, How about Newport? If you had expenses you could go into the maintenance section and reduce the cash. Then just make a comment in the notepad section. I really don't think this is a good idea because Newport is not intended for that kind of bookkeeping, but it is possible. IMO Money would be the best idea for that. A really neat experience is to tell Money top print out a report to bring to your tax preparer. Then just sit back and watch it run through all your transactions for the year. LT Cap Gains, ST Cap Gains, interest, dividends, partnership income, losses, commissions etc. One minute later you know what your taxes are gonna be. Personally I wouldn't recommend using margin with AIM. It's sort of like options. Everyone uses examples of how much money one makes with options. They ignore the simple fact that 90% of all options expire unexercised. That represents a lot of moola going to the house in fees. It's sort of like zero and double zero on the wheels in Vegas. Nobody pays much attention to them, and that's where the house gets its edge. Regarding safes: If you make them too small you be back in the treading water analogy you used. Expenses will be a larger percentage of the total sale and eat up more of your profits. I used to make a living printing snapshots for people at 25 cents each(not much money I agree). What made it profitable was that they only cost me 5.4 cents each plus my time. If I lowered my price to 15 cents each I would have had more customers, but I would need twice as many just to stay even. With twice as many customers I would have had to hire more help(more expense). This would mean I would have to more than double my customer base for a 40% reduction in price. It really turns into a slippery slope. I may only do 3 or 4 transactions a year with my MRK stock but because of AIM they are all profitable. If I used marginall I would be doing would be giving some of the profits to the house. Just think of the small edge the house has in Vegas. I believe it's less than 5% at most games. That's what builds those magnificent buildings you guys saw a couple of weeks ago. There I go spouting off at the mouth again. Bernie

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