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

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To: doniam who wrote (12691)9/4/2000 6:12:16 PM
From: Bernie Goldberg  Read Replies (1) of 18929
 
Hi Don,
$500 is the MINIMUM not the only trade size. As a matter of fact Mr. L recommends a minimum of $500 with a minimum of 5% of the portfolio. As Mr. L. says anything less would be insignificant.
Just in case you decide to go along with Mr. L's recommendations the way to do it with Newport is to set your minimum transaction to $500. Set your minimum shares to the number of you shares divided by 20. Eg. 762 shares would be 38. If that comes out to more than $500 that is great! You will be making more profit and that's why we invest.
Bernie
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