A.I.M Users Group Bulletin Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Nimbus who wrote (17276)	11/11/2001 7:24:00 AM
From: OldAIMGuy	Read Replies (1) of 18928

Hi N, On most of my accounts I set up the minimums as 100 share trades and live with the expanded trade range if it makes for a larger than 5% minimum. However, now that I've gone "electronic" with my taxes (Quicken 2000) it's doing all those tedious FIFO calculations and documentation for my Schedule D (US Capital Gain Tax Form), it's not as important to me. I hated trying to do FIFO documentation on odd lots manually so had stuck with round lots for essentially my entire AIM history. Here's something else I did when managing an account for a friend that had several small positions but wanted to use AIM and had lots of extra cash to build the position...... We set up the account with 5% as the minimum trade size just like usual, but with just a couple of hundred shares of the stock, it just wasn't a very productive trade. So, we decided that we'd build the base using AIM's signals as our accumulation targets and just not do any selling since we had plenty of cash available. Here's what we did... When AIM signaled a buy of 10 shares (our 5% minimum) we'd buy 100. I reported the transaction in Newport as an AIM buy of 10 shares and an ADDITION of 90 shares! This kept the Trade Range appropriate for the account's history and also expanded the size of the account! We did this several times until the account's holdings were good enough that some practical AIM trading could take place meeting our minimum dollar values. It seems to have worked out so far. Best regards, Tom

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next