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

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From: OldAIMGuy	2/23/2022 10:52:32 AM
	of 18928

AIM had me add 20% more shares to my holding in AllianceBernstein (AB) yesterday. The effective yield at that price was in excess of 9%/yr. That's a bit better than Money Market Funds are paying these days, so it seemed like AIM was giving me good advice. Now I can sit back and clip coupons on the dividend until AIM suggests my next trade. It was a nice way to "average up" the yield. I've owned AB off and on for a couple of decades. I added it back again to my "sandbox stocks" during the Covid melt-down. As shown, it's been mostly an exercise in AIM selling and cash control. This is the first buy in this short history. Currently the holding is +100% from where I started. Cash was very low at the beginning and was a "Tom" call as to what seemed appropriate at the time. Lucky guess! Current cash = 27% of the AIM account's value. Folks, don't take this as a recommendation, it's just an example of what AIM does - even with a stock that doesn't seem to want to drop very often. Best wishes, OAG Tom

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