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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (8115)	8/10/1999 11:14:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Keith, One nice thing about last year's gains is that most of it was Long Term. Makes it all the sweeter. AIM's hard pressed to turn over 100% of an initial position in the first 12 months, so its tax consequences are relatively benign. I felt like an archeologist while looking for some of the buy trade tickets! Oldest dated to 1990, I believe. Many were from around '94 through '96. I do my taxes on a FIFO basis for stocks and Ave. Cost for mutual funds. Here's some further break-down: 85 taxable events 30 Short Term (35%) --------------- 55 Long Term (65%) Of the Short Term events, 6 were FIFO losses (20% of the trades). Of the Long Term events, 7 were FIFO losses (13% of trades). Best regards, Tom in Bookkeeping

To: LemonHead who wrote (8115)	8/10/1999 1:46:00 PM
From: JZGalt	Respond to of 18928

Keith, Book mark this one for 90 days max, CNCX at $18. We shall see for the record... Agreed. I like PSIX more than CNCX, but haven't looked at the financials of CNCX in that great of a detail. You could very well be right. The reason I like PSIX more than CNCX is that PSIX is global and slightly more business oriented. Either will benefit from B2B e-commerce post y2k. They are both suffering greatly from interest rate increases where discounted cash flow calculations get moved sharply down as interest rates moves higher. ---- Dave