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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 (11204)	5/22/2000 10:30:00 AM
From: Bernie Goldberg	Respond to of 18928

Hi, Haven't been following First Hand Funds. However, if you bought your funds more than 6 months ago in an AIM Program, you made your largest purchase 6 months ago. You haven't been doing much selling of those initial shares in the past few months. When you do start selling you will be selling the oldest shares first which will give the newer shares a chance to ripen and become 6 months old. Consider it an addition to the Capital gains tax. Uncle Sam adds a 5% surcharge to anything sold after being held less than a year. All that the 2% redemption fee is going to do is reduce your profits and your Capital Gains taxes that you pay Uncle. You might consider UOPIX. Plenty of volatility and they encourage traders. Bernie Bernie