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

To: matvest who wrote (13685)	11/26/2000 8:49:07 AM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Good morning Larry, 1) For Newport, you want to correct those errors in number of shares by using the TRADE window. There you can ADD SHARES or DECREASE SHARES. This will take care of those errors in starting up. However if the error was made in entering an AIM trade, then the best thing to do is to back the trade out by entering the inverse of it. Say you bought 100 shares at $10/share on XX/XX/2000, but you really only bought 75 shares. You could enter another TRADE showing that you bought a negative 25 shares at $10/share on the same date. 2) As far as multiple accounts with the same name, yes, you can install Newport a second time and do it that way. However you can also give the second account in each mutual fund a slightly different ticker and do all the work in one Newport installation. For example, if you have TWCUX as your IRA account then name your Roth IRA TWCUY. The program will be happy to accomodate you in this. Since you're keeping all this as essentially one person's account, this is the simplest way. If you are contemplating one set of funds and stocks for you and another for a spouse or child, then it's best to install separate Newports since then you can generate separate reports for each person. 3) Newport's default setting for Cash Reserve is Mr. Lichello's 33% of a new account's value. That's 33% of the total including the cash. It would make the most sense to put in the exact amount of cash you really have. Then from that point forward you should be able to reconcile at any time in the future. If after a month of interest accumulation in your mutual fund's cash reserve you want to show this money in your Newport account, then just divide it up by the appropriate percentage for each investment and allocate it to the proper Newport account. You make interest and dividend additions using the Maintenance window rather than the TRADE window. Just go to the CASH RESERVE field and change the cash value to the new amount. Newport will know this is accumulated interest and account for it in the Gross Profit estimate. Best regards, Tom