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


To: labestul who wrote (15212)3/9/2001 3:48:37 PM
From: Steve Grabczyk  Read Replies (1) | Respond to of 18929
 
Hi Barry:

Yes, I'm going to be in Vegas (with Andy again). Unfortunately, both of our spouses will not attend due to other conflicts (although they were invited).

I have to show up because someone has to hand off the Strewie to a new recipient right? BTW Tom; the rule is that one person is not allowed to 'win' the Strewie in consecutive years right? Gee, I hope so.

Of course you are correct insofar as classic AIM mentioning 100 share lots for commission efficiency. Tom's ease of record keeping makes a good point as well. I was referring to classic AIM calcs of SV-PC-SAFE=ACTION & AMOUNT.

As far as 5% minimum, this too is in terms of value, not # I believe.

All my actual AIM-ing so far has been inside of an IRA, so Cap gains record keeping is moot for me. I also do all my trades as Limit orders @ $15 each up to 5000 shares (and I've not gone beyond that except one expensive time), so lot discounts don't apply either. Like Robert has said, AIM-ing inside an IRA brings certain advantages I believe.

This discussion brings up a question I may have asked before (but forgot): That is does anyone know of any cheap or free CapGains calculation software that is available? I've not scoured the Net yet but figured someone may already have done this.

Regards, Steve



To: labestul who wrote (15212)3/9/2001 4:39:05 PM
From: Bernie Goldberg  Respond to of 18929
 
Hi,
That has been the easiest way I have found to set the minimum transaction size.
My minimum $$ amount is $500. I don't want to be bothered with anything less than that. My minimum share amount is 5% of the total. Whenever a buy/sell/add/reduce occurs it is a simple matter to change the minimum number of shares. My interpretation of Mr. L's minimum is $500 or 5% whichever is greater. IMO staying with $500 minimums with a holding greater than $15K is wasting time and money.
Bernie