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

To: JSLyons who wrote (17165)	10/27/2001 6:36:08 AM
From: Nimbus	Respond to of 18931

I use Newport and despite it's limitations it does a good job of helping one visualize progress, and to test "what-if" scenarios. Initially I hated the once a week input restriction but now can see the wisdom in it. Trading more often than that has proven to be less efficient. As you can tell, some of the regulars here stick to trading just once a month. Whether once a week, every 2 weeks, or monthly, the number of trades in most cases are not that many. It takes a while for stocks to move. If you do 6 trades in a year on a given stock, that might be about average, so the paperwork is not all that bad imo. I have about 10 Newport directories and it takes about 30 minutes to update them once a week (Sunday morning), which is far less time than I used to spend when I did Buy/Hold. AIMs beauty is that it prompts you to buy more and to sell some. Prior to AIM I rode cycles up and down never selling and never buying more. It's a Joy when AIM suggests a transaction and more often than not it was the exact right thing to do. When I have ignored an AIM suggestion, within a week I realize I should have listened to the suggestion. It takes a while to shake the greed aspect that B&H induces where you hope to sell at higher levels or buy at lower ones. I'm now letting AIM drive the train ... and what a relief that has been ! I started AIMing several stock earlier this year (April)and have doubled my money on most of them. The share prices are only up maybe 20%, but AIM has multiplied that to 100%. I couldn't be happier.

To: JSLyons who wrote (17165)	10/27/2001 8:07:53 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18931

Hi Johnathan, Newport requires you to put in weekly price updates for the graphs, but if you feel compelled to change the price more frequently than that you can always use the "Fix A Price" feature but Newport only saves the last change for the graphs. However, it's far easier to use the "What If" window pop-up to see what AIM would suggest at a specific price. Also, Newport will let you trade as often as you want. It records each transaction separately, but will only save for graphing purposes the very last trade price of the week. All the other math is complete. Another thing that many AIMers want is to see what the Portfolio Control value is once in a while. It's there in Newport, but not obvious. Using the SHIFT+F4 keys you can check it whenever you want and also change it. Along with Nimbus's comment, I allow myself 5 minutes per week per equity for updates, review and decision. That leaves me plenty of time for research, correspondence and any other things I want. I've always hand posted my Profit/Loss calculations for the Schedule D until this year. It's been a HUGE project to go "electronic" with this, but the project is essentially done and I'm delighted with the results. I bought Quicken 2000 Deluxe at Best Buy one day hoping it would do the trick. It has. I had FIFO trades for Year 2000, for instance that I needed to go back in history as far as 1994. To get "current" I had to then enter each and every purchase transaction since then and then start to enter all the Sale trades from Jan., 2000 on. This was a task akin to Hercules' cleaning the Aegean Stables! :-) Now that it is done I can see how much time annually it's going to save me and I'm very happy to have done it. Also, at any given point during the year you can check your progress on Capital Gains, both long and short term. Many other features and reports are available that I'm just starting to explore. Best regards, Tom