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

To: Bernie Goldberg who wrote (5084)	7/23/1998 10:17:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Bernie, I accumulated a bunch of GSF in the last interest rate rise (1994 and 1995) and bought shares a very nice yield and reasonable discount to NAV. I bought until there wasn't any cash available to buy any more! The effective yield is above 10% based upon my costs. However, to recover cash and to come up with a reasonable trading range, I used 5% SAFE on the Sell side. I'm in the "vealie" mode, and am not selling any more for now. To conserve cash at these low levels (I'm currently at about 12%) I have the Buy SAFE set at 15%. It will take quite a drop from current levels to trigger a buy, but I want each buy to not only be efficient, but yield a nice income as well. These long term bond funds will put us to sleep as far as trades go, but are delightful every 30 days when a fat check arrives. It's nice to know that AIM will remind us when it's a good idea to buy or sell some. Hope this helps, Tom