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

To: OldAIMGuy who wrote (5901)10/20/1998 9:46:00 PM
From: Jack Jagernauth  Read Replies (1) | Respond to of 18928
 
Hi Tom,

My mutual funds and some of my stocks had plenty of cash for their own needs, so I borrowed heavily from them to continue buying in my more volatile holdings.

When you borrow from your cash-rich AIM accounts for use in your cash-strapped ones, do you keep track of which accounts you borrowed from and how much you borrowed?

That could make life a little complicated. Or alternatively, do you lump all your cash into a single pot to be allocated for 'purchases' on an as-needed basis?

It's great to see that your equity warehouse business is prospering.

Thanks, Jack



To: OldAIMGuy who wrote (5901)10/21/1998 12:10:00 AM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18928
 
Hi,
The reason for the Vealies on FLC was that I was going to get 1.18 shares of the new company for every share I held of the old one.
There were two things I didn't do:
#1: Consider that there might be a major drop in oil stocks, which there was!!!

#2: Follow AIM's advice which would have taken care of everything if I had just followed instructions. There's got to be a proverb for that one!
Bernie


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