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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 (5930)10/23/1998 1:54:00 PM
From: Jack Jagernauth  Read Replies (1) | Respond to of 18928
 
Hi Tom,

Your cash management strategies are interesting.

I can relate to the plusses and minuses, and the normal borrowing that occurs; I have a number of cash accounts that I have contributed to over the years for various purposes. However, I have found it necessary to make some of them off-limits to borrowing, and I have 'written' appropriate rules into my psyche, for example, 'there shall be no borrowing from my investment dollars for other purposes'.

P.S. My wife may have other ideas.

Thanks again,

Jack



To: OldAIMGuy who wrote (5930)10/23/1998 6:05:00 PM
From: Bruce A. Bowman  Read Replies (1) | Respond to of 18928
 
So where do you take the adjustment for commissions, Tom? I can think of 3 ways:

- as a Decrease in cash in the CASH account
- include it in the basis for the purchase
- deal with it separately out of the individual account cash reserve as a Decrease in cash

I've been ignoring it, but things like this drive me nuts plus the error looks big enough that I need to decide on a standard procedure to keep cash straight.

Bruce


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