Suppose AIM said to sell US$6543.21 (~9.89 shares). Would You sell 9 shares or 10
Of course you'd have to have the 10 shares at least to make it an option to consider in the first place, otherwise 9 will do. <grin>. Seriously, I suppose it depends on what the stock is doing and whether or not you think the uptrend that's suggested the sale is going to continue for some time or not. If you think it will, then I'd go for the 9 shares to have one more to sell at greater profit later. On the other hand, if it's a momentary spike, relatively speaking, you'll boost the cash reserve by going the extra distance now.
One alternative, if you use FOLIOfn as Jersey Al and maybe a couple of other of us on here do, you can sell the actual dollar amount's worth and the actual 9.89 shares. Lichello didn't think that fractional shares will impact things too much in the long run, but some places will at least offer you the option as a consideration, if you want to follow AIM recommendations right to the penny.
Me, I've more of a fetish for multiples of 5 shares to keep things even so I'll trade in 5, 10, 15 share lots or more, depending. Easier to figure on and gets around the pesky point that FOLIOfn takes things out to 5 decimal places and the ancient software I still use only carries 4. Nothing like that stray .00001 part of a share leftover!
Best,
AIMster
