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Adding to AIM Account-Aug 4, 2001

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extelecom Member Level  Monday, 03/04/02 09:47:22 AM
Re: None
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Adding to AIM Account-Aug 4, 2001

Hi Tom, What do you do to add to an AIM account. I started one a while back with $6,000 and I would like to bring it up to $10,000 or so.
Thanks, John
-----

Hi John,
When adding to an AIM account, if increasing just the Cash Reserve, there's really nothing to be done but increase the value shown. There's no change to Portfolio Control, but it will affect your overall P&L a bit.

If you are adding to the Equity side, then you will need to increase your Portfolio Control value by the same amount as is being added to the equity. This addition is being treated as a "non-AIM event."

If it's a combo of adding both to the equity and cash sides, then do each of the things shown above.

Each software is slightly different in how this is done. The one I'm most familiar with is Newport and it has special ADD functions in the TRADE window where you can add to either or both Equity and Cash and name the date when the addition was being made. Newport automatically makes P&L and Portfolio Control adjustments.

Best regards, Tom






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