My first Vealies!
As a result of reading back through some earlier posts of Tom's I'm now using the 10% buy and 0% sell SAFE regime with mutual funds which he suggested, also taking sales as they arise, rather than waiting until the month-end. The 0% sell SAFE setting seems particularly appropriate after the recent run up in the markets and as we're approaching major resistance levels. I'm observing the 5% minimum transaction level, even though with these funds, in the environment I'm operating within, there are no transaction costs for buying or selling.
This has given me some sales today of US and Japan index funds. It also produced further sales advice for my UK FTSE 250 (mid-cap) and FTSE All-Share index funds. But the cash levels for these are at or above my target levels so I've implemented Vealies for them both, ignoring the sell recommendations and adding half their values to the Portfolio Controls. Does this mean I've progressed from being a Beginner to an Intermediate AIMer, I wonder!
Once again, AIM feels a very reassuring system to be using.
Daisy42
