Tom, so it is that simple! So when I add a stock, I just adjust PC by that value? So maintain cash through maintenance and adjust PC with F4! Simple enough!
For example: Today I got 1500 shares of LEXR in my Simple IRA. Maintain the cash and adjust PC plus by the dollar amount of the trade... Correct! Thxz!
Hi Tom, As I stated I'm using the basket nav approach in two accounts. My Simple account asked for a buy about a month ago and it was pretty easy to go to one of the individual stock's and match the purchase suggested by the basket.
Last week the basket asked for a sell. Not so easy as none of the supports wanted a sell. My first thought was to pull a Vealie but the cash ratio was below the IW minimum. Then I played with a combo sell from two stocks to satisfy the basket. I wasn't happy about doubling the commissions!
Note: I noticed that the buy/sell guidelines were much lower for the basket than the individual stocks. Maybe I set this up to tame my greed!
My question to you and the AIM Troops is how would you handle a buy or sell request for the basket if none of the supports are requesting the same?
Well I penciled on this most of the week and with the "Debate Rally" today I decided that AIM had to make something happen. So I pulled the Vealie and calculated the next sell point for the basket. Then I placed two limit sell orders for the exact amount the basket was asking for. Thinking that one of the two might happen and if both happened it was twice as good. One did happen so now the basket is in balance with AIM again.
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