Replies to post #10 on Foliofn

[Churak]

re AIM...I presume that you know that Tom Veale uses AIM for STKL. Have you touched base with him to see what brokerage firm he uses & if Foliofn may be advantageous?

[lentinman]

Troy:

If I understand correctly, you are saying that the trades only take place twice a day during windows. For an active trader (and that is presumably EXACTLY who they are trying to appeal to), I would think that would be a big negative. Being able to buy at specific times when a stock looks appealing is important - especially on small or micro caps that have spreads of 10% and wild variations. And, how do they handle the spread issue?

The other question I would have would be is what is the backing for this company? Let's face it, if you go putting your life savings into a brokerage, you want to be more than 100% sure there is ZERO chance that anything could happen.

Len

[AIMster]

one could hold 150 different stocks, execute over 7200 trades in those stocks (4000 of them), have 120 free market trades (10 free a month) in stocks outside of their window stocks, and make additional trades at only $4 each.

True. However, in practice I usually don't make more than 60-80 trades per month (but then I don't have the full-blown 150 stocks/funds either (at least not yet!)). If you're comparison shopping, you need to determine the breakeven point. For example, if Foliofn's costing you say $29.99 per month (not sure of actual going rate so bear with me) and you can get Scottrade's at $7 each, for example, after the 4th trade Foliofn becomes more and more economical. Now AIM may reduce the number of trades you're making, especially if you're AIMing a whole folio rather than the individual components in that folio, so you'd still need to see if this cost structure works for you - but I'd think in most cases that it will.

AIMster