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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: THE FOX who wrote (6406)	12/12/1998 8:33:00 PM
From: Steve Grabczyk	Read Replies (1) of 18928

Hey Foxy: I was in an investment club back in the early 80's. As Tom said in his response, it was basically a DCA approach. However, we required a $ amount each month at the meeting, and we held cash until we did the fundamentals on various stocks using Value Line and the NAIC literature. Overall it worked pretty well, although I left the club when I moved to Texas. I have often thought about how AIM would work inside of a club, and I think the prerequisite would be that each member would have to read Lichello's book. Certainly one of the tenets in there is to 'buy when told to' and 'sell when told to'. The single biggest point of contention in our club was 'when to buy/sell'. If there was not unanimity, then we voted. Unfortunately that sets clubs up for problems, because under those circumstances, some one is right and some one is wrong (every time). I like AIM's decision criteria better; although you could end up with "vealie votes"! Regards, Steve

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