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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: LemonHead who wrote (7709)6/15/1999 10:05:00 AM
From: JZGalt  Read Replies (1) of 18928
 
Keith,

I'd have to agree with Bernie. You can't run $2k AIM account without making Waterhouse rich. Your just going to have to select something with enormous potential and set the sell safe at a very high level to make this worth while, but then you are almost in the buy and hold camp.

With $2k, I suggest a good fund that beats the S&P without charging you an arm and a leg.

This is the paradox of investing IMO. If you have only a little money you are sometimes stuck in the least profitable outcome unless you are willing to take a risk on one (perhaps two stocks). The other paradox is if you have only a little money you are much more likely to be a novice investor and therefore less likely to put the money into a winner. IMO funds are the way to go until you get up into the $10-$20k level and can buy a few individual stocks and have learned techniques for selecting winners.

Remember AIM won't save you if you select a company that goes straight down and doesn't recover. Given the number of internet IPO's lately, that is more likely to happen now. Last time was the biotech craze when only Amgen and a few others made good money for investors and the rest just blew away in the wind.

----
Dave
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