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To: Dave Johnson who wrote (7840)	6/30/1999 12:46:00 AM
From: Bernie Goldberg	Read Replies (1) of 18928

Hi, I think the first thing one has to do is to define A.I.M. IMO the definition is clearly spelled out in Mr. Lichello's book. What unfortunately is too often talked about here are extremely loose interpretations of A.I.M. Sort of like reading Genesis and deciding that the most important purpose in life is to beget. There is as we all should know a little more involved. I would recommend Mr. Lichello's book. He very clearly spells out how far down one should average. He defines the time frame one should have when using A.I.M. He also gives numerous examples using A.I.M. with mutual funds. Many of the good folk here at S.I. believe that an A.I.M. program is not successful unless it triggers one or two sells every week. This is totally preposterous to anyone who has read Mr. L.'s book. If one follows the totally clear and extremely simple instructions in the above mentioned book, one would never panic because one would have determined in advance how much he/she could afford to lose on any individual investment. The book is quite clear on this. The fact that there are folks here who keep throwing more and more $$ into an A.I.M. program has nothing to do the results one achieves with A.I.M. I just read this evening a post from someone who was AIMing UOPIX. He was so excited about a 22.5% return in 3 or 4 weeks that he completely liquidated his position. That's not A.I.M. I very much enjoy reading the posts here on S.I. but there is an awful lot of hypocrisy in most. Long term investing is not buying and selling out in a month. A.I.M. is not what most people are doing here at S.I. It is a DISCIPLINEDmethod of investing that few here are willing to follow. Sorry for being on a soapbox. Read the book. Bernie

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