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

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To: SS Heatwole who wrote (8235)	8/17/1999 10:27:00 AM
From: Jack Jagernauth	Read Replies (2) of 18928

Hi Scott, Welcome! Better still my comment to all the brokers "any idiot (ie me) can make a 6% return I have grown to feel the same way about mutual funds and professional money managers, but that's probably my own fault, having AIMed some lousy funds. One of them, an Asia Pacific fund, was loaded with South Korean stocks for a long time, and they weren't going anywhere. When the markets crashed a couple of years ago, the fund manager sold ('reduced the weighting of') South Korean stocks at the bottom. Now the markets are up past where they were before the crash, but my fund is not. I feel that if I were AIMing individual stocks, I would have done better than the fund manager through that deep cycle. Congratulations on your early success with AIM. I bet that you have picked some good stocks. Regards, Jack

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