AIM Meeting, Preliminary Outline: Thoughts, remember I only have an hour... TIA
Sept 2nd 1999
AIM Meeting : RedNeck Division
Agenda : AIM Basics
Definition of AIM: Automatic Investment Management.
Theory: AIM allows one to maximize long term profitability do to the volatility of an investment in an equity.
How does it work: AIM in the simple form directs you to buy shares when the equity has dipped and to sell shares when the equity has reached a profitable level. It directs you to maintain inventory as well as funds to buy or sell that inventory. The plan is simple: Buy low, sell high, and maintain inventory with dry powder.
How much Money does one have to have to implement a long term AIM plan? The basic premise is $10,000. This is the Portfolio Control limit. Depending on the equity and the state of the market the % of equity to cash can range from 70/30 to 50/50 initially.
What if I don't have $10,000 to start with? Crawl then. You can open up an online trading account presently for as little as $1000. I would suggest that 1st you take $200 and invest in the AIM based software programs (Newport & PCA) and develop a few watch lists from the AIM resources that are available on the Internet. If you will maintain these watch lists based on what you learn from the resources for six months then you should be in an enhanced position to buy your 1st building block. Don't get in a hurry? You didn't have a portfolio when you walked in here, and you won't be secure when you leave. This is a long road and we take one step at a time together to reach our goals.
What if I have $100,000 to start with and already use a brokerage firm? It's your money. If you bet on Buy & Hold and play the long-term winners, then you're probably okay and very secure. But do you really have control of your Destiny and Financial Growth? Confusis say, Man who scratches with pencil on his own Yellow Pad, can read it very plainly just before wiping his ass. Man who use another man's paper might end up with raw bottom or stained fingers. Damn where did that come from? The point is no matter how much you have, nobody is going to manage your investments like you will. AIM is a powerful tool.
What if I don't have the time? That is my favorite excuse. If you have $100, $10,000 or $100,000, do you count your change!!! Do you pay your own bills? Does someone else click the channels on your TV for you? AIM is a multi faceted tool and it allows you to perform your updates on a predetermined basis. But you must be consistent with the available software or that very dull pencil. Decide on the front end what your applicable time is. If you pay your bills once a month and are always a week late, then you should update your AIM files monthly and religiously like you pay your bills. If you open your bills before the stamp has time to stick, then you might consider weekly updates. Remember to work Smarter not Harder? Your life has many aspects. Time management is the # 1 priority for maximum fulfillment.
To be filled in before meeting time?.
Resources:
Other Benefits:
Available Software:
Related resources & methods:
Books:
How do I get started?
LemonHead
Market Maker
AIM - RedNeck Division |
