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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Steve Grabczyk who wrote (10366)2/29/2000 9:09:00 AM
From: Bernie Goldberg  Read Replies (3) of 18928
 
Hi Steve,
You sound very much like a friend of mine. I was at his home for dinner last night. His big stock was AMD. He bought it in September 87' just before the big crash. Bought 1000 shares at $31 per. In 1995 he needed some cash to finish building a house and sold it at $32 per share. He likes to look at charts so that he can predict where the market is going next. He has charts with lines and flags going every which way. He listens to all the pundits making predictions etc, etc, etc.
I had first read Mr. L's book mid 1995 and I asked my friend for a price history on AMD. I had listened to him complain about the stock for years.
With a very crude spreadsheet that I worked up I discovered that $31000 invested in AMD in Sep 87 turned into $88000 using AIM, 88 TIMES the profit my friend achieved. I decided then and there that AIM was for me. Most of the folks here worry too much about too many things. It took me about four hours one evening to input the prices and do the computations for 8 years of one stock, while making $88,000 profit. I didn't worry about selling at the absolute high or buying at the absolute bottom. I let AIM take care of that for me. that is it's job, and it does it well.(by the way the computations were done on a monthly basis)
I also found out last night that friend was not totally accurate, he actually had bought 3,000 shares not 10,000. He's got some real estate deals cooking and expects to have some cash to play around with soon. He wants to use AIM.
Mr. Lichello was making something simple. He recommends checking your stocks once every two weeks or once a month. With G@I funds check them once every quarter. That's what it says in the book. When you sell 15 shares at 65 and two hours later sell 16 shares at 69 what you are doing is reducing your profits and increasing your expenses.
I am looking at the cover of Mr. Lichello's book, the biggest word in the title is AUTOMATICALLY! That's what originally caught my eye. The amazing thing is that it really works if it is given a chance. You guys will probably continue trying to find the ideal AIM stock and the perfect way to time it. It's like searching for the holy grail. There ain't no such thing.
As Mr. L. says in the book you've found a money machine. Why don't you just turn it on and let it do it's thing.
Bernie
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