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

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To: JSLyons who wrote (12655)	9/3/2000 9:56:37 AM
From: Steve Grabczyk	Read Replies (1) of 18929

Hi Jonathan: No toes stepped on here! Actually, the core group on this BB has mentioned any number of times that the strength of AIM is Risk Management. IMHO, Lichello titled the book in error. Maybe it should have been A.R.M. Automatic Risk Management! Speaking as a long time lurker, and recent toe dipper (started actual AIM last November), I can speak from experience that trying to 'tune' AIM too much can get you off track. It's contrarian approach almost demands that you second guess and try to improve it; but it is a balanced approach to managing risk and once you tip it one way or the other, it tends to get off balance (higher risk/lower return). Key is to manage your cash reserve IMO. This was a lesson learned the hard way. I ran out of CR during the big drop in March and April because I didn't keep enough powder dry. I am still recovering. I can't count how many missed opportunities I've had since then. However, I can't really complain too much as I am still up 29% since November 1st, 1999 (after commissions in my IRA). But, My CR is only 3% at the moment. So, I'll sign this....... Steve (recovering AIMoholic)

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