Hi Rich; As Mr. Lichello says, anytime is a good time to start an AIM account.......the present time would seem to be especially attractive, since the NAZ must be nearer the bottom than the top (seems a reasonable guess, anyway)...if you have not already read the material in Tom Veale's web site, you will want to do that: aim-users.com
Look at the Idiot Wave information.......I believe Tom recommends starting a new account with a cash reserve on an issue like QQQ with about the same amount as for stocks (presently around 40%, I think)......If you are starting near a bottom, and are fortunate enough to have AIM start throwing off a lot of cash, you can use "vealies" to keep a reasonable portion of your account in stock....vealies are not "by the book", but are a good tool, and explained on Tom's site.
I can't give any information on Scott or any other brokerage......I have an aversion to paying for trades, small though the fees may be, so I have positioned all of mine so that I never pay a trading fee.......I put most of my IRA money directly in Rydex (many here use ProFunds), and can move any amount anytime for free......the limitation is that you are restricted to the Rydex funds...but they have an NDX fund that is just like the QQQ...or if you want to walk on the wild side, they have 2X index funds.
Regards, Bud |
