A.I.M Users Group Bulletin Board Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Todd Reichardt who wrote (15184)	3/8/2001 11:55:49 AM
From: Bernie Goldberg	Read Replies (1) of 18929

Hi Todd, You quoted Mark as saying:"does it make me more money overall?" I'd like to ask you a question about that statement. What is all? What is your criteria for being successful? What is success for you? Is it getting every possible penny out of every transaction? Do you always get in at the bottom and out at the top? Perhaps it's picking the best stock or fund of the year. I'm sure you made lots of money in '99 when you bought Qualcom at 20 and sold it 800. I just love it when I am quoted out of context. I don't think there is any doubt that all of us would like to have a portfolio that matched Tom's. I am also absolutely certain that you could look at any of his charts and pick out periods of varying lengths of time when Buy and Hold outperformed him. That is totally irrelevant. You asked:1) how much does it cause my portfolio worth to fluctuate, and how big of drawdowns do I have to be able to withstand to capture the added gains (i.e. the fewer times I have to tell my family to go into "tight-belt mode" the better) In my opinion what one chooses to invest in is more of an answer to that question than how. I've been investing with AIM for 6 1/2 years with a diversified portfolio. I haven't had to tell my family to go into a belt tightening mode yet. 2) how well does the strategy fit my personal psychology That's an easy one. The answer is extremely well. 3) how much time and attention does it require. That's also easy, about 60 to 90 minutes a month. The only reason it takes that long is because I am using AIM for 2 people besides myself. I actually spend more time than that on my investments, but that is not because it is required it is because that is what I feel like doing. In conclusion I would like to say that if one follows Mr. Lichello's recommendations on stock selection and also follows his recommendations on using AIM his chances of being successful ie. making money in the stock market are greatly enhanced. FWIW Bernie

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next