Hi Skipperrrr, Yes, people have recently been stopping me in the grocery and quizzing me until the popcycles have melted!! All I can say is that AIM's not led me too far astray in the past and that my Idiot Wave has been pretty consistent on naming low and high risk periods.
In the short term, there's many ways that are faster (and riskier) to make money than AIM. However, its long term success is such that after a few years of AIMing, its pretty hard to come up with any stocks to sell for "tax loss!" That's what I need more than anything else - consistancy. AIM's cash reserve is a big shock absorber for the account. It smoothes the bumps of being a long term investor. We pay some dues in the form of taxes and maybe lost profit potential in the short term, but long term, we're a group of pretty successful investors.
I think you'll like the Newport software. It can handle as many stocks/funds as you care to enter into it. I use it installed to separate directories to keep my own account separate from ficticious accounts and those of my family and friends. I give stocks a "trial period" in those pseudo accounts before actually committing money. This acts as a cooling off period as well!
As far as selection of funds or stocks for AIM/Newport, I'd advise you that AIM will work with almost any type of equity, but it will bore you to tears with something like a utility stock. AIM's personality is such that it works best with stocks that have high volatility. Certainly not all of your portfolio has to be made up of internet stocks for you to do well. In fact, it's very important to understand that AIM can't save us from losing money if we buy into financially unsound companies.
So, good fundamentals are as important for our long term success as bounce to the ounce. If you were to pick industry leaders in each industry as your best guess as good investments, AIM will be happy to manage them for you. Usually growth stocks have erratic earnings on a quarterly basis as they grow rapidly. This makes AIM very happy.
Please feel free to ask away here on the BB or by private note and I'm sure someone will know the answer. You're right, this market has scared the pants off many investors. I'd say the folks here have kept cooler heads than most.
Best regards, Tom |
