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Strategies & Market Trends : AIM Questions and Answers

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To: Skipperr who wrote (65)	10/31/1998 6:38:00 AM
From: Bernie Goldberg	Read Replies (1) of 221

Hi, I can give you my reasons for choosing the investments methods I use. I started investing about 4 1/2 years ago. Like you I decided to to some research. The first sensible book I read was "Beating the Dow" by Michael O'Higgins. My first stock was Merck at 35 7/8, now 136. By the time the first year was over I had come across Mr. L's book. I really consider myself fortunate hitting two home runs out of the first three books I read on investing. O'Higgins claims that his method averages about 18% a year. ( I have done much better than that) Lichello doesn't claim that you will make a million but gives you a hypothetical situation where his system did. ( I haven't made a million yet). To paraphrase our illustrious president, It depends on what your definition of right is. AIM is doesn't claim to be always right, although it is amazing how often it is. Yesterday I sold 100 shares of a stock at the high for the day. After I sold the stock went down about a quarter. It really doesn't make any difference what the stock does Monday or Tuesday or whenever. Two years ago we bought a brand new Jeep Cherokee with the proceeds of AIM and this stock (APCC). 1 1/2 years ago we removed enough cash from this stock to cover our original investment ($10000). We still have almost 4 times our original investment left. More important than whether or not AIM is ever right is one very simple fact. AIM is never wrong!! AIM is very careful not to tell you which stocks to start off with, or as Mr. L. says "what you feed it". Lichello defines very clearly what sort of things AIM will do well with and gives two different plans to use, one more conservative than the other. Tom Veale kicks it up a notch with his Idiot Wave which in the short time that I have been observing it probably should have a book of it's own. I would recommend that you pick one stock. Make sure it's a good one that you don't have to worry about the world not wanting to use it's products tomorrow. Make an investment large enough so that half of it would make a satifactory AIM acct You need to have $10,000 in an AIM acct so that the 5% minimum investment will be $500 or more. Keep track of both Accts and see which one does better. In fairness to AIM the test period should be long enough to go through one buy sell buy sell cycle completely. Using Yahoo's new history site or Microsoft Investor's history download. Tom's done well with VTSS, I've done well with APCC. You could backtest a history on either of those. I would certainly recommend that you stay away from anything under $5. While they are more than volatile enough there are too many of them that go down to $2 and stay there for too long. Hope this helps. Bernie

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