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

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To: JZGalt who wrote (7063)	3/13/1999 1:38:00 PM
From: Bernie Goldberg	Read Replies (1) of 18928

Hi Dave, As I remember you started paper trading with a 25% cash reserve at a time when the IW was recommending 40 to 50%. I also seem to recall that you were trading weekly or even more often than that. I was trading two different oil companies with real $ at the same period of time and was also trading real $. Like you I ran my cash reserves down to zero. This doesn't mean I made a bad investment. Patience is one of the requirements of AIM and just about any other investing technique that I have read about. I have a good friend who now tells me that he envies me for being in Oil since the beginning of the last runup. Hey, I was just following AIM's advice. I haven't gotten any sell signals yet but I am sure they will be coming soon. My experience with the Oils and AIM did not tell me that AIM didn't work with oil. It didn't tell me anything about timing my entrance into any other investments. It did teach me that Mr. L. was correct when he said that he thought that a person who calculated his AIM program once a week was more likely to run out of money too soon. If you read the Q&A that starts on page 175 of the book you will see where this is explained by Mr. L. Bernie

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