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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Dave Johnson who wrote (7840)	6/30/1999 12:46:00 AM
From: Bernie Goldberg	Read Replies (1) \| Respond to of 18928

Hi, I think the first thing one has to do is to define A.I.M. IMO the definition is clearly spelled out in Mr. Lichello's book. What unfortunately is too often talked about here are extremely loose interpretations of A.I.M. Sort of like reading Genesis and deciding that the most important purpose in life is to beget. There is as we all should know a little more involved. I would recommend Mr. Lichello's book. He very clearly spells out how far down one should average. He defines the time frame one should have when using A.I.M. He also gives numerous examples using A.I.M. with mutual funds. Many of the good folk here at S.I. believe that an A.I.M. program is not successful unless it triggers one or two sells every week. This is totally preposterous to anyone who has read Mr. L.'s book. If one follows the totally clear and extremely simple instructions in the above mentioned book, one would never panic because one would have determined in advance how much he/she could afford to lose on any individual investment. The book is quite clear on this. The fact that there are folks here who keep throwing more and more $$ into an A.I.M. program has nothing to do the results one achieves with A.I.M. I just read this evening a post from someone who was AIMing UOPIX. He was so excited about a 22.5% return in 3 or 4 weeks that he completely liquidated his position. That's not A.I.M. I very much enjoy reading the posts here on S.I. but there is an awful lot of hypocrisy in most. Long term investing is not buying and selling out in a month. A.I.M. is not what most people are doing here at S.I. It is a DISCIPLINEDmethod of investing that few here are willing to follow. Sorry for being on a soapbox. Read the book. Bernie

To: Dave Johnson who wrote (7840)	6/30/1999 1:50:00 AM
From: RFH	Read Replies (2) \| Respond to of 18928

Well, Dave, here I am carping about mutuals and how I'm not really in favor of using them as an AIM investment vehicle. Lichello has examples of mutuals in his book, but one has to remember that commissions on stock purchases were much more prohibitive when the book was written. I am currently AIMing two mutuals; FAK and FSESX. The first one is Fidelity Korea Fund. This has returned over 50% for me since inception (November '97), and annualized just shy of 40%. elnet.com Also, FSESX is my energy services fund, which I didn't start out as an AIM account, but has been acting very well since I made the AIM plunge. If you check my spreadsheet on this one, notice that I made two initial investments before the fund started tanking, the second investment at a NAV of 33.65. The fund hasn't seen that price since, and is currently at 21.39! I started AIMing it in July of '98, and was able to actually show a profit by March of this year. elnet.com So, one is a country fund and the other is a sector fund. That seems to be in line with the consensus. I still favor individual stocks. Sincerely, RFH