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

To: SS Heatwole who wrote (8235)	8/17/1999 3:53:00 AM
From: LemonHead	Respond to of 18928

Hi Scott, that is great! I have a 22% average return on seven stocks in nine months All you folks are kicking my butt, guess I should do more listening and less talking.:o) Keep up the good work and keep us posted on your progress. Keith

To: SS Heatwole who wrote (8235)	8/17/1999 10:27:00 AM
From: Jack Jagernauth	Read Replies (2) \| Respond to of 18928

Hi Scott, Welcome! Better still my comment to all the brokers "any idiot (ie me) can make a 6% return I have grown to feel the same way about mutual funds and professional money managers, but that's probably my own fault, having AIMed some lousy funds. One of them, an Asia Pacific fund, was loaded with South Korean stocks for a long time, and they weren't going anywhere. When the markets crashed a couple of years ago, the fund manager sold ('reduced the weighting of') South Korean stocks at the bottom. Now the markets are up past where they were before the crash, but my fund is not. I feel that if I were AIMing individual stocks, I would have done better than the fund manager through that deep cycle. Congratulations on your early success with AIM. I bet that you have picked some good stocks. Regards, Jack

To: SS Heatwole who wrote (8235)	8/17/1999 1:29:00 PM
From: JZGalt	Read Replies (2) \| Respond to of 18928

"any idiot (ie me) can make a 6% return". The easiest way to make money in the market is to quit looking at companies that don't have earnings growth or prospects of growth. Value doesn't mean a darn thing in the traditional sense of buying slow earnings growth stocks "because they are cheap". Cheap stocks are generally cheap for a reason. In my experience, stocks trade as a function of earnings and the only way to make real money is to find stocks that offer superior growth prospects and buy them when they trade at a discount to their earnings prospects. I don't even bother to look at stocks unless the general consensus is for the stock to grow at least 20% per year for the next 5 years or the stock is a cyclical stock whose earnings are about to skyrocket. This makes up for a multitude of sins. AIM or Buy and Hold, if you buy stocks that have superior growth prospects at discount prices, you make a lot of money. ---- Dave