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

To: HighTech who wrote (8965)	10/19/1999 12:30:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

HI HT, Talk about tolerance for risk! These guys had the money in a PASSBOOK SAVINGS ACCOUNT for a long time before they let me manage it! It was earning a whopping 2.3% or some such while it sat there rotting. My attempt was to teach them that risk and reward could have a better balance than they had achieved!!! :-) After I presented the 10 month results of about 44% gains, they decided that AIM and I were doing okay! I just hope I can continue to show decent returns for them in the future. About half of the total assets are committed to UOPIX, the other half is divided between a current high yield bond fund (GSF) and a short term CD. This lets us cover mailing expenses, etc out of the yield, gives us some spending cash when we need it and provides growth for the future. I remember when you first started posting over on the UOPIX thread that it sounded like you had come to an investing strategy that was similar to AIM. I, too, had developed a strategy of keeping a cash reserve for my investments long before coming across AIM. Then when I read Mr. Lichello's book, I was amazed how closely the two methods resembled each other. Like you, my own methods lacked discipline and was Shoot From The Hip rather than taking careful AIM!!! There's people from all sorts of backgrounds here at the site and with whom I correspond. AIM's adaptable enough to let most everyone find a comfort zone with its use. For me, it's been the difference between bigger gains and losses (pre-AIM) to steady gains and almost no losses (with AIM). The net effect has been what I'd wanted. Best regards, Tom