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Strategies & Market Trends : Value Line Investment Survey -- Ignore unavailable to you. Want to Upgrade?

To: KevRupert who wrote (62)	11/4/2000 9:24:20 AM
From: OldAIMGuy	Respond to of 219

Hi A, You hit the nail on the head. Some folks are "born to trade" while others seem to feel more comfortable with very long term commitments in investing. It's a personality thing. AIM is a contrary program. I created a somewhat cynical motto for our group Buy from the Scared, Sell to the Greedy! which sort of tells the story! :-) I find that Value Line is a big help in selecting stocks for AIM. I buy stocks of companies with what I deem to be very good long term (years) potential. I really don't do any short term trading any more. Too much money gets left on the table with ST Trading, IMO. The AIM method creates a minimum "round trip" gain of 20% and usually more. Then it's a matter of how frequently these blips and dips occur. I regularly turn in excess of 30% LIFO gains when one of my stocks gets hit and then recovers. Compounding these over time while we wait for the company's potential to be realized makes for a happy portfolio. Mr. Lichello's book is available at Amazon. Best regards, Tom