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

To: Larry Grzemkowski who wrote (13878)	12/9/2000 8:40:23 AM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Hi Larry, John over on the UOPIX thread got me reporting the weather and he lets us know what's happening in Iceland, where he's currently stationed! As I sit here there's a beautiful sunrise happening over Lake Michigan. With clouds here over the land and clear air over the lake, the rising sun is lighting the bottom of the clouds with a pink color that I don't know how to describe. The Big Lake makes for interesting weather. This AM it's 12°F, no wind, barometer 30.15 and rising. I think I've mentioned before that after about 12 years of AIMing, it's been the times of no activity that seem hardest for me to take. When the market gets stuck and I see no buys or sells being generated by AIM, I become impatient. That's when I've usually wanted to "adjust" things to get some activity. It's very hard to resist the urge, but we should. Long ago, I tricked myself many times by trying to out-smart AIM. Every time I'd try to out-guess the trend it seems that I would regret it. What I finally realized was that the business plan was very good. The LIFO gains were very good. All I had to do was be prepared to execute trades when a certain percentage of my inventory was "ripe" for selling. And be prepared to spend a certain percentage of my reserves when there was over-supply of my favorite equities. A fellow AIMer I know wanted a software package that would be updated every day. He seemed to think that updating the files every day would somehow improve his total productivity. I tried to convince him that all it would do is increase his work load, but to no avail. Now, if we think about it, the frequency of updates with AIM isn't what creates activity, it's the change in value of the issues. Just because we update AIM more frequently doesn't mean that the price/share of our favorite equity is going to change more frequently. After years of this sort of discussion, I still feel that as investors we probably should take a look at our portfolios once per week. This isn't because we need to do something, but more just to keep in touch with what is going on with our investments. With mutual funds, this is probably too much as they tend to not make rapid price moves based upon news events. Individual stocks can move rapidly on news events so deserve a bit more concentration. Overall, as Mr. Lichello tried to point out to us, AIM isn't meant to be one more obsessive behavior for the workaholic, but an easy guide to managing the risk of investing in the squirrelly world of Equities! Sometimes I'll get phone calls at work from friends and they'll say, "Did you see what the markets are doing this morning?" Well, I have to admit that I don't many days! I'll get busy with my email or Silicon Investor and much of the day will pass and I'll have forgotten to turn on my Ticker software!! I've found it very difficult to move the price of my equities by staring at the ticker! :-) I guess I just don't have Psychokinetic Abilities! I sleep well and don't take MAALOX. Worrying about the market is like worrying about the weather; Neither seems to change the outcome much! :-) Best regards, Tom