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

To: jptenz who wrote (14686)	1/31/2001 8:12:47 AM
From: matvest	Read Replies (1) \| Respond to of 18928

HI Jack, I applaud your efforts at putting together a composite of the advice and counsel. I sure would like to have a copy. Actually, Mr. L's book does answer almost all questions. I find his writing style to be so simple that I sometimes miss the subtleties in the text. I think that a copy of Mr. L's book with annotations by Bernie and Tom, concerning practical real world situations, would be a wonderful teaching tool. We actually have that on this board, but with the additional advantage of all the other contributors. The only disadvantage of the board is the information is not organized into one work. The other learning issue comes about because of the difference between abstract principles and real world problems. There is a reason why they call it the "practice" of medicine and law. Lawyers and Doctors alike may be well trained in school, but the real learning occurs as they integrate the book knowledge with the real life problems they face. I think, at least for me, investing generally and AIM in particular is somewhat similar. Larry M

To: jptenz who wrote (14686)	1/31/2001 8:49:21 AM
From: Steve Grabczyk	Respond to of 18928

Hi Jack: I 'noodle' about AIM all the time. In fact, I've been 'noodling' about it since the original infomercial in the 80's! I started to commit real money to AIM about 15 months ago. One reality from this experience is that you learn more in 15 months using real money than you do in 15 years of 'noodling' for free! I've been real busy these last few days and had fallen seriously behind with the posts here. Fascinating stuff lately. Keep it up! Regards, Steve

To: jptenz who wrote (14686)	1/31/2001 3:36:48 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hello Jack, As Larry mentioned, a review of Mr. Lichello's book after some time with AIM really helps. There's much in the text that looked like "story" on the first time through the book, but was transformed into something much more meaningful after experience. I would like to suggest to EVERYONE here that they do like I did back when I started using Lotus 123 (DOS) for my AIM activities. I wanted to have a good record of all my activity in case my computer or the software failed for some reason (this was 1987 on a 80086 IBM, remember). So, I bought a pad of 13 column paper and began recording ALL transactions with Mr. Lichello's column headings and a few extras. Here's the columns I used: Date, Notes, Stock/Fund Value, Split SAFE Values, Cash Reserve, Portfolio Control, Buy/Sell Advice, Market Order, Price/Share, Dividend, Total Portfolio Value, Cap Gain, % Gain/Loss YTD, Total Gain/Loss from Start. Remember, I started AIM on paper, so this was just a continuation of that effort. I didn't update the paper version every month, but only when a trade occurred (no use filling up paper for no reason!). So, if 6 months went by with no activity, that was six rows that didn't need filling in. I still had a "hard copy" of my trades, however, in case anything came unglued with my computer. When you fill in those columns with each trade and watch the changes in cash reserve, Portfolio Control, Equity Value, and total portfolio value with each trade, it starts to make A LOT of sense! I kept this habit up for about ten years (1998 are my last entries) and it always helped to reinforce the whole concept and teach the "mechanics" of the method. It also gave me an approximate target of where my capital gains were headed for the year. I hope this idea doesn't sound too whacky in today's world of Electrons! Consider the idea like "Flash Cards" for learning AIM! Best regards, Tom

To: jptenz who wrote (14686)	2/1/2001 12:23:08 AM
From: Sbtorres	Read Replies (1) \| Respond to of 18928

Hello Jack: Under AIM Basics in the Aim-users Homepage, you will find a graphical explanation of how AIM works at aim-users.com Figure 3 shows how the target prices are determined while fig. 5 illustrates what variables change between buy, sell and a vealie. I trade in round lots hence the minimum shares variable is not shown. To convince yourself of how it works, try a few and verify it with Bill's spreadsheet. Skip the block diagram if you are not familiar with it. Bill even asked me what the nonliniarities are and may likely confuse instead of help someone. I may be the only Mac user here. I was halfway reading Mr. RL's book when with some help finally converted Bill's spreadsheet from PC version. Bernie and Tom knows AIM by the book and usually are available. Hope this helps. Santos