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

To: Bernie Goldberg who wrote (17049)	10/11/2001 8:16:47 AM
From: rgammon	Read Replies (1) \| Respond to of 18931

Bernie, Suspected you might be incredibly busy with some new project, welcome back. Here's where I take issue. The support that AIM gives us generally means that we have done the work for stock/fund selection. That is, we have done our due diligence and have arrived at a decision on which stock/fund to buy. Once we make our purchase after making our decision, AIM takes over and manages the investment for us. Over the VERY long term (10 years or more), it will make very little difference whether we bought at a time when there was a premium to NAV or a discount to NAV. All we can say now is that it appears that we MIGHT have a purchase as our FIRST AIM transaction instead of a sale. This all depends, of course, on how closely the selling price of the fund matches the model price cycle. MFs and stocks almost NEVER match the theoritical cycle. How long will we have to wait until ACG is selling at a discount to NAV? This may be YEARS!!!! What you appear to be suggesting is a form of market timing!!!!!! Robert