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

To: Pat Doucette who wrote (3749)	1/6/1998 5:02:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

Hi Pat- Tom will no doubt be answering you, but your note prompted me to do a little arithmetic. It looks to me like turning $10,000 into $1,000,000 in just 10 years would require an annual compound return of a little over 58%/yr. I don't think anyone would be willing to suggest that AIM could do that, but it should do pretty well nonetheless. I've heard that 30% (I think from Tom) is a pretty good average annual return over any 5-year period. If that's the case, and you don't make any mistakes and always have the better choices of stocks, it would take between 17 and 18 years to go from $10,000 to $1,000,000. Even Mr. L admitted that he used the $1,000,000 number to get our attention... worked on me! :-) Bruce

To: Pat Doucette who wrote (3749)	1/6/1998 7:00:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Patti, I posted another note just this afternoon with the year's results and my overall results (Post # 3752). I'm sorry to say that I've not made that magical Million yet with AIM's assistance, but I'm on my way to some pretty nice gains. Overall, my portfolio is up about 200% since 1990. Even though I started to convert my holdings to AIM accounts in January of 1988, it took me a while to figure out what to do with some of it. Some I combined into baskets of stocks, some I managed individually, and in 1990 I bought my first mutual funds. So, I've AIMed about every way there is. The highest cash reserve I've started with is about 80% and the lowest is 0.0%. Lots of times I will open an AIM account with zero cash to start with, under the assumption that I'm buying at the bottom of a price cycle. Usually I've been proved wrong and have had to add cash later on. However, usually it's been less than the 33% or 50% that Mr. L. suggested we use. My best performance is probably with VTSS right now. It's up about 400% since I started it about 4 years ago. It's been in the dog house recently, but is still a pretty nice stock for me. It only turned about 10% in 1997, so you can see that it did most its work earlier. I hope this helps a bit in your decision as to whether to start an AIM account of your own. As a "retired person" it sure helps me sleep well at night and gives me something to do during the days!!! :-) Please don't hesitate to ask for some help as you get started. You may find some useful info at the FAQ page of our AIM web pages. It's at: execpc.com Best regards and keep in touch, Tom in WI