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

To: JZGalt who wrote (5541)	9/3/1998 11:42:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Dave, The only time I give up on an investment is if I see some fundamental deterioration or an "immovable object" in the way of the future that I'd originally perceived. Since my goals are based upon sales and book value growth, not based upon earnings (I assume that earnings will eventually follow sales and book value growth) I let many storms roll by without much panic. Last year I gave up on Roberts Pharmaceuticals as I felt that the CEO was an immovable object in the way of the goals I had originally perceived. I'd made money in the stock for several years, but the CEO seemed to have put EGOnomics ahead of Economics. Well, the stock doubled after I sold it!! AIM would have done well by me. In the case of gold, I was building both a black gold and yellow gold portfolio as a future hedge against inflation. I certainly don't trust mr. clinton to pick a replacement for Alan Greenspan. Who will act as our monetary guardian once Mr. G. retires? In long term models, I'd estimated that I should be able to keep up with money market rates or even do better over time with both gold and oil mutual funds. I set aside a small portion of my overall assets to be there as the insurance policy for my account. However, I never expected a straight line performance. Both areas will be continued as I feel AIM and I have done adequate buying to assure long term success and that I still feel the need for the insurance policy. Hope this helps, Tom