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

To: Jack Jagernauth who wrote (6305)	11/27/1998 8:53:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Jack, When you hire a new employee, you rarely know their personality in advance. How well that new employee works depends on putting them in the correct position and giving them the proper tools with which to work. It's much the same with AIM. As we get to know AIM's personality, we get better at maximizing the results we get from this new employee. I started AIM in January of 1988 - just after the market "crash" of '87. I applied it to EVERYTHING in my portfolio. None of the stocks had been selected for AIM, AIM was "hired" to manage the mess that was already there. It took a while to get to know AIM's habits and then give it proper tasks to perform. One good thing about those early days - I had bunched small holdings of many stocks into a common AIM "basket" and let AIM do its work. I then had to decide what to buy or sell when AIM announced it was time. It became quite apparent which stocks in the bundle were the "driving force" of these AIM decisions. That was a good education as to what was going to produce the best results with AIM. AIM knew what stocks it liked the best, but I had to learn. Also, with things like "sector" or "country" or "region" investing, we have to have proper time horizons. The Tech sector, for instance, has been in the dog house for quite some time and is now finally feeling better. This is true of the Asian region as well. It was a year ago when the doodoo hit the fan, but it was just about a month ago that Hong Kong and Japan bottomed. It was easy for AIM to exhaust the Cash Reserves a bit too early in these areas. As with most things, experience is still the best teacher. Maybe that's why this BB works so well because we each learn from the others! Thanks for your time and participation. You have stuck with us through the worst bashing the market's seen since 1990. The "recovery" has come quickly - but everything seems to happen more quickly these days. I'm already looking forward to giving thanks again next year! Best regards, Tom PS: the turkey, etc was GREAT!!