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

To: OldAIMGuy who wrote (7313)	4/21/1999 5:29:00 PM
From: LemonHead	Read Replies (3) \| Respond to of 18928

Retirement Question? I met with a fellow from Edward Jones today on my wife's retirement funds. He said that she told him that it would be about $130,000. He is suggesting one of the American Mutual funds. She told me that she had to have a monthly income of about $1000 per month. So I've been poking around a bit on the closed end funds. My question is if you had a decent mutual fund and made an annual withdrawal (or maybe even quarterly) and then deposited it in a money market fund, where is the advantage of the closed end fund scenario? Thanks for any and all help, trying to keep peace on the home front. Keith

To: OldAIMGuy who wrote (7313)	4/22/1999 12:25:00 AM
From: RFH	Respond to of 18928

I hear what you're saying, Tom, and I have changed some previous AIM accounts from 5% to 10% Sell resistance after they have proven themselves to be winners in the long haul. As you said in your previous post, they all seem to become winners one way or another in due time. However, with this energy service fund, I'm not really convinced that the rally will last, and have decided to "nickel and dime" my way to profitability. My current sell is at 20.319 with a 5% SAFE, and changes to 21.437 when I change to a 10% SAFE. The fund is at 20.36 at the close today, and I don't plan on taking any action at this time because of my unwritten "twice in a week" rule. So in effect, I have unconsciously raised the bar here. I just sent off for a rather expensive commodity trading program and plan on doing some paper trading for a while before jumping in again (for the first time in a number of years). If it works out, I'm sure I will be getting all the action I need in the commodities market, and my AIM investments will probably all be raised to the 10% resistance levels. I'll let you know when and if it happens! Sincerely, RFH