This new fund offering from Profunds seems to be custom made for enjoying trading the NASDAQ 100 stocks without the bother of researching any of the underlying securities.
My own preference for managing such a holding is to use AIM (Automatic Investment Management) as devised by Robert Lichello in 1977.
aim-users.com
It has the ability to add some rationality to otherwise irrational exuberance! I'll periodically update my history with the fund and provide a link to the histograms showing AIM's activity.
This account was started in December of 1998. The fund had already cycled from about $40 to $85 earlier in the year only to get crushed in the Fall back to about $45. It then went on to finish out the year well above the $100 mark. This seems to be plenty of room for anyone to make some trading money. How about it?
Best regards, Tom |
