The Contrarian

[aim hier]

Hey TF,

I don't AIM. As I have frequently posted, I don't think AIM is a very good system, though it certainly may be better than no plan at all. I've corresponded with several folks who blew up using AIM on very volatile stocks, that sucked up all their cash reserves but continued to decline.

My system is AIMlike, in that I'm not opposed to adding to positions when prices decline, or taking some monies off of the table when prices go higher.

I don't actually own many stocks, most of my positions are established using options. My downside risk is partially hedged, so I tend to not have as large a drawdown as a stock investor. Additionally, I currently have a large cash position, but am not adverse to putting it to work, when I think I have attractive opportunities. Being retired, I am somewhat more concerned with the return of my money, than with the return on my money (per Will Rogers). That said, I have done very well the past couple of years, and am the most comfortable financially, that I have been for many years.

Hope you are faring likewise.