Thanks, TooFuzzy! Great responses and very helpful to this newbie.
I may start out with a modest AIM program to earn my wings. I have about $36,000 in my Roth IRA.
More questions…
1. I will probably start out with a single ETF (probably Vanguard, since I have all my money there). Or would it be better to have two or more ETFs? I have $36,000 in this particular account.
2. Do you use a separate AIM program for each individual ETF?
3. Is it riskier to own just one single sector ETF? They seem to be a bit more volatile and would probably generate more action. Or would it be better to start out with something like an SP500 or a Small Cap Growth ETF?
4. It looks like many months could pass before placing any trades unless the market is really advancing or declining. I played with the Quick AIM Calculator and it seems to require pretty big moves with 10% safe and 5% min order sizes.
5. How many trades per year might be typical with one of the above ETFs. (I know, probably varies like crazy, but I'm just trying to get a feel here).
6. I'm guessing it might take a few years to see AIM make some real headway, since it is the repeated buying low and selling high that makes it fly. Is that correct? Seems like it could lag behind during the first year, especially in an UP market.
Thanks again.
Lou
