Hi Gang, A while back someone pointed out that Jason Kelly's "The 3% Signal" book uses sort of an AIM like approach. Well, I found a book that does the buy low, sell high like AIM, but he uses 20% down to buy and sells at 10% up. He also trades in round lots of 100, 200, etc. shares. The book, "The Brainwashing of the American Investor - The book that Wall Street does not want you to read!" by Steven R. Selengut. He's been an independent advisor for over 30 years and, boy, is he cynical about the Wall Street world. Boiled down to a single sentence the essence of what he says is: They don't give a d#$% about you, it's all about how much money they can strip you of. Most of the arguments I've read before but he has some information that I've never seen before in writing.
Also he suggests that you split your money into to parts, an investment part and an income part. He does much more trading in the investment part and keeps things like utilities that pay reliable dividends for the income part.
Really well worth the read. You can get it on Alibris.com for about $6 plus shipping for the second edition. I recommend it highly.
Best,
Allen
