A.I.M. Users Bulletin Board

[old_john]

Hi Tom. A “million” thanks for your kind and thorough reply. Done in the spirit of Mr. Lichello as he answered questions at the back of his book. I think he would be so proud that people are still using his system after so many years. And he would be so impressed with all of the enhancements that you and others in the AIM community, have made.

My initial introduction to the AIM system was just prior to the 1987 crash!!! I was a new investor and just loved the structure of the system. No forecasting required. Just react to price. Much better than the so-called “advice” that I was getting from a full-service broker at the time.

I remember testing out the system on paper and unfortunately came to the conclusion that it wasn’t practical for a small retail investor with limited assets. The odds were definitely stacked in favor of the institutions. I believe the in and out transaction cost at the time was $29.95 each way.

Your answers will definitely help me get started in developing an “income” alternative to bonds. At my stage of my life, I’m in no hurry. Just trying to keep pace with inflation - if that is indeed possible.