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Re: OldAIMGuy post# 13570

Monday, 08/02/2004 7:02:16 PM

Monday, August 02, 2004 7:02:16 PM

Post# of 47148
Sell out of what long term position?

Taking and extra 10% on the sell side and lowering PC by that amount would sell who out of what? Adding that same extra 10% money back in on the next buy anyway is what I meant to help kill that math quirk. Let's see,,, if I had a 5% sell then I'd add another 10% to that sell which would be another 1/2% of PC,,, 1/2 of 1 percent in a 5% sell,, or 1% of PC extra in a 10% sell,,,, might take a few life times to run the position dry,,, especially when you are replacing that same money and adding back to PC with every buy,,,, Selling out of long term position? Could be done with maybe 40,,50,,60 sells in a row with no purchase signals,,,, I saw the newest Aim book in a large bookstore while on vacation,,, let's see 80/20 split was mentioned,,, how rediculous is 20% cash as a starter? That's bad,,, REAL BAD ADVISE!!,,, as a long term investor I think 20% cash as a starting point is ridiculous,, let's see I started investing in January 1987,,,, How many times would a 80/20 split ran way short of cash? Not short,, WAY SHORT!! 1987,,yep,,88,,yep,,89,,yep,, 91,, yep,,92,,yep,,94,,yep,, 00,01,02, yep, yep and yep! JMHO, Firebird

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