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Re: nitelord post# 4063

Thursday, 07/18/2002 7:39:48 PM

Thursday, July 18, 2002 7:39:48 PM

Post# of 48380
Hi Nitelord: In answer to your question:

YES

But seriously:

Lets say you bought the DOW, S+P500, or QQQ about seven years ago(just for arguments sake).

When the market went up to (in 20-20 hindsite)rediculus levels would you have sold out? Would your forehead hurt a year later as the market kept going up?

Or would you have held on past the peak and have looked at the drops as buying oportunities and about a year ago have your forehead start hurting as you bang it against the nearest wall or desk.

Would you have any fingernails left?

I started AIMing about seven years ago with two mutual funds I already owned. For the first five years all I did was sell. I was kicking myself that I was giving up 20% profits per year(on paper)for 5% in a Money Market fund. But that has given me the cash to buy in durring the current downturn.

I have made two mistakes (which I will not elaborate here as I have posted about them in the past) and both have to do with not following AIM "BY The Book".

AIM has allowed me to invest unemotionally and without thinking "Should I wait till it goes a few points higher till I sell" or "Should I wait till it goes a few points lower before I buy". AIM tells me when to buy and sell. I "JUST" have to decide what to invest in.

Still
Toofuzzy

Take the road less traveled. It will make all the difference.

Take the road less traveled. It will make all the difference.

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