AI
Saturday, July 27, 2002 10:28:15 AM
HI Robo, I modeled the Nikkei for a good friend of mine in Japan. AIM did a very good job containing loss and then trading profitably once the bottom was finally reached. It was/is still a painful time, but AIM helped a lot.
This is pretty much the same story in the 1969-1982 period in our own markets. AIM did a pretty good job through '73, went 100% invested in '74 and then was "tradeless" for many months (actually more than a year) after the bottom was reached. Then it started to trade profitably out of the hole and by the time Buy&Hold was back to break-even, AIM was sporting a 50% gain. (this study was based on the Value Line Composite Index of 1700 stocks)
If we were prescient enough to avoid all calamities, we'd do better.
Best regards, Tom
This is pretty much the same story in the 1969-1982 period in our own markets. AIM did a pretty good job through '73, went 100% invested in '74 and then was "tradeless" for many months (actually more than a year) after the bottom was reached. Then it started to trade profitably out of the hole and by the time Buy&Hold was back to break-even, AIM was sporting a 50% gain. (this study was based on the Value Line Composite Index of 1700 stocks)
If we were prescient enough to avoid all calamities, we'd do better.
Best regards, Tom
Port Washington, WI 53074
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