Do you all use specially designed software for this or do you use excel? I bought the book probably some time in 1995 right out of college but never did anything with it. I saved the book and started looking at it again a couple of weeks ago. I am now interested starting an AIM program. Do any of you have any start up tips for me? It seems like the more volatile the better. I am thinking of sector ETF's or an aggressive growth ETF.
Well, the dedicated software vs Excel question has merit. Especially if you're the sort, like Mr. Lichello himself who liked to tinker with the process and such. After all, if Mr. Lichello got us this far, can't I do even better? Thus the temptation to avoid the simple process and go make it complicated again. The dedicated software, being dedicated keeps you on a tighter leash, at least in that regard.
On the other hand, you don't really need dedicated software, per se. The AIM site has a calculator and can keep track of the hold zone and next transaction points for you easily enough, transcribing the results to an index card or spreadsheet if you wish. Besides, using pencil and paper, or a spreadsheet will give you a better feel for the mechanics of AIM, quite useful to see how it works.
So the answer is, "it depends."
Best,
AIMster
