A.I.M. Users Bulletin Board

[TAB]

So, here is the question I wrestle with frequently. Bernie and LH have just been discussing a REIT. Several times, interesting CEF's like ACG and RCS have been discussed. The question is -- when is a reasonably good time to get into these kinds of things to help diversify my holdings?

Right now, Reit's and the like are really very high from the multi-year perspective that AIM likes to work with. So in my mind, this is not the right time to get into things like this. No sense getting into something at the tops. I know that the Mr. L's book example shows that getting in at the top does not hurt the investment, but I would argue that the example swinging back and forth between $10 and $4 per share twice each year, is not a confidence building example.

But, when I try to seriously consider something that is dragging a new bottom, I struggle with starting a new position because I can't convince myself that I am the only one in the world who has not yet figured out that I am looking at a dead duck.

So, I am at the point where I think I can convince myself to never start any new positions! Come to think of it, keeping cash on the sidelines has been a pretty good idea so far.

Gotta go study some more losers.
TAB