A.I.M. Users Bulletin Board

[Aim Or Bust]

Gun Shy...

I have 100% cash in my account. I have scoped out a couple of sector funds that I think have a prospect for long term growth. (Global sci & tech, and canadian natural resources) with the volatility I need to AIM it.

The resource fund is about 30% off from its highs, while the sci & tech fund is 80-90% off its highs.

The idiot wave is saying 20% cash reserve... BUT, given the recent history of the market, I am afraid that it will keep going down.

So, is it wrong to start an aim account now is it safe?

I guess I could start with 50% cash reserve, that should give me lots of leg room, but if the market continues to fall, that 50% could get eaten up pretty fast.

How do you buy from the scared when you are afraid? LOL