It can work! I don't AIM ETF's or mutual funds...
I've figured for myself the best plan is to have some of each - both individual stocks and closed-end or exchange traded funds. That way I can catch both the faster waves of the individual stocks, as well as the tides of the funds. I think the key is diversification, so that no one loss will toss the baby out with the bathwater. Also, as I've mentioned of late I'm favoring dividend-paying instruments as they provide additional cash reserve as the stocks and funds lumber up-and-down in the hold zone without buying-or-selling.
Everyone has their own experience AIMing, and the experience I have had, has somehow left me with a sense that I am more comfortable AIMing individual stocks than mutual funds.
Well said and it's these boards that show just the incredible variety of variations we can each construct using a common tool.
Best,
AIMster