A.I.M. Users Bulletin Board

[Neil Scott]

Book Conclusions,
Hi all out there that have read the "Brainwashing of the American Investor" book.
What conclusions did you draw from it in relation to AIM.
From what I have read so far it sounds like he got underway trading his account using these methods at around the same time that Mr Lichello published his book for the first time.
I find it odd that he pummels Wall Street mercilessly but then advocates a "real" broker as opposed to an online broker which these days are straight through anyway.
All I have ever had with real brokers is trouble, usually by undermining my decisions or not carrying out instructions properly.
I also find mountains of information on the Etrade website which I use so there is no lacking there.
I'm not keen on his method of selling his entire position at only 10% above breakeven. On small holdings this is not much meat on the bone.
By selling only a portion of the position and letting the balance ride at least you get to participate in an extended rally.
One thing I have to look into more is the Bond side of the equation to get increased cash flow to fund the positions.
Other opinions would be good to hear.

Regards

Neil