Replies to post #33578 on A.I.M. Users Bulletin Board (AIMUSERS)

[AIMster]

Probably managing a mutual fund would prove far more frustrating than my "dream" of it!

Tom,

And anyone else, for that matter - if you'd like to have a go at doing just that with running a virtual mutual fund, check out marketocracy at http://marketocracy.com With a free registration you can set up and manage your own mutual funds. They also have you work within constraints as real-world fund managers have to contend with. Further the best ideas are incorporated into a fund that they actually run.

Have fun.

Best,

AIMster

[The Grabber]

Hi Tom. Herds and such...

I agree with essentially everything in the article. It wasn't clear as to how the herd mentality would improve one's stock selection, however.

I think it was saying that there were 'gems' to be found (selected). Not how to identify them.

I would love to have the time and asset base to build a really large, dynamically managed (AIM), well diversified mutual fund out of individual stocks. I think it could easily out perform the majority of mutual funds and probably out-perform the indexes, too.

I thought that's what I was doing! :-)

It's that darned starting asset base. But I'm getting htere...

[Toofuzzy]

Hi Tom

I have had the same thought as you in starting my own mutual fund.

1) I thought of contacting AIM funds (they have the right name) and proposing the AIM AIM fund

2) It would have to be a CLOSED END FUND (for the reason you mentioned ... avoid redemptions)

3)I would divide the market in to sector the # depending on the size of the fund

4) I would want one stock analyst as an employee of the fund to pick the best stock in each sector to AIM and to advise switching to a better stock within that sector as needed.

Toofuzzy