Avg. Customer Rating:(based on 68 reviews) Sales Rank: 138341 Category: Book
Author:Robert Lichello Publisher:Signet Studio:Signet Manufacturer:Signet Label:Signet Languages: English (Original Language), English (Unknown), English (Published) Media: Paperback Number Of Items: 1 Pages: 320 Shipping Weight (lbs): 0.3 Dimensions (in): 6.7 x 4.1 x 1
AIM is Outsanding! November 27, 2006 5 out of 5 found this review helpful
I've tried real money trades on dozens of stocks using AIM. The profits were exceptional, some reaching more than 300% in a six month period.
After spending 2 years testing literally hundreds of trading systems using real money, I have now gone back to AIM. It's definitely the best.
So enthused by Lichello's work, I created a new algorithm based on AIM which is easier to use and increases profits by 266% but maintains the same level of safety. I have now gone on to use it with more volatile, higher margin investment vehicles with results beyond my wildest dreams.
Thank you, Mr. Lichello. You have changed my life forever.
Lichello's AIM comes of age in the era of tax-deferred investing October 19, 2006 5 out of 5 found this review helpful
Now that we've entered an era where vast portions of the public are involved with stock ownership through mutual funds held in tax-deferred accounts this money management system looks better and works better than it may have for ownership of individual stocks in taxable brokerage accounts. The new mutual fund investors are making the mistake of not raking in profit as they go, losing opportunities for better long-term yields, and this classic method can solve that problem.
The legions of AIM students have discovered over time some of the defects in Lichello's original AIM formulas, such as holding on to too many shares as share prices appreciate in the stratospheric ranges of 200+%, but the beauty of applying his classic system to nontaxable mutual fund investing is that it doesn't matter as much--the built-in diversification of funds, the free switching factor, and the long-term view of retirement accounts cushion against most systemic distortions or market downturns while using this method.
The clever investor may soon realize that there are simpler ways of applying progressions to decision-making about how to harvest upside profits or do downtrend buying, but to novice investors classic AIM in its 3 flavors works very well indeed for the new retirement accounts.
For ideas on how to use Lichello's AIM-like thinking with payroll deduction in addition to the TWINVEST described in this book, consult his other work on SYNCHROVEST.
Simple system just as good December 11, 2005 9 out of 15 found this review helpful
Interested in saving $6.99 which is the cost of this book? Do the following:
1. pick stocks that have a history of cyclical price changes. recurring ups and downs work best. 2. buy when price moves above 50 day moving average; sell when price falls below 50 day line. 3. repeat step 2. 4. its not perfect; but what the hell is?
AIM and the fortune teller October 7, 2005 14 out of 15 found this review helpful
Ever read a disclaimer "past performance is not indicative of future results"?? duhuhh! Obviously!! Don't find many fortune tellers on Wall Street! Read Mr. Lichello's book 6 years ago, and YES it was wordy and it was a laborious, arduous and painstaking process going through it.. But I'm glad I did coz if my past performance is any indication of the future than I know two fellas up in the sky smiling down at me as I laugh my way to the bank...every month! AIM works! In fact it works brilliantly (I didn't make a million bucks.. I made TWO! and that too in less than 6 years!) THANK YOU MR. LICHELLO may you rest in peace and may God give you special privileges! The only reason I've given it a 4 stars is coz it doesn't come with software to handle the complex portfolios. Converting the AIM algorithm to spread sheets with all the bells and whistles that I need was even more of a laborious job than reading the book and as some Spread sheet gurus pointed out "couldn't be done coz of Excel's limitations" Well they were right.. some things cant be done in Excel ! Anyway, here's the secret: go for stocks or funds with crazy beta's (that's the key) difficult to find but then you have to work for the million...but not too hard as AIM will do the rest.!
A Few Limitations of AIM September 3, 2005 18 out of 19 found this review helpful
I initially read the book in the library and then bought a copy. After wading thru the book, which is roughly 60% filler, I decided to keep an open mind and test out his ideas.
After I created my own Excel worksheet for using AIM (Automatic Investment Management), and did some back testing, I learned that AIM will NOT help you if your stock/mutual fund/ETF, over many months: (1) moves up [or down] in a straight line, (2) moves up exponentially, or (3) moves in a thin trading range. In order to get an excellent return, the ideal AIM stock/mutual fund/ETF movement seems to be like a high-frequency and, what I call, "violently cyclical" movement (i.e. up 150% or more [from the previous year, for example] on the up move and down 60% or more [from the previous year, for example] on the down move). While I'm not sure that any mutual fund has this kind of past movement, I don't think any ETF currently available has consistently shown this kind of movement and fewer than 2% of the top 3,500 stocks have in the past 10 years. (While these stocks can exist in several industries, the semiconductor industry appears to be a relatively fertile hunting ground.)
I have not come across any high-frequency, violently cyclical stock (or ETF), in back testing so far, from the period January 1991 to August 2005, that would have taken $10,000 and turned it into $1,000,000 or more, even before all costs. So the title of Lichello's book is misleading in that regard.
My back testing also showed that AIM didn't beat the S&P 500 (not counting dividends, taxes, commissions and interest for both investments) from January 1982 to August 2005, or from January 1991 to August 2005. AIM, under the same conditions as mentioned above, also didn't beat the NASDAQ Composite from January 1991 to August 2005. Having said that, I am willing to give it a shot using a small amount of money for a few months on some specific stocks to see how it goes.
