BOOK REVIEWS 4 of 11
2 of 6 people found the following review helpful:
Most valuable book on my bookshelf, April 25, 2004
Reviewer: A reader
I used A.I.M. and doubled a $5K portfolio within 2-years.
5 of 8 people found the following review helpful:
Its a shame more people don't know about this book........, February 18, 2004
Reviewer: "billsclater" (Japan) -
Its a shame about the title, it sounds like a book you'd find
in the Supermarket right next to the TV Guide. (No offense TV guide!). But don't let the title put you off, its a very entertaining and informative book about trading.
There are alot of trading techniques around - Alexander Elder's "Elderay", William Dunningham's "One Way Formula" and so on. The technique Lichello designed is called AIM.
(Automatic Investment Management).
Despite the title of the book, AIM is not a 'get rich quick scheme', its a 'get rich slow scheme'
Its really very simple, obvious, and pure genius.
And it 'will' make you money in the long term, in a bear market, a bull market and especially in a choppy volatile market.
Basically AIM is a system that DOES NOT try to predict the future
or BUY at the TOP, and SELL at the BOTTOM. If the price goes up
relative to your original investment you sell. If it goes down, you buy. (Its tweaked with some basic arithmetic to time when
the buy and sell signals come.)
Unlike other systems, AIM doesn't require to gamble ALL of @your readies.....you only spend 'some' of your money on stocks, and keep the rest in your pocket.
If you read any other book on trading for example by Elder, Turner or Engell, you'll find in the introductory chapter, that you have to read a "library of other books" on trading. Books on the basics, books on fundamental analysis, books on technical analysis. Very dry...YADAYADAYADA.......... NO THANKS!!!!!!!!!!
Lichello's book is self contained, its a read it and do it book, and its very entertaining and FUN to read!!!! Because AIM itself is so simple, there's lots of room in the book for exmaples and stories..you'll enjoy reading it, and find yourself nodding in agreement with some of the truisms about money, work, life and investment..........
You know its only $6, do me a favour and read it! You won't be
disappointed!
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