03/05/2019 Time spent on managing portfolio. Survey results

Maximum Efficiency with Minimum Effort

Average response rates to surveys are 10% – 15%.   A remarkable FORTY EIGHT PERCENT of our members responded to this survey!

The table below shows the age distribution of the respondents.

Age

30 or younger 30 – 50 50 – 70 Over 70 Retired
5% 38% 42% 9%

6%

The Monday Morning Millionaire Program needs to attract more younger members, the group which would benefit maximally from our philosophy.  We are working to develop ways to attract them to our program.

Weekly time spent managing portfolio

15 minutes

One hour or less

Five hours

37%

45%

11%

Our satisfaction survey results show that the majority of our members feel that they are better off for adopting the Monday Morning Millionaire Program investing philosophy which is based on the habits of highly effective investors. Habit number six is the avoidance of complexity. Over 80% of our members spend less than one hour a week looking after what is likely their biggest asset. They understand the value of avoiding complexity.

The 11% of members who spend more than five hours enjoy the process which makes it easy to understand why they spend so much time at it.

In future blogs, we will comment on respondents’ comments.

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me