Given today’s unprecedented low interest rates, it is almost impossible to build up an adequate retirement fund by saving alone. We need to invest. Historically, over the long term, properly selected US market index exchange-traded funds, held in tax-advantaged accounts, in an appropriate asset allocation, have been the investor’s best way for growing savings and […]
1. There are tens of thousands of professional money managers. Statistically, a handful of them have been successful by pure chance. Which ones? I don’t know, but I bet a few are famous. 2. On that note, some investors who we call “legendary” have barely, if at all, beaten an index fund over their careers. […]
One of our followers recently stated that our posts have a lot of redundant content. They don’t bring something new that isn’t already on the site but just more of the same. The reason why that is true is that our evidence-based message is as simple as it is effective. It encourages the development of […]
Studies show that nearly all money managers, financial advisers and individual investors think they are above average. Is that mathematically possible? No need to comment. As the chart above shows, the average investor earns less than a half what the market, as shown by the S&P 500, delivers. It’s also well known that after fees, […]
Our fearless, intrepid investor lost $65,700 in 2021, writing (selling) covered calls on Novavax (NVAX) in her “fun” portfolio. She is in good company. Over the last three years, fund companies have launched over 120 exchange – traded funds (ETFs) that sell covered calls. In raising markets such as we have had now had for […]
We published the post below previously. We are re-publishing it to draw new members’ attention to the content. A review by longstanding members would also be helpful. ___________________________________ January 29, 2018 Definitions are easy to come by in the Internet age. Investopedia defines a fiduciary as a person or organization that owes to another the […]
The above chart was recently published by S&P Dow Jones Indices. Not news to Monday Morning members, it supports the second of the six habits of Monday Morning Millionaires, namely, be a self-directed (do-it-yourself investor). Certainly, money managers can equal the S&P 500. After all, we can teach a high school student how to do […]
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