Writing in A Wealth of Common Sense, Ben Carlson is worth reading. In his Saturday, November 27 post, he states:
“Investing would be a whole lot easier if there were clearcut buy and sell prices that would alert you to the perfect time to enter and exit an investment.
“In lieu of a crystal ball, the best you can do to keep your sanity as an investor is to create some rules and boundaries ahead of time on your various securities, strategies and asset classes.”
Well, the Monday Morning method of investing has the rules and boundaries and eliminates these challenges completely.
Knowing that the money we will need in the next three years does not belong in the market, we decide on an asset allocation. We might want to change that occasionally — about four times in a lifetime of investing.
That alerts us to the perfect time to enter and exit an investment.
Concerning various securities, for the Monday Morning method of investing, that is not an issue. We don’t pick stocks; we buy the American market as a whole by investing in an exchange-traded fund that tracks the S&P 500.
A high-school student could learn the Monday Morning method of investing and outperform over 95% of managed portfolios, including professionally managed ones.
With the habits of the Monday Morning program, luck hardly matters.
We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.
The program does not provide any investment advice or endorsements.
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