For several years now, I have had a $US100,000.00 standing bet payable by the loser to the winner’s favorite charity claiming that observing the six habits of Monday Morning Millionaires will outperform any other investment over the course of a market cycle (peak to trough to peak), after fees. This is passive investing and needs very little time to manage. Still waiting for takers.
Over the course of a market cycle, investing within a regime of the six habits of Monday Morning Millionaires will outperform over 95% of portfolios including professionally managed ones. That is done by investing in the S&P 500 index which is made up of the largest 500 US-headquartered companies. It mirrors the performance of the US economy, the strongest economy in history.
The above paragraph is as close as to guaranteed as any statement that one can make in this uncertain world of ours. Over the course of a career, this way of investing will virtually ensure a comfortable retirement allowing investors to maintain their career lifestyle into their retirement years.
So, what are the six habits of Monday Morning Millionaires?