Last Friday, December 1, we surveyed our members with the two issues below.
Poll results
1. Select which option best describes you. |
|
| I am a do-it-yourself (DIY) investor. | 45.90% |
| I am a do-it-yourself (DIY) investor and I use the services of an advisor as well. | 40.50% |
| I have a financial advisor manage my investments entirely. | 13.50% |
2. Given the negative impact on the economy caused by COVID-19, will you change the way you invest? |
|
| Likely | 21.60% |
| Unsure | 16.20% |
| Unlikely | 62.20% |
Our comments are below.
Concerning DIY investing, advisers need to buy groceries and pay the rent. After expenses, very few of them can equal the S&P 500 over the course of a decade. Equalling the S&P 500 is something that most of our members can teach a high school student to do.
Please review our post on Standard and Poor 500 vs Active Investing (SPIVA).
Concerning the way we invest, the Monday Morning Program needs no adjustments.
Historically, over the long term, properly selected market index exchange-traded funds, held in tax-advantaged accounts, have been the investor’s best way for growing savings and are likely to remain so for many years. This describes the Monday Morning Program.
A sincere thank you to all who participated.
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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