Monday, June 26, 2023. How our fearless, intrepid investor made out last week and what she will do today

When she was assigned on Friday, June 16 she should have stayed entirely in cash. Over the long run, cash loses its purchasing power at the rate of inflation. However, it is the best place to be in a declining market.

In a rising market, simply holding a security will produce better results than writing covered calls on it.

Having misread the put/call ratio prediction, our fearless, intrepid investor bought as many shares of SPY while maintaining her 50/50 asset allocation. The market continued to decline so did her portfolios.

How bad is that?

What will she do when the market opens today?

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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