Over the last few weeks, we have had more new members joining us than at any other time. We want to welcome them and we want to thank all those who have granted gift memberships to others. As an introduction to new members, we present a summary of the Monday Morning approach to investing […]
Our members and subscribers who believe in our investment philosophy would have a 50/50 asset allocation between the US market as represented by the S&P 500 and cash or near-cash (give or take 10% or so in favor of one or the other). The S&P 500 can be represented by an exchange-traded fund (ETF) that […]
WHY DO WE KEEP GAMBLING ON STOCKS AND BONDS? Timothy Brown My amateur study of professionals at large who are typically high achieving and high-income earners reveals that we have a high tolerance for risk. There is no secret there, and researchers have been looking at that for a millennium. But why is it […]
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 […]
Owning a home is a part of the North American dream. That is not the case in many countries. Only 40% of Swiss citizens own their homes. The others rent. About 60% of Americans and Canadians own their homes. Most of the others hope to, in the future. The Swiss have a greater per capita […]
Our fearless, intrepid investor lost $65,700 in 2021, writing (selling) covered calls on Novavax (NVAX) in her “fun” portfolio. Attempting to outperform the market, “fun” portfolios ignore one or more of the six habits promoted by the Monday Morning Program. Most of the time, they are not much fun; they underperform the market. Last Friday, […]
Goldman Sachs headquarters in New York City. It owns several other similar buildings around the world. Yesterday’s Wall Street Journal had an article titled Wall Street Turns to Goldman for Banking’s Outlook Beyond Covid-19. Studying the article will not improve your investment results. The last of the Goldman Sachs 14 Business Principles states, “Integrity and […]
The risk/reward relationship is inescapable. The greater the risk that investors take, the greater their possible reward. Note the word “possible” and not “likely”. We have frequently shown the chart above which demonstrates that investing in equities has had the best return for over 100 years. That requires that investors have a long-run mindset. In […]
If you recall, in 2021, our fearless, intrepid investor lost $65,700 writing (selling) covered calls on Novavax (NVAX). She did in her “fun” portfolio, so while the dollar amount is significant, it is not a significant percentage of her stock market holdings overall. Since Morningstar has stated that NVAX is undervalued and continues to be […]
I had a one-hour one-on-one Zoom meeting with a new member recently. He was paying his financial advisor $20,000 annually. Of course, as members of the Monday Morning Program know, after fees, his financial advisor, like the majority of them, could not equal the performance of the market. Simply buying an exchange-traded fund that tracks […]