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 […]
First, if you have not rebalanced your core portfolios recently, consider doing so anytime now. As you can see in the chart above, the S&P 500 is down 8.00% for the month ending on May 6. The TSX is down 5.5%. Bargain territory! Interestingly, many papers which deal with rebalancing to a selected asset allocation […]
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 […]
In her core portfolios, our fearless, intrepid investor had a 50/50 asset allocation between S&P 500 and TDB166. TDB166 is a US dollar-denominated money-market fund. She recently sold all her TDB166 shares. She then converted these US dollars to Canadian dollars. The objective here was for her to buy guaranteed investment certificates (GICs). These are […]
Timothy’s contact info: (416) 520-7420, timothy@roicorp.com Last Saturday, Timothy Brown and I discussed a succession plan for me as CEO of the Monday Morning Millionaire program. He and I started this program together in November 2017. Soon after, he had to bow out because of demands that arose and needed his attention. He now […]
Last week, the market went up 0.4%. Since our fearless, intrepid investor has a 50/50 asset allocation (50% SPY and 50% TDB166) she made 0.2% last week. Meaningless! Investors need a long-term mindset. Twenty years from now, SPY will most certainly be up, similarly, 10 years from now and likely five years as well. Writing […]
You will (almost) never hear a Wall Street firm state that the market is overvalued. Wall Street makes more money promoting a positive outlook even if it is incorrect. Over the last three years, US market returns averaged over 25% annually, not adjusted for inflation. (26.89% in 2021, 18.40% in 2020, 31.49% in 2019) Over […]
Most risk is in price. If the cost of a security is low enough, investors reduce the risk of ownership. They can still lose; the price can go lower, the security can fall out of bed. Taleb’s Turkey. All risk arises from ignoring one of more of the six habits which the Monday Morning Program […]
S&P 500 total return (dividends + price change) 2021 29.41 2020 18.40 2019 31.49 Since the S&P 500 was launched in 1926, the average annual return has been between 10% and 11%. Is the total return of the last three years sustainable? According to the Buffet Indicator and the Shiller Index, the market is significantly […]
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 in […]