With the current high market volatility, investors who write covered calls on the S&P 500 (symbol SPY) are earning over $1,100 per week, per $100,000 invested. For details, call 705-441-4566. This will not last.
Now, on another issue…
Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era…
…states a Wall Street Journal, Sunday, May 17, 2020 headline.
From its founding in 1965 to the end of 2018 Warren Buffett’s Berkshire Hathaway (symbol BRK) had an unbelievable compound annual growth rate of more than double that of the S&P 500!
For a long time now, the 90-year-old Warren Buffett and his 96-year-old partner Charlie Munger have been saying that the BRK performance is unsustainable. It is far easier to do well managing a portfolio of a few million dollars than it is to do well manage one of tens of billions of dollars.
The chart below, the year-to-date performance of BRK and SPY shows how right they were.
And the chart below shows the year-to-date performance of a typical Monday Morning Millionaire (MMM) portfolio compared to SPY as well as the Toronto Stock exchange index (symbol TSX).
Smaller — easier to manage well. Will MMM portfolios continue to outperform?
The six habits of Monday Morning Millionaires strongly suggest that the answer is “Yes”.
And the cost of membership? About the price of a nice dinner for two.