The Monday Morning Millionaire Program is fundamentally a passive investing strategy that encourages members to buy the American economy as a whole by investing in an exchange-traded fund (ETF) which mirrors the S&P 500 which itself is an excellent proxy for the American economy. Of the thousands of ETFs available to investors, only a small number tracks the S&P 500 index. The market symbols of good examples are SPY, VOO and IVV.
The Monday Morning Millionaire Program recommends that this strategy be based on a sensible asset allocation background.
Over the past few days, these ETFs have been dropping with a decline of 3% to 4% last Wednesday alone. The tech sector which now is the biggest single contributor to broad market indices was hit particularly hard. Generally, stock market investors are unhappy. Monday Morning Millionaire Program members are perfectly comfortable with the markets dropping. In fact, they would like to see an even greater decline.
Is it time to be getting out of the market? Will the decline continue? “I don’t know” is nearly always the right answer to these questions. Monday Morning Millionaire Program members don’t really care.
Let us see that again. Monday Morning Millionaire Program members would like to see a greater market decline? They don’t care if it is time to be getting out of the market? They don’t care decline continues? How is that possible? How have Monday Morning Millionaire Program members done over the course of the last decade with that attitude?