Time to re-balance portfolios? Low cost, high quality, great service?

At the closing bell on Monday, March 7, the S&P 500 dropped 9.18%, year-to-date. SPY, which tracks the S&P 500 precisely, is an increasingly greater bargain. If you have not re-balanced your core portfolios to your personal asset allocation (mine is 50% SPY  and 50% TDB166, a money market fund), consider it at this time. Call me (no charge) if you want to go over this. (705-441-4566)

Also, if you have not seen it, take a look at our one minute mutual funds video. I promise you some surprises.

Now, today’s message.

A one-minute TV commercial used to cost $1 million. Now, you can create it at home at a cost so low that you can ignore it. Low cost, high quality, great service — only two of the three are possible. That certainty is becoming history. Computers and robots are increasingly making all three possible in many areas.

Before Charles Schwab started his discount brokerage in 1972, stock market transaction costs were directly connected to the size of the trade. Transaction costs often were in the hundreds of dollars. Investors paid close attention to these costs. Today, US brokerages don’t charge for stock market transactions.

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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