If you are considering selling or buying a dental, veterinary or optometry practice, a great next step would be to visit https://roicorp.com/store/ and get the appropriate (free) copy of Timothy Brown’s Profitable Practice.

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

According to the Harvard Business Review, the financial industry has ten times more psychopaths than the general population. That is 1,000% more. One in ten is equal to Bernie Madoff, although many cannot match what he did.

Elizabeth Holmes is the most recent example of psychopathy revealed.

Writing about  The 100 Most Influential People for Time, in a 2015 article, Henry Kissinger described Holmes in glowing terms – “transforming health care”,  “making a difference”, “striking”,  “ethereal” (too good for this world), “iron-willed”, “fierce”, “single-minded dedication”, “great charm” and more.

It is easy to see that Kissinger is better at committing war crimes than he is at judging people. He is not alone. Like Madoff, Holmes fooled many prominent people who bought $9 billion worth of shares in her company, Theranos.

Did she fool Warren Buffett?

No, she did not. In the 2016 shareholders’ meeting, Buffett noted that the Theranos star-studded board of directors had no business people. He was not interested in investing in the company.

Did she fool us, Monday Morning members?

No, she did not. We don’t pick individual stocks in our core portfolios. We invest in the American economy as a whole by buying exchange-traded funds which track the S&P 500 – effortless, evidence-based, effective.

Note the Taleb’s Turkey appearance of the chart.

Where is the habits of the Monday Morning Program, luck hardly matters.

Good luck!

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

All of our members and subscribers are, or plan soon to become investors. All of us have had experiences, both positive and negative, that have served us well by increasing our investing knowledge.

This is a call for papers.

Please share your experiences with the rest of us by emailing them to me. (milan@drmilan.com) Use any word processor. We will publish your name using the Chicago style format or if you prefer, we will publish your submissions anonymously.

The only requirement is that the submissions be interesting and under 500 words in length. We will edit them for grammar, spelling and style.

We look forward to hearing from you.

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

We all have friends and relatives for whom it is difficult to buy – they have everything they want or need.

Our 90-plus-year-old member Roy Brown, Founder of ROI Corporation (www.roicorp.com) has solved this problem. He gifted the 1-on-1 sessions to his 10 grandchildren, all grown adults.

All investors have made investment commitments which they regretted. Every one of these commitments was a result of ignoring one or more of the six habits which the Monday Morning Program promotes. All future investment mistakes will similarly be a result of ignoring one or more of these habits.

Consider gifting 1-on-1 sessions to friends and relatives who have everything they want or need. They will remember you as long as they are investors.

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

One of our members is Timothy A. Brown, CEO of ROI Corp. It is Canada’s oldest and largest professional practice appraisal and sales company, imitated by all the others. In 2021, Timothy released the 7^th revised edition of his book Profitable Practice – Why a Dental Practice is an Exceptional Investment.

Timothy has also published a Veterinary and Optometry edition of the book. If you know a Dentist, Veterinarian or Optometrist, feel free to order a free copy and gift it. To arrange delivery of your free book click here: https://roicorp.com/store/

It is an excellent way for you and other recipients of this book to start the new year.

Now, about our fearless, intrepid investor.

In 2021 she took a real beating writing (selling) covered calls on NVAX. She lost $65,700. The risk of writing covered calls entirely arises from the underlying security. Most experienced investors sell derivatives but they do so using a safe underlying security. For example, SPY,  or any exchange-traded fund which tracks the S&P 500 is good.

The one thing she did correctly is to do her writing in her “fun” portfolio. Like most departures from the six habits, it has not been a lot of fun, but it makes up a small percentage of her overall assets.

What did she do yesterday?

What did the United States gain from its 20-year involvement in Afghanistan? What did Afghanistan gain? What did Monday Morning members gain, if anything?

In an article published in January 1, 2022, the Wall Street Journal stated that since the September 11, 2001 attacks, the Pentagon spent $14 trillion on contractors providing weapons and personnel. Not counting the United States, that is more than the annual GDP any four of the G7 nations. (Canada, France Germany, Italy, Japan, United Kingdom, United States)

Over the last 20 years, trillions of dollars went to contractors – companies that are a part of the S&P 500.  The Monday Morning Program promotes investing in an exchange-traded fund which tracks the S&P 500.

Does the program support unethical investing?

Investing in narcotic operations is highly profitable and illegal. Investing in cigarette companies is highly profitable and legal. The annualized average return of cigarette company Altira Group (NYSE:MO), the best-performing stock on the market for nearly 50 years (from 1968 to 2017), was 20%!

Food (really, the abuse of food) is a leading cause of death in the developed world. The S&P 500 lists many food, beverage and restaurant companies. Should ethical investors avoid investing in the S&P 500?

Investing in the S&P 500 equals investing in the way the world works. Investing in the S&P 500 and its earlier equivalent has been the best way for growing savings over the last 200 years. It is likely to remain so.

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

Stock Pickers Are Struggling to Beat the Market

The above headline appeared in the December 31, 2021 issue of the Wall Street Journal.

The article stated: “Some 85% of active U.S. stock funds were on pace to underperform the S&P 500 this year.”

Looking over a time period longer than one year, the results are even worse. Few people achieve satisfactory investment results. For the reason why that this is so, go here and here and here.

That investors on the average cannot outperform investors on the average is a mathematical certainty. How could it be otherwise?

The fact that active stock funds get any subscribers at all, is testimony to the power of marketing. Their marketing states that they are pros and we amateurs need them. We wrote about that recently.

Stay with the Monday Morning Program and outperform the majority of pros. A high school student could learn the program in less than one hour.

Most “pros” would serve society better if they drove cabs or flipped hamburgers.

With the habits of the Monday morning program, luck hardly matters. Good luck!

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

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 overvalued.

Nearly 90 years ago, John M. Keynes famously stated that markets can stay irrational longer than you can stay solvent.  Today, markets are irrational on the upside. These days, Keynes might state that markets can stay irrational long enough for investors to make more money than they ever did before.

Given that there is more money in circulation today and interest rates are lower than ever before, one could argue the markets are not irrational.

Many of our members have a 50-50 asset allocation with 50% in an exchange-traded fund tracking the S&P 500 and 50% in money or near-money. If investors simply maintained that asset allocation by rebalancing every time the market dropped by 5% or rose by 10%, they would have achieved the same result with half the fluctuations, that is, half the risk.

Feel free to call me (705-441-4566) if you want to review the above.

With the habits of the Monday Morning Program, luck hardly matters. Good luck!

___________________________________________________________________________________

We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

The central tenet of this post is that if you study and thoroughly memorize any or all of the nearly 2 billion hits that an internet search for “stock market predictions for 2022” produces, you will be no further ahead in investing than if you read none of them!

New members, welcome! It will worth your time to read what we wrote about stock market predictions previously. Established members, you might want to review that post.

60% or more of what is written in articles and books is filler material. Our posts have 0% filler material. We don’t talk about how we value your time; we act that way.

For time well spent, study or review our investing method.

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We have designed the Monday Morning Millionaire Program to offer abstracted investment education. Over the last two decades, the program has outperformed over 90% of portfolios, including professionally managed ones.

The program does not provide any investment advice or endorsements.

Members can read our posts in less than five minutes. Following and studying the links embedded in these posts would take longer. How members manage a post depends on their level of interest and investing knowledge.

Next, members should know about Dr. John Schwerer. About a year and a half ago, he had a $20 million portfolio. It’s now stands at over $40 million!   Dr. Schwerer has generously offered to speak with anyone interested. (772-216-3390)

Now, our book review. A PDF of The Psychology of Money is available at no charge. This post is a review of one key feature. For a detailed review taking 10 to 12 minutes to read, go here.

The bottom line of this highly regarded book is that financial knowledge and training do not guarantee success in investing. To that we add that neither does hard work. See here also.

As examples, the book mentions a gas station attendant and janitor who left an $8 million portfolio when he died at age 92 and a Harvard-educated finance executive who went bankrupt, his education and occupation notwithstanding.

You will enjoy reading the book, but if you don’t have the time, read the review.

With the habits of the Monday Morning Program, luck hardly matters.

Good luck!
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