Monday Morning Millionaire Blog
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Are You Ready to Become a Confident and Successful Do-It-Yourself Investor? Studies show that DIY investors make more than twice as much as investors who rely solely on financial advisers/planners to buy and sell stocks, most mutual funds and life insurance policies. That's why we created Monday Morning Millionaire.
Monday Morning Millionaire Blog
1M ago
Rosi and I held nothing but SPY in three portfolios. We wrote covered calls on these. We were assigned yesterday, and we were fully in cash yesterday. In a rising market, cash is trash. In a declining market, cash is king. Here is what Rosi and I plan to do when the market opens today ..read more
Monday Morning Millionaire Blog
1M ago
Yesterday, February 10, 2025, SPY rose 0.7%. That was primarily due to Trump’s announcement of 25% tariffs on aluminum and steel imports. US aluminum and steel producers benefitted enormously, contributing to the rise in SPY. In the near future, we expect volatility. Furthermore, the market is greatly overpriced, and we can fully expect a correction ..read more
Monday Morning Millionaire Blog
1M ago
The United States’ national debt now exceeds$36 trillion – the highest in history. What does this mean to you and me? Borrowing to acquire an appreciating asset makes sense. Houses are an example in most cases. Another example is the stock market when it drops into bargain territory. Professional violinists who buy the right kind ..read more
Monday Morning Millionaire Blog
1M ago
A fun portfolio consists of buying individual stocks in an attempt to outperform the market. Palantir Technologies (PLTR) rose 21%; 4th quarter earnings exceeded analysts’ expectations. It is a good momentum investing security. Momentum investing relies on the fact that a trend is more likely to continue than it is to reverse itself. Note, however ..read more
Monday Morning Millionaire Blog
1M ago
During any 30-year period, the American economy, as represented by SPY, an exchange-traded fund mirroring the S&P 500, which itself is a good representation of the American economy, has gone up about 1,000%. During the same period, the average mutual fund investor made less than 250%! Where does the difference go? Top-earning professionals such ..read more
Monday Morning Millionaire Blog
1M ago
Call me if you want to discuss this. (705-441-4566) Wall Street is optimistic about Trump’s pro-business stance. We have stated this many times previously, and we are saying it again: the best, safest way to earn money in our accounts is to write (sell) covered calls or cash-secured puts on the US economy as represented ..read more
Monday Morning Millionaire Blog
1M ago
Generally, economists think that tariffs are not good for promoting economic efficiency and our welfare overall. Trump seems to be unaware of that. Almost all countries have mandated that nothing but electric vehicles be sold soon in their countries. Why? The list of problems associated with internal combustion (ICE) vehicles is long. Here are ..read more
Monday Morning Millionaire Blog
1M ago
Two days ago, Rosi and I earned $105.00 per contract writing covered calls on SPY fist thing in the morning, expiry date at the end of the same day. We have enough SPY shares to be able to live comfortably on that income. Look at our previous posts dealing about what to do in any ..read more
Monday Morning Millionaire Blog
1M ago
Call me if you want to discuss this. (705-441-4566) Wall Street is optimistic about Trump’s pro-business stance. We have stated this many times previously, and we are saying it again: the best, safest way to earn money in our accounts is to write (sell) covered calls or cash-secured puts on the US economy as represented ..read more
Monday Morning Millionaire Blog
2M ago
Call me if you want to discuss any of this. (705-441-4566) The picture shows the 5-inch high car window breaker and seatbelt cutter I recently got. Consider getting one. We hope that we never have to use it, but it has saved many lives when cars roll over and you can’t open the door or ..read more