At a Glance
Founded in 1984, Monetta is a boutique firm with several unique characteristics that set them apart from other mutual funds. We take a commonsense approach to investing, and it is our mission to make investing accessible to everyone.
We offer two funds, the Monetta Fund and the Monetta Core Growth Fund. The former offers a more traditional stock-picking fund focused on growth companies, while the Monetta Core Growth Fund seeks long-term capital growth by employing a symbiotic “passive/active” investment approach. Both funds offer a low minimum investment to open an account, making them an attractive choice for many investors.
Monetta is deeply devoted to promoting financial education and engagement among youth. We take a playful, informative approach as demonstrated in their robust offerings in the “Kids Corner” of the website including investing advice, newsletters, and games.
We are passionate about financial literacy for kids and helping families save for college as demonstrated through their partnership with SAGE–a unique private college savings program.
Robert S. Bacarella
Founder, President, and Portfolio Manager
Mr. Robert S. Bacarella is Founder and Chairman of Monetta Financial Services, Inc., a Registered Investment Advisor founded in 1984. He has served as the portfolio manager or co-manager of the Monetta Fund and the Monetta Core Growth Fund (formerly the Monetta Young Investor Fund) since the Funds’ inceptions. Before founding Monetta, Mr. Bacarella spent over 15 years with Borg-Warner Corporation, including in the role of Director-Pension Fund Investments. He received his Bachelors Degree in Finance and Accounting from St. Joseph’s College and his MBA from Roosevelt University.
Robert J. Bacarella
Vice President and Portfolio Manager
Mr. Robert J. Bacarella, CPA, joined Monetta Financial Services, Inc. in September 2008 as a security analyst and has been the co-manager of the Monetta Fund and the Monetta Core Growth Fund (formerly the Monetta Young Investor Fund) since December 2009. He has served as the firm’s Vice-President, Treasurer, Chief Financial Officer and Director since 2010. Prior to joining Monetta, Mr. Bacarella was an audit manager at MidAmerica Bank from 2005 to 2008. He was a senior auditor at JPMorgan Chase from 2002 to 2005 and at Ernst & Young LLP from 1999 to 2002. He received his Bachelors Degree in Accounting and Management Information Systems from Miami University and his MBA from DePaul University. He is a Certified Public Accountant.
Monetta Financial Services, Inc. is a boutique Registered Investment Advisor managing two no-load mutual funds. The Founder, Robert S. Bacarella, began managing a growth portfolio for a Fortune 500 company pension plan in the mid-70s. In 1979, Mr. Bacarella started an investment club that eventually grew into an investment partnership in the early eighties. In 1984, the partnership transformed into Monetta Financial Services, Inc.
In 1986, the flagship Monetta Fund was launched, which emphasized a growth-oriented investment philosophy.
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