Monetta Core Growth Fund renamed Monetta Young Investor Growth Fund (MYIFX) WHEATON, IL.—April 29, 2021. Monetta Financial Services, Inc. (“Monetta”) announced today two changes to the Monetta Core Growth Fund (MYIFX). On April 30, the fund’s name will become the Monetta Young Investor Growth Fund and its minimum initial investment will lower from $100 to $25 with an automatic investment [...]
April 1, 2021 This quarter our Featured Article, “Bitcoin…Is It Rat Poison or the Best Idea since Sliced Bread?” looks at two critical things that are crucial in understanding bitcoin. This quarter’s Successful Entrepreneur is Sophia Amoruso, a wanderer and drifter in her youth that went from working at a fast-food restaurant to building a $100 million dollar clothing company, Nasty [...]
By Robert S. Bacarella | March 25, 2021 With all the hype about bitcoin, many people are wondering if they should use and/or invest in it. The first thing to understand about bitcoin is that no government is “backing” bitcoin. It has value if and only if people want it. The second thing to understand is bitcoin’s supply is [...]
By Robert S. Bacarella | February 25, 2021 Recently, the sleepy videogame retailer GameStop went on the ride of its life. A band of Reddit users, led by Robinhood retail investors, started a buying panic as institutional investors were forced to buy back shares that they sold short, expecting the stock price to go down. A “short position” is [...]
By Robert S. Bacarella | January 5, 2021 Just like blowing up a balloon, a market bubble starts off small and gradually increases in size with the rapid escalation of stock prices. And like Glinda in her floating bubble, a market bubble draws many people to it. A market bubble involves a lot of people—with their hopes and dreams—crowded into a space that’s way too small to accommodate [...]
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January 1, 2021 This quarter our Featured Article, “Is the Market Bubble similar to Glinda’s Bubble in the Wizard of Oz?”, explores timing of a market bubble and why we shouldn’t panic once the bubble has burst. This quarter’s Successful Entrepreneur is Kevin Plank, a high school football player who later founded Under Armour. His believes that if you [...]
Like the “Jelly of the Month Club” in the movie National Lampoon’s Christmas Vacation, a gift that may "keep on giving”Wheaton, Ill.—Nov. 30, 2020. Monetta Financial Services, Inc., adviser to the Monetta family of mutual funds, announced today a limited-time holiday gift matching program designed to help families.“In the movie National Lampoon’s Christmas Vacation, Clark Griswold receives the “Jelly of [...]
By Robert Bacarella | November 23, 2020 This December, Monetta is offering a special, limited time holiday gift-matching program for families. In the movie National Lampoon’s Christmas Vacation, Clark Griswold (played by Chevy Chase) is expecting his yearly Christmas bonus, which he desperately needs to pay for a swimming pool for the coming summer. When the bonus envelope arrives, [...]
By Robert Bacarella | October 16, 2020 Building wealth is similar to rolling a snowball down a mountain slope: the higher you are on the slope, the more time it has to grow. You’ll never be higher on the slope than you are right now! Here’s how to start. First: Open a checking or savings account if you don’t [...]