Journey Beyond Wealth's Chris McCall included Monetta's newsletter, games, and other educational materials in his list of “5 great resources to help your children learn about money and how to make smart financial decisions,” posted in Sept. 2021. . McCall titled his article “The Second Most Important Thing You Can Teach Your Children or Grandchildren” and asks some [...]
July 1, 2021 This quarter our Featured Article, “'Congress...We have a problem.' Debt is out of control!” examines the government's budget and how it handles its rising debt issue. This quarter’s Successful Entrepreneur is Rose Blumkin, also known as Mrs. B, a Belarusian immigrant who ran a used clothing store with her husband before borrowing $500 to open the largest [...]
By Robert S. Bacarella| June 29, 2021 When the “check engine light” in your car flashes on, you know you have a problem that needs to be addressed. In many instances the light may not indicate a serious problem, but you have to determine what’s behind the warning or face potential catastrophe. That’s the case for the stock market [...]
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 [...]