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 [...]
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 [...]
By Monetta Financial Services, Inc. | September 11, 2020 Welcome to our newly redesigned website! Our focus on commonsense investing and financial literacy has led us to build a site unlike many in the mutual fund industry. We are confident you'll come away having learned basic financial concepts in a fun and engaging way. Our Monetta MoneyTalk section features insights [...]
By Robert S. Bacarella | June 24, 2020 “A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.” – Wayne Gretzky Even many non-sports fans are familiar with hockey legend Wayne Gretzky’s famous quote about playing “where the puck is going to be.” What would playing “where the [...]
By Robert S. Bacarella | May 12, 2020 Before putting your tax refund into the market, first establish an investment objective. That’s even more important than the timing or shape of the market recovery, when it comes. Without an objective, an investor is like a traveler without a destination. For example, say your objective is long-term savings for retirement. [...]
By Robert S. Bacarella |April 27, 2020 “Don’t you see what’s happening? Potter isn’t selling. Potter’s buying! And Why? Because we’re panicky and he’s not. That’s why. He’s picking up some bargains!” – George Bailey, “It’s a Wonderful Life” (1946) Next year marks the seventy-fifth anniversary of Frank Capra’s “It’s a Wonderful Life,” starring Jimmy Stewart as George Bailey, [...]
By Robert S. Bacarella | March 12, 2020 The current market condition reminds me of Rocky Balboa’s face during his fight against Drago in Rocky IV…bloody, bruised and broken. The recent market beating is at the hands of the coronavirus and the chances don’t look good for avoiding a further beating and a final knockout punch. But remember what [...]
Mutual Fund Observer editor David Snowball included the Monetta Core Growth Fund (MYIFX) in his list of “20 Equity fund with the best capture ratios over the entire market cycle,” posted in Feb. 2020. . Snowball titled his article “Biggest Bang for Your Buck” and explained why in his opening paragraphs: “Capture ratio is a sort of “bang [...]
Dear Fellow Shareholders: I am pleased to enclose your Fund’s annual report for the year ended December 31, 2019. To the surprise of many investors, the stock market had a banner year in 2019, posting its biggest gain since 2013, as the S&P 500® Index rose 31.49%. The stock market was buoyed by moderate economic growth, low inflation, better-than-expected corporate [...]
By Robert S. Bacarella | February 3, 2020 Tesla is a controversial stock, as reflected by the range of Wall Street analysts’ price targets—from $190 to over $800. This valuation range is about twice that of the average stock in the Dow Jones Industrial Average. Some analysts believe that Tesla’s bull run is just beginning, while others think it [...]