Happy Anniversary everybody! That is, the anniversary of the 1,000-pt intraday loss on the Dow Jones. It’s been an interesting 365 days to say the least. On a happier note, today is also my brother Casey’s 23rd birthday! Here’s what I’ve been reading this morning: ‘Are Low Yields Really Responsible For Low Vol’s Success?’ – Continue reading…
How We’re Different.
How We Manage Wealth.
Mullooly Asset Management cannot promise you results. But we can guarantee your financial fortunes will move in lockstep with ours for whatever period of time you elect to trust us with your financial future. This is because we work on a fee-only basis with our clients. We have no interest in selling proprietary products, generating lots of commissions or other means of gaining an “edge” over our client.
And when we make bad investments (which happens periodically), our fee-only approach means we also suffer alongside our clients.
What we won't do is let emotions or panic drive our decisions. We know the daily fluctuations of the markets are what test the best intentions of investors. This is why we invest a great deal of time in studying point and figure charts. These charts (originally designed by Charles Dow in the 1880's), are useful in helping us determine "what's in demand" and "what's in supply." Simple concepts like supply and demand DO work on Wall Street.
As investment advisors, we have a fiduciary obligation to our clients who have committed the growth of their net worth to our care. We take this obligation seriously. We emphasize keeping your costs low: we employ discount brokers and look for cost-efficient ways to invest.
We focus on risk management, on knowing your goals, on measuring your appetite for volatility -- and then matching these with an appropriate mix of investments for you.
Here’s what I’ve been reading this morning: ‘Short-Termism and the Olympics – Why The Decathlon Is Superior To The Sprint’ – Cullen Roche – Pragmatic Capitalism ‘Why Smart People Can Be Poor Investors’ – Seeking Alpha ‘Are You Smarter Than An Algorithm?’ – Ashley Kindergan – The Financialist ‘The United States Of Market History Amnesia’ Continue reading…
It’s remarkable to think that the anniversary of the 1,000 point drop in the Dow Jones on August 24, 2015 is just two days away. The market certainly has a different outlook now compared to then. Not just in the markets, it really is crazy how much can change in just a year. Here’s what Continue reading…