Yesterday was a big day for Mullooly Asset Management as a company. Casey Mullooly(@mullooly_casey), the 3rd Mullooly brother, passed his Series 65 exam and became the 4th adviser on our team here at Mullooly Asset Management. It truly is a blessing working side by side with my family every day, and it’s something very few 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.
I read an interesting statistic this morning. Goldman Sachs receives roughly an 8% weighting in the Dow Jones Industrial Average, which is made up of only 30 stocks. Over the last month (since the election) Goldman Sachs alone is up roughly 27%, while a handful of Dow stocks are underperforming the index or even negative Continue reading…
It’s an interesting time of the year. Most fantasy football leagues are starting their playoffs, and second-guessing owners are beginning to rip their hair out. Do they continue to run with the starting roster that got them to the playoffs? Or is there a hot hand on their bench, or perhaps waivers, that has a Continue reading…