We frequently discuss the differences between brokers and investment advisors here at Mullooly Asset Management. Whether it’s in our posts, on our podcasts, or in our videos, you’ve likely heard our opinion before, and know that we’re fee-only investment advisors. To review, brokers are held to a standard of suitability, meaning they can put their… [Read More] Dually-Registered Advisors: The Quasi-Fiduciary
Zero Percent Financing Deals On this week’s Mullooly Asset Management video, I cover a basic financial planning topic related to credit. In the midst of the holiday season, all of us at Mullooly Asset thought it would be timely to discuss zero percent financing deals. A lot of big-ticket items like furniture, appliances, and TV’s… [Read More] Zero Percent Financing Deals: Too Good to Be True?
Having high cost debt is enough to financially cripple anybody. Sure, you’d like to upgrade from the iPhone 5 to the new iPhone 6 Plus, but do you need it? Probably not. I’d enjoy Met season tickets, but do I need them? Not in the slightest. In addition to not needing certain things, not being… [Read More] Avoid High Cost Debt, Especially When You’re Young
I read a really good post today written by Greg Harmon of Dragonfly Capital Management. It reminded me of something we say repeatedly on our podcasts, videos and posts: When the charts change, we will change. Greg’s post is all about the investing process. No matter what process means to you (fundamentals, technicals, etc.), the… [Read More] Playing By the Rules
A trend that’s been taking place for years now is lower overall costs for investors. This is a great thing. Whether we’re talking about lower trading commissions at discount brokers or lower cost funds like ETF’s, this is generally good news for investors. In fact, we may even see free trading become a real trend… [Read More] Free Trading: A Greater Temptation to Overtrade?
In the last week or so, I’ve read several articles about the downfall of A share mutual funds. If you don’t know what an A share mutual fund is, Tom and I have discussed A, B, and C share mutual funds in a previous podcast that you can check out here: https://mullooly.net/understanding-c-shares-what-you-need-to-know/7368 To briefly summarize… [Read More] Mutual Fund A Shares: On Their Way Out?