Financial Resource Center
All-In / All-Out Doesn’t Work
Making “all-in” or “all-out” decisions in the market hardly ever works. In this episode, Tom explains why most long-term investors would benefit more from a 70/30 stock/bond allocation. https://tpmullooly.wistia.com/medias/ilybjczv6d?embedType=async&videoFoam=true&videoWidth=640 All-In / All-Out Doesn’t Work – Transcript Tom Mullooly: In episode 229, we talk about the one reason why all-in or all-out of the market hardly…
Charitable Contributions and the CARES Act
Charitable contributions can be a great thing for everyone involved. In 2017 alone, Americans gave $410.02 billion in charitable donations – accounting for 2.1% of the GDP. Making charitable donations can help fulfill your family’s moral values, but it can also play a significant part in lowering your taxable income. If you donated to a charity…
The Market Rotation of 2020
2020 was a strange year for the market. In this week’s podcast, we look at the market rotation that took place in the second half of the year that not many people paid attention to. We go through what worked this year, and how things line up for 2021. Show Notes ‘Updating My Favorite Performance…
Semper Gumby
A phrase we’ve adopted here in the office is “Semper Gumby”. It’s taken from the popular US Marine Corps motto “Semper Fi” that means ‘always faithful’, but in this case it means ‘always flexible’. We don’t know what the world and the market is going to throw at us this year. We need to remain…
Fixing Bad Financial Behavior
It’s one thing to know the X’s and O’s of personal finance, and the numbers of making smart money decisions. It’s a completely different thing to have the financial behavior skills to execute on that knowledge. Learning formulas and calculations is easy work compared to mastering your own behavioral biases, and emotions when it comes…
The Market Doesn’t Have Feelings
In the first episode of 2021, the guys discuss the changing landscape in Washington and how it could potentially impact folks financially. If 2020 taught us anything, it’s that we don’t know how the market will react to any headline story. Focus on what we can control, and let’s make 2021 a great year! Show…
What Can You Control?
In Ep. 227 of the Mullooly Asset Show, Tom gives viewers a strong message for 2021: focus on what you can control financially. There is PLENTY that goes on each day out of our control, but we can control a few VERY important things in our own financial lives. https://tpmullooly.wistia.com/medias/60bpmbcsjy?embedType=async&videoFoam=true&videoWidth=640 Show Notes ‘Keeping Your Cool…
6 Ways to Improve Your Finances in 2021
2020 is a year most of us would prefer to forget. When the year started, nobody expected the COVID-19 pandemic or the tough financial times for many that followed. Having said that, 2020 is now behind us! We are into the first few days of 2021, and it’s time to look forward. We have outlined…
Sunshine and Rainbows
At the present moment in time, markets appear to be all sunshine and rainbows. But there was no sunshine a few months ago. If we dial the clock back to March and April, I was mentally preparing to explain to folks how 2020 would be a “lost year” investment-wise. You can predict the narrative forming…
January 1st
What are you doing on January 1st? As a society, we talk about goals a lot. We talk about “start the New Year off right!” “Turning the page” and “setting new goals” seem to be national pastimes. And more than ever, it seems everyone wants to “start a new chapter in the New Year.” We…
The Most Important Messages of 2020
A lot has transpired over the last 12 months, both in everyone’s personal lives and the financial markets. We’ve shared some really important messages with our clients this year via the Mullooly Asset Podcast. These are messages that applied to the current year, but are truly evergreen. This week, we wanted to reflect back on…
3 Tips for Paying Student Debt
Graduating from college is no small feat. This momentous occasion should be celebrated by anyone and everyone who receives their degree! However, after the celebrations have died down – the financial reality starts to set in. Student debt is a scary problem for a lot of folks in our country today. For a lot of…
Potential Advisor Rule Changes in 2021
In this week’s episode of the podcast, Casey joins the show. He comes on the podcast to talk with Tom about a recent press release from the SEC about proposed rule changes for advisors. They break down the current rules for advisors and brokers in terms of marketing and advertising, and explain the possible benefits…
2021 Market Outlook Season
This week, Tom addresses the 2021 market projections you’ll see over the next few weeks. If 2020 taught us anything, it’s that NOBODY knows what will happen in the next year. These projections are purely entertainment, and should NOT be taken seriously. Show Notes ‘2021 Price Targets Don’t Matter’ – Mullooly Asset Podcast 2021 Market…
4 Financial Truths for Millennials
Developing good money habits in your early adult years can help you position yourself for financial stability and better grow your wealth over time. The sad truth is that many Millennials in their 20’s are unaware of how to best manage their money. They may regret the financial decisions they made in their 20’s well into their…
The Dangers of Day Trading Apps
In this week’s podcast, the guys discuss a recently filed complaint against Robinhood. Day trading apps have become more popular in 2020, but far too many individuals simply don’t know the dangers involved with this casino-like platform. Investing is not a game. It should not be fun, and anyone who convinces you it is fun…
A Firm Financial Foundation
In this week’s episode, Tom stresses the importance of a firm financial foundation. That starts with knowing your monthly numbers. If you don’t know how to figure out your numbers, we can help you! ? A Firm Financial Foundation – Transcript Tom Mullooly: In episode 224 we talk about starting with a firm foundation. I…
Investing 101: Back to Basics
Investing, markets, financial planning – this is what we do every day. Sometimes it’s easy for us to take for granted the level of understanding those NOT in the industry have. Unless you’ve really taken an interest in the markets or set aside time to study them, you may not have a total understanding of…
10 Personal Finance Tips to Consider
Following a Yahoo Finance article from Dave Ramsey, the guys weigh in on 10 personal finance tips. While Ramsey speaks to the masses, the guys take some of the one-line advice and add some context, nuance, and personalization to it. It’s called personal finance for a reason, right? Show Notes ‘Dave Ramsey Says Beware of…
Will You Have Enough for Retirement?
In Ep. 223 of the Mullooly Asset Show, Tom addresses the popular question: will I have enough money for retirement? In our office, that’s one of the most common questions. He addresses the challenges of retiring at the Jersey Shore, asks folks what their current plan is, and offers guidance to those who need it!…
4 Steps to Prepare for the Next 25 Years
Planning for the next twenty-five years, no matter what your age, will take a few key ingredients to succeed. We have outlined the four steps we believe you will need. What we aim to do is show four of the steps most will need to succeed over the coming twenty-five years. But we intend to…
4 Tax Tips for Retirees
Whether you’re just easing out of the workforce or you’ve been in retirement for a few years now, making the right financial moves is critical. You’ve worked your whole life to enjoy your retirement here at the Jersey Shore. It’s important to stay on track with these tax tips. If you’re working with an advisor…
2021 Price Targets Don’t Matter
If 2020 has taught us anything, it’s that price targets for the following year are really just guesses. At best they’re entertainment and at worst they’re harmful nonsense to individual investors. Nobody could’ve predicted the events of 2020, and surely nobody could’ve predicted the market’s reaction to those events. Our advice for 2021: stop trying…
A Useful 2020 Tax Deduction
In the spirit of Giving Tuesday, this week Tom highlights a new “above the line” tax deduction created by the CARES Act in 2020 tied to charitable giving! It may not be a big deduction, but every bit helps! Check out the video below for more information: ? Show Notes St. Vincent de Paul Society…
5 Financial To-Do’s When Having a Baby
If the new year means a new addition to your family, listen up! Having a new baby is a wonderful thing for you and your growing family. While having a baby brings joy and happiness to your household, it can also wreak havoc on your finances if you don’t properly plan. There are plenty of…
The State of the Stock Market and the Economy
The stock market and the economy have been almost disorienting this year in 2020. It’s been a polarizing year, and we still have a few weeks to go. In this podcast, Tom and Tim discuss the current state of the stock market alongside the economy. The Dow Jones hit 30,000 for the first time ever…
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What to Say to Your Adult Kids About Your Estate
In this week’s episode, Tom walks through how to talk to your adult kids about your estate. Talking about estate planning is awkward and never fun, but clearly communicating your wishes is very important. ? Show Notes ‘What to Tell Your Adult Kids When Planning Your Estate’ – Sarah O’Brien – CNBC What to Say…
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How to Make Your Financial Goals a Reality
In last week’s blog post we helped you outline some general financial goals for 2021. Now that you’ve set your goals, how you do actually stick with them? Far too often, whether it’s a personal or financial goal, goals in the new year are left stranded by mid-February. Financial progress isn’t made overnight, so it’s…
What’s Worked in 2020?
It’s been a roller coaster year in the markets here in 2020. As we wind down the fourth quarter, it’s interesting to look at what areas of the market have performed well and when. In this episode of the podcast, we discuss why those numbers may surprise some investors. Show Notes ‘The Worst Thing You…
The Outskirts of Hope
When it comes to investing, how many people live on the outskirts of hope? President Lyndon Johnson first uttered similar words in his State of the Union address in 1964. In declaring the war on poverty, Johnson said, “Unfortunately, too many Americans live on the outskirts of hope.” The same can be said for investing.…
Financial Goals for 2021
There’s just about 6 weeks left in 2020, and it has been a rollercoaster of a year. With how wacky this year has been, it’s easy to get caught up in the moment and forget that 2021 is right around the corner. Now is the time to recap everything that happened in your financial life…
2020 Year-End Tax Tips
2020 has been a chaotic year for people – personally, emotionally, financially, you name it. Don’t let your 2020 taxes be chaotic too! In this episode of the podcast, we discussed 10 year-end tax tips to consider during the last 6+ weeks of the year. Show Notes ’10 Tax Planning Steps to Take Before New…
The Benefit of a Fiduciary in 2020
In 2020, there have been a LOT of opportunities to jump in and out of the market – only to investor’s detriment. Having a fiduciary advisor on your side can help investors remain invested through tough markets knowing the advice they’re getting is in their best interest. ? The Benefit of a Fiduciary in 2020…
How to Simplify Your Financial Life
Retirement isn’t something that materializes overnight. We spend a large amount of time preparing for it, but the worry and anxiety doesn’t automatically disappear. Taking an active role in an attempt to simplify your financial life is crucial to a happy retirement. Unfortunately, a lot of retirees have financial regrets later in life. About 70%…
The Value of a Fiduciary in Volatile Markets
When you work with a fee-only fiduciary investment advisor, you know that any recommendation or investment decision is 100% in YOUR best interest. In Ep. 330, Tom and Tim discuss the value of a fiduciary during volatile markets like what we’ve experienced in 2020. Show Notes ‘The Stock Market Doesn’t Care Who Wins’ – Josh…
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The Plan Remains the Same Regardless of the News
We could record this video on Monday before the election, and post it today before results are final because the message DOES NOT CHANGE. Regardless of the news, our message stays the same. An election is not a reason to rip up a long-term strategy. ? The Plan Remains the Same Regardless of the News…
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What is a Stock Split?
Stock splits have been quite popular in the back half of 2020. Plenty of large, publicly traded companies have announced splits over the last few months. Names everybody will recognize – Apple and Tesla just to name a couple. If the high price of these names has prevented you from buying in the past, new…
The Advantage We All Have But Throw Away
There’s an advantage that we all possess, but very few of us rarely use. In this week’s podcast, the guys discuss the power of compound interest and why hardly anybody gives it the full time it needs to be really effective. Whether it’s ripping up the script because of an impending Presidential election, or getting…
Be Prepared for Short Term Volatility
Heading into the Presidential election next week, we expect to see some short term volatility in the markets. That’s OKAY. In this episode, Tom explains why short term market moves are NOT a reason to rip up the script with your investments. This is not a time to panic and make emotional decisions. ? Be…
4 Surprises in Retirement
Retirement is a big chapter in your life and is the reward for a lifetime of hard work. What do you plan on doing during your retirement? If you’re here at the Jersey Shore it could mean more time at the beach. For a lot of folks, it means more time to travel the world…
Watch What They Do, Not What They Say
If you’re going to pay attention to pundits on TV, be sure to pay attention to what they’re actually DOING with their own money. In this week’s podcast, the guys talk about how professional investors are a large part of the group speculating on hot stocks like Zoom while also scolding individuals for doing the…
The Lesson in 2020 From Black Monday 1987
It’s been 33 years since the stock market crash (aka Black Monday) in October of 1987. 33 years could be how long your retirement lasts. In this week’s video, Tom takes a few lessons away from 1987 and applies it to what we’re going through here in 2020. ? Show Notes ‘Terrible Tuesday: How the…
The Stock Market & Presidential Elections
The 2020 election has proven to be one of the more contentious elections in recent history. However, that seems to be par for the course when it comes to elections. “Contentious” is not a new adjective to describe Presidential elections. From the political match-up of Jefferson v. Adams to this year’s Biden v. Trump, mud…
7 Steps to Financial Success
Creating success in life, both financial and personal, is no stroke of luck. We constantly talk about the process behind successful financial planning, and it can really apply to any aspect of life. Whether you’re saving for retirement, working through a financial plan, hitting a new career milestone, or accomplishing a personal goal – there…
If You’re in a Hole, Stop Digging!
If you’re in a hole, stop digging! In this week’s video, Tom talks about debt. In 2017, 33% of college students graduated with $10,000 in credit card debt. Digging yourself a hole of debt that early in life makes it even tougher to build a strong financial base. ? Show Notes ‘Why Most People Fail…
Volatility is a Feature, Not a Bug
In Ep. 327 of the podcast, Brendan, Tom, and Tim discuss market volatility. Whether it’s a pandemic, an election, the Fed, trade disputes, earnings reports, or anything else – volatility is a PERMANENT part of the market. It’s what you sign up for when you invest in stocks. Without risk there is no return. They…
First-Time Home Buyers: What is a Mortgage?
Attention first-time home buyers: If you’re thinking about buying your first home, the odds are that you’ve at least been introduced to the idea of a mortgage. However, not all mortgages are the same. What are the different types of mortgages? How do you go about getting a mortgage? Are there mortgages that are better…
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How to Stay Up to Speed
We post A LOT of content here at Mullooly Asset Management on a weekly basis. From the Mullooly Asset Show, to the podcast, to our own individual blog posts and social media accounts – it can be a lot to keep track of. In this week’s video, Tom condenses it all into one bite-sized video…
Be Sure to Leave Room for Error
Piggybacking off of Ep. 212, Tom talks about the need for a margin of safety – both physically and mentally in your investment strategy. With enough room for error, you can render any forecast or headline irrelevant. You won’t have to react to every jolting headline or every miniscule move in the market. That’s how…
How the News Affects Your Money
We all woke up to some news this morning. In this week’s episode, Tom talks about not letting the jolting day-to-day headlines during election season impact your LONG-TERM investment decisions. Volatility in the market is a feature, not a bug, and should be expected. ? How the News Affects Your Money – Transcript Tom Mullooly:…
How to Overcome Financial Stress
It’s safe to say 2020 has been one of the more stressful years for a lot of people. While feelings of stress and anxiety are certainly heightened amidst the current pandemic, feeling financial stress is certainly nothing new. A study by the American Psychological Association found that 72% of Americans have felt stressed about money…
How are People Saving For Retirement?
In Ep. 326 of the podcast, Tim walks listeners through some recent statistics about how people are preparing for retirement. He dives into when people start, what types of accounts they use, and much more! He also brings up another article about mortgages in forebearance. Show Notes ‘7 Stats on How People Really Save for…
A Message to Struggling Friends or Family Members
In Ep. 211 of the Mullooly Asset Show, Tom has a strong message to any friends or family members you may have that are struggling financially. Filing bankruptcy is NOT a life sentence. In fact, it can help turn your financial life around and become a long-term positive – if you let it! ? Show…
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Looking for an Investment Advisor? Answer These 4 Questions First
While we know that having a long-term, trusted relationship with an investment advisor can help a lot of people reach their financial goals, it’s not for everyone. Some people may be better off managing things on their own, and that’s okay. However, if you’re unsure if it’s time to start working with an investment advisor,…
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How Interest Rates Impact Investments
It’s no secret that interest rates are at a historically low rate. But does that mean you should abandon all fixed income and savings accounts with low yields? Absolutely not. In Ep. 325 of the podcast, Brendan and Tim discuss how low interest rates factor into your portfolio decisions. They also discuss auto-enrollment into 401(k)…
Retirement Money vs. Home Equity
In Ep. 210 of the Mullooly Asset Show, Tom talks about the different options available besides taking a taxable distribution from your retirement plan at work. Home equity is STILL a viable option for a lot of people, despite what some may think following the SALT Act. ? It is important to remember that individuals…
Roth IRA vs. Traditional IRA
There is no wrong time to start saving for retirement. If you’re fresh out of college starting at your first job, it’s not too early. If you’re well into your career and need to start prioritizing retirement, it’s not too late. Retirement can last a lot longer than people think. It’s important to have enough…
Stocks Can Go Down, Too
In Ep. 324 of the Mullooly Asset Podcast, Brendan and Tim remind listeners that every once in a while stocks CAN go down. It’s remarkable how quickly folks forget what happened in the first quarter of 2020, but the “market breather” over the last week or so has been a nice reminder that stocks can…
Why ‘Good Enough’ Can Avoid Catastrophe
In Ep. 209 of the Mullooly Asset Show, Tim explains why diversification can help investors get ‘good enough’ and avoid catastrophe. Loading your entire account into individual stocks and sectors that are hot at the moment is a dangerous game. Even the best performing stocks over the last decade haven’t escaped MASSIVE drawdowns. ? Show…
4 Things to Share with Your Advisor
Do you need to tell your investment advisor EVERY single detail of your daily life? No. However, if it’s going to impact any part of your financial future and your financial goals – you NEED to let your advisor know. You and your advisor are a team. Together, you can create a well-oiled machine of…
Why Diversification Works
In Ep. 323 of the Mullooly Asset Podcast, Tim and Brendan discuss how the last few days are a great example of how diversification works for investors. With technology being hit hard recently, having exposure to other areas of the market has proved to be a smart idea. Loading up into just one area of…
4 Retirement Mistakes to Avoid in 2020
The COVID-19 pandemic hit hard in early 2020, and it continues to remain prevalent as we near the end of the year. We’ve started to see businesses getting back in action here in Monmouth County and down by the Jersey Shore. However the effects of the shutdown are still being felt everywhere. Before making any…
The Difficulties of Day Trading
In Ep. 208 of the Mullooly Asset Show, Tim outlines a few of the reasons why day trading stocks is so difficult. Hardly anyone ever day trades their way to a happy, successful retirement nest egg. Find out why in this week’s video! ? Show Notes ‘Why You Should Not Day Trade’ – The White…
How Should You Diversify From Stocks?
In Ep. 322 of the Mullooly Asset Podcast, the guys discuss ways to diversify away from stocks and the costs involved. A recent article described diversifying with bonds as a lost cause, but we’re not so sure. They also discuss a recent announcement from the Fed and questions to ask yourself before retirement. Show Notes…
The Price for Safety
In Ep. 207 of the Mullooly Asset Show, Tom talks about the new price for safety. With interest rates are practically zero, it’s becoming increasingly difficult to find any traditionally “safe” investments that yield much of anything. ? Show Notes ‘Money Funds Waive Charges to Keep Yields From Falling Below Zero’ – The Wall Street…
4 Ways to Take the Emotion Out of Investing
Just don’t get emotional about your investments. It’s that easy right? Not quite. Bad news about a company you own, or a sector you’re invested in can make you want to sell everything. Yes, investments can fluctuate based on news day to day, but when it comes to the stock market – it’s important to…
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How the Election Could Impact Taxes
There’s a lot of noise about how the election could impact your taxes. We hear a lot of “taxes are going to skyrocket” and “tax hikes are coming”, but for who? And by how much? In Ep. 321 of the Mullooly Asset Podcast, Brendan and Tom take the emotions out of this political discussion and…
Your Jersey Shore Financial Fitness Plan
We tend to idolize professional athletes from all different types of sports. Usually for good reason, too – they undergo rigorous training, develop impressive mental strength and reach both mental and physical peak performance. Studies even show that student-athletes are more likely to have better academic and behavioral performance. We don’t want to focus on…
Politics are Not in the Portfolio
In Ep. 320 of the Mullooly Asset Podcast, the guys discuss politics and its place in investment portfolios. Here at Mullooly Asset, our portfolios are not constructed based off of who is in the White House (red or blue). They also discuss myths about diversification and the US Dollar. Show Notes Re-examining Your Risk Appetite…
Reexamining Your Risk Appetite
If the market volatility in March/April freaked you out, now might be a good time to revisit how much risk you’re taking in your portfolio. If you’re waiting for things to “get back to normal”, we have bad news for you. Find out what it is in this week’s episode! ? Reexamining Your Risk Appetite…
The Stock Market is Not the Economy
When we think of financial health, a few things come to mind. The overall financial plan you put together with your financial planner is the most important. What are some of the other factors besides your financial plan? Your investments, the Dow Jones Industrial Average performance, the stock market as a whole, the economy, the…
Debunking a Myth About Active Management
There’s a continuing myth surrounding active management. They justify higher fees with a promise of outperformance during bear markets. During this week’s podcast, Tom and Tim discuss the facts surrounding that myth, the unemployment numbers for July, and what electric utility companies need to improve on. Show Notes ‘The Performance of Active Management During the…
3 Documents Everyone Over 18 MUST Own
When it comes to getting your financial estate in order, there are 3 documents everyone over the age of 18 MUST own. In Ep. 204 of the Mullooly Asset Show, Tom breaks down what those documents are, and why they are so important. ? Show Notes ‘What Happens if You Pass Away Without a Will?’…
How to Build Better Credit
One of the first steps to living a financially healthy life is having good credit. The national household debt now stands around $14.3 trillion. Now is the time to strategize for your personal credit development. Working with a financial planner, especially here in New Jersey, can help you get a hold of your debt and…
Making Sense of the GDP Numbers
In Ep. 318 of the podcast, Tom and Tim discuss the 2nd quarter GDP numbers that came out this week. Despite it being widely anticipated, reaction to the number was less than stellar. What does this mean for the market? What does it mean for your investments? Find out in this week’s episode! Making Sense…
Roth Conversion: Is 2020 the Year?
Is 2020 the year for a Roth conversion? If you’re income is lower than expected, it could seem like an ideal year to do one. However, in Ep. 203 of the Mullooly Asset Show, Tom walks through a few other factors you may not have considered. They need to be taken into account before pulling…
What Happens If You Pass Away Without a Will?
At Mullooly Asset Management, we provide comprehensive financial planning for our clients right here in Monmouth County, NJ and beyond. No financial plan is complete without an estate plan. Within your estate plan, creating a will should be the very first step. Creating a will gives you the opportunity to make sure your wishes are…
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Do We Need More Incentives to Save?
In Ep. 317 of the podcast, the guys discuss incentives from the government to save money, and if we need MORE. They discuss funding emergency savings accounts, and how 401(k)s have changed over the years as well. Show Notes ‘People Don’t Save Enough for Emergencies, but There are Ways to Fix That’ – Shlomo Benartzi…
Keeping Your Cool When Markets are Hot
In this week’s video, Tom talks about staying cool while markets are volatile. He recalls a few conversations back in March where folks wanted to completely jump out of the market, and how those decisions could have cost them over $100,000. Working with a trusted advisor can really help you keep your emotions in check…
Unemployment Benefits and Your Taxes
We wanted to continue the discussion Tom, Tim, and Brendan had in Episode 315 of the Mullooly Asset Podcast. Let’s further discuss the impact unemployment benefits can have on your tax situation for next year. The coronavirus pandemic forced millions of people out of work and scrambling for money to pay their bills. By the…
The Big Social Security Decision
Deciding when to take Social Security is a big decision. Add a recession and a pandemic into the equation, and things can get messy. In Ep. 316 of the Mullooly Asset Podcast, Brendan and Tim discuss the different factors playing into your Social Security decision. They also discuss a new service coming to 401(k) accounts,…
Should You Take Money From Your 401(k)?
Under the CARES Act, folks can take early withdrawals in 2020 from their 401(k) plan at work with incurring the usual 10% early withdrawal penalty. But just because you CAN, doesn’t necessarily mean you SHOULD. In this episode, Tom walks through PROS and CONS of taking an early distribution. ? Show Notes ‘Cashing Out a…
5 Money Topics to Discuss Before Marriage
Planning a wedding, especially here in New Jersey, is no small task. Outside of the wedding, there’s still plenty to be discussed before marriage. And while it’s not as fun as cake tasting, sitting down to discuss the expectations you have about your future finances is crucial. According to Psychology Today, 27% of respondents found…
A Few Reminders About Unemployment
In Ep. 315 of the Mullooly Asset Podcast, the guys discuss a few key points to remember about unemployment and taxes. It seems many people don’t realize that their benefits are counted as taxable income, and could surprise people next year around tax time. They also discuss what serves as a good diversifier for stocks…
An Important Message for Future Retirees
In Ep. 200 of the Mullooly Asset Show, Tom has an important message for all future retirees out there. If you plan on retiring at some point in the future: LISTEN UP! Retirement isn’t something you plan overnight. You need to start planning today, but make sure it’s on your terms and nobody else’s. ?…
4 Money Lessons We All Wish We Learned in High School
Growing up in here in New Jersey, and all over the United States, it’s not common that we’re taught practical money lessons. While chemistry is usually on the curriculum, everyday skills like building a budget typically aren’t. Luckily, that seems to be changing here in New Jersey. New Jersey has actually been ahead of the…
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All Upside, No Downside
Want to find an investment that gives you all of the market upside with none of the market downside? Sorry, but in Ep. 314 of the Mullooly Asset Podcast the guys explain why that doesn’t exist. They discuss annuities, which type of annuity is appropriate, and they also discuss why private equity funds within a…
Should Banks Use Stock Dividends?
In Ep. 199 of the Mullooly Asset Show, Tom explains why stock dividends might be a good idea for bank stocks during an economic downturn. He explains how they work and the benefits they offer both the company and the shareholders. ? Should Banks Use Stock Dividends? – Transcript Tom Mullooly: What should banks do…
A Jersey Shore Retirement Journal
Have you been trying to stay on track financially? Have you had trouble keeping spending in line here at the Jersey Shore? After a few months indoors you might feel like splurging just a little. Spending money is okay, but it needs to be tracked and organized. For many, apps on their phone or spreadsheets…
Opening Pandora’s Box
The last two economic downturns have been met with unprecedented response from both the Fed and the federal government. In this episode, the guys discuss the potential ramifications of these government actions, and how (or if) they can be scaled back/what does it mean for future recessions? Show Notes ‘Never the Same’ – Morgan Housel…
Are Dividend-Focused Sectors Safe?
Investors often flock to sectors of the market that pay dividends because they’re seen as “safer” parts of the equity market. Are they really? In Ep. 198, Tom breaks down a few popular dividend-focused sectors and the risks involved. ? Are Dividend-Focused Sectors Safe? – Transcript Tom Mullooly: Do you own stocks just for the…
Has Your Company Suspended Its 401(k) Match?
The last few months have seen a lot of change at the Jersey Shore. Everyday life had ground to a halt, and now is slowly re-opening itself one day at a time. From Cape May, to Belmar, all the way to Jersey City, every inch of our great state has felt the impact of COVID-19. …
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Managing Risk in Retirement
In Ep. 312 of the Mullooly Asset Management, the guys talk about managing risk in retirement. They talk about finding the right allocation of stocks and bonds, the importance of rebalancing and what that can do for your portfolio, and more! Show Notes ‘Is it Time to Rebalance?’ – Christine Benz – Morningstar ‘5 Ways…
Living Off of Stock Dividends
In Ep. 197 of the Mullooly Asset Show, Tom sheds light on the risks involved with relying on solely stock dividends for retirement income. He walks viewers through a pretty telling example of what can happen when a company decides to cut its dividend. ? Living Off of Stock Dividends – Transcript Tom Mullooly :…
“Living Off of the Interest”
In Ep. 311 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss the idea of “living off of the interest” and not touching your principal in retirement. In today’s environment, it might not be as feasible as many people think. They also discuss why there is always a reason to sell, or be bearish,…
One Reason Why Dividends Matter
In Ep. 196 of the Mullooly Asset Show, Tom talks about stock dividends. When it comes to investing, there is one main reason why dividends are important. Two words: TOTAL RETURN. It’s important to keep track of your own personal investments with total return, and not just the nominal return. ? Show Notes ’25 Years…
How to Lose Your Shirt in 10 Days With Leverage
In Ep. 310 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss the dangers of leverage once again with a great example in The Wall Street Journal. Leveraged investment products are a great way to go broke really quick. They also discuss massive market moves in the same year, and the importance of earnings…
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Not All Stocks That Crash Come Back
In Ep. 195 of the Mullooly Asset Show, Tom explains how dangerous speculating on stocks that have crashed can be. Not all stocks that crash make it back to their previous levels. Some go away for good! He talks about the activity going on at Robinhood with some “crash candidate” stocks like Hertz. ? Not…
What is Your Money REALLY For?
In Ep. 309 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss a handful of articles that revert back to one main theme: what is your money actually for? Figuring out what your money is really for can make investing, saving, and so much more easier! Show Notes ‘Why College Savers Should Stay the…
What Happens in Bankruptcy
In Ep. 194 of the Mullooly Asset Show, Tom explains the different types of bankruptcy. How come companies can be “in bankruptcy”, but still be operating normally? What’s the difference between Chapter 7 and Chapter 11 bankruptcy? Find out in this video! ? What Happens in Bankruptcy – Transcript Tom Mullooly: In episode 194, we…
