Think back to when you were a kid. Or, if you are still a young adult, or teenager, think about how you started learning about money. Maybe you received an allowance for doing chores around the house. Or, maybe, you started your own lawn-care business and mowed your...
Like we wrote about last week, COVID-19 changed many American’s financial life in 2020. Many saw their jobs and streams of income disappear, while others saw their income coming in from different places. The CARES Act was passed to help Americans impacted by the...
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...
In Ep. 161 of the Mullooly Asset Show, Tom talks about why many big brokerage firms aren't allocating money into index funds for their clients. It brings up the ever-important conversation of knowing whether your advisor, or broker, is a fiduciary. ? Show Notes 'Wall...
Interpreting economic indicators has spawned a huge industry in finance. Being able to "read the tea leaves" and forecast which way housing prices (and housing sales) are headed give some the belief they can tell when the economy is tipping over. Well, at least it...
The wise Yogi Berra once said that, "Baseball is 90% mental; the other half is physical". Aside from a Hall of Fame career, Berra is best known for his entertaining "Yogi-isms". Despite Yogi's questionable math, baseball is indeed mental. Coincidentally, it was...
Earnings forecasts are a risky tool in our bag. There was a story in Bloomberg this morning (January 10, 2019) discussing how "profit forecasts are being cut like it's 2009" I have a few thoughts on earnings forecasts, and then we will get to where this affects me...
In 2018, I tried something new - taking notes while reading. On the front page of my notebook, I kept a running list of the books I read. From there, I wrote down thoughts as I progressed. I organized my thoughts by book and chapter. This process proved to be simple...
Fear seems to be spreading through the stock market like the stomach bug in a McDonald's ball pit. Bear market? Recession? Down arrows? Big red numbers? Collapse? These are scary words that trigger strong emotional responses, primarily fear. Money is our HOW. Money is...
It's been a long time since I took Drivers Ed - nearly forty years. I remember (back then) having a dream (more like a nightmare), where the Drivers Ed instructor yanks the steering wheel while I was driving. I'm glad it was only a dream. In reality, the instructor...
