Point and Figure Charts May Disagree With Experts On Stocks

by Thomas Mullooly | Asset Management, Point and Figure, Retirement Planning

I look at the charts in your 401k plan continuously. If none of the charts are going up, here is our plan: we stay on the sidelines. Pretty simple.

Covered Call Writing: Spotting A Good Candidate

by Thomas Mullooly | Asset Management, Stock Market Comments

Probably the toughest part of covered call writing is finding the right idea.

Economic Recovery Will Come At a Cost

by Thomas Mullooly | Asset Management

First, understand why recessions start in the first place. Banks stop lending. Money supply shrinks. Like it or not, the world runs on credit. When credit dries up, business evaporates.

Getting Help For Your 401k: The Process

by Thomas Mullooly | Asset Management, Retirement Planning

How to get help with your 401k from Mullooly Asset Management. This process will also help you with your 457 deferred compensation plan — or your 403(b) annuity at work.

Financial Media Predicts Deeper Deficits For Obama Budget… So What?

by Thomas Mullooly | Asset Management, Stock Market Comments

Don’t get hung up on the Dow Jones. The Dow Jones may not be a “relevant” yardstick for you to use. After all, it’s only 30 stocks…and you might not own ANY of them.

Charles Schwab Advertisements are Great. Here’s why…

by Thomas Mullooly | Asset Management

You’re probably not aware of this, but in the financial services industry, firms and advisors are strictly prohibited from running testimonials of any sort.

Reverse Stock Split Is Bad News for Citigroup Stock

by Thomas Mullooly | Asset Management, Stock Market Comments

Many companies consider pulling a reverse stock split to avoid getting delisted. But many wind up taking that path eventually anyway. Can you imagine Citibank getting delisted from the New York Stock Exchange?

401k Advice From Jim Cramer and CNBC Exposed

by Thomas Mullooly | Asset Management

Someone is actually holding Jim Cramer responsible for some of the advice he has given, and also for the fact that CNBC has “morphed” into an entertainment channel.

Mark to Market Accounting: A Basic Analogy

by Thomas Mullooly | Asset Management, Stock Market Comments

Banks (and brokerage firms) that own mortgage backed securities have been required — since November 2007 — to use mark to market accounting on these securities. Coincidentally, this was just around the time these mortgage securities started dropping precipitously in value. 2007 saw many mortgage firms get wiped out, and brokerage firms and banks holding these assets started realizing the volatility of these assets.