A client wrote in and asked, “Do you think the market is due for a correction?” Here was my reply: Short answer: Are we due for a correction? Probably. Longer answer: Let’s start with defining the term “correction.” A correction is usually a 5-10% pull-back in the market. And, as I’ve written lots and lots… [Read More] Time for a Correction in the Market?
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Here we cover working with an investment advisor, how to find an investment adviser, what kind of questions to ask an investment adviser or financial advisor. We also cover topics like knowing the differences between stockbrokers (also known as financial consultants, financial advisers) and investment advisers -- differences most individual investors may not know.
We also cover areas like fee-only advisors versus fee-based advisors, and fee-only advisors versus advisers working on commission. We don't trash any business model as wrong, but it's important you know how your adviser gets paid.
If you do not see a topic you would like discussed, feel free to get in touch with Thomas Mullooly and his team at 732-223-9000 or here.
Here are some of our most recent articles:
“The meanest reversion is the one that refuses to revert in a timely enough fashion.” – Josh Brown I recently had a conversation with a friend who I play fantasy baseball with. We like to bounce ideas off each other, and occasionally commiserate when things don’t work out. My friend was bummed out because a… [Read More] The Meanest Reversion: BABIP and CAPE
Game of Thrones is one of the most popular shows on TV. I was a little late to the game, but hopped on the bandwagon in 2016 and haven’t looked back. One of my favorite moments from the show was an exchange between Daenerys Targaryen and Tyrion Lannister. Daenerys describes the ruling families of Westeros by… [Read More] Break the Wheel
Mullooly Asset Management, Inc. is a Registered Investment Advisory firm. We focus on investment management and financial planning for our clients. There is a world of difference between brokers and advisors. Sometimes (it seems) only advisors are aware of these differences. The industry needs to do a better job educating the public about these differences when… [Read More] Comparing Registered Investment Advisors and Brokers
There are many differences between ETF’s and mutual funds. In their purest form, they are both baskets of stocks. But the similarities seem to fade quickly beyond that. We will cover the difference between exchange-traded funds and mutual funds, when it comes to the following areas: Structure Placing Orders Visibility Costs to Own Potential tax… [Read More] Differences Between Mutual Funds and ETF’s
There needs to be a discovery period between advisor and prospective client. It should be conducted almost as an interview. Both advisor and prospective client NEED to find out if the relationship will be a good match. Each situation will be different, but here are a few essential questions every prospective client should ask their… [Read More] Questions to Ask Before Working With a Financial Advisor