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This category page is designed to keep our readers up to date on what we are reading from others in the investment industry.

Tim’s Top Links – 2/25/19

February 25, 2019 by Timothy Mullooly

Over the last few months, my fellow Mullooly brother – Casey Mullooly – has been writing some terrific blog posts.  He decided last week to launch his very own website (linked below).  Be sure to check it out, and keep an eye out for his future posts!

Here’s what I’ve been reading this morning:

‘Strive Purely’ – Casey Mullooly – All Things Are One

‘Talkin’ Shop: Nina O’Neal and Continuing the Talk on Inclusion in Financial Services’ – Justin Castelli

‘Different Kinds of Stupid’ – Morgan Housel – Collaborative Fund

‘Ep. 245: Does Trend Following Work?’ – Mullooly Asset Podcast

‘How to Benchmark Your Portfolio’ – Christine Benz – Morningstar

ENJOY!

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Filed Under: News

Tim’s Top Links – 2/22/19

February 22, 2019 by Timothy Mullooly

This week’s Living With Money episode with Ryan Kirlin of Alpha Architect goes deep into the world of ETF’s!  If you missed it, I have linked to it below.  We talk about how they are created, the pros and cons of using them versus mutual funds, and much more!

Here’s what I’ve been reading this morning:

‘058 – Ryan Kirlin – Alpha Architect’ – Living With Money

‘Why I’m Letting My CIMA® Designation Lapse’ – Justin Castelli  – All About Your Benjamins

‘Economic Indicators Send Mixed Messages’ – Tom Mullooly

‘Changes to the 9/11 Victim Compensation Fund as Deadline Approaches’ – William Forero – Pryor Law

‘You’re More Internationally Diversified Than You (Probably) Realize’ – John Rekenthaler – Morningstar

ENJOY!

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Filed Under: News

Economic Indicators Send Mixed Messages

February 21, 2019 by Thomas Mullooly

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 worked in 2007. But very few listened.

The problem with economic indicators, and in particular real estate, is there is no “one signal.” Not a “single signal” that will tip pundits and prognosticators to impending doom, or the promised land. But we can still glean some useful information from these economic indicators. One of the sources we read frequently is Calculated Risk, written by Bill McBride. McBride started writing (blogging) in 2005 and was an early voice in the wilderness about the real estate dangers erupting throughout the country between 2005 and through 2008.

Today Calculated Risk discussed the report this morning how existing home sales dropped in January. In fact, according to the National Association of Realtors (NAR), of the four major U.S. regions, only the Northeast saw an uptick in sales activity last month. McBride adds that sales are now down 8.5 percent from a year ago. You can read his post here: https://www.calculatedriskblog.com/2019/02/nar-existing-home-sales-decreased-to.html

  • Will this be the beginning of a slide?
  • Will this be a blip as folks waited to see what happened with the Fed and interest rates?
  • Will this be something temporary due to weather?

Again, one data point, one economic indicator, one headline along the way won’t be very helpful. Data needs to be considered in context.

Economic Indicators
“click to embiggen”

Now, I am not sure if this is an economic indicator or not, but in my twitter feed this morning, I found this real estate “data point” from the famous YouTube personality @CaseyNeistat. I hope you are sitting down.

You read that right.  This “home” in Santa Monica is listed for sale for the “fixer upper” price of just $1,799,000.  Do you think it will appraise?  Will there be a bidding war?

We can look at the big picture (from NAR) or one incidental data point (from @CaseyNeistat): Are they saying the same thing?

This is only one small example where the news could twist a data point or a headline – to the extreme (today, this news was simply facts, no twisting).

But people call us, wanting to discuss making changes in their long-term retirement portfolios based on headlines like these – where one economic indicator is taken out of context. These indicators are helpful.  But not a single one of them should be considered a “decision point” for changes in an  investment portfolio.

Filed Under: Asset Management, News Tagged With: economy, real estate

Tim’s Top Links – 2/21/19

February 21, 2019 by Timothy Mullooly

It’s been a strange 48 hours here in New Jersey in terms of weather.  Yesterday we went from clear skies, to 3 inches of snow, to an inch of rain, to sunny blue skies in the 50 degree range.  Although, this warm weather immediately melting all of the snow is kind of nice.  Not something you see everyday, though.

Here’s what I’ve been reading this morning:

‘Dear Former Branch Manager’ – Blair duQuesnay – The Belle Curve

‘Why Do Markets Go Up?’ – Ehren Stanhope – Factor Investor

‘C.A.F.’ – Rusty Guinn – Epsilon Theory

‘Un-Complicating Investing’ – Michael Batnick – The Irrelevant Investor

‘Glitch’ – Corey Hoffstein – Newfound Research

ENJOY!

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Filed Under: News

Tim’s Top Links – 2/20/19

February 20, 2019 by Timothy Mullooly

In Ep. 128 of the Mullooly Asset Show (linked below), we share some startling survey results about Americans and their finances.  Over 47% of responders reported spending equal to or MORE than their income.  You can read all of the personal finance books and blogs you like, but if you spend more than your bring in, you are going to fail.

Here’s what I’ve been reading this morning:

‘Budgeting 101: Spend Less Than You Make’ – Mullooly Asset Show

‘Serving Those Who Serve?’ – Anthony Isola – A Teachable Moment

‘The 8 Most Common 2019 Tax Return Questions’ – The New York Times

‘How to Invest a Lump Sum’ – Nick Maggiulli – Of Dollars and Data

‘How Do I Do This Retirement Thing?’ – Bill Geiger – Forbes

ENJOY!

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Filed Under: News

Tim’s Top Links – 2/19/19

February 19, 2019 by Timothy Mullooly

It’s a special day here at Mullooly Asset Management.  Our very own Brendan Mullooly celebrates his birthday today!  If you follow Brendan on Twitter (@BrendanMullooly), go wish him a happy birthday!

Here’s what I’ve been reading this morning:

‘Should You Take the Pension or a Lump Sum?’ – Ashby Daniels – Retirement Field Guide

‘Quarterly Letter’ – Josh Brown – The Reformed Broker

‘Rebalancing 101: The What, Why, When, and How’ – Carolyn Gowen – The Financial Bodyguard

‘Hole-In-One’ – Ross Menke – Humble Dollar

‘Collaborative Fun’ – Douglas A. Boneparth – Bone Fide Wealth

ENJOY!

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Filed Under: News

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