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Mullooly Asset Management, Inc

Mullooly Asset Management

Fiduciary Fee-Only Financial Planner | Investment Advisor in Wall, NJ

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Focus on Probability to Stack the Odds for Yourself

September 15, 2015 by Brendan Mullooly, CFP®

Co-founder of StockTwits, Howard Lindzon, recently wrote a post that really hit home for me. He talked about focusing on probabilities and its importance to investors:

“I don’t believe in financial coincidences…there is only ‘inside information’ for the few and ‘probability’ for the masses…I am focused on probability. I am always trying to stack it. I follow strength in prices and smarter people than me that have to move markets (because they control bigger chunks of money).”

Howard’s mindset is closely aligned with ours at Mullooly Asset Management. Like Howard wrote, there are a select few that probably trade on “inside information”. Admitting that we aren’t one of those select few is the right move. By following the only thing that truly matters, price movement, we are able to stack the odds in our favor. We do this through a combination of point and figure charting and relative strength. We follow prices and participate in long term investment trends.

Source:

http://www.howardlindzon.com/focus-on-probability-avoid-financial-newmans/

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Filed Under: News Tagged With: point and figure, portfolio management, relative strength

About Brendan Mullooly, CFP®

Brendan Mullooly is a CERTIFIED FINANCIAL PLANNER™professional with Mullooly Asset Management, Inc.

1971 State Route 34, Suite 102
Wall Township, NJ 07719

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The information on this website and blog do not involve the rendering of personalized investment advice. A professional advisor should be consulted before implementing any of the options presented. None of the content contained in this website should be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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