• Skip to primary navigation
  • Skip to main content
  • Skip to footer
Mullooly Asset Management

Mullooly Asset Management

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

  • Our Fees
  • About us
  • Schedule a Meeting

Wealth Preservation vs Losing Money

August 12, 2007 by Thomas Mullooly

Football coaches never predict the outcome — they expect to win! The coach runs the best plays he can, when he’s got the ball.

And when he doesn’t have the ball, he sends the defensive team onto the field. And so it should be with your investments.

Trying to predict (guess) where the market will go is like trying to predict who’ll win the Super Bowl before training camp starts; it’s a waste of time.

Look, if you want to get wrapped up in the crazy headlines from the media, be my guest: Credit crisis, bankruptcies, wild market swings, etc. It’s there for shock value, and ratings. It’s all a waste of time, and will take your eye off the ball.

On June 26th one of the primary tools I use, the NYSE Bullish Percent, indicated to me the defensive team should now be on the field. This meant moving from “wealth accumulation” to “wealth preservation” strategies.

And after a few weeks, the market started to fall.

You know, sometimes the “winner” in a bad market is the person who lost the least. That’s really what wealth preservation (defense) is about.

Almost anyone (except my mother-in-law) can make money in a good market. But there are a lot of ways to lose money in a bad market. Don’t become a statistic.

Defense isn’t about predicting where lightning will strike; it’s about being prepared for an approaching storm.

How do you prepare?

So…where will the market go from here? That’s a trick question! Don’t waste a minute on that. Getting prepared is a better use of our time than making predictions.

Got questions? Fire away. 732-223-9000.

Tom

Thomas Mullooly
Mullooly Asset Management LLC
Our Only Business Is Fee-Only Investment Advice
www.mullooly.net
support@mullooly.net

Never miss a post...and we deliver!

newsletter mailman

Get our updates delivered right to your inbox. Sign up today!

Success! Now go and check your email to confirm your subscription.

There was an error submitting your subscription. Please try again.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Filed Under: Asset Management, Point and Figure

About Thomas Mullooly

Thomas Mullooly is owner and founder of Mullooly Asset Management, Inc. In 2002 Tom opened Mullooly Asset Management, a fee-only investment advisory firm. As an investment advisor, and not a broker, Tom works strictly for his clients. With the help of point and figure charting, Tom builds a realistic game plan for clients.

Footer

2052 NJ-35, Suite #203
Wall Township, NJ 07719
Phone: (732) 223-9000
Fax: (732) 223-9600
Email: support@mullooly.net

  • Privacy Policy
  • Disclosures and Legal Disclaimers

Useful Links

  • Contact Us
  • Client Login
  • Pay Bill Online
  • About us
  • Our Fees
Text Example

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.

Follow Us

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Resource Center

  • Videos
  • Podcasts
  • Blog

Copyright © 2021 · Design by :- Eliza Jack