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The Market Rotation of 2020
2020 was a strange year for the market. In this week’s podcast, we look at the market rotation that took place in the second half of the year that not many people paid attention to. We go through what worked this year, and how things line up for 2021. Show Notes ‘Updating My Favorite Performance…
The Market Doesn’t Have Feelings
In the first episode of 2021, the guys discuss the changing landscape in Washington and how it could potentially impact folks financially. If 2020 taught us anything, it’s that we don’t know how the market will react to any headline story. Focus on what we can control, and let’s make 2021 a great year! Show…
The Most Important Messages of 2020
A lot has transpired over the last 12 months, both in everyone’s personal lives and the financial markets. We’ve shared some really important messages with our clients this year via the Mullooly Asset Podcast. These are messages that applied to the current year, but are truly evergreen. This week, we wanted to reflect back on…
Potential Advisor Rule Changes in 2021
In this week’s episode of the podcast, Casey joins the show. He comes on the podcast to talk with Tom about a recent press release from the SEC about proposed rule changes for advisors. They break down the current rules for advisors and brokers in terms of marketing and advertising, and explain the possible benefits…
The Dangers of Day Trading Apps
In this week’s podcast, the guys discuss a recently filed complaint against Robinhood. Day trading apps have become more popular in 2020, but far too many individuals simply don’t know the dangers involved with this casino-like platform. Investing is not a game. It should not be fun, and anyone who convinces you it is fun…
10 Personal Finance Tips to Consider
Following a Yahoo Finance article from Dave Ramsey, the guys weigh in on 10 personal finance tips. While Ramsey speaks to the masses, the guys take some of the one-line advice and add some context, nuance, and personalization to it. It’s called personal finance for a reason, right? Show Notes ‘Dave Ramsey Says Beware of…
2021 Price Targets Don’t Matter
If 2020 has taught us anything, it’s that price targets for the following year are really just guesses. At best they’re entertainment and at worst they’re harmful nonsense to individual investors. Nobody could’ve predicted the events of 2020, and surely nobody could’ve predicted the market’s reaction to those events. Our advice for 2021: stop trying…
The State of the Stock Market and the Economy
The stock market and the economy have been almost disorienting this year in 2020. It’s been a polarizing year, and we still have a few weeks to go. In this podcast, Tom and Tim discuss the current state of the stock market alongside the economy. The Dow Jones hit 30,000 for the first time ever…
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What’s Worked in 2020?
It’s been a roller coaster year in the markets here in 2020. As we wind down the fourth quarter, it’s interesting to look at what areas of the market have performed well and when. In this episode of the podcast, we discuss why those numbers may surprise some investors. Show Notes ‘The Worst Thing You…
2020 Year-End Tax Tips
2020 has been a chaotic year for people – personally, emotionally, financially, you name it. Don’t let your 2020 taxes be chaotic too! In this episode of the podcast, we discussed 10 year-end tax tips to consider during the last 6+ weeks of the year. Show Notes ’10 Tax Planning Steps to Take Before New…
The Value of a Fiduciary in Volatile Markets
When you work with a fee-only fiduciary investment advisor, you know that any recommendation or investment decision is 100% in YOUR best interest. In Ep. 330, Tom and Tim discuss the value of a fiduciary during volatile markets like what we’ve experienced in 2020. Show Notes ‘The Stock Market Doesn’t Care Who Wins’ – Josh…
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The Advantage We All Have But Throw Away
There’s an advantage that we all possess, but very few of us rarely use. In this week’s podcast, the guys discuss the power of compound interest and why hardly anybody gives it the full time it needs to be really effective. Whether it’s ripping up the script because of an impending Presidential election, or getting…
Watch What They Do, Not What They Say
If you’re going to pay attention to pundits on TV, be sure to pay attention to what they’re actually DOING with their own money. In this week’s podcast, the guys talk about how professional investors are a large part of the group speculating on hot stocks like Zoom while also scolding individuals for doing the…
Volatility is a Feature, Not a Bug
In Ep. 327 of the podcast, Brendan, Tom, and Tim discuss market volatility. Whether it’s a pandemic, an election, the Fed, trade disputes, earnings reports, or anything else – volatility is a PERMANENT part of the market. It’s what you sign up for when you invest in stocks. Without risk there is no return. They…
How are People Saving For Retirement?
In Ep. 326 of the podcast, Tim walks listeners through some recent statistics about how people are preparing for retirement. He dives into when people start, what types of accounts they use, and much more! He also brings up another article about mortgages in forebearance. Show Notes ‘7 Stats on How People Really Save for…
How Interest Rates Impact Investments
It’s no secret that interest rates are at a historically low rate. But does that mean you should abandon all fixed income and savings accounts with low yields? Absolutely not. In Ep. 325 of the podcast, Brendan and Tim discuss how low interest rates factor into your portfolio decisions. They also discuss auto-enrollment into 401(k)…
Stocks Can Go Down, Too
In Ep. 324 of the Mullooly Asset Podcast, Brendan and Tim remind listeners that every once in a while stocks CAN go down. It’s remarkable how quickly folks forget what happened in the first quarter of 2020, but the “market breather” over the last week or so has been a nice reminder that stocks can…
Why Diversification Works
In Ep. 323 of the Mullooly Asset Podcast, Tim and Brendan discuss how the last few days are a great example of how diversification works for investors. With technology being hit hard recently, having exposure to other areas of the market has proved to be a smart idea. Loading up into just one area of…
How Should You Diversify From Stocks?
In Ep. 322 of the Mullooly Asset Podcast, the guys discuss ways to diversify away from stocks and the costs involved. A recent article described diversifying with bonds as a lost cause, but we’re not so sure. They also discuss a recent announcement from the Fed and questions to ask yourself before retirement. Show Notes…
How the Election Could Impact Taxes
There’s a lot of noise about how the election could impact your taxes. We hear a lot of “taxes are going to skyrocket” and “tax hikes are coming”, but for who? And by how much? In Ep. 321 of the Mullooly Asset Podcast, Brendan and Tom take the emotions out of this political discussion and…
Politics are Not in the Portfolio
In Ep. 320 of the Mullooly Asset Podcast, the guys discuss politics and its place in investment portfolios. Here at Mullooly Asset, our portfolios are not constructed based off of who is in the White House (red or blue). They also discuss myths about diversification and the US Dollar. Show Notes Re-examining Your Risk Appetite…
Debunking a Myth About Active Management
There’s a continuing myth surrounding active management. They justify higher fees with a promise of outperformance during bear markets. During this week’s podcast, Tom and Tim discuss the facts surrounding that myth, the unemployment numbers for July, and what electric utility companies need to improve on. Show Notes ‘The Performance of Active Management During the…
Making Sense of the GDP Numbers
In Ep. 318 of the podcast, Tom and Tim discuss the 2nd quarter GDP numbers that came out this week. Despite it being widely anticipated, reaction to the number was less than stellar. What does this mean for the market? What does it mean for your investments? Find out in this week’s episode! Making Sense…
Do We Need More Incentives to Save?
In Ep. 317 of the podcast, the guys discuss incentives from the government to save money, and if we need MORE. They discuss funding emergency savings accounts, and how 401(k)s have changed over the years as well. Show Notes ‘People Don’t Save Enough for Emergencies, but There are Ways to Fix That’ – Shlomo Benartzi…
The Big Social Security Decision
Deciding when to take Social Security is a big decision. Add a recession and a pandemic into the equation, and things can get messy. In Ep. 316 of the Mullooly Asset Podcast, Brendan and Tim discuss the different factors playing into your Social Security decision. They also discuss a new service coming to 401(k) accounts,…
A Few Reminders About Unemployment
In Ep. 315 of the Mullooly Asset Podcast, the guys discuss a few key points to remember about unemployment and taxes. It seems many people don’t realize that their benefits are counted as taxable income, and could surprise people next year around tax time. They also discuss what serves as a good diversifier for stocks…
All Upside, No Downside
Want to find an investment that gives you all of the market upside with none of the market downside? Sorry, but in Ep. 314 of the Mullooly Asset Podcast the guys explain why that doesn’t exist. They discuss annuities, which type of annuity is appropriate, and they also discuss why private equity funds within a…
Opening Pandora’s Box
The last two economic downturns have been met with unprecedented response from both the Fed and the federal government. In this episode, the guys discuss the potential ramifications of these government actions, and how (or if) they can be scaled back/what does it mean for future recessions? Show Notes ‘Never the Same’ – Morgan Housel…
Managing Risk in Retirement
In Ep. 312 of the Mullooly Asset Management, the guys talk about managing risk in retirement. They talk about finding the right allocation of stocks and bonds, the importance of rebalancing and what that can do for your portfolio, and more! Show Notes ‘Is it Time to Rebalance?’ – Christine Benz – Morningstar ‘5 Ways…
“Living Off of the Interest”
In Ep. 311 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss the idea of “living off of the interest” and not touching your principal in retirement. In today’s environment, it might not be as feasible as many people think. They also discuss why there is always a reason to sell, or be bearish,…
How to Lose Your Shirt in 10 Days With Leverage
In Ep. 310 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss the dangers of leverage once again with a great example in The Wall Street Journal. Leveraged investment products are a great way to go broke really quick. They also discuss massive market moves in the same year, and the importance of earnings…
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What is Your Money REALLY For?
In Ep. 309 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss a handful of articles that revert back to one main theme: what is your money actually for? Figuring out what your money is really for can make investing, saving, and so much more easier! Show Notes ‘Why College Savers Should Stay the…
Making Sense of the Unemployment Numbers
In Ep. 308, Tom, Brendan, and Tim discuss how the initial jobless claims number is calculated, why the number is “fluid”, and what – if anything – it means for investors moving forward. They also discuss the state of the mortgage market, and what low bond yields mean for investors. Show Notes ‘Behind Bond Market’s…
What Will the Economic Recovery Look Like?
In Ep. 307 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss ridiculous question of “what letter will the economic recovery look like”, and explain why the letter shape matters way less than individual recoveries. They also discuss oil futures horror stories, piling into gold ETFs, and the thought of tapping retirement accounts or…
Is Leverage a Good Investment Strategy?
In this week’s episode of the podcast, Tom and Tim discuss the dangers of using leverage in your investment strategy. While the upside of leverage may seem great, the downside risk is far too great for more individual investors to handle. They also discuss the unemployment numbers from April and the current state of the…
Is Gold a Good Diversifier?
In Ep. 305 of the Mullooly Asset Podcast, Tom, Brendan and Tim discuss the merits of gold as a diversifier in your portfolio. Does it actually work? Is it good at keeping up with inflation compared to stocks and bonds? Is it worth the risk? They also discuss the situation many colleges and universities are…
Do You Need More Exposure to Oil?
In Ep. 304 of the podcast, Brendan and Tim discuss the oil markets, how people can get exposure to oil, if NOW is the time to be adding exposure, and the risks involved with trying to day trade commodities. They also discuss the dangers of credit cards in an economic crisis, and the importance of…
What Would Warren Buffett Do?
In Ep. 303 of the podcast, Tom, Brendan, and Tim discuss using actions of legendary investors like Warren Buffett as buy/sell indicators for your own portfolios. While there is a lot to learn from these investors, trying to compare the financial decisions they make to your own portfolio might not be the best thing to…
Don’t Check Your Account Daily
In Ep. 302 of the Mullooly Asset Podcast, Brendan, Tom and Tim discuss a handful of topics. Brendan shares some statistics about how often to check your account. The less often you check, the better the chances are of seeing a higher number. They also discuss trying to avoid market panic and not compounding mistakes…
Is Now the Time to Pick Stocks?
In Ep. 301 of the Mullooly Asset Podcast, Brendan, Tom and Tim discuss the common question floating around the office: is now the right time to pick certain stocks? There are so many unnecessary risks involved with choosing individual stocks and bonds, and the guys walk through them. They also discuss the hierarchy of taking…
Stress-Adjusted Returns
In milestone Ep. 300 of the podcast, Brendan, Tom and Tim sit down to discuss “stress-adjusted” returns. Brendan lays out a hypothetical nightmare scenario of someone who retires right before the Lehman collapse and subsequent market sell-off in 2008, and how the returns after a handful of years are exceptional if you stayed on track.…
The Game Plan From Here
In Ep. 299 of the Mullooly Asset Podcast, Tom, Brendan, and Tim discuss questions they’ve been fielding from clients about the game plan moving forward. They discuss what’s happened in the markets, the emotions seen and felt by everybody, and where we stand today. The Game Plan From Here – Transcript Tom Mullooly: Welcome to…
What Do You Say to Worried Investors?
In Ep. 298 of the Mullooly Asset Podcast, Brendan and Tom take a few minutes to talk to worried investors. We’ve been getting a lot of calls from people worried about the markets, and rightfully so. However, as they point out, now might not be the best time to do making changes to your investment…
What to Do With Market Uncertainty
In Ep. 297 of the Mullooly Asset Podcast, Tom talks about the uncertainty surrounding the markets over the last few weeks. He goes over a couple of sensational headlines from the news to demonstrate just what’s been going on lately. Show Notes ‘US Airlines Won’t Need Bailout Despite Coronavirus Woes’ – The New York Post…
Managing Risk with the Coronavirus
In Ep. 296 of the Mullooly Asset Podcast, Tom takes a few minutes to address the coronavirus, the market sell-off from this week, and what it means for people’s risk tolerance. It’s one thing to want to be “aggressive” in an up market, but few people are really comfortable with what that means in a…
Changes to the Kiddie Tax
In Ep. 295 of the Mullooly Asset Podcast, Tom talks about a handful of important topics. He discusses new change to the Kiddie Tax, how to think about and interpret market futures, and the implications of the Morgan Stanley/E-Trade acquisition. Show Notes ‘Morgan Stanley is Buying E*Trade, Betting on Smaller Customers’ – The Wall Street…
What Happens to Old 401(k)’s?
In Ep. 294 of the Mullooly Asset Podcast, Tom talks about what happens to your old 401(k) account from your previous job(s). An article from Forbes highlights how people lose money, or don’t do the right thing, when they leave old 401(k)’s behind or cash them out after leaving a job. Show Notes ‘There is…
How to Avoid Lifestyle Creep
In Ep. 293 of the Mullooly Asset Podcast, Brendan and Tom discuss avoiding the effects of lifestyle creep when you get a raise, whether or not we are overdue for a recession, and more! Show Notes ‘Do Recessions Need to Happen?’ – Cullen Roche – Pragmatic Capitalism ‘Putting the Next Market Downturn Into Perspective’ -…
Why Stocks Go Up & Down
In Ep. 292 of the Mullooly Asset Podcast, Brendan and Tom identify the ONE definite reason that makes stocks go up and down before diving into a few great articles from this week. Be sure to check the show notes to find the charts they discuss later on in the episode! Show Notes ‘Asset Allocation…
Have You Done Your 2019 Taxes?
In Ep. 291 of the Mullooly Asset Podcast, Tom walks us through a letter he received from his accountant that outlines a handful of things to consider before getting your taxes done for 2019. When it comes to doing your taxes, you definitely DON’T want to rush it, and you definitely DO want to be…
What’s the Most Reliable Indicator?
In Ep. 290 of the Mullooly Asset Podcast, Brendan and Tom discuss price targets for 2020, what weight they actually hold, what exactly “reliable” indicators are, and how long you should plan on working. Show Notes ‘How Jeffrey Gundlach’s Predictions for 2019 Turned Out’ – Bloomberg ‘Investors, Revel in Your Ignorance’ – Wall Street Journal…
What Should We Expect in 2020?
In Ep. 289 of the Mullooly Asset Podcast, Tom addresses what happened in the market in 2019, and what we should realistically expect in 2020. He talks about what past markets have looked like after big up years, and why it’s not a great idea to change your investment allocation solely based on what happened…
The Building Blocks of Investing
In Ep. 288 of the Mullooly Asset Podcast, Brendan and Tom discuss the building blocks of investing. There is a hierarchy of questions and topics that need to be answered before you pick the investments that go into your account, and we outline them here for you! Show Notes ‘How Do Your Financial Priorities Stack…
‘Tis the Season for 2020 Market Forecasts
In Ep. 287 of the Mullooly Asset Podcast, Brendan and Tom discuss 2020 market forecasts, why they aren’t helpful, and why it’s important not to hang your hat on other people’s predictions. Nobody can predict the future, but for some reason people expect “market experts” to try. Show Notes ‘The Ultimate Market 2020 Playbook’ -…
What to Know About Your Retirement
In Ep. 286 of the Mullooly Asset Podcast, the team discusses a handful of important topics surrounding retirement. From planning for retirement, knowing how much risk you need to take with your portfolio, what to do if a bear market hits right before you retire, and more! Show Notes ‘How Much Risk is TOO Much…
How Long Can Bull Markets Last?
In Ep. 285 of the Mullooly Asset Podcast, Brendan and Tom discuss just how long bull markets can go for. It’s usually a lot longer than most people expect. They also talk about a new proposed way to pay off student loan debt. Show Notes ‘Rand Paul’s New Bill Would Let Americans Pay Off Student…
Cash on the Sidelines
In Ep. 284, Brendan and Tom discuss the often-used phrase “cash on the sidelines” and how market pundits like to use it as a signal for the market. They also discuss home prices and the slow generational transfer of property. Show Notes ‘Investment Signals Would Be Great, If They Worked’ – John Rekenthaler – Morningstar…
The Problem with Car Loans Today
In Ep. 283 of the Mullooly Asset Podcast, Brendan and Tom discuss their biggest issue with car loans today. The length of the loans make monthly payments seem affordable, but really keep the individuals in a never-ending payment schedule costing more than they thought. Show Notes ‘A $45,000 Loan for a $27,000 Ride: More Borrowers…
Investing Armageddon
In Ep. 282 of the Mullooly Asset Podcast, Brendan and Tom look at claims made by famous market callers who claimed “armageddon” was coming for the market. What would have happened to your investments if you had listened to them at the time? Show Notes The Consequences of Listening to the Armageddonists, 2010-2019 Investing Armageddon…
Should You Trade Because of Elections?
In Ep. 281 of the Mullooly Asset Podcast, Brendan and Tom discuss the upcoming Presidential election in 2020 and what it should mean for your portfolio. Should you make changes based on who wins or loses? They also discuss estate planning for college students, and a hierarchy of stock market losses. Show Notes ‘Morgan Stanley…
Decision Making 101: Student Loan Edition
In Ep. 280 of the Mullooly Asset Podcast, we answer a handful of questions surrounding student loans. There has been A LOT of news surrounding the amount of debt people have, whether or not to go to college, how to take out/pay off loans, so we recap everything for you in this episode. Show Notes…
Is the 60/40 Portfolio Dead?
In Ep. 279 of the Mullooly Asset Podcast, Brendan and Tom discuss whether or not the traditional 60/40 portfolio is still a viable option for investors. They outline what the portfolio is, why “defaults” for investor portfolios aren’t ideal, and more! Show Notes ‘Bank of America Declares ‘The End of the 60-40′ Standard Portfolio’ -…
Let’s Talk About 403(b) Plans
In Ep. 278 of the Mullooly Asset Podcast, Tom and Tim discuss 403(b) plans and some of the unappealing sales practices that get tied along with them. It’s important for teachers and other 403(b) participants to know the truth. They also discuss rules of thumb when it comes to saving for retirement. Show Notes Tony…
Pros and Cons of Commission-Free Trading
In Ep. 277 of the Mullooly Asset Podcast, Tom and Brendan discuss the recent changes from many brokerage firms to offer commission-free trading. There are definitely many pros to this development, but there are certainly some cons too. They also discuss an issue surrounding Social Security benefits as well. Show Notes ‘The Upside of Commission…
Informational Edges are Extinct
In Ep. 276 of the Mullooly Asset Podcast, Tom and Brendan discuss why informational edges in the market are extinct, and anyone who thinks otherwise is deluding themselves. They also discuss why tethering your ability to retire, or happiness in retirement, to a specific portfolio balance number is a recipe towards being unsatisfied. Show Notes…
Our Thoughts on Gold
Every so often we hear about gold spiking up in the markets. We eventually get a few phone calls from folks interested in exploring gold in their portfolios. We always have the same response. After seeing an article in Forbes about gold, Brendan and Tom decided it was a good time to broadcast our feelings…
Do You Have a Good 401(k) Plan?
In Ep. 274 of the Mullooly Asset Podcast, Brendan and Tom discuss what constitutes a “good” 401(k) plan. It’s not necessarily having funds that have performed the best over the last few years, but there are other factors that play into the quality of a plan. Show Notes ‘401(k) Investors: Avoid These 20 Mistakes’ -…
How Hurricanes and Markets are Similar
In Ep. 273 of the Mullooly Asset Podcast, Brendan and Tom discuss how hurricanes and markets are alike. With Hurricane Dorian making its way around the east coast, many folks are making projections and predictions on where, when and how hard it will hit. Sound familiar? They also discuss what a P/E ratio means, the…
Navigating a Down Market Before Retirement
In Ep. 272 of the Mullooly Asset Podcast, Tim and Tom discuss a handful of different topics like market “bubbles”, Andrew Luck’s retirement, investing scams on dating apps, navigating through a down market as you’re closing in on retirement, and much more! Show Notes ‘Andrew Luck’s Retirement Shows What Happens When You Don’t Fix an…
Markets Don’t Repeat Themselves, But They Often Rhyme
In Ep. 271 of the Mullooly Asset Podcast, Brendan and Tom discuss a couple of interesting articles. They first discuss what Jim Cramer had to say about trying to time the market based off the yield curve inversions, and then go into a discussion about taking on more debt just because interest rates are low.…
Continue Reading Markets Don’t Repeat Themselves, But They Often Rhyme
Is Now the Time to Refinance?
In Ep. 270 of the Mullooly Asset Podcast, Tim and Tom discuss a handful of topics. The first two have to do with the lower interest rates, and mortgage debt in the US. With lower rates, it could be a good time to refinance, BUT there are still a handful of variables to consider. Show…
You’re Allowed to Buy Lattes
In Ep. 269 of the Mullooly Asset Podcast, Brendan and Tom discuss a handful of topics. They talk about financial worries that many people have that they really shouldn’t worry about, myths surrounding the FIRE movement, why buying lattes won’t kill your personal finances if other things are in order, and more! Show Notes ‘4…
Gaming the Financial Aid System
In Ep. 268 of the Mullooly Asset Podcast, Brendan and Tom discuss a handful of articles covering topics like how some wealthy parents are trying to game the financial aid system, the IRS tracking down cryptocurrency owners, and more! Show Notes ‘Top 100 Financial Advisors of 2019’ – Investopedia ‘College Financial Aid Loophole: Wealthy Parents…
Retirement Can Be Longer Than You Think
In Ep. 267 of the Mullooly Asset Podcast, Brendan and Tim discuss a couple important articles. First, they discuss a piece from Ben Carlson outlining just how long retirement can be for some folks, and why outliving your money is a real possibility if you don’t invest accordingly. Second, they talk about the disappointing story…
Capital Gains are GOOD
In Ep. 266 of the Mullooly Asset Podcast, Tim and Tom talk about two interesting articles. The first talks about why capital gains are a good thing, even though most investors loathe paying tax on them. The second talks about the SECURE Act. Tim and Tom discuss what changes are coming, and why they might…
Does Your Checking Account Pay For Your Hulu?
In Ep. 265 of the Mullooly Asset Podcast, Brendan and Tim discuss a few very interesting articles. They start off with an article outlining how some banks are offering to pay for your subscriptions like Hulu, Spotify, and Costco to win your checking account business. They also touch on why it’s still acceptable to buy…
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Don’t Go Chasing Interest Rates
In Ep. 264 of the Mullooly Asset Podcast, Brendan and Tom discuss the futility of chasing interest rates at banks. Chasing a rate change of .1% isn’t worth your time, but when is it okay to look to make a switch? They also discuss certain ripple effects that could happen if certain legislation is enacted…
What is Regulation Best Interest?
In Ep. 263 of the Mullooly Asset Podcast, Tom and Tim discuss all of the ins and outs of the new Regulation Best Interest coming out of Washington for the financial services industry. What does it mean for advisors/brokers? What does it mean for investors? Find out in this episode! Show Notes ‘SEC’s New ‘Best…
Lessons From Market Crashes
In Ep. 262 of the Mullooly Asset Podcast, Tom and Tim discuss an article from author Jonathan Clements about his experience and takeaways from the last five market crashes. Tom adds his own perspective on those times in the market, and what the most important lessons were from each. Show Notes ‘What I Learned From…
The Benefits of Health Savings Accounts
In Ep. 261 of the Mullooly Asset Podcast, Tom and Tim discuss three important articles. The first discusses the responsibilities of executors and tax implications in the estate planning process. The second talks about mutual fund and ETF fees and the gap between the cheapest available versus what people pay in retirement plans. The last…
IPO’s Don’t Fit in Your Financial Plan
In Ep. 260 of the Mullooly Asset Podcast, Brendan and Tom discuss IPO’s like Blue Apron, Lyft, Uber and more and if they have a legitimate place in your serious financial plan. They also discuss the amount of advice brokers are allowed to give clients, and the topic of dual-registration in the industry. Show Notes…
Potential Changes to Your 401(k)
In Ep. 259 of the Mullooly Asset Podcast, Brendan and Tom talk about some proposed changes to retirement plans making their way through Washington at the moment. There would be changes to products offered within 401(k) accounts, distribution ages, and more! Show Notes ‘House Passes Bill Making Changes to U.S. Retirement System’ – The Wall…
Social Security is Not a Bond
In Ep. 258 of the Mullooly Asset Podcast, Brendan and Tim talk about a few interesting articles from the last few days. They discuss why Social Security should not be considered the bond portion of your portfolio, a “hidden” cost of 401(k)s, unnecessary monthly subscriptions and more! Show Notes ‘Stop Wasting Money on Unnecessary Monthly…
Sunk Costs, Todd Frazier, and Moving On
In Ep. 257 of the Mullooly Asset Podcast, Brendan and Tom broach the subject of sunk costs. They start out by discussing the sunk costs of some Mets contracts, like Todd Frazier, and compare it to certain investments/products in a portfolio that need to go. Sunk Costs, Todd Frazier, and Moving On – Transcript Tom:…
Un-spinning a Confusing Annuity Pitch
In Ep. 256 of the Mullooly Asset Podcast, Brendan and Tom talk about a not-so-great pitch for an equity indexed annuity that Tom saw in his LinkedIn feed. They break down what’s right and what’s wrong in the video, and explain some of the complicated, confusing aspects of annuities. Show Notes Click HERE to watch…
Why You Don’t Have an Informational Edge Investing Today
In Ep. 255 of the Mullooly Asset Podcast, Brendan and Tim discuss a few great articles from this week. They talk about why informational edges rarely exist anymore when it comes to investing, and what James Harden has to do with it. They also talk about why people care more about shark attacks and stock…
Continue Reading Why You Don’t Have an Informational Edge Investing Today
Why IPO’s are Just Another Form of Gambling
In Ep. 254 of the Mullooly Asset Podcast, Brendan and Tom talk about the blunders made surrounding the Zoom IPO, and why buying shares of an IPO is really just a different form of gambling your money. They also discuss a PR nightmare for the robo-advisor at SoFi, and how to reduce some “pain points”…
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A 401(k) Loan is Not an Investment
In Ep. 253 of the Mullooly Asset Podcast, Brendan and Tim discuss a few important topics. They talk about why a 401(k) loan, though not ALWAYS a bad idea, is not an investment. They also talk about why finance is so taboo for most people, and when the best time to change an allocation is…
How Much Risk is TOO Much Risk For Retirees?
In Ep. 252 of the Mullooly Asset Podcast, Brendan and Tom tackle two very important topics. They discuss an article written for retirees and pre-retirees about having potentially too much risk in their portfolios. They also talk about a few common misconceptions between mutual funds and ETFs that they’d like to set the record straight…
Continue Reading How Much Risk is TOO Much Risk For Retirees?
A Different Kind of Student Debt
In Ep. 251 of the Mullooly Asset Podcast, Brendan and Tom touch on a number of different topics. They discuss ‘generational buying opportunities’, saving on housing costs, a different kind of student debt, and effective ways to give money to adult kids. Show Notes ‘Generational Buying Opportunity’ – Douglas A. Boneparth – Bone Fide Wealth…
Ep. 250: The Best of the Best!
In Ep. 250 of the Mullooly Asset Podcast, we take a look back at some of the best topics from the last 50 episodes. We hear from Tom, Brendan, and Tim about topics like minimizing student loans, why market timing is futile, the real value of going to college, trying to put your money back…
Important Tips for Filling Out the FAFSA
In Ep. 249 of the Mullooly Asset Podcast, Brendan and Tom talk about a couple of important different topics. They begin by giving some important notes about filling out the FAFSA, talk about a key flaw they found in an experience with a tax preparer, and the importance of hanging on to the lagging funds…
Ep. 248: Key Information for All Retirees
In Ep. 248 of the Mullooly Asset Podcast, Brendan and Tom talk about a great post from our friend Ashby Daniels. Ashby collected a handful of really useful, telling charts about retirees and people nearing retirement. Tom and Brendan add their own two cents on the matter, and make it a conversation all retirees should…
What is a Safe Withdrawal Rate in Retirement?
In Ep. 247 of the Mullooly Asset Podcast, Brendan and Tom talk about a few articles that touch on the topic of withdrawal rates from retirement accounts. There are a lot of answers to the question “what is the best withdrawal rate?” Brendan and Tom try to break it down as simply as possible for…
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Ep. 246: Is Going to College Really Worth It?
In Ep. 246 of the Mullooly Asset Podcast, Brendan and Tom talk about a handful of topics. They talk about a recent study that shows the earnings of people who don’t have a college education versus those that do, and how the new tax laws are affecting individuals this year. Brendan sheds light on the…
Continue Reading Ep. 246: Is Going to College Really Worth It?
Ep. 245: Does Trend Following Work?
In 2009 there were probably a lot of headlines that read something like “Why Buy and Hold Doesn’t Work”. Turns out, 10 years later, that would’ve been the exact worst time to ditch your buy and hold strategy. The previous ten years though? Trend following looked like the right move. In Ep. 245 of the…
Ep. 244: JPM Coin, Repaying Student Loans, Retirement Savings Help
In Ep. 244 of the Mullooly Asset Podcast, Tim and Tom talk about a handful of current financial news. They discuss the new “crypto” coin from JP Morgan, why 7 out of 10 people feel they will be financially better off next year, new ways to repay student loans, and how the government is trying…
Continue Reading Ep. 244: JPM Coin, Repaying Student Loans, Retirement Savings Help
Ep. 243: 529 Plans, Whole Life Insurance, & Market Timing
In Ep. 243 of the Mullooly Asset Podcast, Brendan and Tim dive into a handful of articles from this week. They touch on the difference between broker-sold and direct-sold 529 plans and how the latter benefits participants, the reasons against “permanent” life insurance, and the futility of market timing. Show Notes ‘The Hidden Factor Could…
Continue Reading Ep. 243: 529 Plans, Whole Life Insurance, & Market Timing
Ep. 242: Buying Company Stock & Accelerated Mortgages
In Ep. 242 of the Mullooly Asset Podcast, Brendan and Tom talk about buying too much company stock and the concept of “accelerating” your mortgage. Having too much company stock in your portfolio could be a potentially dangerous thing. There are many ways to “accelerate” your mortgage payments, some more complex than others. We break…
Continue Reading Ep. 242: Buying Company Stock & Accelerated Mortgages
Tim’s Top Links – 2/1/19
Just as everyone expected, the worst December’s for stocks was followed up by the best January’s for stocks! We all knew that was going to happen…right? Just a nice reminder that the market humbles even the best of investors every once in a while. Let’s have a great February! Here’s what I’ve been reading this…
