• 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
Tims Top Links 768x542 2

Tim’s Top Links – 7/25/18

July 25, 2018 by Timothy Mullooly

Does anybody else get the push notifications on their phone from The Weather Channel telling them when it’s going to start raining?  I’ve been getting them for the last month or so, and it’s made me re-evaluate the way I set my expectations.

The notification will tell me “It is going to start raining at 10:33am in your area.”  So now if I look outside at 10:33am, and it’s NOT raining, I doubt the entire Weather Channel even more than most people doubt weather reports.  It could start raining at 10:40am, but the notification didn’t say 10:40am, did it?

Now is it The Weather Channel’s fault, or did I have unrealistic expectations as to what these push notifications meant?

This ties back to setting client expectations for advisors.  It’s usually a red-flag when we hear people tell us that another advisor told them he could make “8% a year”, or whatever the number is.  Tethering yourself to performance numbers is a great way to disappoint your clients.  Just like the weather is constantly changing, we don’t know what the market is going to do on a yearly, or even daily basis.

Oh, by the way, I turned the push notifications off for the Weather Channel.

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

‘Animal Spirits: The Worst 401(k) Advice’ – Michael Batnick – The Irrelevant Investor

‘7 Skills that Aren’t About to be Automated’ – Adam J. Gustein & John Sviokla – Harvard Business Review

‘The Asset of Gratitude’ – Scott A. Bell – I Heart Wall Street

‘”How Do You Start a Life These Days?”‘ – Josh Brown – The Reformed Broker

‘Piling On’ – Jonathan Clements – Humble Dollar

ENJOY!

Tims Top Links 768x542 2

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: News

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