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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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We Have Inside Information?

September 9, 2007 by Thomas Mullooly

Let’s talk about “inside information” and the stock market.

At some point we have to come to this realization: we’re never going to have complete information — EVER — when it comes to a particular stock or investment.

There will always — I repeat, always — be someone around who has more (better) information than you and I. That could be inside information, or someone who just has their ear a little closer to the ground than we do.

I keep telling everyone: getting your ideas about stocks (and the market) from the media, is a really bad plan. See, we need to make decisions TODAY, because waiting to get all of the facts will always cost us money. Always.

So, how do we make decisions without all the details?

Well, the point and figure charts that we use to manage your money tell us what’s happening — right now. When a stock (or a mutual fund, or a commodity) is in demand, the chart moves up in a column of X’s.

See, the charts don’t wait for the news, or the headlines, to be released. They tell us, without emotion, what’s in demand and what’s in supply. Anything with too much demand will see its price rise. If there’s too much supply — prices WILL be falling.

If the premise of supply and demand works for stuff like Cabbage Patch Dolls and Talking Elmo, why wouldn’t supply and demand work for the stock market?

For some reason, most people in my line of work like to make things much more complicated than they need to be.

Don’t forget that!

Tom

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

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Filed Under: Asset Management

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.

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

  • 732-223-9000
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  • Form CRS
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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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