Mullooly Asset Management

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ It’s been said that, “A goal without a plan is just a wish”. This applies to personal finance, as well as many other aspects of life. Most people wish that they could stop worrying about their finances so much, but they have no plan to achieve that goal. When it comes to finances, not having […] The post Not Having a Plan Means...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ Here at Mullooly Asset Management, we help a lot of individuals manage their retirement accounts at work. In doing so, we’ve taken a look at countless 401k’s, 457’s and 403b’s. Within many of these employer sponsored plans, a Roth option is offered. I’ve noticed some confusion between these Roth 401k’s (or Roth 403b’s…or Roth 45...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ If you’ve looked into buying life insurance before, there’s a good chance you’ve heard the adage, “Buy term and invest the difference”. We do not sell insurance at Mullooly Asset Management or hold ourselves out to be insurance experts. However, we do help our clients out with basic financial planning, and in doing so insurance...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ On this week’s podcast Tim and I discuss why we’re incapable of telling people what age they’ll be able to retire at. This might be disappointing to hear, but it’s the truth. We aren’t able to predict what age you’ll be able to retire at or how much money you’ll need to do so with […] The post We Can’t Predict Your Retirement Ag...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ At Mullooly Asset Management, one of the foundations of our strategy is point and figure charting. Point and figure charting is a type of technical anaylsis that tracks security prices through columns of X’s and O’s. People successfully use other types of technical analysis to manage money, but we prefer point and figure because...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ It may not always be appropriate to max out your 401k contributions. That’s right, Tom and I make the case for not maxing out your 401k contributions on this week’s Mullooly Asset Management podcast. Probably not what you were expecting to hear, right? Let me preface this post by saying that most of the time, […] The post Maybe...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ We’ve definitely seen an increase in job creation recently. This is generally a good economic sign: more jobs being created means consumers are more willing to spend money, thus stimulating the economy. We haven’t seen this lately though, leaving many to wonder what’s up? On this week’s Mullooly Asset Management podcast, Tom and...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ “I’m saving for a down payment on a home.” “I’m saving for my child’s college education.” “I’m saving for retirement.” These are three very different goals, yet all have been deemed “saving”. Not to get picky, but there’s a big difference between saving and investing. It’s important to clarify which one you’re doing. On this wee...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ One of the most frequently quoted time periods in finance is the ambiguous “long term”. We’re all supposed to be long-term investors, and studies show that “over the long term” results will be desirable. This sounds nice, but what is this mythical “long term”? Is there a defined period of time that qualifies as “long […] The pos...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ “Fee-based…fee-only…same thing, right?”. We’ve heard this before, and if it sounds correct to you then the brokerage industry’s obfuscation has succeeded. Just last week, Tom and Brendan discussed why you need to ask how your advisor is compensated. With so many advisors taking the dually-registered route these days, it’s integr...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ Let’s lay out a hypothetical situation here: You haven’t been feeling well and decide that a trip to your doctor is in order. After describing your symptoms to the doctor, they decide to prescribe you Drug A for treatment. You thank the doctor, fill your prescription and move on. Two weeks later, you find out […] The post Why Yo...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ The SPDR S&P 500 ETF (SPY) began trading in January of 1993. That was the first exchange traded fund, and we’ve seen quite the evolution since then. Flash forward 22 years and ETFs have become a market fixture. From ETFs we’ve seen another exchange traded product develop: exchange traded notes or ETNs. Exchange traded note…excha...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ Here at Mullooly Asset Management we use a form of technical analysis called point and figure charting to manage investments. In point and figure, one of the main purposes the chart has it to help us identify trends. Whether we’re looking at a stock, index, mutual fund, ETF or commodity, the chart will show us […] The post Bad T...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ Keeping things in perspective is important. Investors fall victim to cognitive biases sometimes, but we can do our best to avoid that type of behavior. With the strong markets seen in 2012, 2013, and 2014, investors are primed for recency bias to cloud their judgement. It’s imperative to remember that even in good years, the […]...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ According to many market experts, investors should buy and hold always and forever, right? If you’ve been told that before you might be surprised to learn that even the S&P 500 changes its holdings every so often. In fact, according to a recent Business Insider article: “Since 1980, over 320 companies were deleted from the […] T...

Mullooly Asset Management - Fee-Only Investment Advisor Manasquan, NJ On this week’s Mullooly Asset Management podcast, Tom and Brendan discuss a cognitive bias known as the disposition effect. Cognitive biases such as the disposition effect, loss aversion, confirmation bias, and others can negatively affect investment performance. Tom and Brendan specifically address the disposition effect and ho...

This week on the Mullooly Asset Management podcast Tom and Brendan talk about saving money for college. When it comes to saving money for college, we tend to get A LOT of questions about 529 plans here at Mullooly Asset Management. There is a lot of information that you should know about 529 plans before deciding it is the best choice for you. Tom and Brendan cover the pros and cons involved with...

Last week on the Mullooly Asset Management podcast, Tom and Brendan discussed the foundation of financial planning. This is a continuation of that discussion on saving money and your retirement plan . Tom and Brendan talked about taking loans from your 401k account at work in the last podcast. This week they talk about an alternative way that could be used to pay down debt. In a scenario where a p...

In this week’s Mullooly Asset Management podcast Tom and Brendan continue talking about the foundation of financial planning. This week the topic they discuss saving money and your retirement plan. Saving money is a lost habit. In a recent Washington Post article (included in this post) it says that one in four people today take loans from their 401k plan. Personally we think that percentage...

On this week’s Mullooly Asset Management podcast Tom and Brendan continue talking about some of the fundamental building blocks of financial planning . Last week they discussed how financial planning really starts with paying yourself first. Having money saved can help your decision making process become a lot better. In that sense, what you do with your savings is important as well. Compoun...

This week’s Mullooly Asset Management Podcast focuses on some of the building blocks of financial planning. Two very important factors in financial planning are saving and budgets. Tom’s favorite quote about financial planning is pretty simple, in fact it’s only three words. You need to SAVE MORE MONEY! This is the number one thing that people need to do a better job of. Saving m...

In this week's Mullooly Asset Management podcast Tom and Brendan wrap up their talk about indicators. In previous weeks they have discussed long and intermediate term indicators. Long term indicators are a confirming indicator of where the market will be

Tom and Brendan continue their series this week by moving on from last week's topic of long term indicators. This week's Mullooly Asset Management podcast focuses on intermediate term indicators. Chances are if you have a 401k account at work or a persona

In this week's Mullooly Asset Management podcast Tom and Brendan discuss long term indicators. We use point and figure charting here at Mullooly Asset Management, which gives us a great look at things like mutual funds, stocks, and bonds. We can see posit

In this week's Mullooly Asset Management podcast Tom and Brendan discuss retirement withdrawals. When retirement withdrawals come up in conversation the number one question clients want to know is, "Will I outlive my money?". It makes sense that people wo