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Thomas Mullooly
Works at Mullooly Asset Management
Attended Chaminade HS, Mineola NY
Lives in Manasquan, NJ
623 followers|46,674 views
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Thomas Mullooly

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Thank You for Thirteen Years!

+Mullooly Asset Management is nearing the thirteenth anniversary of our founding as a fee-only investment advisory firm. I want to say thank you to all of our clients!
We'd like to thank our clients as we near our thirteenth anniversary as a fee-only investment advisory firm.
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Thomas Mullooly

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The Strength of Bearish Resistance Lines

How strong can a bearish resistance line be on a point and figure chart? Pretty strong. Don't believe me? I've got a text book example to show you on this video.

#pointandfigure #PnF #technicalanalysis #investing  
Tom explains the bearish resistance line, its strength and its importance to point and figure charting.
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Triple Top Buy Signals and Triple Bottom Sell Signals

In point and figure charting, triple top buy signals and triple bottom sell signals are slightly stronger than their double top and double bottom brethren. Learn all about them on the weekly +Mullooly Asset Management video!

#PnF #technicalanalysis #investing  
In point and figure, triple top buy signals and triple bottom sell signals are slightly stronger than their double top and double bottom brethren.
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What is a Point and Figure Buy Signal?

A buy signal is one of the most basic chart patterns in point and figure. I walk through an example on this week's +Mullooly Asset Management video.

#pointandfigure #PnF #investing  
Tom clearly explains the point and figure buy signal. This is one of the most basic chart patterns.
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Bad Things Happen in Negative Trends

In point and figure charting, when an investment breaks its bullish support line and enters a negative trend: bad things happen. +Brendan Mullooly and I discuss this on the weekly +Mullooly Asset Management podcast. We give recent examples of negative trends found in the commodity space.

#pointandfigure #technicalanalysis #investing  
In point and figure charting, bad things happen when investments enter negative trends. The recent weakness in commodities is a great example.
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Avoiding Cognitive Biases: The Disposition Effect

Staying calm, cool and collected while investing is easier said than done. So how can we take emotion out of the picture? Avoiding different cognitive biases like the disposition effect is very important., Having a rules based investing system allows you to be as rational and unemotional as possible.

#investing #dispositioneffect #emotionalinvesting #cognitivebias  
Cognitive biases, like the disposition effect, cause investors to make irrational decisions all the time. How do we combat that at Mullooly Asset?
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Thomas Mullooly

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The Strength of Bullish Support Lines Video

On the weekly +Mullooly Asset Management video, I explain how bullish support lines tend to act like brick walls. These integral parts of point and figure charts allow us to identify a security's trend.

#pointandfigure #PnF #technicalanalysis  
Tom describes the power of bullish support lines in this video with a great example.
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The Bullish Catapult: A Real Life Example

In this video, I share a recently completed bullish catapult. Learn more about this positive point and figure charting pattern. 

#pointandfigure   #PnF   #technicalanalysis   #investing  
Tom shares a recent, real life example of a completed bullish catapult pattern.
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Fee-Based Advisors: Working for You or Their Firm?

Fee-based...fee-only...same thing, right? I've heard this far too many times. On this week's +Mullooly Asset Management podcast +Brendan Mullooly and I clear up the differences of these two business models.

#feeonlyinvestmentadvisor #feebased #feeonly #investing  
Fee-based advisors are NOT the same as fee-only advisors. Fee-based advisors are dually-registered as brokerage firm representatives and investment advisors
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Why You Need to Ask How Your Advisor is Compensated

It's absolutely critical that you know exactly how your advisor is being compensated. Do they make commissions off their recommendations or are they paid a fee solely for advice? These are questions you need to ask!

#investmentadvisor #fiduciary  
You need to ask how your advisor is compensated. Being an independent or fee-based advisor doesn't necessarily mean they're acting as a fiduciary.
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Using a Roth IRA for College Planning

For some people, Roth IRA's might be a preferable college planning tool over a 529 plan. I discuss the reasons why on the weekly +Mullooly Asset Management video.

#RothIRA   #investing   #collegeplanning  
Most people assume saving for college means a 529 plan. However, a Roth IRA can be a college planning tool also.
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Master Limited Partnerships: High Yield, High Risk

Master Limited Partnerships may seem attractive to yield seeking investors. However, there's plenty to be wary of when it comes to these investments. I give some examples on the weekly +Mullooly Asset Management video.

#MLPs  
Most yield seeking investors don't fully understand the risks involved with Master Limited Partnerships or MLP's.
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Have him in circles
623 people
Unified Energy Alliance's profile photo
rkl3D LLC's profile photo
CashFlow Advantage's profile photo
Jason Ashley's profile photo
John Schmoll's profile photo
Manage Your Finance's profile photo
Russell Kith's profile photo
James Godin's profile photo
Making Money Fast and Slow's profile photo
Work
Occupation
Fee-Only Investment Advice in New Jersey
Employment
  • Mullooly Asset Management
    Owner, 2002 - present
  • Morgan Stanley
    1992 - 2002
  • Lehman Brothers
    1990 - 1992
  • Shearson Lehman Brothers
    1986 - 1989
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Manasquan, NJ
Contact Information
Work
Phone
732-223-9000
Email
Address
38 Taylor Avenue Manasquan, NJ 08736
Story
Tagline
I take the lampshade off the guy (or gal) with their investments and financial planning questions.
Introduction
Owner, Mullooly Asset Management a Fee-Only Investment Advisory firm in Manasquan, NJ.  We manage money for individuals.  We also help individuals make changes in their retirement accounts - like 401k accounts, 403b accounts and deferred compensation accounts at work.
Education
  • Chaminade HS, Mineola NY
    1976 - 1980
  • Long Island University C.W. Post Campus
    Business, 1983
  • Long Island University C.W. Post Campus
    MBA, Business, 1985 - 1987
Basic Information
Gender
Male
Other names
Thomas P. Mullooly, Tom Mullooly
Thomas Mullooly's +1's are the things they like, agree with, or want to recommend.
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