Helping You Make Better Choices With Your Money
by Tim Mullooly
It’s remarkable what can change in a matter of days. Last week on the Mullooly Asset Show, we talked about Hertz and how it was trading at $0.85 a share. Our point was that not ALL stocks that crash make it back to their pre-crash price.
Since then, Hertz has spiked to roughly $6 a share. While that’s a massive jump, it’s still not even close to where it was (roughly $20 a share), and who knows how long this spike will last. Time will tell.
by Tim Mullooly
I saw a tweet from Patrick O’Shaughnessy yesterday that said one thing to take away from all of this is to “completely disregard ANY investor’s short term market views, no matter their track record or net worth”.
I could not agree more. What the market will do in the very short term is something nobody can consistently predict.
by Tim Mullooly
The dangers of using leveraged investment products is a topic that can’t be brought up enough. In last week’s episode of the Mullooly Asset Podcast, we shared another example of an individual losing their shirt with leverage in just TWO WEEKS.
by Tim Mullooly
At Mullooly Asset Management, we all have our own personal blogs as well. Obviously, I have Living With Money. Brendan has Your Brain On Stocks. Tom has Jersey Shore Financial Advisor. Casey has All Things Are One.
Be sure to check them out! Tom’s latest post is linked below.
by Tim Mullooly
We talk a lot at Mullooly Asset Management about knowing the difference between long-term investing and speculative trading. This week’s episode of the Mullooly Asset Show (linked below) is another perfect example of understanding that important point.