Emotional Investing: Keep Your Feelings Away From Your Money
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Emotional Investing: Keep Your Feelings Away From Your Money

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Emotional investing comes in many forms. No matter the form it isn't good to practice. When you let your feelings get in the way of your investing strategy it can hurt your performance. That is why......

Emotional investing comes in many forms. No matter the form it isn't good to practice. When you let your feelings get in the way of your investing strategy it can hurt your performance. That is why we use point and figure charts at Mullooly Asset Management.

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  • 1. Mullooly Asset Management Podcast September 4, 2013 Mullooly Asset Management September 2013
  • 2. Things We’ve Heard Before  “I can’t sell that stock, my grandparents bought it for me”  “I will buy after the war ends”  “The economy is terrible. Stocks? No way”  “So-and-so (on TV) thinks I should wait” Mullooly Asset Management September 2013
  • 3. More Emotion Driven Statements  “I know someone in that industry and I will NEVER buy that again”  “No one is buying (fill in the blank) anymore…”  We’ve been in (fill in the blank) for a while…nothing is happening”  “We’ve made ___% in XYZ. Shouldn’t we be selling?” Mullooly Asset Management September 2013
  • 4. Emotion-free Investing Point and Figure Technical Analysis = No Emotion  Clear buy and sell signals  Shows what is in demand/what has too much supply  Shows favored sectors/favored names in sectors  Shows when it is time to move on Mullooly Asset Management September 2013
  • 5. The Charts at Work  Financial sector gave strong message April 9, 2007  Broke a support line  Clear sign to move out of financial sector - One year before Bear Stearns - 18 months before Lehman Mullooly Asset Management September 2013
  • 6. The Bottom Line  Hanging around too long/avoiding making tough decisions hurts investment performance  Better off sticking with emotion-free indicators like point and figure charts Mullooly Asset Management September 2013
  • 7. None of the securities mentioned in this (or any) podcast or video represent past specific recommendations of Mullooly Asset Management. This video is NOT a recommendation to buy or sell any of the securities mentioned here. If you’re relying on a podcast for investment advice, you are likely making a huge mistake. We strongly urge our listeners to consult with their investment advisor before they make a decision to buy or sell any investment. Mullooly Asset Management September 2013
  • 8. Mullooly Asset Management, LLC support (at) mullooly (dot) net 732-223-9000 www.mullooly.net Mullooly Asset Management September 2013