I have been helping individuals manage their money for over twenty five years.
Actually longer — if you count the days I spent with EF Hutton, before becoming a licensed stockbroker. I have seen everything, so I will not recount the glory days and the gory days here.
We all have our war stories.
Along the way, I learned how making investment decisions based on news can really kill your portfolio. I have employed point and figure analysis to help manage money for my clients since 1997. The beauty of these charts, if you have followed my work, is they cut through all the noise we hear (and read) on a daily basis. All you see on point and figure charts are columns of X’s going up, and columns of O’s going down. The patterns they form point us into the right choices.
No doubt, 2012 will give us some serious headlines. News that will make us want to vomit, and news that will make us scratch our heads.
And only then most folks TRY to figure out HOW this news will affect their investments. Yikes.
Over the weekend, I saw a very famous photo, courtesy of www.championsgallery.com.
It immediately struck me: this is what we ALL need to successfully navigate 2012.
Look at the photo, below:
Managing Money Needs Focus
I want you to look at something in this photo: even though Secretariat was THIRTY ONE LENGTHS in front of the competition…
Notice the blinders.
Notice the eyes.
Forward.
I’ll say it again: 2012 will bring some gut-wrenching news. The beauty of point and figure charting is these charts cut through all the noise we hear (and read) on a daily basis. Point and Figure keeps our blinders on, and keeps our eyes focused straight ahead. Not on some far-off dream like they preach at the big firms (“ya gotta be long term”). All you see on point and figure charts are columns of X’s going up, and columns of O’s going down. The patterns they form, point us toward the right choices.
Point and Figure charts have been pointing people in the right direction since they were created over one hundred years ago, in the 1880′s. These charts do NOT follow the news. They follow the ultimate indicator: prices. News often breaks well after people have placed their bets. In other words, charts will begin moving up (or down) well BEFORE the news is learned. By the time they are talking about it on TV, it is too late.
We remain focused on what is happening in the market, and what is happening with your investments in particular. We are keeping the blinders on, vowing NOT to be distracted.
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Facebook IPO: Will This Be a Great Deal or a Bust?
by Thomas Mullooly on February 6, 2012
Facebook IPO News February 2012
Last week, in February 2012, Facebook filed for their initial public offering of stock. In this podcast, we discuss some of the basics of all IPO’s (Initial Public Offerings) and some of the merits of Facebook which are known at this point in time (February 2012). We do not have all of the information disseminated yet from Facebook at this time.
Any offering of shares can be made by prospectus only.
However, every investment adviser is likely to get calls from clients and prospective clients about Facebook. Their offering will be historic in several ways. Like many famous initial public offerings, shares may be very hard to come by.
But keep this in mind — after the offering, Facebook will be one of the largest publicly traded internet and technology companies. Which means Facebook will probably be attractive to exchange traded funds and mutual funds which invest in technology and the internet.
We have to say “probably” in this blog post and podcast, because we have no guarantee anyone will buy their shares or even if the initial public offering gets completed. It’s also a bad idea to speculate about the future, period! But the media will have a field day with any news regarding a Facebook IPO.
Two other things:
1. This video is NOT a recommendation to buy or sell any of the securities mentioned here.
2. None of the securities mentioned in this video represent past specific recommendations of Mullooly Asset Management.
If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice.
If you would like to see a mutual fund, exchange traded fund or individual stock analyzed using point and figure technical analysis, please contact Mullooly Asset management at 732-223-9000. I would also add the following: Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.
All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions, or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an investor’s portfolio.
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