Michael Mullis
Michael Mullis, managing partner of Kelley & Mullis Wealth Management in Vestavia Hills, was a featured contributor in Forbes over the weekend.
Mullis contributed to an article on investment options for the fourth quarter in 2015. The article included 10 financial advisors who were highly ranked by Barron’s based on their assets under management, annual revenues, years of experience, client retention, charitable contributions and regulatory records.
“It really made me feel good to get that request from Forbes,” Mullis said. “There are so many good advisors in the state and in the nation … It made me feel like we’re doing a good job of managing our clients’ assets.”
In his contribution, Mullis discussed the state of the market and important things individual investors should keep in mind.
Mullis said even though the market isn’t rising as it has the past few years, investors shouldn’t worry that we’re entering a bear market – a market that turns around and begins declining rapidly.
“I feel like it was a good time to express my opinion that we’re not in a bear market, that things aren’t falling apart,” Mullis said.
Some people got used to a market that was always going up, Mullis said, and have voiced concern that it is no longer rapidly improving. The economy is still strong, he said, and people need to look at it from a long-term perspective.
“We have good economic issues going on in the U.S. that would keep us from having a bear market,” Mullis said.
Mullis said while it can be scary to put your opinion in a publication such as Forbes, he hopes to have the chance to work with Forbes again in the future.
“I still wish I had a crystal ball so that I could see the future and make sure everything that I say is going to be 100 percent true, but I haven’t found one yet,” Mullis said.
