Evan Harp sat down with Paragon Wealth Group’s Sean Mullervy to discuss his new practice, investment philosophy, and how U.S. debt and new tax policies could impact investors.
Evan Harp: When and how did your practice begin?
Sean Mullervy: I became an employee financial advisor in 2000, an independent financial advisor in 2011, then transitioned my independent practice and founded Paragon Wealth Group in 2024.
Harp: What is your investment philosophy?
Mullervy: I shared that on MoneyTalk Radio South Florida, then turned my best shows in to Dollars And Sense book chapters.
I’m a firm believer in asset allocation and diversification. I’m also a firm believer in strategic asset management and long-term investing. My clients’ portfolios are based on their: financial profiles, investment objectives, time horizons, risk tolerances, and income and liquidity needs. I listen to their goals and concerns, then recommend my allocations and investments, not the other way around. I review my clients’ portfolios periodically, and rebalance them when necessary.
Portfolios are like prescriptions; they’re not perfect. You want the ones that have the most benefits with the least side effects.
Times, people, and technologies change, but investment principles never change.
Harp: What’s the biggest obstacle you had to overcome, and how did you do it?
Mullervy: Starting my business and surviving my first year with no money or good leads, only a desk and a phone in a closet. I wrote a short story about that called, Finally Figured Out What I Want To Do With My Life…Now What?!. Anyone who wants to build something from nothing should read it.
Harp: What’s something that’s happening in the market right now that you think not enough people are paying attention to?
Mullervy: The U.S. national debt now, and potential U.S. tax changes within the next few years. Paying down over $35 trillion of debt will take more than just tax increases, or just budget cuts; it will take a combination of both. Some of those tax increases may come sooner than later if many of the reforms in the Tax Cuts and Jobs Act (TCJA) expire in 2025, and are not extended or negotiated. The next president and Congress will have a lot to do with that, and the overall tax environment.
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