Welcome back to our Spotlight Series, where we interview and showcase members from our team!
In this month’s “Spotlight,” we’d like to introduce you to Art Molloy, our President & Founder. With 41+ years of professional experience, Art prides himself on delivering financial advice with the highest integrity, including creative and thoughtful solutions to your financial planning and investment management needs. In this interview, we get to know the journey that brought Capital Growth to life.
Well, I was actually working with someone else in the industry, and I just knew that I could be doing a better job by running a business on my own, so I set up shop and started Capital Growth in 1983!
I would say that delivering outstanding results to my clients is the part of my job that I enjoy the most. It’s not just investment returns, but innovative solutions and providing five star service.
In my sophomore year of college right, before college started back up for that summer, I discovered the stock market and began to read intensely about investing and how the stock market worked. I was fascinated and sucked in right away.
The very first trade I made was an options trade. I bought April call options on digital equipment corporation when I was 19 years old. That trade made me 11 times my money which is like taking drugs for the first time… It’s very addictive.
I turned $333 into $4,000.
By far the biggest misconception is that they think it’s easy. And then they also think that index funds are all that you need. The real problem is having the mental fortitude to know when to hang in there, buy more or get rid of some, sell off positions. That’s really the difficult part, because you have to be selling when everyone else is feeling greedy and you have to be buying when everyone else feels anxious.
The 1987 stock market crash felt similar, but there really hasn’t been a time that is even remotely close to how this year has gone.
I probably didn’t do as good a job on this as I could have. I felt that it was important for them to make their own discoveries and their own paths in life. That’s how I ended up finding my passion and I wanted that for them.
I actually have a couple, one is golf, the other is taking exercise walks with Dana. We walk around 4 to 6 miles about 5 days a week.
That would be phone or email. I don’t give out my cell phone number so no texts (please!). Also, I only access emails on my computer in order to keep my cell phone as a personal device, not a work device. It helps me keep my life in balance.