Author: Bloom Investment Counsel, Inc.

The Most Important Risk for Long-Term and Income Investors

There are few lucrative investments without risk. Accepting no risk means investing in risk-free investments such as certificate of deposits and treasuries, placing money in savings accounts, or doing nothing by holding cash. The truth is that in today’s low-interest rate environment, you may have just traded one risk for another—you have accepted inflation risk.

To build wealth over time, investors need to accept risk, and short-term and long-term investors have different risks to prioritize. This article looks at the most important risk for long-term and income investors who take a long-term approach to investing.

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Top 3 Emotional Reasons Why Estate Planning is Important

Most wealthy individuals think about increasing their wealth during their lifetime, but spend little time thinking about what will happen to their assets after they are gone or when they are no longer able to make decisions themselves. Estate planning is a task that many of us put off until later in life, but no matter your age or wealth, having an estate plan is among the most important things you can do for yourself and for your loved ones.

Without an estate plan, you have little control over what will happen to the assets that you have worked so hard to accumulate. This article points out the top 3 emotional reasons why estate planning is important, so that you can see the blessings estate planning can bring.

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How to Prepare for a Smooth Family Business Succession

How to Prepare for a Smooth Family Business Succession 

A majority of businesses in Canada are family businesses—privately owned companies where one or more family members of the owner (usually children) work in the business. In many cases, the question of succession planning and whether the children will eventually take over ownership of the business often arises.

Passing on a family business to the next generation is a major life event of which many owners dream. Realistically, this does not magically happen and requires carefully mapping out a family business succession plan. This article looks at the challenges of family business succession and highlights preparations to make for a smooth transition.

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Why Closet Indexing Matters and How You Can Protect Yourself as an Investor

Closet indexing is a strategy in which an active portfolio manager closely mimics the portfolio’s benchmark index. This can be unfavourable for investors because they are paying higher management fees for a portfolio that achieves a return profile similar to the benchmark index.  

This article takes a closer look at closet indexing and discusses why it matters as well as useful methods to protect yourself, as an investor, from active portfolio managers who are closet indexers.

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Important Considerations Before Replacing Philanthropic Contributions with Impact Investing

Important Considerations Before Replacing Philanthropic Contributions with Impact Investing

Impact investing, an investment approach that aims to generate specific positive social and/or environmental impacts, while seeking some level of financial return, has been a hot topic and is not a new subject for family offices which play an important role in its growth. Additionally, impact investing has significant appeal among younger generations, such as Millennials, who have an increased desire  to push for environmental improvements or social changes that align with their personal values. This momentum is likely to increase as Millennial investors gain market influence. This article takes a look at what impact investors do, takes a deep dive into impact investing and discusses important considerations when thinking about replacing philanthropic contributions with impact investing.

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