Author: Bloom Investment Counsel, Inc.

6 Powerful Habits of Wealthy and Successful People

Written by Bloom Investment Counsel, Inc. on February 13, 2023. Posted in Life Events. No Comments on 6 Powerful Habits of Wealthy and Successful People

You may often hear people say that building wealth is a simple task: save your money and invest as much of your money as possible. If that’s all it takes, then why isn’t everybody rich?

To put it simply, saving and investing are only a small portion of what the wealthy do to keep themselves successful. It boils down to their habits, discipline, and dedication.

The following six habits are continuously followed by many wealthy, successful people. All of these are doable to help you stay on track to bettering yourself, not only financially, but as a whole.

Should Interest Rates Dictate How You Invest?

Written by Bloom Investment Counsel, Inc. on February 13, 2023. Posted in Investing. No Comments on Should Interest Rates Dictate How You Invest?

Rising interest rates can create stress for you as an investor, especially if you are carrying a high debt load. However, it is important to not let changing interest rates deter you from your long-term investment strategy.

A well-executed financial plan that stays on course is more valuable than a constantly changing investment strategy.

Understanding the relationship between interest rates and investment returns may help relieve much of your stress.

The Basics of an Emergency Fund

Written by Bloom Investment Counsel, Inc. on February 6, 2023. Posted in Wealth Planning. No Comments on The Basics of an Emergency Fund

Living without a financial safety net can threaten your financial well-being and can cause huge amounts of stress if an emergency occurs. Being prepared with an emergency fund gives you the confidence and financial support you need to tackle any of life’s unexpected events.

In this article, we cover what an emergency fund is, what it is used for, how much you should be saving, and where you should keep your money.

Stock Market Anomalies Every Investor Should Know

Written by Bloom Investment Counsel, Inc. on February 6, 2023. Posted in Investing. No Comments on Stock Market Anomalies Every Investor Should Know

The Efficient Market Hypothesis (EMH) suggests that investment markets and stock prices are rational and fully reflect all available information. However, there are times when markets may deviate from EMH due to market anomalies.

An anomaly is defined as a strange or unusual occurrence. With respect to stock markets, the continuous release and quick dissemination of new information and ongoing speculation can mean that markets are not always so efficient.

Many of these market anomalies come and go quickly. Others occur just frequently enough that investors may be tempted to use them as the basis for a trading strategy.

Here we list several stock market anomalies (calendar and trade driven), including some that occur on a semi-regular basis. But do they occur with enough regularity that investors can profit from them?

What Type of Wealth Has Nothing to do with Money?

Written by Bloom Investment Counsel, Inc. on January 30, 2023. Posted in Philanthropy. No Comments on What Type of Wealth Has Nothing to do with Money?

How do you define wealth? A person’s wealth is often defined solely by the amount of money in their bank account or their net worth. While wealth does measure the value of one’s assets, you can be wealthy in ways that do not include money – wealth comes in many forms.

In this article, we explore one way, other than financial status, in which wealth can be measured.