Author: Bloom Investment Counsel, Inc.

Estate Planning for Your Global Assets

Written by Bloom Investment Counsel, Inc. on September 25, 2023. Posted in Estate Planning. No Comments on Estate Planning for Your Global Assets

Estate planning is a crucial aspect of financial management, and it is no longer limited to just your local assets. As the world becomes increasingly interconnected, you may have accumulated assets in various countries, making it essential to have a more comprehensive estate plan that addresses these global holdings.

Estate planning for your global assets involves careful consideration of various factors such as laws and regulations, tax implications, and cultural differences across different jurisdictions. By engaging in comprehensive estate planning for your global assets, you can have peace of mind knowing that your wealth will be managed and distributed according to your preferences while minimizing potential complications or disputes that may arise due to cross-border complexities.

4 Reasons You Shouldn’t Ignore Estate Planning

Written by Bloom Investment Counsel, Inc. on September 18, 2023. Posted in Estate Planning. No Comments on 4 Reasons You Shouldn’t Ignore Estate Planning

Estate planning involves a lot more than just making a will. One of the main purposes of an estate plan is to ensure that all your final wishes are carried out in the most tax-efficient manner possible, thereby maximizing the value of your estate for your beneficiaries.

An estate plan is the single most effective way to preserve your wealth and transfer your assets efficiently and tax-effectively in accordance with your wishes. We describe below four reasons why you shouldn’t ignore estate planning.

The Importance of Conventional Investment Managers in 2023

Written by Bloom Investment Counsel, Inc. on September 18, 2023. Posted in Investing. No Comments on The Importance of Conventional Investment Managers in 2023

working with a conventional investment manager

In the ever-evolving landscape of investment management, the role of conventional investment managers remains crucial and indispensable. While new technology and digital platforms have gained prominence and greater usage in recent years, conventional investment managers bring a unique set of skills and expertise that cannot be replicated by automated systems.

Should You Hold Cash in Your Portfolio?

Written by Bloom Investment Counsel, Inc. on September 11, 2023. Posted in Investing. No Comments on Should You Hold Cash in Your Portfolio?

Experienced investors will almost always have a balance in cash and/or cash equivalents (like 90-day treasury bills or other money market investments) as part of a well-diversified investment portfolio.

On a day-to-day basis, holding cash or cash equivalents can provide some form of relief should unforeseen expenses arise. From an investment perspective, viewing cash as part of your asset allocation allows you to hold a defensive cash position and enables swift offensive portfolio purchases, relative to investment market movements.

One Year Later: How Has the Luxury Tax Impacted Canadians?

Written by Bloom Investment Counsel, Inc. on September 11, 2023. Posted in Financial Literacy. No Comments on One Year Later: How Has the Luxury Tax Impacted Canadians?

In September 2022, the imposition of a luxury tax sparked significant interest and concern amongst Canadians. This new tax policy raised questions about its potential impact on Canadian consumers and the overall economy.

In this article, we cover the effects of the luxury tax on Canadians and explore its implications for individuals, businesses, and the broader economy over the past year. By examining both the positive and negative consequences, we aim to provide a comprehensive understanding of how the luxury tax has influenced the lives of Canadians.