Author: Bloom Investment Counsel, Inc.

Can You Over Diversify Your Investment Portfolio?

As the saying goes, you can have too much of a good thing. This principle applies to most things in life including portfolio diversification.

When applied efficiently, portfolio diversification is a proven method for reducing overall portfolio risk exposure. However, it is possible to over-diversify investment portfolios.

In his book, One Up on Wall Street, Peter Lynch coined the term “diworsification”, which has evolved as a label for over-diversifying portfolios where too much diversification actually worsens portfolio performance.

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Wealth Planning for Uncertain Times

Uncertainty is inevitable, especially in relation to investment markets. Investment markets are affected by a host of events. Just recently we have experienced the COVID-19 pandemic, the war in Ukraine, increasing global inflation, and the threat of recession.

During uncertain times and the resulting investment market volatility it is common to feel that you have no control over your financial future. To maintain a sense of control and avoid knee-jerk reactions to uncertainty you must be focused on long-term financial goals.

Remember, investment markets have always recovered from uncertainty and downturns.

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6 Tips to Improve Your Credit Score

Your credit score is an important factor in determining your financial health. Having a good credit score is essential for anyone who wants to take out a loan or make a large purchase. A good credit score also makes you eligible for preferred interest rates, which can save you money in the long run. Fortunately, there are some simple steps you can take to improve your credit score and get on the path to financial success. In this article, we will discuss tips to help you quickly and effectively improve your credit score.

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How to Build Wealth in Retirement

Retirement is a major life accomplishment and can mean any number of things to different people.

For many, however, it means the freedom to do whatever it is you enjoy most. This may include never working again, spending more time with family, enjoying your hobbies, traveling more, or even continuing working at your profession part-time, but without the dependency on your previous full employment income.

For some, retirement may last nearly as long as their employment years. Therefore, you will want to continue to build your wealth during retirement.

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The Responsibilities of an Executor

Although it may be considered an honour to be asked to act as an executor, there are many responsibilities involved that can make the task quite complex and time-consuming. Ensuring you understand these responsibilities will help you to choose the person best suited to be your own executor, as well as guide you if you are appointed as executor on someone’s behalf.

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