Author: Bloom Investment Counsel, Inc.

3 Budgeting Mistakes You Should Avoid

Written by Bloom Investment Counsel, Inc. on August 3, 2023. Posted in Financial Literacy. No Comments on 3 Budgeting Mistakes You Should Avoid

Budgeting is an important aspect of financial management. It involves planning and tracking your income and expenses, so you can make sure that you are living within your means. However, even with the best intentions, it’s easy to make mistakes that can derail your budgeting efforts and lead to financial problems down the line.

In this article, we will discuss three of the most common budgeting mistakes and how you can avoid them. By learning from these mistakes and taking proactive steps towards effective budgeting, you can achieve your financial goals and live a more comfortable life.

Investment Mistakes You Should Avoid

Written by Bloom Investment Counsel, Inc. on July 31, 2023. Posted in Investing. No Comments on Investment Mistakes You Should Avoid

Investing is something that should be part of your everyday life. It may be as simple as leaving your money in a company retirement plan or as complex as attempting to actively manage your own stock portfolio.

However you invest your money, there are common mistakes that most investors fall prey to but that you can easily avoid with proper planning and application.

Giving Back: The Focus Has Changed

Written by Bloom Investment Counsel, Inc. on July 25, 2023. Posted in Philanthropy. No Comments on Giving Back: The Focus Has Changed

Over the years, philanthropy has changed. The focus of philanthropy is no longer just about donating money; it has become about connecting with the community, making a difference, and creating positive change. This shift in focus is helping to create lasting change for communities around the world.

Fees Shouldn’t Drive Your Investment Choices

Written by Bloom Investment Counsel, Inc. on July 25, 2023. Posted in Investing. No Comments on Fees Shouldn’t Drive Your Investment Choices

When it comes to investing, it’s important to keep in mind that fees shouldn’t be the sole factor driving your investment choices.

Fees can certainly impact your overall returns and it is important to understand what the fees are and whether you are receiving added value for what you are paying. But fees should not be the only factor driving your investment decisions. Instead, it’s important to consider all of the relevant factors when making investment choices to ensure that you are making informed decisions that align with your long-term financial goals. Your goals should be the primary driver of your investment choices, not fees.

3 Trusts To Consider When Estate Planning

Written by Bloom Investment Counsel, Inc. on July 17, 2023. Posted in Estate Planning. No Comments on 3 Trusts To Consider When Estate Planning

Many people think of their Will as the core of their estate plan, but Wills can be contested and may be subject to a lengthy probate process. Using a trust can circumvent many wealth transfer issues and help relieve much stress for you and your heirs.

A trust can add a layer of protection for your family, loved ones, and legacy once you’re gone.