Author: Bloom Investment Counsel, Inc.

How To Start Capitalizing On Rental Income—Property Or Not!

Do you have someone in your life who seems to have complete financial independence, and wondered how they got there? It’s very common for financially successful people to own a property, or even a few and rent out for extra income. While owning a property can be very lucrative, there are a fair share of downsides associated with it, such as high upfront costs, property taxes, and volatile markets. In this guide, we shed light on one of the best kept real estate investment secrets—an alternative to owning a property and renting it out that still lets you reap the benefits of rental income.

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Key Differences Between Day Trading And Investing

The rise of the retail army in equity markets has drawn our attention to a big misconception we often see online—that there is little difference between day trading and investing.

The truth is that day trading and investing are two completely different investment strategies. This article discusses some of the key differences between day trading and investing that are not just about the holding period of stocks.

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Single-Family Office And Multi-Family Office: Which Type Is Right For You?

As wealth accumulates, so does financial complexity. For this reason, many wealthy individuals pursue a holistic and multi-disciplined style of managing wealth through family offices. Do not worry—family offices vary in source (single-family or multi-family) and size (assets under management), therefore you don’t have to be Bill Gates or descendants of Rockefeller to understand and consider this approach to wealth management.

What is a single-family office and a multi-family office? In this article, we will focus on each type of family office to help you explore what type of is right for you.

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Saving Too Much For Retirement Is More Common Than You May Think

It is unlikely that you would ever regret saving too much, but did you know that it is possible to over-allocate to your retirement savings at the expense of your larger financial picture, and to even unknowingly cause tax inefficiencies?

Retirement saving, much like any other aspect of financial planning, is about finding a balance in managing scarce resources to optimize all outcomes and avoid short-changing yourself. This article helps you re-evaluate your retirement savings and see if you are creating a tax trap for yourself in Canada.

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