Author: Bloom Investment Counsel, Inc.

The Risks of Do-It-Yourself Investing

Written by Bloom Investment Counsel, Inc. on January 29, 2024. Posted in Investing. No Comments on The Risks of Do-It-Yourself Investing

Do-It-Yourself (DIY) investing, also known as self-managed or self-directed investing, is when you create and manage your own investment portfolio. DIY investors often use digital platforms, online applications, and discount brokerages to build and manage their portfolios rather than employing the help of a qualified professional for advice or portfolio supervision.

DIY investing may offer you more personal control and lower fees, but making decisions based on incomplete information and without the expertise that comes from training and experience can expose you to a multitude of risks.

How to Protect Your Money from a Potential Recession

Written by Bloom Investment Counsel, Inc. on January 29, 2024. Posted in Financial Literacy. No Comments on How to Protect Your Money from a Potential Recession

In uncertain economic times, it is crucial to take proactive steps to protect your hard-earned money from the potential impacts of a recession. By implementing smart financial strategies, you can safeguard your assets and minimize the negative effects of an economic downturn.

How to Start Building Wealth as a Young Adult

Written by Bloom Investment Counsel, Inc. on January 22, 2024. Posted in Wealth Planning. No Comments on How to Start Building Wealth as a Young Adult

You are never too young to begin saving and investing. If you start investing when you are young you are more likely to develop strong wealth-building habits that will last the rest of your life.

7 Streams of Income to Help Make You Money in 2024

Written by Bloom Investment Counsel, Inc. on January 22, 2024. Posted in Financial Literacy. No Comments on 7 Streams of Income to Help Make You Money in 2024

Having multiple income streams is a wise financial strategy that can help you achieve financial security, independence, and freedom. It involves generating income from different sources such as your main job, side hustles, investments, and passive income streams.

To create multiple income streams, you can start by identifying your skills, interests, and passions and finding ways to monetize them. This article covers seven different income streams that you should consider to help make you money.

Bloom Investment Counsel, Inc. Q4/23 Investment Market Commentary

Written by Bloom Investment Counsel, Inc. on January 16, 2024. Posted in Investment Market Commentary. No Comments on Bloom Investment Counsel, Inc. Q4/23 Investment Market Commentary

Despite this past year being a challenging year for Canadian dividend-paying equities with increased competition from rising interest rates and bond yields, our clients experienced strong performance this past quarter, leading to an overall rise in return for the full year.