Bloom Investment Counsel, Inc. Q1/22 Market Commentary
Watch M. Paul Bloom, CIO at Bloom Investment Counsel, Inc., discuss the firm’s strong performance in Q1 2022, with particular focus on specific investments that helped drive these results. The discussion will also touch on Bloom’s investment philosophy (dividend investing) and our outlook for the remainder of the year.
“What’s happened over the last quarter is that the market being powered, over the last few years, by technology stocks has somewhat disappeared. And the market, now, is more on its own without technology leading the way.
The market is still very high, but other stocks have moved up in their valuation and technology stocks have moved down a little bit.
That actually is very good for our sort of investing because, not because we don’t like technology stocks, but because technology stocks by and large don’t pay dividends, and we only invest in dividend-paying common shares […].
When things, now, are normalized, then we start to shine. And indeed, in the last three months, we’ve been shining.”
Some of the topics that are discussed in this video may contain forward-looking statements. This information, by its nature, is subject to risks and uncertainties that may cause actual events or results to differ materially from such forward-looking statements. Further, please note the date of the recording, April 1st, 2022 as some of the comments are time sensitive.
Bloom Investment Counsel, Inc. is a well-established Toronto-based independent, privately-owned boutique investment management firm providing customized, actively managed, Canadian and U.S. dividend-paying portfolios for wealthy individuals, family offices, foundations, corporations, institutions and trusts.
Founded in 1985, Bloom has experience in managing in excess of $2.5B in assets over the years. We believe that generating independent cash flow is central to the success of our clients’ portfolios because it provides capital for the present day, if needed, while continuing to preserve and build wealth for the future.
Follow Bloom Investment Counsel, Inc. on LinkedIn to stay up to date on our most recent market commentary.
This video is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her financial partner or advisor.