Bloom Investment Counsel, Inc. Q3/22 Market Commentary

Watch M. Paul Bloom, CIO at Bloom Investment Counsel, Inc. review Q3/22 and share his thoughts on investment markets for the remainder of 2022.

If you are a high-net-worth individual, family office, foundation, corporation, institution or trust and would like to receive a copy of our detailed Q3/22 review and outlook, please subscribe here.

Our overall objective for clients’ money is for handsome total returns: income and capital appreciation by investing in higher yielding common equity stocks with a market capitalization over half a billion.

Since the commencement of this year, clients’ portfolios have performed relatively well. Our outperformance is not an anomaly or coincidence. Many studies have shown that over decades, higher dividend-paying stocks in which Bloom specializes, have substantially outperformed the S&P/TSX Composite Index.

Two takeovers in the last 6 months at over 80% premiums to the then closing share prices speak to the hidden values within our portfolios. Still, we see a number of our other portfolio holdings as being exceedingly inexpensive at present and ripe for further takeover activity.

While the current investment market will face an uphill battle, despite this, we believe our portfolios can continue to perform relatively as well as they have over the last 12 months. While we review our long-term performance history, we note that some of our best years were in higher interest rate and inflationary environments.

We believe that this can and will be repeated in the current environment.

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, October 7th, 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 actively managed, customized Canadian and U.S. dividend-paying portfolios for wealthy individuals, family offices, foundations, corporations, institutions and trust.

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.

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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.

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