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Is Buying a House a Good Investment to Build Wealth?

Written by Bloom Investment Counsel, Inc. on October 12, 2022. Posted in Life Events. No Comments on Is Buying a House a Good Investment to Build Wealth?

Many people may tell you that buying a house is a good investment to build wealth—but is it, really?

Buying a house requires taking money out of your pocket for the initial purchase and an ongoing outlay of cash for property taxes, maintenance, insurance, and utilities, among others, for as long as you own the house. This article points out two additional, hidden, downsides of purchasing a house for investment purposes which you may wish to know before you decide to purchase your next investment property.

What Does a Stock’s Dividend Yield Mean?

Written by Bloom Investment Counsel, Inc. on October 12, 2022. Posted in Investing. No Comments on What Does a Stock’s Dividend Yield Mean?

Dividend yield on a stock means how much dividend income you will likely receive relative to the current price of the stock. It is the ratio of a stock’s annual dividend payment compared to its current price. However, dividend yield can, at times, be misleading to the average investor looking to invest in dividend-paying stocks. Learn more about dividend yields in this article.

Planned Giving vs. Regular Charitable Donations

Written by Bloom Investment Counsel, Inc. on October 3, 2022. Posted in Philanthropy. No Comments on Planned Giving vs. Regular Charitable Donations

Over the past decade or so Canada has been one of the top ten most charitable countries. Making charitable donations has become a regular aspect of life for many high-net-worth individuals and families. But what is planned giving and how is it different from making regular charitable donations?

Diversifying to Reduce Your Overall Investment Risk

Written by Bloom Investment Counsel, Inc. on October 3, 2022. Posted in Investing. No Comments on Diversifying to Reduce Your Overall Investment Risk

Have you diversified to reduce your overall investment risk? Even if you are currently investing in funds or are relying on the expertise of a discretionary investment manager, it’s always a good idea to think about diversification.

How to Build Generational Wealth

Written by Bloom Investment Counsel, Inc. on September 28, 2022. Posted in Wealth Planning. No Comments on How to Build Generational Wealth

Many parents save what they can in the hope that they can pass along some money—perhaps in the form of college tuition or a first home down-payment—to help their children or grandchildren start their adult lives with less debt. But if you’d like to leave behind greater financial security, or even a legacy, then it’s worth learning how to build generational wealth.