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Wealth Planning for Uncertain Times

Uncertainty is inevitable, especially in relation to investment markets. Investment markets are affected by a host of events. Just recently we have experienced the COVID-19 pandemic, the war in Ukraine, increasing global inflation, and the threat of recession.

During uncertain times and the resulting investment market volatility it is common to feel that you have no control over your financial future. To maintain a sense of control and avoid knee-jerk reactions to uncertainty you must be focused on long-term financial goals.

Remember, investment markets have always recovered from uncertainty and downturns.

Don’t Let Uncertainty Panic You

Don’t allow your wealth planning decisions to be driven by panic. During periods of uncertainty, an experienced financial professional can hold your hand and will help reinforce your sense of control. Don’t let panic drive you to:

  • Make changes to your investment portfolio structure;
  • Sell declining stocks; or
  • Lose sight of your long-term financial objectives.

If you react to declining markets by selling your holdings, then you are solidifying your losses.

What To Do in Uncertain Times

If you have not already established long-term financial goals, then your first step is to do so with the help of a qualified financial professional. If you already have these in place, then maintain your focus and stick to it.

To help you through a period of uncertainty:

  • Revise your budget to reduce or eliminate any unnecessary expenses. Develop a spending plan and stick to it.
  • Ensure that your emergency fund is up to date and can cover three to six months of expenses.
  • Maintain a diversified investment portfolio to help weather market volatility.
  • Rebalance your long-term asset mix and security allocation as market volatility will move these off your targets.

Get The Assistance You Need

In times of uncertainty, you do not need to panic or worry in isolation. You can always contact your trusted financial professional who will provide you guidance and help you stay the course to maintain focus on your long-term financial objectives.

At Bloom Investment Counsel, we are dedicated to providing diversified and customized actively managed Canadian and U.S. dividend-paying portfolios to generate a total return through capital appreciation and a steady stream of income for our clients.

For more information on how we can help you with wealth planning, call us at +1-416-861-9941 or email us at

This content 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 content should consult with his or her financial partner or advisor.

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