Investing 101

Apr 2020

Listen to Podcast

Meet Rick Bloom of Bloom Asset Management. He’s been helping people with their money since 1984.

In our first episode, Rick covers some of the basic tenets of investing, including:

  • You need a plan
  • Everyone’s plan is different
  • There’s no such thing as a risk-free investment
  • Purchasing Power Risk
  • The importance of diversification
  • The dangers in trying to “time the market”
  • The difference between investing and gambling
  • The importance of “tending your garden” or rebalancing your portfolio
  • Focus in your allocations, not your investments
  • Buying low and selling high
  • Don’t be afraid of taxes
  • Opportunities in our current world of market volatility
    • Roth Conversions
    • Making 2020 IRA contributions now
    • Tax Harvesting
  • Estate Planning
  • Importance of Medical Durable Power of Attorney
  • Cash Flow Statement and Family Balance Sheet
  • Emergency Funds


Email the show:

Bloom Asset Management Website: