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

Resources:

Email the show: [email protected]

Bloom Asset Management Website: http://www.bloomassetmanagement.com/

 

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