Apple's 'Pay Later' & Retirement Savings: A Novel Approach?

Here are a few things we’ve been tossing around the blooom (virtual) office this month…
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Apple developing ‘Pay Later’ service to let customers buy any Apple Pay purchases in monthly installments

Apple now joins an ever-expanding market of “buy now/pay later” products and services. This has us thinking… if only the process of saving for retirement could use this same “reverse-layaway” approach. Retire now, save for it later? Come on Apple!

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Dutch Tulip Bulb Market Bubble Definition

Markets of all kinds are on fire right now and get-rich-quick speculation is approaching concerning levels in certain types of assets around the globe. All of this tends to lead to a lot of talk about asset price “bubbles”. Yet, we can look no further than to Tulips in the 17th century for a little perspective on the topic of bubble mania…

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Microsoft Excel Esports Tournament is Real and Actually Happening

The official Twitter account for Microsoft Excel posted a link to an upcoming esports tournament between “eight top financial modelers.” Next stop, Paris 2024?

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Risky Business

All jokes aside, risk tolerance is a very tricky thing for many investors to grasp too! You might think playing it safe with a conservative approach is protecting you, when in fact taking less risk early can actually be far riskier to you when it comes to the likelihood of reaching your long-term goals, especially when your time until retirement can still be counted in decades, rather than years. On the other hand, taking too much risk to try to “catch-up” and maximize returns as you near retirement, can also be riskier for some. So what’s an investor to do? Talk to a blooom advisor!

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The information is provided for discussion purposes only and should not be considered as advice for your investments.