LOM Financial (Bermuda) Limited

HAMILTON, Bermuda – 25 April 2018 - LOM Financial Limited ("the Company"; ticker: LOM.BH) today announced the financial results to fiscal year end 31 December 2017.  In a letter to shareholders, the Company’s CEO stated: 2017 Financial Results 25th April 2017 To our Shareholders: During 2017 LOM expanded on our activities of the previous year. We grew our client base, raised additional assets and continued to improve our financial performance. Our assets under administration (AUA) rose from $684 million at the beginning of the year to $870 million by the end of 2017. Further gains have been made in the first part of this year with assets rising to $914 million. We are continuing our focus on winning new clients and recruiting top level financial advisors and private bankers. To this end we have added experienced staff in our Bahamas office and our new Cayman office.  The addition of these new staff and premises obviously will increase our costs this year and, we...

Behavioral biases can be dangerous when it comes to investing. Making decisions based on emotions can often lead to serious losses. Read up the article below from CNBC for more insights: One of Warren Buffett's most quoted axioms urges investors to "be fearful when others are greedy and greedy when others are fearful." Buffett's observation highlights the role emotions play in many investment decisions, as well as the way an unemotional investor can profit. But there's more to emotion in investing than fear and greed. AfricaImages | Getty Images There are more than 100 behavioral biases that can undercut effective investment decision-making Researchers have identified more than 100 behavioral biases that can undercut effective investment decision-making, according to Michael Pompian, founder and partner at Sunpointe Investments and author of "Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor B...

In the financial and business world, knowledge is power. This is why it’s a must to bank on the most consistent information, reliable research, and trustworthy industry knowledge to go with one’s every financial and investment decision in the industry.  Equipping yourself with the right knowledge and information resources can make a big difference but it’s also important to know where to find them. If you don’t know where to start, check out this list of the top sites for financial news and advice and you’ll be good to go. Bloomberg This finance and investment website is where you can find the most recent and relevant financial information published by experts and read by seasoned investors. It has different features like the Bloomberg Markets where you can find news and pertinent analysis every day. In addition, they have their selection of their own mobile apps for on-the-go investors. Kiplinger Based in Washington, D.C., Kiplinger’s blog focuses both on pe...

When investing, it's always best to assign specific goals to each investment account. Goal-based investing provides direction to your money. Read more on Business Today : We all have dreams and desires but we do not plan our investments according to our goals, most people just invest in an unplanned manner. Goal based investing adds direction to an investment. A structured, well thought out process for investing, where you know the purpose behind each rupee that is being invested is known as goal based investing. It looks at your existing assets, expense patterns, risk profile, asset allocation and the various short, long and medium-term goals and creates a road map for each of these goals in a fairly predictable manner. It comprises of two parts - planning & investing. Goal planning notifies the amount that is required to fund the goal and the how much is needed to invest regularly or one-time to get to the desired amount. Investing that amount in the most suitable pro...

Image source: aliantlaw.com The world is entering a new economic order and the former major players are starting to recognize the strength of an emerging economic powerhouse that’s been slowly but surely making its way to the top—Africa. Ranked as not only the most resilient in the world, many African countries have been predicted to become the fastest growing economies because of the region’s massive number of opportunities for foreign investors and their potential to be the world’s most dynamic player. The credits go to the Africa’s focus on both social and political reforms that are transforming the region into a top business and trading hub. Furthermore, the progressive development of vital social and political infrastructure has contributed to high-quality workforce, business-oriented young population, and the fast-emerging middle class that have significantly boosted the region’s spending power. Image source:economist.com The rise of Africa as an emergin...

Overseas markets might seem riskier, but international investing still offers dynamic and vital diversification. In emerging markets like China and India, for example, the odds for achieving higher returns is much higher than investing in US stocks exclusively. Here are more insights from The Philadelphia Inquirer : Outside the New York Stock Exchange. U.S. stocks had outperformed international ones for years, but that may be changing. There really is no place like home, and many investors tend to keep their investment strategies heavily weighted toward U.S. company stocks. Something that falls within their comfort zone feels like a safer bet. But investors who insist on staying close to home in today's stock market environment could be undermining their odds for achieving higher returns. Although U.S. stocks have substantially outperformed foreign markets for the last several years, the tide may be shifting. Overseas markets have been outperforming U.S. stocks...

Image source: countrynavigator.com Globalization has paved the way to a limitless mobility of people from around the world to move and find refuge, be it for political or economic security, from their country of heritage to a foreign land. Diasporas have made some of the world’s biggest cities into huge cosmopolitan centers, serving as melting pots for a great diversity of cultures, backgrounds, and ways of life. Cities like New York, London, Dubai, and Hong Kong have a substantial percentage of  expatriates living and working within their boundaries. Although the motivations of such mobility may be personal , there are ways in which groups in diaspora unknowingly help their countries of origin, especially in terms of social and economic impact. This is because they maintain their connections to their homeland and in many instances, they preserve a legal identity as well as establish a socioeconomic presence in their country of origin. In turn, this type of migration h...