Beat the stockbroker at his own game

Beat the stockbroker at his own game

You may have noticed the absence of The Sunday Supplement on Sunday morning. We had a technical glitch, so here it is two days later! This week I explain why the stockbroker model for long term investing is flawed. If you have shares, or want to invest in shares, there is a far more fundamental thing you need to do before you open an account with one of the stockbroking firms in Dublin 2.

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Lost at sea

Lost at sea

I talk a lot about the importance of clearly understanding your objectives when it comes to effectively managing your financial affairs. Sometimes though, we cling to a goal without really thinking it through. We may not give any thought to what achieving this goal will actually do for us. This morning I’m sharing a simple story I came across, which illustrates the benefits of thinking through goals.

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Intergenerational tax bills are an actual thing. Do something about yours.

Intergenerational tax bills are an actual thing. Do something about yours.

Have your parents talked about leaving money to your children? Perhaps you’re a (young) grandparent yourself and are thinking about how you might help your grandchildren on their way. This week’s supplement suggests a way to make sure the grandchild benefits more than the taxman. If you have any questions, get in touch with me tomorrow.

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7 signs it’s not the time to retire

7 signs it’s not the time to retire

Don’t pack it all in just yet. Hitting retirement age doesn’t necessarily mean it is in your best interest to retire. Here are 7 reasons it may be better to stay in the rat race a little longer.

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Two dates for your finances

Two dates for your finances

There are two dates that are on my radar in the next 80 days – and no, they are not my wife’s or mother’s birthdays. As a business owner or senior executive, you should also have them marked in your mental calendar because if you don’t get your act together, you and your family could lose out.

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Reduce the possibility of investment losses by making this one change

Reduce the possibility of investment losses by making this one change

Have you ever lost money on an investment? How did you react? Today I’m going to talk about the inevitability of losses, how to minimise them and one good thing that can come out of declaring a loss.

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Top six questions you need to ask before you invest

Top six questions you need to ask before you invest

Have you ever been on the receiving end of an investment proposal, whether it was at your behest or the banker or broker’s? You’re not alone if you came out of the meeting kicking yourself for not asking all the great questions that were an afterthought.
This morning, I’m giving you an investment checklist; the questions you should get answers to before making a decision about an opportunity.

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Run for the hills when you pay off your mortgage

Run for the hills when you pay off your mortgage

As AIB introduces Máire, another happy person who’s made it to the end of her mortgage, I wonder what the transition will be like from having no choice over where that money is going to having total discretion. Having been tied to a bank for 20 plus years, I only hope she hasn’t developed Stockholm Syndrome.

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It’s not about up-sizing or down-sizing; it’s about right-sizing

It’s not about up-sizing or down-sizing; it’s about right-sizing

I’ve written recently about downsizing later in life with the emphasis on there being a financial necessity for it. But you may not be in that situation. You may have an opportunity to design your future living arrangements to be just what you need. My message: start planning now.

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LifeLoan on Liveline

LifeLoan on Liveline

How is it that every person who tells you about something they heard on Joe Duffy starts with “I don’t normally listen to Joe Duffy”?

I happened to hear part of the show recently and the listener’s story raised a couple of questions for me and, I think, will for you. The woman’s story was about how her parents had taken out a Bank of Ireland equity release loan in their later years, and the consequences it had for her.

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