Last weekend the newspapers were full of the Paradise Papers. Whether you think it’s morally acceptable for corporations to put their wealth beyond the reaches of governments or not, I have some advice this morning for individuals.
I don’t know if I have a tracker mortgage
This week I am going to refer to the tracker mortgage scandal, but relax, I’m using it to make point about how our ignorance of the details of our financial affairs can really hamper our ability to get what we want from life.
A happy marriage involves effective finances
Every week I meet couples who openly discuss their financial affairs with me. It’s refreshing to see a solid team at work. This week’s article outlines some of the ideas that have been shared with me down through the years. We can all learn a little bit more when it comes to managing our finances with our significant others.
The 7 new golden rules for the savvy investor
Open up the Sunday newspapers today to see numerous advertisements from ‘reputable’ financial services companies flogging you the latest capital secure, FX hedged, bio something or another. All you need to do to invest is ignore the risks and write a cheque! Before you do that, take a look at my 7 rules for investment success. These tips may save you thousands in the long run.
Ulster Bank can say “It wasn’t me” all they like, but we know it’s just not true
- September 30, 2017
- Bob Quinn
Thousands of tracker mortgage holders are finally having their original rates reinstated. This week I look at the various compensation packages from the lenders, and at whether much has changed for the consumer when dealing with the financial services industry in the aftermath of the scandal.
Complexity Does Not Add Value When Investing
I had quite a reaction to Peter’s story last week, so much so that I thought I would look a little more deeply at the questions it raised and specifically at how a life company can afford to pay an intermediary €27,300 for Peter’s business. In so doing, I am touching on just one of the many conflicts of interest that are a feature of the financial services industry.
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.
Lost at sea
- September 2, 2017
- Bob Quinn
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.
Crazy enough to change the world?
- July 1, 2017
- Bob Quinn
I was one of nine children so there was no such thing as food waste in my house growing up. That’s why I was shocked by Sylvia Thompson’s article in The Irish Times a couple of weekends ago. Ireland’s food culture has changed dramatically since the eighties. Households and businesses are literally just throwing money away every year. According to Thompson’s article, it’s easier to waste food than to give it away. In an age where global malnourishment affects millions and our natural resources are being strained to capacity, why do we Irish feel it is acceptable to waste this precious life-sustaining resource?