The key to a happy marriage? Make financial decisions together
“Oh, this old thing, I’ve had it for years!” In a report from UBS Wealth Management, both men and women admit to lying about money to their significant other. This is certainly not breaking news, but it may lead to strife in a relationship. The solution? Make decisions about your finances together.
How to read an investment brochure and identify the risks
- September 23, 2018
- Bob Quinn
Today we are looking at the most important elements to an investment – the level of control, flexibility and vulnerability attached to your money.
This piece appears in today’s Sunday Times – be sure to pick up a copy.
How to know the difference between speculation and investing – turn down the noise
Lehman Brothers failed 10 years ago this weekend. The contagion effect wiped out pension funds, the property market collapsed and investors ran for cover. But much of the narrative around the financial services industry is nothing more than noise. Can you tell the difference between sound advice and noise?
7 reasons not to invest your pension in property
- September 8, 2018
- Bob Quinn
Property crashes, surprisingly low yields and often times unhelpful state intervention – just a few reasons not to invest in property. But have you considered the other reasons why you would not invest in property if you were starting over again?
This complicated approach to a relatively simple activity is holding you back
A very warm welcome to all our new subscribers! In this blog, we tackle some of the reasons why you may be reluctant to invest and explain how an evidence-based investment strategy can put you on the road to successful investing.
A former bankers’ epiphany about the futility of his Wall Street career
This week we look at a relatively unknown approach to investing in Ireland – passive – or as one company likes to call it, evidence-based investing. Perhaps it’s time to put the excessive fees of active management to bed once and for all.
Things to consider before buying property through your SSAP
“I want to buy a property through my pension” came the statement from my client. “Okay, but what’s the ultimate goal?’, I asked. “Return” was the answer. We delved a little deeper and it turns out the client shuddered to think about the hassle attached to owning rental properties. If you want to buy a property for “return”, you may as well familiarise yourself with all the options especially through a pension structure.
If you think marriage is expensive, try divorce
August is one of the top months for divorce filings. Though somewhat uncommon in Ireland, divorces and separations do take place, often times leaving the parties emotionally drained and in poor financial health. This morning, I point out a couple of the pitfalls to be aware of and one big take-away: after a good solicitor, get a good financial adviser.
Should I gift money to our children now?
- August 5, 2018
- Bob Quinn
I answer a number of questions from readers in today’s Sunday Independent. For the couple that have clearly defined incomes in retirement, maybe it’s time to start gifting money to your children now? I ask if owning shares is all it’s cracked up to be, and whether overpaying on your tracker mortgage actually makes sense.
If you have any questions you’d like addressed, simply hit reply to this email.
If in doubt, do something.
- July 29, 2018
- Bob Quinn
- Financial Planning
There’s a reason why all the personal development and leadership coaches talk about the importance of taking action. Taking action breaks a mental deadlock. It helps us form habits. It gives us back control over an issue that may have us by the throat. This week we are looking at visual aids as a valuable tool in managing your personal finances more effectively.