Buying a 182? Forget it!

Buying a 182? Forget it!

If you’ve just put a deposit on a 182 car, don’t read this. Don’t get me wrong. I understand where you’re coming from – new cars are seductive. So shiny, so clean; they even smell great. But when you do the sums, you realise you’re paying a lot for something a good valet and air freshener can recreate.

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When it’s you versus the powerful institution

When it’s you versus the powerful institution

Have you ever had a dispute with a big corporate entity? They can be tests of endurance requiring time and commitment that we often can’t afford to give them. It’s bad enough when it’s a small thing like an unwarranted charge from a phone company but what is the impact on your life of pursuing a financial institution over a matter that affects your ability to provide a living for yourself or your family? This morning I say that you don’t have to do this on your own.

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Simple questions do not always deserve simple answers

Simple questions do not always deserve simple answers

We were asked to answer yes or no to a less than straight forward question on Friday. To sift through the many, layered arguments on both sides and distil all that into a tick in one box or another seems like an oversimplification. It made me think about the questions I get asked about people’s money. There is rarely a yes/no answer. This morning, I’m looking at the classic question “Should I overpay my mortgage?”. The answer is … read on to find out.

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Feel like you were mis-sold an investment product? You have options.

Feel like you were mis-sold an investment product? You have options.

The Financial Services and Pensions Ombudsman (FSPO) came into effect earlier this year and the powers are far reaching. The six year time limit in which to take a complaint has been removed, so customers with legitimate gripes about anything from mis-sold investment products to pension scheme maladministration can revisit past complaints. Feel free to share with anyone you think has an interest in learning more about the newly formed FSPO.

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A little advice and guidance trumps doing it yourself, especially with your personal finances

A little advice and guidance trumps doing it yourself, especially with your personal finances

A very warm welcome to the many new members of The Sunday Supplement this week and my thanks to those of you who read it religiously. The article below refers to a conversation I had with a client recently about DIY. Her and her husband were about to undertake a piece of house work which was creating some tension between them. I’m a big advocate for engaging suitably qualified and experienced professionals. Will they take my advice this time?

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Sign up for simplicity

Sign up for simplicity

Complicated equals good, uncomplicated equals bad (apparently). That’s what the financial services industry will have you believe. But what if you successfully managed to uncomplicate matters? There are no negatives for you. Follow these five golden rules to simplifying your financial affairs.

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When to go all-in and when to walk away

When to go all-in and when to walk away

When you play poker, be prepared to go all-in. If this strategy morphs into your personal investment strategy, walk away from the table now. The risk of going all-in is too great.

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Banking is necessary, bank are not. Here’s the proof.

Banking is necessary, bank are not. Here’s the proof.

This morning I ask who you admire. In the business world, who are your heroes? For me, it’s people who have the ability to come up with a completely new approach to something that has evolved in a certain way and which seems sacred or unassailable. Let me tell you about two young guys who are challenging banking as we know it.

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Rabodirect’s withdrawal from the Irish market is bad news for depositors

Rabodirect’s withdrawal from the Irish market is bad news for depositors

This week I lament the passing of Rabobank, technically the most secure bank given its financial rating. Whether you had money on deposit with Rabo or not, its departure on 16th May puts the security of the remaining Irish banks in the spotlight. Let’s assume you have not given too much consideration to an Irish bank going bust. What are the consequences for you? Read on.

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Are you going to end up old and broke?

Are you going to end up old and broke?

If you’re impacted by the snow this week, here’s a read to keep you occupied. We explore the issues with living too long – yes, you heard me correctly. Have a read and let me know if you know of anyone that has been faced with the challenges I outline.

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