Unnecessarily complicated investments rarely work to your benefit

Unnecessarily complicated investments rarely work to your benefit

Do you have your pension or investments in actively managed funds like Irish Life MAPS? Maybe you don’t even know. Here’s something to give you pause. Active fund managers clock up more fees yet do not consistently outperform the natural, unfettered movement of the stock market. So why do we invest in them?

Read More

It feels like we are returning to 2004. Do you really want to be back there?

It feels like we are returning to 2004. Do you really want to be back there?

This week, I have the distinct impression that it’s 2004 all over again. And that’s not a nice, nostalgic feeling; it is one that fills me with dread. It’s to do with the ease of buying property. Did you know that on www.BidX1.com you can buy repossessed properties online with the click of a button? Just in the same way you would order your favourite organic olive oil. And yet it couldn’t be more different. With this purchase, more than any other, I say caveat emptor.

Read More

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.

Read More

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.

Read More

Navigating Choppy Waters

Navigating Choppy Waters

I’ve received emails in the last fortnight from some clients spooked by what was going on in the stock markets. $4 trillion wiped off shares in a week will prompt concerns. So how did I respond? What could I possibly say to calm them? That’s easy – I summoned my inner Aer Lingus pilots voice.

Read More

You’re the villain in this investment story, but it wasn’t your intention

You’re the villain in this investment story, but it wasn’t your intention

My wife’s friend was in tears on the phone at the weekend. She has just had to give notice to her tenants – her great tenants, who love living in her apartment and who have taken good care of it for four years. They pleaded to be allowed to stay because they will really struggle to find somewhere else to live, but my wife’s friend has no choice. Her circumstances have changed dramatically and she needs to sell the apartment ASAP. This morning I ask, when we invest in property, how many of us consider the personal impact of dealing with tenants?

Read More

It’s official – you’re being ripped off on your investment

It’s official – you’re being ripped off on your investment

It’s official: you are paying above and beyond what any investment firm can justify. New disclosure rules that took effect at the beginning of January now clearly demonstrate to the investor the true cost of conventional investment products. I promise you, that true cost will shock you, but will it prompt you to act?

Read More

Would a tax on land lead to anarchy amongst middle class Ireland?

Would a tax on land lead to anarchy amongst middle class Ireland?

David McWilliams has an interesting idea. He reckons it will invigorate our economy, reduce wealth inequality and solve the housing crisis. He thinks we should be taxing land. So if government decided to run with it, how would it affect you? Let’s take a look. PS, it’s time to do the Christmas shopping.

Read More

Keep it Simple, Stupid.

Keep it Simple, Stupid.

I spent last Tuesday and Wednesday at a conference in London which was all about investing, the barriers to success, and the distinct lack of trust of the financial services industry. The main take-away for me was down to the lack of transparency which leads to suspicion. This week I outline a few tips on navigating your way through the murky world of financial services.
Have a great weekend.

Read More

The 7 new golden rules for the savvy investor

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.

Read More