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.

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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?

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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?

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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.

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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.

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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.

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Complexity Does Not Add Value When Investing

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.

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Increased Standards in Financial Services Start With You

Increased Standards in Financial Services Start With You

I came across a case two and a half years ago that crystallised my view that the financial services industry is made up of product sellers acting in their paymasters interests in the first instance. Let me tell you about Peter, who got a 20-minute meeting with a broker about one of the most important decisions in his life. Nothing has changed in my mind since then. Stick with this, it’s a long one today.

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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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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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