Archive for 2024

Buy the haystack

Buy the haystack

Nvidia continued its meteoric rise by becoming the biggest company in the world by market cap last week. This is a company that most people had never heard of a few years ago. Its share price five years ago was $3.79 and it is trading at $135.58 today. Imagine you had invested $10,000 at $3.79? […]

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It's all relative

It’s all relative

There was a study carried out in 1998 in which the researchers looked at people’s concerns on where they stood relative to everyone else. One of the questions asked was, if you knew what everyone else in your company earned, which salary would you prefer to have: A. Earn €50,000, while others earned €25,000 B. […]

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Ireland's failed investments

Ireland’s failed investments

In all the years that I have been working in personal finance, there have been a number of crises when it comes to the financial institutions that we give our money to. The Equitable Life The first one I remember was with The Equitable Life. The Equitable Life was founded in 1762 and was a […]

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There is no "massive loophole" in pensions

There is no “massive loophole” in pensions

An article appeared the The Irish Times about a “massive loophole” in pensions. This took me by surprise. Was there something that I had missed? I’ve been working in pensions for 25 years and I like to think that I stay up to date on changes in legislation. Have I been giving my clients the […]

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Preparing for death

Preparing for death

I am at an age where my parents and in laws are getting old. Going to funerals of aunts, uncles and parents of friends is becoming a more frequent event. As we all get older, there are steps that we can make, or help our parents with, that can make it easier for others to […]

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The 4% rule

The 4% rule

The introduction of the ARF brought a lot of benefits and flexibility to people in retirement. But with the retiree assuming all of the investment risk, it also brought a sense of vulnerability. What if I manage it wrong and run out of money? Retirement can be for 30 years plus and a lot can […]

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Live the lifestyle you can afford, not the one you aspire to have

Live the lifestyle you can afford, not the one you aspire to have

A common question I get from clients is “how can they afford it?” referring to other people they see living the life that they want. A lot of people then fall into the trap of pursuing the lifestyle that they want, even if they can’t afford it. Income, income, income Unless you inherit wealth young, […]

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Invest like a child

Invest like a child

My kids get money from relatives from relatives for Christmas and birthdays that they put in their bank accounts. They don’t need it now so I have bought them units in the S&P 500 through my account. They’ve done quite well with one holding up 10% and the other up 35%. They don’t need the […]

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Buying into the journey

Some of you may be aware that I am a supporter of Liverpool Football Club 😉. At the time of writing (Thursday morning), they are second in the league on goal difference to Arsenal after dropping two points away to mid table strugglers Manchester United last weekend. Manchester City are just one point behind. They […]

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Enjoy your kid's achievements with them

Enjoy your kid’s achievements with them

My daughter is in 1st year and plays hockey with her school. They had their league quarterfinal recently. It was on a Tuesday at 3pm. I had a busy week that week but it meant a lot to her that someone was there. My wife doesn’t have the flexibility to get away but working for […]

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