Steven Barrett's Archive

I want a Tesla

I don’t really. I’m not into car and if I was going to splurge on a car I would buy a Porsche Panamera. But Tesla’s are the car to be seen in these days so lets go with a Tesla Model S. It’s not cheap to look so stylish and you can expect to pay almost […]

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What do the different types of risk mean?

When working with clients on investment strategy, I will issue them with an Investment Policy Statement. This document will set out Bluewater’s investment philosophy, the clients own investment circumstances, our recommendation and fees. They then have to sign a Summary of Understanding and Declaration. The first point in this summary is that they understand that […]

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World Allocation Funds

September is a particularly busy time for reviews in preparation for the tax return deadline in mid November. At Bluewater, our investment portfolios are pretty simple. We use equities for growth and bonds or cash to dampen volatility. In carrying out our reviews, the poor performance of the bond and cash element stands out, especially […]

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Should companies be allowed to fail?

For over 50,000 years, Australia’s Indigenous Aboriginal community have managed the land through burning. Using fire has many benefits: Encourages native grasses to regenerate and produce new feed Reduces scrub and fuel to prevent intense bushfires Promotes biodiversity The same can be said of companies. Over their lifetime, companies can become bloated and inefficient. Once […]

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Revenue confuse tax treatment of ETFs

Over the 8 years I have been blogging, there is one article that I receive more emails about than any other. It is the blog I wrote in February 2017 on Deemed Disposal, an article that currently sits at the top Google on that topic. Irish investors are aghast in having to pay tax every […]

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Why your financial advisor shouldn’t be an early adopter

I grew up at a time when video players came out and it was exciting going to XtraVision to hire a film to watch it at home. When you walked into a XtraVision, the VHS tapes were kept on the left and the Betamax were on the right. Almost everyone had VHS but there were […]

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Do nothing

Warren Buffett once said “Lethargy, bordering on sloth should remain the cornerstone of an investment style.” Unsophisticated investors tend to adopt this investment strategy more than knowledgeable investors who can try to be too clever when markets are volatile. Take Rachel for example, who came to me looking for investment advice. She told me she had […]

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Can you control your spending?

I’m just back from holidays in France. The chalet that we were staying in had a charcoal BBQ. I have always been a gas BBQ man and had never used a charcoal one. And given our BBQ at home is broken (left outside uncovered for too long!), I thought this was a good opportunity to […]

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Making your retirement income last

There is a vulnerability to retiring and not earning an income anymore. Instead of money coming in every month and your savings increasing, you are spending that money that you have saved over the decades. And not knowing how long we will live for means we don’t know how long our savings have to last […]

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How easily influenced are you?

There is an old sales trick where you go into the electrical store looking for a new tv. The salesman gets an idea of the size and type of tv you are looking for and shows you the most expensive model they have. He knows that most people will baulk at the price but that’s […]

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