An offshoot of the FIRE (Financial independence retire early) movement has appeared. Coast FI (Financial independence) is the amount you need to accumulate before you can just let compounding do its thing and you don’t have to contribute to your retirement account anymore. Say your number is €1,000,000. If you have €174,110 by age 30 […]
People with smart watches know how long they sleep for, how many steps they take every day. There are apps to track the calorie count of your food. You can link it in with your daily exercise so you can see what your daily limit should be. Our phones tell us how much we spend […]
Simon Harris published Taxation of Retail Investment. A new path forward for Ireland. This poorly written document lays out the foundation for Harris’s new investment plan, which he will announce to great fanfare in his Budget speech on 6 October. I read the document so you do not have to. The easiest way to summarise […]
I read the book London Falling by Patrick Radden Keefe when I was on holidays this summer (it really is an excellent book and I highly recommend it). Without giving too much away, the boy involved, Zac Brettler, goes to a school in London with the children of Russian oligarchs and he gets obsessed with […]
If you need nursing home care, it isn’t cheap. You have to pay for it yourself but there is a social safety net that if you cannot afford it, the State will help you out financially in the paying of the cost of nursing home care. If approved under the Fair Deal, you pay a […]
There is a lot of posts on social media about transferring your house to your children now instead of leaving it to them when you die. When you do so, you get a right to residence so you can continue to live there. Is it beneficial? Fair Deal The main purpose of transferring your home […]
There was a lot of news last week about a hedge fund called Situational Awareness. It is run by a 24 year old called Leopold Aschenbrenner, who built a portfolio valued at $45 billion from his investments in AI companies. It had to be bailed out by Ken Griffin’s Citadel after some of its investments […]
I came across a case of someone who is retiring and wants to set up an ARF. They said they had “very little knowledge on finance” but they wanted to set up an ARF themselves. This always rings alarm bells for me. I am very bad a DIY. I have watch YouTube videos on how […]
There is a lot of consolidation going on in businesses over the last few years (lots going on in my industry too). It used to be the sellers would go looking for a buyer when they were approaching retirement. Now it is the buyers looking for companies to buy. If you are approached to sell […]
I was watching All Aboard! Scotland’s Poshest Train which is a journey on the Royal Scotsman train. The scenery was beautiful as the train passed through remote parts of Scotland and the guests were treated to fine dining experiences on their journey. Something you would certainly see yourself enjoying. Then came the price, £7,000 (€8,500) […]