Archive for the 'General' Category

Commissions aren't evil, but let the client choose

Commissions aren’t evil, but let the client choose

I remember when I was working on sales targets and charging as much commission as I could in telling clients “there’s no fee for you, the life company pays my fee.” This of course, isn’t true. The client pays for the broker’s commission through a higher annual management fee. I have explained how this works […]

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Warren Buffett Shareholder letter 2022

Warren Buffett Shareholder letter 2022

Warren Buffett issued his 2022 shareholder letter on 25 February. Over the last number of years, his letters has been getting shorter and this is the shortest one yet. But there are still nuggets of advice to gleam from it to help us be better investors. Saving is a habit “A common belief is that […]

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Guest Blog: which is a better investment strategy, the S&P 500 or the MSCI World Index

This week we have a guest blog from ChatGPT. If you haven’t heard of ChatGPT yet, it is an artificial intelligence tool designed by OpenAI. I typed in “write a 500 word essay on which is a better investment strategy, the S&P 500 or the MSCI World Index”. Within seconds, it started to type out […]

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The best start you can have in life is having rich parents

The best start you can have in life is having rich parents

Brooklyn Beckham, son of David and Victoria Beckham, has had many careers. One was as a photographer, and he published a book of his work called What I see. This included the silhouette of an elephant where he took the photo facing the sun. The photograph had the caption “elephants in Kenya, so hard to […]

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The myth of the overnight success

The myth of the overnight success

We constantly read about overnight success stories. Young people who come from nowhere to own multi billion dollar businesses. At the same time, young people are looking at their starting salary out of college and wondering where they got it all wrong. How come they aren’t earning the big bucks? It’s all a myth. The […]

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One person Master Trust

The Pensions Authority shut down one person pension schemes last July. The replacement is the Master Trust structure. Over the last few weeks, the insurance companies have been launching their version of the master trust structure that can be used in one person arrangements. What is a Master Trust? Previously, when setting up a one […]

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Central Bank relaxes its borrowing rules

The Central Bank has relaxed its borrowing rules for some borrowers, slightly. In 2015, they introduced strict borrowing rules as a result of the loose lending that went on during the Celtic Tiger that resulted in many people having unservicable debt. Loan to Income limit increased for first time buyers First time buyers can now […]

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Paying off college debt isn’t the worse thing

In this week’s article, I am going to go Stateside and look at why the college debt forgiveness deal that Joe Biden announced is actually good for the US when you compare it to the tax deal that Donald Trump signed. Trickle down economics Donald Trump oversaw the biggest overhaul in the US tax code […]

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Why we don’t like buy now pay later

Apple announced that they are getting into the “buy now pay later” (BNPL) market. For those of you who don’t know what this is, BNPL is a way for you to spread payments on purchases over a number of months. And we’re not talking about big purchases lie a car or household furniture. It can […]

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Choose what is really important

Brian runs his own business and is very successful. He has made a lot of money. Growing up, he always want to own a Porsche and now he can afford one. So he bought one and it is ready to collect. So he has taken the day off work to pick up his new car […]

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