The Six Deadly Sins Of Investing

I have been helping clients make investment decisions for over 25 years and it never ceases to amaze me how the adage of  “plus ça change, plus c’est la même chose” still applies – the more things change, the more things stay the same. In all this time I have experienced the investment stresses of the USA’s Savings and Loans crisis of the late 1980s, Black Monday in 1987, the  Russian Financial Crisis in 1998 followed

Read more

Get Rich Quick – How to spot a scam!

One of the advantages of the Celtic Tiger, apart from everybody more or less carrying on as if the good times would last forever, is that investors learned that greed does not pay. Sooner or later, there is a price to pay. For those that can restart their lives eventually there were a few lessons to be learnt, the least of which was realising that if something looks too good to be true, it ALWAYS is!

Read more

Why You Should Ignore Expert Advice When It Comes To Investing

Recently while reading the Sunday papers I came across an article which contained summary views from a number of financial advisers and investment managers on what readers should be investing in going forward. The article was typical of what usually appears in the printed media at every year end/January with a view to what investors should be doing over the coming year. On reflection, this type of article occurs throughout the year with perhaps more

Read more

The World Is Coming To An End ……Again.

There is no doubt that listening to and reading the various media commentary in the last 2 weeks regarding the Chinese economy and stock market one could be forgiven for thinking that the world is coming to an end and that personal wealth positions are being eliminated. The reason why this commentary strikes a chord with the general public is the apparent truth in the numbers being quoted such as “the market has fallen by

Read more

Got Any Tips From The Shoeshine Boy?

Since the low point of the last equity bear market – February 2009 – world stock markets have almost tripled in value. Irish investors have had the added bonus of the Euro falling in value over the same period which, in turn, has added up to 20% in currency gains on foreign investments. Huge gains no matter what way you look at things. So is this a sign of further things to come? Maybe, maybe not.

Read more

Financial Issues To Watch For On Divorce

Marriage breakups are rarely easy and once the decisions surrounding child custody and access has been agreed upon,  focus turns to the financial issues of asset splitting, debt ownership and family maintenance.  In such a highly charged environment, emotions tend to run high which is why having a Financial Planner involved before final agreement, can prove invaluable, either as a neutral party to the breakup process, or as an adviser to one side. In many

Read more

Should I Buy Property Now?

In the last month I have been asked this question six or seven times by different people – clients as well as total strangers. “It’s looking cheap”, they say. “It must be a bargain now with prices so low. What do you think?” Like everything beauty is in the eye of the beholder and Irish property has, unfortunately, been beholden by an awful lot of people in the past. But is there value now available to investors?

Read more

What is Financial Planning All About?

When I mention that I am a Financial Planner to someone who doesn’t know me I sometimes get strange looks as if I am either someone from other space or somewhere else. Some that know me well might rib me a bit on the former but sometimes saying the truth, especially about money matters, doesn’t earn you any bouquets.  Maybe it’s because the words “Financial Planner” have become confused in most people’s lexicon with terms such as “Financial Adviser”

Read more

The 2014 Budget And The Effect It Has On Most People’s Financial Planning.

On the day following the 2014 Budget the financial media will be awash with a regurgitation  of the various elements but most will hold back in giving advice or prodding its readers into thinking about what to do next. While we have set out below some of the main points that effect financial products, it is probably better to take in quickly those issues that deserve immediate consideration. This short list is not to be interpreted

Read more

The Madness of Budgets (or talking about them)

This coming week will see the Irish Government introduce its 2014 State Budget. The Sunday newspapers today are full of commentary and recommendations for what the Government should or should not be doing. While the news over the weekend that we will exit the Bailout in December is to be welcomed the truth is that the Irish State 2014 Income & Expenditure has been written in stone for several years. Thanks to the sins of

Read more