Search results

  1. S

    BOI charging me €18,194 to break from 10-year fixed rate mortgage

    You won't get access to 10 year euribor/euribid rates. Only 5 rates up to 12 months are publically available with a 24 hour delay. Whether this is right or wrong since they are using the index to price retail products is a different argument. It is unlikely that the bank are misleading you about...
  2. S

    Do Not Resuscitate (DNR) orders

    Recently had this with an uncle of mine who was down syndrome and living in residential care. When he got sick and was in hospital, a DNR was put on his chart. None of the family were consulted and the residential house said that they would not give the instruction without consulting the family...
  3. S

    How safe are shares held in Stockbrokers' nominee accounts?

    No they wouldn't. It is not an lending trade. There is no credit risk in the transaction apart from failed settlement and these trades are usually only done on a deliver versus payment basis. Morgan Stanley don't care if Davy's want to buy shares for their own account or Joe Bloggs Account. The...
  4. S

    How safe are shares held in Stockbrokers' nominee accounts?

    It doesn't matter what the name used. Street name is the name of the entity used with dealers, custodians, transfer agents etc. I do a trade with a Davy's. They go and buy shares from Morgan Stanley. They don't do a trade between Sunny and Morgan Stanley. They do a trade between their nominee or...
  5. S

    How safe are shares held in Stockbrokers' nominee accounts?

    You would have no option but to deal with the administrator. The assets in the nominee accounts are pooled in various custodians. The custodians or fund administrators have no idea who the beneficial owners are. The only people with the correct records (hopefully) to reconcile the holdings with...
  6. S

    How safe are shares held in Stockbrokers' nominee accounts?

    It means held and traded in the firm name e.g. Davy’s rather than your own.
  7. S

    How safe are shares held in Stockbrokers' nominee accounts?

    Why would your shares be held in a SPV?? And what the hell does held off balance sheet mean? If that is the advice they are giving clients, they should be worried. Nominee accounts are generally safe. You will always remain the beneficial owner and there are strict regulations with regard to...
  8. S

    Registering Air miles retrospectively

    Aer Lingus isn't part on oneworld anymore. You can still earn points on their partner airlines BA, Quantas and Cathay. I think the partnership with Cathay is ending soon though.
  9. S

    New Sunday Times Feature - Diary of a Private Investor

    Whether you look at adjusted net income is up to the investor. It can often include some useful information around fluctuations in reported income but as also mentioned, can be a useful place to be 'creative'. The issue as stated is that it is not an IFRS measure so it is not standardised. This...
  10. S

    Asset Allocation by Geography

    I would very interested in how you manage the correlation of your portfolio. There are professional fund managers who spend their days trying to design the most efficient non-correlated portfolio and struggle. As Sarenco says, it is not static over time because it is based on historical...
  11. S

    Favourite Restaurant in Ireland- what’s yours

    Funny how a bad experience can turn you off a place alright. I have only been to Guilbauds twice when corporate expense accounts were all the rage. It is an amazing experience but it's just not my type of place. The service was too pompous and formal (Not a criticism. Has to be done that way for...
  12. S

    Favourite Restaurant in Ireland- what’s yours

    Chapter One for a special occasion. Top food and service with none of the stuffiness of Guillbauds. Aninar in Galway. Campagne in Kilkenny. I recently tried Delahunt on Camden Street in Dublin and was very impressed. Actually that whole stretch of road from Georges street up to the Canal has...
  13. S

    Asset Allocation by Geography

    I don't think anyone did say it was the only one but I am also not sure how a property owner in Ireland with a pension fund invested in global equities is reducing his portfolio risk by buying brazillian forestry just because apparently it is not correlated.
  14. S

    Asset Allocation by Geography

    No, it's not reasonable to just 'assume' that anymore . The financial crisis was magnified because that very assumption about diversification and correlated assets failed dismally and crashed every single risk model out there. By all means, look at correlation but don't just blindly assume it...
  15. S

    What about men?

    I will post about it now. Why wait. International men’s day is as pathetic as international woman’s day. Might as well just be created by hallmark. Friends were travelling today with Aer Lingus abd they boarded women first. Wow. That will change your the world. Why not offer more family friendly...
  16. S

    What about men?

    To be fair, maybe he (Sorry, they) doesn't/don't anymore.......
  17. S

    What about men?

    I think it is ridiculous. I have worked for a couple of large financial institutions and the money and effort that is spent trying to convince people that they value women and the gender bias doesn't exist beggers belief. Even today, the lobby is lit up in purple lighting. Its tokenism. If...
  18. S

    Longest Bull Market in History

    How does any of that make Sarenco wrong????
  19. S

    Losing out on future interest payments on investment

    The father had health issues and by the sounds of it is dependent on this money if he talking about having to work again if he doesn't get the 10% return. Putting in that amount of money which sounds like a considerable percentage of his assets into what sounds like a private investment in an...
  20. S

    Losing out on future interest payments on investment

    To be honest, the legal advice you would need to get on this would be very expensive. You would have to use one of the large specialist law firms if you are dealing with unregulated instruments and private equity companies. I agree with Sarenco above. 10% per annum for a debt like instrument...
Top