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I called BOI Paul and they said the break fee is €0.00 if I switched today. I advised I intend to switch to the 2.4% 15 year with Finance Ireland. I asked if they wished to offer a lower, more competitive rate than 3.3% on their 10 year fixed, I would consider it. They undertook to come back to...

Yes please Paul. Finance Ireland 15 year rate sounds ideal. Thanks again.

Hi Paul, Details below. Many thanks in advance. Much appreciated. Current lender: Bank of Ireland Outstanding mortgage balance: €252,000 Approximate value of your property €550,000 The date you started your fixed-rate mortgage: August 2018 How many years you fixed for: 10 years Your current...

I didn’t compare them, which to my mind makes your comment “nonsensical“. What I said was, stating that in any 15 year period in history, investing in diversified ETF’s yielded significant profits reminded me of the ’you can’t lose’ pitches of Bulgarian apartment salesmen in 2005. To be...

This reminds me a lot of the sales pitch used to flog Bulgarian apartments circa 2005, i.e.‘You can’t lose’. I recall on one occasion a taxi driver telling me he bought two! I might take a leaf out of Joe Kennedy’s book and take some profits off the table.

“Throw it in DeGiro”? “You will make a small profit”? “Hold it for 30 years”? “You will be making big savings”? Sounds like you have it all sussed.

Without getting into specifics, which ETF will pay thousands in profit over a life company offering on an €8,000 investment over seven years?

IMO seven years is on the lower limit of what constitutes long-term investing - others might say five, ten or longer. If you’re reasonably sure you won’t require the funds for that long, consider studying up on Investment Trusts (IT’s). At time of writing they are classed for tax purposes as...

Had a look through the Revenue guides and I can’t find much detail about what can, and cannot be counted as Net Relevant Earnings when it comes to calculating pension tax relief. Hoping someone here can enlighten me if an individual can include a car allowance, when calculating net relevant...

Quick question for all you pension experts out there. I’m getting conflicting advice on maximum allowable pension tax relief for an employee on a PRSA vs an Occupational Pension. See example below. A 48 year old wants to maximise their pension tax relief (25%) and has a choice between a PRSA or...

https://www.degiro.co.uk/data/pdf/uk/Client_Agreement_Investment_Services_Terms_and_Conditions.pdf Found the above online. From my understanding, DeGiro holds shares under custody in two of its own Special Purposes Vehicles (aka “SPV”) called Stichting Degiro and Stichting Degiro II. Am I...

Interesting article about the safety of a De Giro custody account on Reddit. See No.4. Should account holders worry? https://www.reddit.com/r/EuropeFIRE/comments/6j50yz/brokers_you_get_what_you_pay_for/

It’s a pity that this thread has been high jacked. Yet another debate has to descend into debunking nothing more than ill-conceived notions and highlighting fudge’s.

Sure who needs facts when you have supposition?

I think you need to re-read the original post. Also, you’ve misrepresented a statement by inserting a question mark where there was a full stop.

Granted, it is a big ‘if’. However in Euros, the MSCI World Index has returned 3.86% annualised since December 2000. Coupled with the backward tax treatment of ETF’s in Ireland. Can you afford not to say ‘if’?

You’re missing my point. Investment via the perceived wisdom of crowds doesn’t always bear fruit. Besides, a lot of the research into active vs passive is US based. The full merits of passive don’t apply to every market. I wouldn’t go as far as that. A more realistic statement might be: If...

I remember when: 1. The market consensus on the value of tech shares was overly optimistic. 2. The market consensus on the value of Irish property was overly optimistic. My point is, investment purely by ‘market consensus’ is blindly following the perceived wisdom of crowds. That doesn’t...

If I’m interpreting your question correctly, you are asking why should an individual not simply buy all the companies via a World Index tracker? Well, in my opinion the total return from such a tracker can be beaten over the long term if one chooses wisely (easier said than done) and your...

Asset allocation by geography. How much does it matter? Obviously keeping an anchor to the wind in terms of home currency is important. However, I come across critiques of portfolio construction in terms of how under or over weight they are in comparison to the MSCI World Index. Surely the...