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They only see upside. Classic naive investor behaviour. Let’s say they have €3m and sell €2.7m and keep €300k. The mania around this rubbish is such that they see the perceived loss of a bigger gain if it goes 10x rather than the downside protection.

“My question is what type of bullets to use when shooting myself in the foot. Stop pointing me to guidance on the wisdom of shooting myself in the foot.”

The advice to get a mortgage down to a manageable level is misguided. The macroprudential rules mean mortgages are de facto manageable. It’s like advising someone to wear two seatbelts; it’s over the top. AVCS should be the priority.

The point that seems to be missed here is that the tax on any existing gains will be payable anyway on the eighth anniversary. So it shouldn’t be that much of a consideration. The issues are only really potential compounding on that tax over the next five-ish years and paying the levy again on a...

The fella who bets his life savings at the roulette table and wins isn’t a genius, he’s an idiot. I know someone who has very substantial wealth and stuck €500k into crypto-currencies and got out at around €8m. In my view, he’s a very clever person. I know someone else who has the vast bulk of...

Their issue I’m told is that they can’t get staff.

And learning to deal with difficult customers!

Are you sure about that? It seems rather simplistic and sweeping.

Get legal advice in relation to something so serious

You’d be exempt under the same rules that apply to an Irish home (12 month window to sell etc).

Oh great, another “I went to De Giro because they were the cheapest and now I’m moaning because I don’t get Goldman Sachs levels of service” thread. To be filed alongside the ‘bonkamonkey.com are paying 4.33% for deposits, how much should I put with them’ threads’

Can you not pay it on the drip?

Yes, it’s a perfect storm with a cost of living crisis affecting their customers and some of those higher costs hitting their businesses. I do wonder about moral hazard and ‘zombie businesses’ damaging more solid businesses. For example, do those pop-up places have the necessary permissions and...

“Decided on” by the members… The point in the context of this discussion is that it can’t be imposed on the members.

Ridiculously misguided semantics…it’s ‘set’ by the Members at the AGM. The Directors suggest/propose and the Members agree/set/vote it in. What do you think ‘set’ means? You ‘set’ something and that’s it done.

Yes, when it’s kids or others inheriting, but not when it’s a spouse…

That’s very sad alright. An electricity bill of €34,000 is crazy. The Government should do more in that situation.

So it’s agreed by the members at the AGM then…

The point is that the market value of the benefit is circa €1m. And I’m told that annuities are back in vogue due to the radically changed interest rate environment. Newer State employees aren’t quite as lucky as their more experienced colleagues, but the salient point is that they’re not...

That’s one of the reasons I use Revolut.