We were discussing the reasons behind having an allocation in gold or precious metals in a diversified portfolio this week on ‘Talking Money’. Jill Kerby raised interesting points about the benefits while Karl said that it’s a good hedge but also one that has lost a lot of value in recent years.
We’ll be one of the speakers at a property conference being held in UCD tomorrow which is expected to have about 700 attendees.
Our talk is titled ‘Mortgages, Property & why we can’t have nice things’. It’s a look at intertwined aspects of the financial and property markets as well as why some of these issues occur and will continue to occur.
Fair Deal is a scheme which is there to help make nursing home care affordable for people. It doesn’t discriminate based on means, but it also tends to run out of money and often people can be left holding on to valuable assets while the state absorbs large costs on their behalf.
This week in ‘Talking Money’ we examine whether or not it makes sense and what you can do about it.
Quantitative Easing or ‘QE’ for short, is a process where Central Banks buy assets from commercial banks and it is known to bring down bond yields and drive up other asset values.
This has begun in Europe and on Talking Money we looked at some of the effects it may have and the issues that such a highbrow economic issue raises for regular people.
The idea of ‘financial milestones’ is that at certain times in a persons life they should have achieved certain financial goals. This isn’t materialism, it’s simply a money amount which demonstrates the level of financial sense being instilled in the person, the same as school tests show levels of literacy etc.
Karl Deeter and Jill Kerby went through some that children should have at certain ages and why they are important.
Cars are one of the larger non-housing purchases people make. They are expensive to own and maintain and the shortage of car purchases during the downturn has meant that second hand car prices are quite high now.
This week on talking money we looked at some of the practicalities around buying a car, the price of buying new and some of the things to look out for.
The idea that a buyer of a loan is a ‘vulture’ stirs up a lot of negative connotations. In this instalment of ‘Talking Money’ on RTE’s Drivetime show our very own Karl Deeter discussed the rules that loan buyers have to abide by.
An interesting point is that it will likely be many of the ‘vultures’ who do better deals than the banks will do and that people need not be overly afraid (at least in advance) to their loan being sold because the law is there to protect them.
Talking Money is a segment every Monday on RTE’s Drivetime show where Karl Deeter and Jill Kerby talk about big financial issues. This week it was about insurance, and how to tell the difference between the ‘good’ kind, the ‘bad’ kind and how much each one matters and costs.
This is an important topic because too many people have too much of the wrong type of cover and not enough of the good type.
Yesterday we were on the Sean O’Rourke show discussing variable rates on RTE Radio. We mentioned how doubling the ‘tax’ on banks won’t actually change anything. The mechanisms were briefly covered and we got a few emails asking for clarification so here it is.
The ‘levy’ was part of the Finance Act 2014 which imposed a new annual levy on financial institutions aiming to raise €150 million per annum for 3 years.
This sum is payable on October the 20th in each year (2014-2016) and it applies to a financial institution that is the holder of an Irish (or equivalent EU) banking licence or is an Irish (or equiv EU) building society that was obliged to pay DIRT – unless the amount required to pay in 2011 was not more than 100k.
The main outcry is centred on variable rates for primary home dwellers in particular. So how much of that debt is out there?
We know there are about 300,000 ‘loans’ but the quantum of debt is €39.638m which is about €3bn …
We were speaking with Sean O’Rourke about mortgage rates, that they were falling as part of a trend and that new moves to force them down would likely not work. It came on the back of a piece by Conor Pope in the Irish Times that quoted us in the article entitled ‘New bank levy could see mortgage rates rise not fall‘.