6 Major Steps to ensure your Cryptocurrency is Secure

An increasing number of home buyers in Ireland are investing in cryptocurrencies as a means of getting into the lucrative property market. As you shift to digital currency, it is important to understand how to protect it since there is a lingering and never-ending threat to your cryptocurrency. There are 6 major steps that you need to take to ensure that your cryptocurrency is secure.

Use strong passwords

Of course, this is the easiest and the best way to protect your cryptocurrency. You need to ensure that your password is strong and unique so that malicious individuals can have a hard tine as they try to guess it. Additionally, you need to change the password regularly since it is a good practice to protect the currency. Moreover, it is important to use different passwords for each account since if one account is hacked, it will be highly impossible to hack the other.

Use cold wallets

The digital wallet used to store the cryptocurrency can either be a cold wallet or a hot wallet. A hot wallet is …

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Will Ireland’s mortgage rates fall or rise after the pandemic?

Ireland’s high-interest rates have long been an issue. Although some financial and legal concerns will ensure that they remain above average, overall interest rates may and should be reduced. New and existing borrowers might save thousands of dollars in interest payments throughout their mortgage. This is especially true for existing borrowers who are already paying interest rates of 3 to 3.5 percent. Many people may convert to rates closer to 2%, saving them a lot of money throughout their loan. According to Brokers Ireland, Irish mortgage holders now pay more than twice what most of their competitors do.

The NTMA increased its borrowings for Ireland at negative interest rates for seven and ten years, keeping interest rates on international markets at historic lows. Still, borrowing costs in Ireland are always in line with those in the rest of the EU; mortgage rates are still generally low. Because of the present recession, interest rates have been maintained low. But how long can it go on? Is this a paradigm shift for us?

The following are the most crucial points: Maintain …

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Housing Update and the Coronavirus

At the beginning of the year, Glenveagh Property, an Irish home building company, had shares increase by over 2%. The shares rose due to an increase in house sales and company revenue in 2019. The company achieved these increases because they had significant sales of homes for first-time buyers, where there still remains a high demand. Glenveagh Property reports the company generated revenues of €284 million, which presents an 240% increase from 2019 to 2020. In addition, the company had a 200% increase in homes built from 2019 to 2020, stating the company built 844 new homes. Finally, the company reports that they have reduced its risk in its 2020 construction targets. 

While Glenveagh Property’s positive report for the year of 2019 and hopeful outlook for 2020 are optimistic signs, the housing market may continue to grow with an improvement of the Coronavirus. On Tuesday, 11 February 2020, Zhong Nanshan, the head of China’s National Health Commission team investigating the Coronavirus, stated in an interview that the infectious virus may be over in April of 2020. Nanshan said the disease …

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Entering the World of Investments

Whether you are a new investor or have an established portfolio, investing in any area can be scary and confusing. There are many different ways to invest your money, but how and where you do depends on many factors. The one term that encompasses all these factors is risk tolerance. When investing, you always need to ask yourself “what’s my risk tolerance?”

There are 4 key factors when analyzing your risk tolerance.

1: Your investment time frame

This may be the most broad factor, but it has rung true for most investors. the main logic behind this is the more time you have to invest, the more amount of risk you can afford. Say an investment goes south while you are still relatively young. You have a greater amount of time to make up for this loss compared to a person a little older. However, like I said before, this is a very broad rule and further considerations are needed to decide which investment is right for you.

2: Your Risk Capital

The amount of money you actually have to …

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Dublin’s investment in mutual funds

Risk and reward, these two words are correlated heavily with the trading of stocks and bonds. Individual stocks and bonds tend to have higher personal risk, but also higher possibility for rewards. Mutual funds are another type of lower risk investment where you and other people have the opportunity to invest money or capital in a collective fund. This group of people’s money is then invested by a fund manager in a diversified array of stocks, bonds, futures, currencies, treasuries and money market securities that they believe will do well. 

By investing with other people, you are reducing the amount of risk that will be on your own assets. Although this is positive, the payouts tend to be smaller because they are distributed across all of the investors. 

There are many benefits to investing in this product. For one, this type of fund offers built-in diversification of investment portfolio; you are not putting all of your eggs in one basket, which can offset possible downfalls in one category with growth in another. Another being that these funds are chosen by …

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AIB returns to stock market

Finance minister Michael Noonan officially announced Tuesday night government plans to sell a 25% stake in AIB, returning part of the bank into private hands. This marks AIB’s dramatic return to the London Stock exchange since it was nationalized almost 7 years ago during the last financial crisis.

Currently 99.9% government owned, the sale of AIB shares will likely be the largest stock market listing of 2017. Analysts estimate that the sale of shares will raise more than €3 billion for the government, contributing to AIB’s slow and steady return of the €20.8 billion of bailout loans it received from 2009 to 2011.

AIB is Ireland’s biggest lender, and since it’s nationalization, has worked hard to renew its image, slashing the amount of bad loans from 29 billion to 8.6 billion. With that and already €6.8 billion of taxpayers’ money returned, AIB CEO Mr. Bernard Byrne hopes the upcoming sale of shares will continue the bank’s process of recovery and reaffirms investor confidence.

Although …

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RTE Drivetime: ‘Talking Money’ on Quantitative Easing, 30th March 2015

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.

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RTE Talking Money with Jill Kerby & Karl Deeter on Stockbrokers

This week we were discussing stockbrokers on Talking Money which runs every Monday on RTE’s Drivetime show at about 18:15.

We looked at the advice, the costs and some of the other things people need to consider when they are looking to invest.

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Priming the property pump

The issue with Irish property (in particular Dublin where demand is evident) is that the pump has been primed in many different ways, first we’ll look at ‘how’ and then we’ll look at the aftermath using a worked example.

First of all, here are some of the things that are driving the market…

1. Build up of buyers, be they first time buyers or REIT’s who are able to take up any available supply.2. ECB rates are low, yield searching is an issue, deposit rates are low as is the risk free rate by comparison.3. Tax policy is an issue, from 2014 the marginal rate applies meaning that in a few short years the tax has gone up by 105% on savings from 20% to 41%.4. Finally, there is the Capital Gains Tax waiver if you buy a property and hold it for 7 years.

So here’s a worked example of the massive give away this represents and why it is mobilising so much money into property. We’ll take an identical €200,000 make a comparison over 7yrs from 2014 and …

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Slow growth economy stock returns

There is a growing body of work suggesting that many developed countries will cease to roar ahead at 3%+ growth rates in the future, that instead we are likely to see a growth rate of about 2% p.a. leading to a ‘steady state’ economy.

If you look at the USA the inflation rate was only 1.9% over the decade from 2000-2010. If you strip out the 2008 recession effect it still only comes out at 2.6%. This could mean that Bernanke’s approach of effectively putting a floor on stock prices could lead to a revision irrespective of intentions.

Take a look at the picture below.

This could mean that in the future the standard P/E expectations could drop and a corresponding dividend yield increase become the natural premium or expectation of stock market investment, strangely; this will be getting back to the original reason people invested in stocks prior to the 20yr secular bull of the 80’s-late 90’s.

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