irish financial share prices | Irish Mortgage Brokers

Odds favour you losing.

One of the most telling things you can do when you seek an answer is to run the numbers that may help you interpret the information for you.

Many people are at least familiar enough with Poker to understand ‘3 of a kind’, that means getting three kings, or aces, or two’s, in any case the odds of getting three of a kind are 47 to one. According to research by Morningstar only 17 mutual funds (they tend to be called managed funds this side of the Atlantic) out of 2,100 returned a profit so that means its about 123 to 1 odds that your fund performed.

A point of interest is that of the seventeen in profit for year to date and the last twelve months three of them are run by the same person, and that person is also a woman [which might tell us that it’s not a mans world after all! Female fund managers are rare so it is great to see that the ones who …

Banks acting like the Central Bank… too little too late

Something that astounds me in the midst of the credit crunch is the changing attitude of lenders. We are seeing reductions in what they are willing to lend on, much greater focus on the industry in which a person works in, and more importantly on the location and type of property that they are willing to lend on.

Reductions in what banks will lend on: Things like property development are all but non-existent, focus on a borrowers industry: this is turning lending into an almost ‘life assurance’ or actuarial based risk assessment, people who work in property will only be offered lower loan to value mortgages (they’ll have to come up with bigger deposits). The location and type of property that you can borrow for is also changing, many banks will only do 80% loans on apartments (and how many first time buyers – on of the main purchasers of apartments- have 20% deposits in their pocket?), and some banks will only lend 50% for an investment property that is not in a city!

Here is an ethos ‘We will …

Posts Tagged: irish financial share prices

Odds favour you losing.

Banks acting like the Central Bank… too little too late

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