Posts for : June 2021

I’m 25, isn’t it too early to start a pension?

Starting a pension may seem to be something for those at an advanced stage of their careers. However, due to the impact of compound interest, starting early is the smart choice.

Q. I own some Bitcoin. Do you think that El Salvador declaring it legal tender in that country is the start of other countries doing the same?

Recently, the El Salvador government announced it would make Bitcoin legal tender. While it may have grabbed the international headlines, the move is unlikely grab the hearts of its citizens or the international community.

Q. I noticed that the US Federal Reserve has said that they will begin to increase interest rates in about 2-years time. Does this mean that my mortgage costs will probably rise here too?

Rising inflation is forcing central banks to look at rate increases. While it will have little impact on savings and borrowing costs in Ireland, it will most likely impact pension valuations.

Q. I have been reading about ‘meme stocks’ and how they can really rise in value. Do you think I should buy some?

Meme stocks are a creature of FOMO and social media. Whether they represent a sound investment choice will still require a traditional investment approach to evaluate.

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