This week we are taking a closer look at the fabled '4% Rule' relating to drawing-down on investment or retirement pots. This particular 'rule' gets plenty of airtime in the US, UK and many other countries but from my own experience very few investors, pension holders here in Ireland seem to have heard of (and indeed even many advisors!). Let's try fix that! We are not going to challenge this 4% Rule today, merely we'll determine what it is, how it is relevant and how to go about figuring out what it might suggest for you.
Welcome back to Ireland's only dedicated and straight-talking personal finance blog/podcast. We are on a mission to tell the truth about money and are so thoroughly enjoying the journey! It is always great to hear from listeners so if you have any suggestions or ideas for us to explore please do send me an email here. As an aside, this week I got to meet a bit of a hero of mine. I travelled over to Penzance in Cornwall and spent a good few hours trying to learn as much as I could from the one and only Pete Matthew who has been creating really engaging personal finance information via video, blogs and podcasts for 5 years now. Such a pro, it was great to meet him. Check out the magic here!
Thanks,
Paddy Delaney
QFA | RPA | APA | Qualified Coach
We have recently been asked to share ideas on how an individual (or couple) can ensure their investments/estate/assets are properly distributed and managed once they die. It is an area that is of real value and interest to both the people who may be 'receiving' and indeed obviously to the people that are 'giving' it!
While Trusts are an area that we have touched-on in previous episodes we would not claim to be legal experts on the matter. For that reason we have invited Pauric Druhan, a qualified solicitor and trust expert from Pearse Trust, to join us on the Podcast.
Pauric shares his experience and knowledge on the different types of Trusts but more practically he shares examples of how they can be used and in what circumstances they can be of benefit to people who want to manage the 'distribution' of their estate before and indeed after they die. It is a key part of Estate Planning in Ireland and in reality it is something that most in this space would benefit from being more aware of.
Have you ever asked; What Are Trusts? Do I Need A Trust? How Do Trusts Work? If so, you might find some useful ideas in this episode of Ireland's award-winning Blog & Podcast.
As you will by now be well aware we are on a mission here at Informed Decisions to help our listeners and readers to make effective decisions for themselves which will result in better financial outcomes, and this episode is no different! Please do drop me a mail with your suggestions, questions or feedback.
You're a Legend!
Paddy Delaney
QFA | RPA | APA | Qualified Coach
Welcome to Ireland's only dedicated Financial Planning & Investing Podcast & Blog. We are on a mission to do things differently and to actually help people make decisions that help them achieve the results (& life!) that they want to achieve.
This week we have a rather special guest, Mr. Guy Spier. Guy is the fonder of, and has been been the sole decision-makers of the Aquamarine Investment Fund for 2 decades. This is nothing outlandish however the fund has an impressive return rate for investors over that period of time.
He has recently launched a superbly insightful and honest book called 'The Education Of A Value Investor', aspects of which we discuss in some detail.
We are thrilled to chat with Guy and gain his insight on many aspects of both money and life. He tells us about his approach to work, investing, life and how the likes of Warren Buffett and Monish Pabrai have shaped him.
Be sure to drop us a mail if you have any ideas, suggestions or questions following this episode. You can mail me directly here.
Enjoy!
References:
The Education Of A Value Investor
In a meeting last week I was asked why my philosophy toward successful long term investing was so simplistic and boring. I was delighted! For context the people I was working with had understood me to have been in the financial planning profession for 13 years (correct) and that I was a 'finance expert' (marginally correct!). Based on these two bits of information they had concluded that I would have a very complex, very elaborate, and dare I say it, very confusing approach when it comes to investing. This is what most of us have been conditioned to believe. That is most likely as a result of the unnecessarily complex products and layers that are rife in the Financial Services Industry.
When I explained my (very non-complex) belief on how one can achieve long term success they essentially scoffed at it, as if disappointed that I had not unleased a bout of verbal financial terminology and nonsense on them! It really got me thinking, it challenged me, and for that I am so grateful. As a result of that interaction this week I am sharing a short (true) story about long term results when one investor took a complex approach and when another took a very very simplistic and boring approach....and let you decide which might work best!
Welcome back to Ireland's only dedicated and non-smoke&mirrors Blog and Podcast on a mission to help people make better decisions and ultimately to live the life that they want to live. All we ask in return is that you tell a friend and if you are feeling really enthused that you drop me a mail to say Hi, offer feedback that could help us improve this site, or indeed ask a question!