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    Turning millions into thousands

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      Turning millions into thousands

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        Originally posted by Strewelpeter View Post
        If Norma Foley had any cop on she would have issued an order forbidding schools from allowing teachers and special needs children to be in the same building during thi lockdown. 90% chance ASTI would have fought tooth and nail to allow it.
        Fucking pricks
        Poacher turned gamekeeper.

        Kerry Fianna Fáil TD Norma Foley has called for urgent clarification from the Government and the Department of Education about plans for this year's delayed Leaving Cert exams.

        Deputy Foley - a teacher at Presentation Secondary School in Tralee - says she has been 'inundated' with calls from students, parents and teachers who are deeply concerned about how the exams will be run.

        The Tralee based TD raised a number of serious concerns about the plans for the exams including how marks for practical exams will be applied and how exams that are typically over two hours long will be conducted under current restrictions that place strict time limits on large gatherings.

        Deputy Foley said the ongoing lack of clarity over the exams is placing students under extreme stress and anxiety.

        "Leaving Cert students are currently experiencing unnecessarily heightened levels of stress and anxiety due to a lack of preparedness and planning by the Department of Education some eight weeks after schools closed," she said.

        Deputy Foley said it is 'inexcusable' that students are being forced to prepare for their exams in an information vacuum.

        "There is absolutely no clarity for students as to how exactly the Leaving Cert exams will operate. Amazingly, the only information currently to hand is the July 29 date, nothing more" she claimed.

        The Kerry TD has highlighted a myriad of concerns Minister for Education Joe McHugh.

        Her concerns include the following issues among many others.

        As public health measures advise that no gathering of people can extend beyond two hours does that mean that all subject exams will be for a maximum of 120mins?

        If so and if a two hour exam time frame is to be the norm what exactly will be examined in each subject and will all typical exam topics appear on the paper allowing students to select their preferences?

        Deputy Foley also asked what plans are in place for students and teachers who may have underlying health conditions and what measures are in place to handle a situation if a student or supervisor takes ill?

        If that were to occur she asked if all those in the exam centre be required to be tested and to self-isolate.

        Minister McHugh was also asked to concede that it is now "neither fair nor possible" for practical, project and coursework to be examined at this stage and that full marks for these tests should be awarded as was the case for practical elements of the music and Irish and foreign language orals.

        "Students deserve equal treatment and consequently full marks should be awarded in subjects with a practical element," said Deputy Foley.

        With regard to the results Deputy Foley asked what provision is being made for students who have been awarded places to study abroad from August and who do not have the option to defer?

        "Leaving Cert students are currently living in a state of Limbo. In the interest of the health and well-being of all concerned now is the time for full disclosure of plans by the Department of Education. Students, parents and teachers deserve nothing less" concluded Deputy Foley.
        https://www.independent.ie/regionals...-39183684.html
        Happiness is not a goal; it is a by-product. ~Eleanor Roosevelt

        Comment


          I'm looking at all the 'named on a map' district areas within 8km of the kids schools (they'll be at two different schools soon after we move into a new place) and trying to narrow it down to get a kickstart on buying somewhere. There's some obvious tradeoffs that the really cool places are far too expensive, and the dodgy places that are affordable are some of those old style planned communities like Cabinteely and Balinteer with one crappy shop and one dodgy Chinese in the whole area.

          Would any of these areas be 'surprisingly good'? I mean in the sense of say a Stonybatter which is apparently famously cool now despite still looking a bit like a kip. Maybe there's an area that a lot of people write off but has a lot of vibrancy.

          Any of these areas decent up and coming areas that are going to be way better in the future because of 'something'? A new development, transport, or something like that.

          Any definitely to avoid?


          Just in case any pop straight into your head as you are scanning the list!



          Stepaside

          Ballyogen

          Scholarstown

          Glencullen

          Foxrock

          Kilternan

          Cabinteely

          Ballybrack

          Sandyford

          Loughlinstown

          Killiney

          Cabinteely

          Dalkey

          Deansgrange

          Leopardstown

          Dun Laoighaire

          Stillorgan

          Ballinteer

          Dundrum

          Mount Merrion

          Blackrock

          Ballyroan

          Willbrook

          Templeogue

          Perrystown

          Churchtown

          Windy Arbour

          Booterstown

          Terenure

          Dartry

          Milltown

          Merrion

          Donnybrook

          Kimmage

          Harold's Cross

          Irishtown
          "We're not f*cking Burundi" - Big Phil

          Comment


            Dalkey is a bit of a kip now, but it has a lot of potential.

            Comment


              anybody have a paella cooking set up? like a large pan/gas burner combo - searching the net they are easily bought but they are the sort of thing id expect to be able find in some random shop somewhere at half the price?

              Comment


                Decent movie watched earlier today. The acting is particularly good.


                MV5BYmE2NDNlMDktOTA5YS00ZmYyLWE1ZjUtN2QzZGIzNzI1MGVmXkEyXkFqcGdeQXVyODE5NzE3OTE@._V1_UY1200_CR90,0,630,1200_AL_.jpg
                "We're not f*cking Burundi" - Big Phil

                Comment


                  Going to try to end the day on a double-movie success with the fascinating looking Class Action Park.



                  "We're not f*cking Burundi" - Big Phil

                  Comment


                    Comment


                      Originally posted by Gimmeabreak View Post
                      anybody have a paella cooking set up? like a large pan/gas burner combo - searching the net they are easily bought but they are the sort of thing id expect to be able find in some random shop somewhere at half the price?
                      Was researching this myself last week. Came to the conclusion that, for day to day paella, ie, 3 to 4 servings, a 12" cast iron skillet and a gas hob are perfectly sufficient.

                      I would love to cook it outdoors for friends at least once though.
                      I hold silver in tit for tat, and I love you for that

                      Comment


                        On the movie topic, Nomadland is an elegaic beauty of a movie.
                        "We are not Europeans. Those people on the continent are freaks."

                        Comment


                          Originally posted by Hitchhiker's Guide To... View Post
                          I'm looking at all the 'named on a map' district areas within 8km of the kids schools (they'll be at two different schools soon after we move into a new place) and trying to narrow it down to get a kickstart on buying somewhere. There's some obvious tradeoffs that the really cool places are far too expensive, and the dodgy places that are affordable are some of those old style planned communities like Cabinteely and Balinteer with one crappy shop and one dodgy Chinese in the whole area.

                          Would any of these areas be 'surprisingly good'? I mean in the sense of say a Stonybatter which is apparently famously cool now despite still looking a bit like a kip. Maybe there's an area that a lot of people write off but has a lot of vibrancy.

                          Any of these areas decent up and coming areas that are going to be way better in the future because of 'something'? A new development, transport, or something like that.

                          Any definitely to avoid?


                          Just in case any pop straight into your head as you are scanning the list
                          Dartry is nice and sort of forgotten about. Doesn't seem to pop up a ton on daft.

                          You don't have Monkstown on your list and it should be.

                          Depending on where your kids are going to school there's defo some spots that could be knocked off (transport around scholarstown looks like a mess). If they're still near hollypark schoolwise, Harold's cross/kimmage would defo be out for me.

                          Might rule out ballyogan in general as it seems to be light on "stuff" (will prob end up buying there given how shit things are)

                          Comment


                            Originally posted by Hitchhiker's Guide To... View Post
                            Going to try to end the day on a double-movie success with the fascinating looking Class Action Park.



                            wow that was brilliant.
                            "We're not f*cking Burundi" - Big Phil

                            Comment




                              Breakdancing in Limerick City, Ireland 1984


                              (well worth the 5min watch even if you're a bit 'meh' about breakdancing)
                              Last edited by BennyHiFi; 10-01-21, 00:16.

                              Comment


                                Originally posted by Ed View Post

                                Dartry is nice and sort of forgotten about. Doesn't seem to pop up a ton on daft.

                                You don't have Monkstown on your list and it should be.

                                Depending on where your kids are going to school there's defo some spots that could be knocked off (transport around scholarstown looks like a mess). If they're still near hollypark schoolwise, Harold's cross/kimmage would defo be out for me.

                                Might rule out ballyogan in general as it seems to be light on "stuff" (will prob end up buying there given how shit things are)
                                I must share the eventual spreadsheets with you in that case. We're getting all the house pricing data tomorrow for all the areas to work out the price trends. Then doing up folders of all the amenities and stuff like that. I suppose its all about having a decent time while there and then selling in a decade for a decent gain. Or at least thats the way I'm approaching it for now.

                                Was out near Ballyogan today - in Stepaside. Decent park out there (Fernhill Gardens) thats within our 5km! Taxi driver said he used to live around there and Ballyogen is a bit rough. That Bellarmine area looks decent enough if a little bit cookie cutter.

                                The eldest will be going to the French secondary school in Clonskeagh in 18 months or so, so our eye is on both that and hollypark. That area around hollypark seems impossibly expensive. Maybe also a bit old in terms of residents. I'd imagine it would be nice to live in an area where everyone is around the same age.
                                "We're not f*cking Burundi" - Big Phil

                                Comment


                                  Cheers, would appreciate that.

                                  You're spot on about hollypark. As mentioned before, I grew up just around the corner and the age of those houses mean that a lot of the residents are my parents age (parents are still there) and there hasn't been a turnover of young families. Only young families in my old estate are as a result of the parents passing away and their kids moving in.

                                  Comment


                                    Originally posted by shrapnel View Post

                                    power consumption isn't much more than when the PC is running as normal. I only turn off the mining when i'm gaming. Profitability so far is about £4-5 per day (after electricity is taken into account). i know i can get better rates if i lower the voltage on the GPU but haven't done that yet. I've got a good 60Mh/s currently. just learning and tweaking as i go along tbh.

                                    I only give access to my GPU as rates for CPU are so much lower and puts the CPU at 80% load so really not worth it.
                                    Been playing around with the GPU settings this morning, and managed to drop voltage by over 10% and upped the VRAM frequency. System is perfectly stable, even for heavy gaming and i'm up to 64MH/s, so should increase profitablility nicely.

                                    Comment


                                      Originally posted by Hitchhiker's Guide To... View Post
                                      Going to try to end the day on a double-movie success with the fascinating looking Class Action Park.



                                      Mental place! watched that a couple of months ago and added the book it was based on on my to read list. Haven't gotten around to it yet but apparently the book is a LOT crazier than the documentary.

                                      Comment


                                        Originally posted by Hitchhiker's Guide To... View Post

                                        I must share the eventual spreadsheets with you in that case. We're getting all the house pricing data tomorrow for all the areas to work out the price trends. Then doing up folders of all the amenities and stuff like that. I suppose its all about having a decent time while there and then selling in a decade for a decent gain. Or at least thats the way I'm approaching it for now.

                                        Was out near Ballyogan today - in Stepaside. Decent park out there (Fernhill Gardens) thats within our 5km! Taxi driver said he used to live around there and Ballyogen is a bit rough. That Bellarmine area looks decent enough if a little bit cookie cutter.

                                        The eldest will be going to the French secondary school in Clonskeagh in 18 months or so, so our eye is on both that and hollypark. That area around hollypark seems impossibly expensive. Maybe also a bit old in terms of residents. I'd imagine it would be nice to live in an area where everyone is around the same age.
                                        Your eldest is secondary school age already!? No fackin way!

                                        Comment


                                          New free documentary on EVA . A good watch



                                           

                                          Comment


                                            Originally posted by Ed View Post

                                            Dartry is nice and sort of forgotten about. Doesn't seem to pop up a ton on daft.

                                            You don't have Monkstown on your list and it should be.

                                            Depending on where your kids are going to school there's defo some spots that could be knocked off (transport around scholarstown looks like a mess). If they're still near hollypark schoolwise, Harold's cross/kimmage would defo be out for me.

                                            Might rule out ballyogan in general as it seems to be light on "stuff" (will prob end up buying there given how shit things are)
                                            Fair ol' difference in budget between Scholarstown (I've lived beside it most of my life and never knew it was an "area"!) and Dartry/Dalkey.

                                            As Ed says transport a big problem in Scholarstown. Need to be closer to the 15 bus if transport is required to CC (runs 24/7 every 10 mins most of the day) so any part of older Knocklyon far better option.

                                            Are you not working in DCU?

                                            Took me about 40 mins to post this, cant be dealing with this site anymore.




                                            Last edited by Dice75; 10-01-21, 10:23.

                                            Comment


                                              Originally posted by Lazare View Post

                                              Was researching this myself last week. Came to the conclusion that, for day to day paella, ie, 3 to 4 servings, a 12" cast iron skillet and a gas hob are perfectly sufficient.

                                              I would love to cook it outdoors for friends at least once though.
                                              ah yea day to day is easy - I just have this romantic notion of doing one over gas burner on the patio.

                                              Comment


                                                Originally posted by Keane View Post

                                                Your eldest is secondary school age already!? No fackin way!
                                                Its very fucking scary all round! Well there's another 18 months and they start a year earlier in the French secondary system
                                                "We're not f*cking Burundi" - Big Phil

                                                Comment


                                                  yeah theres just something fundamentally broken about the website. is there no chance the offer of funding external help could be taken up?
                                                  "We're not f*cking Burundi" - Big Phil

                                                  Comment


                                                    Originally posted by Dice75 View Post

                                                    Fair ol' difference in budget between Scholarstown (I've lived beside it most of my life and never knew it was an "area"!) and Dartry/Dalkey.

                                                    As Ed says transport a big problem in Scholarstown. Need to be closer to the 15 bus if transport is required to CC (runs 24/7 every 10 mins most of the day) so any part of older Knocklyon far better option.

                                                    Are you not working in DCU?

                                                    Took me about 40 mins to post this, cant be dealing with this site anymore.

                                                    brill. Knocklyon is a whole new area!

                                                    I'm just going to suck it up on dcu on the grounds that I'm unlikely to be in there much. I'd say about 80 commutes a year max even in good non-covidy times.
                                                    "We're not f*cking Burundi" - Big Phil

                                                    Comment


                                                      Originally posted by Hitchhiker's Guide To... View Post

                                                      I must share the eventual spreadsheets with you in that case. We're getting all the house pricing data tomorrow for all the areas to work out the price trends. Then doing up folders of all the amenities and stuff like that. I suppose its all about having a decent time while there and then selling in a decade for a decent gain. Or at least thats the way I'm approaching it for now.
                                                      Would you advocate for this approach to home ownership in an economics class? This seems up there with the 'my house is my pension' crew.

                                                      Originally posted by Hitchhiker's Guide To... View Post
                                                      Maybe also a bit old in terms of residents. I'd imagine it would be nice to live in an area where everyone is around the same age.
                                                      Every nice settled area in Dublin has this age profile. There is literally one other family with kids on our road of 20 houses.

                                                      The simple way you can tell the age profile is the ratio of 'houses with net curtains' on a road.
                                                      "We are not Europeans. Those people on the continent are freaks."

                                                      Comment


                                                        Why do old people love net curtains so much? Any insights would be appreciated.
                                                        "We are not Europeans. Those people on the continent are freaks."

                                                        Comment


                                                          Originally posted by Hitchhiker's Guide To... View Post

                                                          brill. Knocklyon is a whole new area!

                                                          I'm just going to suck it up on dcu on the grounds that I'm unlikely to be in there much. I'd say about 80 commutes a year max even in good non-covidy times.
                                                          Well if its any consolation the 15 bus goes through town and out past Raoul Duke there so you could hop off in Doneycarney and 20? min walk to work from there. Downside is slow in rushhour id imagine (never had to battle morning traffic thankfully).

                                                          Comment


                                                            Originally posted by Raoul Duke III View Post
                                                            Why do old people love net curtains so much? Any insights would be appreciated.
                                                            And grey dowdy clothes. I wonder where they all shop now that Boyers is gone.

                                                            On the other end of the spectrum, something rounders mentioned. What's with young people wearing shorts outside? The Grand Canal is frozen but they're dressed for a gaa match.

                                                            Comment


                                                              Originally posted by Raoul Duke III View Post
                                                              Why do old people love net curtains so much? Any insights would be appreciated.
                                                              It's hard to be a curtain twitcher sans the curtains.

                                                              Sent from my SM-G930F using Tapatalk

                                                              Comment


                                                                Originally posted by Raoul Duke III View Post

                                                                Would you advocate for this approach to home ownership in an economics class? This seems up there with the 'my house is my pension' crew.
                                                                I don't know what country you think you live in. This ain't your beloved commie mosssskow. Your home is your lifetime biggest asset apart from your pension, why would you not approach it as an investment?
                                                                "We're not f*cking Burundi" - Big Phil

                                                                Comment


                                                                  Originally posted by Hitchhiker's Guide To... View Post

                                                                  I don't know what country you think you live in. This ain't your beloved commie mosssskow. Your home is your lifetime biggest asset apart from your pension, why would you not approach it as an investment?
                                                                  Why would you envisage yourself selling after your eldest finishes school?
                                                                  Is the goal to move out of Dublin or move elsewhere in Dublin?

                                                                  We're currently saving for our next place in 3-4 years with the goal of keeping our current house as a rental.

                                                                  Comment


                                                                    Originally posted by Murdrum View Post

                                                                    Why would you envisage yourself selling after your eldest finishes school?
                                                                    Is the goal to move out of Dublin or move elsewhere in Dublin?

                                                                    We're currently saving for our next place in 3-4 years with the goal of keeping our current house as a rental.
                                                                    Want to move up to one of those posh houses in Foxrock in due course, but that's a long way away economically. So need to buy a place that makes decent money by being in the right future area and expanding / renovated.
                                                                    "We're not f*cking Burundi" - Big Phil

                                                                    Comment


                                                                      Not saying that is a smart idea, it's just *the* idea as of right now.
                                                                      "We're not f*cking Burundi" - Big Phil

                                                                      Comment


                                                                        Originally posted by Murdrum View Post

                                                                        Why would you envisage yourself selling after your eldest finishes school?
                                                                        Is the goal to move out of Dublin or move elsewhere in Dublin?

                                                                        We're currently saving for our next place in 3-4 years with the goal of keeping our current house as a rental.
                                                                        Have you analysed the cost/benefit of a house as your primary investment vehicle rather than a diversified investment portfolio? Or if you want to invest in property, just buy shares in a REIT FFS. All the return, far less of the risk, none of the hassle.

                                                                        I must say I'm a bit shocked to see otherwise smart people spouting stuff that could be copied and pasted straight from 2006. Need V to wield the sword of righteousness here and get your heads screwed on straight!
                                                                        "We are not Europeans. Those people on the continent are freaks."

                                                                        Comment


                                                                          Username change request to Papa.

                                                                          Herselves doing well, home today at midday. Good start to 21.

                                                                          Comment


                                                                            Originally posted by Raoul Duke III View Post

                                                                            Have you analysed the cost/benefit of a house as your primary investment vehicle rather than a diversified investment portfolio? Or if you want to invest in property, just buy shares in a REIT FFS. All the return, far less of the risk, none of the hassle.

                                                                            I must say I'm a bit shocked to see otherwise smart people spouting stuff that could be copied and pasted straight from 2006. Need V to wield the sword of righteousness here and get your heads screwed on straight!
                                                                            I have done a little but I haven't looked at it too extensively yet because we're still quite far away. Our situation might change so who knows.

                                                                            If we were to rent it now, we'd be looking at something in the neighbourhood of 10% Gross Yield at Y3 of the mortgage which seems pretty solid in light of mortgage relief and low upkeep.

                                                                            Also, there's also some additional advantages to keeping the property long term.
                                                                            I wont get into it but it's nothing related to potential appreciation or anything else speculative but I'd be close to 100% sure that you'd agree with keeping it long term.

                                                                            Comment


                                                                              Originally posted by Raoul Duke III View Post

                                                                              Have you analysed the cost/benefit of a house as your primary investment vehicle rather than a diversified investment portfolio? Or if you want to invest in property, just buy shares in a REIT FFS. All the return, far less of the risk, none of the hassle.

                                                                              I must say I'm a bit shocked to see otherwise smart people spouting stuff that could be copied and pasted straight from 2006. Need V to wield the sword of righteousness here and get your heads screwed on straight!
                                                                              Best investment areas Ireland with regards to tax?

                                                                              Take into account I've recently spent time in Engerland so was a bit shocked to see how much some investments get taxed in Ireland in comparison
                                                                              Ta
                                                                              Last edited by Elshambles; 10-01-21, 14:56.
                                                                              PMA

                                                                              Comment


                                                                                Originally posted by Murdrum View Post

                                                                                I have done a little but I haven't looked at it too extensively yet because we're still quite far away. Our situation might change so who knows.

                                                                                If we were to rent it now, we'd be looking at something in the neighbourhood of 10% Gross Yield at Y3 of the mortgage which seems pretty solid in light of mortgage relief and low upkeep.

                                                                                Also, there's also some additional advantages to keeping the property long term.
                                                                                I wont get into it but it's nothing related to potential appreciation or anything else speculative but I'd be close to 100% sure that you'd agree with keeping it long term.
                                                                                I'd be interested in seeing your calculations. Including assumptions around occupancy ratio, maintenance costs and, of course, tax efficiency. And a comparison to same for just investing it in an ETF (you're obviously smart enough to be maxing out your pension so we won't even go there).

                                                                                Personally I think an individual property is one of the dumbest forms of investment decision you can possibly make. It's not like we don't have a rather large recent body of evidence in support of this.
                                                                                "We are not Europeans. Those people on the continent are freaks."

                                                                                Comment


                                                                                  Turns out the USA doesn't take too kindly to not having your greencard with you when you try to fly back. It's taken three days but they've finally signed off on me being allowed to fly. Thorough interview when I get there though.

                                                                                  Comment


                                                                                    Originally posted by Raoul Duke III View Post

                                                                                    I'd be interested in seeing your calculations. Including assumptions around occupancy ratio, maintenance costs and, of course, tax efficiency. And a comparison to same for just investing it in an ETF (you're obviously smart enough to be maxing out your pension so we won't even go there).

                                                                                    Personally I think an individual property is one of the dumbest forms of investment decision you can possibly make. It's not like we don't have a rather large recent body of evidence in support of this.
                                                                                    Buy three and become a slumlord ?

                                                                                    Comment


                                                                                      All this property talk made me check former darling of some on here ThePropertypin - holy shot it’s just turned into a Qanon dumping ground

                                                                                      Comment


                                                                                        I had an offer accepted and finalise the sale on a house in Dallas next week. The difference in property prices,taxes and such astounds me, both between Ireland and Texas and the different areas around here. Sold a house there in 2015 which was an astonishing property but the estimated price hike now is more than I'm spending on new house.

                                                                                        Comment


                                                                                          Originally posted by Elshambles View Post

                                                                                          Best investment areas Ireland with regards to tax?

                                                                                          Take into account I've recently spent time in Engerland so was a bit shocked to see how much some investments get taxed in Ireland in comparison
                                                                                          Ta
                                                                                          This is definitely a V question (although he will probably charge you €500 p/h to answer it ).

                                                                                          Look, as a PAYE worker, the most tax-efficient thing you can do is max out your pension contributions. If you're between 40-50 that's 25% of your income up to 115k. If you're 30-40, that's 20% up to the same ceiling. The government is essentially incentivising you by 40% to do this, it would be stupid not to.

                                                                                          Beyond that, if you have a big pile of money and you want to invest it, I'm not going to give you any more imaginative answer than 'stick it in an ETF of your choosing'. You can't beat the market long-term, you are not an investment professional, you have less expertise and information than any professional - so don't even try. Give them your money, it will be invested efficiently and in a diversified manner.

                                                                                          Don't go lumping it all into Tesla. Or Bitcoin. Or an apartment. Or gold.

                                                                                          Boring advice I know on this forum!
                                                                                          "We are not Europeans. Those people on the continent are freaks."

                                                                                          Comment


                                                                                            Originally posted by Raoul Duke III View Post


                                                                                            Personally I think an individual property is one of the dumbest forms of investment decision you can possibly make. It's not like we don't have a rather large recent body of evidence in support of this.
                                                                                            I find it bizarre that you can read all those smart-sounding books and still have such glaring mental flaws.

                                                                                            Irish property did indeed have one of the worlds worst property corrections in history - and has now recovered all those losses. That tells you precisely how resiliant the asset class is.

                                                                                            The fundamental issue here from an investment perspective:

                                                                                            - Ireland should remain a very rich country due to network effects that are very hard to break
                                                                                            - There are going to be millions more people living here over the next few decades, all well paid
                                                                                            - You can get a return on a much larger asset base than you can in other investments due to leverage being built in

                                                                                            Demographics and wealth are the two core determinants of property value.

                                                                                            On the other hand, your diversified portfolio is excessively reliant on a declining investment story - I'd say that maybe 90% of your portfolio is in developed countries and so is going to miss the whole rise of asia and Africa over the next few decades.

                                                                                            The idea of a diversified portfolio is used as a handy rule of thumb because it tells the common person how to make broadly correct decisions. You're reciting the story that finance profs came up with in the 1960s and then marketed in A Random Walk Down Wall Street. Its the core of all Finance 101 courses. And indeed it is fundamentally correct. But its not wrong to take on more risk for higher return through lack of diversification providing you feel you know the risk you are taking on and can manage it.
                                                                                            "We're not f*cking Burundi" - Big Phil

                                                                                            Comment


                                                                                              The only way you can really make wealth is by taking some sort of 'extraordinary' risk that you feel you have an edge on managing.
                                                                                              "We're not f*cking Burundi" - Big Phil

                                                                                              Comment


                                                                                                Exciting times emmet! congrats to the whole family, everyone must be delighted!!!
                                                                                                "We're not f*cking Burundi" - Big Phil

                                                                                                Comment


                                                                                                  Originally posted by PSV58 View Post
                                                                                                  All this property talk made me check former darling of some on here ThePropertypin - holy shot it’s just turned into a Qanon dumping ground
                                                                                                  Sounds about right considering it has always been a breeding ground for that type
                                                                                                  Turning millions into thousands

                                                                                                  Comment


                                                                                                    Originally posted by Hitchhiker's Guide To... View Post
                                                                                                    - There are going to be millions more people living here over the next few decades, all well paid
                                                                                                    This will happen but it is something we have to plan for and manage, none of the political parties are really dealing with future growth and the quality of governance we are likely to see into the future is not very encouraging. Anyone listening to Mary Lou's interview today would be rightly terrified by it.
                                                                                                    Nice Freudian slip when she agreed with the proposition that any party member who denounced the actions of the IRA was likely to have party thugs call around to their house to sort out their thinking
                                                                                                    Turning millions into thousands

                                                                                                    Comment


                                                                                                      Speaking of investing, something very strange will be occurring over the next few years I feel.

                                                                                                      You have the common Joe with unprecedented and cheap access to the markets in the US and Canada (Ireland still miles behind in this regard it seems) with things like RobinHood, Schwabs fractional share product, Questrade/E Trade etc.

                                                                                                      You have an uptick in this investment choice since Covid since there is nothing else to do (Sports were all cancelled and this was an outlet).

                                                                                                      Then you have a crash in March 2020 and then an incredible rally, still going.

                                                                                                      Putting your money in any random stock since then has seen massive returns.

                                                                                                      Then you have Bitcoin and the money made off that.

                                                                                                      All this boils down to a demographic of people that have taken their first shot at investing and will feel invincible, a demographic with no reason to feel that way but ignorance.

                                                                                                      I wonder how that’ll all play out in the long term. But surely something there is exploitable.
                                                                                                      This may or may not be an original thought of my own.
                                                                                                      All efforts were made to make this thought original but with the abundance of thoughts in the world the originality of this thought cannot be guaranteed.
                                                                                                      The author is not liable for any issue arising from the platitudinous nature of this post.

                                                                                                      Comment


                                                                                                        Originally posted by Hitchhiker's Guide To... View Post
                                                                                                        The only way you can really make wealth is by taking some sort of 'extraordinary' risk that you feel you have an edge on managing.
                                                                                                        You mean 'the kind of wealth that (a) means you never even have to think about work again and (b) is so large that it is truly intra-generational i.e. will outlive you'?

                                                                                                        If yes, I'd agree with that. Hardly anyone who works for a living will ever make that kind of scratch, unless you're lucky enough to be one of the first employees at the Google\Facebook\Twitter of the future.
                                                                                                        "We are not Europeans. Those people on the continent are freaks."

                                                                                                        Comment


                                                                                                          Originally posted by Theresa View Post
                                                                                                          Speaking of investing, something very strange will be occurring over the next few years I feel.

                                                                                                          You have the common Joe with unprecedented and cheap access to the markets in the US and Canada (Ireland still miles behind in this regard it seems) with things like RobinHood, Schwabs fractional share product, Questrade/E Trade etc.

                                                                                                          You have an uptick in this investment choice since Covid since there is nothing else to do (Sports were all cancelled and this was an outlet).

                                                                                                          Then you have a crash in March 2020 and then an incredible rally, still going.

                                                                                                          Putting your money in any random stock since then has seen massive returns.

                                                                                                          Then you have Bitcoin and the money made off that.

                                                                                                          All this boils down to a demographic of people that have taken their first shot at investing and will feel invincible, a demographic with no reason to feel that way but ignorance.

                                                                                                          I wonder how that’ll all play out in the long term. But surely something there is exploitable.
                                                                                                          I'm surprised more hasn't been made of this here. The ramifications could be very severe - the stock market is now quite divorced from reality. The US jobs figures that came out recently was staggeringly bad and the market just ignored it.

                                                                                                          Negative interest rates have a large part to play in it too - No point in depositing in a savings account that's paying less than .1%
                                                                                                          Last edited by Hectorjelly; 10-01-21, 16:23.

                                                                                                          Comment


                                                                                                            Originally posted by Hitchhiker's Guide To... View Post

                                                                                                            I find it bizarre that you can read all those smart-sounding books and still have such glaring mental flaws.
                                                                                                            Starting with an ad hominem. Never change!

                                                                                                            Originally posted by Hitchhiker's Guide To... View Post
                                                                                                            Irish property did indeed have one of the worlds worst property corrections in history - and has now recovered all those losses. That tells you precisely how resiliant the asset class is.
                                                                                                            it's resilient.

                                                                                                            $100 invested in the S&P in 2005 would now be worth ~$450
                                                                                                            $100 invested in Irish property in 2005 would now be worth about ~$120
                                                                                                            Yay!


                                                                                                            Originally posted by Hitchhiker's Guide To... View Post
                                                                                                            The fundamental issue here from an investment perspective:

                                                                                                            - Ireland should remain a very rich country due to network effects that are very hard to break
                                                                                                            - There are going to be millions more people living here over the next few decades, all well paid
                                                                                                            - You can get a return on a much larger asset base than you can in other investments due to leverage being built in
                                                                                                            This is really, really naive optimism, bordering on delusion.
                                                                                                            Ireland is an offshore aircraft carrier for US MNCs.
                                                                                                            Our entire economy is predicated on this FDI.
                                                                                                            If that FDI goes, we're fucked. (like completely fucked, back to 1980s fucked - like we become Moldova without the weather).
                                                                                                            And if we're fucked, then our property market is fucked.

                                                                                                            This kind of external shock (i.e. Ireland becoming unattractive as a location for FDI) is the single biggest risk to all of our futures - and it's not doomy to point out that tax harmonisation is very much on the agenda now, especially with the Brits having Brexited. And it's something we have fuck all control over.

                                                                                                            So if people really want to get stuck into an asset class that is predicated 100% on the continuing attractiveness of Ireland as a location for FDI, then good luck to them. I hope for everyone's sake that we prosper mightily. But I'm not going to allocate all my investment eggs into that basket.

                                                                                                            And if you think rick countries can never become poor, I have one word for you: Argentina.
                                                                                                            "We are not Europeans. Those people on the continent are freaks."

                                                                                                            Comment


                                                                                                              Originally posted by Hectorjelly View Post

                                                                                                              I'm surprised more hasn't been made of this here. The ramifications could be very severe - the stock market is now quite divorced from reality. The US jobs figures that came out recently was staggeringly bad and the market just ignored it.

                                                                                                              Negative interest rates have a large part to play in it too - No point in depositing in a savings account that's paying less than .1%
                                                                                                              What ramifications do you foresee?

                                                                                                              Denny made a comment a while back about individual stocks maybe being a better route than ETFs or index trackers. Assuming you have some sense of how to value a company that might still hold.

                                                                                                              Course one could be accused me of not being a pro and so I should stick to ETFs.
                                                                                                              This may or may not be an original thought of my own.
                                                                                                              All efforts were made to make this thought original but with the abundance of thoughts in the world the originality of this thought cannot be guaranteed.
                                                                                                              The author is not liable for any issue arising from the platitudinous nature of this post.

                                                                                                              Comment


                                                                                                                Originally posted by Hitchhiker's Guide To... View Post
                                                                                                                Going to try to end the day on a double-movie success with the fascinating looking Class Action Park.



                                                                                                                The 18-25 version of this was created in a small sleepy river village in North Central Laos between 2010-2014.

                                                                                                                The booze, drugs and carnage was something else. Literally unbelievable.
                                                                                                                This may or may not be an original thought of my own.
                                                                                                                All efforts were made to make this thought original but with the abundance of thoughts in the world the originality of this thought cannot be guaranteed.
                                                                                                                The author is not liable for any issue arising from the platitudinous nature of this post.

                                                                                                                Comment


                                                                                                                  Originally posted by Hectorjelly View Post

                                                                                                                  I'm surprised more hasn't been made of this here. The ramifications could be very severe - the stock market is now quite divorced from reality. The US jobs figures that came out recently was staggeringly bad and the market just ignored it.

                                                                                                                  Negative interest rates have a large part to play in it too - No point in depositing in a savings account that's paying less than .1%
                                                                                                                  One could argue economically that the US made a more prudent move than other countries by distributing a welfare cheque rather than bankrolling furloughed jobs.

                                                                                                                  The figures I looked at a while ago indicated that they have bounced back better than most countries. One can obviously argue the cost of that.

                                                                                                                  Originally posted by Raoul Duke III View Post
                                                                                                                  I'd be interested in seeing your calculations. Including assumptions around occupancy ratio, maintenance costs and, of course, tax efficiency. And a comparison to same for just investing it in an ETF (you're obviously smart enough to be maxing out your pension so we won't even go there).

                                                                                                                  Personally I think an individual property is one of the dumbest forms of investment decision you can possibly make. It's not like we don't have a rather large recent body of evidence in support of this
                                                                                                                  Pension has been maxed so not completely oblivious, does anyone want to try explain their rationale to V4V.

                                                                                                                  As far as investing goes, between the house and clearing a student loan asap, funds weren't available for much else but zeroish cost ETF was generally the plan.

                                                                                                                  I'd be totally on board with you regarding the investment property as my family fell foul to that hype too.

                                                                                                                  That said, I feel the additional element of it makes the situation a tad more unique and holding on may be more risk averse if anything.

                                                                                                                  My most immediate consideration will be whether to max out discounted ESPP or if that can be better used elsewhere.

                                                                                                                  Comment


                                                                                                                    This is an incredible article, pov of people inside the building..

                                                                                                                    https://www.washingtonpost.com/polit....co/upS7VekHOl
                                                                                                                    I hold silver in tit for tat, and I love you for that

                                                                                                                    Comment


                                                                                                                      Originally posted by Raoul Duke III View Post

                                                                                                                      Starting with an ad hominem. Never change!



                                                                                                                      it's resilient.

                                                                                                                      $100 invested in the S&P in 2005 would now be worth ~$450
                                                                                                                      $100 invested in Irish property in 2005 would now be worth about ~$120
                                                                                                                      Yay!




                                                                                                                      This is really, really naive optimism, bordering on delusion.
                                                                                                                      Ireland is an offshore aircraft carrier for US MNCs.
                                                                                                                      Our entire economy is predicated on this FDI.
                                                                                                                      If that FDI goes, we're fucked. (like completely fucked, back to 1980s fucked - like we become Moldova without the weather).
                                                                                                                      And if we're fucked, then our property market is fucked.

                                                                                                                      This kind of external shock (i.e. Ireland becoming unattractive as a location for FDI) is the single biggest risk to all of our futures - and it's not doomy to point out that tax harmonisation is very much on the agenda now, especially with the Brits having Brexited. And it's something we have fuck all control over.

                                                                                                                      So if people really want to get stuck into an asset class that is predicated 100% on the continuing attractiveness of Ireland as a location for FDI, then good luck to them. I hope for everyone's sake that we prosper mightily. But I'm not going to allocate all my investment eggs into that basket.

                                                                                                                      And if you think rick countries can never become poor, I have one word for you: Argentina.
                                                                                                                      Yeah, was about to say the same thing about the leprechaun economics.

                                                                                                                      One shouldn't look at the family home as an investment, but primarily at its utility value.

                                                                                                                      What about apartments in Bulgaria Hitch or maybe a racehorse? Have you checked out Eddie Hobb's website?
                                                                                                                      Happiness is not a goal; it is a by-product. ~Eleanor Roosevelt

                                                                                                                      Comment


                                                                                                                        Originally posted by Wombatman View Post

                                                                                                                        Yeah, was about to say the same thing about the leprechaun economics.

                                                                                                                        One shouldn't look at the family home as an investment, but primarily at its utility value.

                                                                                                                        What about apartments in Bulgaria Hitch or maybe a racehorse? Have you checked out Eddie Hobb's website?
                                                                                                                        Why can’t it be both?

                                                                                                                        Is not not reasonable to view the biggest and most valuable asset you are about to buy from the perspective of wanting to get the best return on it if you do decide to sell?

                                                                                                                        What are yourself and RD3 suggesting? That you buy this asset and just ignore the fact that it could appreciate or depreciate in value? Does that seem sensible?
                                                                                                                        This may or may not be an original thought of my own.
                                                                                                                        All efforts were made to make this thought original but with the abundance of thoughts in the world the originality of this thought cannot be guaranteed.
                                                                                                                        The author is not liable for any issue arising from the platitudinous nature of this post.

                                                                                                                        Comment


                                                                                                                          Originally posted by Wombatman View Post

                                                                                                                          Yeah, was about to say the same thing about the leprechaun economics.

                                                                                                                          One shouldn't look at the family home as an investment, but primarily at its utility value.

                                                                                                                          What about apartments in Bulgaria Hitch or maybe a racehorse? Have you checked out Eddie Hobb's website?
                                                                                                                          Eddie Hobbs. Blast from the past there.

                                                                                                                          I wonder what that poisonous little fraud is up to now. A lot of people swallowed his shite, the last scam he was promoting was apartments in Cape Verde. How many of the fools who 'invested' could even point out the Cape Verde islands on a map to within 1,00km....
                                                                                                                          "We are not Europeans. Those people on the continent are freaks."

                                                                                                                          Comment

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