Blog – McCarthy & Associates – Galway Talks, 23/07/2015

Issue: The end of 100% Capital Guaranteed Investments?
Comment: For the first time in many years it looks as if fully capital protected investments are fast becoming a thing of the past. Cautious investors have had the luxury of a wide variety of options over the last 7 or 8 years, if they did not want to take any form of risk.
With deposit rates below 1%, fully Capital Protected Investments are unlikely to perform well. Cautious investors have to realize that some form of risk will be necessary, if they want to achieve any sort of reasonable returns.

Question: I have an investment for many years which is not performing very well. Should I stay or should I go?
Answer: This is a common problem and sometimes people feel that if they stay indefinitely with an investment that it will eventually recoup it’s value.
This may be true about certain funds, however it depends on what your monies are invested in. I would suggest that you need to look at this closely and maybe look to recoup your monies in an alternative investment.

Question: What is the best way of bringing money abroad in terms of the exchange rate, cash or credit card?
Answer: There is no doubt that the best exchange rate you get will be with a credit card. Buying foreign cash has always been the most expensive way of taking money with you.
Always remember that you can lodge money in your credit card account in advance of going abroad, which may help you to avoid interest charges if the card goes into credit.