Blog – McCarthy & Associates – Galway Talks, 28/04/2016

This morning on Galway Bay FM, David discusses Brexit; Alternative banking forces; ‘cheap’ credit cards and advises listeners in relation to investing in currencies.  He also answers questions regarding Personal Pension Plans, Retirement Options and regular savings accounts for young people.

Podcast – McCarthy & Associates – Galway Talks, 21/04/2016

Issue:  Savings Survey reveals some interesting statistics:-

  • Almost 50% of Irish adults have a Deposit Account with an average of €32,000 saved.
  • A quarter of adults have a nest egg that no one else knows about.
  • 56% of Savers unhappy with the return on their savings.
  • 40% say they are Cautious Investors.
  • 25% of people say they would not know who to ask for advice when considering options for investing

Read more..

Podcast – McCarthy & Associates – Galway Talks, 14/04/2016

Question:  I have a considerable amount of money in Prize Bonds.  I am a cautious investor and am wondering should I consider moving some of these monies elsewhere?

Answer:  It is amazing the number of people who have put substantial monies into Prize Bonds over the last 8 years.  The motivation seems to be that the monies are secure and that there is always the possibility of a win!!!

Prize Bonds should never be considered as an investment and are Read more..

Blog – McCarthy & Associates – Galway Talks, 31/03/2016

Question:  I see a lot of publicity about the lack of availability of Mortgages for new housebuyers.  However, do you think it would be a good time to look at changing an existing mortgage from one bank to another?

Reply: The volume of lending to new housebuyers is excessively low, which has forced banks into providing attractive mortgage Read more..

Blog – McCarthy & Associates – Galway Talks, 10/03/2016

Question:  I have a Life Assurance Policy which I took out as part of the old SSIA and I am still making contributions to it.  Should I continue or look at alternatives?

Reply:  Policies that were sold to investors by Life Assurance Companies, as part of the old SSIA Scheme, were open ended and Read more..

Blog – McCarthy & Associates – Galway Talks, 25/02/2016

Issue: Now may be a good time to switch your mortgage and get a cheaper deal – see ccpc.ie website
Comment: Competition has hotted up in the mortgage market to attract switchers. This is due to the fact that the number of applications from new buyers has dropped dramatically.
Banks are now trying to attract borrowers who may want to switch Read more..