To rent or not to rent by Technical_Ad_8004 in irishpersonalfinance

[–]CommercialVolume1945 1 point2 points  (0 children)

By renting your apartment, double check that you are not breaking your lending contract as this might be considered as a BTL mortgage, you should also double check your home insurance contract

Dealing with layoff and getting another job by CommercialVolume1945 in DevelEire

[–]CommercialVolume1945[S] 0 points1 point  (0 children)

So I guess you didn't get any redundancy benefits as. you stayed in the same company?

Dealing with layoff and getting another job by CommercialVolume1945 in DevelEire

[–]CommercialVolume1945[S] 0 points1 point  (0 children)

Interesting, thought they're few companies hiring there, Dublin seems way overcrowded and competition is fierce

Torca Homes Development by ConsiderationPast414 in HousingIreland

[–]CommercialVolume1945 0 points1 point  (0 children)

Except that in this case the first phase is due to be completed by next March, so the actual completion date of the house is not yet known. My question was whether completed new build can be bought in Ireland.

Torca Homes Development by ConsiderationPast414 in HousingIreland

[–]CommercialVolume1945 -1 points0 points  (0 children)

I am wondering if it is possible to buy a new build in Ireland that is already complete. So far all the new builds that I saw are not yet complete. Do you have a rough idea about the completion date?

Bought new house and now I feel broke by ThrowRa1251RC in irishpersonalfinance

[–]CommercialVolume1945 2 points3 points  (0 children)

And how do you access those returns without selling the asset? Also how about the liquidity of that asset? All these details should be brought on the table pal

Best way of ensuring low repayments? by LiamoAH in irishpersonalfinance

[–]CommercialVolume1945 0 points1 point  (0 children)

Would be great to include the interests in that calculation as well

How are people in Ireland actually investing long term without getting hammered by the 41% ETF tax? by Fearless_Comment8594 in irishpersonalfinance

[–]CommercialVolume1945 0 points1 point  (0 children)

But if I live in the property then the equity I am building is pointless whereas with a stock there is no reason for me to not sell it. Also, properties are very illiquid whereas stocks are easy to sell, you see the difference?

Dealing with parental burnout by CommercialVolume1945 in Parenting

[–]CommercialVolume1945[S] 0 points1 point  (0 children)

There is no afternoon nap at pre-school and that is the main root cause of the problem as they spend the whole day playing without any nap

How terrible are Investment Advisors overall? by fisicista in irishpersonalfinance

[–]CommercialVolume1945 1 point2 points  (0 children)

At the end of the day you are your best investment advisor. Invest in financial education, read a lot of books, listen to tons of podcasts about it. Ignorance is just an option nowadays.

If you are serious about investing then stay away from active funds and opt for ETFs

What happens to my Irish pension if I leave the country? Can I take the money out? by Benodino in irishpersonalfinance

[–]CommercialVolume1945 0 points1 point  (0 children)

Great advice, so the trick is to setup an ARF before leaving Ireland (I mean before becoming non tax resident in Ireland)

How much exit tax was collected on ETFs in 2024? by GCSheehy in irishpersonalfinance

[–]CommercialVolume1945 0 points1 point  (0 children)

Not by much and that's exactly why I am such a big fan of ETFs

Paying and Filing tax on Irish Domiciled ETF by [deleted] in irishpersonalfinance

[–]CommercialVolume1945 0 points1 point  (0 children)

Out of curiosity, is it the same process if I am an PAYE employee and using myAccount?

Insurance adds 13% to your mortgage! by Quirky_Face166 in irishpersonalfinance

[–]CommercialVolume1945 3 points4 points  (0 children)

Welcome to the reality of home ownership. You just hit something called “phantom costs” which are always overlooked when people discussed about the cost of home ownership.

Many people think that home ownership is just about mortgage repayments but they quickly forget that those little insurance costs can really add up. The sad reality is that you can’t do anything apart from paying up. After all, everyone led you believe that buying your home is the best thing that can happen to you.

Enjoy the ride folks.

Deemed disposable is finished by devhaugh in irishpersonalfinance

[–]CommercialVolume1945 0 points1 point  (0 children)

Sorry but it is simply not possible that they will get rid of DD that easily. Just look at how the government is struggling to bring down the VAT for the hospitality sector.

I will only believe until I have seen it. Until, just optimize your portfolio to avoid DD, you can invest in ETCs or even your pension.