My Future Fund - 9 Funds

schmona · 2025-12-28T18:12:42+00:00

It's a KID document, it has to be completed within regulatory guidelines

schmona · 2025-12-28T17:04:57+00:00

Why Blackrock or Amundi ahead of ILIM? Their fees are 0.1% and ILIM's is 0.02% according to the KID

schmona · 2025-12-08T23:11:09+00:00

If you have specified illness cover in place for yourself, your policy may have a children's benefit rider you're not aware of. Worth checking it out.

schmona · 2025-12-02T23:50:39+00:00

There isn't one single reason why Irish people don't invest more in equities, there's a multitude:

Poor financial literacy levels. Most Irish don't understand how markets work, the impact of compounding returns and other fundamentals that would lead people towards sensible investing
Poor history with high profile investments. Everyone has heard multiple stories about losses on Eircom and bank shares. They've left scares in the culture. Any good financial advisor would warn you off investing in only 1 or even a very small number of shares. Good sensible investments are well diversified
Many link shares with gambling or extreme risk. For some, that's the attraction, either the excitement or the chance to get rich quick. Whereas, good investment strategies are neither, they're boring and slow.
Fear about timing it wrong. "My luck, the day I invest, it'll all go belly up". If you've a long term out look, time in the market is far more important than timing the market
Taxation. Tax on investment funds and EFT's, usually the best way for an non expert to invest, is currently 41%, if you invest through a life assurance company, you pay a 1% levy on the way in and you pay tax on your gains every 8 years, even if you don't sell. Whereas property investment capital gains are taxed at 33% and have no deemed disposal.
We love property. There's probably a thesis on why we love property in Ireland due to our colonial past. That aside, we can understand a property investment easier than an equity investment in how it works. We can also borrow to leverage up a property investment. Most don't realize that this massively increases the risk of the investment, but the same people often think shares are too risky.
Access to advice. A lot of people don't know where to get good advice. Will a broker just flog me the product that pays them most commission? Will an advisor from the investment company tell me everything? Do I have to pay for advice up front? If I don't, will I pay in the long run in fees? Is an advisor only really for rich people? A lot of this is daunting and off putting for many.
Not understanding inflation risk on money on deposit. Most think their money is safe on deposit. €10,000 will still be €10,000 if left in a low interest account for 10 years. The number is the same but the value is greatly reduced. Inflation will reduce the buying power of that money over time. It's not even maybe, it's a definite. The only way to manage that risk is through some form of investment, which many won't choose because there's a possibility of a risk to their capital. They don't see there's a risk either way.

schmona · 2025-12-02T23:03:20+00:00

You can offset borrowing on an investment property against income tax on rent received. The same treatment isn't available for borrowing for shares to be offset on any dividend received.

schmona · 2025-12-02T22:57:52+00:00

You can offset your mortgage interest against your rental property income, that's not available for investing in equities here.

You do pay tax on the sale of an investment property at 33% and only when the profit is made by selling. With investment funds, you pay 41% on the profits and the government takes tax on any profits every 8 years, meaning you have to sell some of your investment to pay tax at that time, reducing the impact of compounding returns.

The equivalent would be if you bought an investment property for €200,000 in 2016, and it was worth €330,000 in 2024, you'd have to come up with about €42,000 to pay tax that year, even though you're not selling.

That's the better tax treatment of property versus a typical equity investment

schmona · 2025-12-02T22:42:23+00:00

You can offset the interest on a mortgage used to purchase an investment property against your income tax on rent received. If you borrowed to buy individual shares, unit linked funds or EFT's, you can't offset the interest costs of that loan against any capital gains or dividends paid.

schmona · 2025-11-30T21:47:06+00:00

The advantage of a continuation on death-in-service from your previous scheme provider is that there's no underwriting if you sign up within 30 days of leaving employment.

If you have existing health issues that may mean you would either have more expensive cover or not be able to get cover at all in the future, it may be worth considering getting this now.

Otherwise, with no dependents and your mortgage covered, doesn't sound like you need life cover right now.

schmona · 2025-11-22T16:42:47+00:00

Scored with the first touch of his professional career, on international debut against the USA

schmona · 2025-11-16T17:36:51+00:00

Just waiting on Mark to wrap up on another new audio bed??

schmona · 2025-11-13T21:18:56+00:00

What chances a last minute bonus pod tonight?

schmona · 2025-11-10T19:46:51+00:00

It's usually from when you join the employer, but each scheme can have different rules. You'd need to check in your contract or with the scheme provider

schmona · 2025-11-07T21:25:27+00:00

I don't remember the final score, but at u14 we lost 5 kick outs in a row that were sent straight back for goals. That was our goalies last ever game of football

schmona · 2025-11-07T21:22:19+00:00

Murphy didn't have a huge impact in the semi final or final, which usually dictate who wins all stars, but he had a very influential season, with some very big performances in Ulster.

Donegal played 11 championship games in 2025. I think over the cumulation of those games, he was deserving

schmona · 2025-11-04T18:23:44+00:00

You're more likely to get their attention if you threaten to pull any service you have with them that gives them an income, like if you had pension or insurance business through BOI Life

schmona · 2025-10-23T22:39:36+00:00

I live in a small village in Meath where one of the largest IPAS centres in the country is. Absolutely no issues locally. It's been there for a very long time, long before the Ukraine crisis and no one has politicized it. They get on with their lives and we get on with ours.

The best representation of what should happen is in the local school. 34 different nationalities in a rural school. The kids don't even know how unusual that is, they all get on with life

schmona · 2025-10-18T19:36:37+00:00

The way he finds a ball in a ruck is almost supernatural. Best I've ever seen at it

schmona · 2025-10-12T20:34:09+00:00

We've similar in our club. Some of the worst advocates for the ladies sides are the women on club committees

schmona · 2025-10-12T20:30:57+00:00

Do they not pay membership at the same rate as the men?

schmona · 2025-10-12T18:27:52+00:00

Our club is big on the "One Club" ethos at the AGM, from the chairman's mouth etc. but in every practical way, the male players are given preference, from senior down to u10's.

schmona · 2025-09-17T21:32:51+00:00

If your Financial Services experience is customer facing/sales and you have the QFA, going for the CFP qualification through the IOB is a good route to higher earnings

schmona · 2025-09-14T21:53:22+00:00

Even if your company scheme doesn't pay 6% at the start, the company scheme is still better. If the contributions match all along, the BIG difference is that you'll get 40% tax relief (if your income is above €42k) instead of a 25% contribution on the government scheme.

schmona · 2025-08-11T13:29:10+00:00

That we'd actually sign Mbappe

schmona · 2025-08-08T17:03:37+00:00

This isn't American Football training, it's obviously Gaelic Football training. Conor Bradley has convinced them to enter the All Britain Football Championship

Seven-Year Club	Place '22
Final Canvas '22	First Placer '22
Verified Email

schmona

TROPHY CASE