Informed Decisions Independent Financial Planning & Money Podcast
302 episodes - English - Latest episode: 17 days ago - ★★★★★ - 3 ratingsTake control of your financial future by joining us on Ireland's Independent & award-winning Investment & Retirement Planning Podcast, with Paddy Delaney (QFA RPA APA).
Join Paddy & guests as they cut through the noise, nonsense and smoke-n-mirrors of financial services in Ireland. We want you to avoid costly mistakes and to make informed financial decisions in your investments and retirement planning.
Paddy Delaney QFA RPA APA
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Episodes
The A to Z Of Financial Service Acronyms (TATZOFSA!) - Podcast 197
October 19, 2020 17:27 - 26 minutes - 37 MBHey! Financial Service firms love their acronyms, as in they love them! Maybe it's an insecurity thing, or maybe it's an attempt to hold onto some semblance of power. To help you develop the knowledge and to prepare you for a conversation with even the worst acronym offenders (AO!), I'm covering each of the main investment and financial acronyms related to financial services in Ireland. Plus, I'll offer a one-liner on each as to what it really is and why it matters! Paddy Delaney QFA RPA...
Tax on Investments in Ireland - Podcast 196
October 05, 2020 19:13 - 12 minutes - 17.9 MBTax on investments in Ireland is a doozy! There is a warning often quoted in investment articles that suggest "you shouldn't let the tax tail wag the investment dog". Based on a recent conversation I had with a prospective client and from many emails that I get from investors, it seems that people aren't even aware that there is a tail! This is an important part of investing and is a significant issue for many investors, so I made sure to allocate sufficient time to get to write a short piec...
Build Your Wealth with Todd Tressider - Podcast 195
September 28, 2020 06:06 - 56 minutes - 78.3 MBThis week we chat with Todd Tresidder, financial coach and educator at FinancialMentor.com. He's also the author of five financial planning books. You'll learn about: - How to build wealth - What stops us reaching Financial Independence - Using leverage to help you get there Todd built his own wealth as a hedge fund investment manager before "retiring" at 35 to teach others. Today, he provides advanced investment and retirement planning education at FinancialMentor.Com showing what...
Your Financial Life Is One Week Long! Podcast 194
September 21, 2020 17:53 - 21 minutes - 30.9 MBSomething a little different this week - give it a go! If your life was one week long what day of the week would you be on, and what would you do about the rest of the week!? We explore this, and aspects of our financial lives that will hopefully help you to avoid mistakes and achieve your priorities. Hope it helps, Paddy Delaney Informed Decisions
Opportunity Cost & a conversation with my wife - Podcast 193
September 14, 2020 20:09 - 19 minutes - 27 MBIn this episode we share: - Why I get stick about our cars - What Opportunity Cost is & why it matters - How to go after what is really important to you & stop wasting money on the unimportant I hope it is helpful. Paddy Delaney QFA RPA APA Paddy Delaney Informed Decisions
Investment Losses Loom Larger Than Gains - Podcast 192
September 07, 2020 16:49 - 22 minutes - 32.4 MBWhat's Love Got To Do With It, Baby They suggested that we hate losing something about twice as much as we enjoy gaining something! Think about it - in all walks of life it holds water. Take 'love' for example. I remember vividly when I was unceremoniously dumped by my first girlfriend! I was about 15 at the time - and 'devastated' was not the word for how I felt! Despite my father telling me; 'Cheer up son, the next one is always better' (!!!!) I was inconsolable for a week or two. Did ...
Managed Funds don't beat Index Funds, most of the time! Blog 153
August 31, 2020 16:26 - 14 minutes - 22.4 MBActively Managed Funds under-perform Passive Index Funds in the majority of cases. Managed funds usually exist in order to beat the market. They generally don't succeed. This is not an opinion or a prediction, it is a fact which you will see full evidence of in a moment. I will start however by reminding you of another fact. Your behaviour as an investor will have potentially far more of an impact on your investment success than whether you are invested in actively managed funds or passive...
Successful Investing - Buffett Style! Podcast 190
August 24, 2020 15:41 - 18 minutes - 25.5 MBThis week we share a short piece from the Oracle of Omaha, Warren Buffett. We learn about 'Gotrocks Family', how they had it all, and how they managed to throw it away, or more accurately, to have had it taken away from them! I consider if this 'informed turkey' is actually voting for Christmas?! We also share our view on how Irish investors might avoid such disasters, and to keep more of the returns they deserve. Hope it helps, Paddy
Standard Fund Threshold in Ireland - Podcast 189
August 03, 2020 19:12 - 16 minutes - 24.4 MBWhat is the Standard Fund Threshold in Ireland? This week, in what is a short 4 day work week, we share a short 4 minute read that will give you most of what you might need to know about the Standard Fund Threshold, for now! You'll learn the history, the current threshold, the REAL threshold, and a little-known nugget that can help you squeeze the max value and tax efficiency out of your pension pot. I hope it helps. Paddy Delaney QFA RPA APA
Certainty or Returns - Pick One. Podcast 188
July 27, 2020 19:10 - 17 minutes - 26.1 MBThis week we share an investing concept that applies to investments and pensions equally. If I successfully and coherently share here what is in my head, it will hopefully help remove stress for investors as they begin, continue or end their investment journey. Paddy Delaney QFA RPA APA
The Big 4 & The Slow Dance - Podcast 187
July 19, 2020 21:13 - 17 minutes - 27 MBIf you are lucky, every now and again you will get introduced to someone that opens your eyes, that adds real value to you. I've been fortunate, partly due to my general curiosity and partly because I've been blessed to just encounter some really interesting people, to have met several such influences recently. This week, in a very short piece I'm aiming to share the love a little! Paddy.
Will 2020 Be The Best Year Ever For Irish Investors?! Podcast 186
July 13, 2020 19:19 - 14 minutes - 20.5 MBWill 2020 Be The Best Year Ever For Irish Investors? We take a look at some of the headline facts of recent performance, to shed some light. We also share a few concise truths that Irish investors (as distinct from speculators) might benefit from being reminded of. Hope it helps. Paddy Delaney QFA RPA APA
Retirement Remix with CEO & Author, Chip Munn - Podcast 185
July 06, 2020 10:26 - 52 minutes - 73.4 MBWhen Chip offered to appear on the Informed Decisions podcast we jumped at the chance to speak with him. Chip Munn is a senior financial advisor and CEO of Signature Wealth Strategies in South Carolina in the US. He is the author of The Retirement Remix: A Modern Solution to an Old School Problem, and host of The Retirement Remix and Maximum Advisor podcasts. Chip shares his ideas on: - building successful businesses - retiring with purpose, and on your terms - the role of financ...
Patricia Rickard Clarke - Safeguarding Ireland - Podcast 184
June 29, 2020 20:50 - 51 minutes - 71.6 MBPatricia Rickard Clarke has unique experience in preparation for, and planning for future life. Patricia shares her insights on: - Preparing for our financial future - Preparing for care and health wishes - Preventing and avoiding abuse issues of ourselves or loved-ones. Patricia has, and continues to work across many organisations and groups who are focused on the promotion and development of rights and wellbeing of people who are or may at some point be vulnerable. Resources: h...
How Does An ARF Work & Guardrails -Podcast 183
June 22, 2020 22:25 - 26 minutes - 39.6 MBHi, If you are wondering 'how does an ARF work', may I suggest we consider instead the question; 'how should an ARF work'!? Given that your draw-down strategy in retirement will be one of the biggest financial decisions you will make in your mature life, this really is a topic worth doing some homework on. Unfortunately, ARFs are generally managed in a pretty laissez-faire manner by most providers. They take your money, stick it into a mid-volatility fund and hand you a cheque every mont...
5 Occasions To Ignore Your Financial Advisor - Podcast 182
June 15, 2020 20:55 - 21 minutes - 31.5 MBThis week I share with you 5 instances where you should seriously question the advice you get from your financial advisor, and some questions to ask to help explore the suggestions! Now, if you've got a good one whom you trust, your Financial Advisor can be the difference between you having a successful financial life, and not. But if your advisor gives you a bum steer that you act on, the impact of that could be significant on your long term financial success. Paddy Delaney Informed Dec...
How Will You Spend Your Money - Podcast 181
June 08, 2020 19:29 - 24 minutes - 34.3 MBDr. Thomas Gilovic has conducted several studies, some spanning decades, which measured the level of satisfaction and joy that people get from experiences versus material purchases. Here is a link to one particular study he was involved in, the insight of which is really quite fascinating. There appears to be three core reasons that experiential purchases give us more long term satisfaction. Hopefully you get some value from this week's episode. Enjoy! Paddy Delaney.
What Happens My Pension When I, You Know?! Podcast 180
May 25, 2020 19:34 - 15 minutes - 21.7 MBWhat happens my pension when I, you know!? I'm never one to shirk the hard questions, but it seems crass to talk of 'you know' while all of 'this' is going on! If you are any of the following, you really ought to know about this: A director of your own company with pension benefits An employee and an active member of the 'Company Pension Scheme' A former employee of a company, with benefits still in your old employer's 'Company Pension scheme' "Life is like playing the violin in publ...
The Dr. Moira Somers Interview - Psychology & Money - Podcast 179
May 18, 2020 20:50 - 40 minutes - 56.3 MBIn this weeks' Podcast you will hear from someone with some unique insights on the topics we discuss week in and week out. Dr. Moira Somers from Canada is someone I have admired and benefited from learning from in recent years. In our conversation, Moira shares some ideas around: - Why money decisions can be very difficult for many of us - What we can do to make it a little easier - When to seek financial guidance, and how to find one that will help you most - Moira's top tips to ...
The Best Investments of 2020 - The Lock-Down Edition! Podcast 178
May 11, 2020 21:01 - 19 minutes - 32.4 MBWondering what the best investments 2020 are?! Or if your investments or pensions are down the pan!? It is indeed one of those 'once every 5 year' situations for investments at the moment (more on that later), but we hope to share some insight that will help you see the wood from the trees. If you are a regular or occasional visitor or listener of this site you likely have a fair idea of our response to the question of which are the best investments 2020. Short answer remains; investments ...
Pension Property, with Tommy Nielsen - Podcast 177
May 05, 2020 20:55 - 50 minutes - 69 MBThis week, as promised in our recent Pros & Cons of Pension Property, we share with you further details of owning a Property within a Pension. We were delighted to have Tommy Neilsen, qualified Solicitor and 'Head of Legal' with Independent Trustee Company (ITC) Dublin. Tommy has been with ITC since 2005, and deals with all legal aspects relating to the Pension Trustee services they provide. In this episode you will hear: - Legal considerations around Pension Property - How the stru...
Time For The Financial Advice Profession To Pull Up It's Socks? Podcast 176
April 27, 2020 20:22 - 14 minutes - 21 MBHow would you feel if you discovered you were paying double the level of fees on your pension or investment that you were led to believe? ‘Clarity On Fees’ is the #1 thing consumers say would improve the level of trust they have in Financial Advice. 76% of people do not know how or what their Financial Advisor is paid. Most pension holders have no idea they are likely paying over 2% fees every year. These are just a sample of the startling results from consumer research we recently conducted...
The Paul Kenny Conversation - Podcast 175
April 20, 2020 21:06 - 53 minutes - 73.3 MBPaddy chats with Ireland's former Pensions Ombudsman, Paul Kenny. Paul remains an active member of the pension profession in Ireland. Among other roles he is remains a Programme Leader in the Retirement Planning Council. In this episode he shares his insights about the following relevant topics: - Keeping track of your pensions when you move employments - Ensuring your ARF gets treated as per your wishes - Impact of ARF values on your eligibility to allowances We hope it is of value,...
Buy Property With A Pension - Podcast 174
April 06, 2020 20:23 - 18 minutes - 26.7 MBShould I buy property with a pension? Ever wonder what the pros and cons are if you did decide to establish a pension property? Is having a pension property a good idea? Hopefully this will help. In the short piece we will share: Financial benefits of buying a property with your pension The pit-falls of having a property in your pension Some other insights that you should know Paddy.
The Dawn or Dusk of The Independent Financial Advisor in Ireland? Podcast 173
March 30, 2020 20:00 - 24 minutes - 39.8 MB1st April 2020 will bring with it the dawn, or the dusk of 'Independent Financial Advice' in Ireland. I really have no clue which way it will go! At least initially, finding an actual living, breathing and practicing 'Independent Financial Advisor' in Ireland may be like the proverbial hen's tooth. (Wouldn't that be a novel name for a Financial Advice firm - 'Hen's Tooth Independent Financial Advisors'!). I hope it helps in some small way. Paddy Delaney Informed Decisions
Are Equities For The Scrap Heap!? Podcast 172
March 23, 2020 21:24 - 21 minutes - 30.4 MB'Are Equities For The Scrap Heap'? I feel compelled to nail our colours to the mast at the outset. I am always open, and deliberately expose myself to contrary thinking, the fact remains that Equity investing has delivered the greatest outcomes for patient and long term investors. That fact will have come into question in people's minds in recent weeks, so I'm going to share with you in this short piece exactly where Equities are right now - and encourage you to decide for yourself. Paddy ...
What To Do With My Investments and Pensions In A Declining Market? Podcast 171
March 16, 2020 21:43 - 20 minutes - 28.1 MBWhat to do with my investments and Pensions in a declining Market? Absolutely Nothing. That is all. Listen-on for a 'slight' elaboration! I hope you are keeping well - that must remain a priority. Paddy Delaney
Davy GPS Funds - An Independent Review - Podcast 170
March 09, 2020 22:20 - 35 minutes - 50 MBThis week, following a recent conversation (there I go with 'conversations' again!), we share a detailed analysis of the Davy GPS Funds. You may be thinking of investing, or are already invested, via pensions or investments. Either way, we share insights on what are they, what's in them, how they compare to their competitors, and how they have served investors that have entrusted their funds in them. I hope it helps. Paddy Delaney Warning....The value of your investments will ri...
Retire Successfully, with Derek Bell - Podcast 169
March 02, 2020 21:08 - 56 minutes - 78.3 MBWelcome back to Ireland's award-winning Financial Planning Blog & Podcast. This week we were excited to chat with return-guest, Derek Bell of the Retirement Planning Council (RPC). In this episode Derek and Paddy explore and share insights on: - State Pension changes - Income Tax in retirement - RPC courses & supports - Common retirement planning mistakes - Retirement spending Do's & Don'ts - Retaining control of your Time in retirement And more! We hope it helps. Paddy ...
Have You Already Reached Financial Independence? Podcast 168
February 24, 2020 21:19 - 20 minutes - 30.4 MBThis piece is inspired by some recent conversations. These conversations have got me thinking about Financial Independence. It also reminded me how much I love conversations with other people - how the words that other say can have such meaning and depth to them, it's quite a thing! Thanks too to the recent iTunes Review-leavers - such positive words of recommendation and encouragement, thanks! Perhaps you have already reached Financial Independence but you just haven't realised it yet! O...
Podcast 167: Life Planning with George Kinder
February 17, 2020 22:57What is the relationship between life and your money? Listen to this conversation we had with George Kinder to hear more about Life Planning. For years I have been fascinated about how our relationship with money influences what we do, and don't do in life. So much so that I have begun my own journey to become a Registered Life Planner, to compliment my technical financial qualifications and experience. I was delighted to chat with George Kinder, the 'godfather' of Life Planning within ...
Podcast 167: Life Planning with George Kinder
February 17, 2020 22:57What is the relationship between life and your money? Listen to this conversation we had with George Kinder to hear more about Life Planning. For years I have been fascinated about how our relationship with money influences what we do, and don't do in life. So much so that I have begun my own journey to become a Registered Life Planner, to compliment my technical financial qualifications and experience. I was delighted to chat with George Kinder, the 'godfather' of Life Planning within ...
Podcast 167: Life Planning with George Kinder
February 17, 2020 22:57What is the relationship between life and your money? Listen to this conversation we had with George Kinder to hear more about Life Planning. For years I have been fascinated about how our relationship with money influences what we do, and don't do in life. So much so that I have begun my own journey to become a Registered Life Planner, to compliment my technical financial qualifications and experience. I was delighted to chat with George Kinder, the 'godfather' of Life Planning within ...
Are Irish Commercial Property Funds In Trouble? Podcast 166
February 02, 2020 21:22 - 25 minutes - 23.9 MBThis week there have been two 'big news' revelations about Irish Commercial Property Funds, neither of which will be deemed positive. This media coverage has many thousands of investors very concerned and dare I say, anxious. In a break from tradition, I am engaging in current market events, in the interest of helping ease some anxiety for investors. This week we share some ideas and experience which might be useful for anyone who has concerns about their investments in Irish Commercial Pr...
Talking Financial Independence with Mrs. Smart Money - Podcast 165
January 25, 2020 16:07 - 42 minutes - 59.7 MBMany of us hear about Financial Independence, and it being a distant objective. But does it have to be a distant objective?? This week we chat with Kelvina Galavan (Mrs. Smart Money) about her journey, and how she, her husband and kids have begun living on their own terms. They took control of their finances, and are reaping the rewards! I hope you enjoy the chat as much as I did! Mrs. Smart Money website Paddy Delaney QFA RPA APA
5 Signs That You Need An Independent Financial Advisor - Podcast 164
January 19, 2020 21:25 - 21 minutes - 29.8 MBAs of March 31st 2020 new Central Bank of Ireland rules will mean that only a financial advice firm that does not receive commissions from sales of products will be entitled to state they are an 'Independent Financial Advisor' in Ireland. These firms (of which Informed Decisions is one of a handful in the country), will be entitled to use the term 'Independent' in describing their service. That will see quite a few firms which currently use the term Independent having to get websites altered...
Demise of Absolute Return Funds in Ireland - Podcast 163
January 13, 2020 10:26 - 19 minutes - 27 MBA lot of folk, mostly at the encouragement of some advisors, decided to invest in Absolute Return Funds in Ireland. While they promised a lot, many of those same people are now questioning the decision to do so. This week, on Ireland's #1 Finance Blog & Podcast I hope to help you understand what they are, why their performance have been pretty rubbish, and whether they are worth staying in or not! This is an un-biased(ish) review of absolute return funds in Ireland. I hope it helps. Paddy ...
Podcast 162: Markets at My Birth
December 16, 2019 21:48 - 20 minutes - 27.6 MBWelcome to Ireland’s award-winning investment and financial planning Blog & Podcast. As our final Blog of 2019 I have given a lot of thought about what message I would love to share. I have imagined that this was the last ever thing we write, and reflected on what we'd want to share. By the way, unless I unexpectedly die over the holidays it won't be the last ever piece - which you may or may not see as a positive! Paddy Delaney
Invest In Equities or Wait For 'The Crash'? Podcast 161
December 09, 2019 22:36 - 22 minutes - 31.2 MBWelcome to Ireland's award-winning investment and financial planning Blog & Podcast. If you are wondering if now is the right time to invest or not, this piece might be of some value. Indeed if you are unsure if you should invest in equities now, or wait for the crash, this Blog-post hopefully will help educate and inform, a little! Paddy Delaney QFA RPA APA
Podcast 160: Emerging Market Index Funds Ireland
November 25, 2019 21:39 - 21 minutes - 30.1 MBEmerging Markets might sound a little technical, but please do bare with me, even I can understand it, so you'll be totally fine! It might even be worth your while reading on, if you ever intend investing in Emerging Market Index Funds in Ireland! We explore the past investment returns, what the 'experts' are suggesting they might deliver in the future, and what to watch out for when picking the index funds you desire. Paddy Delaney QFA RPA APA
Podcast 159: Finding Financial Advice in Ireland
November 18, 2019 21:52 - 32 minutes - 29.5 MBLooking for Financial Advice in Ireland you can trust? A few weeks ago I did a piece on finding 'Independent Advice in Ireland', this week I intend to share some ideas that might help you evaluate a firm before engaging them. "I just checked my investment portfolio - now I know why they call them Brokers" - anonymous. I came across that quote in a sketch cartoon recently and found it amusing. With MSCI Index up over 20% so far this year it's not really applicable however! Perhaps you alr...
Podcast 158: Building an Investment Portfolio in Ireland
November 11, 2019 22:41 - 26 minutes - 36.8 MBThis week I aim to share some brief insights that might be worth knowing when you are building an investment portfolio in Ireland. When it comes to investing it’s probably fair to say that there is so much choice, probably too much! Reminds me of that weird situation referred to as the ‘paradox of choice’ where, when confronted with too much choice we can stall, suffer from inaction and often make choices that are far from the ones that really wanted! Barry Schwartz’s TED Talk is here, wor...
The Expat Tax Special - With Barry Murphy of Expat Tax Services Ireland. Podcast 157
October 21, 2019 19:48 - 48 minutes - 66.6 MBExpat Tax is a subject that I often get asked about from listeners. These are individuals that may be leaving or returning to Ireland. Tax being such a specialist area I felt the best thing to do was to invite someone onto the show who specialises in tax mobility. I was delighted to be joined by Barry Murphy of Expat Tax Services Ireland (www.etsi.ie). In this episode we discussed and chatted about: - Tax Domicile and Residence, and the impact these have - Pension transfers across dif...
Podcast 156: The Best Multi-Asset Investment Funds in Ireland
October 14, 2019 22:48 - 25 minutes - 35.5 MBEver wondered which is the best multi-asset investment Fund in Ireland?? Well if you have, you came to the right place! Welcome back to Ireland's dedicated Investment and Financial Planning Blog & Podcast! In my work with clients I frequently get asked about Multi-Asset Investments, whether they are any good, and which ones might be best. So this week I aim to answer a question that I think has yet to be answered in these parts; which is the best Multi-Asset Investment Fund in Ireland! Ow...
Personal Finance....Small Changes Big Difference - Podcast 155
October 07, 2019 21:17 - 19 minutes - 27.2 MB'Mind the pennies and the pounds will look after themselves' is a well-worn saying, the origin of which I have no idea! While it might give the perception of being 'mean' or 'tight' I reckon it's basis is in being proactive and deliberate in our approach to managing our personal finances. This week I share 10 small changes that can have a siginificant and positive result for you as an investor, saver or retiree. I hope it helps. Paddy.
Podcast154: Advisor Alpha in Ireland
September 30, 2019 20:56 - 21 minutes - 29.4 MBEver wonder about Financial Advice in Ireland? Are financial advisors worth their salt? Are financial advisors worth paying? Should I bother getting financial advice? My take is that it totally depends on what you are hoping to achieve, and what support you are hoping to get. The thing that strikes me about both of the examples above is that both Client A and Client B are probably already PAYING for financial advice, irrepsective of whether they are actually benefiting from it or not! In p...
Podcast153: Nucleus Platform Conference - Manchester!
September 23, 2019 20:41 - 31 minutes - 47.6 MBI was fortunate enough to get to attend the annual Nucleus Platform Conference in Manchester last week. They had an agenda with some of the most exciting speakers in Financial Planning from Canada and USA. While Nucleus are a UK-only platform I was really chuffed to get on the ticket, and made full use of my day over there, meeting lots of quality advisors, hearing some extra-ordinary speakers, and have a super fun time too! In this episode I get to share insights with you from the followi...
Podcast152: What is Financial Planning, Really??
September 16, 2019 20:47 - 27 minutes - 38.5 MBWhen it comes to Financial Planning in Ireland it is fair to say that it is a pretty new service to many. It seems many of us are aware of the role of traditional Brokers and Insurance Agents, but perhaps not the same level of awareness or understanding of Financial Planning. In this short piece I hope to convey what Financial Planning is and how it can potentially be of significant value to people. Paddy Delaney
Podcast151: Small Self Administered Pension Scheme Ireland
September 09, 2019 20:57 - 27 minutes - 41.3 MBI frequently get asked by listeners and readers about funding into a Self Administered Pension. There seems to be a lot of confusion about what it is, or indeed isn't, and who they are or aren't well suited to. So that is this weeks' objective, to answer these very queries. I hope it is of use. My father used to shoot. He'd go out with his busted old shotgun with the stock taped on with insulation tape! He'd walk around fields for what seemed like days at a time, coming home with the occas...
Podcast150: Using Annuity and ARF for Pension Income
September 02, 2019 19:09 - 22 minutes - 30.3 MBWelcome back to Ireland's award-winning Financial Planning Blog & Podcast, with me Paddy Delaney. Delighted you have decided to join me! This week we are going to explore an approach to retirement income planning that I mentioned months ago. It is customary for retirees in Ireland to decide to generate pension income by using either an annuity, or an ARF. In Blog113 we explored the pros and cons of both of these in isolation. However, as we like to look at things a little differently here we...