We all want to build up our money – the hard bit is figuring out how you’re going to do it. At Moneycube, we see three main kinds of investor. Read our profiles below, figure out where you fit and get some ideas on how you might get your money working better for you. The … Continued
With the recent news that the average age in Ireland is 37.4, here’s our top 5 money mistakes to avoid in your 30s. 1. Searching for perfection Too often we burn up time in search of the perfect solution… and end up doing nothing. With money matters, a step in the right direction is often … Continued
Compounding is about getting interest on your interest, rather than just on your original money. Over time, this has a massive effect on the growth of your savings. And investment funds are a great way to get compounding to work for you. Here’s why. The maths is in your favour Take an example of €10,000 … Continued
A UK study a few years back found that people who set an investment goal save 44% more each month than those who don’t. Setting a goal makes you think about your financial needs and how you’re going to achieve them. And it sets you on a timeline to get there. 4 buckets In the … Continued
Time to take a halftime score on Irish listed companies. Looking at the ISEQ 20 index, it’s clear Irish shares had a good six months. The index is up 6% from the start of January. In reality, this is thanks to the performance of a handful of companies. Just 6 companies make up nearly 80% … Continued
A regular investment plan has some big advantages. Here are Moneycube’s tips for setting up a solid plan. Look for growth You’ll be saving this cash for some time. So if you are putting away a significant amount each month, look for something that has a chance to grow – i.e., not just a bank … Continued
Moneycube exists to get Irish people investing. So here are 5 questions to ask yourself if you’re diving in for the first time 1. What do I want out of investing? Sure, the purpose is to grow your wealth – but why, and how? Some folk are in for the thrill of the hunt, some … Continued
Irish savers have put more than €8 billion of their money into multi asset funds. So what are they, and what’s so attractive about this relatively new way to build your savings? A multi asset fund does what it says on the tin: it is an investment fund that can hold lots of different kinds … Continued
When it comes to saving or investing, sticking money in the bank has long been the winner in Ireland. Households here now have a whopping €92 billion in deposits in banks and credit unions. That works out at something like €55,000 per household. It’s a lot of cash to have lying around when the banks … Continued
