What kind of investor are you?

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

Money makes money: the joy of compounding

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

How to set your investment goals

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

How did Irish shares do in the first six months of 2017?

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

Get into the habit of regular investing

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

Why do Irish people save so much, and invest so little?

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

Your personal budget: the 50/20/30 rule

One part of a decent financial plan is a regular budget for your monthly income and spending.  Most of us need some simple rules of thumb to get into good habits and start growing our wealth.  That’s where the 50/20/30 rule comes in.  Originally set out in a book by Harvard scholar and US Senator … Continued

What is a PRSA?

What is a PRSA?  A personal retirement savings account, or PRSA, is Ireland’s 21st century pension plan.  It’s the plan that works in a world where you’ll probably work for a bunch of companies through your career.  It’s designed for a world where lots of us work for small companies, and the gold-plated pensions of … Continued