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
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
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? 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
There’s some great stuff going on when it comes to managing your money in Ireland right now. You can borrow, lend, exchange and invest your money using Irish fintech businesses, no problem. We’ve picked out a bunch of sites that might tempt you to do the modern thing. CurrencyFair This is the place to … Continued
At Moneycube we believe more people should think about investing their savings. One big reason for that is that it is almost impossible now to make any money by leaving it on deposit in the bank. Deposit rates continue at near-zero levels. Prices came down in May While your bank savings might have gone nowhere … Continued
