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My number one rule

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By Michael O’Connor, theislandinvestor.com

January tends to bring its fair share of resolutions. Under the blinding influence of Christmas blues, we vow this will be the year we lose weight, the year we drink less, the year we sort out our finances.

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So for those about to undertake a forensic examination of their finances in a bid to uncover the mystery of where your money has been disappearing to all these years, here is my number one rule.

Don't overcomplicate it.

In psychology there is a term known as 'complexity bias'. This refers to our tendency to levitate toward the more complex solution, ultimately over-complicating a simple problem.

Those with the most complex solutions get resounding recognition, while the obvious answers get discarded.

In investing, this is everywhere, millions of strategies, thousands of different investment options, each one more convoluted than the next.

And people eat it up, paying portfolio managers through the nose for the privilege of complexity.

My advice: if you're starting out, embrace simplicity.

Everyone wants the optimal portfolio. They want to know the name of the next stock that's going to 10x in value. They want maximum returns. This pursuit of the perfect trade often results in people investing in nothing at all.

We operate in extremes: everything or nothing. The absence of the illusive perfect investment means we do nothing with our money; sitting on our hands, waiting for a life-changing investment to come up and slap us in the face.

Now, I hate to be the bearer of bad news here, and this may be stating the obvious, but some people need to hear it. There is no perfect investment, but thankfully, there are plenty of good ones, and that's a start.

This is where you should focus your efforts. Start with the easy wins.

Simplifying the problem instead of chasing perfection allows you to take the necessary steps to get started. From there, you can build out your investments over time.

The general consensus suggests investing is too risky. I get it. A lot of trading activity can be speculative at best.

But the recent rise in interest rates means there are now higher interest rates, low-risk investments out there.

This is a game-changer. Now there are opportunities for even the most risk-averse investor to enter the market.

In 2022, we all felt first-hand the damage that inflation can do to our savings. Now more than ever, you need to be proactive to ensure you are putting your money to work.

Investment options that are backed by the full faith and credit of the US Government are now offering up to 5%.

This is the perfect place to start. Simple.

Yes, 5% a year won't make you a millionaire overnight, but that's not the game we are playing. At least not yet.

Start by improving your current situation, step by step. If you're accepting pennies from your deposit account, improve your returns by investing in short-term bonds.

Risk-free treasuries offer 4.8%, while the savings account rate for all financial institutions insured by the FDIC is 0.24%.

One simple change will almost 20x your return.

Take the easy wins, it doesn't all have to be as complicated as they make it out to be.

For anyone who is needs help, just reach out to me at mike@theislandinvestor.com or scan the QR code. Always happy to help.

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Paralympic legend Jason Smyth visits St Brendan’s

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Paralympic legend Jason Smyth visits St Brendan’s


World renowned Paralympian and world record holder Jason Smyth paid a visit to St Brendan’s College on Wednesday afternoon as part of a high profile visit to Killarney.


The six time Paralympic gold medallist spoke to second year students from St Brendan’s College, alongside students from neighbouring schools St Brigid’s Presentation Secondary School and Killarney Community College.
The interactive talk and interview took place ahead of World Sight Day, with the legendary sprinter sharing his personal journey with Stargardt disease, a genetic eye condition that left him legally blind at eight years old.
The Derry native, who holds the world record as the fastest Paralympian on earth over 100 metres, offered inspiring insights into overcoming physical adversity and achieving success at the highest level of world sport.
The school visit formed the opening leg of his Killarney schedule before he took centre stage later on Wednesday evening at The Killarney Plaza Hotel & Spa.
Smyth headlined An Evening with Paralympian Jason Smyth, an event organised by the Killarney Chamber of Tourism and Commerce as part of its winter schedule, sponsored by AIB.

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Deerpark Retail Park placed on market for fifteen million euro

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Deerpark Retail Park in Killarney has officially been placed on the market with a guide price in excess of 15.4 million euro, excluding VAT.

International real estate firm Cushman & Wakefield has been appointed as the sole sales agent to handle the high-profile commercial property sale on behalf of its current owner, Investcorp.

Investcorp, a global investment management firm headquartered in Bahrain, had previously acquired the prominent shopping complex.


The sale represents one of the largest commercial property offerings to launch in County Kerry this year.

Located roughly 1.3 kilometres west of Killarney town centre, the scheme enjoys strong regional connectivity and sits adjacent to independently owned operations including a Tesco Extra store, a Tesco petrol filling station, JYSK, and Aldi.


Constructed in 2006, the development extends across approximately 10,482 square metres, or 112,835 square feet.

The scheme comprises a mix of modern retail warehouse units and a complementary neighbourhood centre, offering 13 individual units in total with Part Open and Part Bulky Use planning permission.

The units range in size from 94.6 square metres up to 1,994.9 square metres. Visitors have access to approximately 248 customer parking spaces across the commercial grounds.

The park is currently 100 per cent occupied by a strong line-up of established national and international brands.

Key retail tenants include Marks & Spencer, Boots, DID Electrical, Maxi Zoo, and Mountain Warehouse.

The neighbourhood centre element accommodates service and convenience operators such as Costa Coffee, Card Factory, and Salon B.

The first-floor accommodation is fully let to Peak Performance Academy, which provides additional rental diversification.

Additionally, the scheme benefits from an agreement with Tesla to operate eight electric vehicle charging bays within the customer car park.


Commercial figures show that the property generates a total current rental income of 1,326,458 euro per annum, with a weighted average unexpired lease term of 4.45 years to break options and 6.46 years to lease expiry.

Cushman & Wakefield noted that the quoted guide price of 15.4 million euro reflects a net initial yield of 7.83 per cent, assuming standard purchaser costs of 9.96 per cent.

The selling agents highlighted that the fully occupied asset offers investors an attractive income profile alongside scope for additional income generation through parking commercialisation.

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