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Book of Condolence opens following Creeslough tragedy

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By Michelle Crean

A Book of Condolences has been opened in Kerry this morning (Monday) in a sign of solidarity with the people of Creeslough following the unimaginable tragedy where up to 10 people lost their lives.

On Friday, a fatal explosion occurred at a Donegal petrol station resulting in the loss of four men, three women, two teenagers (one male and one female) and one younger female child. These include James O'Flaherty (48), Jessica Gallagher (24), Martin McGill (49), Catherine O'Donnell (39) and her son James Monaghan (13), Leona Harper (14), Hugh Kelly (59), Martina Martin (49), Robert Garwe (50) and his daughter Shauna Flanagan Garwe, who was just five-years-old.

This morning, Cathaoirleach of Kerry County Council, Cllr John Francis Flynn, opened a Book of Condolences for the people of Creeslough.

This can be signed by members of the public during office hours at County Buildings, Rathass, Tralee.

"The entire country has been deeply shocked and moved by the tragic incident in Donegal on Friday," Cllr Flynn said.

"On behalf of the members of Kerry County Council and the people of Kerry, I express my sympathies and solidarity with the people of Creeslough at this enormously difficult time. Those who lost their lives, their families, and the wider community are in our thoughts and prayers."

INVESTIGATION

An Garda Síochána continue to investigate all of the circumstances into the cause of the explosion and an investigation is being coordinated from an incident room at Milford Garda Station.

The Garda Technical Bureau, with assistance from other agencies, will continue to examine the scene, which remains cordoned off. These examinations are likely to continue over the coming days.

The remains of the deceased are at Letterkenny University Hospital where State Post Mortems have commenced under the direction of Dr. Heidi Okkers, Assistant State Pathologist. These Post Mortems will continue over the next few days and results will not be released for operational reasons.

One male in his 20s remains in a critical condition in St James Hospital, Dublin. The other seven surviving casualties continue to receive treatment in Letterkenny University Hospital and remain in stable condition.

Garda Family Liaison Officers have been appointed to the families and are continuing to provide support and information.

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Five questions to ask yourself before buying a stock

By Michael O’Connor, theislandinvestor.com When it comes to investing, nothing is certain. There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy. […]

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By Michael O’Connor, theislandinvestor.com

When it comes to investing, nothing is certain.

There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy.

The truth is, investing is hard, and building a portfolio of top stocks that beat the market is something that even financial professionals have trouble doing consistently.

For most people, investing in index funds is the perfect hands-off approach, providing broad exposure to the stock market at a very low fee. Even my own personal portfolio is made up of roughly 70% ETFs despite the fact I invest in the market for a living.

But I believe some stock picking is a good strategy for many hands-on people.

Taking a small portion of your overall portfolio and diligently selecting a small number of companies to invest in gives you an opportunity to learn about the investing process and fully understand the businesses you are investing in, which helps to build conviction in your positions.

From a psychological standpoint “collector’s instinct” kicks in, enabling people to participate and invest more money over time.

Lastly, for Irish investors, there are tax benefits to consider. If you invest in individual stocks, you are taxed at the CGT rate of 33%, and the first €1,270 of your gains are exempt from CGT each year. When investing in index funds or ETFs, you are taxed at the exit tax rate of 41% with no annual exemption.

For those interested in picking individual stocks, here are five questions you should ask yourself before investing in any company.

Do I understand the business?

Too many people invest in businesses they don’t understand because it ‘sounds good’. If you have no idea how the company works, you won’t have the conviction needed to hold onto the stock when an inevitable downturn comes.

Can the balance sheet withstand severe, temporary adversity?

This seems obvious, but so many people invest in companies without understanding how much money a company holds and who they owe money to. Economic cycles are guaranteed. You must ensure that the company has enough cash-on-hand to avoid becoming obsolete when activity slows.

Will the company benefit from long-term trends?

Make sure the company will remain relevant into the future. If the stock is cheap now, it may be cheap for a reason.

Is the company enjoying profitable growth?

Not growth at all costs, but a combination of sustainable growth and value. All this information can be found online at sites like stratosphere.io.

What are the risk factors?

Is the company trying something new and untested? If yes, who are its competitors and how successful are they? If other players are more established, this company may have a tough time breaking into the market.

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Ballyspillane staff open up mental health conversation

By Michelle Crean “Hello, How Are You?” that’s the question staff at Ballyspillane Community Centre will be asking next week as part of a new campaign. It’s all in partnership […]

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By Michelle Crean

“Hello, How Are You?” that’s the question staff at Ballyspillane Community Centre will be asking next week as part of a new campaign.

It’s all in partnership with Mental Health Ireland (MHI) and the centre will host an information/coffee morning on Thursday next (March 30) at 12.30pm at their centre and all are welcome to attend.

The campaign initiated by MHI identifies the need for positive engagement and connections with the people around us.

It asks people to engage in open conversations about mental health and prompts us all to ask the question “How Are You?”

The word HELLO is a useful acronym to guide everyone through such conversations, H: Hello, E: Engage positively with the person, L: Listen actively, L: Learn about the person and O: seek options to assist the person if required.

“We all need a listening and compassionate ear sometimes to get us through some challenges in our lives and I think the pandemic has opened a new way of looking at the world, where we can all recognise the challenges that people experience more readily,” Derek O’Leary, Manager of Ballyspillane Community & Family Resource Centre, said.

“Our team here are in the business of supporting families and individuals across the Killarney area and beyond and see the challenges that people face first hand. We also see the positive impact that a caring person can have in such circumstances and this campaign that encourages positive engagement, regarding mental health is a great reminder to us all, the role we can play is assisting others who are struggling.”

Ballyspillane Community & Family Resource Centre provide a suite of support and intervention services including family supports, social prescribing/community connection services and physiotherapeutic services across the Killarney municipal area and beyond.

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