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Doing Nothing is Not an Option

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‘If it ain’t broke, don’t fix it’…well, guess what… It’s broken.

Things have changed significantly in the investment space in recent years, but for some reason, most people haven’t changed their approach.

You’ve heard it 100 times before - Interest rates are rising, inflation is everywhere, and bank deposit rates are close to 0%. Doing nothing with your money is no longer an option, yet it is the default position for so many.

During the 1980s, leaving your money in the bank was perfectly acceptable. Banks offered up to 15% on their savings accounts - Not a bad deal.

Diligently setting your money aside while it earned double-digit returns until such time as you could afford to buy your first home for a mere 30K was a pretty good deal all round.

But for some reason, people continue to do the exact same thing to this day despite the fact house prices are ten times higher, and bank deposits pay 100 times less.

The level of inertia here never ceases to amaze me.

Don’t Get Left Behind

When it comes to human behaviour, inertia is a powerful thing. People are inherently slow to change the way they have always done things.

We only ever change what is immediately and obviously damaging to use.

Unfortunately, the erosion of our wealth is discretely pervasive, so we often don’t realise what’s happening until it is too late. 0% return from your bank account seems manageable in the short run, but over longer periods, it has a truly profound effect on your future wealth.

To understand the longer-term effects of holding your money in the bank during an inflationary environment, consider the following example of the purchasing power of $10,000 in 1971, compared to today.

According to the Bureau of Labor Statistics consumer price index, prices in 2020 were more than 550% higher than prices in 1971. In other words, if you put $10,000 under your mattress in 1971, it would have the equivalent purchasing power of about $1,800 by today’s standards. Granted, there have been some large-scale inflation fluctuations over this period, but the compounding effects are no less apparent.

So, while zero returns on your money and higher inflation may seem manageable in the short term, they can have detrimental effects on your money over time.

The Game has Changed

Blindly doing the same thing the previous generation did in the hope of similar results is delusional.

There are people still trying to save more and more money in the bank just so they can afford to pay higher and higher prices, but the prices are going up faster than they can save. Saving 5k a year to buy that house that’s going up 10k a year? Sound familiar?

You need to tie your income to these rising asset prices if you have any hope of escaping the vicious savings loop in the long run.

Unfortunately, this is the reality for our generation. Ignoring it will ensure you are left behind.

What worked for your parents isn’t going to work for you. The onus is on you to create an investment plan that will put your money to work and tie your future wealth to assets that will increase in price over time.

Stop naively putting all your money in the bank, hoping that ‘it will all work out’. It doesn’t work like that anymore.

I have spent the last few weeks writing a guide to creating and managing your own investment portfolio. To receive a copy, sign up for my newsletter by scanning the QR code above or go to www.theislandinvestor.com.

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Listowel festival honours Gneeveguilla seanchaí Éamon Kelly

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Listowel festival honours Gneeveguilla seanchaí Éamon Kelly


The Listowel International Storytelling Festival returns from September 17 to 20, featuring four days of traditional music, poetry, and international performances.


This year’s theme, “Past Voices, Future Stories,” honours the legacy of Ireland’s traditional storytellers while providing a platform for new artists. A major highlight of the four-day gathering is a special tribute to legendary Gneeveguilla seanchaí, actor, and playwright Éamon Kelly, marking the 25th anniversary of his passing.
Born in Sliabh Luachra in 1914, Kelly left school at 14 to work as an apprentice carpenter before pursuing a career in acting and storytelling. He joined the Radio Éireann Players in 1952 and performed extensively with both the Gate and Abbey theatres in Dublin. In 1966, he earned a Tony Award nomination for his role in Brian Friel’s play Philadelphia, Here I Come!.
The festival tribute features an archival exhibition documenting his career, alongside a celebratory concert with storytellers Nuala Hayes, Frances Kennedy, Daisy Kearney, and Danny Larkin, performing with Sliabh Luachra musicians Bryan O’Leary and Aidan Connolly. A dedicated panel discussion, chaired by theatre historian Dr Fiona Brennan, will feature Kelly’s son, Eoin Kelly, discussing his father’s life and artistic contributions.
International storytellers and performers from the USA, the UK, Morocco, Japan, the Czech Republic, Germany, and Belgium will join leading Irish artists across the weekend. The line-up includes a Culture Night showcase featuring the Listowel Community Youth Choir, local school visits, storytelling workshops, and a jazz performance by Karen Underwood celebrating the music of Nina Simone.
Executive Director of the Kerry Writers’ Museum Cara Trant highlighted the importance of remembering the Gneeveguilla native.
“We are particularly proud to celebrate Éamon Kelly during this year’s festival,” Ms Trant said. “His remarkable legacy reminds us of the power of a voice, a story, and an audience gathered together. Through this programme, we honour the storytellers who came before us while creating space for new voices to be heard.”
The full festival schedule and ticket details are available directly through the Kerry Writers’ Museum in Listowel.

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Autism Friendly Killarney launches seasonal event series

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Autism Friendly Killarney launches seasonal event series


Autism Friendly Killarney has announced a new series of free social events and activities taking place across the town from September through December.


The initiative sees the community committee team up with local Champion Organisations to offer inclusive, adapted sessions for children, teenagers, and adults.
Funding from Kerry County Council through the Community Support Fund supports the upcoming autumn and winter programme.
The series begins on Saturday, September 19, with an outdoor rock climbing day in the Gap of Dunloe organised alongside Roam Wild. The session offers dedicated teen and adult climbing slots designed to build confidence in a supportive setting.
In October, West End House will host a three-week series of inclusive classes on October 7, 14, and 21. Separate hourly sessions will run for teenagers aged 13 to 17, children aged 9 to 12, and adults aged 18 and over, with capacity capped at 10 participants per group.
The programme continues in November with creative art sessions at The Art House, before joining the wider Christmas in Killarney celebrations in December.
During the festive season, Autism Friendly Killarney will provide sensory and quiet spaces at the annual Christmas parades to assist attendees who find large crowds and noise challenging.
Organisers confirmed that further community partnerships are currently being planned for early next year.
Booking details for all events are managed directly through the individual partner venues, with places allocated on a first-come basis. Further information on upcoming sessions is available via the Autism Friendly Killarney website and social media channels.

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