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Economic boost for Killarney as 1,400 dancers take to the stage

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Local businesses are set to get an economic boost this week as the An Chomhdháil World Irish Dance Championships kick off in Killarney.

Taking place at The Gleneagle Hotel and Gleneagle INEC Arena, in excess of 1,400 dancers from America, Scotland, England, Europe and all over Ireland, will take to the stage over the course of the six days competing for a world title in the championships which run from November 1 to 6.

Over 19 competitions take place over the six-day championships and winners are announced every day after each competition. The competitions are held in the INEC auditorium and The Gleneagle Ballroom. The age profile of the competitors is nine to over 21-years-old.

An Chomhdháil is delighted to return to Killarney this year having been unable to run the event in 2020. This is Killarney’s fifth occasion to host the An Chomhdháil World Irish Dance Championships.

Strict Government guidelines will be adhered to for indoor events. Only adults with COVID certificates will be permitted to enter. Dancers and spectators under the age of 18 must be accompanied by an adult with a COVID certificate. Facemasks are mandatory.

The economic benefits of these championships will be felt right across Killarney’s hotels, B&Bs, restaurants, shops and many other businesses. Studies carried out between 2016 and 2019 calculated the Championships were worth €12 million to the local economy.

An Chomhdháil, the organisation who run the World Irish Dance Championships, have an extensive branch network worldwide and is one of the most progressive Irish Dance organisations, being the first Irish dance organisation to bring in the no make-up rule for girls under 13 years of age in 2007. Both male and female world champions will be crowned across a range of age categories from under 10 through to adult.

“We are honoured to welcome the 2021 An Chomhdháil World Irish Dance Championships,” Patrick O’Donoghue, CEO of The Gleneagle Group, said. “We wish all the competitors the very best of luck and we hope everyone enjoys their stay in Killarney.”

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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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