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Guaranteed losses




By Michael O’Connor from

It's human nature to focus on the most recent news and react to our present environment.

Where we go wrong is our tendency to extrapolate this current environment out into the future, assuming it will last forever.

During the good times, we get caught up in the euphoria. We think things will last forever, and we find ways to rationalise even the most ludicrous narratives. Lest we forget, people were finding seemingly justifiable reasons to pay millions of dollars for pictures of cartoon rocks less than a year ago.

This tendency to extrapolate works both ways. It's easy to get caught up in the downward spiral of bad news and buy into the doomsday scenarios.

The imminent collapse of Fiat Currency, World War 3 and a Global Debt Crisis all become seemingly guaranteed outcomes when outlooks turn negative.

But nothing lasts forever, and the current environment we are in will not be the exception to the rule.

This too shall pass. While it may seem inevitable when you are stuck in the echo chamber of endless bad news, in reality, it is far less likely to lead to an apocalypse than the doomsday preacher would like you to believe.

So, where does that leave investors?

You're looking in the wrong direction.

No need to regurgitate the negative news. It's everywhere. This symphony of pessimism has led to considerable market stress, with stock and bond indexes down over 20% YTD.

But that is what has already happened. You get no special prize for regaling what is currently happening or what has happened in the past.

The stock market is a forward-looking machine, so you must align your focus accordingly. As markets fall, you should ask yourself, what does all this mean for the future? How will things look one, three, or five years down the road?

As prices fall, fear increases but so too does the future expected return. Present-day turmoil creates future opportunities. For those not of retirement age, 30% market declines should be met with open arms and viewed as buying opportunities.

Investing is still too risky

Banks are boasting 0% deposit rates while inflation hits double figures. The price of everything around you skyrockets while the absolute value of your money stays the same.

Times have changed. Your money isn't 'safe' in the bank, you are simply locking in guaranteed losses. You need to be proactive. Doing nothing with your money is no longer an option. If you want to maintain your current wealth, it needs to be tied to assets that generate positive returns over time.

This isn't about taking maximum risk of finding the optimal investment that will make you rich overnight. You simply need to realise that you are willingly losing your hard-earned money by doing nothing.

Recent market activity has created opportunities for even the most risk-averse investor. As a result of the rise in interest rates, there are risk free investments now offering between 4% and 6% annual. These are far from the most lucrative assets, but they are a significant improvement from the 0% you are getting from the bank without any increase in credit risk.

If the potential to lose money is the thing preventing you from investing in the stock market, please realise that you are already making guaranteed losses as the value of your money erodes in the bank. Cash is the worst-performing asset class in history.

Don't worry about making the perfect first step. Inaction is the real enemy here. Simply focus on finding an investment better than your current deposit account and work from there. It won't be hard to find.

Focus on improvement, not perfection.

For free weekly stock tips and direct access to my personal investment portfolio, go to



Donie McCarthy to be remembered by Firies GAA with golf classic

On the approach of the second anniversary of his passing, Firies GAA have taken the opportunity to both acknowledge and pay tribute to the late Donie McCarthy by organising a […]




On the approach of the second anniversary of his passing, Firies GAA have taken the opportunity to both acknowledge and pay tribute to the late Donie McCarthy by organising a golf classic in his name. Donie was a key figure; player, coach, mentor and officer in the club for many years.

Michael Quirke, former team mate and part of the events’ committee, outlined the significance of remembering and acknowledging the legacy that Donie left to his beloved club. “Donie exemplified the concept of a club stalwart, his love of both the game and the development of the club was boundless. His energy towards the development of young players is truly visible today in Firies. Donie got great satisfaction from seeing young players improve, and as they got older and achieve success with Firies. During his successful playing days, he helped lead Firies to secure the O’Sullivan Cup title in 1979 and went onto manage and coach many Firies teams down through the years. Since his untimely passing in November 2022, the club has aspired to acknowledge his legacy.”

Final preparations are being put in place for the classic which takes place on Saturday, July 13, in Maine Valley Members Golf Club, Killorglin. The classic, which includes GUI handicap applied with a maximum adjusted handicap of 24 for men and 36 for ladies, promises to be a great day celebrating Donie, with top team, nearest the pin, and longest drive prizes.

Family, friends and former club mates of Donie gathered to officially launch the golf classic in Pairc Eamonn, along with Kerry Senior Footballer; Dara Moynihan to lend his support the event. The Firies GAA Club were eager to recognise L. & M. Construction, of New York City for their generous contribution towards The Donie McCarthy Memorial Golf Classic. The American company, has strong club connections and supports many of the club events. “Without this support, we would be unable to organise such events. The Club would also like to acknowledge the members who attended the launch today from young to old to recognise Donies’ contribution”. A club spokesperson said this week.

If you or your club are interested in submitting a team of four at €200 per team, you can contact Brendan Quirke 087-9172854, Dermot O’Connor 087-6958610, Michael Quirke 087-6683699 or Maine Valley Members Golf Club 066-9761979. Likewise, sponsored tee boxes are available for €50.

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Muckross Lottery goes online

Muckross Community Association has announced the launch of its new online facility for playing the Muckross Lottery. The Muckross Lottery community fundraiser has operated since 1995, raising thousands of euro […]




Muckross Community Association has announced the launch of its new online facility for playing the Muckross Lottery.

The Muckross Lottery community fundraiser has operated since 1995, raising thousands of euro for the benefit of local community groups and bodies including Loughquittane National School, Muckross ICA and Muckross Rowing Club among others.

Over the years, countless prize winners have also benefited in the share of jackpot and Match 3 prize wins.

The first Muckross Lottery draw was held in the summer of 1995, a year which also saw the opening of the Muckross Community Centre.
At the time, the lottery draw was a first of its kind in Killarney and was to set a fine example for the many other sports club and community lotteries that were later established in the town.

The community fundraiser has continued to be a vital support, initially securing the completion of the Muckross Community Centre and over time generating funds for the development of school, community and sporting facilities in the Muckross area.

Since 1995, the lottery has been sustained by the unwavering commitment of local sellers and a dedicated committee within the community association.

A number of the lottery’s founding members continue to sell weekly tickets to this day in support of local causes.

In a move with the times and ahead of the 30th anniversary of the Muckross Lottery, the association is now building for the future and launching its new online lottery facility.

Ahead of the online launch this month, the Association has collaborated with Irish company ClubForce, a leading provider of online lottery systems, to develop the secure online system.

It is hoped the new online facility will generate new lottery sales, extend the lottery’s reach to those living abroad and sustain the community fundraiser long into the future.

Existing lottery supporters who avail of the online option can also enjoy the benefits of new features including a weekly results email, ticket auto renewal and access to ticket purchase history. The Association are also keen to highlight that existing hard copy tickets will continue to be available and sold as normal.

The Community Association is seeking the support of all residents of the Muckross area and all those with a connection to the community, to spread the word and get behind the new online lottery.

Online tickets can now be purchased ahead of the weekly draws on June 22, June 29 and throughout July.

The jackpot for June 22 stands at €5,050 with a rollover each week if the jackpot is not won. Online lottery tickets can be purchased each week (3 tickets for €5). A single €2 ticket can also be purchased for multiple draws. The lottery’s annual ‘green’ ticket is also available online for €100 and continues to include two free draws.

Link to Muckross Lottery online.

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