Connect with us


Launch of the 234th Killarney Regatta



REGATTA LAUNCH: At the launch of the 2019 Killarney Regatta in the Killarney Avenue Hotel were front from left: Tim Brosnan (The Handy Stores), Killarney Regatta Chairman Pat Cronin, Richard Leane (Leane's Tool Hire) and Killarney Regatta President John O'Leary. Back from left: Ulick Daly, Maurice Coffey, Kieran Murphy, Alan Lyne, Anne Tangney, Brian O'Sullivan, Kathy Brosnan, Pat O'Donoghue and Conor Griffin. Picture: Eamonn Keogh


By Michelle Crean

It’s considered one of the oldest sports in Europe and on Monday night last locals once again launched the Killarney Regatta – which is now in its 234th year!

The regatta, which uses traditional timber boats, is a very popular event in the town and this year takes place at O’Mahoney’s Point on Sunday, June 30.

The launch was held in the Killarney Avenue, where the Muckross Rowing Club Ladies Crew, winners of the 1983 senior race were honoured, while the late Jimmy Mulligan Cox was fondly remembered, explained Kathy Brosnan, PRO.

“The Killarney Regatta committee wish to thank all who attended the launch and presentation night,” Kathy told the Killarney Advertiser.

“We had the pleasure of honouring the Muckross Ladies Crew of ’81 and ’82 and all the ladies attended,”

“Two of the girls travelled from Cork on the night to share lots of memories and laughs of 38 years ago. I can see why these ladies had the winning streak as they still have a great energy and comradery together. James Mulligan Cox was fondly remembered. It was known he called these ladies “My Lovely Girls” and very precious to him by all accounts.”

Chairman Pat Cronin told lots of yarns and rowing facts, while President John O’Leary was there to present trophies, she added.

“Our President John O’Leary, an amazing man, was there to present the trophies and no doubt will be on the judging stand at our regatta. All five regatta queen representatives were in attendance and will go forward for one of them to be crowned Regatta Queen 2019.”


Continue Reading


The Irish investment market is pathetic

By Michael O’Connor,    I lived abroad for years, so all the investment strategies I created were typically outside of Irish tax considerations. But over the last few weeks I […]




By Michael O’Connor,   

I lived abroad for years, so all the investment strategies I created were typically outside of Irish tax considerations.

But over the last few weeks I have been putting together several investment strategies for Irish-domiciled clients. It has been eye-opening, to say the least.

In short, most of the Irish market appears to be dominated by a handful of life insurance companies that offer ‘wrapped’ Multi Asset Funds. This means they offer a basket of stocks, bonds, property etc., all within one investment.

Irish Life’s MAPs 4 multi-asset fund states a standard annual management charge of 1.15%. A bit on the higher side for my liking, but this is still manageable.

But when you dig a little deeper, the KID documents (where all fees have to be fully disclosed as part of UCITS regulations) show the fee as 2.2%.

Double the quoted price

As an added bonus, they lock your money up for seven years, where an early encashment charge is waiting for those who wish to withdraw their money early. That’s right, they charge YOU for making your money inaccessible.

This lock-up period is a shrewd business tactic. An exit charge is an excellent way to ensure customers don’t leave when they realise how poor the performance is.

Too late, you’re trapped.


Fees become more digestible provided the performance is strong, but unfortunately, the misery continues.

The Irish Life MAPS 4 Portfolio has an annual return of 1.63% a year over the last five years. Granted, this was a challenging market climate to navigate, but falling below even the lowest expectations of inflation means that this fund has returned negative real returns after inflation over the last five years.

A similar 60/40 portfolio made up of passive index funds (S&P 500 and US T bonds) would have returned roughly 6.5% a year over the same period for a fee of roughly 0.1%.

We can go round and round in circles regarding the ‘risk adjusted’ approach and the added ‘diversification’ of the multi-asset fund versus the 60/40 portfolio I have shown. But the reality is much of this so-called diversification is over-engineering for an extra cost for many long term investors.

So, how can such pathetic offerings still exist in a system where low-cost operators such as De Giro are providing endless ETF options and commission-free trades that provide access to market returns at a fraction of the price?

Two reasons spring to mind

Firstly, the Irish retail investment scene is built on a financial broker commission system where unsuspecting customers are shoved into these products by ‘financial planners’ who receive kickbacks and commissions from these investment companies. You think you’re getting free investment advice; believe me, you’re not.

Second, the tax treatment of ETF structures is comical in Ireland, and US ETFs aren’t even an investment option. A 41% exit tax and an eight-year deemed disposal rule leaves investors stuck between a rock and a hard place.

Choose an overpriced, underperforming product that locks your money away for multiple years or choose the cheaper, better-performing product and suffer the tax consequences.

Bizarrely, investors are forced to make decisions based on preferential tax treatment rather than on the underlying investment’s merits.

I have gone into much more detail on the tax treatment and investment options in Ireland on my website. Just scan the QR code.

If you would like me to independently review your investment portfolio, just send me an email at


Continue Reading


Rebel lights delight for Killarney star

By Con Dennehy The continued growth, development and participation of women’s handball in East Kerry was rewarded at the weekend when Cork hosted ‘She’s Ace’, the prestigious All Ladies Handball […]




By Con Dennehy

The continued growth, development and participation of women’s handball in East Kerry was rewarded at the weekend when Cork hosted ‘She’s Ace’, the prestigious All Ladies Handball championships.

Attracting all the leading players in Ireland, it was Sarah Dineen, the Spa/Killarney player who shot out the Rebel lights in Conna with a phenomenal display of handball.

Competing in the highly competitive Ladies Challenger championship, the Killarney player, who took up the sport just 18 months ago, had the perfect start in the competition defeating the home town favourite Agnes Hurley from Conna on a 21-20 scoreline following an energy sapping and close encounter that hung in the balance to the final ace.

In her second game she took on the challenge of Nolwenn Even from St Brigids where her skill, superior fitness and movement on the court resulted in the 21-12 victory and a place in the prestigious final.

“The final was always going to be a difficult game not least playing local girl Kate O’Riordan from Conna. I concentrated on my serve and kill shots which ensured we shared the aces early in the game. It was a difficult game with the home supporters out in force to cheer on their local hero. However, I played well and secured a 21-11 victory. This was the second time this title came to Spa Killarney following the 2022 win by Aoife Walsh in Northern Ireland,” said Sarah, who is currently chairperson of the Killarney Camogie Club.

A native of Westmeath, Sarah (46) runs a jewellery business in Killarney and lives in Rathmore. No stranger to competitive sport she played camogie for Westmeath and Leinster and also won an Intermediate championship Gaelic football medal in Westmeath.


Continue Reading


Last News