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My number one rule

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By Michael O’Connor, theislandinvestor.com

January tends to bring its fair share of resolutions. Under the blinding influence of Christmas blues, we vow this will be the year we lose weight, the year we drink less, the year we sort out our finances.

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So for those about to undertake a forensic examination of their finances in a bid to uncover the mystery of where your money has been disappearing to all these years, here is my number one rule.

Don't overcomplicate it.

In psychology there is a term known as 'complexity bias'. This refers to our tendency to levitate toward the more complex solution, ultimately over-complicating a simple problem.

Those with the most complex solutions get resounding recognition, while the obvious answers get discarded.

In investing, this is everywhere, millions of strategies, thousands of different investment options, each one more convoluted than the next.

And people eat it up, paying portfolio managers through the nose for the privilege of complexity.

My advice: if you're starting out, embrace simplicity.

Everyone wants the optimal portfolio. They want to know the name of the next stock that's going to 10x in value. They want maximum returns. This pursuit of the perfect trade often results in people investing in nothing at all.

We operate in extremes: everything or nothing. The absence of the illusive perfect investment means we do nothing with our money; sitting on our hands, waiting for a life-changing investment to come up and slap us in the face.

Now, I hate to be the bearer of bad news here, and this may be stating the obvious, but some people need to hear it. There is no perfect investment, but thankfully, there are plenty of good ones, and that's a start.

This is where you should focus your efforts. Start with the easy wins.

Simplifying the problem instead of chasing perfection allows you to take the necessary steps to get started. From there, you can build out your investments over time.

The general consensus suggests investing is too risky. I get it. A lot of trading activity can be speculative at best.

But the recent rise in interest rates means there are now higher interest rates, low-risk investments out there.

This is a game-changer. Now there are opportunities for even the most risk-averse investor to enter the market.

In 2022, we all felt first-hand the damage that inflation can do to our savings. Now more than ever, you need to be proactive to ensure you are putting your money to work.

Investment options that are backed by the full faith and credit of the US Government are now offering up to 5%.

This is the perfect place to start. Simple.

Yes, 5% a year won't make you a millionaire overnight, but that's not the game we are playing. At least not yet.

Start by improving your current situation, step by step. If you're accepting pennies from your deposit account, improve your returns by investing in short-term bonds.

Risk-free treasuries offer 4.8%, while the savings account rate for all financial institutions insured by the FDIC is 0.24%.

One simple change will almost 20x your return.

Take the easy wins, it doesn't all have to be as complicated as they make it out to be.

For anyone who is needs help, just reach out to me at mike@theislandinvestor.com or scan the QR code. Always happy to help.

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Lissivigeen community day trip to Dingle

Neighbours and friends from the Lissivigeen and District Community Alert area enjoyed a memorable day out in West Kerry recently, with a full coach travelling to Dingle for their annual […]

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Neighbours and friends from the Lissivigeen and District Community Alert area enjoyed a memorable day out in West Kerry recently, with a full coach travelling to Dingle for their annual outing.

The group set off on the morning of September 4, with organiser Christy Lehane describing it as “a great day that everyone had been eagerly waiting for.” The destination had been chosen months earlier, and the trip attracted many of the same regular travellers who had taken part in last year’s outing to Ballymaloe House.
“The skies looked dark when we boarded the bus,” said Mr Lehane, “but as soon as Inch Strand came into view, we knew the weather was on our side.”
The journey included a running commentary from former councillor Michael Gleeson, who acted as guide until the group reached Dingle, where they met local historian Tadhg Ó Coileáin. After a coffee stop in town, the first visit was to Páidí Ó Sé’s pub in Ventry, where the sunshine gave everyone the perfect chance to take photos beside the statue of the late football legend.
“Some people went inside to see the photos of all the famous visitors who called there over the years,” said Mr Lehane. “No one was in a rush, everyone just relaxed and soaked in the atmosphere.”
From there, the bus travelled on along the Slea Head Drive, where the group took in spectacular coastal views and listened to Tadhg’s stories about the history and folklore of the area. A visit to the Blasket Island Centre followed, where the group watched a documentary about the lives of the islanders.
Lunch was served at Ceann Sibéal Golf Club, where the group enjoyed a four-course meal. “The food and the service were first class,” Mr Lehane said. “Everyone agreed it was a great choice for our main stop.”
He added that the highlight of the day was their guide, Tadhg Ó Coileáin, whose deep knowledge and passion for the area made the trip truly special. “Tadhg filled our heads with stories of local history, the films shot around Dingle, and of course, the footballing legends from West Kerry,” he said.
On the way home, the group was treated to songs, stories, and accordion tunes from Paddy Hughes, rounding off what Mr Lehane described as “a most enjoyable and memorable day out for everyone involved.”

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Kyla Shine-Leane inspired by Michael Fassbender Masterclass

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Emerging local actress Kyla Shine- Leane recently took part in an masterclass at West End House School of Arts, where participants were led by local Hollywood star Michael Fassbender.

Fassbender, who founded the Killarney-based acting school, returned home to share his wealth of experience from years on stage and screen, offering students an invaluable opportunity to learn from one of the film industry’s finest.


For Kyla, the experience proved both transformative and inspiring.


“Participating in a masterclass with Michael was truly a transformative and unforgettable experience,” Kyla said. “His approach to emotional truth and character analysis challenged me to look deeper through technique and connect with my deep instincts.


“There was a constant emphasis on presence and vulnerability which allowed us to reach deeper and actively listen to one another as he brought an honesty and intensity to each and every performance.


Kyla left the masterclass feeling more confident in her acting skills. She said: “As an actor, the most valuable lesson learned was watching his process — it was both humbling and inspiring, watching him push everyone in the room to their highest potential. I felt more confident to take risks, embrace my authenticity, and trust my instincts, not only in the craft but in life.”


Everyone at West End House is so grateful to have had this experience and, as always, it was an absolute pleasure to work with Michael.”

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