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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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Meentogues National School pupil wins regional Green-Schools award

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Meentogues National School pupil wins regional Green-Schools award


A pupil from Meentogues National School was among the winners at the annual Uisce Éireann Green-Schools poster competition.


Julia Keane won the regional award in the primary school junior category. She received her prize at an awards ceremony held at Wood Quay in Dublin.
The competition received 1,600 entries from primary and secondary schools across the country. Students designed posters based on the theme ‘Water and Me / Mise agus Uisce’, focusing on moments when water has mattered to them.
As a regional winner, Julia received a €100 voucher, and her poster was professionally framed.
The event marked the 13th year of Uisce Éireann’s sponsorship of An Taisce’s Green-Schools programme. The initiative works with over 300 schools and 90,000 students on water conservation and environmental awareness.
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Felicity’s Summer in Killarney — Week One

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Felicity’s Summer in Killarney — Week One



A new weekly series from Killarney Advertiser’s Jess Jukes
Jess Jukes, a member of the advertising department at the Killarney Advertiser, is also a budding writer. Each week, we will bring you her serialised novella following the adventures of Felicity’s summer in Killarney.


Felicity’s Summer in Killarney — Week One


This was it. The county border. The edge of her world for the next few months. The 40 Expressway paid no mind to her inner turmoil as it trundled down the road.

Felicity slouched in the uncomfortable seat and watched the Kerry countryside pass her by, trees on both sides of the road before they opened out to the rolling hills and fields beyond. An older lady was humming a lilting traditional tune behind her, tapping her foot to the melody she made as the bus carried them both closer to Killarney.

Killarney. It was her mother’s hometown, where she had left at twenty and hadn’t gone back. And now when Felicity’s parents wanted to go abroad for the summer of their twenty-fifth wedding anniversary they were shipping her off there. She was to stay with her Auntie Sheila who used to be a detective in Dublin. She had taken early retirement back to Killarney a few years ago, “returning to her roots” as she had put it.

This was the first time that Felicity’s parents had shipped her down to Killarney, but she would bet that it wouldn’t be the last. She was going to miss her friends, her room, her life back home. Felicity had fought tooth and nail to stay in Dublin but none of her friends would be able to take her for the whole summer. She couldn’t stay in her own house because her parents were partaking in a house swap “to get the authentic experience” her mother had said. Even though Felicity had known it was coming for months, and she had spent the past few hours travelling, arriving in Kerry still felt surreal.

Pondering how her summer was going to unfold, it wasn’t long before she turned up her music and closed her eyes, letting the dull drone of the bus engine lull her to sleep.

Felicity opened her eyes with a jolt. The bus pulled into its berth. Felicity disembarked, hardly noticing the loud ding of an advertisement for the Bus Station Café over the intercom. She waited along with everyone else for the bus’s undercarriage to open, and pulled her bags out from the hold.

Her whole life for the summer, packed into two small suitcases and a backpack. Her parents had assured her that anything else she needed she could buy in Killarney. Felicity somehow doubted it.

She turned around, searching for her aunt. They had agreed to meet just next to the Outlet Centre doors. She easily found the woman’s head of crazy blond hair. Sheila’s outward appearance was an outward representation of her enthusiastic view of life. Her aunt saw her and approached, holding her arms out for a hug. “Felicity! Come here to me, you’ve arrived just in time. We have a festival on this weekend. You won’t have a dull moment to miss home.”

Felicity shook her head fondly as her aunt jabbered on. She had missed her aunt since she had moved back to Killarney. No matter what the summer brought, it would certainly be interesting.

Felicity was scrolling in her bedroom when Aunt Sheila came bustling in. Sheila was like a hurricane, sunny smile, curly hair, glasses perched atop her head at a slant. It was a wonder she had made it as far as she had as a detective.

“Felicity,” the way her aunt drew out her name sounded like a song. “I’m going to take you around town this afternoon.”

The girl rolled her eyes. “It’s just a town. I’m eighteen, surely I can make my own way around without an escort.”

Sheila tutted. “I want to spend time with you out and about while the weather is good. You know, this is the warmest day we’ve had all year? The post man told me it’s only meant to get hotter before the bank holiday.”

Felicity almost shuddered. It was already reaching 25 degrees. She wasn’t made for this weather, but she accompanied her aunt into town nonetheless.

Auntie Sheila was on a mission to cram everything Killarney had to offer into one day. They hopped between retailers on Main Street and New Street before heading out to Muckross Garden for lunch and a stroll.

The park was an experience like no other for Felicity. The serene beauty that Muckross held was like nothing she had ever seen. Everything was so lush; there was nothing like the rugged beauty of Kerry compared to Dublin.

They spent three hours meandering along the paths. Felicity wondered at Torc Waterfall and Muckross Abbey, enthralled by the fact that she could venture inside. Auntie Sheila indulged her with stories about the old friary, transporting Felicity to a different world.

For dinner they went to the International Hotel, a treat to celebrate her arrival. Afterwards, they drove back to Auntie Sheila’s house on Hedgerow Place. Felicity watched an ice cream truck trundling down the road, trumpeting its sweet ditty. She thought she could come to enjoy the summer after all.

As they pulled into the drive, they heard a loud crash. Felicity turned just in time to see the ice cream truck’s door swing wide open. A figure was pulled out and thrown to the floor as the attacker hopped in. She clambered out of the car, Auntie Sheila not two steps behind her, and started running toward the vendor on the ground as the truck’s tune cut out and it sped away.

Tune in next week…

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