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Top fashion and advice in Killarney this September

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A PASSION FOR FASHION: Launching the New Collections Fashion Luncheon, taking place in the Aghadoe Heights Hotel this September were front from left: Orla Diffily, Tim Kelliher (Kelliher's Toyota Tralee), Trish Covarr (Aghadoe Heights Hotel), Sharon OÕMahony (Radio Kerry) and Kara McDonagh. Back row from left: Fiona Griffin and Sophie Thompson (models). Photo: Barry Murphy

By Michelle Crean

If you have a passion for fashion, then it may well be worth your while heading to the Aghadoe Heights Hotel & Spa this September for an exclusive preview what's on trend for the coming autumn/winter season.

Enjoy a wonderful afternoon of superb food and wine in The New Collections Fashion Luncheon on Sunday, September 29, produced by Orla Diffily and her team at Upfront Model Management in association with Radio Kerry and Kelliher's Toyota, Tralee.

In addition to showcasing new collections from top designers and boutiques, the afternoon will also separately focus on sustainable style and how each of us can make a difference.

MC’ed by Elaine Kinsella from Radio Kerry, the New Collections Fashion Luncheon will commence with a ‘live from the red carpet’ as guests arrive followed by a champagne reception in the newly opened Terrace Bar.

Guests will enjoy a sumptuous four course luncheon with fine wines. Hair and make-up is by the multi award winning team at Sean Taaffe Group and there will also be a Best Dressed Lady and gift bags.

This stylish event is absolutely unmissable for everyone who loves fashion and want to see first what’s new for the autumn/winter season, Orla Diffily told the Killarney Advertiser.

“If you are looking to treat yourself to a fashionable and fun afternoon - with wonderful cuisine and fine wines - then this luncheon in the magical setting of the Aghadoe Heights Hotel is for you,” she said.

“As well as an exclusive first look at the latest trends for everyday and occasions, we will also showcase style from two of Ireland’s top designers. After lunch and the show everyone is welcome to stay on and join us for drinks accompanied by the Aghadoe’s pianist in the lounge."

A limited number of early bird tickets are on sale now from Eventbrite for €80 plus booking fee. There after they will be €90 plus booking fee. Early booking is advised as due to size of the venue capacity at this event is limited, she added.

“Stay tuned to Radio Kerry and social media for exclusive weekly reveals and lots of behind the scenes coverage of this exciting new fashion event.”

 

 

 

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The Irish investment market is pathetic

By Michael O’Connor, theislandinvestor.com    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 […]

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By Michael O’Connor, theislandinvestor.com   

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.

Performance

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 mike@theislandinvestor.com.

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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 […]

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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.

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