News
West Kerry man preparing to sail solo arund the world

Green Rebel will be the main sponsor for sailor Pat Lawless as he attempts to become the first Irish person to sail around the world non-stop as part of the Golden Globe Race.
Around 6,000 people have climbed Everest while 556 people have been to space, but only 100 people have ever sailed solo nonstop around the world via the five great capes.
The Golden Globe Race 2022 will begin on 4th September when 35 sailors depart Les Sables-d’Olonne and aim to sail solo, non-stop around the world, via the five Great Capes and return to Les Sables-d’Olonne. The sponsorship agreement will see Pat’s boat named Green Rebel.
Pat Lawless, a carpenter and former fisherman from Kerry will be the only Irish competitor in the yacht race. Pat is 66 years of age and has been sailing all his life. Pat is following in the footsteps of his late father (Pat Lawless Snr) who sailed around the world at the age of 70. Pat will also be raising money for The Parkinson's Association of Ireland as part of the race.
Pat said: “This race is a part of sailing history and I cannot wait to get started. There have been 11 solo non-stop sailing races around the world. The first original Golden Globe Race was won by Sir Robert Knox-Johnson, an Englishman. All the other ten races were won by the French. We need to get Ireland on this list. I am delighted that Green Rebel has decided to join me as the main corporate sponsor for this race.”
“While I’m in it to win it, this race is all about survival and arrival and I believe I have the right boat and a better chance of finishing this race than most. I am delighted to have an ambitious, indigenous Irish company like Green Rebel behind me, and I hope I can make them proud.”
CEO of Green Rebel, Kieran Ivers said: “This is a fantastic moment for Ireland as Pat sets out on his adventures. Something like this takes bravery, skill and determination and we are thrilled that Green Rebel can support him as he sets off on the Golden Globe Race. Ireland has the opportunity to be a global leader in the offshore wind sector but it will take ambition and courage to make this happen, values that Pat has in abundance. We are excited to follow his journey as he seeks to do what no Irish person has before.”
Over the course of the Golden Globe Race sailors will circumnavigate 30,000 nautical miles across some of the most dangerous seas in the world. The race is expected to take between 7 and 11 months to complete. The competitors will not be permitted to use modern technology and can only use items that were available in 1968. Pat will navigate by the position of the sun using only a sextant and paper charts. Clocks must be mechanical, and there are no modern luxuries such as GPS, satellite phones, iPads, electrical auto steering and water makers. The competitors will carry all their own food, water, tools, and spare parts for the nine months at sea.
External communication with family friends or support groups will not be allowed for the duration of the race. This is the third time the Golden Globe Race has taken place and in previous years many competitors failed to complete the race.
News
Five questions to ask yourself before buying a stock
By Michael O’Connor, theislandinvestor.com When it comes to investing, nothing is certain. There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy. […]

By Michael O’Connor, theislandinvestor.com
When it comes to investing, nothing is certain.
There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy.
The truth is, investing is hard, and building a portfolio of top stocks that beat the market is something that even financial professionals have trouble doing consistently.
For most people, investing in index funds is the perfect hands-off approach, providing broad exposure to the stock market at a very low fee. Even my own personal portfolio is made up of roughly 70% ETFs despite the fact I invest in the market for a living.
But I believe some stock picking is a good strategy for many hands-on people.
Taking a small portion of your overall portfolio and diligently selecting a small number of companies to invest in gives you an opportunity to learn about the investing process and fully understand the businesses you are investing in, which helps to build conviction in your positions.
From a psychological standpoint “collector’s instinct” kicks in, enabling people to participate and invest more money over time.
Lastly, for Irish investors, there are tax benefits to consider. If you invest in individual stocks, you are taxed at the CGT rate of 33%, and the first €1,270 of your gains are exempt from CGT each year. When investing in index funds or ETFs, you are taxed at the exit tax rate of 41% with no annual exemption.
For those interested in picking individual stocks, here are five questions you should ask yourself before investing in any company.
Do I understand the business?
Too many people invest in businesses they don’t understand because it ‘sounds good’. If you have no idea how the company works, you won’t have the conviction needed to hold onto the stock when an inevitable downturn comes.
Can the balance sheet withstand severe, temporary adversity?
This seems obvious, but so many people invest in companies without understanding how much money a company holds and who they owe money to. Economic cycles are guaranteed. You must ensure that the company has enough cash-on-hand to avoid becoming obsolete when activity slows.
Will the company benefit from long-term trends?
Make sure the company will remain relevant into the future. If the stock is cheap now, it may be cheap for a reason.
Is the company enjoying profitable growth?
Not growth at all costs, but a combination of sustainable growth and value. All this information can be found online at sites like stratosphere.io.
What are the risk factors?
Is the company trying something new and untested? If yes, who are its competitors and how successful are they? If other players are more established, this company may have a tough time breaking into the market.
News
Ballyspillane staff open up mental health conversation
By Michelle Crean “Hello, How Are You?” that’s the question staff at Ballyspillane Community Centre will be asking next week as part of a new campaign. It’s all in partnership […]

By Michelle Crean
“Hello, How Are You?” that’s the question staff at Ballyspillane Community Centre will be asking next week as part of a new campaign.
It’s all in partnership with Mental Health Ireland (MHI) and the centre will host an information/coffee morning on Thursday next (March 30) at 12.30pm at their centre and all are welcome to attend.
The campaign initiated by MHI identifies the need for positive engagement and connections with the people around us.
It asks people to engage in open conversations about mental health and prompts us all to ask the question “How Are You?”
The word HELLO is a useful acronym to guide everyone through such conversations, H: Hello, E: Engage positively with the person, L: Listen actively, L: Learn about the person and O: seek options to assist the person if required.
“We all need a listening and compassionate ear sometimes to get us through some challenges in our lives and I think the pandemic has opened a new way of looking at the world, where we can all recognise the challenges that people experience more readily,” Derek O’Leary, Manager of Ballyspillane Community & Family Resource Centre, said.
“Our team here are in the business of supporting families and individuals across the Killarney area and beyond and see the challenges that people face first hand. We also see the positive impact that a caring person can have in such circumstances and this campaign that encourages positive engagement, regarding mental health is a great reminder to us all, the role we can play is assisting others who are struggling.”
Ballyspillane Community & Family Resource Centre provide a suite of support and intervention services including family supports, social prescribing/community connection services and physiotherapeutic services across the Killarney municipal area and beyond.
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