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  • Online Banking News – Financial Information from RaboDirect Ireland
    Approach to Your Money Submitted by Dr Melrona Kirrane Organisational Psychologist DCU on Tuesday 27 January 2015 1 comments Category Personal Savings For many of us eating out travel entertainment new clothes cars gadgets and appliances have shifted from being seen as essentials to now being seen as things we can do without Read more 5 fab getaways that won t break the bank Submitted by Pól Ó Conghaile Travel Editor Irish Independent on Tuesday 27 January 2015 No comments Category Personal Savings You ve saved smartly and now you re planning a getaway to put a smile on your face But how can you do it without spending a small fortune Read more Did you know that Savers are the new Sexy Submitted by Chris Jones Digital Media Specialist RaboDirect on Friday 13 September 2013 No comments Category Personal Savings A recent article on Reuters has confirmed what we at RaboDirect have always believed to be true savers are sexy Read more Money Saving Habits and the Marshmallow Test Submitted by Dr Michael Dowling Financial Economist DCU on Monday 18 February 2013 No comments Category Personal Savings Most of us spend our pay checks as rapidly as kids eat marshmallows We look at a number of soft and hard savings commitment approaches that could help you get a savings plan in place Read more Saving for your Pension Submitted by Tony Gilhawley Director Technical Guidance Ltd on Wednesday 7 November 2012 No comments Category Personal Savings There are many different ways you can build up your pension The best way is to get your employer to contribute to a pension scheme for you this is the most tax efficient way to building up your pension pot Read more Page Previous 1 3 4 5 6 7 8 9 10

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/default.aspx?pagenumber=9&category=Personal+Savings (2016-02-16)
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  • Online Banking News – Financial Information from RaboDirect Ireland
    fees FAQs The Blog Check it out Open Account Log in Home More The Blog Check it out Blog The benefits of teaching kids about saving Submitted by Charlie Weston Personal Finance Editor Irish Independent on Wednesday 24 October 2012 No comments Category Personal Savings Charlie Weston Irish Independent highlights the benefits of teaching kids about the value of saving Read more Budget Recession Survival Tips from Charlie Weston Submitted by Charlie Weston Personal Finance Editor Irish Independent on Thursday 24 November 2011 5 comments Category Personal Savings With another tough Budget on the way Charlie Weston gives us his survival tips for the coming months Read more Top Tips for Retirement Savings Submitted by Killian Nolan Investments Manager RaboDirect on Wednesday 27 October 2010 8 comments Category Personal Savings It s that time of year again when you will hear and see lots of ads on the radio and elsewhere about making pension contributions before the October 31st tax saving deadline Read more Page Previous 1 3 4 5 6 7 8 9 10 Categories Business Savings 9 Investments 18 Partnerships 12 Personal Savings 48 Theme Education 1 Holidays 1 Life Money 11 Property 7 Retirement 7 Weddings 16

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/default.aspx?pagenumber=10&category=Personal+Savings (2016-02-16)
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  • An Irishwoman Gets Honest About Her Financials
    cent of our income monthly and we have various different accounts current bills short term and long term savings We don t have any investments or shares and we do use a credit card We also have pensions and a nest egg to feel a little more financially secure I started to get serious about my finances when the SSIA scheme launched that focused my mind on what my money could do for me long term Everyone has financial worries and we always wish there was a little more money but who doesn t We take our advice on money from financial institutions At the moment we re building a large house extension which we ve been saving for over the last five years Next on the list is my dream kitchen and long term we re saving for our kids education Sinead Ryan financial advisor says Anna and her husband are great savers They have accounts for short medium and long term goals which are specific They also have pensions although they should check with their HR department exactly what these provide and whether they need to top it up via an Additional Voluntary Contribution AVC which is tax efficient It s fine that they don t have investment in shares their pension portfolio most likely has a role here anyway and equities can be risky unless you know what you re doing Anna seems to like the belt and braces approach to finances which is no harm with a growing family and lots of bills So a variety of deposit accounts is an ultra safe way to do this It would be no harm to set up another account for the education fund now that the extension is paid for School and college fees are expensive along with

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/meet-anna-browne.aspx (2016-02-16)
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  • David McWilliams explains Quantitative Easing
    makes it easy for the banks to lend by giving the banks all the cash they want and some more in return for collateral on the banks books Awash with cash the banks will have no choice but to lend In all the ECB has said it will inject over 1 trillion into Europe s banks This one trillion euro is potential lending In common language this is a shedload of cash Just to put one trillion in context for you if you were to spend 1 million euros a day it would take you 2739 years to spend one trillion euros So imagine this amount of cash cascading into the economy How will the money cascade into the economy This is where things get tricky because it is by no means certain that the cash will get into peoples pockets In the US for example which has been implementing QE for six years much of the QE liquidity found its way into asset prices driving up stocks bond and real estate The idea was that QE would push up asset prices Inflated asset prices would then make the people who own the assets feel richer they feel good and spend and this spending trickles down to the real economy boosting the income of all of us However the trickle down bit isn t always guaranteed What is certain is that the effect of QE in the US Japan and now in Europe is always an immediate increase in asset prices because all this new liquidity drives down interest rates and pushes up the prices of other assets This excess liquidity drives a wedge between the fair value of the stock and the QE driven value of the stock This creates a dilemma for investors because while QE drives asset prices upwards this upward movement isn t justified by the real economy and ultimately the only way a stock price can increase is if the company s profits rise In the long run this can only happen in a growing economy where demand is buoyant What are the results As a result QE drives this wedge between the underlying value of the stock and the actual price of the stock and this gap needs to be bridged by future growth Therefore gradually QE has to work and drive the economy forward tomorrow if today s immediate market valuations are to be accurate The gap between inflated stock values and fair value is the wedges It is very difficult to assess quite how big this wedge is but it changes the game for investors profoundly One interesting way to visualize this dilemma and see what is happening is to look at this short animation inspired by the Italian shoe designer Salvatore Ferragamo Quantitative Easing is driving up prices For the moment investors in Europe and Ireland don t have to worry about what happens when it is all over because that may be more than a few years away Right now

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/david-mcwilliams-explains-quantitative-easing.aspx (2016-02-16)
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  • What are the investment opportunities in Ireland in 2015?
    to 10 5 in the opening month of the year from 10 6 in December and 12 1 in January 2014 Peak unemployment was 15 1 in February 2012 The unemployment rate remains the key indicator as far as the economy is concerned and steady progress is being made in terms of bringing it down Taoiseach Enda Kenny has targeted getting it below 10 0 this year and if the positive momentum seen in 2014 is maintained then that goal should be realised The cynics will say that this is down to emigration but the economy is creating new jobs with a net 35 000 in 2014 and an increase of 40 000 plus forecast for 2015 So the omens are good that Ireland will once again top the Eurozone growth league table this year Where next for property House prices are obviously a concern especially for those looking to buy a property A lack of supply of houses is clearly pushing up prices particularly in the Dublin area but it is not something that can be rectified overnight However the latest official planning permissions data showed a sharp rise in the third quarter of last year indicating that things may be starting to improve on this front which should help to reduce the increase in house prices over time The new lending restrictions being imposed by the Central Bank are likely to weigh negatively on first time buyers and also help to push down house price growth in 2015 Still the generally improving economic backdrop should sustain the house price recovery in the short term even with credit restrictions Following an average increase of 12 9 in house prices last year an increase of 10 is seen in 2015 with the Dublin price rise set to be in the high to mid teens What s happening in the Eurozone The Irish economy is on course to top the Eurozone growth league table once more this year however overall growth prospects for the region remain quite subdued with years of austerity continuing to impact negatively on consumer demand Combating deflation is now the main concern of the European Central Bank with the most recent consumer price index for the Eurozone showing prices down 0 6 year on year in January Unless there is significant upward movement in inflation over the next twelve to twenty four months then long term market interest rates are likely to remain close to record lows Oil prices of course will be a key driver of inflation in the coming months but a major upward movement in the cost of energy is not anticipated any time soon given over supply and weak global demand As a result Eurozone inflation is unlikely to get back to the European Central Bank s target of just under 2 0 before 2017 at the earliest The outlook for rates Therefore the outlook for rates should remain fairly benign for the immediate future Of course one issue that could put a

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/investment-opportunities-in-ireland-in-2015.aspx (2016-02-16)
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  • Economic and Financial Market Commentary Aug-Sept 2014
    have generally been trimmed to around 7 3 for this year and towards 7 0 for next This is a continuation of a slowing long term trend Desynchronised world growth and particularly the weakness in Chinese activity have presented further challenges and risks to many Asia Pacific Emerging Market countries EM Asia is perhaps most resilient benefiting more from the upturn in US capital equipment and consumer spending Overall Latin American growth is probably at its lowest ebb this cycle and is poised to accelerate through the first half of next year Fixed Income Markets Overview Once again there was little change at the longer end of the US and UK government bond markets Ten year US treasuries began the period at 2 56 and ended September yielding 2 49 while UK gilts eased slightly more The disappointing economic data in Europe caused German yields to decline from 1 16 to 0 95 a trend followed throughout the region both in EU core and peripheral markets After a short reprieve following the summer sell off investors once again reduced positions in corporate credit especially riskier debt Spreads have trended higher in the US as investors concerns have grown over the implications of rising interest rates on a sector seeing ample supply of new issuance but with increasing worries about potential illiquidity Riskier debt includes EM where yields and spreads both blew out over the period In particular the strength of the US dollar led to a major unwinding of carry trades with even the very high yields insufficient to withstand 5 10 dollar moves Focus Ireland Irish government bond yields continued their stunning decline with 10 years falling from 2 21 to 1 65 over the two months Yields were not alone in tumbling being accompanied by spreads against German bunds collapsing from 105 basis points bp to just 70bp Such a decline generated tremendous returns with investors in 10 year seeing a near 5 gain Solid demand is expected at the upcoming auction of 1bn of new 10 year bonds with the yield likely to be down at least 50bp from the previous auction in July While the improving economic fundamentals have certainly helped encourage buyers spreads and yields bear no relationship to fundamentals and ratings and this is all due to implicit ECB support Indeed spreads are back to levels last seen in 2008 just before the financial crash Amazingly 2 year bonds turned negative during September as the ECB cut its main deposit rates deeper into negative territory Markets believe sufficiently in M Draghi s ongoing support that a zero yield on short dated Irish debt is preferable to paying the ECB to hold cash Equity Markets Overview Most equity markets rose over the period with the MSCI ACWI index world index returning 1 3 Performance was fairly diverse with the US at an all time high of 2011 on 18 9 Europe and Japan all ahead by more the 2 5 while the UK EM 2 and Asia Pacific 4 all lost money World index gains accrued mostly during August although volumes were very low during the main holiday month A few days into September markets began to lose momentum and as the month progressed increasingly disappointing economic data and concerns over interest rates caused a jump in market volatility Indeed it now appears increasingly likely that the low volatility QE driven phase which has spurred equity markets for the past 21 months is over a fact already evident in the credit markets As the month wore on there was a noticeable move towards risk reduction with the perceived riskier parts of the equity markets underperforming Large caps and defensive sectors significantly outperformed Focus Ireland The ISEQ index trended similarly to the broad European ex UK indices but by period end had outperformed by around 2 rising nearly 5 over the two months Most of the outperformance occurred in the first half of August as economic data exceeded expectations and economic and earnings forecasts were revised higher The top seven stocks in the ISEQ currently account for some 70 of total market capitalisation and hence dominate index moves CRH remained the largest at nearly 21 but performed much in line with the European indices The key movers over the two months were Bank of Ireland 10 of ISQE market cap which jumped 17 and Ryanair 15 which was up 10 Both produced strong results during the period Property Focus Ireland The Central Dublin office market continues to boom According to a recent Jones Lang LaSalle s report the total amount of capital invested in Irish Commercial Property was higher in the third quarter than any other quarter in history Some 1 15bn was purchased by investors over Q3 taking the aggregate for the year to date to almost 3bn Whilst Q3 returns have yet to be finalised CBRE reported extremely strong rental growth which at month end was up 6 since July and 21 year to date Media headlines continue to report the creation of new funds increased investment in funds and also in property directly with multi million euro properties selling at way over guide prices This is principally the result of minimal development over the past seven years and consequently vacancy rates have plummeted Will it continue Well according to the leading property consultant IPD it will In a September report IPD commented While this stage of the recovery has been brisk historic trends would suggest yields and rents still have some way to go As these are the key drivers of income and capital return further gains may be expected Indeed as the broader Irish economy strengthens investor and occupier demand is likely to remain strong for Dublin offices particularly prime A limited development pipeline means supply for both investor acquisition and occupiers seeking space will remain limited for the next few years So overall further strong returns are forecast and will probably be amongst the highest of any major asset around the

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/morningstar-aug-sept-2014.aspx (2016-02-16)
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  • Irish investors sentiment has reached a 4 year high according to the Rabo Investor Barometer June 2014
    retirement How to apply PRSA fees FAQs The Blog Check it out Open Account Log in Blog RaboDirect Investor Barometer Results June 2014 Submitted by Gina McCrudden Customer Proposition Manager on Monday 07 July 2014 No comments Category Investments Economic sentiment among Irish investors has reached a four year high according to the latest RaboDirect Investor Barometer with 82 of investors saying they are now confident in the outlook for the Irish economy over the next three months This compares with an all time low recorded in 2010 when only 10 of Irish investors expressed confidence in the economy The RaboDirect Investor Barometer results for June 2014 are based on the responses of 504 RaboDirect customers with investment accounts active in June 2014 Tweet Previous post RaboDirect PRO12 Rugby Wrap up Back to Blog Post comment Name Please fill in your name Email address For verification only it will not be published Please fill in your email address Please fill in a valid email address Comment Please fill in a contribution or question Please type in the code shown below Please type in the verification code All comments are moderated and posted live during working hours Need help Why not

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/barometer-june.aspx (2016-02-16)
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  • What's next for the Global Ecomony?
    more sustainable levels The Fed now faces a delicate balancing act It has already begun to scale down or taper its bond buying programme and will likely raise interest rates sometime next year but doesn t want to move too fast out of fear of spooking financial markets The Fed will want to avoid a repeat of the turmoil it caused this time last year when it surprised markets by announcing plans to taper its bond purchases Near zero interest rates and rising house prices along with the weakness of sterling have also been important factors in boosting the U K economy which is forecast to grow 2 5 3 over the next couple of years U K house prices have jumped nearly 10 over the past year and an eye popping 10 000 in the last month alone prompting a warning this week from the Bank of England that tighter limits on how much buyers can borrow could be introduced soon to cool the market Growth of the euro Growth in the euro area is expected to move back into positive territory this year after two consecutive years of contraction albeit to a moderate rate of 1 with only a slightly better performance projected for 2015 Interestingly both Irel and and Germany are forecast to grow about 2 this year while on the other end of the scale Italy is not expected to grow at all Worryingly employment is projected to continue to fall in Spain Italy and Greece The Netherlands a country that until fairly recently was considered part of the core group of countries in the euro area is also expected to register a decline in employment The main risk facing the euro area economy is deflation Market participants are not expecting inflation to move up above 1 per cent for another two years and inflation is anticipated to be still below 1 5 by the end of the decade With inflation running at such low levels the risks of a Japanese style prolonged period of deflation and stagnation are very real As a result the ECB is not expected to raise interest rates from current very low levels until 2016 or 2017 The ECB has convinced investors that it will act as a lender of last resort to support the euro area bond market if necessary The acute phase of the euro debt crisis is over for now But greater trouble is brewing in the form of divergence in unemployment rates for young people between core and peripheral euro area countries which may eventually lead to political crises Focusing on Ireland Focusing on Ireland the past year or so has seen a marked turnaround in the housing market especially in Dublin House prices in Dublin have risen 13 over the past year and inventories of unsold homes are shrinking fast Investment in commercial property has jumped albeit from depressed levels with investors from aboard now accounting for the majority of purchases Finally money has begun to

    Original URL path: https://www.rabodirect.ie/more/media-hub/blog/next-for-the-global-economy.aspx (2016-02-16)
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