Monday, September 12, 2011
It is likely the case that deposit rates will start to go into a downward move as the ECB drops its odds of raising rates and as banks seek to find margin (which they can do via lower deposits). This contrasts with the massive funding issues the banks are having (and the country for that matter!), but it is still important to see that a guaranteed 4% plus return is possible and on that basis locking away some cash is a good idea. The excerpt is below:
‘‘There is an argument to go out one year at 4 per cent,” said Karl Deeter of advisors.ie. ‘‘Locking it away is the downside. Rates are coming down, but banks might be so deposit-hungry that they keep savings rates up.”
Also filed in Advisors.ie In the Press, Banking, Deposit accounts, Financial Advice, Investment
|
Tagged bank deposits, deposit broker, deposit rates, deposit statistics, irish bank deposit rates, irish deposits, which deposit rate
|
Tuesday, September 6, 2011
high low method of cost accounting, management accounting, accountants in dublin 2, financial advice, financial advisers, financial advisors, accountancy
Monday, September 5, 2011
I think this is a chart that clearly shows the additional work that women are putting in the US economy along with (likely) still doing a larger portion than male counterparts toward child-rearing in terms of time contribution.
Thursday, August 25, 2011
We were delighted to help out again on The Morning Show on TV3 with Martin King & Aisling O’Loughlin who was sitting in for Sybil Mulcahy. We spoke about credit cards and then ran a live twitter personal finance clinic
Also filed in Advisors.ie In the Press, Credit Cards, Debt, Financial Advice, Taxation
|
Tagged aisling o'loughlin, credit, dublin financial adviser, financial advice, karl deeter, martin king, money help, personal finance, the morning show, tv3, twitter clinic
|
We had a piece in today’s Examiner on the topic of Debt Forgiveness, see below: ‘Debt forgiveness’ is an undefined expression, we have no commonly held interpretation of what it is. For that reason the debate rages as to whether it can occur or not; but without definition the argument cannot advance.
On one side you have household name economists and on another you have Fine Gaels Briay Hayes (Minister of State at the Department of Finance) saying it is an impossibility along with most of the banks.
Also filed in ACCA, Advisors.ie In the Press, Debt, Economics, Financial Advice, Mortgages, Taxation
|
Tagged accounting, arrears, debt forgiveness countries, debt forgiveness statitstics, irish debt, list debt forgiveness, mortgage problems
|
Once a month we head over to TV3’s ‘The Morning Show’ to talk with Sybil and Martin about the property and finance markets in an easy to understand manner, this month the topic was NAMA mortgages and household charges.
Also filed in Advisors.ie In the Press, Economics, Investment, Mortgages, Property tax, Taxation
|
Tagged angela keegan, karl deeter, martin king, nama, nama mortgages, sybil mulcahy, the morning show, tv3
|
Dow Jones Industrial Average, S&P 500, NASDAQ: stock markets
Also filed in Banking, Economics, Financial Advice, Investment
|
Tagged dow jones, dublin etf, financial analysis, ireland etf, karl deeter, nasdaq, s&p, short etf
|
Operations manager with Irish Mortgage Brokers, Karl Deeter said banks will claim they are lending but on the ground it’s an “entirely different story”. “They don’t want to know except where you are a public sector worker or the type of person who banks would always lend to anyway,” he said. “With figures showing that 80% of mortgage applications are being rejected, it puts the banks in the enviable position of being able to cherry-pick only the best applications, declining even cases that fit criteria but are marginal. “This is contrary to giving the taxpayer back a return on our national investment because they need to lend to make profit, but equally, our pillar banks are charging artificially low rates versus the rest of the market, so not only are they cherry-picking but there is an implicit subsidy being paid to those who borrow via taxpayers who fund the banks. It’s a crazy set-up,” he added.
Also filed in Accountant, Advisors.ie In the Press, Banking, Debt, Mortgages
|
Tagged bank lending, banking figures 2011, brokers, credit growth, first time buyers, irish banks, loan origination, mortgage statistics, property
|
Our thoughts on Debt Forgiveness have been a source of debate and while we accept that there are cons to the idea there are also sound reasons.
The Independent looked at this topic today and mentioned Karl Deeter in the piece
Mortgages with a total value of €1.3bn were now in arrears of three months or more. This represents 16pc of its €7.8bn buy-to-let mortgage book — up from 10pc in December. Low rents and difficulties finding tenants mean many buy-to-let investors lost money on their properties, director of Irish Mortgage Brokers Karl Deeter said.
Also filed in Advisors.ie In the Press, Banking, Economics, Investment, Mortgages, property tax, Property tax, Savings, Section 23
|
Tagged bank owned property, bank repo, distressed seller, forced sale, liquidation sales, repossession, vendors in liquidation
|
