Wednesday 1st September 2021
I have reflected a lot since recording my final episode on the podcast. Many of you have commented that there was a good bit of emotion in the episode, and you would be right. I was frustrated. Having worked hard for 3.5 years to build an investment portfolio, I was still so far away from hitting FI.
I’ve spent the last few weeks researching alternative FIRE approaches. Some form of early retirement had to be possible in Ireland - surely early retirement isn’t just reserved for those who live in the US. When I reflect, I tend to go into deep thought about certain things, and this was one of those times. How can it be possible to retire early in the US with no decent state pension scheme and free health care, yet here in Ireland, with access to so much state support, early retirement didn’t seem possible.
50% tax rates make it hard, we know that - but surely with the state pension and free health care from age 70, it is possible to retire early here.
I am pleased to say that I was able to find several alternative FIRE approaches that would work well in Ireland. When Dave G invited me to be a speaker at an online FIRE event I decided it would be a great topic to cover.
I am pleased to announce that I will be giving a presentation on "Early Retirement Made Possible" at an online FIRE event taking place on the evening of the 16th of September.
There is a price of €20 for a ticket, however it will cover four hours of presentations from five different speakers. A recording will be available if you can't make the event in real time.
You can use the promotion code "MIKE50" to get your ticket for half price - only €10.
I won't be profiting from the event myself and giving up my time to speak for free. If you use the link below, then 50% of the ticket sales using this link will be given to an Irish Charity.
I will announce on the blog how much we raise for charity and which charity is selected closer to the event.
I am delighted to announce that I have been invited to take part in Pensions Awareness Week, also happening in September. This is my third time being invited to speak. You can register for the week-long event at the Pensions Awareness Week Website.
|Portfolio Summary (as at 31st August 2021)|
|Monthly Portfolio Growth Report|
|Capital Gain + Dividend Income from Equities||€2,253.14|
|Real Estate Income||€607.98|
The table below shows the breakdown of my portfolio into the various asset classes:
|Portfolio Asset Breakdown (as at 31st August 2021)|