All Blog Articles
December 2021 Portfolio Update
Tuesday, 4th January 2022
From my own financial point of view, 2021 was a great year. I added €54,000 to my portfolio and my portfolio grew from around €125k at the start of the year to just over €220k. Far better than I could ever have imagined. However, I am also well aware that we now face a sharemarket that is showing signs of being overvalued and house prices in Ireland have increased over 10% in the last 12 months.
Read MoreNovember 2021 Portfolio Update
Wednesday, 1st December 2021
We know the ultimate goal is to become financially independent, but I started to ask myself, why am I trying to do this. What is the thing that I am actually looking to change? The answer was that I wanted to make work optional.
Read MoreOctober 2021 Portfolio Update
Wednesday, 3rd November 2021
My earning potential has never been better as a software developer and I am in the age in my life where my experience is highly desired, without being considered “too old” - yet part of me is considering moving back to part time.
Read MoreSeptember 2021 Portfolio Update
Friday, 1st October 2021
Last month I gave my presentation titled "Early Retirement Made Possible". I love presenting and I always find I learn so much about my own journey when I need to prepare for a presentation. Up until recently I've been frustrated with FIRE because I felt that to follow the 4% rule was so difficult in Ireland, largely due to the high tax rates. Yes, we can push everything into our pension, but that then rules out early retirement, with no option to retire in our 30's or 40's. It wasn't until I dug a little deeper, that I realised that perhaps we don't need to apply the 4% rule so strictly in Ireland.
Read MoreAugust 2021 Portfolio Update
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.
Read MoreProperty Route VS Pension Route - Lets put the debate to bed!
Wednesday, 4th August 2021
This debate is somewhat unique to Ireland. We are a country with 50% tax rates that kick in pretty early on in one’s personal income, but we also have exceptionally generous pension schemes - especially if you are self employed. In this article, I explore the concept of investing in property personally VS investing in a pension, to work out the fastest way to become FI in Ireland.
Read MoreJuly 2021 Portfolio Update
Monday, 2nd August 2021
I often look back on my early investing mistakes with regret. Yes, I have learned from so many mistakes and I am now in a far better investor mindset, but the cost of the lesson has been significant. In 2018 I invested around €36,000. Of that, €6,000 went into my pension and €30,000 went into high risk investments. Had the full €36,000 been invested in my pension in a US Indexed Fund, I would be a long way ahead today than I currently am - highlighting the cost of my mistakes in the past.
Read MoreJune 2021 Portfolio Update
Sunday, 4th July 2021
I recently posted a poll in the Limerick FI group asking what age they planned to retire. It was interesting to see that even in a group of people who were specifically looking to retire early, half planned to be at least in their 50’s before they retired. The reality of living in Ireland, is that because ultising a pension is the most tax efficient way for us to retire and given we can’t access the money until we are in our 50's, it is likely that for most of us, early retirement in Ireland means retiring in your 50’s at the earlist.
Read MoreMay 2021 Portfolio Update
Monday, 7th June 2021
I have mentioned a few times on the podcast that I was holding 1% of my portfolio as Bitcoin. I decided to sell my Bitcoin in early May. I got a little bit lucky, I sold out when Bitcoin was just over $50k, and it since has dropped in value. I made a small loss selling out in May, but I was up overall for the year. There were several reasons for my decision, but my main reason is that I think fundamentally Bitcoin is a Ponzi-Scheme.
Read MoreApril 2021 Portfolio Update
Monday, 3rd May 2021
I turned 37 in April. As I blew out my birthday candles, I released I had nothing to wish for - I had everything I needed and was content with my life. Contentment is an important aspect of the FIRE movement, and one which is often not mentioned. Often when blogging and podcasting, it is easy to focus on the exciting things about trying to become financially independent... in truth, 90% of the FIRE movement is simply good old fashioned hard work.
Read MoreMarch 2021 Portfolio Update
Sunday, 11th April 2021
I have often moaned on the podcast that I no longer enjoy being a freelance software developer. On reflection recently, I felt this was unfair. I enjoy 80% of what I do, it was just the 20% of my work that was making me unhappy. I decided that I was going to keep the freelancing clients that made me happy - keeping the clients that I liked working with and where I enjoyed the coding side of their projects.
Read MoreFebruary 2021 Portfolio Update
Thursday, 4th March 2021
February was a volatile month! We saw some record market prices, with the S&P 500 and Bitcoin both hitting record highs. We saw a small correction on the last day of February, but overall asset prices are rocketing - which is likely a reaction to the share amount of cash which is being printed by governments at the moment.
Read MoreJanuary 2021 Portfolio Update
Thursday, 4th February 2021
From 2021 I will be providing monthly updates on the portfolio and passive income. Get a full update on my portfolio and passive income for January 2021.
Read MoreTailoring your FIRE journey to your lifestyle
Saturday, 19th October 2019
There’s no denying that the FIRE movement is gaining popularity around the world, but it’s important to keep in mind that what works in one country, may not work for them all. Here are a few tips to apply your FIRE journey in Ireland to your lifestyle.
Read MoreReview of my first full year of investing - 2018
Thursday, 25th April 2019
This article is going to look back on the last 12 months and share my investing experience. Investing should be simple, but when it's your first time around it seems so much more complicated.
Read MoreStop trying to pay your mortgage off faster
Tuesday, 20th November 2018
Recently, I spoke to a friend who had been to an event focusing on tips to help pay off your mortgage earlier. The first thing I thought was, why would you want to worry about paying off your mortgage faster? Read about why I think your better to invest the extra cash.
Read MoreWhat's so scary about investing?
Sunday, 4th November 2018
Are you afraid to start investing? This article takes a look at what it takes to make that initial investment and take the leap to become an investor.
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