Monthly Archives: June 2011

News of the World: Money Expert on Savings & the Greek Crisis

The problems in Greece are weighing heavy on Europe; the worry is that Greece will be Dracula and suck the lifeblood out of the Euro, or they will go Drachma – returning to their own money. For now, they remain the focal point of almost every financial worry at present worldwide. At we are getting calls from clients on a daily basis who are worried about their savings, wondering if their money is safe, and they ask us what they should do in order to protect themselves.

Irish Independent: Opinion piece on the proprty market

Life doesn’t come with a set timetable, but the cycle of life can be reflected in the reasons for people buying and selling homes. They change jobs and move away, they have families and want bigger homes, they might grow older and downsize, or they die and it’s a probate sale.

Sunday Business Post mentioning

Many Irish investors are guilty of failing to understand fully the risks involved in investment choices, according to Karl Deeter, head of client advice at ‘‘Sometimes the concept of a timeline is lost,” Deeter said. ‘‘People might invest in a medium-term product and are upset when it is down after year one, so they cash out at a loss.” According to Deeter, investors need to strike a balance between giving investments the recommended amount of time to perform and getting out at the right time. ‘‘People tend to hold on to bad investments too long or fail to book their gains when things go well,” he said.

News of the World: Irelands Money Expert on ‘buying houses’

Irrespective of what you may read or hear, there are property transactions occurring. According to the CSO the price drops are about 40% from peak. The amount of mortgage lending may is down 90%, if you are a Rothschild at heart then the adage ‘when there is blood on the streets, buy land’ is ringing in your ears., Irish News of the World’s ‘Money Expert’ on alarms

Sometimes financial decisions are not about saving money, but about spending money to avoid loss. This is what much of insurance is, it is acknowledging a risk and taking a step to mitigate that risk at an appropriate price. In finance fund managers do it all the time and call it a ‘hedge’, which is where the term ‘hedge fund’ came from. Today we are going to take this down to the more simple scenario of protecting your home and looking at the cost of doing this.

Property: Banks are capturing the value of price drops (Independent 10th June 2011)

BENEFITS to first-time buyers from drastic falls in property prices are wiped out by sharp increases in mortgage costs, new research shows. House prices have dived by 40pc since 2007, which means potential buyers would need a much smaller mortgage. But a series of mortgage-rate hikes by all lenders mean that the cost of servicing even a small mortgage has shot up. Mortgage expert Karl Deeter accused banks of capturing most of the gains for potential buyers of lower prices by pushing up mortgage costs.

RTE 1 O’Clock News: ECB rate meeting

We were pleased to feature on the RTE 1 O’Clock news to talk about interest rates and the near term outlook as well as the effects that any change might have on Irish households. Rates remained unchanged at the most recent ECB meeting but that is widely expected to be a short term decision with a rate hike in July expected.

News of the World: on Credit Cards

CREDIT cards can be a godsend and a curse. I have a friend who doesn’t have one, so I used to wonder how he booked flights or bought anything online. Recently I discovered his secret — he just lets his wife put it all on her credit card, clever man.

Irish Examner: on the topic of PRSA’s and the Pension Levy

Director of client advice firm,, Karl Deeter, said that ‘personal retirement savings accounts’ or PRSAs were created in an attempt to get more people to save for their retirement. He said they were billed as a universal solution with fixed fees and low costs, along with flexibility.

TV3 ‘The Morning Show’ on Debt Forgiveness

We were pleased to cover the topic of Debt Forgiveness with Angela Keegan, MD of on ‘The Morning Show, with Sybil & Martin’ on TV3.