What to do with your money if your bank is pulling out or closing
Updated / Tuesday, 11 May 2021
10:53
John Lowe of Money Doctors
There have been a lot of changes to banking in Ireland in the last few months, and it might be time to reconsider how you re saving your money.
Ulster Bank have given notice to quit Ireland, a their parent Nat West cannot see the justification for their shareholders in maintaining a business that is slowly stagnating. This isn t all their fault – onerous liquidity demands from the Central Bank, recessions, pandemics and other compliance issues did not help.
KBC Bank owned by KBC Group N.V., the second-largest bancassurer in Belgium, has signed a Memorandum of Understanding with Bank of Ireland, essentially selling off their assets (and liabilities) to this banking group.
Scan the banks, but don t dismiss the departees yet rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
What to do if you win the lotto, according to a financial adviser
Updated / Tuesday, 20 Apr 2021
12:49
John Lowe of Money Doctors
So you spent most of the day Zooming at home, you re tired, emotional and in need of a good night’s sleep. Barely had time to eat, two cups of tea and an apple. You then spot your lotto ticket and for the craic check to see if you won anything… the slow realisation comes across your brain… you have just won € 12.7million … YOU HAVE JUST WON € 12.7million!!!
John Lowe of MoneyDoctors.ie takes a look at some of the steps you might take…
Money Mentor: getting prepared for Ulster Bank exit farmersjournal.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmersjournal.ie Daily Mail and Mail on Sunday newspapers.
John Lowe of Money Doctors
Every investor faces the same conflict: how to balance risk and reward. Should you accept a lower return in exchange for peace of mind? Or should you attempt to make your money grow more quickly and face the possibility of losses?
In fact, the best solution to the dilemma is: neither. In this first part, John Lowe of MoneyDoctors.ie will demonstrate the optimum way to build up your wealth:
Set clear objectives - Know where you are going and what you want to achieve.
Diversify - Invest your money in more than one area to combine growth and security.