It’s December again and time to pay up the Irish Capital Gains taxes (if you are an Irish tax resident) for the first period of 2021. If you need more info about it, look at citizensiformation.ie. I have just calculated my due capital gains this weekend and I thought to share some of my tips. I’m not a tax professional, so as always feel free to double check any advice on this blog....
My partner and I managed to buy a rental property with a Buy To Let mortgage in Dublin, Ireland during the Covid-19 pandemic. It took ages though, just going from sales agreed to keys in the hand took over 6 months. In this post I want to describe how the process looked like for us after the seller accepted our offer. You can find a very good article about how this process generally works at citizensinformation website....
I started tracking my net worth at the end of 2018 and since then I updated it about 28 times. It has been very useful to me and in this post I would like to encourage to start doing it too. What is net worth? Net worth can be defined as your assets minus liabilities. Here are some examples of assets: cash stocks house expensive items, e.g. a car, a horse, a boat debts other people have to you And now some examples of liabilities:...
There is no doubt that stocks can be a great investment. Compared to other asset classes they are pretty easy to acquire, there is no need for tens of thousands of euros for a downpayment, they don’t require debt and are very passive. They give us an opportunity to be invested in businesses without having to create those businesses. Last ten years were great for the stock market, even the coronavirus crisis didn’t depress the market for long....
Buying is cheaper than renting Rents in Dublin are quite expensive, especially in South Dublin and close to the city center and they keep increasing. There is a significant difference between what the rents were in 2015 and are now even with the rent control. Renting isn’t necessarily bad - it has its advantages, e.g. you don’t have to worry about the surprise repair costs, you can move easily. But financially in Ireland it’s not the best bet....
Welcome to the second post in the series of evaluating real estate deals. You can see the previous post that discusses what are the sources of return here. Today we will learn how to know if the investment is a good investment looking at its returns. This is not a comprehensive ‘how to analyze deals’ post. People could write whole books on this topic. Instead we will take a look at some basics of investment returns....
Investing in Ireland is hard! I’ve been diving into the topics of investments for Irish residents for quite a while and even though I wished that everything was as simple as in USA, there are some good options here in Ireland. The fact that things are harder, doesn’t mean that you should give up. But you need to do your research. I’m starting this blog, because I’ve been struggling and learning for last couple years and I want to share and continue sharing with you what I’m learning....