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Wednesday, 28th February 2018

John Smiles

Qualified Financial Advisor

Can global banks unwind quantative easing safely?

Central banks face a huge challenge in successfully weaning the world off ultra-accommodative monetary policy and reducing the sizes of their balance sheets. Their actions helped calm the waters during the storm that was the Great Financial Crisis 2008/2009 [GFC].

Initially they cut interest rates dramatically, to below zero eventually in some cases. They also collectively spent the equivalent of more than $10 trillion on bonds through QE. A key question now is, can they turn off the taps of cheap-money and safely unwind those holdings without precipitating a disorderly sell-off in fixed income markets?

The actions taken so far have been modest and the markets’ reaction has, for the most part, been orderly.

A slow normalisation of interest rates has already begun. The US Federal Reserve (Fed) has increased rates five times in

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Wednesday, 28th February 2018

Bromley walk, ardkeen village, waterford

Sherry FitzGerald John Rohan are delighted to introduce to the market this exceptional four bed detached family home on a particularly generous site overlooking a large green in the popular residential estate of Ardkeen Village, Waterford.

This beautiful home is conveniently located just a few minutes walk to Tesco, Ardkeen Stores and University Hospital Waterford. Waterford City Centre is only a 5 minute drive away with a choice of excellent schools nearby and regular bus service adjacent .

The property has been extremely well maintained throughout with manicured lawns, deck, mature trees, upgraded PVC double glazed windows, facia and soffit and gas fired central heating.

Accommodation comprises entrance hallway, sitting room, open plan kitchen/dining room, lounge, utility, downstairs WC, TV room. First floor comprises 4 bedrooms, main en-suite and bathroom.

BER Rating: C1 BER No: 101676625 Energy Performance Indicator: 172.06

For

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Wednesday, 28th February 2018

The soaring cost of rent as seen in the latest Daft.ie report coupled with a shortage of supply in Waterford City and County is a major concern for local Focus Ireland Manager David Niblock.

In Waterford City, the increase in rents was 12.1% during the year to December 2017, up to an average of €835. A one bedroom apartment in Waterford City now costs an average of €626 per month, up over 13% in a year. There were 3,143 properties available to rent nationwide on February 1. This is the lowest number ever recorded for this time of year since the series started in 2006.

Focus Ireland has called for more urgent Government action to tackle rocketing rents as the new Daft report shows rents have shot up to a new all-time record of €1,227 per month nationally, the seventh quarter in

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Wednesday, 21st February 2018

Michael Garland,

bizBoost Chair,

Waterford Business Group "Fingers, toes and everything else crossed!"

With much pomp and ceremony, the National

Development Plan (NDP) was unveiled last Friday. Launched in Sligo, after an out-of-town cabinet meeting, in front of the usual media suspects, Leo’s future plans for the Island of Ireland, would be the defining document of his first term in office - his Guggenheim.

It certainly is a meaty document, running to over 100 pages, available to download from official and unofficial sources. I managed to download my copy from http://www.per.gov.ie and a quick scan through all 109 pages, had me thinking "Just what’s in there for Waterford?"

Social media, national and local press, captured the main headlines surrounding Waterford’s biggest game changer in years. The North Quays’ regeneration - our Renaissance. The demolition of all the derelict buildings is nearly complete and our

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Wednesday, 21st February 2018

John Smiles

Qualified Financial Advisor

Why is passive overtaking active?

Historically, our investment decisions have been entrusted to a stock picker or active investment manager. For several decades, active management has been losing ground to the passive investing approach – funds which invest in an index to cover an entire market.

Not only does this approach offer diversification, the rise of passive has opened up markets that were previously unreachable. There are now indexed funds or ETFs for every type of asset.

The advantages of passive investing are cost and performance. It is typically much cheaper to track an index than it is to employ portfolio managers with the skills to outperform, or potentially outperform.

Analysis of reports in major markets that compare the performance of active investors to passive indices show in the majority of markets, most of the time, indices can offer top quartile

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Wednesday, 21st February 2018

The Construction Industry Federation has welcomed the €115 billion investment in infrastructure announced by Government last week as a ‘potential gamechanger’ for the southern region. The announcement was made as part of the government’s ten-year public capital programme and National Planning Framework.

Regional CIF Director, Conor O'Connell stated that; "This announcement could represent a game-changer for the southern region and for the Irish economy. Cities like Cork, Limerick and Waterford and our regional towns can be developed into a dynamic regional economy in the south that can counter-balance the irish economy’s overdependence on the greater Dublin area. The construction industry in the region has significant capacity to deliver the essential housing, infrastructure and specialist buildings underpinning the ambition outlined in the National Planning Framework.

The €115billion outlined today will give construction companies in the region the confidence to invest in their businesses

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Wednesday, 14th February 2018

Michael Garland,

bizBoost Chair,

Waterford Business Group

"God’s Golden Acre"

I try to get to at least one "Six Nations" rugby match each year. It’s an excuse to catch up with old friends, have a few beers, sample one or two new malts, enjoy some great rugby and reminisce about the old times, when we all lived in London.

This year, I was lucky enough to get tickets for the Scotland v France match, which was of course played at Murrayfield, a ground which my Father referred to as "God’s Golden Acre".

A visit to the home of Scottish rugby is in fact much more than a sporting occasion for me. My father’s ashes were spread on the try line, under the goal post, at the "Old clock" terrace end of the ground, a spot where my father introduced me to the hard men in blue.

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Wednesday, 14th February 2018

‘Living Cities’ Bill aims to bring life back to city and town centres 5,194 vacant houses in County Waterford in 2018, according to CSO The Green Party have called on the Government to tackle the vacancy and dereliction rates in Waterford, as they launched their Living Cities Bill 2017, aimed at bringing life back to city and town centres, discourage land hoarding, and tackle dereliction and vacancy.

Speaking today, Senator Grace O'Sullivan said: "It is absolute madness that we have a situation in Ireland where we have 27 empty homes for every one person in emergency accommodation. We also have significant issues with dereliction, and land hoarding by developers. This needs to change quickly.

"We have 5,194 empty houses here in Waterford County, with 198,358 empty nationwide, according to the CSO. This number doesn’t include derelict buildings, and doesn’t measure the potential

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Wednesday, 14th February 2018

John Smiles

Qualified Financial Advisor

Pension auto-enrolment - does it work?

Last September, in a speech to the employer's group IBEC, Leo Varadkar announced the centrepiece of the upcoming national pension plan – "auto-enrolment". He told the audience that two-thirds of private sector workers in Ireland have no pension and warned that the time bomb must be addressed now.

In the UK, the Pensions Policy Institute (PPI) has published a briefing note on the impact of auto-enrolment on younger people and future generations. The briefing note highlights the change in participation brought about by automatic enrolment, and uses case study projections to consider the types of outcomes for individuals.

Approximately 11 million people make up the 'target group' of savers who are supposed to benefit in some way from auto-enrolment. Of those, 40% are millennials, born between 1982 and 1995.

Savings data for eligible employees suggests

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Thursday, 8th February 2018

There are no certainties in life except for death and taxes. Benjamin Franklin said that a couple of hundred years ago and was right on the money – pardon the pun. Another certainty in life that can be added is – trash. There is a never ending battle to reduce trash. Strangely enough there is also a never ending battle to increase taxes.

The need by councils to impose a tax on a utility smacks of plain greed. But if you looked deeper into the reasoning you will not be surprised to know why. How many councils and governments have sold off their utilities? Sold of the energy business – gas and electric, sold off the water supply. So you now need to be taxed on what was a one of charge before. We call that double dipping.

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Letters to the Editor

  • Children in the womb deserve b...

    The Government wants us to vote "yes" in the abortion referendum in order to delete unborn children's right to life and allow abortion on demand in the first 12 weeks of pregnancy. Abortion campaigners claim that there is no human being yet alive by this point. That's why they think abortion on demand is permissible.They are completely wrong. By 12 weeks the baby in the womb has a beating heart, can swallow and yawn, can kick, stretch and jump, has arms, legs, fingers and toes, has fingernails and hair, h …

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