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THE OVER 50s SHOW Dublin, October 17-18, 2009

THE OVER 50s SHOW Dublin, October 17-18, 2009. One Year On:  Is Your Great Recession Safety Net in Place? with Jill Kerby of The Sunday Times. THE OVER 50s SHOW.

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THE OVER 50s SHOW Dublin, October 17-18, 2009

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  1. THE OVER 50s SHOW Dublin, October 17-18, 2009 One Year On:  Is Your Great Recession Safety Net in Place? with Jill Kerby of The Sunday Times

  2. THE OVER 50s SHOW • “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” - Henry Ford

  3. THE OVER 50s SHOW “Never expect the people who caused a problem to solve it.” - Albert Einstein

  4. THE OVER 50s SHOW

  5. THE OVER 50s SHOW By September 2009, Ireland’s National Debt/GDP ratio has risen from 25% in ‘07 to… c74%

  6. THE OVER 50s SHOW By September 2009, Ireland’s National Debt had risen from average €37bn since 1998 to €72.5bn in 2008 to… €94.3 bn* *€70.7bn net (www.financedublin.com/debtclock.php) (www.usdebtclock.org)

  7. THE OVER 50s SHOW THE AMERICAN DEBT: 20092008 Budget Deficit: $1.4 tr (€459 bn) National Debt: $11.9tr ($9tr) Unfunded Liabilities* $105 trillion

  8. THE OVER 50s SHOW

  9. THE OVER 50s SHOW • “A recession is a pause in an otherwise healthy, growing economy. A depression is when the economy drops dead.” - Bill Bonner (www.dailyreckoning.com)

  10. THE OVER 50s SHOW Do You Have Your Own Recession Safety Net ?

  11. THE OVER 50s SHOW STEP 1: TAX • Review your taxes • Claim all allowances*

  12. THE OVER 50s SHOW • STEP 2: INSURANCE • Use brokers and websites • Consider shifting health insurance • www.postbank.ie • www.i23.ie; www.chill.ie • www.itsyourmoney.ie; • www.insurancesavings.ie

  13. THE OVER 50s SHOW • STEP 3: SAVINGS - Spread deposit risk - Diversify - Claim DIRT exemption* - Consider private lending *For pensioners under tax thresholds

  14. THE OVER 50s SHOW • Bank deposits Gross returns on €50k, €100k, €250k @ 0.5% 2.5% 5% € 50k €250 €1,250 €2,500 €100k €500 €2,500 €5,000 €250k €1,250 €6,250 €13,750

  15. THE OVER 50s SHOW STEP 4: PROPERTY • Do a valuation • Rent-a-Room • Sell out/transfer • Equity Release

  16. THE OVER 50s SHOW • STEP 5: INVESTMENTS • Review portfolio • Aim to buy great shares at cheap prices • Growth or dividends?

  17. THE OVER 50s SHOW • STEP 5: INVESTMENTS • The greater your age, the lower the risk • Include World Dominators* *Coca Cola, Diageo, Anhauser Busch, Gillette, Colgate-Palmolive, Imperial Tobacco, Tesco, Walmart, Intel, Microsoft, ExxonMobil, BP, Shell GlaxoSmithKline, McDonalds

  18. THE OVER 50s SHOW STEP 6: RETIREMENT - Invest in your Health/Home - Part-time work? Self employment? - Downsize? Live abroad?

  19. THE OVER 50s SHOW Biggest risks to your wealth over the short, medium and long term are: • DEFLATION / STAGFLATION • INFLATION • END OF THE OIL AGE

  20. THE OVER 50s SHOW Inflation is a major risk to cash deposits and pensions…

  21. THE OVER 50s SHOW • Gold coins/bullion • Gold ETF • Gold Certificates • Mining share Gold: The Sweat of the Sun

  22. THE OVER 50s SHOW

  23. THE OVER 50s SHOW Why Gold? • "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safer store of value.” Alan Greenspan

  24. THE OVER 50s SHOW Useful Advisor Contacts • Regulator: 1890-200-469 • Gerard Geraghty & Co., Westport (098 28260) • FDM, Eddie Hobbs, (045 409364) • www.myadviser.ie Michael Kiernan • www.labrokers.ie John Geraghty • healthinsurancesavings.ie Dermot Goode, (6854318) • Vincent Digby, Impartial, (621 7699) • Moneywise Financial Planning, (678 8011) • TAB Tax Services, Sandra Gannon, (676 8633) • Goldcore, Stephen Flood (632 5010) • TDWaterhouse.ie

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