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The Irish housing market has been exposed to rising interest rates following ten consecutive interest-rate increases by the European Central Bank since the first hike in July 2022. The Central Bank of Ireland have calculated that there is €369m as at the end of September 2023 on fixed rates that are due to expire within one year. Due to mortgage fixation this cohort of customers may not yet have been impacted by rising rates and will be exposed to a hike in their repayments and interest when their fixed rate period expires.

The Central Bank of Ireland have calculated as at the end of September 2023 that there is over €10.7bn in mortgages on variable interest rates with many paying over 6%, €369m on fixed rates that are due to expire within one year and €15.4bn on a tracker rate paying 5.50% on average. These statistics show a vast number of customers paying excessive repayments and interest on their mortgages needlessly.

Morgan Housel was asked if he had a hypothetical $1 billon what would he do for his kids (who are still young). Morgan said he would do a few things; firstly healthcare forever, regardless of their circumstances (Morgan lives in the US so this is hugely important).

Robin Powell of the Evidence Based Investor & Financial Journalist Norma Cohen reflect on the iron law of compound interest

Robin Powell of the Evidence Based Investor & Carl Richards (Author & Financial Advisor) on how to prioritise spending on experiences over stuff

Robin Powell of the Evidence Based Investor & Jan-Carl Plagge of Vanguard share some tips for navigating stock market volatility