Wednesday, April 22, 2009

Blogger Interview - Killian Nolan

What is the best business/investment decision you ever made?

Investing in an Equity SSIA. I'm still amazed at the amount of people that did not take up the offer.

What kind of car do you drive?

A very old BMW 520

What is the worst financial advice that you ever received?

Buy AIB shares at €18. Great Company and with a dividend of 5% you can't loose !!

Do you own property abroad?


How does the economic slowdown effect you?

From a business point of view we continue to do well and the current environment has probably helped us a little as we are the only triple A rated bank in Ireland. On a personnel basis money is a little tighter and I'm more comfortable to hold onto any cash I have as opposed to making any big purchases.

Do you contribute to a pension plan?


What's your favourite film of all time?

Life of Brian

Have you ever won money?

Won some money on the Grand National as a student but still waiting for the prize bonds to pay out !

Do you own your own home?

Yes (but still have a decent mortgage)

Do you invest directly in the stock market, through funds or both?

What is your preferred method/system of saving (Deposits, Funds,
Shares, Property)?

Regular investing into equity funds. Smoothes out the peaks and the troughs.

What financial product/s do you consider to be bad value for money?

Annuities - you invest in a pension for 30 years, retire, buy an annuity and then you get hit by a bus. Money gone.

ARF's and ARMF's are a better deal.

Do you trust your bank?

Yes, but I do keep an eye on things.

Killian Nolan is Investment Manager with RaboDirect

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