Finance Ireland Share Discussion Threads

[orinocor] 17/7/2022 14:49

Takeover offer at E4.225

I don't believe it. Anyone else here?

[waldron] 04/7/2022 14:12

[NativeRiver]

[adrian j boris] 04/12/2021 09:14

Criticism

Some critics allege that the FIRE movement "is only for the rich",[24] pointing to the difficulties of achieving the high savings rates needed for FIRE on a low income.

Another common criticism is that the FIRE movement is composed only of white "tech bros", a notion that highlights the fact that men are overrepresented in media coverage of the FIRE movement.

A New York Times story focused on the women and women of color in the FIRE movement. It highlighted Kiersten Saunders and called Tanja Hester, author of the book Work Optional, "the matriarch of the FIRE women."

Paula Pant, host of the Afford Anything podcast, and Jamila Souffrant, host of the Journey to Launch podcast, are also prominent women of color in the FIRE movement.


Finally, some argue that early retirees are not saving enough for early retirement and the many unknowns that come with a longer time period.

Because the retirement phase of FIRE could potentially last 70 years, critics say that it is inappropriate to apply the 4% rule, which was developed for a traditional retirement timeframe of 30 years.

For that reason, Hester and economist Karsten Jeske argue for a safer withdrawal rate of 3.5% or less, which means saving 30-40 times one's annual spending instead of 25 times if the goal is to retire completely and never earn money again.

[gibbs1] 20/11/2021 11:03

History

The main ideas behind the FIRE movement originate from the 1992 best-selling book Your Money or Your Life written by Vicki Robin and Joe Dominguez,[11][12] as well as the 2010 book Early Retirement Extreme by Jacob Lund Fisker.[13] These works provide the basic template of combining a lifestyle of simple living with income from investments to achieve financial independence. In particular, the latter book describes the relationship between savings rate and time to retirement, which allows individuals to quickly project their retirement date given an assumed level of income and expenses.

The Mr. Money Mustache blog, which started in 2011, is an influential voice that generated interest in the idea of achieving early retirement through frugality and helped popularize the FIRE movement.


A Notable contributor to this movement includes Financial Freedom author Grant Sabatier, who works closely with Vicki Robin and popularized the idea of side hustling as a path to accelerate financial independence.

In 2018, the FIRE movement received significant coverage by traditional mainstream media outlets.


According to a survey conducted by the Harris Poll later that year, 11% of wealthier Americans aged 45 and older have heard of the FIRE movement by name while another 26% are aware of the concept.

2020 saw the introduction of dating sites and blogs dedicated to bringing partners that share the FIRE lifestyle together.

[waldron] 29/8/2021 17:14

THANKS FIRTASHIA

Appreciated

[firtashia] 29/8/2021 17:05

Some interesting info about FIRE on the “monevatorR21; blog if you’ve not come across the site already.

[misca2] 29/8/2021 16:00

How the Pandemic Changed the FIRE Movement
John Csiszar
August 18, 2021·3 min read
rawpixel / unsplash.com
rawpixel / unsplash.com

The idea of early retirement had been a dream for many Americans long before it evolved into the FIRE movement. But with the growing influence of social media and the ability of workers to operate remotely, the FIRE movement has sparked a renewed effort to retire early, particularly among millennials. However, as with most things in daily life, the pandemic has had a major effect on the FIRE movement. Read on to learn more about what the FIRE movement is and how adherents have had to adjust during the pandemic.

Check Out: Comparing and Contrasting the FIRE Movement With ‘Lying Flat’
Debt-Free Future: Tips for Adapting To a FIRE Lifestyle
What Is the FIRE Movement?

FIRE is an acronym for “Financial Independence, Retire Early.” And while the dream of early retirement is nothing new, the FIRE movement highlights a variety of steps that participants can take to make early retirement a reality.

One of the core components of the FIRE movement is to save 50% or even more of your income to accelerate your retirement date. It also involves trimming down your lifestyle and making current sacrifices so that you can enjoy the long-term benefit of an early retirement.

Read More: 10 Myths About Early Retirement
Find Out: The Downsides of Retirement That Nobody Talks About
How Has the Pandemic Hurt the FIRE Movement?

The skyrocketing unemployment rate, stay-at-home orders and business closures that accompanied the coronavirus pandemic all worked to conspire against the FIRE movement.

Since saving a high percentage of your income is an important stepping stone to retiring early, those who lost jobs or had to reduce working hours during the pandemic may have set their early retirement plan back by years.

Read: 10 Tips for Early Retirement

Many who work from home or operate online businesses suffered as consumers went into savings mode rather than spending mode.

And those already beginning their early retirement adventure may have been spooked out of the stock market, which suffered its fastest 30% decline in history in 2020. FIRE adherents who sold during this rapid, massive sell-off missed the equally violent recovery, which at just 33 days was the shortest bear market in S&P 500 history. FIRE proponents who panicked during the sell-off may have permanently crippled their early retirement nest egg.

[hectorp] 15/3/2009 19:36

Latest Firefox is brilliantly quick. Not going back to Explorer. Explorers are great, as was Captain Scott and Shackleton.. open boat for 12 weeks... brrr.
Go for the Firefoxd, it is astounding ( to me).

[blue god] 16/6/2008 11:40

Still a fair bit of buying going on here - it ain't over until....

[blue god] 12/6/2008 11:32

Well - all of yesterdays SELLS almost covered.

Online BUY at 1.5.

Should see some action on any more buys.

[safman] 12/6/2008 08:18

RNS Number : 1496V
Finance Ireland PLC
23 May 2008



23 May 2008

Finance Ireland PLC
Proposed Delisting from AIM

Finance Ireland PLC (the "Company") announces that it intends to seek the approval of
shareholders to de-list its ordinary shares on AIM
and IEX.

In February 2008, the Company announced its temporary withdrawal from the Lifetime
Mortgage business due to ongoing difficulties in the
mortgage securitisation and wholesale funding markets. In response, the Company has
dramatically reduced its overhead costs to a level
commensurate with the ongoing management of its Lifetime Mortgage and

[blue god] 12/6/2008 08:17

Surely there must be some interest from outside parties ?

[jim_black] 12/6/2008 08:02

Whats going on here. NAV is 17 cents, thats 13 pence!

[blue god] 12/6/2008 07:45

50k Buy now showing.

Any more, and yesterdays sells will be covered.

Not over yet?

[blue god] 12/6/2008 07:25

Online buy price at 1.2

Looks like a small sell at premium to touch price

Could still get interesting over the next 3 weeks

[blue god] 11/6/2008 19:11

FINANCE IRELAND.

Shares = 18mln - current market cap = £250,000.

From Last Accounts
Shareholder funds = Euro15.7 million.
Total assets increased by 40% to just under Euro68 million.
Net assets of 17 cent per share.

Surely, with such a minimal capitalisation at present, there will be some interest from third parites before the proposed delisting next month.

DYOR.