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Dan Malone

👤 Speaker
488 total appearances

Appearances Over Time

Podcast Appearances

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

Made by someone who is qualified and has no ulterior motive other than providing Irish households with the information that's required to make good financial decisions.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

Correct.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So a lot of what we do on Honest is educational content first, but we believe in matching Irish consumers with the best financial products in the market.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

And part of our business model is that we are partnered with a lot of these fantastic platforms.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So for full disclosure, anytime someone comes on to Honest.ie and they find a product or a platform they want to try out, if they do end up signing up, we do receive a commission for that.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

Yeah, I mean, like I started investing in 2017.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

And I suppose the reason I came about investing was because I was working in financial services at the time, specifically in investments.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So when I was working in PwC, I was working in audits, so specifically in asset and wealth management.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So looking at the financial statements of large investment funds who we would audit their financial statements for them.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So this could be exchange traded funds, mutual funds, these big, big investment managers offering these products to investors.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So that's how I kind of

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

came across the concept of investing in different investment products.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

And from that experience, then I was like, oh, well, maybe I should be doing this myself.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

So I was fortunate in that regard to be exposed to it from a practical experience.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

But I think like what you say there around like, you know, it kind of feels like men are more in tune with investing platforms generally.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

I don't know if I would agree with that.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

I think like the uptake of investing or financial literacy generally among men tends to be higher.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

But I think

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

especially when you look at a lot of the research papers and data around investing, we know that women are actually better investors than men when they do get involved.

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

Well, there's a wonderful lady called Anna Maria Lussardi who did a lot of research around this, and it's been pretty well proven that women have a better temperament for investing and sensible investing than men.