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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

They tend to actively trade less, which is better for long-term results.

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

They

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

tend to have much more control over making rational, non-emotion decisions.

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

Whereas with men, I think we kind of get the urge and the temptation to try and bet the firm on something that might not be sensible or try to get rich quick.

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

I know, I know.

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

And it's, I think, you know, for me, I think it boils down to a confidence thing.

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

But actually, when you strip it back, it's nearly more important that women are investing than men because, you know, women live longer on average.

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

Women are more likely to be in part-time work for longer periods of time in their career.

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

So when you look at all of that, especially the life expectancy, you know, from a mathematical perspective, if you live longer, you need to have more financial resources to fund your lifestyle.

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

Yeah.

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

So for that reason, we should be encouraging women to be investing early, as early as possible.

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

Yeah, so the online ecosystem in Ireland has really developed over the last, I'd say, five to 10 years.

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

Historically, you'd be looking at something like Davey or GoodBuddy, some of the more traditional brokers if you wanted to get involved in the financial markets.

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

Nowadays, similar to what we have in savings, we have a lot of European brokers

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

financial technology companies or fintechs coming and offering their products here in Ireland.

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

The likes of Revolut and the neobanks and things like that.

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

But specifically from an investing perspective, you're kind of looking at players like Trading 212, Trade Republic, De Giro,

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

Lightyear, Interactive Brokers, IG, and then the neobanks themselves, Revolut, Bunk and N26 all have investing functionality built into their apps too.

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

So there's a ton of options.

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

And really, I think as a beginner, when you're faced with all of those options, you're kind of wondering to yourself, what one's best for me?