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Tuesday, 10th October 2017

John Smiles

Qualified Financial Advisor

What is

Currency Hedging?

Currency movements can have important effects on the return of unhedged foreign investments. For a Eurozone investor, currency returns are positive and increase the returns of unhedged foreign investments when the euro weakens. When the euro strengthens, currency returns are negative.

In 2014, the euro fell by about 7% against the pound sterling. This fall increased the returns of unhedged sterling-denominated investments held by Eurozone investors. Since June 2016, the pound sterling has fallen by 14% against the euro which has reduced the value of unhedged sterling-denominated investments held by Eurozone investors. Many investors, concerned by the impact of such currency movements on their investment returns, ask about the merits of hedging currency exposure within the international component of their portfolio.

Currency volatility is common and from 1974–2014, annualised currency returns, relative to a basket of developed

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Tuesday, 10th October 2017

The Waterford Local Enterprise Office has announced a brand new training programme schedule for autumn.

The LEO in Waterford delivers a comprehensive range of business training programmes across the city and the county, designed specifically for small businesses.

Included in the autumn programme are courses in starting your own business, an introduction to franchising, product merchandising, starting your own online business, book-keeping, training in how to use online revenue services, social media training for Facebook, LinkedIn, Twitter and YouTube along with social media marketing and specialist courses in social media for the food, drink and hospitality industry. A range of courses is also on offer in the area of business development and online development.

According to Richie Walsh, Head of Enterprise "Our training programmes are subsidised, making them very affordable. Group sizes are small and courses are practical and geared specifically towards owners

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Tuesday, 10th October 2017

Competition opens for applications on Wednesday 11 October

A total of €500,000 in start-up funding will be available from Enterprise Ireland when a new Competitive Start Fund (CSF) competition targeted at Experienced Business Professionals opens for applications on Wednesday 11 October 2017.

This CSF is directed at mature and highly experienced business professionals with 25 years or more of relevant business experience in Ireland or abroad, of which at least 10 years should be at a senior or leadership level.

Up to 10 successful applicants will receive high-level business development support and an investment of up to €50,000 each. Enterprise Ireland’s CSF is designed to accelerate the growth of start-ups and enable companies to reach key commercial and technical milestones.

As well as securing up to €50k in funding, the successful applicants will have the opportunity to participate in a business development programme. Delivered

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Wednesday, 4th October 2017

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Wednesday, 4th October 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

It’s "Oh So Quiet!"

"Sssh, sssh, it’s oh so quiet....sssh, sssh and so peaceful until..." are the words from the first verse of that wonderfully weird, Icelandic singer Bjork’s, 1995 song. A year I remember very, very well. This was the year I would marry an Irish lassie and through the fickle fate of fortune, ultimately end up living here, in Waterford City. Settling with my young family, in January 2001 and I have no intention of moving on.

My during my time to date in Waterford there have been a number of issues constantly courting media attention. Cementing Waterford City as the economic gateway to the South East. Delivering University status for the WIT and not may I add to this argument not a fudged "Technological" status. The full Scotch Bonnet chilli version, with ALL the associated

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Wednesday, 4th October 2017

John Smiles

Qualified Financial Advisor

What do

Financial Brokers do?

Financial Brokers provide financial advice and guidance to customers and it’s usually called financial planning. The term financial planning can cover a multitude of activities and tasks but when Financial Brokers speak about financial planning they mean something very specific indeed. Financial planning for them is working with their clients to understand the client’s financial needs, goals and desires and then putting in place a plan to address those issues.

The process begins by learning about you and getting a picture of where you stand financially. It means looking forward and taking into account future events and goals such as retirement and children’s education. There are certain events that might occur that will make those goals unachievable such as death, illness, loss of a job etc. A financial broker will set out ways that you

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Wednesday, 4th October 2017

Collaboration is key was the clear message at the launch of Waterford Chamber’s Regional Leaders Programme at Faithlegg House Hotel. Supported by Bausch + Lomb and Waterford Chamber Skillnet, the programme is designed to develop business leaders for the future through mentorship and skills sharing and is aimed at professionals who want to develop their leadership skills or for companies who would like to increase the capacity of their internal talent pool to ensure the next generation of their company is in safe hands.

Addressing the mentors and participants at the launch, Waterford City & County Council CEO Michael Walsh, himself a mentor on the programme, said: "Life experience is ultimately what adds value to a programme like this. No one of us is the fountain of wisdom in any respect. What we have is a set of life experiences and

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Wednesday, 27th September 2017

Michael Garland,

bizBoost Chair,

Waterford Business Group

What if your Local Property Tax was to go up?

"Well boi", it’s that time of year once again! Behind the closed, locked doors of City Hall and Dungarvan Civic Offices, our 32 Councillors will be, should be, fiddling with their calculators. (This is not a euphemism!) They’re deciding the Waterford City and County budget for 2018. But just what might this mean for you, the reader?

The actual process of passing and approving a "Balanced budget" is rather strange. As there is so much of the Executives’ budget that is quite literally "Untouchable". In fact our Councillors can only change, alter or influence a rather small percentage of a much larger circa €130,000,000 budget. With the Lansdowne-Haddington-kick-the-can-down-the-Road agreements coming on stream, we could see pressure being heaped on our Council to contribute more to budgetary areas. Expected

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Wednesday, 27th September 2017

John Smiles

Qualified Financial Advisor

Investment opportunities in the electric vehicle revolution

The electric vehicle [EV] industry continues to grow with much publicity surrounding the launch of new models from electric car makers. Is all the hype justified and what does the future hold for the electric vehicle industry?

There were more than 2 million electric cars on the world’s roads at the end of 2016. Popularity of electric vehicles continues to grow with the UK motor trade claiming sales were up by 23% last year. The TESLA Model 3, an "entry level" model, which will go into production later this year, has already received nearly 400,000 pre-orders with a starting price of US$35,000.

In an attempt to deal with the biggest obstacle to buying electric, the short distance between charges, the UK Government announced a new Bill to require motorway services and petrol stations

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Wednesday, 27th September 2017

The private rental sector is being destroyed by stealth due to the unnecessarily and complex legislation surrounding it, more of which was announced by Minister Murphy.

That is the stark message from the national landlords' representative body, the Irish Property Owners Association (IPOA). Chairman Stephen Faughnan slammed the continual attacks made on the owners of private rental accommodation. He laid out the reality of being a landlord today, citing a huge volume of complicated legislation which effectively gives tenants all the rights and puts landlords "on the back foot" whenever housing is on the agenda.

The proposed restriction of a deposit to one month represents a gross violation of property rights and further dilutes protection for the private sector landlord who is already under severe pressure by a series of ill-thought out Government actions. Talking to Members of the Irish Property Owners

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    A Paper AnniversaryAs he has been in high profile politics for such a long time, it is hard to think that Leo Varadkar has just celebrated his first year as Taoiseach. Over the last decade, there has hardly been a time when the man hasn't been out of the headlines for one reason or another. But it is his role as Taoiseach which has cemented his position in Irish history.Of course such an anniversary didn't go past uncommented and he was given a rough ride in the Dail when the subject came up. As mu …

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