Kickoff Sessions #31 Bernard Walsh – How to Improve Your Financial Literacy & Wellbeing
Bernard Walsh is head of pensions and investments at Bank of Ireland Investment Markets. Bernard has worked in pensions and investment-related roles in Bank of Ireland for over 15 years. Before that, he worked with Ulster Bank Markets and Barclays Bank.
Our conversation focused on deconstructing the different elements of pensions and investments. Looking at the benefits of starting a pension scheme, tax advantages and opportunities that comes with this. After which, Bernard and I exchange ideas of investment opportunities for young professionals and how to allocate a certain proportion of your earnings in different market conditions.
Timestamps:
(00:00) Introduction
(02:40) Bernard Walsh's background
(03:35) Principles of financial literacy & wellbeing
(07:29) Contributing towards financial goals/targets
(09:13) Filling the financial knowledge gaps/systematic processes
(13:09) The importance & value of pension funds
(19:06) Managing your pension/default strategy/lifestyle strategy
(22:52) Begin with the end in mind/pension drawdowns
(24:55) Optimal percentage of pension contribution
(27:37) Generating income from different asset classes
(30:34) Pension funds tax criteria
(33:50) Logical & sustainable investing/euro cost averaging/risk & reward
(40:27) Analysing different assets/macro views/ETFs
(44:02) Rebalancing a portfolio/strategy mistakes
(47:44) Resources and information to learn
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