I am a writer from Dublin, Ireland. I am very interested in the stock market, my dad invested his pension into stocks over the last 30 plus years and has been hit pretty bad from the recession, especially he invested most of his stocks in the Irish stock market, which I believe was in the bottom 3 performing stock markets of 2008.

I think about 50% of the value was wiped out in 2008 alone, he was recommended by some investors to put more of his money in banking stocks, if you don’t know already, Ireland has a shambolic banking system, banks were lending money for over valued land, and giving mortgagees out like confetti to young Celtic tiger boomers, little did they know, they were playing Russian roulette with their money, investing in property that has slumped by anything from 20 to 30% since the peak around February 2007, and will be as much as 45% below the peak by 2011 in Ireland.
O.K so what does this mean in terms for the people in Ireland, well put it this way, the vast majority of property owners have borrowed too much in the Celtic boom, not only this Ireland’s lack of competitiveness is causing a massive loss in jobs, this has been cause by rapid wage increases, from people claiming to build the countries Celtic utopia Ireland has the most BMW’s per head of population in Europe, Ireland now feels like that its fallen off a steep cliff to economic despair for many.

The thing is things are not too bad in the 4th highest paid country in the world, as reported on RTE news on the 19th of August.

O.K so the basis of this site is to give information in an open fun way, and hopefully help people with some stock background, I am looking for writers too, so anybody interested, please contact me on comments.