Short answer is because I don't know anything about them and haven't got much trust in financial advisors having been badly advised before. Tell me more.
why not invest in a basket of REITs to avoid exposure to a single property or a single region (and the hassle of being a landlord)?
Question is where or what you buy. I live in Dublin and was thinking either a 3bed semi in the burbs or a 1 bed apartment in a more central location, price and rental income in both looks similar.
Short answer is because I don't know anything about them and haven't got much trust in financial advisors having been badly advised before.
REITS are expensive and a lot of people have questioned whether they are worth the expense.
Steven
www.bluewaterfp.ie
Short answer is because I don't know anything about them and haven't got much trust in financial advisors having been badly advised before.
Who?
"REITs are expensive"? That's way too sweeping a statement.
As far as investments go I would suggest investing in property is not necessarily high risk.
A classic case of the Irish obsession with property.
So what, us Irish are also obsessed with drinking tea and having our fry up on a weekend morning, nothing wrong with our cultural attributes, Maybe it has something to do with the fact that property is a solid tangible investment and of course don't forget property ownership is deeply ingrained in the Irish psyche so our obsession with it is here to stay whether we like it or not.
As far as investments go I would suggest investing in property is not necessarily high risk. It depends where you buy, what you buy, when you buy.
Its probably a judgement call on the part of the investor as to whether investing in property will pay off. a 3 bed in lucan at 220 I would suggest is a good investment.
i dont think there is a hard and fast rule of thumb that states property is a high risk investment. some properties are some arent...it all depends, as i said, on what you buy when you buy it where you buy how much you pay, your personal outlook on the economy.
If he owns his property outright he does not have much to lose, if prices fall they will rise again, there are ups and downs with shares as well.
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