Invest in Property vs Pay into pension

Jim2007

Truthvader wrote: »

What is with all the rage here? I am only telling you what happened if you don't like it I don't know what to do for you. As explained in previous posts I never got a call in in 15 years and had no "broker or advisor". I bought two funds. Not impressed wit either but in fairness Zurich did much better and compensated for losses on New Ireland. Would not do it again. Everyone else is free to make their own decision - as you are .

Again why all the anger?

Well I suppose if you consider being asked to back up your statements with actual facts then there is a lot of anger....

So you bought two random funds, which we still don't know the names of and it's the fault of the funds and the asset managers that it did work out.....

If you had chosen to typical run of the mill equity funds over the past 15 year you would have been up, the fact that you were not, is down to your choices:

Henry Ford III

Truthvader wrote: »

What is with all the rage here? I am only telling you what happened if you don't like it I don't know what to do for you. As explained in previous posts I never got a call in in 15 years and had no "broker or advisor". I bought two funds. Not impressed wit either but in fairness Zurich did much better and compensated for losses on New Ireland. Would not do it again. Everyone else is free to make their own decision - as you are .

Again why all the anger?

The anger is imaginary.

Truthvader

Jim2007 wrote: »

Well I suppose if you consider being asked to back up your statements with actual facts then there is a lot of anger....

So you bought two random funds, which we still don't know the names of and it's the fault of the funds and the asset managers that it did work out.....

If you had chosen to typical run of the mill equity funds over the past 15 year you would have been up, the fact that you were not, is down to your choices:

This is pointless. If you want to believe I cashed in two perfect profitable pensions to get out into a self controlled property that is now losing money and then in a completely mental move posted the reverse of the truth here; do so. I am done here. I have no skin in the game just reporting my experience. Other posters can take their own advice. I do know that many many people agree with me and buying property through PRSAs is increasingly popular. Wonder why?

Henry Ford III

I think this thread has run it's course. Nothing positive can come of it.

Henry Ford III

Truthvader wrote: »

No idea what fund and never got a call from either about switching. Just an incomprehensible statement every year showing either a loss or a tiny profit. Did hear at one point that New Ireland used pension funds to prop up Bank of Ireland (who owned them) but no idea if it is true. Would explain the losses though. Got out after 15 years with what I put in between the two - I thing Zurich made something just when I got out which saved me. Will never know how much they ate up in fees for "fund management" and "advice"

Truthvader - Don't make unsubstantiated accusations against any financial institution again.

Jim2007

Truthvader wrote: »

This is pointless. If you want to believe I cashed in two perfect profitable pensions to get out into a self controlled property that is now losing money and then in a completely mental move posted the reverse of the truth here; do so. I am done here. I have no skin in the game just reporting my experience. Other posters can take their own advice. I do know that many many people agree with me and buying property through PRSAs is increasingly popular. Wonder why?

The fact that you refuse to disclose these so called funds speaks volumes.... and until you do people can draw their own conclusions.