Irish Life Property portfolio bond
Hi
According to brochure - where there are more investors seeking to cash in investments than are new investors wishing to join, there will be a once off reduction in the value of the fund, currently 7%. This is done to ensure that all investors in the fund contribute a fair share to the overall costs incurred by the fund in buying and selling properties. This reduction is to be expected because property investmends tend to follow a cycle
All the above is from the brochure.
My cash is earning 2% in Irish Permanant at present, an official there recommended investing in this as the returns are higher.
According to the brochure - property portfolio bond 2004 - there is a fund charge equal to 1.75% a year of the value of your fund.
I am not too well up on investing but feel my money should be earning more than 2%. Any assistance is much appreciated