What was your best investment decision?

Brendan Burgess said:
I don't know about the volatility bit.
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That’s an empirical question. Since about 2015 prices have been more stable relative to interest rates and incomes than in the preceding three decades.

Brendan Burgess said:
But you are absolutely right that the first priority is to get on the housing ladder.
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Yes and no. I wouldn’t recommend it to a single 23-year old for its own sake.

It’s something to do when you have a better idea of career and family prospects.
 
Resisting the banks encouragement to take out a €220k mortgage relative to my earnings in 2009 and instead buying a fixer upper for €150k (as a home, not an investment) and managing to pay off the bulk of mortgage within 13 years and then maxing AVC contributions as per advice from AAM .

That and meeting and marrying my OH whose own considerable "dowry" helped greatly with the aforementioned "fixing up" (amongst other things)

Having read this thread now however, I think I need to start investing in my own physical well being again, to ensure I'm around to enjoy the fruits of my labour and investment. Figure time spent walking is a better investment that time spent doing overtime!
 
Dr Strangelove said:
Yes and no. I wouldn’t recommend it to a single 23-year old for its own sake.

It’s something to do when you have a better idea of career and family prospects.
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What does a 23 year old lose by buying their own home? Is there anyone who would later regret becoming a homeowner at 23? I can't imagine any 30, 40 or 50 year old today would have any regrets about buying when they were in their early 20s. I dure don't. I do know people who are paying a fairly heavy price for not buying earlier.

Career prospects change radically, both positively and negatively. As do family prospects. And plenty of 23 year olds are parents already.

I think at any age a person's priority should be secure accommodation. In Ireland that means either social housing or home ownership. Renting privately in this country is a very small step away from homelessness.
 
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Have to say that when you mentioned Raisin I, too, assumed you were referring to a deposit.
 
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