What was your best investment decision?

ArthurMcB said:
I had some pre election and theyve done well - but for how long. Feel like theyre overpriced, but what do i know, therefore have sold them, taken a bit of profit and will buy back in when they (hopefully) fall back a bit.
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They've never made sense in that regard
 
Age & Education: I went to college with a person now in the lower part of the Rich List and I invested in him when he was starting out which paid out very handsomely.
I also bought a house in 1993, which was a good time.
 
Due to varying commitments they may have rented for the next 13 years or so and then decided to buy when property was a certainty.
I know someone who did that
 
ClubMan said:
So your decision to be born at the right time was one of your best ones?
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To be fair, my parents were influential in that one.
I probably should have sent a generous gift to my father's cousin who introduced my parents to each other.
But there was a lucky period to be born. If you were not forced to emigrate, and choice of education meant that I was not, then you could buy a house, subsequently interest rates declined and salaries increased so that the house was soon paid off without any real pain.

charlie007 said:
Due to varying commitments they may have rented for the next 13 years or so and then decided to buy when property was a certainty.
I know someone who did that
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I had no doubt at the time that I should buy a house. I had savings on deposit at 19% during the currency crisis and I knew that house prices would rise as mortgage costs came down so I tried to get in there once the property market started moving again.
 
Nice one.
Btw I'm the one who waited the 13 years!
But managed to hang on through the dark times and sold just recently with a slight capital gain, so all's well.............
 
Persia said:
Buying PPR in 2012 at a 60% reduction on crazy tiger property prices. Thank you Propertypin.
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Jeez, that’s a blast from the past!

For us, selling a starter home in outer suburbs about 2 months before the crash started in 2007 after realising the property bubble was destined to burst, banking about an 80% gain in equity. Then waiting, waiting, waiting with a decent wedge of cash in the bank before buying back into central Dublin at beginning of 2012 at about 60% off peak prices, as you say.

That, and a couple of fortunate sharesave / share option schemes that have paid off fairly handsomely for different reasons.
 
charlie007 said:
Nice one.
Btw I'm the one who waited the 13 years!
But managed to hang on through the dark times and sold just recently with a slight capital gain, so all's well.............
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Circumstances differ. I had no other commitments then, so it made sense for me.
 
Best Investment Decisions

Spending around £82,000 on a house when I could not really afford it, and after a fall out with the Bank clearing the mortgage early. The house market value is nearly ten times that now.

Putting an extra €270,000 gross into by public sector pension over a 18 year period so that I could retire early on a full pension.

In both these instances it was very hard; but I was previously unemployed for a long time and could live on nothing.
 
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