Originally Posted by Victor
Tell that to people who had banking shares.
For sure, a lot of Irish people lost heavily on the shares of AIB and BOI. But that is because they left it all to stockbrokers - mainly Goodbody and Davy who were formerly the stockbroking arms of those two banks. There were vested interests at play with bank shares- even when BOI were crashing from €19 to €11 a share Davy were advising people to buy more becuase the banks wanted them to artificially prop up their share price. They eventually crashed all the way to 0.21c a share and it was only then that people like Gay Byrne started complaining despite having ample opportunity to exit (in profit) much much sooner. Instead they listened to vested interests and they got done over.
With the exception of a few very well run Irish companies like Paddy Power, Glanbia I would stay well away from Irish shares. This country is way too small and corrupt to trust those in charge. Also insider trading here rarely gets punished so it almost certainly goes on- it did in the DCC Fyfess case and I am sure it will again. In the US insider trading gets punished by jail sentences, in Ken Lay's case he got a 127 year prison sentence for manipulating the energy markets. I'd much rather be in markets where the punishment is severe for the type of crap the Irish banks pulled on the pensioners of this countyr who were all told by their brokers that their money was 'as safe as houses'.
OP good to hear you are already in the stock market. A well balanced portfolio should only be exposed around 20% to property and no more than that. If you can't afford a one bed using 20% of available cash then look at property funds in emerging economies like Brazil or India.
But if you want to go it alone then the other thread on here by Darren and his dealings with one bed apartments will be of interest to you for sure.