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Hi all, please see this major site announcement: https://www.boards.ie/discussion/2058427594/boards-ie-2026

The end is nigh: No withdrawals from one Irish Life Property fund for six months

07-03-2023 04:46PM

#1

Calahonda52

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https://www.rte.ie/news/business/2023/0307/1360732-irish-life-property-fund/
This will start a death spiral fro pretty based pensions

“I can’t pay my staff or mortgage with instagram likes”.
Post edited by Jim2007 on March 2023

1

Comments

#2 07-03-2023 06:19PM

coylemj

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No it will not. This has happened before. Property funds cannot pay out on demand if the demand reaches a certain level, they only have so much cash and property is not a liquid assets like equities. Long-term, it actually protects investors if withdrawals are frozen until the dust settles. Forcing the fund to sell assets to raise cash when there is a downturn in the market is a very bad idea.

3
#3 07-03-2023 06:34PM

Jim2007

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Closed - does not meet the standards for this forum. Please do not post this kind of unfounded speculation again.

1

This discussion has been closed.