Sunday 23 July 2017

Me and my money: John Costigan

'I like to think I don't have one major waste of cash. In general I am careful with money'

THE Gaiety's chief executive John Costigan says he is conservative with his cash and would prefer more money to time off.

"Shares in Allied Irish Bank were my biggest spending mistake.

"This purchase was decided following consultation with a pal who is in the financial services sector who was of the view that I diversify my investment portfolio into blue chip."

"My best-ever buy was my holiday home.

"I have a savings plan -- it is in my pension fund which is in a mixed portfolio of investments.

"I'd like to think I don't have one major waste of cash.

"I'm sure I have one or two but in general I am careful with money.

"If I could buy anything, it would be an Island -- preferably in the sun.

"I drive a BMW 5 Series which I bought for €30,000.

"I have bought shares. Did they make money? Yes (the commodities) and no (Allied Irish Bank). I have bought a small amount of shares over the years but nothing significant, again a mixture of commodities and blue chip.

"If I won €5m in the Lotto, I would buy a McDonald Douglas DC3 Aircraft."

Irish Independent

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