Wednesday 18 January 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'

Published 02/02/2010 | 05:00

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

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"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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