Ten years on: Is fear causing Irish investors to lose out?

Since the crash of 2008 Irish investors have played it safe in deposits but may have lost out on surging stock markets

Irish people now have more money on deposit today than they did back in 2009.

Irish people now have more money on deposit today than they did back in 2009.

This Saturday marks 10 years since US investment bank Lehman Brothers imploded, sending markets around the world into freefall and exacerbating the descent of the Irish economy, which had already run into trouble as fears around Anglo Irish Bank strengthened during 2008.

While asset values plummeted in the aftermath of the financial crisis, they have recovered robustly since. In Dublin, house prices fell off a cliff post-2008 but have doubled since February 2012, although they remain off their Celtic Tiger highs. Across the Atlantic, US stocks have not just recovered, they continue to reach new highs.

The Irish Times
Please subscribe or sign in to continue reading.
The Irish Times

How can I keep reading?

You’ve reached an article that is only available to Irish Times subscribers.

Subscribe today and get the full picture for just €1 for the first month.

Subscribe No obligation, cancel any time.