"the point i was making is you havent profited from anything until you buy, sell and pay all your taxes and charges and bank whats left"
It is still an increase in value in your portfolio whether it is cashed in or not is irrelevant. No matter what you are invested in the value may be different in the future up or down but today it has value x.
"its not a nice feeling and I experienced it. fortunately i cashed out at 345k only to discover that I will be paying tax on about 20k, once everyone else was paid for MY efforts and risk"
Again that comes down to what you wanted out of the investment and I would have thought a savvy investor such as yourself would have been aware of the taxation consequences. At the end of the day property from my perspective is a long term investment i.e. a minimum of 10 years.
