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£500 million to invest..what shall I do??...

ed123_2
ed123_2 Posts: 556 Forumite
in Savings & investments
...does anyone think stating amounts to invest is rather....vulgar..?.maybe not...anyway...my £500 million shall I keep it in my current account paying 1.5% pa....
«1

Comments

  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Ha ha ha! You are joking, I presume..

    ..with that kind of money these days you might like to buy a bank and look after OPM :rotfl:
    .....under construction.... COVID is a [discontinued] scam
  • steadysaver
    steadysaver Posts: 389 Forumite
    Buy booze and strippers...... the rest you can waste ;)
  • dunstonh
    dunstonh Posts: 120,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    amounts are important because the answers you get will be different. The issues someone with £500k have will be very different to someone with 5k.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    ed123 wrote: »
    ...does anyone think stating amounts to invest is rather....vulgar..?.maybe not...anyway...my £500 million shall I keep it in my current account paying 1.5% pa....
    I wouldn't recommend you keep it in such a low-paying account. You should also consider that only the first £35,000 is protected if the bank goes under.

    I intend setting up my own private bank next week, and if you deposit your £500,000,000 with me I will pay you 1.505% and I will spread your money around 14,286 different financial institutions, negating the need for you to research and maintain so many accounts.

    Your money will be quite safe; all the underlying accounts will be FSCS regulated.
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Milarky wrote: »
    Ha ha ha! You are joking, I presume..
    I don't believe you had to ask :rotfl:
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • JDMYOFAN
    JDMYOFAN Posts: 329 Forumite
    Part of the Furniture Combo Breaker
    Anyone wonder if it's a scammer...

    i.e. Readers think, 'he has lots of munies, i fink ill ask him for sum munies'

    Then get caught up with a "I need to deposit £5million into a UK bank account, all I need is your bank account details!"

    muhaha
  • siren13577
    siren13577 Posts: 862 Forumite
    I'd take care of it for you :wink:
    :A :

    Siren

    Keep Smiling:D

    Eight words ye Wiccan Rede fulfill - An’ it harm none, Do what ye will.

  • gazza975526570
    gazza975526570 Posts: 3,275 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    ed123 wrote: »
    ...does anyone think stating amounts to invest is rather....vulgar..?.maybe not...anyway...my £500 million shall I keep it in my current account paying 1.5% pa....

    Have you thought about a cash isa?.....................................................................

    Im fairly sure you can get better returns than 1.5% - why not have a look around the best buy tables...........................................

    I think you could also get £20 cashback via Quidco if you took the Tesco Internet saver - every little helps;)
  • dunstonh
    dunstonh Posts: 120,850 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Or as lokolo would say.... Premium bonds ;)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    nj106 wrote: »
    Anyone wonder if it's a scammer...

    i.e. Readers think, 'he has lots of munies, i fink ill ask him for sum munies'

    Then get caught up with a "I need to deposit £5million into a UK bank account, all I need is your bank account details!"

    muhaha
    No, I think most will see it as a bit of sarcasm, but you can't account for lunacy (which is what getting infolved in scams is)
    You've never seen me, but I've been here all along - watching and learning...:cool:
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