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say you win the £154 million euro lotto.......
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gadgetmind wrote: »I'd invest it and live off the £500kpa income. Or at least I would, but there is zero chance of me winning the lottery as I have NEVER bought a ticket and I NEVER will.
this is actually true for me. I never buy tickets, although as i said above hubby did, but doens't spend mroe than 1 qyuid a week, or 52 or so a year.
Personally I would be one of those winners who win and never know as if i did buy a ticket I probably would never check it
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I am constantly surprised with the people who are not prepared to invest even a little in dreams
I'm prepared to invest a whole load into turning my dreams and desires into reality, however, I prefer to do this by expanding and then leveraging my skills base to generate income, which I then invest wisely.
If someone does this and therefore gives themselves a good chance of prosperity and a long and happy retirement, then it's fine if they also have a minor flutter on the horses and/or has the odd drink. It's those who use gambling as a substitute for proper life/financial planning who need to learn the difference between a dream and a mirage.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
With £150m I'd buy an investment trust or two to have as my personal portfolio generating an income.Remember the saying: if it looks too good to be true it almost certainly is.0
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Move to Monaco with the rest of the rich !0
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With £150m I'd buy an investment trust or two to have as my personal portfolio generating an income.
If you look at investment trusts such as RIT Capital, this is exactly how they got started: rich families (Rothschild in this case) who wanted to remain rich across the decades and even centuries. Personal Assets, and Ruffer are younger but operate along the same long-term wealth preservation lines.
I hold all three in high regard and have a few bob stashed with each of them.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I would probably decide that it was time to employ a professional investment advisor...
However, before that, I would withdraw the whole amount (mainly as notes but with some coinage) fill a room with it and then spend my time rolling around in it and burrowing down through it to find the coins. I may or may not do this whilst clothed. You may not want to know that bit...sorry...
In the meantime, RITCap and PATplc for me tooLiving for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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gadgetmind wrote: »I'd invest it and live off the £500kpa income. Or at least I would, but there is zero chance of me winning the lottery as I have NEVER bought a ticket and I NEVER will.
Even if you put it in a savings account paying 3% and paid tax at 50% on all the income your annual net income would be £2.31m0 -
Even if you put it in a savings account paying 3% and paid tax at 50% on all the income your annual net income would be £2.31m
Yeah, I missed off a zero. :-)I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Move to Monaco with the rest of the rich !
This is my fantasy! I'd like to drive around in a Pagani Zonda; pretty sure I wouldn't look out of place over there! (Except for my age and looks...hey ho, :rotfl:)
Alternatively, I could buy a huuuuuuuuge mansion somewhere, build an equally huge garage (preferably underground) and put in the obligatory Ferrari, and the Zonda, maybe a Bugatti Veyron. And build my own Top Gear test track! Oh wow, this is beginning to sound like fun!
(Oh dear, I seem to have got carried away there. Sorry!)
Personally I think I'll first be lounging about in a private hospital, being treated for the heart attack which is surely to strike upon finding out I was worth that much!!0 -
You could buy your own island, complete with volcano that houses the secret underground base !!! lair.
Muhahahahahaha!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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