∞ How to invest £400 million?

sharpy2010

CKhalvashi wrote: »

This is where I wouldn't have a clue!

Of a total pot of roughly £6m (excluding my main company), I'm as follows:

Property: £1.5m (£116k total mortgages at sub 2%. £750k of this is my main home)
Cash savings: £500k
Shares: £3m-ish
2nd company equity: £1.2m, £500k debt (paid £1 for it, 2 years ago)

£400m, I wouldn't know where to start!

CK

Are you saying you are worth £6 million quid?

Bl00dy hell!

Beetlemama

Blimey, I don't spose you need a 43 year old mistress do you? My husband would be totally ok with it he says Good luck with the cash btw!

CKhalvashi

sharpy2010 wrote: »

Are you saying you are worth £6 million quid?

Bl00dy hell!

I've got no idea what my own company's worth, but apparently something like that! I did live in Russia when they were dishing out the shares, so (whistles)

Beetlemama wrote: »

Blimey, I don't spose you need a 43 year old mistress do you? My husband would be totally ok with it he says Good luck with the cash btw!

Nope, good thanks

And most of it is locked away anyway, so it's not being touched.

CK

sharpy2010

I've heard they say rich people don't actually know how much money they've got. I know to the penny how much I have (and it isn't much!), so I'm obviously not rich!

CKhalvashi

sharpy2010 wrote: »

I've heard they say rich people don't actually know how much money they've got. I know to the penny how much I have (and it isn't much!), so I'm obviously not rich!

I keep quiet about what's worth what to an extent.

I've got no idea exactly what I have, and what's where, but that's often the art of it

CK

Brassedoff

thriftyarek888 wrote: »

Thanks for ideas gents and ladies. I am looking something simple such as put it around few bank account and live off the percentage even after taxes.

The situation is that someone is receiving this amount as a whole sum transfered in to their bank account as a gift. SO thats taxable in USA? I know in UK its not taxable.

Don't tell me you've had an email from some nice Nigerians?

CKhalvashi

Brassedoff wrote: »

Don't tell me you've had an email from some nice Nigerians?

I think it may be something to do with the £400m-ish government thing in the paper this week.

CK

SailorSam

Beetlemama wrote: »

Blimey, I don't spose you need a 43 year old mistress do you

I'd like a 43yr old mistress if you're offering.
I've only got 400p though.

John1993_2

thriftyarek888 wrote: »

Say someone has come about in £400 million transfered in to their bank account. (please just consider this scenario on the face value)

UK banks offer only warranty of £85k each. So where to invest this safely in a way that generates good income p/a please?

The investor can operate on UK and USA market freely. ta

I have a colleague who had to make precisely this decision a few years back. He invested the lot in Russian government bonds, which had a good yield at the time. Unfortunately the Russians decided not to pay him back, so he lost the lot.

IronWolf

thriftyarek888 wrote: »

Thanks for ideas gents and ladies. I am looking something simple such as put it around few bank account and live off the percentage even after taxes.

The situation is that someone is receiving this amount as a whole sum transfered in to their bank account as a gift. SO thats taxable in USA? I know in UK its not taxable.

Noone with that amount of money keeps itin banks