∞ How to invest £400 million?

atush

planteria wrote: »

i wondered that. and whether he fancies filling mine;)

He could fill all of ours on this thread, just from today's interest lol.

Seriously though, that is actually too much money. I'd actually rather have less. It would be a lot of stress just wondering what was best to do with it.

Reminds me of the lottery winners on Location Location Location who were stressed with their 1.8M. a Few years later, they went back and they'd bought a few rental properties, he was working a different job he liked, and they bought a business she worked in. They weren't content to sit on their bums for long. And were no longer stressed.

doughnutmachine

atush wrote: »

Nothing wrong with thinking about sex, everyone does it.

Wondering how much sex $X will buy you, is another matter (and a bit sad lol).

yeah, having lots of money doesn't boost anyone's sex life.

quotememiserable

With very large sums like this my first stop would be a tax planning consultant, because your main issue would be how much tax you'd pay on so much annual investment income. This would tend to answer your investment vehicle question as well, ie once you've set up your offshore investment trust etc.

grey_gym_sock

it would be easy to make tax considerations loom large. tax is easily enough handled for the first few million, but this is way beyond that. actually, i think my solution to tax issues would be to give most of it to a charitable foundation, only keeping about £5m. this also solves the potential kidnapping issues.

would you rather spend your time working out the most constructive ways to give the money away, or talking to accountants about how to avoid paying tax on money you're never going to spend?

atush

doughnutmachine wrote: »

yeah, having lots of money doesn't boost anyone's sex life.

Sad for you

Wouldn't boost mine though.

chucknorris

doughnutmachine wrote: »

yeah, having lots of money doesn't boost anyone's sex life.

Is she quite wealthy then?

thriftyarek888

patientperson wrote: »

£400 million is a lot of money to enter the UK banking system. Money laundering controls will be a necessity of any bank or financial instituition. I am rather amazed that one with so much money needs to ask a BB for advice. If the money is real then I reckon you are better off talking to other persons of similar wealth.

patientperson this is the way it is. There will be transfer to UK bank. So you are saying that high street bank such as i.e. Coop cannot handle this amount in single current account?

patientperson

thriftyarek888 wrote: »

patientperson this is the way it is. There will be transfer to UK bank. So you are saying that high street bank such as i.e. Coop cannot handle this amount in single current account?

Most banks can handle that amount of money BUT questions will certainly be asked as to the origin of such a large sum and money laundering checks should be followed. As for the co-op (your example) imo do not go there .. they are looking to fill a £1.5 billion black hole in their balances and you are surely aware that the FSCS will only cover the first £85,000 (£170,000 joint account) of your total deposit so the remainder of your investment could be at risk in event of bank failure.

As for Building Societies they have rules concerning maximum amounts that they will allow per depositor.

The earlier part of my previous post did express some surprise that you would wish ask a BB for advice on the subject.

Are you a UK resident or in the USA?.

atush

I was of the opinion this was not a serious question, but a 'what if'.

And all our answers are based on the fact that the money was acquired legitimately.

rpc

atush wrote: »

I was of the opinion this was not a serious question, but a 'what if'.

I'm pretty sure the OP posts on another forum I frequent (username and wild scenarios are similar). He has a reputation as either a troll or a wind-up merchant.