We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Who wants to be a Millionaire

I do ;)

How much today in 2007 do you think you will need to turn into ONE MILLION POUNDS in ten years time and roughly how would you achieve it.

Remember it is your own money so you need to take care of it.
Could you take the chance that property could earn you handsome.

Would you play it safe and say maybe 700k
would you chance your arm with 100k and pump it all into china/brazil emerging eco markets

Its all with your risk profile, its all with your knowledge and understanding of money and number crunching
:cool: hard as nails on the internet . wimp in the real world :cool:

Comments

  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Turn how much into 1 mill in how long?

    Your question is far too generic for a serious answer. Sorry
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • musehead
    musehead Posts: 389 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Jonbvn wrote: »
    Turn how much into 1 mill in how long?
    greenface wrote: »
    I do ;)
    How much today in 2007 do you think you will need to turn into ONE MILLION POUNDS in ten years time and roughly how would you achieve it.

    He's just asking how much would you need to end up with 1 million, 10 years from now, and how would you go about achieving it?
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    musehead wrote: »
    He's just asking how much would you need to end up with 1 million, 10 years from now, and how would you go about achieving it?

    Too late and too generic (and too much beer for me!!)
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • greenface
    greenface Posts: 4,871 Forumite
    Mortgage-free Glee!
    JonbvnTurn how much into 1 mill in how long?

    Your question is far too generic for a serious answer. Sorry


    Are you asking me how long ? I stated ten years . And im asking how much you would need ??:confused:

    As im asking the whole of the readers on a individual basis i was expecting a general generic discussion and wasnt expecting a serious answer.
    No need to say sorry thanks for your reply.:D
    :cool: hard as nails on the internet . wimp in the real world :cool:
  • Mikeyorks
    Mikeyorks Posts: 10,380 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    £10 Million now .... and buy Eurotunnel. ;) (Shares that is .. not the actual hole with the lines in)
    If you want to test the depth of the water .........don't use both feet !
  • greenface
    greenface Posts: 4,871 Forumite
    Mortgage-free Glee!
    :rotfl: mike how would you manage to keep a million from that??:rotfl:

    it would all be gone in a wet weekend
    :cool: hard as nails on the internet . wimp in the real world :cool:
  • cheerfulcat
    cheerfulcat Posts: 3,418 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Google is your friend...

    A lot depends on how much you have to invest at the beginning - making a million from £500,000 is going to be easier than starting from scratch.
  • There was the start of a similar discussion a month or so ago on here:

    http://forums.moneysavingexpert.com/showthread.html?t=541162

    The article in The Times that I posted the link to made for interesting reading I thought.

    I'm hoping it's possible!
  • purch
    purch Posts: 9,865 Forumite
    Who wants to be a Millionaire

    I used to be a Billionaire, before they gave us the Euro !!!!................... porca miseria :mad:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.