Most tax efficient and low risk way to invest £1m today for an income

GenieBoy

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

EthicsGradient

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

GenieBoy

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

Albermarle

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

This forum constantly recommends that people do not go to wealth management firms as they are expensive, and are often restricted in the product range they offer. They are more useful for people like Rishi Sunak, as when handling big wealth, you need some more specialised wealth management skills.

However your  average High St IFA is more suitable for handling 'smaller' amounts, and will be considerably cheaper. It is easy to check if they are properly registered and do not have any black marks on their record.

EthicsGradient

GenieBoy said:

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

"With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too."

Are you trying to make this a clabby conversation?

GenieBoy

Albermarle said:

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

This forum constantly recommends that people do not go to wealth management firms as they are expensive, and are often restricted in the product range they offer. They are more useful for people like Rishi Sunak, as when handling big wealth, you need some more specialised wealth management skills.

However your  average High St IFA is more suitable for handling 'smaller' amounts, and will be considerably cheaper. It is easy to check if they are properly registered and do not have any black marks on their record.

EthicsGradient said:

GenieBoy said:

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

"With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too."

Are you trying to make this a clabby conversation?

You's have obviously no clue.   

The financial planner Camelot will put you in touch with will help you invest wisely so you have a decent income from that £1m for the rest of your live. I did not say anything about luxury living.

As part of the plan they will factor in new car every 5 years and holidays etc.

The Porsche doesn't have to be bought outright each time either.  

wmb194

GenieBoy said:

Albermarle said:

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

This forum constantly recommends that people do not go to wealth management firms as they are expensive, and are often restricted in the product range they offer. They are more useful for people like Rishi Sunak, as when handling big wealth, you need some more specialised wealth management skills.

However your  average High St IFA is more suitable for handling 'smaller' amounts, and will be considerably cheaper. It is easy to check if they are properly registered and do not have any black marks on their record.

EthicsGradient said:

GenieBoy said:

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

"With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too."

Are you trying to make this a clabby conversation?

You's have obviously no clue.   

The financial planner Camelot will put you in touch with will help you invest wisely so you have a decent income from that £1m for the rest of your live. I did not say anything about luxury living.

As part of the plan they will factor in new car every 5 years and holidays etc.

The Porsche doesn't have to be bought outright each time either.  

What investments did the financial planner Camelot referred you to suggest for your £10k pm Set For Life win?

https://forums.moneysavingexpert.com/discussion/6399266/sfl-winner/p1

adindas

GenieBoy said:

Albermarle said:

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

This forum constantly recommends that people do not go to wealth management firms as they are expensive, and are often restricted in the product range they offer. They are more useful for people like Rishi Sunak, as when handling big wealth, you need some more specialised wealth management skills.

However your  average High St IFA is more suitable for handling 'smaller' amounts, and will be considerably cheaper. It is easy to check if they are properly registered and do not have any black marks on their record.

EthicsGradient said:

GenieBoy said:

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

"With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too."

Are you trying to make this a clabby conversation?

You's have obviously no clue.   

The financial planner Camelot will put you in touch with will help you invest wisely so you have a decent income from that £1m for the rest of your live. I did not say anything about luxury living.

As part of the plan they will factor in new car every 5 years and holidays etc.

The Porsche doesn't have to be bought outright each time either.  

Which wealth management where part of the plan is to factor in new car every 5 years and holidays etc ??

Is part of this plan taking your own 1million ?  If this is the case it is certainly true. After a few years you have nothing left

But does anyone need wealth management to squander money ??

For sportcars H.R. Owen and Sytner Group, Bentley Motors, Stratstone and HWM will do that for you for free. For other shopping, Harrods, Selfridges, Fortnum & Mason will do that for you for free. No need to pay the fees.

For people who believe so, why do not you use it yourself. Sell all of your assets, borrow money from the banks,  family, friends, relatives, etc.

Wealth Management ?? If they are so good why do they need  heavy advertisements and pay for it ?. I have seen a few famous wealth management companies pop up on my screen often. I wonder how much money do they spend just for advertising alone ?. If it was true and there is evidence of it, no need to spend heavy advertising as the people will look for them.

If they can not beat the return from the index such as S&P500 why pay them if you could do it yourself easily, very straight forward for free. For some people, it is probably better to learn DIY, back-testing it. Do it right adjusting your own style you might be beating the return offered by majority of wealth managers, paying no fees.

TheBanker

adindas said:

GenieBoy said:

Albermarle said:

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

This forum constantly recommends that people do not go to wealth management firms as they are expensive, and are often restricted in the product range they offer. They are more useful for people like Rishi Sunak, as when handling big wealth, you need some more specialised wealth management skills.

However your  average High St IFA is more suitable for handling 'smaller' amounts, and will be considerably cheaper. It is easy to check if they are properly registered and do not have any black marks on their record.

EthicsGradient said:

GenieBoy said:

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

"With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too."

Are you trying to make this a clabby conversation?

You's have obviously no clue.   

The financial planner Camelot will put you in touch with will help you invest wisely so you have a decent income from that £1m for the rest of your live. I did not say anything about luxury living.

As part of the plan they will factor in new car every 5 years and holidays etc.

The Porsche doesn't have to be bought outright each time either.  

Which wealth management where part of the plan is to factor in new car every 5 years and holidays etc ??

Is part of this plan taking your own 1million ?  If this is the case it is certainly true. After a few years you have nothing left ...

If you believe so, why do not you use it yourself. Sell all of your assets, borrow money from the bank,  family, friends, , relatives, et.

Does anyone need wealth management to squander money ??

For sport card H.R. Owen and Sytner Group. Bentley Motors, Stratstone and HWM will do that for you for free. For other shopping, Harrods, Selfridges, Fortnum & Mason will do that for you for free. No need to pay the fees.

Wealth Management ?? If they are so good why do they need a heavy advertisements and pay for it ?. if it was true and there is evidence of it, the people will look for them.

If the can not beat the return from the index such as S&P500 an majority of cases why pay them if you could do it yourself easily for free.For some people, it is probably better to learn DIYf, back-testing it. Doing it right you might be beating the return offered by majority of wealth managers, paying no fees.

The value of using a Wealth Manager for me would not come from them trying to beat the markets. It would come from having someone who could help me work through my options.

Out of my £1m I want to pay off my mortgage (£200k), I probably wouldn't move house. I'd want to pay off my sister's mortgage (£100k) and give some gifts to other family members. So straight away, a good chunk of my winnings have been spent. I don't especially want to leave work at the moment, but equally I don't want to work until I'm able to draw my state pension at 68. I'd hope a good Wealth Manager could help me plan - how much longer should I work for? Should I work part-time and use the income from my winnings to top up my salary (although I won't need as much, given the mortgage is paid off). Can I afford to buy a second home by the sea? What do I need to do with my current pension arrangements? It's firstly being able to work out if my ambitions and goals are actually achievable, then working out the best way to achieve them that I'd want help with. Not someone who claims to be able to beat a particular index. 

Albermarle

TheBanker said:

adindas said:

GenieBoy said:

Albermarle said:

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

This forum constantly recommends that people do not go to wealth management firms as they are expensive, and are often restricted in the product range they offer. They are more useful for people like Rishi Sunak, as when handling big wealth, you need some more specialised wealth management skills.

However your  average High St IFA is more suitable for handling 'smaller' amounts, and will be considerably cheaper. It is easy to check if they are properly registered and do not have any black marks on their record.

EthicsGradient said:

GenieBoy said:

EthicsGradient said:

GenieBoy said:

Albermarle said:

Don't worry, if you won £1m on the Lottery, Camelot will put you in touch with a very good wealth management firm (who Rishi Sunak uses  ) and they will ensure you, and they,  have an income for life to meet all your desired expenditure and to buy them a nice Porsche

Small addition in bold .

And?

With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too.

Also it's a big wealth management firm, not some dodgy back street indie guy who you read about in the "I've been scammed" pages of the Daily Mail.  

A £1m prize will not keep you in Porsches for life. I thought your first post was a joke, since it's rather unrealistic. You really seem to think a wealth management firm can turn £1m into a luxury lifestyle?

Where did I say luxury lifestyle?

"With the income you'll be making it will keep yourself in a new Porsche for the rest of your life too."

Are you trying to make this a clabby conversation?

You's have obviously no clue.   

The financial planner Camelot will put you in touch with will help you invest wisely so you have a decent income from that £1m for the rest of your live. I did not say anything about luxury living.

As part of the plan they will factor in new car every 5 years and holidays etc.

The Porsche doesn't have to be bought outright each time either.  

Which wealth management where part of the plan is to factor in new car every 5 years and holidays etc ??

Is part of this plan taking your own 1million ?  If this is the case it is certainly true. After a few years you have nothing left ...

If you believe so, why do not you use it yourself. Sell all of your assets, borrow money from the bank,  family, friends, , relatives, et.

Does anyone need wealth management to squander money ??

For sport card H.R. Owen and Sytner Group. Bentley Motors, Stratstone and HWM will do that for you for free. For other shopping, Harrods, Selfridges, Fortnum & Mason will do that for you for free. No need to pay the fees.

Wealth Management ?? If they are so good why do they need a heavy advertisements and pay for it ?. if it was true and there is evidence of it, the people will look for them.

If the can not beat the return from the index such as S&P500 an majority of cases why pay them if you could do it yourself easily for free.For some people, it is probably better to learn DIYf, back-testing it. Doing it right you might be beating the return offered by majority of wealth managers, paying no fees.

The value of using a Wealth Manager for me would not come from them trying to beat the markets. It would come from having someone who could help me work through my options.

Out of my £1m I want to pay off my mortgage (£200k), I probably wouldn't move house. I'd want to pay off my sister's mortgage (£100k) and give some gifts to other family members. So straight away, a good chunk of my winnings have been spent. I don't especially want to leave work at the moment, but equally I don't want to work until I'm able to draw my state pension at 68. I'd hope a good Wealth Manager could help me plan - how much longer should I work for? Should I work part-time and use the income from my winnings to top up my salary (although I won't need as much, given the mortgage is paid off). Can I afford to buy a second home by the sea? What do I need to do with my current pension arrangements? It's firstly being able to work out if my ambitions and goals are actually achievable, then working out the best way to achieve them that I'd want help with. Not someone who claims to be able to beat a particular index. 

Although a wealth manager would cost probably twice as much as an IFA, for little/no benefit.
If you had £5 Million then could be a different story as different specialist strategies come into play. Although I have no direct experience !