What would you do with £10k, £20k, £50k, £100k, £500k

capital0ne
capital0ne Posts: 872 Forumite
First Anniversary First Post
in Savings & investments
Question I asked my colleagues at work.

What would you do with £10k, £20k, £50k, £100k, £500k
Answers I got were:
£10k - holiday or new car
£20k - holiday, new car and maybe do something to their home
£50k - big family holiday. new cars, help kids
None could make anything different wuth very large sums of money, but one striking theme was no one mentioned investing or contributing into their pension?
They dis say saving was waste of time because of low interest rates, but no one seemed to understand the affect of 3% inflation.
Quite an eye opener, but to be honest to me it wasn't really unexpected.
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Comments

  • jamei305
    jamei305 Posts: 635 Forumite
    First Anniversary Name Dropper First Post
    From £10 to £100K I'd invest it. With the £500k we might move house though.
  • TBC15
    TBC15 Posts: 1,452 Forumite
    First Post First Anniversary Name Dropper
    If we are talking returns from investments.

    £10k, £20k, £50k, reinvest

    £100k, £500k returns time to think about getting retired followed by some top of the range stuff without risking the investments.
  • economic
    economic Posts: 3,002 Forumite
    I already have those sums of money.

    If i had these sums of money in addition to what i have now, i would invest it all.
  • TheShape
    TheShape Posts: 1,779 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
    £10K - Holiday
    £20K - Holiday
    £50K - Big Family Holiday

    Can't have a BIG holiday for £10k or £20k? No wonder some Lottery winners burn through their windfalls so quickly.
  • TBC15
    TBC15 Posts: 1,452 Forumite
    First Post First Anniversary Name Dropper
    economic wrote: »
    I already have those sums of money.

    If i had these sums of money in addition to what i have now, i would invest it all.

    Are you establishing or part of a dynasty? ( serious honest)
  • TheShape
    TheShape Posts: 1,779 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
    economic wrote: »
    I already have those sums of money.

    If i had these sums of money in addition to what i have now, i would invest it all.

    I wonder whether the people who (pre-windfall) had the least, would spend the most and those that were wealthier would be more inclined to invest?
  • Mrs_Z
    Mrs_Z Posts: 1,104 Forumite
    First Post First Anniversary Name Dropper I've been Money Tipped!
    With £10k and £20k I’d invest. With a spare £50k, i’d Keep back £10k for a jolly good holiday and invest the rest. same with £100k. With an extra £500k i’d Hand in my resignation, and take a holiday to ponder my next move. :beer:
  • economic
    economic Posts: 3,002 Forumite
    TBC15 wrote: »
    Are you establishing or part of a dynasty? ( serious honest)

    What do you mean?
  • economic
    economic Posts: 3,002 Forumite
    TheShape wrote: »
    I wonder whether the people who (pre-windfall) had the least, would spend the most and those that were wealthier would be more inclined to invest?

    This is true. The wealthier you are, the smaller the % of your wealth you will spend.
  • economic
    economic Posts: 3,002 Forumite
    Mrs_Z wrote: »
    With £10k and £20k I’d invest. With a spare £50k, i’d Keep back £10k for a jolly good holiday and invest the rest. same with £100k. With an extra £500k i’d Hand in my resignation, and take a holiday to ponder my next move. :beer:

    Out of interest what kind of holiday would the 10k get you?
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