Could start with this if you really want to blow it ..
http://www.rightmove.co.uk/property-for-sale/new-homes/property-26161231.html
http://www.rightmove.co.uk/property-for-sale/new-homes/property-26161231.html
Euro Millions next week!!!
- Thread starter alexevans92
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Add a couple of Bugatti Veyrons, a helicopter, staff to run the place and you will soon be down to £100 million.
but a list of "Millionaires banks" (the likes of which seen on James Bond etc).
I'll tell you one thing, I'm going with a Swiss bank rather than JPMorgan Chase that's for sure
I'd also buy gold bars and store them as opposed to just sitting on cash
Well for a mere $25mil you could buy yourselves one of these: http://www.gizmag.com/strand-craft-122-luxury-yacht-free-supercar/15394/
Heh! the boat includes it's own free supercar how could you turn that down?
ninja edit: look at those pics! http://www.strand-craft.com/
Heh! the boat includes it's own free supercar
how could you turn that down?ninja edit: look at those pics! http://www.strand-craft.com/
Man of Honour
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That boat is just sick! Love the design, sort of Raptor F22/ Ferrari something something.
Well for a mere $25mil you could buy yourselves one of these: http://www.gizmag.com/strand-craft-122-luxury-yacht-free-supercar/15394/
Heh! the boat includes it's own free supercar
ninja edit: look at those pics! http://www.strand-craft.com/
That's it, if I win I'm buying one of those!
Haha glad people like that boat concept, i originally saw that advertised a few months back on a random yahoo news bit, so glad i remembered what it was called.. always said i'd love one if i could afford it xD
Yeah the look and design of the boat is just drool worthy :O
Yeah the look and design of the boat is just drool worthy :O
Soldato
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It isn't as simple as that. You could get 15-20% "interest" on almost any amount, but the amount of interest goes up as the risk does. So, if you want to take on the risk that earns 20% interest, you can do so.
Soldato
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The amount of times it rolls over goes to show the odds!
Not with £120million it's not. The risk is minimal when you have that much, it is simply a case of opening an account, in fact.
Soldato
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Show me, then.Not with £120million it's not. The risk is minimal when you have that much, it is simply a case of opening an account, in fact.
Where do you think this magic, minimal risk 20% interest comes from?
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Not with £120million it's not. The risk is minimal when you have that much, it is simply a case of opening an account, in fact.
Lol, such BS. You have no idea what you are talking about.
I thought your first post might have been a joke, but your response confirmed the above statement.
If there was risk free 20% interest, you think banks with billions in cash would lend to consumers at the paltry mortgage interest rates they offer?
15-20% return would require very high risk in today's climate.
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I have a pretty good idea, thanks.
If you walk into a bank, and tell them you want to invest £120million, they will/can guarantee a percentage return of double figures.
Even in "today's climate", £120million is not going to break the bank.
Effectively they will broker investments on your behalf, with no doubt much higher risk/return, but will guarantee the fixed return to you. All under the tidy guise of a bank account.
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No they can't.
Why not, then?
Have you done any finance before?
Something returning just 10% (with certainty i.e. bank is guaranteed not to go bankrupt) say over 5 years with a principal amount of £120m is worth a lot more than £120m. A bank will not sell you this security for £120m.
It is much more valuable in open markets.
You can ask how you can ensure that a bank won't go bankrupt? You can't and hence would have to buy a CDS off someone who is perfectly hedged against said bank. So that would have to be taken into account when buying such a security.
So a security which returns 10% on a principal amount of £120m with certainty for 5 years is worth a lot more than £120m.
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Admittedly I haven't, and I am merely passing on information told to me by a friend (a broker) who says it is actually quite easy for someone with that sum of cash to get double figures in interest, and guaranteed.
Maybe through arbitrage. Such levels of arbitrage isn't available to a millionaire depositor but an expert trader working in a very well linked organisation. It is far from easy to make 15-20% with certainty.