Euromillions

[One]

Why not just put half of it in banks and use the interest?

Hell even 2%, 50 million would be 1 million yearly.

With the markets how they are at the moment you would happily give a bank that much money to play with?

Look at Forbe's rich list. None of them have millions in cash. Put your money into property and you'll always be wealthy. Peers of the realm is another list of people to look at. They've been rich for generation not through keeping cash in a bank but because they own vast amounts of property and land.

 

[Spenty]

With 10mill i could really make only myself rich. With 100million I can make my family and friends rich as well, and still have enough to do what ever i want.

If you can't make yourself, your family and your friends rich with 10 million you're doing something wrong. You may not be able to do it straight away but buying into the right investments you could probably make 100's of people rich from 10 million after a few years.

 

[Andr3w]

If you can't make yourself, your family and your friends rich with 10 million you're doing something wrong. You may not be able to do it straight away but buying into the right investments you could probably make 100's of people rich from 10 million after a few years.

What would you say are the right investments then?

 

[mrk]

Thanks for the heads up, entered

Sounds like a competition

What would you say are the right investments then?

Property and land are always going to be hot stuff. I imagine that would be the starting point.

But the finger waving needs to be aimed at the making 100s of people rich part, why would you want to make hundreds of people rich? Assuming you have hundreds of relatives who became rich then that money would cause so many problems between those people it would be "interesting".

People are fools.

 

[mrk]

DP

 

[Glaucus]

I agree with property. Buy loads and then keep buying more with the profits.

Will be getting myself a few tickets.

 

[memyselfandi]

So with £100m I could buy Spain, Ireland and Greece right?

 

[Frenzy]

lol i bought a ticket. Now I don't really gamble, I just have my automated tickets go out every wednesday from which I won £100 last month. This pretty much covered what I had spent on tickets so far over those months.

I decided to give those instant wins a go so I went for the most expensive one I won £40 straight off! so I bought a few more which took my total to £50, I then wasted £30 on more instant wins! and then spent the remaining £20 on euromillions tickets...

I feel like a dirty dirty gambler

 

[Vtec9k]

£1m would really frustrate me. I'd want to go on a lottery winners spending spree but would know that the best thing would be to invest it all. Even just buying a £100k 2nd hand lambo would feel like I'm wasting too much of it.

So really needs to be £5m at least, then i can happily blow a million on cars and parties before investing the other 4!

 

[Mark A]

If i won a million I wouldn't bother with Lambo, i'd probably get a nice Integra DC5 as I have always wanted one but can't afford it. Then maybe sell after a year or so and move onto something better.

I think that if you just jump in and buy the best of everything you will miss out on a lot.

 

[estebanrey]

Investing in property didn't turn out too well for that guy from Westlife did it, hasn't he just filed for bankruptcy?

Just stick it in the bank and live of the interest.

 

[Worthy]

Investing in property didn't turn out too well for that guy from Westlife did it, hasn't he just filed for bankruptcy?

Just stick it in the bank and live of the interest.

He tried to build a huge posh estate off his own back, they didn't sell and he ran out of money. That's a little different from buying some terraced houses to rent out to people who don't want to buy.

 

[estebanrey]

But at the same time house prices in the UK have risen stupidly over the last 20 years and we now starting to see a decline (didn't they drop a fraction of a % last year for example)

Housing is unaffordable here, they can't keep going up and you can never rule out a housing crash in any country.

 

[ToxicTBag]

Anyone fancy helping me build a Time machine?

You don'y need a time "machine" as such Mr Thundy, just hangfire another 6 months untill they have pinpointed the Higgs Boson field and if they figure out how to alter it locally theres your time "machine"

 

[estebanrey]

Anything can crash. The bank which holds you money could die, leaving you with £85k from your £100m fortune. There's talk of a gold bubble. There can be stock market crashes. Etc.

I'd much prefer to hold something which'll always be raking in money (rent) and can't get completely wiped out through a crash (I'll still have the houses, and wouldn't get into a catastrophic negative equity situation, as I'd have no mortgages).

If I won £100m, then bought £80m of houses... I'd obviously shed a tear if there was a crash and they became worth £60m... but that wouldn't be the end of the World. If I had it all in my local bank, then that collapsed, I'd have to be sectioned.

The Government would bail out the banks before it happened, as has been proved.

 

[Spenty]

Sounds like a competition



Property and land are always going to be hot stuff. I imagine that would be the starting point.

But the finger waving needs to be aimed at the making 100s of people rich part, why would you want to make hundreds of people rich? Assuming you have hundreds of relatives who became rich then that money would cause so many problems between those people it would be "interesting".

People are fools.

I wasn't saying I'd make 100's of people rich, I was merely stating that you could if you wanted to.

 

[Stolly]

100 million, thats mine

 

[estebanrey]

Why not just put half of it in banks and use the interest?

Hell even 2%, 50 million would be 1 million yearly.

Minus income tax of course.

 

[StriderX]

Minus income tax of course.

Yes...tax...

 

[valkynaz]

Bought myself my first legally purchasable lottery ticket just for this.

And this is where it begins, I have now fallen into the lottery trap.