Investing millions

Housey · 29 Dec 2015 at 13:55

£30M I would spend in a week without too much problem and without being stupid. I would want a new house, few million quids worth of cars, a nice boat and a couple of holiday homes. Probably leave me 10M to play with which I would use to invest in different projects that kept me busy.

Derek W · 29 Dec 2015 at 13:58

Mynight said:
Buy 39 million lottery tickets.

Wins 40 million and buys 39 million lottery tickets at £2 each. :confused:

Brizzles · 29 Dec 2015 at 14:00

I could finally justify a £20 Dominoes pizza

Deathjester · 29 Dec 2015 at 14:04

Brizzles said:
I could finally justify a £20 Dominoes pizza

When you collect them you can get 2 for that price...

Liquiduk · 29 Dec 2015 at 14:08

Typing & talking about £30,000,000 really makes it difficult for me to quantify what I would do!

Mynight · 29 Dec 2015 at 14:11

Derek W said:
Wins 40 million and buys 39 million lottery tickets at £2 each.

Yeah. Maybe I'll get more money

. If not at least I'll have loads of fuel for my wood burner in my new 500k house

.

Edit: oops I completely missed that then

. Damn!

daz · 29 Dec 2015 at 14:11

I think the key is probably capital preservation. Don't go crazy on a house that requires a full time staff to manage and maintain. Don't buy a yacht. Don't buy a private jet. Anything with potentially massive maintenance costs really.

Skeeter · 29 Dec 2015 at 14:13

Mynight said:
Yeah. Maybe I'll get more money . If not at least I'll have loads of fuel for my wood burner in my new 500k house .

Edit: oops I completely missed that then . Damn!

I think he was more questioning how £40m would buy you £78m worth of lottery tickets

.

Deathjester · 29 Dec 2015 at 14:14

daz said:
I think the key is probably capital preservation. Don't go crazy on a house that requires a full time staff to manage and maintain. Don't buy a yacht. Don't buy a private jet. Anything with potentially massive maintenance costs really.

This: the best thing you can do is not doing anything major, and planning most of the things you want to do with an accountant to ensure that it's going to work out and not leave you sat in a caravan on the dole in 6 months time.

Mr Badger · 29 Dec 2015 at 14:16

daz said:
I think the key is probably capital preservation. Don't go crazy on a house that requires a full time staff to manage and maintain. Don't buy a yacht. Don't buy a private jet. Anything with potentially massive maintenance costs really.

Remember the rich man's rule of spending: “If it flies, floats or fornicates, always rent it.”

Skeeter · 29 Dec 2015 at 14:19

Mr Badger said:
Remember the rich man's rule of spending: “If it flies, floats or fornicates, always rent it.”

Haha, I like that!

My dads advice to me when I was young was that "if its got titts or wheels it will cost you money".

Deathjester · 29 Dec 2015 at 14:19

Mr Badger said:
Remember the rich man's rule of spending: “If it flies, floats or fornicates, always rent it.”

Although discussing the rental of said fornication with your accountant might be a step too far...

Terminal_Boy · 29 Dec 2015 at 14:21

Deathjester said:
Although discussing the rental of said fornication with your accountant might be a step too far...

Or get a sexy accountant for a "one stop shop".

Mynight · 29 Dec 2015 at 14:22

Deathjester said:
Although discussing the rental of said fornication with your accountant might be a step too far...

I'm sure they can write it off as a charity donation.

Skeeter said:
I think he was more questioning how £40m would buy you £78m worth of lottery tickets .

I wasnt quick enough on the edit

. Or you're a slow typer

.

Deathjester · 29 Dec 2015 at 14:24

Terminal_Boy said:
Or get a sexy accountant for a "one stop shop".

That might work; but you might realise that a lot more money than you think is tied up in her assets...

In the end what you need to accept is figuring out what to do with your money and not lose it will cost you money and you need to factor that in.

Housey · 29 Dec 2015 at 14:24

Mynight said:
I'm sure they can write it off as a charity donation..

Entertainment expenses.

Mynight · 29 Dec 2015 at 14:25

Housey said:
Entertainment expenses.

Sounds like a man in the know there

.

Deathjester · 29 Dec 2015 at 14:25

Housey said:
Entertainment expenses.

Indeed, assuming you're meeting with clients or potential clients then you can write a lot of as "Entertainment" expenses.

Ryan-3 · 29 Dec 2015 at 14:27

Do the usual little spread of money in the family, buy a nice house, Porsche 918 and GT3 RS. Invest about 10million and bank the rest.

anything I don't mind · 29 Dec 2015 at 14:39

I would buy property in various locations around the world and a rent a nice boat somewhere hot. Then just travel between them and probably start some businesses or invest in some businesses.

I'd probably be happy with a coffee shop/b&b in costa rica in Samara beach. Spend a few months there, then head off somewhere else and just repeat.

Probably get in to property development as well.