Investing millions

I'd invest a good chunk in land, but apart from that it'd probably be the usual blue chip stock investments to manufacture a nice wage for living off.

Really depends on the size of the win as to how best the spending should be dealt with.
 
Would you really give your parents 10 mill, i sure as would not, they wouldn't even need that kind of money at their age, why would you put money for retirement you already are retired when you win the jackpot.
 
Yeah I'd give my parents 10mil probably cost enough raising me seems only fair to pay them back with interest.

I don't think I could retire on it I'd get so bored :(.
 
Mynight said:
Yeah I'd give my parents 10mil probably cost enough raising me seems only fair to pay them back with interest.

I don't think I could retire on it I'd get so bored :(.
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See i don't get bored, i have enough hobbies to keep me going, i am fairly laid back to be honest believe it or not lol, vast amounts of money would change me I'm sure it would, all spent on good things:)
 
I have yet to find a hobby I enjoy :(. Last one I enjoyed (programming) I turned into a small business so its no longer a hobby :(.

Guess with 40million I would have enough time and money to find one I do like :D.
 
Going back to my first post, i still think there are a lot very greedy people on these forums, always wanting more money and for what, it doesn't make you a better person having a ton of cash and being greedy:)
 
Mynight said:
Yeah I'd give my parents 10mil probably cost enough raising me seems only fair to pay them back with interest.

I don't think I could retire on it I'd get so bored :(.
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If someone is rich and bored the problem is their mind and working for someone else in exchange for money they don't have any use for wouldn't solve that problem.
 
sigma said:
40 mill wouldn't really be enough, especially after building my own personal racetrack :cool:

You could easily spend it. Buy/invest in a sports club, for example, and that money would be gone in seconds.

Invest in research as well as charity foundations etc - millions used up easily.
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You are quite right, 40 million Sterling is not a huge amount once you get fancy ideas. I won't say who this is, but he built his own personal track at his house in Brazil, and has all the toys. Needs the income of a large supermarket chain to keep it going though!


http://www.gatesgarth.com/Brazil/Thumbnails.html

I once asked my accountants what businesses they dealt with were the most profitable. Care homes and an abortion clinic were by far their most lucrative clients. So a blunt pair of scissors and a 50 bedroom ropey ex hotel, and a few "dubious" ethnic doctors on the payroll and your on the way to another 40 million ;)


People with old money are far more likely to keep hold of it than people with new money and "aspirations".
 
I'm 28 and I'd retire tomorrow night if I won, I certainly wouldn't get bored, there are nearly 200 countries in the world, I'd make sure I could visit a vast swathe of them for weeks at a time, ontop of that I could think of at least 30 different hobbies/activities I could use to fill my time in one way or another.
 
I'd probably buy a couple of houses for parents/brother and give them some cash to live comfortably for the rest of their life, but rather than a lump sump, give them a piece of it every year. It'd be more than if they worked, so it'd be up to them if they continued working or not.

For the rest, I'd probably leave most in accounts and use the interest earned as a wage for myself, but still continue the training I'm doing now to become a pilot. Probably buy a private plane though!
 
Dynix said:
For the rest, I'd probably leave most in accounts and use the interest earned as a wage for myself, but still continue the training I'm doing now to become a pilot. Probably buy a private plane though!
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People were asking how lottery winners go broke, this is why ^

For £40mil you'd need 533 different accounts so you didn't lose anything in another financial crash as only 75,000 is guaranteed. Interest @0.5% on that would only be something (relatively) crap like £120,000 per year after tax. The private jet alone will cost roughly £500k - £1mil per year just to run meaning that if you never spent another penny you could potentially be broke in 45 years. Chuck in things like fancy houses, cars, giving money to family and you will be broke long before that.

I'd pay people to look after my money for me and go back to school so i understood what they were doing making it less likely to be ripped off.
 
Mynight said:
I thought it was 75k per person not account.

Is anything safe in a financial crash though?
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It's per account per financial institution iirc so you can't just make loads of accounts at the same bank either. Not that it matters though as it's the kind of thing Micky Carol probably did and not what any sane person would do long term after listening to even just the advise from the advisers the lottery would set you up with.
 
Given the lost causes the national and global lotteries seem to invest ticket sales in I am not at all sure I would have much faith in their advisers.

"Now Sir, I really would suggest you put a few million in this wonderfully buoyant company, offering brass rubbing degrees for bisexual Ethiopians. Or maybe we could invest a few mill in this little go getting company, offering courses in boat building and parrot keeping for Somalian transgender pensioners?"


I think I'd go it alone and get it out of the UK and Europe as intact as possible ;)
 
I don't know how you could get bored on that much money just from the interest, just make sure you don't mix with the wrong types & dabble in "substances".

There are millions of things you could do with your time, i'd probably spend my days doing up classic cars with an almost unlimited budget that 30k+ a month would give.
 
I think I could happily live out my days on the interest alone.

I'd do the usual, buy a nice house, set up trusts for the children and family (as per the reddit link idea on page 2).

I wouldn't go down the route of trying to double/triple my money. I'd find plenty of things in life to do with my time.

Hopefully be able to set my family up for the next couple of generations.
 
Spook187 said:
Would you really give your parents 10 mill, i sure as would not, they wouldn't even need that kind of money at their age, why would you put money for retirement you already are retired when you win the jackpot.
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Yeah I would.... it's not like they haven't raised me etc is it and besides I did say they'd be the ones dealing with giving money to the rest of the family so 10mil is pretty good value to stop the rest of the family coming to me :D

Retirement money is so that if I do 'enjoy myself' too much with boys toys, women etc I still have something to live on when I'm older, same principle with all the 'doomsday' stuff it's more a just in case so there's nothing to say I can't use it later :)
 
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lsg1r said:
Yeah I would.... it's not like they haven't raised me etc is it and besides I did say they'd be the ones dealing with giving money to the rest of the family so 10mil is pretty good value to stop the rest of the family coming to me :D
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do you not think that's actually a bit of a burden to heap on your parents?
 
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