Investing millions

Soldato
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So, let's say tomorrow you win the lotto rollover (£42mil), yea sure, you pay off debts, buy a nice car, nice house. If you're tight like me, hand out a mil to both parents and half a mil to my sister (if I'm feeling generous).

So, let's say I'm left with £30 mil after having my initial splash out as do you. What would you do with said £30 mil?

Where would one invest such an amount? How would you even go about investing in? So many areas to put it into, and let's say you get a very low but realistic 1.5% growth on it per year. That's still £450,000. Does tax play a part in this? It's not earn't money, it's simply investment. So you could give your self an insane £37,500 a month! Which obviously is stupid, considering you initially paid off all debts, bought a car and bought a house outright at the start. I'd still work as I would not want to go insane. So I'd only take £10,000 a month personally which is more than enough to live comfortably in my opinion.

I don't have children by the way, so lets assume you don't either.

Just baffles me how those who win the lottery run out of money... Oh, I'm no finance guy, so my 1.5% is probably way off, as is my assumption of tax. Who knows!
 
Soldato
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Ok, so, how about this, I am getting my several hundred k a month from interest. Can I put that into my own company, then pay my self minumum wage with a shed tonne of dividends pay?

It's how I used to roll as a contractor. 20% tax, mmmmmm.
 
Soldato
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It's a shame there aren't any finance gurus in here giving answers as I think it's an interesting question.

Someone on Reddit once gave a detailed response of what to do after winning the lottery, but it's rather US-centric; https://www.reddit.com/r/AskReddit/..._a_656_million_dollar_lottery_what_do/chba4bf

I'd like to see a UK equivalent.

Thanks man, I thought it would be a good question and a fun one. Get's you thinking. Maybe those that won lost their fortune by not thinking about long term investment and spending.
 
Soldato
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Aye, the more I'm reading about it, the more stress it looks! Insane really.

Sure, the initial blow out would be wonderful, but it's looking like hell from there on out. I suppose unless you've grown up/created your own fortune. You simply wouldn't be able to adjust fast enough to truly keep it together.
 
Soldato
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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.

Just read the article posted here from reddit earlier in the thread. I'm now convinced never to actually 'hand out cash' to anyone, even family. Simply setup a trust fund for them. Have a read, really interesting.
 
Soldato
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Investing in casinos??? In Las Vegas????? Not with a lottery win you won't. They are worth BILLIONS.

Unless you mean hitting the tables, in which. Enjoy lol.
 
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