FabSwingers.com > Forums > The Lounge > Which lottery win would you choose
Which lottery win would you choose
Jump to: Newest in thread
 |
By (user no longer on site) OP
over a year ago
|
The lottery have a game going where you can win £10,000 a month for 30 years which equals to 3.6 million
Would you rather have the 10k a month for 30 years? or the 3.6 million in one lump sum?
In this situation if you have to pick one or the other. And interest isn't a thing |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *emini ManMan
over a year ago
There and to the left a bit |
"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.
No tax, no interest
Would that change your mind?"
Nope - can still make more of an immediate difference with a lump sum |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *asmeenTV/TS
over a year ago
STOKE ON TRENT |
"The lottery have a game going where you can win £10,000 a month for 30 years which equals to 3.6 million
Would you rather have the 10k a month for 30 years? or the 3.6 million in one lump sum?
In this situation if you have to pick one or the other. And interest isn't a thing"
Yes |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.
No tax, no interest
Would that change your mind?
Nope - can still make more of an immediate difference with a lump sum"
Agree. You can give some to relatives, friends with a lump sum |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.
No tax, no interest
Would that change your mind?"
Lump sum without question
Because dividends 
4% yield on 3.6million would bring in £144,000 per year
Then reinvest that and compound interest kicks in.
|
Reply privately, Reply in forum +quote
or View forums list | |
"The lottery have a game going where you can win £10,000 a month for 30 years which equals to 3.6 million
Would you rather have the 10k a month for 30 years? or the 3.6 million in one lump sum?
In this situation if you have to pick one or the other. And interest isn't a thing"
I want it all... and I want it now #
Cal  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Lump sum - I’d invest a lot of it so that it would keep generating an income. "
3.6m would get around 10k a month interest i believe! Basically if you take a monthly payment, they are paying you your interest.
Very clever.
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Believe it or not, I have never taken a lottery ticket in my life. The thought of me buying a ticket and winning a large prize money will make me feel guilty!  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Ok, lets say you are going to be alive for 30 years and you will stay healthy for 30 years.
No tax, no interest
Would that change your mind?
Lump sum without question
Because dividends
4% yield on 3.6million would bring in £144,000 per year
Then reinvest that and compound interest kicks in.
"
Please tell me where you can get a yield of 4% |
Reply privately, Reply in forum +quote
or View forums list | |
Lump sum... as the 10k per month wouldn't change life in the sence you couldn't go out and buy a house without having to save up which would kind of defeat the idea of winning big ... although I wouldn't pass up on the 10k / month either would stick mean no actual work  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Believe it or not, I have never taken a lottery ticket in my life. The thought of me buying a ticket and winning a large prize money will make me feel guilty! "
Same ! Think of it as a tax on lethargy |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *arkus1812Man
over a year ago
Lifes departure lounge NN9 Northamptonshire East not West MidlandsMidlands |
Tricky one this.
It depends what happens to the £10 k monthly payments when I die and being 80yr old that is not too far away.
Then the issue with taking the lump sum, which would be liable for death duties, arises when I die.
Think I would take the lump sum and go on a spending spree. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
10k a month
Not sure what I’d do with it but I’d like to keep being as normal as I can if I won a lot of money and I think having it drip fed to me would be best.
It’s all a bit daft though as I don’t play the lottery’s. |
Reply privately, Reply in forum +quote
or View forums list | |
Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
£10k a month, it’s a guaranteed income for 30 years whereas you blow the lump sum your left with nothing, if your sensible you won’t blow the £10k each month and save some of it.
Yes I know I’m boring..... |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"£3.6 million straight off please, nice little yacht sailing on the Ocean when this poopstorm is over would be just perfect, thank you "
What you said. The thought of open seas and marinas sailing exploring and the freedom that affords you. Brilliant |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win. "
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed |
Reply privately, Reply in forum +quote
or View forums list | |
Bloody good question POF .
If , as you say , I live another 30 years with no health issues , then I'll take the 10K a month all day long .
Guaranteed income for life virtually , and me and Pooch can just travel anywhere and make travel vlogs ( I can dream ) |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
Interest not being a thing levels it somewhat. Otherwise I'd take the lump some, buy a house for cash, then invest and live off the dividends.
I'd probably still take the lump to buy a house with no mortgage. Unless interest isn't a thing for mortgages either! |
Reply privately, Reply in forum +quote
or View forums list | |
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed"
Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed
Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute. "
Please tell which |
Reply privately, Reply in forum +quote
or View forums list | |
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed
Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.
Please tell which"
Ok - as of today the ones I’ve just checked have just dropped to 0.1 which is a tad lower than I expected, so apologies for duff info |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed
Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute. "
Nah premium bonds best place i reckon  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed
Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.
Nah premium bonds best place i reckon "
Other than for tiny amounts of money and lock-in periods the Marcus account is still the best right now at 1.3% up to 1.5 for early users, unless you’re very lucky with PB’s and have older numbers it’s gonna be hard to beat that.
Anything else is super risky. My amazon investment has made 30% so far but it could all disappear quite easily , same as anything else pretending to be a bank account |
Reply privately, Reply in forum +quote
or View forums list | |
|
By (user no longer on site)
over a year ago
|
"Lump sum - let’s say you buy a nice place for £1.5m leaving £2m left in the bank, you would then earn roughly £50k a year interest on the balance so giving you an income of around £4.5k per month, to me this is win win.
Please tell me where you can get 2.5% interest.
Plus after the first £1,000 of interest it is taxed
Private banking are still offering extremely good rates of return - tbh that’s where your cash would be rather than a high street institute.
Nah premium bonds best place i reckon "
To be honest it does make sense to get the maximum £50,000 worth of premium bonds as the prize fund is equal to 1.42% which they have just decided not to drop for the time being.
And your may win another million |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ingf5Man
over a year ago
Welling |
Lump sum. I’d be too afraid that there wouldn’t be a lottery to pay me out in 30yrs time. Plus the lump sum could have a more immediate impact on myself and others right now.
Could always just take the lump sum and set up a standing order to transfer the 10k every month. Best of both worlds that way |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
