FabSwingers.com > Forums > The Lounge > how would you spend your wins
how would you spend your wins
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Buy a house for me.
One for my parents.
Pay off my sisters mortgage.
Get everyone cars (learn to drive first)
Some to charitys that mean a lot to me.
Put some away for when my son is older.
Holiday to Disney in florida for the whole summer holiday.
Put the rest away to get interest. |
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By (user no longer on site)
over a year ago
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"Id look after my friends and family. Most of it if leave in the bank and live on the interest  "
How much interest at current rates so you think you would earn on£50m in the bank?? |
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By (user no longer on site)
over a year ago
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"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??"
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you. |
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By (user no longer on site)
over a year ago
|
"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you. "
At current rates, an assuming you didn't give any away, you would be lucky to get £75k , year in the bank before tax, so about £50k afterwards, not bad, but a lot less than many would think. Diversification is great but carries risk, sticking it in the Ftse would have seen you lose about 15% since the middle of last year!
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By (user no longer on site)
over a year ago
|
"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you.
At current rates, an assuming you didn't give any away, you would be lucky to get £75k , year in the bank before tax, so about £50k afterwards, not bad, but a lot less than many would think. Diversification is great but carries risk, sticking it in the Ftse would have seen you lose about 15% since the middle of last year!
"
I could squeeze £300k pre tax out of it in a range of fairly non-risky investments. Less effort to just spend it  |
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By (user no longer on site)
over a year ago
|
"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you.
At current rates, an assuming you didn't give any away, you would be lucky to get £75k , year in the bank before tax, so about £50k afterwards, not bad, but a lot less than many would think. Diversification is great but carries risk, sticking it in the Ftse would have seen you lose about 15% since the middle of last year!
I could squeeze £300k pre tax out of it in a range of fairly non-risky investments. Less effort to just spend it "
Probably even more, but scary how little return you can get on big cash deposits these days, low interest rates are great for borrowers but shit for net savers! Anything other than cash carries risk, but being sensible you can do better than the 0.0015% currently offered! |
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By (user no longer on site)
over a year ago
|
"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you.
At current rates, an assuming you didn't give any away, you would be lucky to get £75k , year in the bank before tax, so about £50k afterwards, not bad, but a lot less than many would think. Diversification is great but carries risk, sticking it in the Ftse would have seen you lose about 15% since the middle of last year!
I could squeeze £300k pre tax out of it in a range of fairly non-risky investments. Less effort to just spend it
Probably even more, but scary how little return you can get on big cash deposits these days, low interest rates are great for borrowers but shit for net savers! Anything other than cash carries risk, but being sensible you can do better than the 0.0015% currently offered!"
As someone pretty much entirely debt financed I don't think I'll start caring about the effect of low interest rates on net savers for a few years yet. (Except in a work context where yes, it's a right bugger trying to get a decent rate of return!) |
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buy any house available the next day that isn't in yorkshire. get a taxi to said house regardless of how far away it is. buy all new furniture and clothes and stuff. buy a fuck load of 'Jamaican woodbine tobacco' and spend the week in a giggle induced coma. |
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By (user no longer on site)
over a year ago
|
"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you.
At current rates, an assuming you didn't give any away, you would be lucky to get £75k , year in the bank before tax, so about £50k afterwards, not bad, but a lot less than many would think. Diversification is great but carries risk, sticking it in the Ftse would have seen you lose about 15% since the middle of last year!
I could squeeze £300k pre tax out of it in a range of fairly non-risky investments. Less effort to just spend it
Probably even more, but scary how little return you can get on big cash deposits these days, low interest rates are great for borrowers but shit for net savers! Anything other than cash carries risk, but being sensible you can do better than the 0.0015% currently offered!
As someone pretty much entirely debt financed I don't think I'll start caring about the effect of low interest rates on net savers for a few years yet. (Except in a work context where yes, it's a right bugger trying to get a decent rate of return!) "
For our poor old pensioners, they are actually getting a negative return when inflation is taken into account! Which I think would lead me to spending it and having a f&@king awesome time while I can |
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By (user no longer on site)
over a year ago
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"First I would change my profile to include how much I had won
If that don't get interest, nothing bloody will "
Lol, you will still need to be 6"+, vwe, good looking, gym fit, clean, personable etc. Fab is a tough crowd!! |
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"Fucking big house in Cheshire, Aston, Lambo, fast bikes, Champers, nose bag and a yacht. As I'm not a frivolous person"
I thought a nose bag was what horses ate out of? or am I thinking of the wrong nose bag? |
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By (user no longer on site)
over a year ago
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"Fucking big house in Cheshire, Aston, Lambo, fast bikes, Champers, nose bag and a yacht. As I'm not a frivolous person
I thought a nose bag was what horses ate out of? or am I thinking of the wrong nose bag?"
in the context...i'm thinking head |
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By (user no longer on site)
over a year ago
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I thought about this earlier...id go on a spending spree and probably still have 49 million left over 
I'd try to help people and set up a business to keep myself occupied doing something I enjoy. |
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By (user no longer on site)
over a year ago
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"I thought about this earlier...id go on a spending spree and probably still have 49 million left over
I'd try to help people and set up a business to keep myself occupied doing something I enjoy."
That isn't trying hard enough, am sure you could spend more than that |
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By (user no longer on site)
over a year ago
|
"Id look after my friends and family. Most of it if leave in the bank and live on the interest
How much interest at current rates so you think you would earn on£50m in the bank??
Left languishing in the bank? Bugger all. Properly invested in a varied portfolio there would be enough to have a nice existence on, but it won't be as much as people expect.
I would spend it all, I'm 31 now so if I spend at a rate of say a million a year that'll keep me ticking over nicely for the rest of my life. You can't take it with you.
At current rates, an assuming you didn't give any away, you would be lucky to get £75k , year in the bank before tax, so about £50k afterwards, not bad, but a lot less than many would think. Diversification is great but carries risk, sticking it in the Ftse would have seen you lose about 15% since the middle of last year!
I could squeeze £300k pre tax out of it in a range of fairly non-risky investments. Less effort to just spend it "
I suppose being non-risky and using banks would mean opening 667 or more accounts with separate banks to stay within the £75000 deposit protection scheme too... a bit of a first world problem that. Like you say it's probably much less effort to just spend it. |
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I would find a nice house somewhere hot.. install a chef and a trainer to get me fit and lose 4 or 5 stone. would stay there till it was all lost . Then come back to Uk Find a couple or three nice houses for the kids Buy up a few houses that need work and get them done up to let. The kids can run the business between them so they have a good income.
Find me a nice house and get a live in housekeeper. So someone is always home to look after the birds.
Buy a place on a golf course for the ole man and send him off to enjoy himself.
I would travel a fair bit.
Put a million into the local hospice and other charities as I remember. I think sensible property investment is probably better than trying to find anywhere that gives good interest.
50 million is alot of money wow the possibilities are endless.
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