- Joined
- 14 Jan 19
- Moves
- 4094
@ghost-of-a-duke saidDon't forget we are all family.
I'd give up work immediately. Travel. Help family.
@a-unique-nickname saidYou’d get a decent monthly drawdown on fixed investment.
I'd stick about half in a fixed term savings account, and continue to do so year after year as long as interest rates remain decent.
With the rest I'd give some to family, maybe a tenner each, travel and start some kind of small charity or business, or both.
I’ve read articles saying that if you haven’t started and run a successful business before a big win, then don’t do it afterwards. I’m not sure that entirely right, but definitely some truth in it. You could burn through a lot of your 10 mil.
The charity is appealing, but they are also a business in many ways. You could invest you way into something already established and get stuck in on a personal level.
76d
@pettytalk saidYou are like the great uncle we see once a year in Basingstoke.
Don't forget we are all family.
- Joined
- 10 Jan 08
- Moves
- 16955
@divegeester saidAbout £20k a month on current rates
You’d get a decent monthly drawdown on fixed investment.
I’ve read articles saying that if you haven’t started and run a successful business before a big win, then don’t do it afterwards. I’m not sure that entirely right, but definitely some truth in it. You could burn through a lot of your 10 mil.
The charity is appealing, but they are also a business in many ways. You could invest you way into something already established and get stuck in on a personal level.
The business/charity wouldn't be in the UK, or anywhere in Europe, low costs.
I wouldn't touch someone else's charity, how can you trust it?
76d
@david-burton saidMy dentist is called Dave. (An obvious digression).
Change my name to dave badger.
- Joined
- 10 Jan 08
- Moves
- 16955
@david-burton saidI'll sell you dives real first name for a donut and a bag of skittles.
Change my name to dave badger.
@ghost-of-a-duke saidCould you imagine paying a £5,000 ransom for him? 🤔
I only have a hypothetical dog. 🙂
76d
@divegeester saidBuy property in different parts of the world.
What would you do with it?
What problems might you encounter?
First thing you’d buy?
Detailed or one liner responses welcome.
Rent out these properties.
All problems can be eliminated by telling noone.
Not even a wife unless the wife is able to be discreet.
Help people I know who are needy.
Eg finance some poor persons education
Give some money to repair their home.
That kinda stuff.
76d
@drewnogal saidMy hypothetical dog is now a hypothetical owl who doesn't give 2 hoots.
Could you imagine paying a £5,000 ransom for him? 🤔
76d
@rajk999 saidProperty investment and helping people seem to be a popular the most popular ideas so far.
Buy property in different parts of the world.
Rent out these properties.
All problems can be eliminated by telling noone.
Not even a wife unless the wife is able to be discreet.
Help people I know who are needy.
Eg finance some poor persons education
Give some money to repair their home.
That kinda stuff.
I like Ponderable’s idea of buying accommodations and renting them out on a budget to low income families; I could see me doing a bit of that in my local town. I don’t think I’d buy to rent as a main investment as it’s becoming a hassle here in the UK.
Homes abroad could work; I’d look for a place to buy in Greece or Spain which could be a real “home from home”.