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You win the equivalent of £10,000,000

You win the equivalent of £10,000,000

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PettyTalk

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14 Jan 19
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@ghost-of-a-duke said
I'd give up work immediately. Travel. Help family.
Don't forget we are all family.

diver

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@a-unique-nickname said
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.
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.

diver

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@pettytalk said
Don't forget we are all family.
Indeed!

Ghost of a Duke

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@pettytalk said
Don't forget we are all family.
You are like the great uncle we see once a year in Basingstoke.

A Unique Nickname

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@divegeester said
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.
About £20k a month on current rates

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?

R
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Change my name to dave badger.

Ghost of a Duke

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@david-burton said
Change my name to dave badger.
My dentist is called Dave. (An obvious digression).

A Unique Nickname

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@david-burton said
Change my name to dave badger.
I'll sell you dives real first name for a donut and a bag of skittles.

happy chappy

On my arse

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I'd be very careful as I am a chronic indulgencer.
(Quick, take a peek at word restoration and you may think of the answer)

Drewnogal
Constant Gardener

The Plot

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@ghost-of-a-duke said
I only have a hypothetical dog. 🙂
Could you imagine paying a £5,000 ransom for him? 🤔

Rajk999
Kali

PenTesting

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@divegeester said
What would you do with it?
What problems might you encounter?
First thing you’d buy?

Detailed or one liner responses welcome.
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.

Ghost of a Duke

Joined
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@drewnogal said
Could you imagine paying a £5,000 ransom for him? 🤔
My hypothetical dog is now a hypothetical owl who doesn't give 2 hoots.

diver

Joined
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@rajk999 said
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.
Property investment and helping people seem to be a popular the most popular ideas so far.

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”.

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