Just Imagine
Exactly, get an annuity, you get a higher % payoutma71lda wrote:If I was lucky enough to get a sniff of £1M first thing I'd do is put £500k in an account that pays at least 5% net interest, thats me retired. Then I'd be mortgage free in a nice house with an Audi Q7 on the driveway for the local chavs to brick. And yes, I'd carry on playing :P
from your capital due to the risk of you dying within a few years.£1m should give any adult over £30k per year.
I'd do the same with the first 500k as you, and with the other I'd start 'entertainment centres' (sorry gambling arcades) and take another big income from you muppets playing my machines, thinking you beat them in the long-term. "Show me a man with a system, I'll send him a taxi"Pingo wrote:Exactly, get an annuity, you get a higher % payoutma71lda wrote:If I was lucky enough to get a sniff of £1M first thing I'd do is put £500k in an account that pays at least 5% net interest, thats me retired. Then I'd be mortgage free in a nice house with an Audi Q7 on the driveway for the local chavs to brick. And yes, I'd carry on playing :P
£1m should give any adult over £30k per year.
You'd be a fool to buy a house outright.(unless you are wreckless with money and just want the knowledge that whatever happens you own the house)ma71lda wrote:If I was lucky enough to get a sniff of £1M first thing I'd do is put £500k in an account that pays at least 5% net interest, thats me retired. Then I'd be mortgage free in a nice house with an Audi Q7 on the driveway for the local chavs to brick. And yes, I'd carry on playing :P
Let the bank pay your mortgage for you
.Why would buying a house outright be foolish? If you've got the money be sensible and be mortgage free, it'll give my family piece of mind and even if house prices drop and you end up with negative equity it won't matter cause you'll be there for the long run.
How would the bank pay your mortgage for you? Elaborate!
How would the bank pay your mortgage for you? Elaborate!
( How many of us are going to be millionaires though, apart from Lukestar 
If I won a million, I'd bet all of that on the fact that at least 50% of the people on this board would gamble their million away. Paradoxical eh?
Anyway. Billionaires are the new millionaires. There are loadsa millionaires about, loadsa of them. It's all about contented pigs and confused Socrates. Before we get into that, I imagine it's rare just to have £1M liquid cash floating in a high savings account. Most people who have got there the hard way will have money tied up in business assets and will draw a wage for themselves. There most be loads of millionaires who could sell it all up, pay the fees and Boooosh, after tax, there's your 30K interest bloopla. Doesn't quite work like that though does it? Why not? Not quite sure. I think it's something to do with drive, greed, determination, old habits dying hard, enjoying making money. God knows.
If I won a million. Right.
Well I'd give up proper work. Yeah baby, for sure.
As for investiture. Let's jump that hurdle when we've finished running the 100m.
Would I never gamble again? Don't be clucking daft, gambling is in the blood. Some people are drug takers, some are gamblers, some are nymphomaniacs and some just like making petty rules such as "Don't put the red biros in the same pot as the blue biros" then drawing up a standard operating procedure relating to correct biro handling procedure. Twats.
So yeah. I'd still walk into the pub. I'd never play on my own. I'd pay an entourage to laugh at my jokes, polish my forehead and sympathise with my bad beat stories when the going got bad. I wouldn't care as much the machine had take £100 and still looked dead. In fact if there was a good program on the TV I'd say fook it, let's go home.
PISH PISH PISH balls. Who am I trying to kid? I'd still try and cane it for every last drop of value and curse like a trooper whilst doing so. I'm not having some scumbag hovering up my misfortune. Old habits die hard.
However after losing a 2'er a 3'er or even a 1.8'er (bit mad on the old B3s that day) I could go home, fire up the old poker, whack a few grand on the ol' £5/£10 NL tables. Lose the lot and watch the ground rising up to meet me. Bung a few Ks on penny shares, slam dunk some FOBTs, spunk into some B3s, whack a couple of lays on the GGs, knock a flash on the GGGs, eat some GGGGs (Green Giant Garden Grub) and blame it on me GGGGGs (George's gargoylish greedy gambling gremlins).
Or maybe I could invest most of it in something boring, go on a weekend to Bognor Regis, play a $2 thunderstorm and carry on working.
Contented pig, Socrates.
I don't know. It's all about compromise. Make it a $4 thunder and a week in Barbados. No need to hurry back to work. Don't play that mate, it has paid out.
Anyway. Billionaires are the new millionaires. There are loadsa millionaires about, loadsa of them. It's all about contented pigs and confused Socrates. Before we get into that, I imagine it's rare just to have £1M liquid cash floating in a high savings account. Most people who have got there the hard way will have money tied up in business assets and will draw a wage for themselves. There most be loads of millionaires who could sell it all up, pay the fees and Boooosh, after tax, there's your 30K interest bloopla. Doesn't quite work like that though does it? Why not? Not quite sure. I think it's something to do with drive, greed, determination, old habits dying hard, enjoying making money. God knows.
If I won a million. Right.
Well I'd give up proper work. Yeah baby, for sure.
As for investiture. Let's jump that hurdle when we've finished running the 100m.
Would I never gamble again? Don't be clucking daft, gambling is in the blood. Some people are drug takers, some are gamblers, some are nymphomaniacs and some just like making petty rules such as "Don't put the red biros in the same pot as the blue biros" then drawing up a standard operating procedure relating to correct biro handling procedure. Twats.
So yeah. I'd still walk into the pub. I'd never play on my own. I'd pay an entourage to laugh at my jokes, polish my forehead and sympathise with my bad beat stories when the going got bad. I wouldn't care as much the machine had take £100 and still looked dead. In fact if there was a good program on the TV I'd say fook it, let's go home.
PISH PISH PISH balls. Who am I trying to kid? I'd still try and cane it for every last drop of value and curse like a trooper whilst doing so. I'm not having some scumbag hovering up my misfortune. Old habits die hard.
However after losing a 2'er a 3'er or even a 1.8'er (bit mad on the old B3s that day) I could go home, fire up the old poker, whack a few grand on the ol' £5/£10 NL tables. Lose the lot and watch the ground rising up to meet me. Bung a few Ks on penny shares, slam dunk some FOBTs, spunk into some B3s, whack a couple of lays on the GGs, knock a flash on the GGGs, eat some GGGGs (Green Giant Garden Grub) and blame it on me GGGGGs (George's gargoylish greedy gambling gremlins).
Or maybe I could invest most of it in something boring, go on a weekend to Bognor Regis, play a $2 thunderstorm and carry on working.
Contented pig, Socrates.
I don't know. It's all about compromise. Make it a $4 thunder and a week in Barbados. No need to hurry back to work. Don't play that mate, it has paid out.
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GaryChandler
- Senior Member
- Posts: 2024
- Joined: Sun Sep 17, 2006 10:51 pm
- Location: Hampshire
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GaryChandler
- Senior Member
- Posts: 2024
- Joined: Sun Sep 17, 2006 10:51 pm
- Location: Hampshire