matey Posted January 25, 2006 Share Posted January 25, 2006 I mean do I offer £500,000 below on that £2million starter home or wait? What will the interest be on this £100million while I wait? Link to comment Share on other sites More sharing options...
?...! Posted January 25, 2006 Share Posted January 25, 2006 I mean do I offer £500,000 below on that £2million starter home or wait? What will the interest be on this £100million while I wait? Well it depends HSBC will give you 8% which is £8 million. I would personally buy a £5million yacht and spend the rest of my days in the Carribean Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 25, 2006 Share Posted January 25, 2006 At 5% interest you get 5 million a year - you then pay 40% tax on that so you will end up with 3 million a year after interest. Is that enough for you? You will probably get offered a higher than standard rate by a bank in order to keep the 100 mill in their bank - don't forget, don't keep more than 30K in each bank! Link to comment Share on other sites More sharing options...
CrashBear Posted January 25, 2006 Share Posted January 25, 2006 give half to charity, then throw the rest away on a portfollio on new build flats! Link to comment Share on other sites More sharing options...
Jason Posted January 25, 2006 Share Posted January 25, 2006 I don't think it matters how rich you are, no one wants to be ripped off. Actually, I would offer 32% less (as that is what houses are overvalued by) - on the knowledge that I could pay 200% more if I wanted. Link to comment Share on other sites More sharing options...
New Darker Law Posted January 25, 2006 Share Posted January 25, 2006 I think if I won that amount I wouldn't wait any longer on buying a place. To placate my sense of guilt for not staying true to the HPC cause, I would purchase houses in various areas and sell them cheap as chips, losing 50k here and 30k there. This would show up on nethouseprices and make it harder for others to acheive high prices in that area. NDL Link to comment Share on other sites More sharing options...
?...! Posted January 25, 2006 Share Posted January 25, 2006 I think if I won that amount I wouldn't wait any longer on buying a place. To placate my sense of guilt for not staying true to the HPC cause, I would purchase houses in various areas and sell them cheap as chips, losing 50k here and 30k there. This would show up on nethouseprices and make it harder for others to acheive high prices in that area. NDL Balls to that you could have a 24 hour property TV channel and just run loads of the Market is screwed and are you stupid reports. Link to comment Share on other sites More sharing options...
SarahBell Posted January 25, 2006 Share Posted January 25, 2006 Well it depends HSBC will give you 8% which is £8 million. I would personally buy a £5million yacht and spend the rest of my days in the Carribean its 8% on a £250 per month savings scheme. Link to comment Share on other sites More sharing options...
?...! Posted January 25, 2006 Share Posted January 25, 2006 its 8% on a £250 per month savings scheme. Yea, so you just get your 33,333 most trusted friends to open an account and make a deposit every month for you, then withdraw at the end of the year. Quite simple really Link to comment Share on other sites More sharing options...
oracle Posted January 25, 2006 Share Posted January 25, 2006 Well it depends HSBC will give you 8% which is £8 million. I would personally buy a £5million yacht and spend the rest of my days in the Carribean not so fast,the max on that is £250 a month!!....only gives an avg of 4%pa anyway,ok if you can only dripfeed a little bit. Link to comment Share on other sites More sharing options...
Smell the Fear Posted January 25, 2006 Share Posted January 25, 2006 If I banked £100m I would not worry about house prices at all. I would buy somewhere I would be happy and watch with interest from the sidelines. Link to comment Share on other sites More sharing options...
apom Posted January 25, 2006 Share Posted January 25, 2006 I mean do I offer £500,000 below on that £2million starter home or wait? What will the interest be on this £100million while I wait? I am going to win, so I am afraid its tough.. I never buy tickets.. This time it is in the stars.. I would build a house with a moat and a batcave.. but I think first I would grab my passport, make sure someone was looking after my cat.. grab the missus and just go to an airport.. Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted January 25, 2006 Share Posted January 25, 2006 At my age it`s a waste of time winning £100 million so here are the winning numbers for this Friday. 16, 24,33,37,39 and the lucky numbers 2, 6 Link to comment Share on other sites More sharing options...
New Darker Law Posted January 25, 2006 Share Posted January 25, 2006 At my age it`s a waste of time winning £100 million so here are the winning numbers for this Friday. 16, 24,33,37,39 and the lucky numbers 2, 6 Oh man, I wonder how many will put these numbers on? Oh man, just imagine they were the winners! Oh man, that'd be sweet justice. Oh man, is this an omen? NDL Link to comment Share on other sites More sharing options...
Smell the Fear Posted January 25, 2006 Share Posted January 25, 2006 Oh man, I wonder how many will put these numbers on? I was thinking about that - if hundreds do it they'll only get enough for a studio flat each. Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted January 25, 2006 Share Posted January 25, 2006 I was thinking about that - if hundreds do it they'll only get enough for a studio flat each. I`m a great believer in wealth being fairly distributed. Link to comment Share on other sites More sharing options...
Smell the Fear Posted January 26, 2006 Share Posted January 26, 2006 I`m a great believer in wealth being fairly distributed. Excellent. If I give you my paypal account details, can you put in whatever you think is fair? Link to comment Share on other sites More sharing options...
homeless Posted January 26, 2006 Share Posted January 26, 2006 you wouldnt be paying no 40% tax you would shift the lot to switzerland and invest the taxable portion in shares through a fund manager, thus spending money you would have paid on tax on speculation for yourself instead. i would buy small house by the sea with a bit of land, and use the rest and profit from it to buy up land that i would turn back into a natural wilderness. Link to comment Share on other sites More sharing options...
Rave Posted January 26, 2006 Share Posted January 26, 2006 Personally I'd buy a military surplus C-130 and sizeable tracts of land in Afghanistan, Bolivia and Argentina. Then I'd spend the next 50 years getting high on speedballs and fillet steak . Link to comment Share on other sites More sharing options...
Tempest Posted January 26, 2006 Share Posted January 26, 2006 Ordinarily I'd say you were mad to do a lottery (although I have done it myself now and then) given the odds against winning and the prizes etc. However, here I think you would be mad NOT to enter the lottery on Friday - the odds against the jackpot are I think 76 million to 1. And the prize is nearly £100 million. So it looks like your bet has positive expectation does it not? If you did the same thing 76 million times on average you'd come out with £24m profit in the long run. Or if you had £76m hanging around now you could buy every ticket and make an instant 30% profit. This all assumes one rather than multiple winning tickets but the liklihood of multiple winning tickets on the euromillions is far lower than on the regular lottery (which is why it has rolled over so much and did again last week despite higher ticket sales). So, buy £100+ of tickets with your STR/FTB fund and know that you are making a (theoretically) profitable and reasonably logical decision. Or am I talking rot? Link to comment Share on other sites More sharing options...
newbie Posted January 26, 2006 Share Posted January 26, 2006 Ordinarily I'd say you were mad to do a lottery (although I have done it myself now and then) given the odds against winning and the prizes etc. However, here I think you would be mad NOT to enter the lottery on Friday - the odds against the jackpot are I think 76 million to 1. And the prize is nearly £100 million. So it looks like your bet has positive expectation does it not? If you did the same thing 76 million times on average you'd come out with £24m profit in the long run. Or if you had £76m hanging around now you could buy every ticket and make an instant 30% profit. This all assumes one rather than multiple winning tickets but the liklihood of multiple winning tickets on the euromillions is far lower than on the regular lottery (which is why it has rolled over so much and did again last week despite higher ticket sales). So, buy £100+ of tickets with your STR/FTB fund and know that you are making a (theoretically) profitable and reasonably logical decision. Or am I talking rot? Think of it as a Super Premium Bond, but one where you don't get your capital back if you lose. Link to comment Share on other sites More sharing options...
Michael Posted January 26, 2006 Share Posted January 26, 2006 I wouldn't touch property as an owner till it's gone down a bit (at least 10%)........even if ihad £100 million...You see however much money I had I wouldn't want ripping off...Would wait and pick up TTRTR's portfolio for two thirds of its current ''value'' when things get messy.. Link to comment Share on other sites More sharing options...
SarahBell Posted January 26, 2006 Share Posted January 26, 2006 And if you did win it looks like iceland might be a good bet http://www.fuelcellsworks.com/Supppage4338.html Iceland the First Country to Try Abandoning Gasoline Link to comment Share on other sites More sharing options...
apom Posted January 26, 2006 Share Posted January 26, 2006 Balls to that you could have a 24 hour property TV channel and just run loads of the Market is screwed and are you stupid reports. The market is not screwed. For it to be screwed it would have to be broken. The most clearly defined cyclical market is starting its downturn. Its done the same for donkeys years. There are rules to this market 1: Please do not be suprised, That was the only rule I can think of you wouldnt be paying no 40% tax you would shift the lot to switzerland and invest the taxable portion in shares through a fund manager, thus spending money you would have paid on tax on speculation for yourself instead. i would buy small house by the sea with a bit of land, and use the rest and profit from it to buy up land that i would turn back into a natural wilderness. No Tax, you paid the tax on the ticket. The win would be tax free. Gambling laws.. could you imagine, winning 100,000,000 and only having 60,000,000 It would be awful Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted January 26, 2006 Share Posted January 26, 2006 The win would be tax free. Gambling laws.. could you imagine, winning 100,000,000 and only having 60,000,000 It would be awful I think he was refering to the 40% tax on the interest received. Link to comment Share on other sites More sharing options...
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