you just won...
- Thread starter negt
- Start date
I'd buy a couple dozen gold and silver sedans and stack them up into a Xmas tree in my front yard.
Something like the blocks and books here...
http://www.news.com.au/lifestyle/ho...around-the-world/story-fneuz5ql-1226778110475
Something like the blocks and books here...
http://www.news.com.au/lifestyle/ho...around-the-world/story-fneuz5ql-1226778110475
What about play money, for other investments/business ventures?
Passive property/shares investment is very boring.
If you instantly had that much property, you would want to do more and more generally.
To do this, you need to have some play funds available.
Personally, my play funds would probably be 20 out of the 50 mil.
i'd donate a mill to the Syrian refugees. Some to the Philippines typhoon victims then go backpacking until I had my fill of travelling.
I'd put together a strategy to preserve and grow the wealth.
i'd buy commercial property, blue chip tenants only on long term leases.
i'd apportion a small amount for angel investing in startups for kicks (a small fund of say 2 mill to begin) and foster entrepreneurs getting started in Perth.
I would consider apportioning some to blue chip stocks for the long term and perhaps a small amount (<5%) in gold bullion.
I'd put together a strategy to preserve and grow the wealth.
i'd buy commercial property, blue chip tenants only on long term leases.
i'd apportion a small amount for angel investing in startups for kicks (a small fund of say 2 mill to begin) and foster entrepreneurs getting started in Perth.
I would consider apportioning some to blue chip stocks for the long term and perhaps a small amount (<5%) in gold bullion.
Don't know.
Barely enough to buy a house.
http://www.dailytelegraph.com.au/ne...-after-six-years/story-fni0cx12-1226713612267
Barely enough to buy a house.
http://www.dailytelegraph.com.au/ne...-after-six-years/story-fni0cx12-1226713612267
Enter philanthropic mode -- deploying plenty of the windfall towards startups/businesses/ideas/products that could and/or would positively change the lives of others. The more people impacted, the better.
Naturally, I'd also invest in income producing assets to ensure I didn't run out of steam down the track.
Naturally, I'd also invest in income producing assets to ensure I didn't run out of steam down the track.
Invest the lot in a conservative portfolio then travel the world looking for good causes to support.
As I rarely buy tickets I don't speculate.
Before we discovered property investment lottery tickets were my wife's only form of retirement planning.
My dad list tens of thousands of dollars pursuing the dream, having been scammed by more than one of these phantom lottery scams. "You are already a winner...".
Before we discovered property investment lottery tickets were my wife's only form of retirement planning.
My dad list tens of thousands of dollars pursuing the dream, having been scammed by more than one of these phantom lottery scams. "You are already a winner...".
I buy for the chance, who knows, I'm a very lucky person 
When I win... bigger everything
Bigger portfolio, bigger house (small house but big garden), bigger dog, bigger leg space in the plane. Told hubby that I will donate several grands to pet rescue if I win, and pay for a friend's big holiday.
When I win... bigger everything
Bigger portfolio, bigger house (small house but big garden), bigger dog, bigger leg space in the plane. Told hubby that I will donate several grands to pet rescue if I win, and pay for a friend's big holiday.
I buy for the chance, who knows, I'm a very lucky person
When I win... bigger everything
Bigger portfolio, bigger house (small house but big garden), bigger dog, bigger leg space in the plane. Told hubby that I will donate several grands to pet rescue if I win, and pay for a friend's big holiday.
So its true size matters
So its true size matters
Yep. Until a certain threshold size matters - you can't optimally use something that's too big for you.
I like this.
For those who donate first, you will be eroding your capital and your recipients may not make best use of funds if received in one lump sum.
Wouldn't it be better to feed them an ongoing cash support over time from your ever growing investment base?
Don't know.
I reckon it would be kind of depressing to win that much money. You would have nothing to be proud off because you basically got a free ticket to do whatever you please. Your life would have little purpose really. Imagine all the friends and relo's that would come out of the wood work looking for a cut too.
I would kind of be happier winning 1 million than 50 million. 1 million would help to acheive more but wouldn't turn you into some kind of lotto mutant.
I reckon it would be kind of depressing to win that much money. You would have nothing to be proud off because you basically got a free ticket to do whatever you please. Your life would have little purpose really. Imagine all the friends and relo's that would come out of the wood work looking for a cut too.
I would kind of be happier winning 1 million than 50 million. 1 million would help to acheive more but wouldn't turn you into some kind of lotto mutant.
Don't know.
I reckon it would be kind of depressing to win that much money. You would have nothing to be proud off because you basically got a free ticket to do whatever you please. Your life would have little purpose really. Imagine all the friends and relo's that would come out of the wood work looking for a cut too.
I would kind of be happier winning 1 million than 50 million. 1 million would help to acheive more but wouldn't turn you into some kind of lotto mutant.
Thought about this too... but winning $50M doesn't mean you can't do something meaningful with it no? You can make your own challenge of growing that $1M and leave the rest untouched
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