If someone gave you £1,000,000.

Nevou-riche · Guest

What would you do / buy?

elliott20 · Posted: Fri May 13, 2005 1:48 pm Post subject: .

500,000 would go to into non-volatile securities, the other 300,000 would go to riskier investments and the other 200,000 would go to getting my parents that apartment along the river they always wanted so my dad can finally retire.

Jack_Cracker · Posted: Fri May 13, 2005 4:24 pm Post subject:

Personally, with £1m, I wouldn't bother with low-yield securities, gilts, etc... I would buy property.. I don't care what they say.... house price inflation + general inflation will give you at least a 7% return a year... (and don't forget rental income if you're not living there)

Although, maybe you should allow more for your dad's riverside apartment. £200k seems a bit stingy.

elliott20 · Posted: Fri May 13, 2005 5:09 pm Post subject: .

real estate in China is a bit cheaper than you'd normally think.

Guest · Posted: Fri May 13, 2005 5:17 pm Post subject:

I'd buy real estate in the U.S. with the 1M British Pounds. The dollar is so weak versus the pound you'd get twice what you could have gotten a couple years ago.

Then I'd wait a few years 'til the dollar strengthens vs. the pound at which point I'd sell. That way I'd gain on two fronts: the real estate appreciation as well as in the strengthening of the US dollar.

Guest · Posted: Fri May 13, 2005 5:17 pm Post subject:

480K in a no load/fee S&P500 index account
200K in a no load/fee Rus2000 index account
120K in a no load/fee international index account
200K in laddered 10 year treasury bills

All dividend reinvested and rebalanced monthly.
Other than that I'd ignore it for a decade or two.

Tri&Bi · Posted: Fri May 13, 2005 5:19 pm Post subject:

Honestly i'd probably ask them what they were after,as in this world you get nothing for free,or perhaps i'm too cynical Wink

Guest · Posted: Fri May 13, 2005 5:24 pm Post subject:

lol@tanstaafl

Guest · Posted: Sat May 14, 2005 8:52 pm Post subject:

New Socks.

ali_mon_x · Joined: 08 Sep 2004 Posts: 3440 Location: Norfolk, England

I would get out of this hole hole I'm forced to call home. Smile

xXx.Lesley.xXx · Posted: Sat May 14, 2005 10:36 pm Post subject:

I would buy a nice big house with a big garden, a decent car and lots of nice suff to put in my house.

I would then buy my mum a nice house. I'd buy grandmas bungalow for her so she never has to worry about rent again. I love my grandma, she is the best.

Whatever is left I'd put away and live on the interest (if thats possible)

P_1984d · Posted: Sun May 15, 2005 4:40 pm Post subject:

I'd give half to my Mum and Dad, to say sorry for the hassle the past 21 yrs.

Id buy a lovely house all decorated and lots of fab furniture.

Nice car.

Caravan Home - one you drive, Id travel everywhere in europe in it

A nice holiday

Lots of makeup and beauty products

Some to animal charity - USPCA

Loki · Joined: 12 Apr 2005 Posts: 5347 Location: Dorset, UK

Pay off mom's mortgage
Buy my own house
Buy a new car
Put the rest in a savings account.

Then my day job would pay for the bills and the interests would pay for the toys in the future! Very Happy

forum member · Posted: Sun May 15, 2005 5:36 pm Post subject:

A plasma screen the size of my wall

maybe buy a house to put it in too

Sheeps · Posted: Sun May 15, 2005 8:33 pm Post subject: