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What would you do if you got one million pounds?

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Originally posted by: timsweb
Originally posted by: Eli
Why the fsck do you call them pounds?

It doesen't even make any sense.

"Yeah, I just won 100lbs."

100lbs of what? Rocks? feathers? adult toys?
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Pounds, is the Uks currency,

Bump
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he was being sarrrcasssssticc

i'd buy a genie

-Vivan
 
Originally posted by: konichiwa
Originally posted by: Atomicus
Its called convert to American and then put it in a savings account. Use the interest for investing
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Yeah, the .2% interest, about 4k a year. In the lap of luxury!
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with a million dollars you can easily get banks to give you interest rates around 6%

so that would be 60K pounds to live off of a year or invest in risky ventures.
 
Originally posted by: Ameesh

with a million dollars you can easily get banks to give you interest rates around 6%

so that would be 60K pounds to live off of a year or invest in risky ventures.
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Doesn't seem much after taxes though.
 
Originally posted by: Ranger X
Originally posted by: Ameesh

with a million dollars you can easily get banks to give you interest rates around 6%

so that would be 60K pounds to live off of a year or invest in risky ventures.
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Doesn't seem much after taxes though.
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you'd most likely pay capital gains tax on the 60K which is better then paying income tax.

edit: you do know that 1 GBP is ~2 USD so even after taxes and such you are talking about getting ~92K a year post tax.
 
I would pay Anand to ban anyone who posted YAWWYDWMDT's

(Yet Another What Would You Do With a Million Dollars (or pounds) Thread)

This is done almost weekly...
 
I'm surprised no one has mentioned Bare Naked Ladies version of "If I had a Million Dollars." 😀
 
1. pay off the rest of my car loan.
2. pay off my credit card
3. take the remaining half and invest in Loris Mutual Funds, take the other half of it to my friend, Asindujulah, who works in securities...
4. profit.
 
I would take the million and open an account with a prominent casino. Then I would go there and get treated like a whale for the weekend, and then leave without gambling.
 
Originally posted by: Atomicus
Its called convert to American and then put it in a savings account. Use the interest for investing
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A savings account? You'd do a lot better with bonds, and almost as safe, plus provides you with a steady form of income over the life of the bond (or untill you transfer ownership)
 
I'd probably blow 100K right off the bat -- give my parents enough money to make some major improvements to the house that they've wanted to make since we moved in (totally gut and remodel the first floor, and renovate all the bathrooms), put a downpayment on a house for my sister and her fiance, and buy myself a new car.

I'd use the rest to suppliment my income. Ideally, I'd be able to use the intrest to pay the rent on a nice apartment, so I could devote my paycheck to food, utilities, and electronic gadgets 😛
 
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