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OzLotto at $50 million tonight

By 1 May 2012 53

On the very slight chance that someone from Canberra/Queanbeyan wins the $50mil, what would you do with all that money?!

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53 Responses to OzLotto at $50 million tonight
#1
aidan3:28 pm, 01 May 12

Become a RiotACT subscriber?

#2
fnaah3:32 pm, 01 May 12

Gosh, that’s a lot of money. Assuming I survived the week-long bender, I think I’d engage the services of an accountant and set myself up as a slumlord… er… property manager/investor.

$10mil in a conservative growth investment portfolio, $20mil on investment properties and houses for family and a clubhouse for my chosen local sporting group, $10mil on some really REALLY nice toys, and the last $10mil to charity?? I dunno.

Bit of a shame I’m not gonna buy a ticket, really.

#3
Holden Caulfield3:32 pm, 01 May 12

I’m gonna start a foundation to help homeless children.

#4
DeskMonkey3:37 pm, 01 May 12

aidan said :

Become a RiotACT subscriber?

Buy RiotACT?

#5
VYBerlinaV8_is_back3:47 pm, 01 May 12

I would invest the entire amount in a fairly conservative portfolio containing cash, bonds, shares and property, with a yield target of about $2.5M per year (5% of $50M).

I would use about $250k of this to tour the world, and the remaining $2.25M I would give away to charitable projects I felt deserving of support in each country I visited.

Because I wouldn’t be eroding the underlying portfolio (it should actually grow over time), I would be able to do this for the rest of my life.

#6
Solidarity3:48 pm, 01 May 12

Nothing. I’d let it sit in my account for a bit, sit down and not let it go to my head.

Most of all, tell nobody about it except for my father, as he is an Accountant and good with money.

I won’t touch that money for 2 years. Nothing. Nothing till all the stuff and thoughts in my head settle down, once i’ve worked it all out.

Then i’ll go with the best plan I can nut out in two years. I don’t want an extravagent lifestyle, but I don’t feel the need to help anybody less fortunante than me. Hmm.

#7
c_c3:50 pm, 01 May 12

Buy a choppa!

#8
Primal4:00 pm, 01 May 12

Buy Queanbeyan, put a wall up around it and declare it a sovereign nation.

#9
JonahBologna4:02 pm, 01 May 12

I would buy gambling cessation therapy. Its hard to believe how many people fall for the idiot tax.

#10
chewy144:12 pm, 01 May 12

Primal said :

Buy Queanbeyan, put a wall up around it and declare it a sovereign nation.

You got the first two parts right but the third should have been to fill the walled area with water.

#11
Mysteryman4:15 pm, 01 May 12

I’d give family and close friends about a million each. I’d buy a nice place for me to live (less than a million dollars, nice) and one to rent. I’d put about $15-20m in a high interest savings account (which are currently paying about 5-5.5%). I’d have that interest paid into a separate account and live off it (750,000 – 1m a year). I’d use about half that interest to travel around (taking friends and family with me on my dime), and just for everyday living. The other half would be used to build orphanages overseas, and given to charities in Australia. Whatever is left would be used for helping others, and maybe buying myself one or two cool things.

#12
SnapperJack4:19 pm, 01 May 12

Holden Caulfield said :

I’m gonna start a foundation to help homeless children.

You’re kidding, right?

#13
Disinformation4:22 pm, 01 May 12

I’d go back to work for at least long enought to make sure that everyone knew that I’d won it.

#14
spiderinsider4:33 pm, 01 May 12

Anyone planning to buy a ticket should listen to this episode of More or Less to make sure you buy your ticket at the right time, ie when it’s more likely you’ll win than you’ll die before the draw is held (starts at about 23 mins 41 secs)
http://www.bbc.co.uk/iplayer/episode/b0132pk7/More_or_Less_12_08_2011/

#15
Ben_Dover4:33 pm, 01 May 12

Emigrate to the UK. Seriously. I was on holiday there recently, and when you take into account the exchange rate and the relatively very low costs of everything over there (bar petrol) compared to Canberra/Aus, why you could live rather well over there on $50,000,000.

#16
astrojax4:36 pm, 01 May 12

buy an ice cream. then pop mebbe thirty or fourty grand in my day to day account and, like solidarity, wait for a while to work out what i want/need/should do – lots of charitable things, mebbe establish a scholarship at my alma mater, and make sure my family was financially secure.

and maybe a case or two of krug to sip while i decide…

#17
HenryBG4:48 pm, 01 May 12

Go halves with Sea Shepherd in an old Iranian submarine and then use it to sink the Jap whaling fleet.

The other $25 mil. could be spent building a compound in the country, easily defended, self-sufficient in power, and well-stocked with firearms and food.

#18
Holden Caulfield4:58 pm, 01 May 12

SnapperJack said :

Holden Caulfield said :

I’m gonna start a foundation to help homeless children.

You’re kidding, right?

SnapperJack said :

Holden Caulfield said :

I’m gonna start a foundation to help homeless children.

You’re kidding, right?

Of course not.

Also…

New York. Maybe Paris.

A lot of champagne.

Parties.

Be a big shot for a while.

Yeah.

How ’bout you Ned?

#19
Rollersk8r5:18 pm, 01 May 12

This is second worst workplace conversation topic there is, just behind listening to a dream someone had.

In all seriousness though, 50 mil is too much. Would be impossible to keep the secret and literally every person you ever met (and countless strangers) would be asking for their share. I was holidaying in Yamba NSW when a local won 30 million in Powerball. Channel 9 were going door to door in the town to track down the winner. There were stories of the post office coping with 1000s of begging letters….

#20
fabforty5:47 pm, 01 May 12

I would buy Rivers and sack its marketing team. I would then go after whoever is responsible for those horrendous “smooth cha-cha” ads.

#21
Mr Evil5:53 pm, 01 May 12

Grab Craig Thomson, 25 postitutes, several suitcases full of Coke, the penthouse suite in some lush hotel somewhere, and go on a bender for three weeks!

#22
astrojax6:11 pm, 01 May 12

Mr Evil said :

Grab Craig Thomson, 25 postitutes, several suitcases full of Coke, the penthouse suite in some lush hotel somewhere, and go on a bender for three weeks!

with craig in tow, it’d only last two… :)

#23
Lillypilly6:18 pm, 01 May 12

Run for the liberals in a local seat.

.. duh!

#24
djk7:34 pm, 01 May 12

fabforty said :

I would buy Rivers and sack its marketing team. I would then go after whoever is responsible for those horrendous “smooth cha-cha” ads.

Hahaha awesome! I will also do this when I win!

#25
Pork Hunt7:45 pm, 01 May 12

HenryBG said :

Go halves with Sea Shepherd in an old Iranian submarine and then use it to sink the Jap whaling fleet.

The other $25 mil. could be spent building a compound in the country, easily defended, self-sufficient in power, and well-stocked with firearms and food.

Anything to get out of jury service…

#26
Thumper7:59 pm, 01 May 12

Move to Wiltshire or Gloucestershire, buy a Tudor mansion with grounds, and become a much more serious drinker.

#27
poetix8:12 pm, 01 May 12

DeskMonkey said :

aidan said :

Become a RiotACT subscriber?

Buy RiotACT?

Lillypilly said :

Run for the liberals in a local seat.

.. duh!

Yes, just imagine…

‘One doesn’t moderate that which pays one’s way, boy…Now write that article about the Countless Wonders of Christianity* and Why Sleazy Jokes are Bad. Proof read it for errors. And don’t forget the vegetarian options.’

A sad, unimaginative fantasy, but if the Slipper fits…

Actually, I’d buy a yacht, and people to keep it nice.

*And lotsa charity, of course.

#28
OpenYourMind8:48 pm, 01 May 12

Is that enough money to bring Mully back from the dead?

#29
Thumper8:52 pm, 01 May 12

Thumper said :

Move to Wiltshire or Gloucestershire, buy a Tudor mansion with grounds, and become a much more serious drinker.

Oh, and err, donate to charity, of course….

#30
poetix9:35 pm, 01 May 12

Thumper said :

Thumper said :

Move to Wiltshire or Gloucestershire, buy a Tudor mansion with grounds, and become a much more serious drinker.

Oh, and err, donate to charity, of course….

Buy the local cricket team. That seams like charity…

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