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.
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.
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.
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.
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/
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.
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…
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.
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….
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!
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!
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.
‘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.
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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.
I’m gonna start a foundation to help homeless children.
aidan said :
Buy RiotACT?
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.
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.
Buy a choppa!
Buy Queanbeyan, put a wall up around it and declare it a sovereign nation.
I would buy gambling cessation therapy. Its hard to believe how many people fall for the idiot tax.
Primal said :
You got the first two parts right but the third should have been to fill the walled area with water.
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.
Holden Caulfield said :
You’re kidding, right?
I’d go back to work for at least long enought to make sure that everyone knew that I’d won it.
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/
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.
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…
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.
SnapperJack said :
SnapperJack said :
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?
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….
I would buy Rivers and sack its marketing team. I would then go after whoever is responsible for those horrendous “smooth cha-cha” ads.
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!
Mr Evil said :
with craig in tow, it’d only last two…
Run for the liberals in a local seat.
.. duh!
fabforty said :
Hahaha awesome! I will also do this when I win!
HenryBG said :
Anything to get out of jury service…
Move to Wiltshire or Gloucestershire, buy a Tudor mansion with grounds, and become a much more serious drinker.
DeskMonkey said :
Lillypilly said :
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.
Is that enough money to bring Mully back from the dead?
Thumper said :
Oh, and err, donate to charity, of course….
Thumper said :
Buy the local cricket team. That seams like charity…