| Latest Forum Topics / Others |
 Post Reply
|
|
What would you do with a million pounds?
|
|
|
elfinchilde
Elite |
02-Apr-2007 15:30
|
|
x 0
x 0 Alert Admin |
haha. always good to dream. 
one mil pounds equivalent 3 mil sing. i'd split into overseas properties, gold and equities. with this kind of money, no need to take risk on pennies and punts; go direct into blues and high yield defensive plays. can live comfortably off the divvies and rentals alone. oh. and stay in HDB flat here. lower cost, conservancy, and can qualify for rebates. money makes money. muah ha. take long holidays, too. everything to be spent comes from profit, so principle remains untouched, til you're too old to invest. yours truly, elf |
| Useful To Me Not Useful To Me | |
|
iPunter
Supreme |
02-Apr-2007 10:21
|
|
x 0
x 0 Alert Admin |
ten4one... |
| Useful To Me Not Useful To Me | |
|
|
|
|
baseerahmed
Master |
02-Apr-2007 10:21
|
|
x 0
x 0 Alert Admin |
tongue in cheek ! ..can't help the temptation !.. : ) Be careful where your boat drifts... "Just shoot them. Especially if they are Singapore vessels" --Former Indonesian President Abdurrahman Wahid ....Sunday Times ! hahaha! ten4one : seriously, hope ur dream comes true. good luck ! ; ) |
| Useful To Me Not Useful To Me | |
|
ten4one
Master |
02-Apr-2007 09:56
|
|
x 0
x 0 Alert Admin |
Buy a reasonable boat and equipped it with computers link to SGX and essential items. Use the balance to trade onboard my new boat. WOW ! That would be nice - work and play at the same time. Cheers! |
| Useful To Me Not Useful To Me | |
|
Luostock
Senior |
01-Apr-2007 23:28
|
|
x 0
x 0 Alert Admin |
Invest all. 50% of the return go further into investment. The other 50% of the return will be used as scholoarship of $1000 per month per foreign student. All this will be in the trust. The recipient will in turn have to sign an undertaking to support another foreign student after on graduating and found a job. |
| Useful To Me Not Useful To Me | |
|
|
|
|
iPunter
Supreme |
01-Apr-2007 20:41
|
|
x 0
x 0 Alert Admin |
I'll take half of it, divide it in 20 equal portions (position size) to take trading positions. |
| Useful To Me Not Useful To Me | |
|
baseerahmed
Master |
01-Apr-2007 13:00
|
|
x 0
x 0 Alert Admin |
Personaly, with a million pounds , I will get myself a freehold property. Depending on the current condition/state it is in , might do some minor repairs ,refurbish etc.and let it out for rent . Could easily fetch around $3000 per month. As pointed out by EastonBay, $30k per annum is a luxury in Singapore . Its like another person in the household bringing in a monthly salary of $3000. On top of that the property is yours, period.Your money is locked away. I would treat it like my children's property. I am just the custodian . Cash in hand (or bank/ FD) might be tempting to spend. Unlike, say shares, funds management , where u are at the mercy of ups and down , ur property is solid on the ground. Won't bother me if the property price goes up or down.We have a solid asset here. Maybe a bit old fashioned , but Old is Gold ! Of course lah, can use the rent money to play play some shares ..hahaha...! ...sigh....hahaha ! (so, ultrameg , when can I expect the demand draft for a million pounds ? ; ) hahaha |
| Useful To Me Not Useful To Me | |
|
ultrameg
Senior |
01-Apr-2007 11:02
|
|
x 0
x 0 Alert Admin |
EastonBay, I think you are a wise person. However, to suppress the urge to splurge when a big sum of money just sitting behind, it is definitely not easy. Maybe I will follow what the author had mentioned before, invest it REITs and I would have regular passive income and appreciation of wealth. http://www.helium.com/tm/223123 |
| Useful To Me Not Useful To Me | |
|
|
|
|
EastonBay
Master |
22-Mar-2007 17:48
|
|
x 0
x 0 Alert Admin |
Firstly, we are talking about a million pound, British pound, not sing dollars. That's is to me hell lots of a lot. Even if it is S$, it is still alot of money to me. If that happens, I really will give myself a slap to make sure I'm not dreaming. "only gives 30K a year to live on"... $30k ONLY! Secondly, I think unless you have an expensive lifestyle, $30k a year just from simple interest is quite sufficient to live in Singapore (assuming you do not have financial obligation like housing loan, car loan). I know for me (alone) it's enough. Think of those family with household income of $2k a month. These are certainly not minority. How do you think they live their lives. |
| Useful To Me Not Useful To Me | |
|
soonchew
Member |
22-Mar-2007 17:40
|
|
x 0
x 0 Alert Admin |
Give yourself a tight slap, most likely is dreaming... :P |
| Useful To Me Not Useful To Me | |
|
klooloola
Member |
22-Mar-2007 15:38
|
|
x 0
x 0 Alert Admin |
How to retire if you have a million ? Well certainly do not use a cash fund or bonds or deposits. You must be in equities and withdraw not more than 3% a year. see... http://www.efficientfrontier.com/ef/998/hell.htm |
| Useful To Me Not Useful To Me | |
|
klooloola
Member |
22-Mar-2007 15:35
|
|
x 0
x 0 Alert Admin |
A million isn't much these days, A good condo near the ocean costs more. If you have a million and wish to retire you must buy a STI ETF (bonds and deposits are bad for retirement only equity returns above inflation) and consume 3% a year, that only gives 30K a year to live on. |
| Useful To Me Not Useful To Me | |
|
|
|
|
harryp
Veteran |
22-Mar-2007 15:08
|
|
x 0
x 0 Alert Admin |
Continue with my livelihood and be more generous to help those in needs unconditionally.
Peace |
| Useful To Me Not Useful To Me | |
|
klooloola
Member |
22-Mar-2007 15:01
|
|
x 0
x 0 Alert Admin |
Turn it into a billion. Greed is good. |
| Useful To Me Not Useful To Me | |
|
Robert
Member |
22-Mar-2007 14:55
|
|
x 0
x 0 Alert Admin |
Quit my job have paris hilton as my playmate... spend & spend & spend & spend like there is no tomoro!! 
|
| Useful To Me Not Useful To Me | |
|
pikachu
Veteran |
22-Mar-2007 14:37
Yells: "Holy Cow!" |
|
x 0
x 0 Alert Admin |
Migrate to Thailand and live it up like a king |
| Useful To Me Not Useful To Me | |
|
Hulumas
Supreme |
22-Mar-2007 14:34
Yells: "INVEST but not TRADE please!" |
|
x 0
x 0 Alert Admin |
Dear Readers, Sound investment and good living. |
| Useful To Me Not Useful To Me | |
|
ultrameg
Senior |
22-Mar-2007 00:28
|
|
x 0
x 1 Alert Admin |
It is not easy to handle such a big sum of money.... Read on |
| Useful To Me Not Useful To Me | |