To be a bit depressed by the Euromillions story?

[MobLife]

I find myself wishing I knew nothing about it and hadn't read the story about the winning couple!
All day I've been ruminating over that extraordinary sum of money and what it must feel like....it's left me feeling really flat especially when the imagination suddenly dissolves and I'm left mulling over my actual reality of bills and debts and whatever.

It's not even like I have a bad life in so far as I've got a roof over my head and a secure job, no posh holidays or particular luxuries but in the fortune position of not having to worry too much about the food bill and can have a meal out once in a while. And we're all healthy which £184million cannot buy.

The irony is I don't even play the bloody lottery!!

But yeh, very very flat

I do wish them luck actually.
At least they will make other people rich too.
Not a bad thing

I would be thrilled but, honestly, it would freak me out too.

I think I would buy a really nice house and plan a blow out holiday but put the rest into a bank account and try not to touch it or even think about it too much for at least a year, then things may become clearer.

Massive kidnap risk! (She said in a glass half empty kind of a way…)

I’m far from their level, but have done well enough that I don’t want anyone to know what we are worth, and it’s something that we have to think about.

Our main home has underground parking, so that no-one passing can see the sort of cars we have, and the street is gated.

It’s terrible that anyone needs to think of this sort of thing, but sadly people do.

This is very true my parents live in a nice house in a nice village in the northwest, its semi sunny but has two reception rooms kitchen diner, two bathrooms, four double bedrooms and a large garden ,they paid £36,000 for it in 1984,houses on their road have been selling for £400,000 ,they have a comfortable life style ,but are by no means ultra rich .

Semi detached *

Just heard on the news that our chancellor and his wife are worth nearly 4x as much as this lottery couple with a combined fortune of £750 million! Man of the people…..

Yes, it’s awful how we don’t exclude successful people from government.

It's inspired me to get a ticket. I love thinking about what I would do. With these two I read the article and thought it sounded like they had a nice life already and this could complicate things for them, but I'm probably just jealous too

Has he ever claimed to be a man of the people? Is that a pre requisite? Would Bob with a fiver in his pocket be better because he's not rich?

I'm not a fan of rishi but personally I think there's better metrics to judge someone on than how much money they have in their joint account.

Ridiculous money. They should have split it 185 ways😡.

I also thought WTF at going public.

Why should they have split it? It’s not supposed to be an exercise in redistribution; quite the opposite. In general it’s to take money off a lot of people who aren’t very numerate. And give a lot of it to one person.

They can’t control how many people win the jackpot, there’s nothing stopping 184 people from all buying a ticket with the winning numbers on it and getting £1m each. It’s just statistically very unlikely.

Well I got ONE number on the Euromillions last night. And 2 other numbers were very close. I'm taking this as a sign as I should keep playing... 😂😂

You all have good health. Hang on to that thought, it’s so valuable but lots of people don’t value it.
and buy a ticket next time 😃

Well…I’m lucky enough to have access to a useful amount of funds, nothing on the same planet as this. However, the admin and phone chasing and ensuring the funds are safe and scam-proof (as well as the slightly unorthodox organisation of said money) are a total PITA.

Yes, it’s nice to have enough money not to worry about mortgage or rent or scraping cash together ever again. Not to be sniffed at. But winning on this scale effectively turns you into a fund manager. You suddenly have to think what you’re going to invest it in, how you’re going to make it work for you; it’s all still work, it’s hassle, often, it’s family politics, and not everyone’s cut out for it.

How so? If you don’t want to manage it yourself you can give it to Coutts. If you do you pick a fund with Vanguard and stick the lot in there.

It would still be a nicer problem to have than my current problems 😂

@MrsSkylerWhite how do you know we all have good health ??

*The claim that I was responding to was that you can get 2% interest on it.

You can’t.

If you are willing to risk some of the capital then you can likely get a yield of higher than this, but that’s not interest.

I know that some people don’t understand the difference, but in that case, why try to argue the point?*

2% interest is definitely achievable, what makes you think it isn't?

As above, the fact that I regularly have to deposit billions of pounds overnight in my job as a trader.

Where do you think someone can deposit £180 million and get 2%?

6m GBP LIBID is 1.5%, but that of course involves a risk to your principal, as it’s lending to a bank, so is not secured.

@SlightlyGeordieJohn as my job as a financial adviser, for cash deposits we would look at

www.flagstoneim.com/clients/illustration-results/

You could of course put it all with one bank offering the highest rate, but may want to spread the risk?

Please don't try to assume a financial advisers role. You're just a trader, it's different.

I’m not sure if you are taking the piss there, you can’t get those rates on £186 million.

I don’t believe that you work with these sort of sums if you are suggesting something like that for them.

@SlightlyGeordieJohn I'm not suffering anything, I'm just pointing out you are wrong! You can get over 2% interest.

Is that basic enough for you?