£10 mill lottery winner loses the Lotto!
Discussion
'I gave my money to Dominic Keane and now it's all gone and I've got nothing'
Mr McGuinness got done up like the proverbial kipper.
Someone recently asked here 'Can we all make money?' I reckoned not, because as Person A gets money, it comes from Person B. The above story is perfect proof
Mind you, the period was between 1996 and 2007, and thanks to two crashes (2000, 2008) and a couple of IFAs being asleep on watch, my savings are no greater now than they were 10 years ago either.
Mr McGuinness got done up like the proverbial kipper.
Someone recently asked here 'Can we all make money?' I reckoned not, because as Person A gets money, it comes from Person B. The above story is perfect proof
Mind you, the period was between 1996 and 2007, and thanks to two crashes (2000, 2008) and a couple of IFAs being asleep on watch, my savings are no greater now than they were 10 years ago either.
Exactly .
£10 mill - £4mill for house ,cars ,etc,etc .Leave a mill in high liquidity investments ,just in case ,and then long term portfolio for the remaining £5mill .Should EASILY double every 10 years in net terms ,after all tax and fees are paid.
How anyone manages to blow £10 mill and then moan about it defeats me. If he was moaning that his "mate" had blown half of it but he still had the rest then slightly understandable ,but he obviously would have blown the lot on his own anyway .His "mate" just hastened the whole process.
£10 mill - £4mill for house ,cars ,etc,etc .Leave a mill in high liquidity investments ,just in case ,and then long term portfolio for the remaining £5mill .Should EASILY double every 10 years in net terms ,after all tax and fees are paid.
How anyone manages to blow £10 mill and then moan about it defeats me. If he was moaning that his "mate" had blown half of it but he still had the rest then slightly understandable ,but he obviously would have blown the lot on his own anyway .His "mate" just hastened the whole process.
Edited by Rollcage on Sunday 27th September 21:03
what a complete donkey. and he has managed to get money from selling this guff to the papers...then he is surprised he isnt getting invites to lavish parties anymore!
he said his mate bought him a 325k house that he lives in at the moment. what a donkey.
oh and he gave 3mill away to 'friends'!
he said his mate bought him a 325k house that he lives in at the moment. what a donkey.
oh and he gave 3mill away to 'friends'!
percymk4 said:
article said:
Accused shamed banker Fred Goodwin of ignoring his pleas for help..
I dont understand this bit, why would he think Fred should help him? Or am i missing something?
t loads of moneyHahaha. What an idiot.
I lol'd when he spent his last 400K trying and failing to get back his outher £9.6M.
He got this money in 96? Hell, if he only invested in property back then he would have double to trippled his money by now even WITH the housing crash.
Personally if I won that much I would put 50K in 5 banks for liquidality (I can make up words, I'm a millionaire) and safety, buy a £1.5M house somewhere nice, spend another £500K on a car collection and then invest the rest as such:
50% on long term investments (20 year)
25% in BTL property which would serve as my monthly wage.
10% in my own business venture.
15% in high risk high gain ventures.
I lol'd when he spent his last 400K trying and failing to get back his outher £9.6M.
He got this money in 96? Hell, if he only invested in property back then he would have double to trippled his money by now even WITH the housing crash.
Personally if I won that much I would put 50K in 5 banks for liquidality (I can make up words, I'm a millionaire) and safety, buy a £1.5M house somewhere nice, spend another £500K on a car collection and then invest the rest as such:
50% on long term investments (20 year)
25% in BTL property which would serve as my monthly wage.
10% in my own business venture.
15% in high risk high gain ventures.
Oh, £10 million pounds...
Now I can't help thinking 'if I had that, i'd do this'
It seems that it was this other guys fault, but only cos ol' McGuiness let him take advantage of him.
You don't say 'all the bank managers want to be your friend' and then give some other guy £2,000,000 pounds... :/
Now I can't help thinking 'if I had that, i'd do this'
It seems that it was this other guys fault, but only cos ol' McGuiness let him take advantage of him.
You don't say 'all the bank managers want to be your friend' and then give some other guy £2,000,000 pounds... :/
So he gets an opportunity that most of us would kill for and he leaves himself with nothing in reserve, gives away loads of money to others and invests heavily in something which at best could be described as risky.
Incredible to blow that chance, you would have to be monumentally stupid not to have even 1 million put away as 'just in case I fk everything else up' money. The fact that he thinks he bears no responsibility for this is laughable.
Incredible to blow that chance, you would have to be monumentally stupid not to have even 1 million put away as 'just in case I f
k everything else up' money. The fact that he thinks he bears no responsibility for this is laughable.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff