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Post by Deleted on Jul 30, 2016 15:48:30 GMT
Every millionaire I know just wants "another 40%" to make them happy. Once they get that extra 40% they have the same feelings. We just suffer from avarice. I remember "Attila the stockbroker" talking about his early life after big bang (very much my generation) and his mates all agreed that after the first £10m they would stop. Guess what, they couldn't. I see one of the latest £6m+ lottery winner just got busted for planting a cannabis farm. You see, if you are focused enough to make money you have a monkey on your back, which means you need a focus. I've tried a life of luxury and honestly, it is dull. In that case, how many millionaires do you know? Are any of them in London? What would be good places or ways to meet more like-minded individuals in real life? With a view of creating a good social circle! What! You really don't want to make your friends a bunch of addicts, do you? There is a great piece of work published at Insead where a guy looked at the personalities of psycopaths and of European top 500 company CEOs. He couldn't tell the two groups apart. Where, central London and Clitheroe (no really).
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Post by Deleted on Jul 30, 2016 16:36:05 GMT
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Post by bracknellboy on Jul 30, 2016 16:44:32 GMT
"I'm a fisherman," the man in the lawn chair said. He took a pipe out of his mouth and gestured toward a worn but well-kept fishing barge, moored on the docks. "I caught and sold enough fish for today, so I'm spending the rest of the day enjoying the beautiful weather." The adaptation for today's age would be "I've used up all my quota for the week, and besides if we all went out and did more fishing the current parlours stock of cod/haddock/lobster would crash even further below sustainable levels."
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Post by Deleted on Jul 30, 2016 17:09:25 GMT
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duck
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Post by duck on Jul 30, 2016 17:27:49 GMT
....... I remember "Attila the stockbroker" ...... Took a new girlfriend to one of his gigs +20 years ago thinking 'kill or cure' but at least she will know what I'm really like ........... still together 20 years later! Still no lottery winnings but still happy and no dead dogs under the rose bushes 
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bg
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Post by bg on Jul 30, 2016 17:53:14 GMT
At that sort of level you could get discretionary management from a Investment Bank, thereby access to hedge funds (who probably are involved in the finance of some of the platforms) where they aim for minimum returns of 25% minimum, with probably less risk than P2P lending. So, in short, no. 25% minimum returns?? In their dreams!
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Post by swissbankers on Jul 30, 2016 18:22:57 GMT
....... I remember "Attila the stockbroker" ...... Took a new girlfriend to one of his gigs +20 years ago thinking 'kill or cure' but at least she will know what I'm really like ........... still together 20 years later! Still no lottery winnings but still happy and no dead dogs under the rose bushes You can still see Attila gigging around the country, still great current topical opinions, we need more like him! Check out attilathestockbroker.com/link
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boble
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Post by boble on Jul 30, 2016 18:25:04 GMT
Light hearted question: You have won a decent amount on the lottery/Euro millions, or maybe inherited from your long lost second cousin from the depths of Australia. By decent, I am talking maybe five million pounds plus. Would you invest on here still? Would you invest a great deal extra? Would you, just for the fun of it, like to sneak in and in one big whoosh, clear the SM (not again and again, but just once for the fun of it) I would definitely still be here. That's up to £600,000/yr interest that I didn't have the day before my unexpected gains, so that's exactly what I would do with it (spread across several platforms). I'd reinvest 50% of the interest, withdraw the rest and be a very happy bunny  . That is a great plan, however, it is possible that the SS platform will never be big enough to do this whilst providing you with sufficient comfort. This assumes that you would continue to be a cautious/prudent investor. It would also require a considerable amount of management time.
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boble
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Post by boble on Jul 30, 2016 18:32:12 GMT
Light hearted question: You have won a decent amount on the lottery/Euro millions, or maybe inherited from your long lost second cousin from the depths of Australia. By decent, I am talking maybe five million pounds plus. Would you invest on here still? Would you invest a great deal extra? Would you, just for the fun of it, like to sneak in and in one big whoosh, clear the SM (not again and again, but just once for the fun of it)? At that sort of level you could get discretionary management from a Investment Bank, thereby access to hedge funds (who probably are involved in the finance of some of the platforms) where they aim for minimum returns of 25% minimum, with probably less risk than P2P lending. So, in short, no. Don't be so sure. Hedge funds don't always make money and do sometimes lose money.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jul 30, 2016 18:34:10 GMT
I would definitely still be here. That's up to £600,000/yr interest that I didn't have the day before my unexpected gains, so that's exactly what I would do with it (spread across several platforms). I'd reinvest 50% of the interest, withdraw the rest and be a very happy bunny . That is a great plan, however, it is possible that the SS platform will never be big enough to do this whilst providing you with sufficient comfort. This assumes that you would continue to be a cautious/prudent investor. It would also require a considerable amount of management time. I did say " spread across several platforms".I'm sure it would take up a bit of time, but I actually enjoy it  ! With the sort of money we're talking about, I would certainly step up my DD... first of all I would buy & download every Land Registry papers for every current & future loan that SS secured against. Avoid any garden centre scenarios...  .
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jul 30, 2016 19:14:01 GMT
That is a great plan, however, it is possible that the SS platform will never be big enough to do this whilst providing you with sufficient comfort. This assumes that you would continue to be a cautious/prudent investor. It would also require a considerable amount of management time. I did say " spread across several platforms".I'm sure it would take up a bit of time, but I actually enjoy it ! With the sort of money we're talking about, I would certainly step up my DD... first of all I would buy & download every Land Registry papers for every current & future loan that SS secured against. Avoid any garden centre scenarios... . Of course, with £5m you could just go native, do a Victor Kaim, (well a reasonable share) and just do the DD from the inside. The rest of us wouldnt have to worry then as no dumps, garden centres, cemeteries and over priced Scottish leisure parks would ever see the light of day. First job - take down the dartboard 
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Liz
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Post by Liz on Jul 30, 2016 19:17:37 GMT
Light hearted question: You have won a decent amount on the lottery/Euro millions, or maybe inherited from your long lost second cousin from the depths of Australia. By decent, I am talking maybe five million pounds plus. Would you invest on here still? Would you invest a great deal extra? Would you, just for the fun of it, like to sneak in and in one big whoosh, clear the SM (not again and again, but just once for the fun of it)? Have you been getting e-mails about said lottery win? I hate to burst the bubble...  I would still invest a big chunk of it here, maybe clear pbl120 out of benevolence. I would probably also demand more financial data from SS, to confirm failure wouldn't happen. I may even ask for a cheeky extra 1-2% extra pa return.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Jul 30, 2016 19:24:45 GMT
I did say " spread across several platforms".I'm sure it would take up a bit of time, but I actually enjoy it ! With the sort of money we're talking about, I would certainly step up my DD... first of all I would buy & download every Land Registry papers for every current & future loan that SS secured against. Avoid any garden centre scenarios... . Of course, with £5m you could just go native, do a Victor Kaim, (well a reasonable share) and just do the DD from the inside. The rest of us wouldnt have to worry then as no dumps, garden centres, cemeteries and over priced Scottish leisure parks would ever see the light of day. First job - take down the dartboard ... Or start a competing platform  StreamSaver
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warn
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Post by warn on Jul 30, 2016 20:19:31 GMT
I'd spend 90% of it on women, drink, and fast cars. The rest I'd waste.
(Thanks, Georgie)
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boble
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Post by boble on Jul 30, 2016 22:14:49 GMT
I did say " spread across several platforms".I'm sure it would take up a bit of time, but I actually enjoy it ! With the sort of money we're talking about, I would certainly step up my DD... first of all I would buy & download every Land Registry papers for every current & future loan that SS secured against. Avoid any garden centre scenarios... . Of course, with £5m you could just go native, do a Victor Kaim, (well a reasonable share) and just do the DD from the inside. The rest of us wouldnt have to worry then as no dumps, garden centres, cemeteries and over priced Scottish leisure parks would ever see the light of day. First job - take down the dartboard Another option would be to start doing your own direct lending. That's my background and now looking for a less stressful life. You will could also do a mini SS; know as syndicated lending, where a few lenders joint fund loans.
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! With the sort of money we're talking about, I would certainly step up my DD... first of all I would buy & download every Land Registry papers for every current & future loan that SS secured against. Avoid any garden centre scenarios... 
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