Things you always wanted to know the answer to [Vol. 4]
Discussion
Doofus said:
I know all that, I would just see no point in investing to make more money.
Fair enough. Most people would want to see it at least tracking inflation, so it would not be decreasing in real-terms value.
Personally I'd be looking at a managed ultra low-risk investment portfolio, living off the income and only dipping into the capital for big purchases. But each to their own.
popeyewhite said:
GT03ROB said:
Roofless Toothless said:
Why are caravans always white?
Reflects the sun, keeps them cooler...…….absolutely no idea if that's correct
I suspect that the real reason is that white gelcoat is cheap, durable, and is the colour most people want. And gelcoat doesn't need to be painted.
There was a period in the 70's or 80's when caravans were beige and they dated very quickly. But white never really goes out of fashion.
There was a period in the 70's or 80's when caravans were beige and they dated very quickly. But white never really goes out of fashion.
Johnspex said:
popeyewhite said:
GT03ROB said:
Roofless Toothless said:
Why are caravans always white?
Reflects the sun, keeps them cooler...…….absolutely no idea if that's correct
White supremacy, innit
Doofus said:
Clockwork Cupcake said:
Doofus said:
It's not as if £150m is ever going to run out, so why bother with investments, stocks and shares and the like? It's a mind-numbingly tedious subject at the best of times, and if I didn't need my momey to multiply, I'd stay well clear. Life's too short.
At the very least you would want to spread it out across many banks. If stored in one bank, and they go bust, you would lose all of it apart from the £85,000 protection that the government provides. Edit: That's £85k per banking group, not £85k per brand, so you would want to account (no pun intended) for that.
If you make money from your money via investment it means there are others making even more. Those others will be companies that use your investment to develop products, new services and create new jobs so your investment is contributing to overall economic growth.
However, economic principals dictate that the value of money ebbs and flows. One likes to think that over time the trajectory remains upwards or at least reasonably stable but investing enables the opportunity to build a buffer against such variation so that in theory, your original capital worth remains unchanged.
All that said, the value of money can in extreme cases plummet to near zero. This has happened an awful lot - though not in the UK (that I'm aware of) but there is nothing to say it won't. Political instability, war, energy shortages and many others can cause this. This is why many high net worth people will invest in gold (as in physical blocks of the stuff) and other tangible assets that tend to be unaffected or affected less by such economic catastrophe.
Doofus said:
I know all that, I would just see no point in investing to make more money.
Do you have kids? Most people with that kind of money would like to leave a legacy for their descendants. It's not just about how much one person can spend, it's about ensuring your children and their children get to enjoy the privileges a small fortune can bring. It's how new money becomes old money.LimaDelta said:
Do you have kids? Most people with that kind of money would like to leave a legacy for their descendants. It's not just about how much one person can spend, it's about ensuring your children and their children get to enjoy the privileges a small fortune can bring. It's how new money becomes old money.
It's a hundred and fifty million quid. You'd have to be pretty irresponsibe for there not to be a legacy. Doofus said:
LimaDelta said:
Do you have kids? Most people with that kind of money would like to leave a legacy for their descendants. It's not just about how much one person can spend, it's about ensuring your children and their children get to enjoy the privileges a small fortune can bring. It's how new money becomes old money.
It's a hundred and fifty million quid. You'd have to be pretty irresponsibe for there not to be a legacy. 
Doofus said:
I didn't say I wouldn't invest it properly. I said I wouldn't feel the need to make more money and consequently, I'd avoid stocks and shares because they bore the tits off me.
Obviously what you do with your hypothetical windfall is entirely up to you, but I'm not sure how you would "invest it properly" without buying stocks and shares. However, you wouldn't play the stock market yourself (which is what I think you are saying you would want to avoid) - you would instead pay a firm to manage an investment portfolio for you, and would specify the level of risk vs return you would accept. For an ultra low-risk strategy, the firm would only invest in stocks, shares, and bonds that had an incredibly low risk of failure, and would spread your investment over many firms. The returns are lower, but so is the risk. You literally wouldn't need to lift a finger - just watch your bank balance increase.
Clockwork Cupcake said:
Obviously what you do with your hypothetical windfall is entirely up to you, but I'm not sure how you would "invest it properly" without buying stocks and shares. However, you wouldn't play the stock market yourself (which is what I think you are saying you would want to avoid) - you would instead pay a firm to manage an investment portfolio for you, and would specify the level of risk vs return you would accept. For an ultra low-risk strategy, the firm would only invest in stocks, shares, and bonds that had an incredibly low risk of failure, and would spread your investment over many firms. The returns are lower, but so is the risk.
You literally wouldn't need to lift a finger - just watch your bank balance increase.
Thank you. I am a grown-up and I do actually do this already. I take absolutely zero interest in what's invested because it is so unspeakably dull. At the moment, I need my money to multiply. If I had £150m, I wouldn't. You literally wouldn't need to lift a finger - just watch your bank balance increase.
I have other investments too, which I take more interest in, but as I said, that's because I actually need to make money.
Doofus said:
Roofless Toothless said:
Exactly And the tables double up as beds, and you have to poo in a cupboard.How I laughed at the owners in their luxury yacht as we got the cramped sweaty bus out of Portofino in June.
Roofless Toothless said:
And why do they have backwards slanting windscreens while serious boats have forward slanting ones? Purely aesthetics for the backwards slanting I suppose, but what's the advantage of forwards? Keeps the rain off? Stops the sun glaring off the screen?Gassing Station | The Lounge | Top of Page | What's New | My Stuff