I just inherited ?30,000

Post » Fri May 27, 2011 1:20 pm

Give it all to the 1 millionth visitor to your website... you could advertise it with a colorful flashing banner-ad or something.
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Mel E
 
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Post » Fri May 27, 2011 7:17 am

Oh wow, that seems unreal. I just had a Nigerian banker email me saying I had just been left the exact same amount but to be honest I think it MIGHT be a spam email... :o

Anyway, what you should do with your cash, is give it to all the fine people at BGSF who regularly visit Community Discussion. Obviously I should get more than everyone else.
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Alister Scott
 
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Post » Fri May 27, 2011 12:03 am

Quickly! Use it to build a time machine then go back I time when you inherited it then go back again and invest in Google, Apple and Microsoft! You will be loaded!

Damn ?30,000, I could do so much with just a fraction of that.....
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Amy Melissa
 
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Post » Fri May 27, 2011 5:57 am

some crazy ideas here :)

so far I have spent about 1500, paying off debts (I owed 1k on my pc) and have joined a gym.
not going to go mad or else it will be gone in weeks. :D
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Matt Bigelow
 
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Post » Fri May 27, 2011 7:38 am

some crazy ideas here :)

so far I have spent about 1500, paying off debts (I owed 1k on my pc) and have joined a gym.
not going to go mad or else it will be gone in weeks. :D


Heh, I can only imagine what some of the people you're handing the money out to are thinking.

"Where the Hell did you get 5,000 euros from in 2 days?"
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Stephanie Kemp
 
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Post » Fri May 27, 2011 4:52 am

Not that it really matters any more......

I vote for the maxxed out gaming rig too. I highly recommend water cooling. If you don't have some fun with the money you will regret it. Just blow 15% and nut the rest away.

So let me get this straight. If a mod decides to take part in the tom foolery then its not a spam fest?
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sarah
 
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Post » Fri May 27, 2011 2:32 am

We really need an early morning mod
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Amanda Leis
 
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Post » Fri May 27, 2011 2:02 am

We really need an early morning mod

But no one has managed to pull the banhammer out of the anvil yet.
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Esther Fernandez
 
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Post » Fri May 27, 2011 2:48 am

I will give you advice what to do with the money, for a modest fee of 1000 quid ;)
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Amber Hubbard
 
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Post » Fri May 27, 2011 11:32 am

Invest it into stocks and hire a professional stockbroker, leave it be for 5-10 years and retire.
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LADONA
 
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Post » Fri May 27, 2011 3:31 pm

We're just about on the right side of spam at the moment, so keep it sensible(ish), folks. :)

My personal advice would be to put it towards a deposit on a house, not a flat. Flats rarely increase in value compared to houses i.e. even if you sell the flat for a slight profit later on, you won't make as much as if you bought a house. Of course, both can decline vastly in price as everyone's found out when this particular bubble burst. A ?30k deposit is 20% of a ?150k house, and you can get something pretty decent in most areas for that if you don't mind driving to work. Remember: all investment is gambling, and you can lose absolutely everything if you bet on the wrong thing, but if you buy a house to live in, you at least have somewhere to live (provided you can afford the mortgage, and current rates are vastly below the long-term average i.e. you need to be able to afford 7% rather than the 4-5% currently advertised).

Plus, if you're not really in a position lifestyle-wise to be looking to buy a house yet, then just put the money into a high-interest bank account. You might earn a little bit of interest (not much these days) to increase the value even more. If I were you I wouldn't bet on the stock market. Much smarter people than you have lost every penny doing so. I actually know someone who inherited enough to buy a house for cash, and invest the rest. They lost everything except the house when the stock markets crashed, but at least they had a roof over their head. Only ever bet what you can afford to lose.

Do not spend more than ?1000 total on frivolous stuff (like games or holidays) - honestly, I can not emphasise enough how much you would regret doing that.

Of course, it goes without saying that you should pay off any debts in the first instance.

Also, my condolences on the loss of your aunt. Even if you didn't know her well, it's still a bereavement and those things are usually at least slightly sad.
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latrina
 
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Post » Fri May 27, 2011 1:11 am

Where are all these fantastic wealthy relatives?? I have a few but I have so many cousins and siblings by the time I get anything it'll be about ?10.

Anyway, ?30,000 couldn't buy you a house in most areas. I say spend it all and don't look back, you're gonna spend it anyway, right?

Unless you want to give it to some nephew who'd only do the same.
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joseluis perez
 
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Post » Fri May 27, 2011 7:42 am

Anyway, ?30,000 couldn't buy you a house in most areas. I say spend it all and don't look back, you're gonna spend it anyway, right?


It wouldn't buy one, but it's more than enough for a deposit on the average house.
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Avril Churchill
 
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Post » Fri May 27, 2011 1:14 pm

That was a news article ages ago that was referenced and sigged, the original source was largely forgotten.




Defaulted: Well, ?500,000 will buy you a medium three bedroomed house in some places.

?500,000? That's a bit of an exaggeration. My house has 4 bedrooms and cost well less than that, I don't know the exact figures because the parents won't tell me :stare: (it's a newly built home, we moved in about 3 years ago). I'm in Scotland though but even still half a million? People never see that kind of money, ever...
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Sarah Unwin
 
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Post » Fri May 27, 2011 10:23 am

I would do the following:

Buy awesome gaming PC
Buy Bioshock 2, pre order Bad Company 2, Metro 2033.
Buy a crapload of Graphic Novels
Get about 4 awesome guitars that I have been dreaming about for months now
Get a better amplifier
Sit on the rest until something comes along that you want. Like.. some more video games.
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Lauren Graves
 
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Post » Fri May 27, 2011 1:53 am

I would do the following:

Buy awesome gaming PC
Buy Bioshock 2, pre order Bad Company 2, Metro 2033.
Buy a crapload of Graphic Novels
Get about 4 awesome guitars that I have been dreaming about for months now
Get a better amplifier
Sit on the rest until something comes along that you want. Like.. some more video games.

Ahh priorities.

What I would do is

1. Pay off all debts.
2. Use the money to pay for more education instead of relying on loans.
3. Save the rest.
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Anna Beattie
 
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Post » Fri May 27, 2011 6:11 am

?500,000? That's a bit of an exaggeration. My house has 4 bedrooms and cost well less than that, I don't know the exact figures because the parents won't tell me :stare: (it's a newly built home, we moved in about 3 years ago). I'm in Scotland though but even still half a million? People never see that kind of money, ever...

?500,000 will buy you:

- a one-bedroom flat in Chelsea, Central London
- a three-bedroom detached house in Brighton
- a five-bedroom detached house in Cambridge
- a four-bedroom detached house on 17 acres of land in Yorkshire
- a nine-bedroom guesthouse in Betws-y-Coed, Snowdonia in North Wales.
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Tyrone Haywood
 
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Post » Fri May 27, 2011 4:12 am

QUICKLY BUY SOME GREAT GAMES THAT WILL GET MORE VALUE AS IT GETS OLDER, BUY SOME CONSOLES AS WELL!!!!
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Hearts
 
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Post » Fri May 27, 2011 12:08 am

?500,000 will buy you:

- a one-bedroom flat in Chelsea, Central London
- a three-bedroom detached house in Brighton
- a five-bedroom detached house in Cambridge


- a four-bedroom detached house on 17 acres of land in Yorkshire
- a nine-bedroom guesthouse in Betws-y-Coed, Snowdonia in North Wales.

I understand the bottem 2, but who the hell would pay for a flat,it may not buy him a house, but its a good start while the market is still cheap(er).
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Angel Torres
 
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Post » Fri May 27, 2011 10:53 am

I understand the bottem 2, but who the hell would pay for a flat,it may not buy him a house, but its a good start while the market is still cheap(er).

A 2 room apartment is around 70.000 euros here.

That is outrageous,for such a terrible,awful country like mine.
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Irmacuba
 
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Post » Fri May 27, 2011 7:07 am

A 2 room apartment is around 70.000 euros here.

That is outrageous,for such a terrible,awful country like mine.

Maybe but if people actually pay for prices like that then I suppose they deserve to be ripped off.
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Sian Ennis
 
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Post » Fri May 27, 2011 3:45 am

?500,000 will buy you:

- a one-bedroom flat in Chelsea, Central London
- a three-bedroom detached house in Brighton
- a five-bedroom detached house in Cambridge
- a four-bedroom detached house on 17 acres of land in Yorkshire
- a nine-bedroom guesthouse in Betws-y-Coed, Snowdonia in North Wales.

Or an entire street in Salford. :P

I understand the bottem 2, but who the hell would pay for a flat,it may not buy him a house, but its a good start while the market is still cheap(er).

In the city, land space is valuable.
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Lynette Wilson
 
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Post » Fri May 27, 2011 6:07 am

A 2 room apartment is around 70.000 euros here.

That is outrageous,for such a terrible,awful country like mine.



Last year, I saw a garage (for 1 car) for sale here for just 30.000 euro. And in Amsterdam, parking spaces can be bought for at least 20.000.
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sarah simon-rogaume
 
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Post » Fri May 27, 2011 9:57 am

Maybe but if people actually pay for prices like that then I suppose they deserve to be ripped off.

What are they supposed to do?
The rent here is as much as the minnimum wage here(200$/month)

Most of them get 25 year old credits that they pay until they die.
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carrie roche
 
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Post » Fri May 27, 2011 11:01 am

~200 posts

If Renton wants to start a new iteration of this thread he can but others should not.
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Kira! :)))
 
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