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  • calumcalum Posts: 3,046
    calum said:

    malcolmg said:

    Charles said:

    malcolmg said:

    Charles said:

    Sean_F said:

    TOPPING said:

    Pulpstar said:

    Very occasionally the lottery becomes value to play - a lucky dip on a multiple rollover might just have an expected return higher than 100%...

    Obviously the variance is massive still (Which is the appeal !)

    As a curmudgeon, I view the lottery as tax on poor people, but I only play it when it is a multiple rollover.
    A lot of people do the same and I find the logic curious. So £70m-odd would change your life but £12m is neither here nor there?
    I could imagine (more or less) how I would spend £12m. £70m is unimaginable.
    Above about £20 million* no one has much use for it. So the trick is to give it all away.

    * £5m for a London house. £2m for a holiday home. £2m to fund education/deposit on a flat for the kids, £10m to generate an annual pre-tax income of about £350,000 for living expenses and £1m for a @SeanT style blowout

    First £5M wasted , how many sensible people would want to waste money on a house in London when you can chose anywhere, London would be way way way down most people's lists.
    £5m will get you a nice house anywhere - London is my bailiwick but fundamentally I was thinking of a principal residence.
    I could buy an estate and have large part of that left.
    PS: given I will never have 5 Million it is of little matter mind you but nice thought
    :)
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