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Author Topic: So you have won $150k – what’s next  (Read 15444 times)
Matt.NFFC.
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« Reply #15 on: March 14, 2015, 09:59:26 AM »

As a rec player, I take out $130k and play some $50/100 tourneys.

Few nice holidays, do up the house and generally live without much worry.
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Eso Kral
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« Reply #16 on: March 14, 2015, 10:01:54 AM »

Pay off the Chinese and then hope to bink another $150k to get me out of it...
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redsimon
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« Reply #17 on: March 14, 2015, 10:05:52 AM »

I'm 57. I have no debt, nor do I have a pension or a regular income. What would you suggest I do with a £150k win?



Depends what lifestyle you are happy with, would you want to splurge it all on holidays or consumer goods or would you want to play higher stakes and enjoy that? You could give it away?
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pokerplayingfarmer
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« Reply #18 on: March 14, 2015, 10:09:15 AM »

I'm 57. I have no debt, nor do I have a pension or a regular income. What would you suggest I do with a £150k win?



Use it to provide a regular income for x years,either by investments or otherwise, if it was me.

If I won a nice chunk like that now it'd be clearing the finance on my tractor etc, make business life easier, use the rest for a depo on my own yard.  

Poker wise just keep playing the same, like has been said there'd be no harm done in having a pop at one or two biggies though.
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RED-DOG
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« Reply #19 on: March 14, 2015, 10:09:43 AM »

I'm 57. I have no debt, nor do I have a pension or a regular income. What would you suggest I do with a £150k win?



Depends what lifestyle you are happy with, would you want to splurge it all on holidays or consumer goods or would you want to play higher stakes and enjoy that? You could give it away?

None of the above Sy.

I'd like to use it to create some kind of income for when I can't work.
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Woodsey
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« Reply #20 on: March 14, 2015, 10:12:53 AM »

Buy a house with small mortgage and rent it out. Would bring my retirement forward quite a bit, min 5 years.
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Eso Kral
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« Reply #21 on: March 14, 2015, 10:27:18 AM »

Buy a house with small mortgage and rent it out. Would bring my retirement forward quite a bit, min 5 years.
Buy 3 IMO then and have the capital growth as well bringing your retirement even further forward.
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Doobs
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« Reply #22 on: March 14, 2015, 10:33:36 AM »

Buy a house with small mortgage and rent it out. Would bring my retirement forward quite a bit, min 5 years.
Buy 3 IMO then and have the capital growth as well bringing your retirement even further forward.

You dont want too much concentration at 57?  Don't get many 2nd chances.  Would use a lot of it to buy a portfolio of high yielding shares.  Should be able to get 5k income with 100k and no need to hope your tennant doesn't do one.  Annuities pretty bad at 57.   

Do uou get a full state pension at 65 or whenever it is?
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simonnatur
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« Reply #23 on: March 14, 2015, 11:42:14 AM »

Property investment of some kind would be very hard to beat for me. Rental income would provide protection against inflation. Since it's much harder to sell a house, you're much less likely to want to do so at the wrong time if the market takes a downturn.
For someone without prior specialist knowledge, I think it's much harder to make a serious mistake with property.
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OverTheBorder
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« Reply #24 on: March 14, 2015, 01:30:37 PM »

Def playing main event. Need that ticked off bucket list. House. Family holiday.  Keep a decent roll for mud stakes comps.

Main thing is wife won let me knock it in. That's why I married her Smiley
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typhoon13
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« Reply #25 on: March 14, 2015, 02:04:43 PM »


I mentioned earlier in the thread what to do and nobody as got anywhere close to beating it
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nirvana
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« Reply #26 on: March 14, 2015, 02:26:57 PM »


I mentioned earlier in the thread what to do and nobody as got anywhere close to beating it

Can you tell us more about these instruments
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typhoon13
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« Reply #27 on: March 14, 2015, 02:59:53 PM »


European medium term notes

You need £100k minimum to get involved hence Your $150k winnings

Find a good FA  and i mean GOOD

Obtainable is 20% paid monthly over 10 months direct into your bank with your initial investment placed in a trust which nobody else can touch.

Now i can already hear all the doubters getting ready to have a go at me, save your breath its a fact

As always i am only trying to help
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Kmac84
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« Reply #28 on: March 14, 2015, 03:36:40 PM »

I tell the Mrs I've won 100K, stash 50k for gambling/poker pay off the mortgage with the 100k and go a few nice holidays. 
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DaveShoelace
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« Reply #29 on: March 14, 2015, 03:53:51 PM »

I tell the Mrs I've won 100K, stash 50k for gambling/poker pay off the mortgage with the 100k and go a few nice holidays. 

Yeah 100% would tell her indoors the amount was less than it actually was. If she found out she would nag me into buying a bigger house instead of simply paying it off, which nitty old me would insta-do.
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