2006-09-01 07:47:23 · 10 answers · asked by Windsor 5 in Business & Finance ➔ Investing
Not as much as you think.
If you put it in a bank a/c, at current rates (5%) you will get £800 per day after tax, which is about the same as most top lawyers, doctors and directors of large companies get.
But while their earnings are inflation proof, your earning and capital will be losing value and you will die much less rich than you started. Most people would then consider you a failure.
2006-09-01 10:18:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It all depends on where you put it. If you put it in something very safe, like the bank or money market funds, you'll earn very little and may not keep up with inflation.
If you don't need the money for 3 years or more, you should look towards more aggressive investments (not too aggressive unless you're 10 years out or more) for at least some of it, so you can earn a higher rate of return. You can expect 8-12% a year on average from a moderately conservative stock portfolio, however stocks go both up and down so that's an average over time, not something anyone can guarantee every month.
Talk to a good financial advisor.
2006-09-01 07:55:52 · answer #2 · answered by Lori A 6 · 1⤊ 0⤋
I am sure it will depend on how you invest and in what type of account. In the US you can choose an IRA, high yield bonds, savings accounts etc. You need to talk to an investment banker to find the plan to best suit your needs.
2006-09-01 07:52:41 · answer #3 · answered by teezmepeas 2 · 0⤊ 0⤋
about 1 thousand pound but dont forget everyday you will get more interest from the interest added day before
2006-09-01 07:50:06 · answer #4 · answered by jimmy22470 2 · 0⤊ 0⤋
If you give it to me, I'll invest it for you, and give you a daily allowance of 2000 sterling.
Honest guv, honest
2006-09-01 07:54:18 · answer #5 · answered by savs 6 · 0⤊ 0⤋
a good investment could get you about £800 after tax
2006-09-01 07:55:45 · answer #6 · answered by agius1520 6 · 0⤊ 0⤋
If you have so much money the interest should not be of any importance to you.
2006-09-01 07:52:10 · answer #7 · answered by angelo26 4 · 0⤊ 1⤋
If i knew the answer to that do you honestly think i'd be wasting my time sitting here...lol..
2006-09-01 07:56:53 · answer #8 · answered by Platinum 3 · 0⤊ 0⤋
transfer it to my cayman account I will invest it for you and send you regular postcards letting you know how it's all going
2006-09-01 22:33:47 · answer #9 · answered by jaded traveller 1 · 0⤊ 0⤋
About £1,200 (less tax).
2006-09-01 07:55:35 · answer #10 · answered by Anonymous · 0⤊ 0⤋