New Money3 Sep 2020 11:26
Very enthusiastic and enlightening forum this am. Some exceptional contributions...thank you.
Getting personal, now. Several (if not many) posters on here (if the SP gets anywhere near 50p+) will be sitting on Millions. After the dust has settled, how does one actually manage their new found wealth? I can imagine the first course of action is to sell your newfound gains and deposit it into your bank account. "Hello, Mr Jones, we have received a notification that 10 million pounds has just been deposited into your everyday saver account. We would like to inform you that i.a.w. FSCS laws, you are protected against the first £85,000 if the bank defaults."
So now you have to shift £9,915,000 elsewhere. Where the fook does it go? You can only buy so many houses, cars, paintings, women! Deposit in so many banks, hide under so many beds!
A difficult dilemma and one I very much wish on all of you/us in the forthcoming months/years :)
Z