25 uk billionaires

http://www.bbc.co.uk/news/uk-27360032

i'm not an greedy person 2/3 million will do me

Wow! Just a couple would do me too xx

Me too!

Same here, I've always said I would just retire with 1.5

i think an nice house and half an million will do me... i dont need flashing thing in my life aslong i look nice i be happy

I wanted the 1.5 because even with a 3% annual return it would give me 45k to live off every year. I worry about running out of $ when I am old

that a good idea yea live off the interest

Dividend paying stocks are also nice to have

i dont know anything about stocks

i'm changing my isa account for the best rate i used to get like 3.5% it really poor at the moment i got an fixed account at the moment for 2.5% for 5 years i can add money but i cant take it out

Stocks are a bit risky but I have one that pays a $0.05 dividend every quarter. I own about 15,000 shares so that breaks down to about $250 per month. The stock used to pay $.50 per quarter which is what I am hoping it does in the next few years since that would be $2,500 a month for me and I could get by with only working about 2 days per month

wow lee what that in pound?

is that around £1.500 or something

1484.29

wow wow  

$2,500 is around 1825 pounds.

I was using a 1.37 exchange rate.

good amount there lee... so what company to do you have share in?

Bank of America, I bought in when it was about $6.00 per share a couple of years ago. It was up over $18.00 a share until they discovered a $4 billion accounting error and now it's about $14.75 or so per share. Still a good couple of years for me.

that still good i would scare me to dead... i probably put my money in an rubbish stock and end up getting nothing back

I don't normally invest in a single stock. I prefer mutal funds like the S&P 500 index. Much safer investment and comes with built in diversification. With Bank of America though the price was too low to pass on since it is the second largest bank in the US and the stock fell from around $50 to $6 so there was no where to go but up or bankrupt.

that what i would worry about...

Yeah I worried too but sometimes you have to take a risk espically if the potential upside is large. I could afford to be patient as well so that helps.

£100,000 would do me   

Steve wrote:http://www.bbc.co.uk/news/uk-27360032

i'm not an greedy person 2/3 million will do me

I'm not greedy either, a couple of million would do us just right, a nice house and big garden for Rocky and possibly a little sister for Rocky too, sorted. Would love to have a big garden and a wood for rambling in    oh happy days.