We humans are an interesting species. No ‘robo-investor’ would invest in anything with such odds, but millions of us, myself included, do it regularly. Maybe it’s the brief daydream of what you’d buy and in what order. Who do you like enough to relieve of their mortgage. Who would get jealous. Who would think you’d changed. Ok, stop thinking.

Maybe it’s the charitable side. For me it’s both. 

The simple fact is that people are, on the whole, awful at managing money. Lottery winners are more likely to end up bankrupt than the rest of the population. Several have ended up in prison.

And there’s the 2016 changes. Don’t get me started.

Oh ok…so the cost doubled to £2. A 100% increase. In exchange they kindly gave us more numbers to choose from. How lovely. The less-publiced results was that the odds of small wins doubled, big wins tripled. The odds of a jackpot rose from around 14 million:1 to 45 million:1. I don’t use the extra numbers, just out of spite. Sadly I doubt they’ve noticed. The Euromillions generally rolls over for a reason. You’ve a 1:145 million chance of a jackpot! For £2.50!

But…that new Maclaren GT would look REALLY good on the drive…

Winning a million would of course be life changing. You could give up your job, buy a decent house and car, and spend your time doing a job you love. You could invest it and live off £50k PA dividends. It would be hard not to touch it though.

But what do you do with a  Euromillions rolled-over £100+ million win? There’s a limit to what you can buy. There would be plenty of people eager to help you part from it. I think I would set up a charitable foundation (not sure what it would do though), buy a reasonable house and a couple of nice cars, and concentrate on growing the rest.

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