The Best Investment for Huge Lotto Winners
You have won unexpectedly. We all hope to win and when it actually happens we are not prepared! Where, how, how much? The correct information towards a sound investment is the first step.
Unit Trusts for Huge Lotto Winners
If you have won a good amount of money, which you want to invest wisely then Unit trusts is way to go. There are many different options for investment. Unit trusts are good options. They are available to anyone and can be a good investment for Lotto Winners. What is a Unit trust?
“A unit trust is a form of collective investment constituted under a trust deed. Unit trusts are open-ended investments; therefore the underlying value of the assets is always directly represented by the total number of units issued multiplied by the unit price less the transaction or management fee charged and any other associated costs. Each fund has a specified investment objective to determine the management aims and limitations.” – Wikipedia.
You have to understand that Unit trusts are not insurance products. These can add to your life insurances policies, your retirement annuities and other investments. You could use the lump sum you won to invest in Unit trusts. It is not as risky as other investments as the rise and fall of the price is not as severe.
The bad news is that your investment will have less value if the economy is not good. A strong economy will ensure stable rise of your funds.
However, if the economy is not strong, you are able to buy more trusts until the market stabilizes again. If you are happy taking this risk then go for it!
Huge Lotto Wins: Big money, big play, big risk
The key to being wise with your investments is diversity. Don’t put all your eggs in the same basket! If you have won big, then think about buying into Off-Shore investments (you need a minimum of R50000.00), purchase property or invest in gold.
If you purchase property, the best is buy to rent. Don’t buy to sell, there is not a good market at present for resale of a property and securing a large enough percentage to warrant an investment. If you can buy two or more properties to rent out, you will have a sound investment and can always resell the properties at a later stage when the market is good.
Professionalism against blunder
If you have no idea what to do with your money, make an appointment with a financial adviser who can give you sound advice towards the best investment for your Lotto winnings. These people are qualified and study the trends and markets on a daily basis. Don’t take chances. If it is too good to be true, it can’t be true!
All lotteries are operated by Huge Lottos and are subject to the terms and conditions on their web site. Any information on this site can change anytime & without notice. Please make sure you are up to date with any restrictions that may apply.
This article originally posted on http://play-uk-lottery.com/ and re-posted here with permission.
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