MoneyTalk

 

Diary Of A Lottery Winner

14 November 2011
In this week’s episode:

David Kuo chats with lottery winner Vinny about how a win of £2.5m has changed his life. Vinny explains how he has invested his windfall and why he has chosen this particular asset allocation. Vinny offers some sage advice for people who are struggling in the current economic climate and he also gives some pearls of wisdom for anyone who comes into money. (Click to read a transcript of the podcast)

David Kuo and Vinny
David Kuo and Vinny

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Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

rouge14 14 Nov 2011 , 5:16pm

Great podcast.
Interesting that an IFA chose investment trusts and ETFs as pooled investments for himself.
I recently spoke to an IFA I know socially and he told me about a superb investment he had recently spent money on.
I was thinking....Gold, lastest fund launch etc. was coming but no.
Solar PV panels not for cheaper electricty but the very generous feed in tariffs that are locked in for 25 years. He reckons he is getting about a 10% pa return on capital. Although these are about to be halved as the government realises they are a bit too generous!

SparksTrader 16 Nov 2011 , 7:34am

An enjoyable podcast, and I must say the winner came across as a very likeable down to earth chap.
One thing though - he is a financial advisor but got into credit card difficulties before his win.... slightly disconcerting

ratracer80 16 Nov 2011 , 10:14am

Yeah I would have to agree with the statement above. Interesting podcast and I wish him all the best, he did come across as a decent person but if looking for a financial advisor I would be keen to use someone who can practice what they preach. Spending less than you earn really is the basics however I am glad the advice he gave was on money management and budgeting. Obviously everyone can learn from their own mistakes.

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About the show

MoneyTalk is a podcast from The Motley Fool (UK). Hosted by David Kuo, it’s a lively roundtable discussion where Fool writers and guests from the world of money thrash out the financial issues of the day.

Join us as we take an irreverent look at anything and everything to do with shares – from how to pick your first share to how to manage your own pension to what mini skirts have to do with Britain's economy (quite a lot, according to David).

From quick tips on how to tidy up a wayward portfolio to in depth discussions with industry experts, MoneyTalk tackles a different topic every week.

The MoneyTalk RSS feed has details of our last 100 shows.

About the presenter

David Kuo is The Motley Fool’s media personality. He can be heard on BBC London’s (94.9FM) Breakfast Show where he arouses listeners every weekday morning with his unique brand of financial news. He is also a regular commentator on national news programmes including CNBC, BBC News, and Sky News.

David stumbled into the world of broadcasting at the turn of the Millennium when he was invited to comment on the stock market crash. He says, “I think I stunned Londoners speechless when I said the good thing about the crash is that shares are now more affordable for people who want to invest in the stock market!”

His attitude to investing has never wavered, as he always sees downturns in the market as a buying opportunity for long-term investors.