You Just Won The Lottery! Now What?

Winning the lottery might be your dream scenario, but what would you actually do if you hit the jackpot? Here are some things to consider

Jocelyn Jovene 29 April, 2021 | 9:13AM
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Lottery balls bouncing

It's the sort of casual conversation we all have at least once in our lives: what would I do if I won the lottery? For many people, it's a dream scenario. But a sudden windfall calls for some careful financially planning.

The odds of winning the lottery are just 1 in 45 million but, as they say, you’ve got to be in it to win it. Imagine the lottery ticket you recently bought got you a £10 million prize! Amazing right? After you realise you have just become very rich, what are the appropriate steps to take and make sure you manage that money properly?

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Jocelyn Jovene

Jocelyn Jovene  is Senior Editor for Morningstar France

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