Premium Bonds - Not a bean for months now!!!!
Discussion
Burnham said:
Theres a subject I know nothing about...good luck!
Less about luck, more about skill. And no, it isn't spot the ball. The thing about PBs is that there's a greater chance you'll have a sub-par return for years and need to accept that you're losing interest as a risk for winning £1m. I suppose the argument could be that if you put your £30k in a bank account and buy one lottery ticket a week, you'd actually be in profit even if you lost each week.
DSLiverpool said:
Had £25 a month last 3 months, sold them all back and rebought to flip the odds - fail
Doh..RemainAllHoof said:
Burnham said:
Theres a subject I know nothing about...good luck!
Less about luck, more about skill. And no, it isn't spot the ball. The thing about PBs is that there's a greater chance you'll have a sub-par return for years and need to accept that you're losing interest as a risk for winning £1m. I suppose the argument could be that if you put your £30k in a bank account and buy one lottery ticket a week, you'd actually be in profit even if you lost each week.
I've read before about being better off spending the interest from the savings on lottery tickets...I buy a few from time to time too, but never had any luck there either. I guess time will tell.
RemainAllHoof said:
Burnham said:
I've read before about being better off spending the interest from the savings on lottery tickets...I buy a few from time to time too, but never had any luck there either. I guess time will tell.
Oh, right. I'm not the only idiot, then. The problem is I know my numbers by heart, and the fear of them coming up and me not haivng bought the ticket just doesnt sit nicely with me!
Burnham said:
I call it idiot tax too, then promptly go and buy a couple of lines (on the lottery!).
The problem is I know my numbers by heart, and the fear of them coming up and me not haivng bought the ticket just doesnt sit nicely with me!
I know someone who did that at an old place I worked. She missed the deadline for handing the ticket in. She hated her job, too. The problem is I know my numbers by heart, and the fear of them coming up and me not haivng bought the ticket just doesnt sit nicely with me!
As I understand it 1.5% of money invested in PBs is the prize fund.
I "m of the opinion (but could be very wrong) that most investments in PBs are long term in fact I'd go as far to say that In would imagine a sizeable proportain stays in until the death of the investor. If this were to be true would it not be a good financial stratagy for the the Gov to double size of prize fund which in turn would generate a huge influx of money safe in the knowledge they may not be required to pay back the original investment sum for many years. I'm no financier but does that make any sense at all.
I "m of the opinion (but could be very wrong) that most investments in PBs are long term in fact I'd go as far to say that In would imagine a sizeable proportain stays in until the death of the investor. If this were to be true would it not be a good financial stratagy for the the Gov to double size of prize fund which in turn would generate a huge influx of money safe in the knowledge they may not be required to pay back the original investment sum for many years. I'm no financier but does that make any sense at all.
Burnham said:
That's not the first time I've heard this...for what's a 'random' process of selecting winners, there's an awful lot of people who seem to win in the first few months of getting them, then it trails off.
Spot on. I bought some a three years back and got a few hits for the next 6-8 months or so and then nothing. Zilch. Nada. I bought a few more this summer and started to 'win' again. Random it ain't.A friend at work has had bonds for donkey's years. Every so often he'll cash in a few small lots and re-invest in one chunk. He thinks having them in contiguous blocks helps. I reckon it's just movement in the account that gets noticed.
1598 said:
Myself and my cousins/siblings were each bought about £20 worth when we were all born.
I recall my brother winning £25 once. That's it. They are all registered at my parents address from which they have lived at for over 40 years so I know it is not because they cannot contact us.
Maybe it's because you haven't got very many.I recall my brother winning £25 once. That's it. They are all registered at my parents address from which they have lived at for over 40 years so I know it is not because they cannot contact us.
Luke. said:
1598 said:
Myself and my cousins/siblings were each bought about £20 worth when we were all born.
I recall my brother winning £25 once. That's it. They are all registered at my parents address from which they have lived at for over 40 years so I know it is not because they cannot contact us.
Maybe it's because you haven't got very many.I recall my brother winning £25 once. That's it. They are all registered at my parents address from which they have lived at for over 40 years so I know it is not because they cannot contact us.
40 years!
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