Premium Bonds - Not a bean for months now!!!!

[WTD]

2 x 25 for me, breaking a 7 month losing streak, with 20k invested.

[Supernova190188]

4 x £25 for me, which is good news as had nothing at all since sept.

[Steamer]

anyone else struggling with prize checker today - or just me?!

[jumpingjackdan]

GaryGlitter said:

jumpingjackdan said:

Premium bonds are a big con, you can work out the sums yourselves but the telegraph has done it for us: http://www.telegraph.co.uk/finance/personalfinance...

2010 just called, it wants its old 'news' back.

So you don't play the lottery either because that's a con too?

Yes we all know that the odds of winning big are small, but personally on my £1K investment (yes, I see it as a investment albeit one that will never go down in value so I'm already winning there) I'm already 2.5% up since joining in November.

Do your own maths, I don't give a toss what Martin Lewis said 3 years ago in an article that's now outdated since they adjusted the prize pot (which reduced the odds!)

Edited by GaryGlitter on Saturday 4th January 09:55

That's a tad rude. As I understand mathematics, finance, investments, portfolio management and risk management I am more than capable of working out the maths - I think if you were you would not made such a stupid comment. I do the lotto despite it being a tax on the stupid, I am aware of the odds but derive utility from the "what if" so that is a fair trade for the price of the ticket.

You think you are up 2.5% in real terms or nominal terms? Have you heard about inflation? You have made nothing, zero, nil!!

[Dave^]

jumpingjackdan said:

That's a tad rude. As I understand mathematics, finance, investments, portfolio management and risk management I am more than capable of working out the maths - I think if you were you would not made such a stupid comment. I do the lotto despite it being a tax on the stupid, I am aware of the odds but derive utility from the "what if" so that is a fair trade for the price of the ticket.

You think you are up 2.5% in real terms or nominal terms? Have you heard about inflation? You have made nothing, zero, nil!!

And what, prey tell, would he have made if he'd bought 500 scratch cards/stuff it down his pants/left it in his current account?

[sunoco69]

Me 2 x £25
Wife 1 x £25

Both with max holdings.

[4sure]

Mrs nowt
Me £25

not good.

[mark387mw]

First win since August.
3 x £25
Have they made a special effort for us this new year?

[Luke.]

Zip here on £10k.

[jock mcsporran]

4 x £25 here

[AGell]

3 x £25, was quite surprised

[stevensdrs]

1 x £25 and not happy. That's only £125 in 6 months which is a p!$$ poor return.

[TheLordJohn]

stevensdrs said:

1 x £25 and not happy. That's only £125 in 6 months which is a p!$$ poor return.

You can take your money out and invest it in a more financial long rewarding way, you know....

[226bhp]

GaryGlitter said:

I don't give a toss what Martin Lewis said 3 years ago in an article that's now outdated since they adjusted the prize pot (which reduced the odds!)

Edited by GaryGlitter on Saturday 4th January 09:55

I've heard more recent interviews with Lewis whereby he admitted he doesn't really like PBs, but at the moment you are no better or worse off than anything else on offer.

I'm still receiving my average £50pm return on £16k: £25 in Dec, £75 this month.

[Rick101]

My first draw coming up. Quite excited and looking forward to my 5 figure win!

[okgo]

Same here.

I've put a deposit down on a Turbo S 911, so lets hope I can afford to pay it off!

Feb 3rd you reckon chaps?

[funinhounslow]

Interest rates on instant access savings accounts are pitiful so I've transferred my savings into premium bonds.

If I win £50 over the next year I've broken even.

Followed the advice earlier in this thread and bought at the end of the month, so March will be my first draw.

[GrizzlyBear]

jumpingjackdan said:

Premium bonds are a big con, you can work out the sums yourselves but the telegraph has done it for us: http://www.telegraph.co.uk/finance/personalfinance...

Unfortunately so is everything else, Savings rates have been artificially suppressed by QE and FFL (funding for lending - which I believe is ending for mortgage lending at the end January) and other schemes like Special liquidity. Government bonds artificially supported Prices with QE and trying to ruin other options (like savings). Shares artificially boosted by QE and FFL so buy now and risk losing lots, property hideously overpriced and over-supported with the help to buy sell scheme, 0.5% base rate, FFL, lack of building and mortgage forbearance, precious metals in a bubble and deflating slowly. All this meddling in what should be free markets.

At least with premium bonds buy are depriving some of the banks speculators of your hard earned cash.

funinhounslow said:

Interest rates on instant access savings accounts are pitiful so I've transferred my savings into premium bonds.

If I win £50 over the next year I've broken even.

Followed the advice earlier in this thread and bought at the end of the month, so March will be my first draw.

Hopefully, the ending of Funding for Lending for Mortgages at the end of January might see some better rates filtering through, although I am sure the gov and the banks will find another way of ripping off anyone with savings.

Best of luck.

[Jimmy No Hands]

I'm new to these, what time & day do they usually get drawn? Stuck a few k in back before Christmas.

[HumbleJim]

Drawn on the 1st of the month, the website is updated a few working days after the draw. Try taking a look on Wednesday.