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

[Burnham]

Well its good to know someone is winning! I take it that was all in a single win then? Nice one!

Its been 2 months for me now but nothing so far.

[slrdriver]

The interest from Premium Bonds is absolutely pants.

You are just lending the government money at a discounted rate...you would be better off investing it in some shares and buying lottery tickets with the dividends if you really must.

[stevensdrs]

slrdriver said:

The interest from Premium Bonds is absolutely pants.

You are just lending the government money at a discounted rate...you would be better off investing it in some shares and buying lottery tickets with the dividends if you really must.

Shares!!!! Don't make me laugh. The stockmarket is the easiest place to loose your shirt. My PBs are returning a consistent 5% each year, which is more than you can get in any other savings account at present.

[Tiggsy]

stevensdrs said:

slrdriver said:

The interest from Premium Bonds is absolutely pants.

You are just lending the government money at a discounted rate...you would be better off investing it in some shares and buying lottery tickets with the dividends if you really must.

Shares!!!! Don't make me laugh. The stockmarket is the easiest place to loose your shirt. My PBs are returning a consistent 5% each year, which is more than you can get in any other savings account at present.

If you're getting 5% on PB's you are doing so through luck, nothing more.

[Burnham]

Tiggsy said:

stevensdrs said:

slrdriver said:

The interest from Premium Bonds is absolutely pants.

You are just lending the government money at a discounted rate...you would be better off investing it in some shares and buying lottery tickets with the dividends if you really must.

Shares!!!! Don't make me laugh. The stockmarket is the easiest place to loose your shirt. My PBs are returning a consistent 5% each year, which is more than you can get in any other savings account at present.

If you're getting 5% on PB's you are doing so through luck, nothing more.

Does it matter how?

[Mr E Driver]

I see PB's as a gamble where you get your stake back when you want it, nothing more.

[mark387mw]

Mr E Driver said:

I see PB's as a gamble where you get your stake back when you want it, nothing more.

yep

[Tiggsy]

Burnham said:

Tiggsy said:

stevensdrs said:

slrdriver said:

The interest from Premium Bonds is absolutely pants.

You are just lending the government money at a discounted rate...you would be better off investing it in some shares and buying lottery tickets with the dividends if you really must.

Shares!!!! Don't make me laugh. The stockmarket is the easiest place to loose your shirt. My PBs are returning a consistent 5% each year, which is more than you can get in any other savings account at present.

If you're getting 5% on PB's you are doing so through luck, nothing more.

Does it matter how?

No, as long as you accept you are gambling on an unlikley event......which is fine, but odd to do that and laugh at shares.

[14-7]

Tiggsy said:

Burnham said:

Tiggsy said:

stevensdrs said:

slrdriver said:

The interest from Premium Bonds is absolutely pants.

You are just lending the government money at a discounted rate...you would be better off investing it in some shares and buying lottery tickets with the dividends if you really must.

Shares!!!! Don't make me laugh. The stockmarket is the easiest place to loose your shirt. My PBs are returning a consistent 5% each year, which is more than you can get in any other savings account at present.

If you're getting 5% on PB's you are doing so through luck, nothing more.

Does it matter how?

No, as long as you accept you are gambling on an unlikley event......which is fine, but odd to do that and laugh at shares.

The difference is you cannot lose your money in PB's though whereas shares you can.

[5705]

14-7 said:

The difference is you cannot lose your money in PB's though whereas shares you can.

Indeed, when the Stock Exchange manages to invent shares where your capital is risk-free, we'll all be rushing there. Carried there on the backs of our wonderful flying pigs.

[mark387mw]

5705 said:

where your capital is risk-free, we'll all be rushing there.

Premium Bonds??

[eliot]

Nothing for me this month on 30 bags

[Tiggsy]

5705 said:

14-7 said:

The difference is you cannot lose your money in PB's though whereas shares you can.

Indeed, when the Stock Exchange manages to invent shares where your capital is risk-free, we'll all be rushing there. Carried there on the backs of our wonderful flying pigs.

No one would rush there for that. People buy shares because they are investing, people buy PBs because they are saving. Both accept risks, the shares risk is capital loss....the PB risk is that the interest you achieve is normal. You are gambling on an unlikely event...which is fine.

[Dan_1981]

£75 quid last month which was nice as I hadn't had anything for quite awhile.

[Chris_H]

The good old days. This is my statement from the first six months of 2007 when winning was easier. Happy days!!

[Justin Cyder]

I stuck 30 in to pb's after I almost lost all my dough in Icesave. On top of that, I've got 10 in for my daughter. My rationale at the time was to get into a relatively safe haven.

Through laziness I've left it in for a couple of years, tend to pick up £50 most months, but couldn't honestly tell you the return, since I tend to bung them in the current a/c. But I'm thinking time to cash in & find something more productive.

[Burnham]

Chris_H said:

The good old days. This is my statement from the first six months of 2007 when winning was easier. Happy days!!

Happy June, I bet that made for a good summer

[Jimmy No Hands]

Comeplete noob to premium bonds. But I've got some savings sat in a low interest savings account doing nothing. If I put it all into PB's can I access it whenever I want and however much I like? I just like to be able to access it if need be.

[hornet]

This has made me dig out the Premium Bonds my Nan got me when I was born (all six units!) in the vague hope I'm sat on an unclaimed fortune, but not a sausage. Not even a Quorn one. ISA is currently topped out, so may well buy a chunk on the basis it is at least tax free.

[craigb84]

hornet said:

This has made me dig out the Premium Bonds my Nan got me when I was born (all six units!) in the vague hope I'm sat on an unclaimed fortune, but not a sausage. Not even a Quorn one. ISA is currently topped out, so may well buy a chunk on the basis it is at least tax free.

Could be worth while for a couple of months before you can dump more money into the Isa in April.