Premium Bonds - Not a bean for months now!!!!
Discussion
TheInternet said:
Blimey - I won £100 last month, and £25 this month - but by that calculatorI'm still classed as unlucky for the last 6 month duration... I must have been really really unlucky until last months minor windfall!!
Steamer said:
TheInternet said:
Blimey - I won £100 last month, and £25 this month - but by that calculatorI'm still classed as unlucky for the last 6 month duration... I must have been really really unlucky until last months minor windfall!!
Venturist said:
Why do people do premium bonds rather than just some nice stable investment funds?
Yes your investment can go down as well as up, but practically and averaged over long investment periods just like people do with PBs, the trend is consistently upwards by nice chunky percentages.
It's been covered in this thread a fair amount but it's a good question so here's my reasoning.Yes your investment can go down as well as up, but practically and averaged over long investment periods just like people do with PBs, the trend is consistently upwards by nice chunky percentages.
1. You say yourself funds can go down as well as up. That's no good to me as I will need mine short term.
2. There's always the chance that I can win someone else's share.
3. I can get my money back with zero fees
4. It's fun (when you win)
5. Nobody puts all their money in a fund, what do you do with other pots? Rainy day pots, car pots etc etc. Pots that you may want to dip into.
6. Better (hopefully) than money in the bank.
7. Completely stress free. It's not very nice looking at your funds going down is it. Ok that's offset when they go up granted.
Just a few reasons why I personally have one of my pots in premium bonds.
rufusgti said:
5. Nobody puts all their money in a fund, what do you do with other pots? Rainy day pots, car pots etc etc. Pots that you may want to dip into.
6. Better (hopefully) than money in the bank.
I can't believe people have more than one pot! Don't know where everyone gets their money from to have so much here, there and everywhere! 6. Better (hopefully) than money in the bank.
Think I'm doing something wrong
Even with dismal interest rates of the past 10 or so years, if my Dad had the money he has in PB in a bank since 1992 (when he 'invested'!) he'd have a lot more now, even with his winnings.
Met a financial advisor last night and, amongst other things, he told me two stories about PBs.
1 - he personally has more than £50k as there wasn't previously a limit, though he's not able to add more. And he once won £125k on them! Jammy sod.
2 - one of his clients won the lottery. Put some money in to PBs.... won a £1m prize! Don't tell me there's no such think as lucky people!
Might be utter lies but he's no reason to lie to me.
1 - he personally has more than £50k as there wasn't previously a limit, though he's not able to add more. And he once won £125k on them! Jammy sod.
2 - one of his clients won the lottery. Put some money in to PBs.... won a £1m prize! Don't tell me there's no such think as lucky people!
Might be utter lies but he's no reason to lie to me.
Pork said:
1 - he personally has more than £50k as there wasn't previously a limit,
That's an odd thing to say as I'm pretty sure for an individual it's not correct. It started off at £500 and it went up to £50K (from £40K) fairly recently.Couples and even whole families sometimes each have the max holding though.
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