Premium Bonds - Not a bean for months now!!!!
Discussion
I still don’t get the draw of premium bonds?
The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
Aiminghigh123 said:
I still don’t get the draw of premium bonds?
The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
It’s a lottery that you can’t lose, so why not?The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
Oh... and nowt on £50k for me
Aiminghigh123 said:
I still don’t get the draw of premium bonds?
The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
It’s a crap long term investment but a good place to put some money short term. Zero risk, pretty much instant access and a chance to win a few quid.The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
Aiminghigh123 said:
I still don’t get the draw of premium bonds?
The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
The 'draw' of premium bonds is that it is a relatively safe form of gambling and tax free if you're lucky enough to win big.The above is 2.1% if you get the same every month for a year. Most seem to be 0.5-1.5%
Can get 1.1% from a nationwide savings account.
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
Why not buy Shell shares? Because you would have lost a shed load of money if you bought them at the wrong time - and the divi is crap now, anyway
witteringon said:
he 'draw' of premium bonds is that it is a relatively safe form of gambling and tax free if you're lucky enough to win big.
Why not buy Shell shares? Because you would have lost a shed load of money if you bought them at the wrong time - and the divi is crap now, anyway
How is it crap? On my investment its working out at 4.8% a year tax free as it’s in ISA. Just the dividends itself not the gain in share price.Why not buy Shell shares? Because you would have lost a shed load of money if you bought them at the wrong time - and the divi is crap now, anyway
On Martin Lewis calculator if I invest £20k in premium bonds over 5 years I would expect back around £750 as an average.
Aiminghigh123 said:
How is it crap? On my investment its working out at 4.8% a year tax free as it’s in ISA. Just the dividends itself not the gain in share price.
On Martin Lewis calculator if I invest £20k in premium bonds over 5 years I would expect back around £750 as an average.
OK, perhaps not crap, but the divi now is half what it was in previous years and the investment is risky - if you had bought £50K at the top of the market last year and were forced to sell at the low point you would have lost almost half your money.On Martin Lewis calculator if I invest £20k in premium bonds over 5 years I would expect back around £750 as an average.
Its a gamble!
witteringon said:
OK, perhaps not crap, but the divi now is half what it was in previous years and the investment is risky - if you had bought £50K at the top of the market last year and were forced to sell at the low point you would have lost almost half your money.
Its a gamble!
Yes I guess in that situation that would be a bad deal. Its a gamble!
So short term premium bonds seem ok and according to Martin Lewis over £5k premium bonds can be worth it.
My Shell and BP I plan on leaving for 20 years by which time it should have doubled plus a bit on just the dividends alone.
Obviously like you said it’s a bit more of a gamble. Then again I did read that premium bond payments were cut in December so I guess everything is “subject to change”
Aiminghigh123 said:
Or why not buy Shell shares?
I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
Is that all? Why bother with Shell and BP. You could do far better than that sticking it all on red at the casino. I’ve had £100 dividends on £4200 since August last year.
BP same on £3500.
Plus my investment is up 30% and 40% respectfully.
ACCYSTAN said:
Is the Maximum holding still £100k?
50k per account, so 100k if both you and the missus have one.I think the poster above is missing the point, premium bonds are not a "instead of" investment they are an "as well as". Better to hold cash there than a current account..
There are all sorts of investments you could tie capital up in, but doing so introduces risk and potentially reduces flexibility.
last month Chester draws said:
In for next month's draw.
End of Feb I put £25k in. According to statistics and probability, I'm likely to "win" nothing in April.
Let's see.
Statistics and probability is correct. Nothing on that £25k.End of Feb I put £25k in. According to statistics and probability, I'm likely to "win" nothing in April.
Let's see.
But I found another £10k so next month should be a prize given the odds are 35,000 to 1 or thereabouts.
Had my worst month in a long time ...
On £50k:
June 2020 - £25
July 2020 - £25
Aug 2020 - £150 (6 x £25)
on £100k 'family' holding:
Sept 2020 - £150 (6 x £25)
Oct 2020 - £150 (6 x £25)
Nov 2020 - £50 (2 x £25)
Dec 2020 - £100 (4 x £25)
Jan 2021 - £50 (2 x £25)
Feb 2021 - £175 (7 x £25)
Mar 2021 - £150 (6 x £25)
Apr 2021 - £25
On £50k:
June 2020 - £25
July 2020 - £25
Aug 2020 - £150 (6 x £25)
on £100k 'family' holding:
Sept 2020 - £150 (6 x £25)
Oct 2020 - £150 (6 x £25)
Nov 2020 - £50 (2 x £25)
Dec 2020 - £100 (4 x £25)
Jan 2021 - £50 (2 x £25)
Feb 2021 - £175 (7 x £25)
Mar 2021 - £150 (6 x £25)
Apr 2021 - £25
Gassing Station | Finance | Top of Page | What's New | My Stuff