Premium Bonds - Not a bean for months now!!!!
Discussion
Aiminghigh123 said:
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”
UmpaLoompa said:
20 year outlook for 2 oil companies? Seems pretty risky to me!
Have you actually done research? BP and Shell both heavily invested in renewable sector.
BP recently got into contract with Neste to help it up its production of bio fuel for aviation from 100k tonnes a year to 1.1 million tonnes by 2023.
webstercivet said:
You the guy that bought 256 Deliveroo shares? 
True but that was a punt with gamble money. I averaged down the other day so it’s not looking as bad. My NGHT returned 250% in a week. I did no research. Ha ha ha
Again gamble money.
Edited by Aiminghigh123 on Saturday 10th April 16:46
Aiminghigh123 said:
Mr Whippy said:
UmpaLoompa said:
20 year outlook for 2 oil companies? Seems pretty risky to me!
I’d be going for domestic battery production and hydrogen fuel infrastructure as a hedge at least.Given the two options today I’d rather go with PBs for 20 years
Aiminghigh123 said:
UmpaLoompa said:
20 year outlook for 2 oil companies? Seems pretty risky to me!
Have you actually done research? BP and Shell both heavily invested in renewable sector.
BP recently got into contract with Neste to help it up its production of bio fuel for aviation from 100k tonnes a year to 1.1 million tonnes by 2023.
Just opened the 2020 Shell annual report. Revenues of c$180bn.
Of those revenues, $128bn (71%) came from oil production, $6.5bn (3.6%) from upstream activities and $11.7bn (6.5%) from chemical manufacturing. So that's at least 81% of revenues derived from non renewable energy sources for a start.
They then go on to talk about their integrated gas business ($33bn revs) - which includes 'Renewables and Energy Solutions'. The report claims that LNG production was 83% of production in 2020, which means of those $33bn revenues, c$27.4bn was non renewable.
So that leaves $5.6bn which could be renewable, although the integrated gas business also includes trading revenues so unlikely for renewables to account for the remaining - although for arguments sake let's say they do and therefore form 3% of revenues. Hardly a core part of the business.
Finally, they disclose that capex into the renewables energy business was $900m in 2020. That compares with the wider group's capex bill of $17.8bn.
So, yes, i've done my research and i'm content with my original statement!
jules_s said:
So - a quick Q
I'm still(!) a tad nervous about transferring £50k sums over the internet
It seems we cant buy these bonds via a trip to the Post Office anymore - does anybody have any other suggestions?
TIA
Do it in smaller payments , you don’t have to do it all at once , my mum did it in £10k payments over a few weeks I'm still(!) a tad nervous about transferring £50k sums over the internet
It seems we cant buy these bonds via a trip to the Post Office anymore - does anybody have any other suggestions?
TIA
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