In shock I just recieved £23,500.00 In Premuim Bonds

AlwaysLearnin

inshock1092 wrote: »

I did get a few personal message from investor from this site which I may look into.

be very wary of people offering you 'opportunities' via PM!

atush

I agree, don't ever give money to people who PM you.

And in fact, you should contact the MSE team about this message.

suelees1

'Thirded'

jamesd

inshock1092 wrote: »

I actually want to find a way of forgetting I have this money because I am a bit of a gambler. I lost £100 yesterday betting on Manchester United vs West Ham.
If the money was In my account I would have stuck it all that's how confident I was.
Shall I tell my parent to change the password on the account?

As long as you're tempted to do things like that, yes, you should do things that make it impossible for you to do them.

There's no difference in the chance of winning between old and new bonds. New ones show up in winner lists more often just because there are more of them, the same reason why the south of the country shows up more than the north.

inshock1092 wrote: »

I did get a few personal message from investor from this site which I may look into. I am also going to donate some of the money to a dog home close by.

It would be good to report those messages if they are suggesting specific investments, other than things like well known unit trusts. If you want some opinions on whether to report them or not, just say what they were telling you to do and someone here will tell you if they are halfway sensible or out to exploit you.

If you are interested investments, that always comes with downs as well as ups but they are likely to do substantially better than just savings accounts. Just not very suitable if you have a certainty that you'll need to use the money in say the next five years. This doesn't mean you can't get at the money for that long, just that you might need to sell during a time when investments are down.

inshock1092

Thanks for the advice guys I shredded the certificate and forgot the online banking details I only have the hold number left can I use that to invest on the phone this is to help me not spend any.

sabretoothtigger

If your gambling habit is that bad you should be putting into a pension while you still have the willpower. That way you cant spend it all at once and will be forced to invest it for many years.

How does that benefit you now I hear you ask, well you dont have to contribute to a pension (so much) which everyone does.
So inversely you are better off and this is a waaay more profitable handling of this money then resisting the urge not to spend it which the majority of us would fail to do.

Its boring but your'll be richer if you just switch the cash into the pension, cash is set to suffer badly in the next years as our UK QE has to unwind because that is alot of free cash to dilute your moneys value (350bn or so)