Sold House Funds

eskbanker

I can see that stalemate approaches and that there isn't likely to be much value in prolonging this, but you're still using a narrow definition of a 'good return' that happens to fit your prejudices regarding premium bonds and dismissing the valid suggestion of them on that basis - yes, there isn't a guaranteed figure but to suggest that there would be no growth is clearly misleading.

Anyway, just to be clear, I'm not banging the drum for PBs in any way and am not seeking to endorse them as such, but conversely I don't believe it's appropriate to dismiss the suggestion as 'useless' just because you prefer your own idea! Of course it's your prerogative to put forward your own suggestion and promote its perceived advantages over others but IMHO it's rude and unnecessary to shout down other opinions as wrong in the way you have....

ValiantSon

eskbanker wrote: »

I can see that stalemate approaches and that there isn't likely to be much value in prolonging this, but you're still using a narrow definition of a 'good return' that happens to fit your prejudices regarding premium bonds and dismissing the valid suggestion of them on that basis - yes, there isn't a guaranteed figure but to suggest that there would be no growth is clearly misleading.

I don't accept your view of my definition being narrow. Neither do I accept that in this instance suggesting premium bonds was appropriate. And it isn't misleading to suggest that there would be no growth; you surely wouldn't suggest that buying a lottery ticket would lead to growth. Premium bonds are a type of lottery: you might win prizes, but you also may not.

eskbanker wrote: »

Anyway, just to be clear, I'm not banging the drum for PBs in any way and am not seeking to endorse them as such, but conversely I don't believe it's appropriate to dismiss the suggestion as 'useless' just because you prefer your own idea! Of course it's your prerogative to put forward your own suggestion and promote its perceived advantages over others but IMHO it's rude and unnecessary to shout down other opinions as wrong in the way you have....

I didn't dimiss them as "useless" because I, "prefer [my] own idea"; I dismissed them as "useless" because they didn't serve the needs of the situation at hand. This is a point I have already explained. I think ovens are fantastically useful things, but if someone wants to keep their food fresh for longer then an oven would be useless for that. The point is about appropriateness for purpose.

You think it's rude of me to point out the failings of an unreasoned and knee-jerk response that is in no way explained? I guess we have different perspectives of what is rude. Some might consider comparing someone's intellect to Benny from Crossroads to be rude. I might think it was amusing because that person had become tiresome in their unwillingness to listen to sensible explanations, but some people may still consider it rude. We're just going to have to agree to differ on that point.

eskbanker

Your gratuitous use of exaggerated (to the point of irrelevance) analogies does have some similarities with the posting style of your friend from that other thread, but ultimately it seems to me that there is no dispute about the fundamental fact that PBs don't offer a guaranteed return. However, you feel that this disqualifies them from consideration, based on your interpretation of what OP is looking for, whereas my view is that it's a valid option for OP to weigh up against others, such as your multi-account model. If OP is still reading this far, they can make their own mind up!

ValiantSon

eskbanker wrote: »

Your gratuitous use of exaggerated (to the point of irrelevance) analogies does have some similarities with the posting style of your friend from that other thread, but ultimately it seems to me that there is no dispute about the fundamental fact that PBs don't offer a guaranteed return. However, you feel that this disqualifies them from consideration, based on your interpretation of what OP is looking for, whereas my view is that it's a valid option for OP to weigh up against others, such as your multi-account model. If OP is still reading this far, they can make their own mind up!

You dislike my analogies. Fine. They illustrate a point and bear no relation to the digressions and outright failure to accept facts that the other person to whom you refer is prone. Nonetheless, you don't like them. I can live with that.