NSI Premium Bonds

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82115558#Comment_82115558

Of course. Hopefully you have read the previous posts and appreciate why I posted this - it certainly wasn't to make myself look good.

We all have our views on what is risky and what is not. Those views may change over time and based on experience or discussion. We can all reject ideas which others may feel are sensible because of our inbuilt attitudes to risk (however we may define it).

The bottom line is you need to be comfortable with what you do with your money. It took me a long time to start investing instead of saving. It took me even longer before I started to put any money in gilts and index linked gilts. Now I might see that gilts are very comparable to savings accounts and that low coupon gilts with a significant gain on maturity may be more tax advantageous than a high interest savings account but it has taken a long time for me to get there.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/82115667#Comment_82115667

Yes, re-reading your post I can now see that your intention was presumably to laugh at your own previously simplistic understanding of risk and that these days you have a more sophisticated perspective, apologies that I didn't correctly interpret that before!

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82115600#Comment_82115600

Yes I spent some of my TFLS on a few ILGs in 2024. Should have waited until 2026 to buy but there you go.

I do think they can be an excellent idea.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82115677#Comment_82115677

Perhaps more "holding myself up as an example".

And perhaps for the FA's comments to be heard, as they weren't by me back then.

I think sophistication is going to take another 65 years so I doubt I'll get there.

kempiejon

https://forums.moneysavingexpert.com/discussion/comment/82115693#Comment_82115693

Yeah I found whatever one buys the price invariably gets cheaper, except Premium Bonds… ILGs suit at some points in the cycle and are handy for (with caveats) preserving spending power into the future. There's a selection of safer assets out there, getting them right can feel like a crapshoot though matching liabilities can help.

mills112

https://forums.moneysavingexpert.com/discussion/comment/82115469#Comment_82115469

just make sure you don't hold actual cash as that is considered criminal with AML laws! you are treated as being suspicious if you ever try to spend the cash.

DRS1

https://forums.moneysavingexpert.com/discussion/comment/82115892#Comment_82115892

And of course keeping £50k in used notes under your mattress would deprive you of the chance of winning the £1million prize on the premium bonds