Premium Bond Winner ?

mumx3

Another £25 this month, have had £75 in the lst 6 months, thats with 9k holding, not alot but I will get the big one one of these days

Archergirl

Nothing for me for the second month running grrrrrrrrr!!!

markwilkinson

Still nothing for me in the last 42 years, but then I only have £4 worth lol.

innovate

mumx3 wrote: »

not alot but I will get the big one one of these days

me too, lol

Our hopes of winning big one day are no worse than those of "respectable" people[STRIKE] investing in [/STRIKE]gambling on the stock market - - in fact, we are probably a lot more likely to make a decent return from our gamble than they are!

bigadaj

innovate wrote: »

me too, lol

Our hopes of winning big one day are no worse than those of "respectable" people[STRIKE] investing in [/STRIKE]gambling on the stock market - - in fact, we are probably a lot more likely to make a decent return from our gamble than they are!

Statistically this is obviously not true, returns averaging 1-2% for premium bonds and around 5-6% from stock market, but it's up to you.

innovate

bigadaj wrote: »

Statistically this is obviously not true, returns averaging 1-2% for premium bonds and around 5-6% from stock market, but it's up to you.

You might well be right with the bottom line result, but if you have £30K spare, why not do the Premium Bond gamble. You won't lose the £30K (not much of it, anyway), and you could make it to £1M....should be a no-brainer for any City-gambler

6022tivo

It is costing you £1000 a year to enter.. If you are happy with you are fine..

I am starting to question spending £1000 of my money to enter a lottery with ultra slim chances.

innovate

6022tivo wrote: »

It is costing you £1000 a year to enter
.

Yeah I have read the MSE article.

I have savings accounts, cash and S&S ISAs and a SIPP, so £30K in Premium Bonds seems a logical diversification strategy.

Hopefully it's not a K I lose every year - getting the odd £25 so-called "win", and may be more....but I agree with you, generally.

6022tivo

Hmm, I suppose so, you should win £375 a year, so a £625 loss every year in a draw to win a big prize.

misselvis

current holding £400
won £25 this month
fingers crossed for next month- highly unlikely I know but you have to be in it......