Premium Bond Winner ?

seven-day-weekend

furndire wrote:

At least with Premium Bonds your original stake is safe, not like the lottery. If you don't need the money, I'd stick with the bonds. They are easily cashed aren't they?

Yes, I agree. I can always get my £1500 back. In fact I cashed in my first lot of PBs to raise money to relocate here to Spain; that's why I've only just bought some more.

To cash them in you just send the bond back and say you want to cash it in, it takes about a week if I remember rightly.

ManAtHome

Well compared to a savings account, you can win nowt else for about 3 years and still break even.

ReportInvestor

Cypher wrote:

I'm starting to get the feeling you don't like Premium Bonds, ReportInvestor

You are SO wrong Cypher.

With something as relatively harmless as PBs I always say, "each to his own".

And if other people are prepared to make sacrifices to help trim my tax bill, who am I to object ?

Let Gordon and Alan sell as many as they can .

whambamboo

hot_chick wrote:

Sell,sell,sell

The chances are you may not win again for a long, long time.:rotfl:

the chances are exactly the same as they were, regardless of whether the OP won already or not....

So if they were a good idea before, they're still a good idea now.

seven-day-weekend

whambamboo wrote:

the chances are exactly the same as they were, regardless of whether the OP won already or not....

So if they were a good idea before, they're still a good idea now.

Just what I was going to say myself!

How many chances have I got of winning £1 million in December??????

ManAtHome

Dunno but you have 2.5 times as many chances in January...

seven-day-weekend

ManAtHome wrote:

Dunno but you have 2.5 times as many chances in January...

Hey, but it's my birthday in January.......

tom188

furndire wrote:

At least with Premium Bonds your original stake is safe, not like the lottery. If you don't need the money, I'd stick with the bonds. They are easily cashed aren't they?

Your stake will remain the same for as long as you have the bonds, and can be cashed in quite easily. However it will decrease in value over time so is not "safe" in the truest sense of the word.

With inflation at 3% the stake would be worth around 34% less in ten years time than it is today - it will diminish in value.

seven-day-weekend

tom188 wrote:

Your stake will remain the same for as long as you have the bonds, and can be cashed in quite easily. However it will decrease in value over time so is not "safe" in the truest sense of the word.

With inflation at 3% the stake would be worth around 34% less in ten years time than it is today - it will diminish in value.

Yes, I understand that. I am prepared to risk that on the small chance that I may win a big prize:D

ManAtHome

The current return is over 3% anyway and going up (February I think) as it keeps pace with BoE rate increases. In average terms, next best "gambling" return is blackjack, think that only loses 1.5% or something (Lottery loses 50%).