Premium Bond Winner ?

Gorgeous_George

mayb wrote:

.... I don't think investment is the main reason people buy premium bonds - I think it is more in the line of a gamble at no expense - you have to be in it to win it.....

:rotfl::wall: at no expense :wall::rotfl:



GG

mayb_2

If you aregoing to be pedantic GG perhaps I should have said at - no loss (but then you would have gone back to the loss of notional interest argument:eek: ) it will obvioulsy cost them the amount they put in but as they will not lose that money, it is only a temporary 'expense' until they take it out again.

losgiganteskid

Have 30 grands worth - no wins whatsoever in Nov - Dec - Jan - Feb and a miserly £50 win this month ! - who's having my share - come on own up !!

lucy7509

I have 200pounds worth, for 10 years, and never won anything!:(

I think you have to put thousands in to even have a chance

Lucy7509

Graham_Devon

losgiganteskid wrote:

Have 30 grands worth - no wins whatsoever in Nov - Dec - Jan - Feb and a miserly £50 win this month ! - who's having my share - come on own up !!

I had 30k in for 3 months, reduced it to 5k for 4 months now.

Won £50.

Your not alone! :rolleyes:

meanmachine_2

mayb wrote:

If you aregoing to be pedantic GG perhaps I should have said at - no loss (but then you would have gone back to the loss of notional interest argument:eek: ) it will obvioulsy cost them the amount they put in but as they will not lose that money, it is only a temporary 'expense' until they take it out again.

It's not being pedantic.

Good lord, you're on a moneysaving site and have no concept of "opportunity costs"?

Sheesh.

The point about bonds is that, rather than everyone being a "winner" each month and getting, say £50, one person gets a MUCH bigger share, leaving hundreds of thousands of others out of pocket and their buying power diminshed by inflation.

You do know what inflation is, I gather?

meanmachine_2

losgiganteskid wrote:

Have 30 grands worth - no wins whatsoever in Nov - Dec - Jan - Feb and a miserly £50 win this month ! - who's having my share - come on own up !!

Precisely - the two million pound winners doubtless have some of what might otherwise have been yours.

Their win is at your expense.

mayb_2

The point about bonds is that, rather than everyone being a "winner" each month and getting, say £50, one person gets a MUCH bigger share, leaving hundreds of thousands of others out of pocket and their buying power diminshed by inflation.

You do know what inflation is, I gather

That is the point about bonds for you - but not for me and many others - that is the point - we are not looking at inflation and notional profit losses but somewhere 'safe' to put our money and some fun in the process.

Get the point now? If it doesn't work for you then it doesn't work for you. I may not be moneysaving in your eyes but I am not money risking either - but if I win I could invest that money somewhere else - I still have my original stake and no risk to that. It has not been affected by China at all!

Gorgeous_George

It is neither money risking nor money saving. It's also not money investing.

It's gambling. Exactly the same as horses, poker, lotto etc.

This thread should not be on the 'Savings and Investments' forum.



GG

Gorgeous_George

mayb wrote:

That is the point about bonds for you - but not for me and many others - that is the point - we are not looking at inflation and notional profit losses but somewhere 'safe' to put our money and some fun in the process.

Get the point now? If it doesn't work for you then it doesn't work for you. I may not be moneysaving in your eyes but I am not money risking either - but if I win I could invest that money somewhere else - I still have my original stake and no risk to that. It has not been affected by China at all!

NO! YOU DO NOT HAVE YOUR !!!!ING STAKE. IF YOU DID, IT WOULDN'T BE A STAKE.

AAARRRRGGGGHHHH!!




GG

Edit to add: Look, I've been bleedin' censored now!