Premium Bond Winner ?
Options
Comments
-
Jan - £250
Feb - £200
March - £550
April - £150
May - £25
YTD - £1,175
50k holding
0 -
grahamgoo said:[snip]
I am a firm believer that in the long run, the longer you hold bonds and the more of them you have, the closer you will get to the median return. Deciding to sell after a bad streak is just an emotional decision, give it time and it will even itself out.
0 -
I think PBs bring out all sorts of weird superstitions and beliefs in us because of the random nature of the draws and humans desire to make sense of everything😀.
You should indeed get closer to the median over time but then there’s always the chance of an isolated big win to throw that off course!I’m not immune as I had one newer, bigger block that was all that ever won for me when the interest rate was low. Once the interest rate increased that block has thrown up no winners which these days seem to be coming from very, very old PBs. So any theory of the value of big blocks went out of the window.Though I do like the fun of all this speculating and waiting and am lucky enough to be able to keep funds in PBs. My return is not as high as @BooJewels but better than EA accounts once the tax free nature is taken into consideration.0 -
That's all true @poppystar - I mentioned in an earlier post that one batch of £10k has yielded twice as many winners than the other batch of £10k - so it's always felt 'luckier'. But all that actually proves is that it truly is random. Random in itself will throw up patterns - that we tend to interpret as something else.
I haven't even factored in the no tax, that definitely gives my PBs an edge, especially when the basic true return is around 6%. I've always considered my PB holding as my dire emergency fund - whilst you can get at the funds pretty easily, it feels a bit more final than moving money between EA accounts - so they tend to feel more like a fix or notice account, so I generally leave them be.0 -
£175 on full so ok month.
3.5% YTD0 -
£100 on 13.4k holding (same prize amount as last month)
Never let the perfume of the premium overpower the odour of the risk0 -
Jan - £75
Feb - £200
March - £150
April - £50
May - £75
YTD - £550Holding £12,550
4.58% return on my original £12k1 -
£400 this month, 4 prizes of £100
on a full holding
Rolling 12 month total is £1700
This month really has bumped up the 12 month0 -
£200 for May, (2x £50, 1x £100) on just over £42K. Big relief since I was on a hat-trick of blanks.Total for the year so far is £500. Still well below the average expected return.Save £12,000 in 2024: £3,100 out of £12,000.0
-
First time having PB and I put 10k in. Thought I'd give them a try as my late Nana had full holding and over the past year had won something every month. Won £100 in my first draw! Very happy.3
Categories
- All Categories
- 343.8K Banking & Borrowing
- 250.3K Reduce Debt & Boost Income
- 450K Spending & Discounts
- 235.9K Work, Benefits & Business
- 609K Mortgages, Homes & Bills
- 173.4K Life & Family
- 248.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards