Jump to content
House Price Crash Forum
Sign in to follow this  
0q0

Premium Bonds - Chances Of Winning

Recommended Posts

Courtesy of Money Saving Expert, Martin Lewis and his website

http://www.moneysavingexpert.com/savings/p...nds-calculator/

Someone once told me that you needed at least £7,500 in premium bonds to have a better than average chance of earning more than you would in a bank.

Not sure how that metric has changed given the unreliable nature of our banks :)

I should add that I was drunk and in a casino when this advice was given to me.

Share this post


Link to post
Share on other sites
Someone once told me that you needed at least £7,500 in premium bonds to have a better than average chance of earning more than you would in a bank.

Not sure how that metric has changed given the unreliable nature of our banks :)

I should add that I was drunk and in a casino when this advice was given to me.

Well, at the risk of repeating myself like an old bore: it boils down to how chance/luck treats you, as Dirty Harry would say "D'ya feel lucky, punk, do ya?" Of course, that was no way to talk to his mortgage arranger.

My experience & that of some people I know - PBs gave very poor returns.

However, a rich ex-girlfriend of mine used to win above average, on the same amount invested as the rest of us.

Does that mean she's supernaturally charmed with money in life or was it just a coincidence?

As Regan in The Sweeney would say, "I don't believe in coincidence."

Well, spooky or just plain old chance, those were my experiences. But for some people they're great. They weren't for me and people I know apart from that ex, though.

Would I buy them again? No, sold the lot, the last chunk recently in fact. I'd only hold them if I were a millionaire and it was just a bit of fun to risk throwing the interest from £30k away each month. But frankly I can think of better fun than that. For example, if I really wanted to be a gambler I could invest half the interest each month in scratchcards or lottery entries. A lot more fun, odds the same or perhaps better! (But do your own research!)

Edited by The Last Bear

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 298 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.