But hey, someone has to win bigD).
That's the way I view them, the're a gamble not an investment.
NS & I Premium bonds
- Thread starter jordan282
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That's the way I view them, the're a gamble not an investment.
I've got a bit invested in premium bonds (basically birthday money etc from when I young/younger), but I was lucky that about 6 years ago I won a fair amount which made the investment very worthwhile. I've also won a few £25/50 prizes over years, although nothing of late.
I completely understand it's pretty pointless unless you get lucky so very tempted to take it out and put it somewhere else.
I completely understand it's pretty pointless unless you get lucky so very tempted to take it out and put it somewhere else.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
http://www.moneysavingexpert.com/savings/premium-bonds
Put the numbers in there, you'll see that you'll always be better off in an ISA. Or even a regular savings account.
Put the numbers in there, you'll see that you'll always be better off in an ISA. Or even a regular savings account.
It would be CGT, not IT. Investment income is capital gain, not income.
No to the former, yes to the second.
To all those saying 'savings account,' please get a reality check. RPI last year was near enough as makes no difference 5%. Very few, if any, savings accounts out there at the moment are providing returns above inflation whilst still charging CGT on the nominally negative yields they're providing. Tax free ISAs are a colossally mis-sold product on the back of the 'tax free' part, which is meaningless when looking at the returns.
Treat yourself to a new CPU cooler or something unless you're going to invest a minimum of £1,000 in which case seriously look at proper investment products.
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It's £100.
WTF?
The OP said he's got a 'spare £100'
LOL at 'risk appetite' and 'capacity for loss' get a grip....
Forgive me for thinking this was a serious question. I saw that after I posted.
I know, I had to laugh. Guy has 100 quid and Theophany is so desperate to cram in as much investment lingo as he can he ends up looking a bit daft.
Nobody who wants to put 100 quid away is going to be bothered about the real terms value of his investment nor needs to consider what his risk appetite is.
He's saving £100 not £100,000.
[TW]Fox;21425155 said:
Well it's not interest though is it? It's winnings because he is being chosen at random to receive a prize.
Perhaps what I should have said is that he also has a lot of other investments which probably earn him a lot more and doesn't particularly swear by premium bonds. They are just one option to spread your investments to.
Soldato
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[TW]Fox;21425257 said:
Snap.
My sister on the other hand got £500 worth of RBS (I think) shares in 1989 and cashed them in 2006. She has done a fair bit better lol
He defiantly has them, as he's always joked about just how bad it's been, and how my Mum wins a fiver every now and then.
He of course has money invested elsewhere though, but it just goes to show how much of a lottery it is, or worse than the lotto! You are far better to invest your money elsewhere before you start putting some of it into Investment Bonds.
Fair point — so it's 18%/28% rather than 20% — doesn't make much difference to my calculations, you'd still be better off putting the money somewhere else.
