04-12-2017, 10:01 PM
221
Re: Premium Bonds
Originally Posted by galty
->
PS sunshine the bit you don't get is with PB YOU DONT LOSE YOUR money you can take OUT the same amount you invested in at any time.You are a moron
"If you have £100 today and you buy an "asset" with that £100 then what happens?
The asset either gains value (appreciates) or loses value (depreciates).
Given there ARE assets that appreciate in the world, anyone who simply sits on £100 of cash, stuffing it in their mattress IS ACTUALLY LOSING MONEY.
They are losing the money they ought to have made through basic appreciation (which could be asset appreciation or bank interest and so on).
The notion that you can not lose with Premium Bonds (because you can always pull your money back out) is utterly false and is the primary selling point that they rely on to get mug punters to hand over their dosh, mug punters who don't understand the basics of finance."
So, let's be completely clear, leaving your money in PBs means YOU ARE LOSING MONEY. You are losing the profits you would have made had you invested it properly.
04-12-2017, 10:20 PM
222
Re: Premium Bonds
A good article from the renowned financial chappy Martin LewisMartin Lewis: this is why you should dump Premium Bonds
http://www.telegraph.co.uk/investing...premium-bonds/
"Even if you line up everyone with £1,000 worth of Premium Bonds in order of their year’s winnings, the person halfway along would have won… not a penny! In fact, you’d need to walk past nearly two-thirds of the line until you hit the first £25 winner. "
04-12-2017, 10:23 PM
223
Re: Premium Bonds
And those of you who do have PBs, put your numbers into this calculatorhttps://www.moneysavingexpert.com/sa...ds-calculator/
10-12-2017, 10:32 PM
226
Re: Premium Bonds
Originally Posted by Mags
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Well done Bob, £25 for me this month 
Just waiting for the 'Big One' .....It must be one of us....
11-12-2017, 09:06 AM
229
Re: Premium Bonds
Originally Posted by Mags
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..... or we could share, Bob 
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