Re: Premium Bonds
Originally Posted by
galty
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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
You seem to have regressed. We covered this fallacy about 2 pages back. I guess you don't read well. Here's the salient part . . . . again !
"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.