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Realist
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04-12-2017, 10:01 PM
221

Re: Premium Bonds

Originally Posted by galty View Post
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.
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04-12-2017, 10:20 PM
222

Re: Premium Bonds

A good article from the renowned financial chappy Martin Lewis

Martin 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. "
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04-12-2017, 10:23 PM
223

Re: Premium Bonds

And those of you who do have PBs, put your numbers into this calculator

https://www.moneysavingexpert.com/sa...ds-calculator/
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10-12-2017, 10:12 PM
224

Re: Premium Bonds

Old Grey Fox has just won another £50 on the bonds......£75 quid so far.......
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10-12-2017, 10:16 PM
225

Re: Premium Bonds

Originally Posted by OldGreyFox View Post
Old Grey Fox has just won another £50 on the bonds......£75 quid so far.......
Well done Bob, £25 for me this month
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10-12-2017, 10:32 PM
226

Re: Premium Bonds

Originally Posted by Mags View Post
Well done Bob, £25 for me this month
Congratulations Mags.....
Just waiting for the 'Big One' .....It must be one of us....
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10-12-2017, 11:03 PM
227

Re: Premium Bonds

Originally Posted by OldGreyFox View Post
Congratulations Mags.....
Just waiting for the 'Big One' .....It must be one of us....
..... or we could share, Bob
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10-12-2017, 11:41 PM
228

Re: Premium Bonds

I have one premium bond which was given to me as a Christmas Box back in the 50s..i think. 1AK something something. Never had a nibble. Anyone wanna buy it? 15/- and it's yours.
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11-12-2017, 09:06 AM
229

Re: Premium Bonds

Originally Posted by Mags View Post
..... or we could share, Bob
Fine by me Mags.....
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