woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

Last year a bond entering the draw for the first time won
the million pound prize. There have always been rumours that
premium bond 'wins' are how the UK government spooks departments
pay their informants.

On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.

On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY
FIRST DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.

I bought £10K of a certain fund in October. It's currently worth £13,000

**** premium bonds

COVID and Brexit making me a decent living...shame I didn't sell my oil
shares



--
"Socialist governments traditionally do make a financial mess. They
always run out of other people's money. It's quite a characteristic of them"

Margaret Thatcher

On 04/02/2021 14:26, The Natural Philosopher wrote:
On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY
FIRST DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.

I bought £10K of a certain fund in October. It's currently worth £13,000

**** premium bonds

COVID and Brexit making me a decent living...shame I didn't sell my oil
shares



you gamble then ?...

On 04/02/2021 14:30, Jimmy Stewart ... wrote:
On 04/02/2021 14:26, The Natural Philosopher wrote:
On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY
FIRST DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.

I bought £10K of a certain fund in October. It's currently worth £13,000

**** premium bonds

COVID and Brexit making me a decent living...shame I didn't sell my
oil shares



you gamble then ?...

Not if he sat on oil shares while they fell off a cliff.

On 04/02/2021 14:26, The Natural Philosopher wrote:
On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY
FIRST DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.

I bought £10K of a certain fund in October. It's currently worth £13,000

**** premium bonds

COVID and Brexit making me a decent living...shame I didn't sell my oil
shares



Encashed PB's will be in your bank account in 3 Wdays of you do it
online, so it's a convenient place to stash some cash that you know
you will need access to at some point and quite quickly, by which time
you might have won something.

You would have more than doubled your money by buying Baillie Gifford
funds and IT's in Late march or April. Even if you bought them in
Feb 2020 you would still be up.

On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY
FIRST DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.


The prize fund is currently 1% so £10K would generate £100 a year in
prizes. On average, you could "win" a single prize approx every 3.5
months, which could be the million rather than £25. Prizes are tax free.

--
mailto : news {at} admac {dot} myzen {dot} co {dot} uk

On 04/02/2021 15:11, alan_m wrote:

The prize fund is currently 1% so £10K would generate £100 a year in
prizes.Â* On average, you could "win" a single prize approx every 3.5
months, which could be the million rather than £25. Prizes are tax free.

There's a fairly complicated analysis somewhere, but IIRC the upshot is
that a person with average luck and with the maximum £50k of bonds
should expect about 0.95% return in a year. With £10k that falls to 0.75%.

The main reason seems to be that the big prizes are very rare - eg the
£1M prizes are fifty billion to one.

Here it is...
https://www.moneysavingexpert.com/sa...premium-bonds/

--
Cheers
Clive

On 04/02/2021 16:17, Clive Arthur wrote:
On 04/02/2021 15:11, alan_m wrote:

The prize fund is currently 1% so £10K would generate £100 a year in
prizes.Â* On average, you could "win" a single prize approx every 3.5
months, which could be the million rather than £25. Prizes are tax free.

There's a fairly complicated analysisÂ* somewhere, but IIRC the upshot is
that a person with average luck and with the maximum £50k of bonds
should expect about 0.95% return in a year.Â* With £10k that falls to 0.75%.

The main reason seems to be that the big prizes are very rare - eg the
£1M prizes are fifty billion to one.

Here it is...
https://www.moneysavingexpert.com/sa...premium-bonds/



Also factor in (if you work on a % return) that the minimum prize they
pay out is £25, so if you work on the current prize rate of 1%
(https://www.nsandi.com/products/premium-bonds), you should aim to hold
£2500 of PB to give it a fair chance.

Probably why small bond holdings don't get much: 1% of £200PB is £2, so
you may have won, but it wouldn't pay (if less than £25).

Also, it's a prize rate, not an interest rate :-)

"alan_m" wrote in message
...
On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

I bought £10k in October and got £50 on my first draw in November,
another £25 now in February.


The prize fund is currently 1% so £10K would generate £100 a year in
prizes. On average, you could "win" a single prize approx every 3.5
months, which could be the million rather than £25. Prizes are tax free.


Hmm ive had £500 worth of premium bonds since 1959 only ever won a few time
until 2019 when I won 6 times one after another

-

On 04/02/2021 17:51, Mark wrote:
"alan_m" wrote in message
...
On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

I bought бё10k in October and got бё50 on my first draw in November,
another бё25 now in February.


The prize fund is currently 1% so бё10K would generate бё100 a year in
prizes. On average, you could "win" a single prize approx every 3.5
months, which could be the million rather than бё25. Prizes are tax free.


Hmm ive had Ñ‘500 worth of premium bonds since 1959 only ever won a few time
until 2019 when I won 6 times one after another

-


I think it is great fun wondering if you will be lucky...more fun than
the lottery anyway......

On 05/02/2021 09:40, Jimmy Stewart ... wrote:
On 04/02/2021 17:51, Mark wrote:
"alan_m" wrote in message
...
On 04/02/2021 13:04, newshound wrote:
On 04/02/2021 11:22, Jimmy Stewart ... wrote:
woo hoo just been notified that I have won something...THIS WAS MY
FIRST
DRAW........tee hee

I bought бё10k in October and got бё50 on my first draw in November,
another бё25 now in February.


The prize fund is currently 1% so бё10K would generate бё100 a year in
prizes.Â* On average, you could "win" a single prize approx every 3.5
months, which could be the million rather than бё25. Prizes are tax
free.


Hmm ive had Ñ‘500 worth of premium bonds since 1959 only ever won a few
time
until 2019 when I won 6 times one after another

-


I think it is great fun wondering if you will be lucky...more fun than
the lottery anyway......

I bought a £2 bond in the post office in Dec 1965 and in 2013 I won
£25 from that bond. Maybe NS occasionally throw some extra small
prizes at the really old bonds, because statistically I wouldn't
expect this.

According to the RPI tables I would have needed to win about £33 to get
my money back. This is what the treasury are gambling on, that people
will buy them and forget about them.

-


I think it is great fun wondering if you will be lucky...more fun than
the lottery anyway......


And you can have your money back!

On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant
access ISA with RBS

On 04/02/2021 11:47, Jimmy Stewart ... wrote:
On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant
access ISA with RBS
which is £15 ....

On 04/02/2021 11:53, Jimmy Stewart ... wrote:
On 04/02/2021 11:47, Jimmy Stewart ... wrote:
On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY
FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant
access ISA with RBS
which is £15 ....

Why do people bother with cash ISAs ?. Even prior to 2020 they had
a worse interest rate than a normal deposit account. Now that you
get interest paid gross and you can earn £1000 from savings
(£500 for higher rate taxpayers) a cash ISA is nonsense. If you
had more than £20,000 though it would be much more sensible to
convert it to a share ISA because the annual limit for adding to
a share ISA is £20K. Then put it in a global investment trust
or fund. DYOR carefully !, though you won't go far wrong with funds
from Vanguard. Just watch out for platform charges which vary
enormously.

On 04/02/2021 11:47, Jimmy Stewart ... wrote:
On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant
access ISA with RBS

I don't get it the wife has her stash with The Natiowide and she is
getting loads compaired to that ....hundreds

On 04/02/2021 11:57, Jimmy Stewart ... wrote:
On 04/02/2021 11:47, Jimmy Stewart ... wrote:
On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY
FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant
access ISA with RBS

I don't get it the wife has her stash with The Natiowide and she is
getting loads compaired to that ....hundreds


--
mailto : news {at} admac {dot} myzen {dot} co {dot} uk

On 04/02/2021 11:47, Jimmy Stewart ... wrote:
On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant
access ISA with RBS

I had a £25 win this month. Nothing for the last 2 months.

I had 6 at £25 in May last year, not long after I had
sold 2/3rd of my holdings and bought new bonds.

I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

On Thu, 4 Feb 2021 13:03:03 +0000, Andrew
wrote:


I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

Not preferencial treatment. There's just more of them.

Yes and yet they always deny this and if it is so, why not admit it?
Brian

--

This newsgroup posting comes to you directly from...
The Sofa of Brian Gaff...

Blind user, so no pictures please
Note this Signature is meaningless.!
"Andrew" wrote in message
...
On 04/02/2021 11:47, Jimmy Stewart ... wrote:
On 04/02/2021 11:36, Chris Hogg wrote:
On Thu, 4 Feb 2021 11:22:24 +0000, "Jimmy Stewart ..."
wrote:

woo hoo just been notified that I have won something...THIS WAS MY
FIRST
DRAW........tee hee

It'll be £25. Anything more is rare. How much have you invested? Don't
expect another for a while.

15K YES £25 MUTTER MUTTER.... well better than 0.01 % with instant access
ISA with RBS

I had a £25 win this month. Nothing for the last 2 months.

I had 6 at £25 in May last year, not long after I had
sold 2/3rd of my holdings and bought new bonds.

I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

On 04/02/2021 13:13, Chris Hogg wrote:
On Thu, 4 Feb 2021 13:03:03 +0000, Andrew
wrote:

I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

+1

But if true, wouldn't that amount to fraud, given that they are
advertised as being completely random. It seems an unlikely way for NS&I
to act, given that it is testable.

On 04/02/2021 13:26, newshound wrote:
On 04/02/2021 13:13, Chris Hogg wrote:
On Thu, 4 Feb 2021 13:03:03 +0000, Andrew
wrote:

I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

+1

But if true, wouldn't that amount to fraud, given that they are
advertised as being completely random. It seems an unlikely way for NS&I
to act, given that it is testable.


+1

Often the drop off in winnings is down to an interest cut so fewer £25
prizes to give out. This has been happening for a decade or more in line
with other cash savings products. It's nothing to do with this mythical
new bonds give more prizes.

Late last year NS&I cut the interest rates on all their products
including premium bonds, albeit the premium bonds are still relatively
competitive with many other cash type investments. Most of the other
NS&I products went from 1%+ interest to near zero (0.05%).

--
mailto : news {at} admac {dot} myzen {dot} co {dot} uk

In message , Chris Hogg
writes
On Thu, 4 Feb 2021 14:57:38 +0000, alan_m
wrote:

On 04/02/2021 13:26, newshound wrote:
On 04/02/2021 13:13, Chris Hogg wrote:
On Thu, 4 Feb 2021 13:03:03 +0000, Andrew
wrote:

I have always suspected that new bonds of a substantial
amount get preferential treatmenst for 2 years and then
the prize stream dwindles noticibly. Other people have
noticed this too.

+1

But if true, wouldn't that amount to fraud, given that they are
advertised as being completely random. It seems an unlikely way for NS&I
to act, given that it is testable.


+1

Often the drop off in winnings is down to an interest cut so fewer £25
prizes to give out. This has been happening for a decade or more in line
with other cash savings products. It's nothing to do with this mythical
new bonds give more prizes.

Late last year NS&I cut the interest rates on all their products
including premium bonds, albeit the premium bonds are still relatively
competitive with many other cash type investments. Most of the other
NS&I products went from 1%+ interest to near zero (0.05%).

It is only a perception. When my late wife and I both put money into
PBs, we seemed to get more wins in the first couple of years compared
to subsequently. But I never tabulated the numbers/dates, so the
evidence is shaky at best.

Look for £25.00 payments in your bank statements. They seem unable to
multiply and make a single bank transfer.


--
Tim Lamb