I’m getting fed up with premium bonds.

[Mottie]

It’s just instant access fun money. Our investments are doing well enough for us thanks.

 

[motorbiking]

Premium Bonds are a rock-solid cash-equivalent savings vehicle. The return is low, and there is no risk of the nominal sum of your capital reducing...

...or increasing.

Inflation will erode the real value over time.

If you want to invest for the future, with a risk of your capital growing... or reducing, then other vehicles are more suitable.

As Mottie knows, my European pooled investment, bought shortly before the Brexit referendum, has grown in value by 70%, and also pays a dividend just over 2% a year.

Sadly Mottie doesn't like to hear that, and tries to deny it is true.

I’m quite enjoying my Tesla profits too. Didn’t you advise against those back when they were around a 10th of the price ?

 

[JohnD]

Quite possibly.


Though that might not be what I actually said.

in my Feb 2020 comments I said

There are people who think that unprofitable and heavily indebted boutique car company Tesla is going to make a fortune for them, even though the big and experienced car companies, who know how to make a sell mass-market cars profitably, are gearing up to enter the market.

Hysterically, they have driven the share price up like a rocket. As good as buying tulip bulbs.

View attachment 183018

And two years ago didn't you say you were tempted to buy one?

 

[motorbiking]

I was. But I just couldn’t justify the 100k price tag for a posh mondeo lookalike. I would have gone model 3 performance but it overlaps too much with another car I have.

Makes sense as a company car


Anyway back on topic. £25 this month.

 

[Mottie]

£25 for me
£25 for Mrs Mottie
First draw for my mum with her bonds she bought in January and she won £75 so she'll be pleased.

 

[ReganAndCarter]

£50 this month. That's £50 more than Feb.

 

[crystal ball]

£50 total for us

 

[Ihavenojob]

2 x £25 for me.

 

[Mottie]

My £175 winnings since January have returned exactly 0.5% on my bond money.

 

[Burnerman]

£25 x 3 for us
John

 

[Mottie]

Pah! Nothing for me, nothing for Mrs Mottie, £25 for a little bond we have put away for our son that he doesn’t know about (less than £4K) but my mum won another 3 X £25. So, two draws since buying the max allowance and she’s had £75 each time. That’s starting to confirm my suspicion about 'fresh' bonds being more successful.

 

[Ihavenojob]

Sweet F A

 

[ReganAndCarter]

2 x £25.

 

[Trazor]

3 x £25..............first win for 3 months.

 

[crystal ball]

2 x £25