Just looking at an online calculator if I put 5k in I would expect to win £775 over 5 years.
Similar to a 3% ish savings account? Is it worth it?
Similar to a 3% ish savings account? Is it worth it?
How's your luck with Premium Bonds?
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depends on if you've used your ISA allowance?
Oh, you would put money into an isa first? Or just a standard savings account?
Looks like Johnnyboy's been caught out again and rather than simply explain to shut everyone down, he's chosen to go all round the houses calling people stalkers and such. C'mon, it’s obvious, Mr savvy investor would have had to have taken his money from somewhere and put it into bonds by no later than July to be in the September draw. He happily admits that there’s no guarantee that you will win and your money is being eaten away by inflation so why would he do that?
Here’s my transaction history, if he wants to put a lid on it and get an apology from me at least, all he has to do is show the same. That'll show him parking his money in July and withdrawing it in September. Easy. Over to you, Johnny boy. No swerving now….
Here’s my transaction history, if he wants to put a lid on it and get an apology from me at least, all he has to do is show the same. That'll show him parking his money in July and withdrawing it in September. Easy. Over to you, Johnny boy. No swerving now….
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You can fake those quite easily, you'd need to get it verified.
Are you sure you weren’t Sir Galahad under a previous user ID? You seem to charge in to save embarrassment for a certain few chosen damsels in distress in this forum. I’ll wait for @JohnD to answer if you don’t mind but I wouldn’t be surprised if this thread gets locked.
Could Johnnyboy also fake the image he posted too? A simple yes or no will suffice.
£225.
Makes up for some of the recent poor showings.
Makes up for some of the recent poor showings.
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Yes. I believe very little anyone says on here, but it doesn't matter a jot. I don't get obsessed or go hounding people over it.
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Agreed. It has gone too far off topic.
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So Premium bonds aren't a great return compared to say a decent ISA savings account. But they are a bit of fun, unless you are me moaning about pitiful returns this year
The winnings are tax free, so depending on your tax rate you will win somewhere between 20% and 45% more than a taxed savings account.
My advice to anyone is this:
1. pay your mortgage off first - no point having money in the bank earning 3% when your mortgage is 5% or whatever
2. max your tax free investments (ISAs PBs)
3. only risk what you can afford to lose on the stock market
4. property investments are normally more work for less profit than 3, but most people understand how it works.
5. leverage your skills. if you can do up a house then buying a nice holiday let and renting it out having done it up can be fun.
someone will say leverage and gear you debt blah blah etc.. but for most people keeping it simple is best.
That’s true. You certainly didn’t hound Johnnyboy about his claim. Only me, as usual.
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Troll13 trying to find an excuse to lock the thread.
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