How's your luck with Premium Bonds?

[Scally-Ho]

Wow that’s a good one.

I’ve never had anything like that

How much do you have invested in PB's?

 

[gas112]

How much do you have invested in PB's?

This should be interesting

 

[Mottie]

If you notice previous posts the figures vary enormously - so i work out the return for the month and multiply by 12

I topped up to the max in April so the first draw was last month - £275 won so that’s 6.6% if you times it by 12. This month it was £150 so a running total of £425 and if I times that (two months) by 6 it will be a projected 5.1%. Next months winnings (if any is won) will be added to the £425 and multiplied by four and so on. Obviously I won’t get an exact percentage until the 12 months are up.

Another way would be to hope to win say, a minimum of 4% tax free over the year and add up the monthly percentages. You would need to average @ .33% every month to hit 4% in month 12. On that basis I had 0.55% in month 1 and 0.3% in month 2 so I’m at .85% - slightly in front of the month 2 target of 0.66%. Winning at the moment!

 

[Scally-Ho]

@Mottie Thats the way to do it, max out on PB's and that's 50,000 chances each month of a million. Then as soon as a number pays out £10k or more, hopefully more, change your block for a new one. Well, that's my theory and it has served Mrs Scally and me very well indeed

 

[Burnerman]

Which isa meaning less number unless you state your holdings.

That’s why I use the percentage figures

We have the maximum allowed.
It's just a game for me - no one to leave things to anyway!
John

 

[Koolpc]

We have the maximum allowed.
It's just a game for me - no one to leave things to anyway!
John

I thought we were related?

 

[motorbiking]

£100 not great.

 

[Ihavenojob]

Draw for August is 2nd August, Saturday.

 

[Scally-Ho]

Ah, but one of my numbers has already been published and who knows, maybe more to come tomorrow

 

[Murdochcat]

Prize pool is lower this month but there are more £25 prizes

 

[Mottie]

£25 for me and £125 for Mrs Mottie. I think mine have gone stale and hers are not exactly off to a good start.

 

[Highway Man]

This should be interesting

 

[Burnerman]

£150 for us this morning
John

 

[motorbiking]

Nothing.

 

[Murdochcat]

me - zippo
misses - zippo (again)
son - zippo
daughter - £25 (she recently increased her holding from very little to about £2500 after watching Martin Lewis!)