Going up again soon. Better hold on a bit longer…….
But at what point do you jump in? It might go up again!
No, I haven’t. Most people who don’t know that put it down to 'beginners luck'. People Have bonds for years and years so on that basis you would think that if it was random, there would be an equal mix of the age of winning bonds but there just isn’t. Look on it as picking raffle tickets in a pot that is always filling up with new tickets. The older ones get nearer and nearer to the bottom and are harder to reach.Then you have always been wrong.
That's not how random numbers work.
No, I haven’t.
If random really is random, we should be seeing 30 year old £1 bonds winning as often as new ones. We aren’t. Anyway, £150 on £19k for a month ain’t too bad. I’m happy with that. You’re obviously not. Never mind, you’ll get another chance to pîss on my bonfire next month. Gives you something to live for I suppose.Yes you have. There are fewer old bonds because (1) people used to buy them in smaller numbers and (2) they get cashed in. When you sell bonds, the oldest part of your holding is cashed first. When you die, your old bonds can't be inherited.
Since there are fewer old bonds, they win fewer prizes.
Add "random numbers" to the list of things you don't understand.
If random really is random, we should be seeing 30 year old £1 bonds winning as often as new ones.