The maximum holding is the maximum holding, AIUI.
Any prizes have to be taken, and can't be reinvested into your holding.
How's your luck with Premium Bonds?
- Thread starter Mottie
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The maximum holding is the maximum holding, AIUI.
Any prizes have to be taken, and can't be reinvested into your holding.
When you get to the limit, prizes are paid to you. The limit is the limit
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thought it would be like that.
.
Or you could lose £1k in 10 minutes.
I appreciate there are ways to analyse whether a share price drop is a trend or a temporary dip, but for the average punter it’s hard to know.
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The issue we've had for the last 15 years or so, is that it's rare for passive strategies to better inflation. At the moment we are in a bit of a rare bubble where you can stick money in savings and be about 1-2% better than inflation. That "was" always the norm, until about 2008.
If you are trying to create say a drawdown pension to last until the age of 90, it's a big assumption to model 2% above inflation on safe investments. Unfortunately, I think for most people to make the best of their money, they will need at least 1/3rd actively managed.
Except that, long term, they mostly do worse than "buy and forget" trackers.
And you only find out which the lucky active ones are, too late.
High charging active funds are needed by the managers who pocket the fees.
Cash savings are doomed to lose.
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I wasn't suggesting paying someone else to "actively manage" the fund.
of course the other problem people now have with individual stocks is the cost of sale from a capital gains point of view. For me reducing the transaction frequency is also important.
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Anyway back to premium bonds. Another 20k purchased. I expect to get "results" in next months draw.
bought when april ? then they wont be in till Junes draw not unless your notch
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about 60 minutes ago. Why will they miss May's draw?bought when april ? then they wont be in till Junes draw not unless your notch
Because they have to be held for a calendar month before entering the draw. Always been this way
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So I'm 500 quid down before I start 
Assuming I was getting 3% - it's only 300 after tax.
That probably hits the auto reinvestment too.
Assuming I was getting 3% - it's only 300 after tax.That probably hits the auto reinvestment too.
Prize reinvestment is not hit by the one month delay.
For additional contributions, you get best value by electronic transfer just before the end of the month.
I don't think I've ever had a payment fail or delayed, but I prefer to do it a couple of days before.
Using a debit card on a Friday evening, it is paid immediately but my bank records it as Monday.
Perhaps you were triggered by tax year end.
For additional contributions, you get best value by electronic transfer just before the end of the month.
I don't think I've ever had a payment fail or delayed, but I prefer to do it a couple of days before.
Using a debit card on a Friday evening, it is paid immediately but my bank records it as Monday.
Perhaps you were triggered by tax year end.
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yep they will miss it always better to buy at end of the month
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