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value seeker
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Joined: 14 Dec 2007
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Location: stones throw from aintree racecourse,well maybe with a catapult
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 Posted: Tue Sep 08, 2009 6:41 am Post subject: Whats your opinion on Premium Bonds? |
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Any advice?
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theGoingStick
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Joined: 21 Nov 2006
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| Posted: Tue Sep 08, 2009 8:16 am Post subject: |
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They're much better than the national lottery.
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jennywales
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Joined: 22 Apr 2006
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Location: Wales
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| Posted: Tue Sep 08, 2009 8:24 am Post subject: |
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At least you get to keep your original money, which of course you don't for the lottery!
They are tax free (I think). There will be a website about them - have a look! |
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theGoingStick
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| Posted: Tue Sep 08, 2009 8:44 am Post subject: |
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| jennywales wrote: | | They are tax free (I think). |
They are tax free. £1 million payout every month. When interest rates were a bit higher they were paying out twice that though.
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lenahan
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Joined: 24 Sep 2006
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| Posted: Tue Sep 08, 2009 2:02 pm Post subject: |
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| theGoingStick wrote: | | jennywales wrote: | | They are tax free (I think). |
They are tax free. £1 million payout every month. When interest rates were a bit higher they were paying out twice that though. |
If your a lucky winner then theyre very good. If your not the the return is very very poor.
My brother has £3000 worth and in just two years the cheeky sod has won about £400.
But he is one of the lucky ones. For most people your better off doing something else with the money for a return. |
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Darren
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Location: Cheltenham
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| Posted: Wed Sep 09, 2009 8:08 am Post subject: |
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If the point of investment is to make money, there are better options.
If the point of investment is to preserve capital, they do the job, but there are better options.
They have had their day. Old people seem to love them.
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Papa 3
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Joined: 25 Jan 2008
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Location: Wirral, Merseyside
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| Posted: Wed Sep 09, 2009 8:22 am Post subject: |
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| Darren wrote: | If the point of investment is to make money, there are better options.
If the point of investment is to preserve capital, they do the job, but there are better options.
They have had their day. Old people seem to love them. |
I haven't got any you cheeky young rip.  
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Darren
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Location: Cheltenham
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| Posted: Wed Sep 09, 2009 9:34 am Post subject: |
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| Papa 3 wrote: | | Darren wrote: | If the point of investment is to make money, there are better options.
If the point of investment is to preserve capital, they do the job, but there are better options.
They have had their day. Old people seem to love them. |
I haven't got any you cheeky young rip. |
I had an argument with my wife's Gran because she wanted to set them up for our kids. I tried to point her in another direction, but she did it anyway. 
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Papa 3
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Joined: 25 Jan 2008
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Location: Wirral, Merseyside
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| Posted: Wed Sep 09, 2009 9:43 am Post subject: |
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| Darren wrote: | | Papa 3 wrote: | | Darren wrote: | If the point of investment is to make money, there are better options.
If the point of investment is to preserve capital, they do the job, but there are better options.
They have had their day. Old people seem to love them. |
I haven't got any you cheeky young rip. |
I had an argument with my wife's Gran because she wanted to set them up for our kids. I tried to point her in another direction, but she did it anyway. |
If they won a Million, you would love your gran even more. Doing the Lottery is just a routine now, but if I won the jackpot I would say I made a shrewd investment. Most things are judged on their expectancy not their result, good luck to the kids, and I hope they keep their winnings to themselves and mum and not doudbting Darren.
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