apples24

iTrader: (1)

lol belive it or not was born here and lived here all me life, lol just dont know nothing bout money investing, the premium bonds sound interesting, no risk etc, whats the interest rate?

TelBoy

apples, hopefully my edited answer above gives you some idea.

apples24

iTrader: (1)

lol yes it does, hmmn what everyones opinions on premium bonds? so i hand over 15k and what? how do you check progress etc?

ChrisB

Teletext posts up lists of wining numbers. Are the draws weekly still?

apples24

iTrader: (1)

so you get a set of lottery numbers for money invested? weird..lol

TelBoy

Your "progress" is charted by whether the Government send you a cheque with winnings. Simple as that. If you don't receive anything, you've won nothing, better luck next month.

The attraction for many people is the outside chance of the big win. Returns on average are lower than many other options, but you only need one £1 million win to make it all worthwhile. If you're not a higher rate tax payer, it's certainly worth considering. The maximum anyone can hold is £20,000.

apples24

iTrader: (1)

so do you get more chance of winning fore more money invested?

TelBoy

Statistically, yes, of course. Think of it in exactly the same way as the National Lottery, there really isn't a lot of difference.

apples24

iTrader: (1)

so it would be fine to say just put 5k in premiums? or 10k? or the whole 15k? i like the sound of prizes etc lol, not a very lucky man with winning so maybe i could win somin for a change lol

TelBoy

apples, it's a free country, so the choice is yours.

At the end of the day you can withdraw all your capital with no losses if you have an alternative use for the cash. Limited downside, except the average rate of return is nothing spectacular. Don't expect a cheque for £1 million after the first week!

vel boy

Hi all

FYI

You can check you premium bond winnings over the web too at www.nationalsavings.co.uk

Just checked mine and guess what I won again :-)

On average I win every month

Congratulations, you have won!
Here are the details of your winning Bond(s).

Premium Bond number Prize value (£) Winning month

81MA271079 50 December 2002

64PF458989 50 December 2002

86KS592985 50 October 2002

61MG351269 50 September 2002

61MG350619 50 September 2002

64PF458966 50 September 2002


And remember it is tax free so the gross is all yours :-)

apples24

iTrader: (1)

oh no naturally...lol but i am thinking of popping down the post office today with the 5k cash i have here and handing it over...lol

apples24

iTrader: (1)

that way i can put the other 10k in a high interest account, so do you get more numbers for more dosh or somin?

vel boy

oh yea forgot to mention you don't have to have the max to win some good money


National Savings - Prize winners December 2002
Prize Value Winning Bond No Total V of Holding Area
£1,000,000 61KF029460 £6,650 NORTH YORKSHIRE
£100,000 78PN 903645 £19,000 BRISTOL
£100,000 65DE 621819 £20,000 ESSEX
£50,000 32GN 517278 £18,901 WEST GLAMORGAN
£50,000 23QH 007647 £7,005 WEST MIDLANDS
£25,000 8TC 254288 £5,000 GALASHIELS
£25,000 37YT 684449 £1,050 CO DOWN
£25,000 24NW 034532 £20,000 HAMPSHIRE
£25,000 14BE 837046 £19,000 CHESHIRE
£25,000 1ED 650558 £20,000 LB of ISLINGTON
£25,000 72ZN 774067 £20,000 SURREY
£25,000 74BP 600893 £20,000 KENT
£10,000 75KD 035878 £15,000 HAMPSHIRE
£10,000 62HP 878966 £2,700 ESSEX
£10,000 76AZ 388850 £6,000 BUCKINGHAMSHIRE
£10,000 93EF 135754 £3,293 LB of HARROW

TelBoy

The face value of a premium bond is £1.

£5,000 buys you 5,000 "lucky dips"...

apples24

iTrader: (1)

what so i have 5000 different sets of numbers? how the hell do i keep track of that?
sorry if i seem thick...lol

TelBoy

You don't need to. Unless you don't trust the Government to allocate prizes correctly.

In any case, you'll get a sequence of numbers, not a random scattering, so it's not a big chore, unless you buy lots of disparate clusters.

Phew, surely that's every conceivable question on Premium Bonds answered now???

vel boy

you get a holders number and all you premium bond number are allocated to that

check it all out at www.nationalsavings.co.uk

apples24

iTrader: (1)

righty ho if i go down to the PO today with 5k cash i walk out with the premium bonds yes? need any i.d etc>?

jasey

No - they send them to you (takes about a week or so). They're not in the draw until you've "Held" them for a month. ie if you get them this month they'll be in the February draw (so no interest in the first month )

Worth a punt though

apples24

iTrader: (1)

just done it, handed over 5k, says up to 15 days to recieve them on form

TopBanana

Don't expect a very good return on your money. I think 2.9% is the current average rate

vel boy

Really

so what sort of return do you think these guys got then :-)

£1,000,000 61KF029460 £6,650 NORTH YORKSHIRE
£100,000 78PN 903645 £19,000 BRISTOL
£100,000 65DE 621819 £20,000 ESSEX
£50,000 32GN 517278 £18,901 WEST GLAMORGAN
£50,000 23QH 007647 £7,005 WEST MIDLANDS

fast bloke

I would go for a maxi ISA now and another one in April. (A maxi is made up of 7k held in a combination of cash and equities. You can opt for 3k to be held in cash, 1k in a life office and 3 k in stocks and shares. There is some element of risk, but given the shape of the stock market at the minute, it can't fall much further. (Technically it can but the banks/govt will step in with interest rate cuts and increased public spending to help shore it up) As the capital is at risk, ISAs should be considered as a medium to long term investment. (at least 5 years).

If you are feeling brave you could go straight to the markets. Nearly everyone claims this is a bad time to invest, but if you trade in cars, would you be likely to be buying cars when prices were at their lowest point for the past number of years? Potentially you could lose the heap, but the last time the markets had such an extended downward trend was in 1973/74. When they eventually bounced they increase by about 150% in the following year.

vel boy

last year I got 7.5% return.

Remember you got to be in it to win it

jowettjupiter

Vel Boy couldn't agree with you more m8 BTW do you hold the maxium for this sort of return?

vel boy

yep

AnDy_PaNdY

Hmmm, very seriously thinking about having a 15K punt myself.