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i won 3 lots of Â£50 on Premium Bonds-w00p
there is a monthly draw-you buy x amount and they are rentered into draw each month
u can win up to a million
but normally u get about Â£50 twice a year
you win money
you can sell them for their face value if you wish
cost Â£1 each
go to post office for a form
It's like the DARK AGES!
but i've really, really never understood quite where the money comes from. especially as you can sell them back and thus not lose anything. HOW DOES IT WORK?!?!
Just you get less interest then a savings account or something...
thats a lot more than earnings from interest isnt it-especially on a Â£1 investment
but with my luck, i'd never get a prize.
Anyway the more money you put in the more chance you have of winning, so a Â£1 investment must mean the chances are miniscule.
but yes, Â£50 is still pretty good interest. But if you put 3000 in a mini-cash ISA you'll gain about Â£12 interest a month tax free anyway.
student loan went into one-didnt touch it for the year and now im reaping rewards
You would have got more on a mini-shares ISA if you picked your moment. Â£3000 earned Â£250 in about a month, but you're meant to leave it in for 5 years obviously... which means the next few months it was losing money! :D All fake cash anyway.
I don't know about investing. You may as well, but my ISA basically is paying my phone bill and for a couple of pints each month (assuming I was to take the interest out of course) which makes it a fairly small amount.
If you want to make money you need to be into the stock market.
Me - stupid with money.
How worthwhile? If you are lucky and enjoy a gamble you may win a prize, but you may not. Worth considering only if you are a higher rate taxpayer. On average you can expect to win a prize once a year with Â£2,400 invested. With Â£30,000 you can expect 15 prizes a year though most will be Â£50 and you may win fewer or none at all. Sixty one of the 100 Â£1 million winners had holdings up to July 2002 had Â£9,000 or more invested in Premium Bonds of which 28 had holdings of Â£19,000 or more. However Â£50 remains the most common prize - in October 2000 706,294 prizes were won. One Â£1 million winner lives overseas.
i wasnt allowed to spend it, i had to save it for after uni etc so i bought some shares and the rest on Premium Bonds. If you have a lump sum of cash ie Birthday money and you want a return then Premium Bonds are pretty safe
DOWN TO BARE COMPONENTS! JUST LIVE FOR THE MOMENT! STOP OVER-ANALYSING THINGS!
Mmm, gambling. Chance, how I love thee...
play Poker at Truck, I'm the best.
You're all talk. After I've shown my superior football skills, and some superb cricketing ability, I will then cane you all at Poker.
Bands? What bands?
Make sure to bring your Supertits cards Bamos.
*revives very old DiS joke*
Wow. They're at the bottom of a drawer somewhere*, but I shall try and remember to dig them out and bring them along.
*On my coffee table, after I 'perused' them last night.
Using the just same 6 numbers on Wednesdays and Saturdays, I have won the National Lottery six times since January. Five of them were tenners, but the other was about sixty quid.
All that luck and only about a hundred quid to show for it.
So are you going to buy premium bonds from now on?