oldwheels
Legendary Member
- Location
- Isle of Mull
Bad month this. Only £25 after a run of £50s.
I did notice this month that someone with a £649 investment won £10,000!Oh well, hopefully you found somewhere else for it with some interest 👍
I’m not sure how it works with small invstments as the minimum prize is £25 and they state around 2% return or something, which on £500 would clearly be less than £25
DittoMy first PB win today, £25
Oh well, hopefully you found somewhere else for it with some interest 👍
I’m not sure how it works with small invstments as the minimum prize is £25 and they state around 2% return or something, which on £500 would clearly be less than £25
I was about to ask it that meant anybody with less than £10K is just storing their money there with no hope of returnI did notice this month that someone with a £649 investment won £10,000!
That's some return
Lower investment just means lower chances of getting anything, the odds are already quite small so you need to be very lucky!I was about to ask it that meant anybody with less than £10K is just storing their money there with no hope of return
Martin Lewis mentions Premium Bonds, fairly regularly on his TV program. He does not recommend, nor does he not recommend. In a recent program, he attempted to explain some mathematics to do with averages, means etc, which I did not understand, to arrive at the figure of £10,000 invested as being the "sweet. spot" at which you begin to approach the 1.4% (or soon to be 1%) return, as you holding increases towards the maximum (£50,000) so to does the chance of a return approaching the published rate. Since April, this year, mine have returned £525, which, I win nothing in Jan, Feb, Mar (2021), will be a return of 1.05%, according to my maths.
I'm not convinced Martin Lewis knows as much as everyone thinks
I was quoting him, not recommending him as I said, his explanation was way beyond my “O” level maths.As a slight aside - I'm not convinced Martin Lewis knows as much as everyone thinks. A few years ago a travel agent whom I booked with went bump. His advice at the time was just plain wrong.