webber Posted October 9, 2006 Report Share Posted October 9, 2006 Cranfield I would be obliged if you could explain your reasoning for refreshing the numbers every few years. I thought that all the numbers entered stood an equal chance each draw? webber Quote Link to comment Share on other sites More sharing options...
il cacciatore Posted October 9, 2006 Report Share Posted October 9, 2006 Your far better with a mini-cash ISA. Excellent tax free interest and 0 risk. £3,000 per person every tax year. At least your guaranteed some money back. Never leave excess money sitting in a current account. Quote Link to comment Share on other sites More sharing options...
Hunter Posted October 9, 2006 Report Share Posted October 9, 2006 Where can you buy these bonds? im curius could use something to invest in other then guns.. Get a form from the Post Office, or go to the NS & I website. The maximum you can own is £30,000 per person. Thanks I shall enquire Quote Link to comment Share on other sites More sharing options...
Cranfield Posted October 9, 2006 Report Share Posted October 9, 2006 Cranfield I would be obliged if you could explain your reasoning for refreshing the numbers every few years. I thought that all the numbers entered stood an equal chance each draw? webber Yes, all the numbers purchased stand an even chance of winning. However, if you buy say £1000 worth, your numbers will be consecutive. Some of those numbers will win prizes and you could be excused for thinking the odds on them winning another prize soon, are pretty long. Rather than keep a note of all winning numbers, until they reach £100's worth and then cashing them in and buying new, fresh numbers, its easier to just cash in and repurchase the bonds every now and then. I am not claiming there is any deep scientific, arithmetic, or sound accounting reason for doing this, but my Wife wanted to, so we do. il cacciatore, two big differences between Premium Bonds and ISA's, is that you can cash in all, or some of your bonds without notice, or loss and you really look forward to seeing the Postman, halfway through the month. Another problem with ISA's is you can only invest £3000 pa and the current rates are around 4.75%. Quote Link to comment Share on other sites More sharing options...
Guest jonrms Posted October 10, 2006 Report Share Posted October 10, 2006 Cranfield Well said about ISA's etc.. Both my wife and I have seperate ISA's as you cant have joint account... anyway we have the max... and we loose out if we ever wanted to withdrawl from it.. . The bond is a long term investment... so I feel.... and this is why I am giving it a go... Its good to know that there are so many knowledgable people on this forum who besides shooting understand life.. well at least finances. Thanks again for all the information... seems that this may have helped a few others as well.... Quote Link to comment Share on other sites More sharing options...
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