[Pam Learnihan]

Has anyone thought of putting their money into Premium Bonds. This is what we are going to do. We are putting pretty well all of our money into Bonds, all but enough to buy a car and horse for me!!

Also any prizes you win, are TAX FREE :cheers
IF you have the maximum holding your chances of winning are very good.

Cheers Pam :P

[bbq]

Has anyone thought of putting their money into Premium Bonds. This is what we are going to do. We are putting pretty well all of our money into Bonds, all but enough to buy a car and horse for me!!

Also any prizes you win, are TAX FREE :cheers
IF you have the maximum holding your chances of winning are very good.

Cheers Pam :P

Good point Pam

I read somewhere before that the return is average for the investment, say compared to some savings accounts. The difference is that the potential up side is massive.

Thanks for the reminder, definitely worth a go

cheers

alex :clap

[Paul]

Hi Pam

It is widely accepted that PB should form part of any spread of investments but not all of your investment. People with large sums to invest often have the maximum allottment of PB as part of their portfolio

Although winnings are tax free and obviously there is the chance of winning one of the big prizes, you will probably find that the return you get on your investment will be no better than that invested wisely in the market place. this is because the prizes given out are adjusted depending on interest rates etc
Also you will not get any growth on your investment

Depends on your "risk" factor I guess, but chances are you will get a good return in one of the internet banks high interest accounts which is arguably just as safe

See an independent financial adviser (not one attached to a bank) for better advice

Good luck!

[Pakeha Boy]

Pam, that is one of our plans as well, PB to the max :nice1
Several years ago we had 10grand invested, and very few months would go by without us pulling in a tenner or a hundred here and there. We weren't serious investors then, and did it more with a :hopeso attitude.
This time around, same deal, if you can stick 20 grand away without missing it too severely, then go for it, its great fun checking numbers every month, and beats the hell out of the pink pages of the FT!! :eek