€25k invested in prize bonds

dxhound2005

I did the 10 million count again today, 91 winners this time. All winners from the AOR to APA series inclusive.

€50 for me today from my March 2010 Big Bunch. A subset of this bunch in the MC930 series has been very lucky this year.

General patterns are evident in the overall, but this is just another example of where a small number of bonds can do much better than the average.

Up to date as of Friday 30 August 2019

30 Aug 2019
Prize Bond Number Value
MC930616 €50

28 Jun 2019
Prize Bond Number Value
MC930566 €50

14 Jun 2019
Prize Bond Number Value
MC930020 €50

05 Apr 2019
Prize Bond Number Value
MC930984 €50

PB2018

Wins on 30th August 2019: €0
Last win: 5th July 2019: €50
Weeks since last win: 8
€134k invested in prize bonds since July 2017
Win ratio: 13 wins in 113 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 4 x €50 = €200

Cork Lass

Nothing for us this week. It’s beyond funny at this stage. Nothing since May.

carrickbawn

Nothing here again either.

Purgative

Cork Lass wrote: »

Nothing for us this week. It’s beyond funny at this stage. Nothing since May.

We didn't even get May's.

Taylor365

dxhound2005 wrote: »

I did the 10 million count again today, 91 winners this time. All winners from the AOR to APA series inclusive.

What do you mean by this?

dxhound2005

It was an exercise I did last week in connection with part of the discussion a week before that, and I decided to repeat it this week.

tuisginideach

Very surprisingly - but very happily - €50 today :)

Living Off The Splash

Nothing in a while. Over €200k invested. Adding another €80k shortly. Deposit interest rates are so bad that I just couldn't invest in State Bonds/Certs and tie my money up for 3 to 5 years. Stock market too high and correction due methinks, so even high paying dividends, while attractive are not worth the risk.
Spanish Holiday home of no interest to me or the family as everyone likes to go to different places.

Hibernicis

Living Off The Splash wrote: »

Nothing in a while. Over €200k invested. Adding another €80k shortly. Deposit interest rates are so bad that I just couldn't invest in State Bonds/Certs and tie my money up for 3 to 5 years. Stock market too high and correction due methinks, so even high paying dividends, while attractive are not worth the risk.
Spanish Holiday home of no interest to me or the family as everyone likes to go to different places.

Find myself in a similar position - some would say it's first world problems but it is a real issue for anybody who is trying to provide for long term future/retirement !

Will the 250k limit get in your way or do you have pre November 2015 holdings ?

Living Off The Splash

Hibernicis wrote: »

Find myself in a similar position - some would say it's first world problems but it is a real issue for anybody who is trying to provide for long term future/retirement !

Will the 250k limit get in your way or do you have pre November 2015 holdings ?

Prize Bond holdings are in joint names. Is it €250k per person? I think I have a chunk pre November 2015 anyway.

Hibernicis

Living Off The Splash wrote: »

Prize Bond holdings are in joint names. Is it €250k per person? I think I have a chunk pre November 2015 anyway.

https://www.statesavings.ie/media/pdf/nsb-general-terms-conditions


Apparently not, if you hold them in joint names. See page 20 of the above:

1.2 Subject to condition 1.3, the maximum holding limit for Prize Bonds added to the Prize Bond Register in your name on or after 1 November 2015 is €250,000, regardless of whether such individual holds those Prize Bonds as a sole Holder or a Joint Holder.
1.3 There is no limit on Prize Bond that are held as a result of
(a) transfers to you in accordance with condition 17 (Death of a Holder) of the General Terms and Conditions; and/or (b) investment by you of proceeds of prize bonds winnings within 30 days of the draw date in which you won a prize.

Living Off The Splash

OK. I rang the Prize Bond department this morning. The lady who is dealing with customer queries "thought" it was €500k for a joint account but put me on hold while she checked this out. (You would think that someone answering queries on Prize Bonds might actually know the answers to simple everyday questions).
Anyhow she got back to me and confirmed that a joint application can have €500k of Prize Bonds.

tuisginideach

That contradicts completely so their own terms and conditions!

Living Off The Splash

tuisginideach wrote: »

That contradicts completely so their own terms and conditions!

But does it not make sense that a husband can have €250k in his sole name. His wife can have €250k in her sole name.....so a joint account can have €500k?

my3cents

Living Off The Splash wrote: »

But does it not make sense that a husband can have €250k in his sole name. His wife can have €250k in her sole name.....so a joint account can have €500k?

As you have just explained they are two different things. A joint account is a one single account and two individual accounts are two individual accounts.

I don't really see why that needs explaining?

I'm not saying that 500K isn't allowed in joint accounts but my logic says unless there is a special rule then the 250k limit would apply.

Living Off The Splash

We shall see. I have made an application this week that will bring us over the €250k threshold.

my3cents

Living Off The Splash wrote: »

We shall see. I have made an application this week that will bring us over the €250k threshold.

About the only definite way we will know for sure.

But hey this is Ireland, you might get away with it when other don't :rolleyes:

dxhound2005

The limits outlined on the application form say €500K for a holding in joint names.

https://www.statesavings.ie/media/pdf/prizebonds_application_form

my3cents

dxhound2005 wrote: »

The limits outlined on the application form say €500K for a holding in joint names.

https://www.statesavings.ie/media/pdf/prizebonds_application_form

More specifically

3.3 The maximum holding limit for Prize Bonds added to
the Prize Bond Register in joint names on or after the
1 November 2015 is €500,000.

Living Off The Splash

my3cents wrote: »

As you have just explained they are two different things. A joint account is a one single account and two individual accounts are two individual accounts.

I don't really see why that needs explaining?

I'm not saying that 500K isn't allowed in joint accounts but my logic says unless there is a special rule then the 250k limit would apply.

Strange logic. So have you changed your mind now?

my3cents

Living Off The Splash wrote: »

Strange logic. So have you changed your mind now?

I think you are failing to understand the thanks system.

Andrew Flexing

No Joy.
Weeks since last win: 13

Funny, earlier in the year I had 3 wins in January alone, now I haven't had 1 win since early June. Swings/roundabouts.

FoolsGold1

€50 today.
Last win: €50 19th July (Total: €450 on c.€70K since 1st January)

PB2018

Wins on 6th September 2019: €0
Last win: 5th July 2019: €50
Weeks since last win: 9
€134k invested in prize bonds since July 2017
Win ratio: 13 wins in 114 weeks (11%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 4 x €50 = €200

pbwinner

Winnings on 6th September 2019: €0
Last win 12th April 2019: €50
Total winnings on €25k from Feb 2011 to date: €2900
2011: €75 x 4 €300
2012: €75 x 6 €450
2013: €50 x 12 €600
2014: €50 x 9 €450
2015: €50 x 5 €250
2016: €50 x 5 €250
2017: €50 x 4 €200
2018: €50 x 2 €100
2019: €50 x 6 €300

Living Off The Splash

my3cents wrote: »

I think you are failing to understand the thanks system.

No dxhound2005 posted clarification and a link to the Prize Bonds Application Form. I'm not sure why you needed to post it again immediately afterwards.

It looked as if you were trying to take his credit....that's all.

tuisginideach

zero today

dxhound2005

Nothing for me today. Number of €50 prizes each draw in September is 4832, up from 4798 in August, and 4546 at the start of the year. I estimate an increase in the fund of around 5.5%.

Defying the odds today:

Prize Value Winning Prize Bond Location

€50 ST298741 Waterford
€50 ST299390 Waterford
€50 ST299922 Waterford

podgeandrodge

So...in a nutshell, with, say, €100k, is there much between the expected return per annum from prize bonds and a deposit account after dirt?