€25k invested in prize bonds

tuisginideach

tuisginideach wrote: »

If there are 10 prizebonds, then they are 'worth' €62.50

?

This nicely illustrates how money invested in prize bonds depreciates over time- £62.50 in today’s money is approx eur140 taking inflation and purchasing power into account

However £62.50 will only now be converted to its euro equivalent €79.35- a loss of 43% over 25 years- could have been so much worse only for low inflation over that time

dxhound2005

Deleted User wrote: »

This nicely illustrates how money invested in prize bonds depreciates over time- £62.50 in today’s money is approx eur140 taking inflation and purchasing power into account

However £62.50 will only now be converted to its euro equivalent €79.35- a loss of 43% over 25 years- could have been so much worse only for low inflation over that time

€62.50 is converted from £50, should actually be €63.50. Anyway they might not be Prize Bonds. If they are Savings Certificates, those were paying 60% over 5 years at the time of big inflation.

Fantomas9mm

Deleted User wrote: »

This nicely illustrates how money invested in prize bonds depreciates over time- £62.50 in today’s money is approx eur140 taking inflation and purchasing power into account

However £62.50 will only now be converted to its euro equivalent €79.35- a loss of 43% over 25 years- could have been so much worse only for low inflation over that time

Yeah candidly I would look to sell them.


Does it actually happen often that sums of money are won and just not claimed ?

Hibernicis

Fantomas9mm wrote: »

Does it actually happen often that sums of money are won and just not claimed ?

No. Prizes are generally sent automatically to the address held on file (or alternatively paid directly to the bank account held on file) and therefore don't usually need to be claimed. The amount of unclaimed prizes held by the Prize Bonds Company is a small fraction of the prize fund.

Hibernicis

Another €50 today. So my winnings in first 9 months of this year now equal the whole of 2019.

This week's winning bond is one of 8 issued in December 2016 as a reinvestment of a previous win.

Winnings on 25th September €50
Last win: 18th September €50
Weeks since last win: 1

2017 (Jul-Dec) - €100k – 7x€50 = €350
2018 (Jan-Dec) - €200k – 12x€50 = €600
2019 (Jan-Dec) - €250k – 20x€50 = €1,000
2020 (Jan-Sept) - €252k - 20x€50 = €1,000

PB2018

Wins on 25th September 2020: €50
Previous last win - 10th July 2020: €50
Weeks since previous last win: 11
€134k invested in prize bonds since July 2017
Win ratio: 21 wins in 169 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-Dec): 5 x €50 = €250
2020 (Jan-date): 7 x €50 = €350

pbwinner

Winnings on 25th September 2020: €50
Last win 19th June 2020 2020: €50
Total winnings on €25k from Feb 2011 to date: €3050
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
2020: €50 x 3 €150

pbtracker

Winnings on 25th September 2020: €0
Last win : €50 Aug 28th
Investment :
Up to Aug 2020 : €12K
Aug 2020 : €72K
Sept 2020 : €77K
Total winnings to date: €150

VonLuck

I notice a lot of you have large sums of money invested in Prize Bonds. Can I ask why? Would it not be more prudent to invest it elsewhere to get a better return or why are Prize Bonds the preferred option for you?

I know there is greater risk in other investments, but you're more than likely losing money having all that money in Prize Bonds.

pbtracker

VonLuck wrote: »

I notice a lot of you have large sums of money invested in Prize Bonds. Can I ask why? Would it not be more prudent to invest it elsewhere to get a better return or why are Prize Bonds the preferred option for you?

I know there is greater risk in other investments, but you're more than likely losing money having all that money in Prize Bonds.

Its been discussed multiple times but I think mostly because :

• ease of access to the funds if you need it at short notice - e.g. savings for house etc
• capital is 100% safe
• there is always the chance of hitting the big one!
• interest rates in on-demand deposit accounts are basically zero and extremely low even in 5/10 year accounts
• some stocks/shares carry a significant risk especially over a short term. Plus there are fees/taxes etc so if you are conservative on your investments the return is likely to be relatively small in the short term.

dxhound2005

VonLuck wrote: »

I notice a lot of you have large sums of money invested in Prize Bonds. Can I ask why? Would it not be more prudent to invest it elsewhere to get a better return or why are Prize Bonds the preferred option for you?

I know there is greater risk in other investments, but you're more than likely losing money having all that money in Prize Bonds.

Your use of the word prudent is completely at odds with the rest of what you wrote.

Hibernicis

pbtracker wrote: »

Its been discussed multiple times but I think mostly because :

• ease of access to the funds if you need it at short notice - e.g. savings for house etc
• capital is 100% safe
• there is always the chance of hitting the big one!
• interest rates in on-demand deposit accounts are basically zero and extremely low even in 5/10 year accounts
• some stocks/shares carry a significant risk especially over a short term. Plus there are fees/taxes etc so if you are conservative on your investments the return is likely to be relatively small in the short term.

Also

• As part of a balanced portfolio, where investments are spread across different asset classes with different risk/return characteristics
• As part of a retiree’s portfolio, where there is a recommendation that a number of year’s income is held in capital secure cash-like products
• As a holding place for contingency funds, forthcoming tax bills etc
• As a temporary holding place during turbulent/unpredictable markets for funds which are intended for the stock market

VonLuck

pbtracker wrote: »

Its been discussed multiple times but I think mostly because :

• ease of access to the funds if you need it at short notice - e.g. savings for house etc
• capital is 100% safe
• there is always the chance of hitting the big one!
• interest rates in on-demand deposit accounts are basically zero and extremely low even in 5/10 year accounts
• some stocks/shares carry a significant risk especially over a short term. Plus there are fees/taxes etc so if you are conservative on your investments the return is likely to be relatively small in the short term.

I figured the main reason would be access to large sums of money at short notice, but I do see a lot of people with savings in Prize Bonds over a long period. Maybe waiting for the market to crash and jump on cheap property?

dxhound2005 wrote: »

Your use of the word prudent is completely at odds with the rest of what you wrote.

Well the definition of prudent is "careful in providing for the future". Prize Bonds seem to be a short term option as opposed to looking forward to the distant future. I would consider investing in a pension fund prudent.

Hibernicis wrote: »

Also

• As part of a balanced portfolio, where investments are spread across different asset classes with different risk/return characteristics
• As part of a retiree’s portfolio, where there is a recommendation that a number of year’s income is held in capital secure cash-like products
• As a holding place for contingency funds, forthcoming tax bills etc
• As a temporary holding place during turbulent/unpredictable markets for funds which are intended for the stock market

Interesting. I'll admit I held a very ignorant view as I was coming at it from my own perspective, but obviously there are many different scenarios that people may be in that would never apply to me.

dxhound2005

Prize Bonds is a small proportion of the NTMA products, see page 13. €112 net inflow in 2019 into the Post Office Deposit Account which pays 0.15% interest, and that is then liable to DIRT.

https://www.ntma.ie/uploads/publication-articles/NTMA-Annual-Report-2019-English.pdf

What is in those products, earning very little interest, is dwarfed by what is on deposit in the associated banks and the credit unions. Earning even worse interest. And vast sums are abandoned in dormant accounts. No need to worry about any of us that choose to have a little bit of excitement every Friday, but eschew the attractions of Bitcoin and gold. The EBS wrote to me this week to advise that they are reducing their deposit rate from 0.01% to 0.00%.

Savings by Irish households reached a new high in September 2018, as consumers continued to plough their money into saving accounts despite the record low returns on offer.

Figures from the Central Bank show that deposits rose by €3.3 billion, or by 3.5 per cent, in the year to end-September 2018, pushing deposits up to €97.2 billion, above the Celtic Tiger peak of €94 billion reached in 2009. This was the 16th consecutive quarter of annual growth, and shows that Irish savers continue to put their money into deposit accounts where returns struggle to exceed 0.5 per cent a year.

Taylor365

pbwinner wrote: »

Winnings on 25th September 2020: €50

Boo! :mad:






:pac:

Cork Lass

Nothing for us this week

Sligo Quay

pbwinner wrote: »

Winnings on 25th September 2020: €50
Last win 19th June 2020 2020: €50
Total winnings on €25k from Feb 2011 to date: €3050
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
2020: €50 x 3 €150

Ok I say this with tongue in cheek, I think the Prize Company have rewarded you for starting this thread, I'm a conspiracy theorist lol, I've won €50 this year on 60k and you've won €150 on 25k, it isn't fair:p LOL

bobbyy gee

Call them

https://www.statesavings.ie/help-support/help-articles/what-happens-to-unclaimed-prizes#:~:text=If%20someone%20does%20not%20claim,in%20our%20unclaimed%20prizes%20database.&text=You%20can%20check%20your%20Bond,705%207200%20for%20further%20details.

carrickbawn

Sligo Quay wrote: »

Ok I say this with tongue in cheek, I think the Prize Company have rewarded you for starting this thread, I'm a conspiracy theorist lol, I've won €50 this year on 60k and you've won €150 on 25k, it isn't fair:p LOL

Life’s not always fair. I have not even been posting on here for months,while I wait for something positive to post.
2019. 110k for most of the year. 2x 50.
2020. 110 wins 2x50. Last win 6/3/20
April 20 Bought another 50k. May 1x50.
June 1x 50.
Cashed in 50k of original batch a few weeks ago.
Not a great return.

Saudades

VonLuck wrote: »

I notice a lot of you have large sums of money invested in Prize Bonds. Can I ask why? Would it not be more prudent to invest it elsewhere to get a better return or why are Prize Bonds the preferred option for you?

I know there is greater risk in other investments, but you're more than likely losing money having all that money in Prize Bonds.

I wonder if that is what the state are doing with a large portion of the prize bond income - investing it into a global equity index tracker themselves?

Say the Vanguard Total World Stock ETF (VT) has returned an average annualized 8.5% in the last 10 years (admittedly through a stock market bull run). Compare that to the state paying out under 1% in bond prizes. Nice earner for the state.

mad m

I’m glad I seen this thread again. Purchased around 15k 7 years ago, I also bought my kids 500 euro each. My son has got more than me with his 500 euro investment . I think its time to get a repayment.

John arse

Sligo Quay wrote: »

Ok I say this with tongue in cheek, I think the Prize Company have rewarded you for starting this thread, I'm a conspiracy theorist lol, I've won €50 this year on 60k and you've won €150 on 25k, it isn't fair:p LOL

some run of luck alright bettering people with €100k+

Cute Hoor

Saudades wrote: »

I wonder if that is what the state are doing with a large portion of the prize bond income - investing it into a global equity index tracker themselves?

Say the Vanguard Total World Stock ETF (VT) has returned an average annualized 8.5% in the last 10 years (admittedly through a stock market bull run). Compare that to the state paying out under 1% in bond prizes. Nice earner for the state.

They're not, but maybe they should be. There has never been a better time for a country to operate a Wealth Fund, it is costing virtually nothing to borrow and there is an opportunity there (with proper management of course) to make significantly greater returns than the current cost of borrowing.

The Norwegian Government Pension Fund Global, also known as the Oil Fund, was established in 1990. It has over US$1 trillion in assets, including 1.4% of global stocks and shares, making it the world’s largest sovereign wealth fund. In May 2018, it was worth about $195,000 per Norwegian citizen. It also holds portfolios of real estate and fixed-income investments.

But that's for a whole different topic.

tuisginideach

zilch again :(:(:(

dxhound2005

Sligo Quay wrote: »

Ok I say this with tongue in cheek, I think the Prize Company have rewarded you for starting this thread, I'm a conspiracy theorist lol, I've won €50 this year on 60k and you've won €150 on 25k, it isn't fair:p LOL

Move to Roscommon.

45 prizes shown
Prize Value Winning Prize Bond Location

€50 PJ008927 Roscommon
€50 PJ010481 Roscommon

€50 ADJ208458 Roscommon
€50 ADJ209120 Roscommon

Cute Hoor

Back in the money with €50 today, first win since 10/7/2020

Winnings to date (no winning records kept pre 2005) €1,775 on €10,315 worth of PB's bought monthly over a 22 year period plus €20,000 bought in Feb 2016 (six €50 wins on the February 2016 purchase), plus €20,000 bought in July 2020 (this was my first win on the July purchase).

Winnings 2011 €75
Winnings 2012 €150
Winnings 2013 €200
Winnings 2014 €100
Winnings 2015 Zero
Winnings 2016 €200
Winnings 2017 €250
Winnings 2018 Nada, Zilch, SFA
Winnings 2019 €250
Winnings 2020 €100

Roll on next week for a big one

tuisginideach

Zilches for weeks here

pbtracker

Winnings on 2nd October 2020: €0
Last win : €50 Aug 28th
Investment :
Up to Aug 2020 : €12K
Aug 2020 : €72K
Sept 2020 : €77K
Total winnings to date: €150

PB2018

Wins on 2nd October 2020: €0
Last win - 25th September 2020: €50
Weeks since last win: 1
€134k invested in prize bonds since July 2017
Win ratio: 21 wins in 170 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-Dec): 5 x €50 = €250
2020 (Jan-date): 7 x €50 = €350

pbwinner

Winnings on 2nd October 2020: €0
Last win 25th September 2020: €50
Total winnings on €25k from Feb 2011 to date: €3050
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
2020: €50 x 3 €150