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Prize Bond Winners

  • 03-02-2013 9:49pm
    #1
    gugsy
    Registered Users, Registered Users 2 Posts: 571 ✭✭✭


    I have prize bonds worth €100 that ive had for the last 6 years and have not won a cent. They say 1 million euro is won every month, €20,000 every other week and thousands of other prizes won every week. Im just wondering has anybody won something through prizes bonds, if so post the amount you won and how much your prize bonds are worth and see how good these prize bonds really are.


Comments

  • #2
    PeteEd
    Registered Users, Registered Users 2 Posts: 393 ✭✭PeteEd


    http://www.boards.ie/vbulletin/showthread.php?p=72650993

    Here is a little reading for you


  • #3
    Sonnenblumen
    Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    gugsy wrote: »
    I have prize bonds worth €100 that ive had for the last 6 years and have not won a cent. They say 1 million euro is won every month, €20,000 every other week and thousands of other prizes won every week. Im just wondering has anybody won something through prizes bonds, if so post the amount you won and how much your prize bonds are worth and see how good these prize bonds really are.

    Hi you must be new around here? :P


  • #4
    Mort5000
    Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


    Prize bonds aren't investments.
    They're gambling at a loss rate of inflation.
    Statistically some other posters here may have indicated an average return of 2%, but they're really just a vehicle for the public to loan the government money... for free.


  • #5
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    Mort5000 wrote: »
    Prize bonds aren't investments.
    They're gambling at a loss rate of inflation.
    Statistically some other posters here may have indicated an average return of 2%, but they're really just a vehicle for the public to loan the government money... for free.

    Some other posters may have indicated an average return of 2%, but it's actually 2.25% (not sure if that is statistically), so it's not exactly a public loan to the government ... for free


  • #6
    Mort5000
    Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


    Cute Hoor wrote: »
    Some other posters may have indicated an average return of 2%, but it's actually 2.25% (not sure if that is statistically), so it's not exactly a public loan to the government ... for free

    2.25% is the percentage amount awarded in prizes, relative to the size of the bond fund.
    That doesn't mean you'll get any of it.
    Or, as OP (and many others here already) is experiencing, you could get nothing.
    I.e. you lend the government money, for free, get nothing back. Or maybe not. Or maybe. Sounds like a real winning investment strategy there. Or maybe not.

    Have a look at their other offerings:
    State Savings
    Even their weakest offering is giving a 2.28% return. And that you'll actually get.


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  • #7
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    OK so, it's loaning the government money... for free. We are a generous people...


  • #8
    el diablo
    Registered Users, Registered Users 2 Posts: 5,767 ✭✭✭el diablo


    A complete waste of time and money in my opinion.

    Orange pilled.



  • #9
    Crasp
    Registered Users, Registered Users 2 Posts: 624 ✭✭✭Crasp


    I got £100 worth as a gift circa 1998. I won £100 twice in about 3/4 years, so that was definitely worth it. Nothing since though! They may have been subsequently raided by a higher authority than myself though....


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