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€25k invested in prize bonds

pbwinner

Hiya,
Thought I'd update this thread on the success (or not) of €25k (yes, €25,000) I invested in PBs since February.

Purpose of this thread is to give some indication of the success rate of PBs for the ordinary punter as I assume €25k is large amount to invest in one go.

Planning to keep it in there for a year or so.

Winnings to date: €25

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pbwinner

Captainsatnav wrote: »

jesus you rode your luck every month in 2013!

That was before they changed the prize structure :-(

Andrew Flexing

No Joy.
Weeks since last win: 9

joeysoap

donkeykong5 wrote: »

Her husband died. Had to send copy of her husbands will and copy of his death certificate which cost 20 euro plus registered post which was 8 euro. I have showed her the posts on the forum

I could stand corrected on this but if they were joint holders it would have simpler. Other side is if a joint bond wins they will only put the prize money into a joint account. ( or reinvest)

They also will make out a cheque in both holders name which in theory anyway you have to lodge to a joint account .

Captainsatnav

pbwinner wrote: »

Winnings on 18th April 2019: €0
Last win 12th April 2019: €50
Total winnings on €25k from Feb 2011 to date: €2850
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 5 €250

jesus you rode your luck every month in 2013!

pat k

pbwinner wrote: »

Hiya,
Thought I'd update this thread on the success (or not) of €25k (yes, €25,000) I invested in PBs since February.

Purpose of this thread is to give some indication of the success rate of PBs for the ordinary punter as I assume €25k is large amount to invest in one go.

Planning to keep it in there for a year or so.

Winnings to date: €25

Just got a letter today >>>>>>>>> €50 winnings on my latest monthly purchase of €500 (80 units ) this is my second win of €50 since start of year I am hoping to keep it going for @ 12 months and exchange them .

Mormegil

Nice surprise today when a €50 cheque arrived in the post, usually check the website on a Friday but must have skipped it last week.

First win since Oct 2017.

PB from a €5000 block purchased March 2019.

mrcheez

PB2018 wrote: »

Winnings on 18th April 2019: €0
Last win: 1st March 2019: €50
Weeks since last win: 7
€134k invested in prize bonds since July 2017
Win ratio: 11 wins in 94 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 2 x €50 = €100

Just curious on this.

€134,000 has netted €600 is that right?

Equivalent to 0.0044% interest on 134K.

Is it not better to put it into a 1% interest savings account (or higher if you can find it) as even after tax it would have netted more?

Hibernicis

donkeykong5 wrote: »

Her husband died. Had to send copy of her husbands will and copy of his death certificate which cost 20 euro plus registered post which was 8 euro. I have showed her the posts on the forum

Why is this disgraceful ? It is exactly as set out here:

https://www.statesavings.ie/help-support/help-articles/initiate-deceased-case

Cute Hoor

donkeykong5 wrote: »

Her husband died. Had to send copy of her husbands will and copy of his death certificate which cost 20 euro plus registered post which was 8 euro. I have showed her the posts on the forum

It wasn't a straightforward cash-in then, obviously the Prize Bond people are legally obliged (and rightly so) to seek this documentation in the event of a bondholder's death. I presume once this understandable documentation/evidence was provided it wasa straightforward process.

donkeykong5

Hibernicis wrote: »

donkeykong5 wrote: »

Friend trying to cash her prizebonds in. Omg. Registered letter after registered letter. Disgraceful.

Cashed in prize bonds on a number of occasions over the years and never had any hassle. On the last two occasions the money was paid by transfer to my C/A within a week.

Her husband died. Had to send copy of her husbands will and copy of his death certificate which cost 20 euro plus registered post which was 8 euro. I have showed her the posts on the forum

Hibernicis

donkeykong5 wrote: »

Friend trying to cash her prizebonds in. Omg. Registered letter after registered letter. Disgraceful.

Cashed in prize bonds on a number of occasions over the years and never had any hassle. On the last two occasions the money was paid by transfer to my C/A within a week.

John arse

donkeykong5 wrote: »

Friend trying to cash her prizebonds in. Omg. Registered letter after registered letter. Disgraceful.

No it's a simple process just send off the form and the bonds together and you'll get a cheque via registered letter the next week

Cork Lass

donkeykong5 wrote: »

Friend trying to cash her prizebonds in. Omg. Registered letter after registered letter. Disgraceful.

We’ve cashed in a couple of batches recently - no problem whatsoever and very prompt payment. My guess is that your friend didn’t complete the forms correctly. It’s a really simple process.

tuisginideach

donkeykong5 wrote: »

Friend trying to cash her prizebonds in. Omg. Registered letter after registered letter. Disgraceful.

I've been cashing in various batches over past year - send in bonds, receive payment with one week - absolutely no hassle.

joeysoap

joeysoap wrote: »

Your doing much better than I am. I purchased €25k initially, increased it by increments to 100k by end of January. Not one win.

First win €50 today.

donkeykong5

Friend trying to cash her prizebonds in. Omg. Registered letter after registered letter. Disgraceful.

pbwinner

Winnings on 18th April 2019: €0
Last win 12th April 2019: €50
Total winnings on €25k from Feb 2011 to date: €2850
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 5 €250

[Deleted User]

carrickbawn wrote: »

50 here yesterday. Ist win on 65k that was bought in December. Thought I was going to have a dry year so Im glad of anything at this stage.

Sure we're only a third of the way through the year!

Question, why did the value of the pot drop so dramatically over the last few years?

https://www.rte.ie/news/business/2018/0426/957383-what-are-prize-bonds-and-should-i-be-buying-them/

carrickbawn

50 here yesterday. Ist win on 65k that was bought in December. Thought I was going to have a dry year so Im glad of anything at this stage.

Cute Hoor

Hallelujah, praise the Lord. I thought my little bundle had been removed from the drum and then lo and behold........

€50 win today, PB bought February 2016, first win since 18/8/2017.

Winnings to date (no winning records kept pre 2005) €1,475 on €9,627 worth of PB's bought monthly over a 19 year period plus €20,000 bought in Feb 2016 (fifth €50 on the February 2016 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 €50 (and counting

)

PB2018

niallers1 wrote: »

that's less than 0.5% return.
you could be getting 7% return. That's over 9k per year. You've "won" €550 in almost two years. That is a poor return on your money.

Agreed that there are better options. However I want to have easy access to the fund; interest rates in the bank are poor; so prize bonds provide a better rate of return (taking into account DIRT etc.), with a very slim chance of winning a bigger prize than the usual €50 every few months!

PB2018

Winnings on 18th April 2019: €0
Last win: 1st March 2019: €50
Weeks since last win: 7
€134k invested in prize bonds since July 2017
Win ratio: 11 wins in 94 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 2 x €50 = €100

Andrew Flexing

No Joy.
Weeks since last win: 8

Sorry

Niet

and again - sorry

Sorry, no winners were found for selected dates.:(

dxhound2005

The next draw will be on Thursday 18 April.

niallers1

Thargor wrote: »

We're 11 years since the last recession, they come every 10-12 years, a major warning light started flashing with the US yield curve inversion a week ago that the next one could be upon us, if its money you dont need stick it on the markets by all means but for house deposits or funds you cant afford to lose there isnt anywhere paying 7% thats safe, there isnt anywhere paying 2% thats safe, you might aswell have a bit of fun on a Friday when the returns on standard savings accounts are more like 0.2-0.5% at current rates.

Knowing that, When the next one is upon us then see it as an opportunity to buy a fund/ index at a 30-35% discount.
Then forget about it and let it ride for 5- 10 years.

joeysoap

FoolsGold1 wrote: »

(I'm much too old to play the field ... .........In general, a disaster.

Toooooooo old too. But with about €115k in total (€4 x €25k in Jan) I’m getting a wee bit pi##ed seeing ‘sorry........’ every week.

I have some other savings, but as time go by and they mature, I’m not interested in mid to long term investing. I have a AVC pension and that’s forever, but like everybody else (I suspect) I would be happy with a safe home giving 1.5 -2% , but they’re not there.