€25k invested in prize bonds

retalivity · 18-04-2019 01:08PM

Niet

Cork Lass · 18-04-2019 04:17PM

Sorry

Andrew Flexing · 19-04-2019 12:16PM

No Joy.
Weeks since last win: 8

PB2018 · 19-04-2019 02:23PM

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

PB2018 · 19-04-2019 02:27PM

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!

Cute Hoor · 19-04-2019 07:03PM

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

)

carrickbawn · 19-04-2019 07:23PM

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.

19-04-2019 07:41PM

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/

pbwinner · 19-04-2019 09:12PM

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

donkeykong5 · 19-04-2019 09:16PM

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

joeysoap · 19-04-2019 09:21PM

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.

tuisginideach · 20-04-2019 10:28AM

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.

Cork Lass · 20-04-2019 05:10PM

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.

John arse · 22-04-2019 10:08AM

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

Hibernicis · 22-04-2019 11:44PM

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.

donkeykong5 · 23-04-2019 12:36AM

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

Cute Hoor · 23-04-2019 07:26AM

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.

Hibernicis · 23-04-2019 09:20AM

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

mrcheez · 23-04-2019 09:25AM

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?

Mormegil · 24-04-2019 06:25PM

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.

pat k · 24-04-2019 06:38PM

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 .

Captainsatnav · 25-04-2019 03:07PM

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!

joeysoap · 25-04-2019 03:35PM

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 .

Andrew Flexing · 26-04-2019 11:40AM

No Joy.
Weeks since last win: 9

pbwinner · 26-04-2019 12:27PM

Captainsatnav wrote: »

jesus you rode your luck every month in 2013!

That was before they changed the prize structure :-(

pbwinner · 26-04-2019 12:27PM

Winnings on 26th 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

tuisginideach · 26-04-2019 01:24PM

and again - sorry:(:(:(

donkeykong5 · 26-04-2019 01:39PM

joeysoap wrote: »

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 .

Same woman has now to get yet another form signed by local post office supervisor or solicitor. And that's another 8 euro to register the letter. As they advised her that one in ten letters get mislaid. Shes beginning to see the funny side of it all now. Crazy.

joeysoap · 26-04-2019 01:50PM

joeysoap wrote: »

First win €50 today.

€50 today. Nothing for 14 weeks, two in a row now.

PB2018 · 26-04-2019 03:04PM

Winnings on 26th April 2019: €0
Last win: 1st March 2019: €50
Weeks since last win: 8
€134k invested in prize bonds since July 2017
Win ratio: 11 wins in 95 weeks (12%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 2 x €50 = €100

€25k invested in prize bonds

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