€25k invested in prize bonds

JMMCapital wrote: »

I'd say anyone with 10's of millions would have there money invested rather keeping it in prize bonds which make pretty much 0%

I guarantee you all that money is from small time savers, anyone with 1 million euro+ would have there money invested in equities,bonds,treasury notes,ETFs,gold,real estate, cashflow generating businesses etc..

0% for high amounts doesn't look bad considering how much fixed income is yielding negative rates.

Living Off The Splash wrote: »

€290k invested in Prize Bonds. I am going to see how many "wins" I have from Sept 17th 2019 until same week next year.

1 x €50 this week. Sept 17th/2019. 1st week. Total = €50.

Welcome on board.

My current holding is €251,600 so it will be interesting to compare returns.

My winnings from 14/9/2918 to 13/9/2018 were 17x€50 = €850. Note my holding increased from approx €201k to €251k in December 2018.

€50

Wins on 20th September 2019: €0
Last win: 5th July 2019: €50
Weeks since last win: 11
€134k invested in prize bonds since July 2017
Win ratio: 13 wins in 116 weeks (11%)
2017 (Jul-Dec): 5 x €50 = €250
2018 (Jan-Dec): 4 x €50 = €200
2019 (Jan-date): 4 x €50 = €200

MarioLuigi wrote: »

Can I ask why in the name of Christ you have €134k in prize bonds please?

Taking 2018 as an example you earned 0.14% interest which is comically bad. I mean you'd get that from a deposit account let alone a couple of percent from State bonds. Technically you're losing money each year at that rate due to inflation. You would be SO much better off investing this into something else or topping up your pension etc.

I have stated this many times and all i get is arrogant responses. Only trying to maximize shareholder wealth! typical Irish fear trading equities,bonds,index funds,precious metals etc yet they'll gladly spend there money on stupid stuff like drink and luxury goods

my3cents wrote: »

So you you mean your a troll?

Nah I'm not a troll, sorry i probably worded that poorly and come of negatively. I just believe people could get better returns investing their hard earned money elsewhere other than prize bonds, having a broadly diversified portfolio (equities,bonds,ETFs,Gold etc) can make you a pretty nice returns over time specially with compound interest. All you need is basic finance knowledge and an understanding of the time value of money. Each to there own, I wish you luck either way.

JMMCapital wrote: »

Nah I'm not a troll, sorry i probably worded that poorly and come of negatively. I just believe people could get better returns investing their hard earned money elsewhere other than prize bonds, having a broadly diversified portfolio (equities,bonds,ETFs,Gold etc) can make you a pretty nice returns over time specially with compound interest. All you need is basic finance knowledge and an understanding of the time value of money. Each to there own, I wish you luck either way.

No, you need knowledge of the markets, taxes you have to declare, dividends you received during the year, losses/profits, etc.



Don't make it out as if it's a simple process. It isn't. It requires a decent bit of research and trust in the financial institutions.


There's many reasons to keep a relatively large sum in PBs. Could be parked for a property purchase, starting a business or just plain ease of "it's easily accessible and the banks don't have their mitts on it".


I'm 50/50 between PBs and stocks.


In 2 years I've made 0.5% in PBs.
In 2 years I've made 18% in stocks.


Stocks were once -10%.


I still keep money in PBs as it's a risk free float i can access anytime that COULD net me €50 every few decades...

Taylor365 wrote: »

No, you need knowledge of the markets, taxes you have to declare, dividends you received during the year, losses/profits, etc.



Don't make it out as if it's a simple process. It isn't. It requires a decent bit of research and trust in the financial institutions.


There's many reasons to keep a relatively large sum in PBs. Could be parked for a property purchase, starting a business or just plain ease of "it's easily accessible and the banks don't have their mitts on it".


I'm 50/50 between PBs and stocks.


In 2 years I've made 0.5% in PBs.
In 2 years I've made 18% in stocks.


Stocks were once -10%.


I still keep money in PBs as it's a risk free float i can access anytime that COULD net me €50 every few decades...

Knowledge which can easily be acquired by reading a few books and doing independent research. Most of investing is common sense, not hard to put together a well diversified portfolio. Good information from revenue,PwC etc readily available online regarding taxes/dividends. Losses/profits can be learned by reading annual reports on a regular basis people should invest in stuff they understand first of all, maybe it's a little bit more easier for me as I have a degree in accounting & finance. 9% yearly return is nice congratulations.

JMMCapital wrote: »

Knowledge which can easily be acquired by reading a few books and doing independent research. Most of investing is common sense, not hard to put together a well diversified portfolio. Good information from revenue,PwC etc readily available online regarding taxes/dividends. Losses/profits can be learned by reading annual reports on a regular basis people should invest in stuff they understand first of all, maybe it's a little bit more easier for me as I have a degree in accounting & finance. 9% yearly return is nice congratulations.

There is so much wrong with this that it’s difficult to know where to start picking it apart. In any event I’d probably just be feeding your trolling. As you said you’ve made your point about your dislike of prize bonds on many occasions. Perhaps you should move on and leave the thread to those who want to share details of their holdings and returns.

Another 'Killarney' envelope on it's way with €50.

€50 win 21/9/2019, PB bought September 1998, first win since 14/6/2019.

Winnings to date (no winning records kept pre 2005) €1,575 on €9,815 worth of PB's bought monthly over a 21 year period plus €20,000 bought in Feb 2016 (five €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 €150 (and counting )

Roll on next Friday

MarioLuigi wrote: »

I agree completely with everything you say, apart from having opposing views on precious metals. People making excuses for themselves and failing before they've even started. Nobody with decent money would be crazy enough to put it in prize bonds. Fortune favours the bold.

Exactly. What are you views on precious metals? curious to know.

J

FFVII wrote: »

This thread and the good news crypto thread are full of strange blinkered people.

Except that this isn't a thread for discussion of other forms of investment, this is a thread for people to post about their winnings (or lack thereof) based on money they put into prize bonds. Nobody here is advocating an investment strategy that involves 100% prize bonds, and people coming here to extol the virtues of their genius investment strategists are off topic, and frankly uninteresting (for those of us interested in this thread)

Apologies folks, I wont comment here again.