€25k invested in prize bonds

Mantis Toboggan wrote: »

Question:what happens if I was to lose my bond? Can't see anything online to say I've bought so much of prize bonds? Would the money be lost?

Ask because I bought prize bonds almost 3 weeks ago and have not received the bond in the post. My account on state savings does not mention any such purchase?

Your cert may not have been issued yet. See this post from last week by DXhound2005 https://www.boards.ie/vbulletin/showpost.php?p=113775866&postcount=6077. Three weeks is long enough however, so you might want to query it with them, especially as there is a €1m prize this Friday !

In any event, your money isn’t lost. Any prizes you are lucky enough to win will be paid to you in the form you chose when purchasing. And the capital is repayable at any time after an initial three month window. The Prize bond redemption form has the following note relating to lost bonds:

2. LOST PRIZE BOND
If the original Prize Bond Certificate(s) cannot be located please attach a short note confirming same, please also provide any
variations in the name(s) and or address(es) that may have been used at the time the Bonds in question were purchased. Once we receive this information we will then contact you with our additional requirements.

It’s a good idea to keep a record of your prize bond numbers in a safe place.

Lastly, note that Prize Bonds are not automatically added to any on-line account nor do that appear on the Annual Statement of State Savings Products. If you need a Statement of Holdings in Prize Bonds you must request this separately:

https://www.statesavings.ie/help-support/help-articles/statement-or-valuation-requests

WacoKid wrote: »

There is Bond tracker functionality on the state savings website.

Yes there is, but you must know your bond numbers to use this (i.e. have received your certificate), and you must add your bond numbers manually to your tracker account, they are not added automatically.

pbwinner wrote: »

Hit the magical €3,000 after 9 years! lol

Winnings on 19th June 2020: €50
Last win 9th April 2020: €50
Total winnings on €25k from Feb 2011 to date: €3000
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 2 €100

Partial comparison for a bunch worth €29K bought in 2010. The Find Winners won't show anything older than 2015. All wins €50.

2015 4.
2016 7.
2017 3.
2018 1.
2019 5.
2020 1.

21 wins, you got 24 in the same period.

Hi just few questions please.

1) How easy is it to withdraw funds? I'd like to maybe buy a few prize bonds but may need to withdraw the money at (relatively) short notice, is this subject to terms and conditions?

2) if I am buying as a gift (for minors) if they win can you collect money on there behalf? If buying as gifts

I'll probably only get 1,000 worth and see how I get on.

Cheers

Username you choose wrote: »

Hi just few questions please.

1) How easy is it to withdraw funds? I'd like to maybe buy a few prize bonds but may need to withdraw the money at (relatively) short notice, is this subject to terms and conditions?

2) if I am buying as a gift (for minors) if they win can you collect money on there behalf? If buying as gifts

I'll probably only get 1,000 worth and see how I get on.

Cheers

1,000 euro of prize bonds would win a prize on average every 14 years.

Bubbaclaus wrote: »

1,000 euro of prize bonds would win a prize on average every 14 years.

Okay, so you really need to have 5/6 figure sum in prize bonds? Substantial amounts?

How easy is it to withdraw do you know?

Username you choose wrote: »

Okay, so you really need to have 5/6 figure sum in prize bonds? Substantial amounts?

Yes it seems like it. The minimum prize is €50, and there's an average 0.5% return per year, so you would need to have 10k invested just to win a €50 prize, on average each year.

I was looking into investing but I believe it's more for retirees with a lump sum that they don't want held in cash or equities.

Username you choose wrote: »

How easy is it to withdraw do you know?

There's a 90 day holding period at the beginning.

After that, you need to give 7 days notice, and then they repay you within 7 working days.

I know this because I was planning to lump my entire savings into the draw for this week's €1 million draw, but I left it too late - you can't buy them online initially, need to submit a paper application to setup registration.

Saudades wrote: »

Yes it seems like it. The minimum prize is €50, and there's an average 0.5% return per year, so you would need to have 10k invested just to win a €50 prize, on average each year.

I was looking into investing but I believe it's more for retirees with a lump sum that they don't want held in cash or equities.



There's a 90 day holding period at the beginning.

After that, you need to give 7 days notice, and then they repay you within 7 working days.

I know this because I was planning to lump my entire savings into the draw for this week's €1 million draw, but I left it too late - you can't buy them online initially, need to submit a paper application to setup registration.

Thanks for the information, much obliged

Jan: XXXXX
Feb: €XXX
Mar: XXX€
Apr: €XX€
May: €€XX
Jun: XXXX

Wins on 26th June 2020: €0
Last win - 22nd May 2020: €50
Weeks since last win: 5
€134k invested in prize bonds since July 2017
Win ratio: 19 wins in 156 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): 5 x €50 = €250

Robodoc wrote: »

€60k in prizebonds, 3 wins last year, not a sausage this year............

yeah not good,and people are on here asking about investments of 5 and 10k-don't hold your breath folks,ps i assume most of the regular contributors on here are holding substantial six figure sums?

Six months of the year gone and I have 8 wins. 2 each in Jan, Feb, March, 1 each in April and May. At the same stage in 2018 I had 6 wins, in 2019 it was 11. Both years finished up with 15. June 2018 4 wins, June 2019 4 wins, June 2020 no wins.

The tiny amounts everyone here owns out of the €3.8 billion fund are not enough to establish any regular pattern of wins. Having suffered a 26 week drought late 2017 early 2018, I am prepared for the possibility of no more wins this year. But every new draw stands independent of what happened in all previous draws, so I will wait and see.

No €1m for me today, not even a €50. 12 wins so far this year, all €50. So a decrease from the 13 x €50 at the half way mark last year.

Mantis Toboggan wrote: »

Yeah definitely better ways of using your money.

But, not a bad way to hold cash!

Mantis Toboggan wrote: »

In the short term absolutely.

My wife and myself have €200 of PB's for 35 years and never won shi*e.