€25k invested in prize bonds

Bubbaclaus wrote: »

You seem to be under the impression that people are putting money into Prize Bonds as an investment, rather than a place to store funds risk free. It isn't like they decided on prize bonds over bitcoin, they are not comparable.

Well you only have to scroll back up this page to see comments like.... "have a large collection of reinvested bonds going back to 2007, and the holding increased by €2,050 in the last three years. Return for 2020 approx 0.38%. Annual return for the three years approx 0.475%"

Bubbaclaus wrote: »

You clearly are inexperienced in investments and how things like prize bonds and bitcoin are not comparable.

I assume you bought a few bitcoin a few years back and now think you are the next Warren Buffett as a result?

Yes and I'm considerably more wealthy than you are

pbwinner wrote: »

Babbaclaus and McCrack, all your comments have already been discussed at length over the years. You are not adding anything that regular posters on this thread have not seen dozens of times before. If some people call "prize bonds" an investment, so be it.

I suggest as others have done, that you take your enlightening discussion to a dedicated investment/savings forum where your deep insights and formidable knowledge of international investment markets might be more appreciated.

Well said

Sultan of Bling wrote: »

Jesus, it's Stanley from Harry Enfield.

:pac:

Montage of Feck wrote: »

Is it any wonder a lot of people would be happy to see the cryto thing crash and burn.

Calm down, calm down

€50k invested in Feb

50€ won a week later
50€ won in March

Nothing else since. Bad show I reckon

McCrack wrote: »

Calm down, calm down

I think you are as popular as a fart in a lift in this thread at the moment

bobbysands81 wrote: »

If this wasn’t tongue in cheek then... tool.

Ooh matron!!

McCrack you have made a couple of points which deserve a response

McCrack wrote: »

Buying Prize bonds is not an investment

Do you have a source for this gem. Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit. Bonds (of which Prize Bonds are a non traditional variant) are an asset class which fit this definition and which merit consideration in any investor’s balanced portfolio. Often regarded as a “defensive investment” Bonds can offer capital protection and income certainty and are essential in ensuring portfolio diversity.

McCrack wrote: »

Lol you picked the only point in bitcoins entire 10 year life where you could say that. The span of buying at that range is 4 days, out of 10 years.

I think you are accusing me of being selective in the dates I chose and on this count I am entirely guilty. Many who hold prize bonds do so as they require guaranteed return of capital on demand and they do not always have certainty around the future redemption date. Examples include people with house deposits, people with bills to pay at some future date, people who have disposed of an asset and are awaiting an opportunity to purchase another/reinvest, pensioners who need to hold 2/3 years income in liquid assets etc. In many of these cases the owner needs to be able to call on her/his capital, intact, at short notice and most certainly does not have the luxury of sitting around waiting for a market/asset to recover. So yes, I chose my dates carefully; the intended house purchaser who has diligently saved a €77k deposit would be most unfortunate if her/his dream house became available when his Bitcoin investment was valued at €13.7k.

Regular and most occasional posters to this thread have proven over the years to be open to constructive suggestions and discussions about Prize Bonds. You are of course very welcome to join us in this. Discussions about the merits of other asset classes, investment theory, philosophy and strategies etc belong elsewhere as has already been politely pointed out to you on a number of occasions.

Hibernicis wrote: »

Comparing 2019 wins with 2020:

Jan-July 2019: 14 x €50 wins in 7 months, 2 wins per month on average
Jan-July 2020: 15 x €50 wins in 7 months, 2.14 wins per month on average

Very consistent, but.....

Aug-Dec 2019: 6 wins in 5 months, 1.2 wins per month on average

So not very consistent.

It will be interesting to see how the last 5 months of this year pan out.

Updating this for the full year comparison:
Jan-Dec 2019: 20 x €50 wins in 12 months, 1.67 wins per month on average
Jan-Dec 2020: 24 x €50 wins in 12 months, 2 wins per month on average

The first and second halves of 2020 were much more consistent:

2019 1H: 13 wins - 2019 2: 7 wins
2020 1H: 12 wins - 2020 2: 12 wins

No joy for me today,but another chance on Friday.
Good luck all....

First win of the year for us, €50winner from the small batch

Good start to the year for me. €50 winner 4th Jan.

Congratulations!
Your saved Prize Bond numbers have won €100.00 since you last logged in.

First win since Oct 16th. From the €29.5K Bunch which won once in 2020.

Looking back I also won €50 in the first draw of 2020.

The number of €50 prizes in the January draws is 5724. This is down from 5782 in December 2020. First time there has been a reduction that I can remember. But it is up from 4998 in January 2020.