€25k invested in prize bonds

Investor12 · 11-04-2021 9:45am

Hibernicis wrote: »

That is not correct. Suppose the crash occurred a few weeks before you needed to draw down the capital ?

5 years is often regarded as the minimum timeframe required to invest in equities.

Investor12 · 11-04-2021 9:48am

Cute Hoor wrote: »

I presume you weren't thinking of PG&E (from $60 down to $11), Murphy Oil (from $31 down to $16), Devon Energy (from $36 down to $22), Apache (from $52 down to $17), Baker Hughes (from $46 down to $20), etc, etc, etc when you were thinking of how much better PB holders could have done by investing in equities in that 5 year timeframe.

The performance of a single companies isn't an issue if you're diversified. Strange how Irish people regard the stock market as gambling. You don't see this attitude in other European countries. Maybe if more Irish people invested in equities there would be political pressure to reform the tax system. The global economy will always trend upwards in the long-term, barring a massive disaster that ends civilisation.

Investor12 · 11-04-2021 9:51am

Unless you're approaching retirement, then you should have little to no bonds in your portfolio. May as well hold cash considering the paltry returns.

dxhound2005 · 11-04-2021 9:57am

Investor12 wrote: »

The performance of a single companies isn't an issue if you're diversified. Strange how Irish people regard the stock market as gambling. You don't see this attitude in other European countries. Maybe if more Irish people invested in equities there would be political pressure to reform the tax system. The global economy will always trend upwards in the long-term, barring a massive disaster that ends civilisation.

Whenever I see the "only in Ireland" claim, I take a look at the evidence. Usually the claim is based on an idea in a person's head, rather than something which has been researched. This looks to be the case with your idea as well.

I did already know that German people do not use credit cards as much as we do, and that seems to be in line with their attitude to risky investments.

https://voxeu.org/article/cross-country-differences-risk-attitudes-towards-financial-investment

More interestingly, significant country differences arise. Institutional and cultural factors seem to have a substantial influence on the formation of individual risk-benefit perceptions associated with financial investment. Figure 2 suggests, for instance, that people living in the Netherlands, Austria, and Germany think that investments in shares, mutual funds, and bonds are on average extremely risky whilst their expected returns are very low. In contrast, those in the US, Turkey, UK, and Australia tend to have the exact opposite belief, that is, investing in financial assets can be highly beneficial, with a risk below the mean of all other countries.

HillCloudHop · 11-04-2021 11:37am

I'm almost 100% in equities. I'll never be able to retire early with bonds.

RedRochey · 11-04-2021 1:27pm

Investor12 wrote: »

Unless you're approaching retirement, then you should have little to no bonds in your portfolio. May as well hold cash considering the paltry returns.

Agree you shouldn't hold bonds unless you're near retirement but I think you're mixing up portfolio and savings, not all savings should be invested in a portfolio, could be a number of reasons why it would be better to hold cash/prize bonds, but agree if you don't need the money within 5 years then you're probably better off investing some portion into equities instead of bonds

Fair enough the returns on prize bonds are paltry to cash but at least you've the chance (albeit very small) to earn a little bit here and there, bit of fun as well

tuisginideach · 16-04-2021 12:33pm

tuisginideach wrote: »

And nothing again

And nothing again - 6 weeks on the trot at this stage

Furze99 · 16-04-2021 12:41pm

Hibernicis wrote: »

Week eighteen.....

Winnings on 9th April €0
Last win: 4th December €50
Weeks since last win: 18

2017 (Jul-Dec) - €100k – 7x€50 = €350
2018 (Jan-Dec) - €200k – 12x€50 = €600
2019 (Jan-Dec) - €250k – 20x€50 = €1,000
2020 (Jan-Dec) - €252k - 24x€50 = €1,200
2021 (YTD) - €257k - 0x€0 = €0

Same here - there's been a serious cutback in prizes. Government has obviously decided it doesn't want the use of the citizens cash anymore.

Bubbaclaus · 16-04-2021 12:49pm

Furze99 wrote: »

Same here - there's been a serious cutback in prizes. Government has obviously decided it doesn't want the use of the citizens cash anymore.

It would not be in the interest of the State and us as taxpayers to pay out a larger interest rate if we can borrow on the market for 0% or even negative interest rates.

pbwinner · 16-04-2021 1:14pm

Winnings on 16th April 2021: €0
Last win 18th December 2020: €100
Total winnings on €25k from Feb 2011 to date: €3150
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 5 = €250
2021: €0

PB2018 · 16-04-2021 1:18pm

Wins on 16th April 2021: €0
Last win: 18th December 2020: €50
Weeks since last win: 17
€134k invested in prize bonds since July 2017
Win ratio: 24 wins in 198 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-Dec): 10 x €50 = €500
2021 (Jan-date): 0 x €50 = €0

Atlantis50 · 16-04-2021 1:39pm

Another €50 today on €60,100, making that 3 wins of €50 in the space of 4 weeks after a dry spell since the final purchase in October.

I think the approximate expected wins of €50 on that amount would be 3 - 4 per year so I'm about there already.

Furze99 · 16-04-2021 2:23pm

Bubbaclaus wrote: »

It would not be in the interest of the State and us as taxpayers to pay out a larger interest rate if we can borrow on the market for 0% or even negative interest rates.

No it wouldn't - but there may come a time when the government will be looking for citizens cash. There is a wee element of patriotism involved. And when that time comes, they may find that the citizens will not be so keen anymore.

carrickbawn · 16-04-2021 2:34pm

Nothing here again today.

adox · 16-04-2021 2:49pm

Yep nothing for me again either.

dxhound2005 · 16-04-2021 3:23pm

Furze99 wrote: »

No it wouldn't - but there may come a time when the government will be looking for citizens cash. There is a wee element of patriotism involved. And when that time comes, they may find that the citizens will not be so keen anymore.

Even if they reduce the prizes again the funds will still keep flowing in. Like they have in record amounts since the last two reductions in 2017 and 2021.

Because someone with €100K who wants to keep it safe for a year shouldn't be too concerned whether that stays at €100K. Or goes up to €100,100 if they put it on deposit, or €100,250 if they get average luck with Prize Bonds.

pbtracker · 16-04-2021 3:42pm

Another €0 for me. I did buy another €15K this week but would not be in this draw so hopefully might be lucky next week!

Winnings on 16th Apr 2021: €0
Last win : €50 5th Mar 2021
Investment : €77K (from Aug 2020)
Winnings Total : €250
Pre 2020 : €50
2020 : €150
2021 : €50

Hibernicis · 17-04-2021 10:52am

First win of 2021. At this point last year I had 8 x €50.

Winnings on 16th April €50
Last win: 4th December €50
Weeks since last win: 19

2017 (Jul-Dec) - €100k – 7x€50 = €350
2018 (Jan-Dec) - €200k – 12x€50 = €600
2019 (Jan-Dec) - €250k – 20x€50 = €1,000
2020 (Jan-Dec) - €252k - 24x€50 = €1,200
2021 (YTD) - €257k - 1x€50 = €50

Hibernicis · 17-04-2021 11:00am

Furze99 wrote: »

No it wouldn't - but there may come a time when the government will be looking for citizens cash. There is a wee element of patriotism involved. And when that time comes, they may find that the citizens will not be so keen anymore.

It's nothing to do with patriotism, it's an investment choice. Money is flowing into Prize Bonds at present because even in a win nothing scenario it's a better return than the negative interest rates which the banks are offering. If the government continue to offer 100% capital security and to pay a rate considerably higher than the banks deposit rates then the inflow will continue.

17-04-2021 11:02am

Hibernicis wrote: »

First win of 2021. At this point last year I had 8 x €50.

Winnings on 16th April €50
Last win: 4th December €50
Weeks since last win: 19

2017 (Jul-Dec) - €100k – 7x€50 = €350
2018 (Jan-Dec) - €200k – 12x€50 = €600
2019 (Jan-Dec) - €250k – 20x€50 = €1,000
2020 (Jan-Dec) - €252k - 24x€50 = €1,200
2021 (YTD) - €257k - 1x€50 = €50

Wow €257k?? Money is wasted on some people...

Taylor365 · 17-04-2021 12:08pm

Student_111 wrote: »

Wow €257k?? Money is wasted on some people...

Yea, imagine how much is pissed up against the wall every weekend Student_111.

Taylor365 · 17-04-2021 12:10pm

pbwinner wrote: »

2021: €0

About time you came back down to earth with the rest of us! :pac:

17-04-2021 12:20pm

Taylor365 wrote: »

Yea, imagine how much is pissed up against the wall every weekend Student_111.

Yeah living life instead of sitting with €257k in bloody prize bonds...

Cute Hoor · 17-04-2021 1:24pm

Student_111 wrote: »

Yeah living life instead of sitting with €257k in bloody prize bonds...

What do you want him to do with it, he may have a fantastic house in a great area, lovely wife and family, go on 4 foreign holidays per year (pre-covid), eat out regularly in all the best restaurants, top of the range car etc etc etc. What do you think he should be doing with it.

Cute Hoor · 17-04-2021 1:34pm

Furze99 wrote: »

but there may come a time when the government will be looking for citizens cash. There is a wee element of patriotism involved. And when that time comes, they may find that the citizens will not be so keen anymore.

There isn't a day (or indeed any minute of any day) goes by that the government isn't looking for citizens cash, has been since the year dot and will be ad infinitum. Generally speaking citizens have never been keen on the government coming looking for their cash and I don't expect that to change in the future either.

Agent Smyth · 17-04-2021 3:39pm

Student_111 wrote: »

Wow €257k?? Money is wasted on some people...

And it most definitely would be with you!!

17-04-2021 5:42pm

Not a sausage for me the last few weeks...beginning to give up hope of becoming rich with my prize bond winnings!

sterz · 18-04-2021 3:43pm

How long does it take it set up an account and get up and running? I haven't purchased any prize bonds before so I presume I need to go in to my local post office and fill out the application form there.

I also want to purchase 10k, so am I best to deposit a nominal amount initially and do a bank transfer for the balance?

TheJet · 18-04-2021 3:49pm

Quick question. Will I get an email from prize bonds if I win? Purchased some late last year and just wonder do I need to check every week to see if I’ve won or will they email me the good news.

Hibernicis · 18-04-2021 3:50pm

Student_111 wrote: »

Yeah living life instead of sitting with €257k in bloody prize bonds...

Thanks for your concern, but trust me it isn't wasted. I've always lived life to the max and continue to do so. And this and other stashes of legally earned and fully tax paid money are to help ensure that I can continue to live a very full life well into the future.

Good luck with the studenting.

Hibernicis · 18-04-2021 4:08pm

TheJet wrote: »

Quick question. Will I get an email from prize bonds if I win?

NO, unless you register for a state savings online account. Once you have completed the registration process in the event of a win you will receive a notification.

Hibernicis · 18-04-2021 4:12pm

sterz wrote: »

How long does it take it set up an account and get up and running? I haven't purchased any prize bonds before so I presume I need to go in to my local post office and fill out the application form there.

You can download the application form, attach the necessary identification documentation and either take it to the post office or send it off to the GPO with a cheque (if you have such a thing). Once this initial purchase is complete you will be able to purchase online in future using a debit card. The turnaround is usually reasonably quick, say 10 days or so.

sterz wrote: »

I also want to purchase 10k, so am I best to deposit a nominal amount initially and do a bank transfer for the balance?

It really doesn't make any difference to be honest.

Good luck with it whichever way you decide to proceed

18-04-2021 7:38pm

Hibernicis wrote: »

Thanks for your concern, but trust me it isn't wasted. I've always lived life to the max and continue to do so. And this and other stashes of legally earned and fully tax paid money are to help ensure that I can continue to live a very full life well into the future.

Good luck with the studenting.

Ah bless, sorry I hit a nerve. You continue living your amazing envious life - posting your awful prize bond returns to strangers on boards. Good luck too, you haven't been having much.

Cdemess · 18-04-2021 7:42pm

Student_111 wrote: »

Ah bless, sorry I hit a nerve. You continue living your amazing envious life - posting your awful prize bond returns to strangers on boards. Good luck too, you haven't been having much.

Wow you really told them.

Bubbaclaus · 18-04-2021 8:32pm

Student_111 wrote: »

Ah bless, sorry I hit a nerve. You continue living your amazing envious life - posting your awful prize bond returns to strangers on boards. Good luck too, you haven't been having much.

Christ you got done badly Student

Agent Smyth · 19-04-2021 6:20am

Student_111 wrote: »

Ah bless, sorry I hit a nerve. You continue living your amazing envious life - posting your awful prize bond returns to strangers on boards. Good luck too, you haven't been having much.

Wow great retort, I can see no money was wasted on your education :rolleyes:

2012paddy2012 · 19-04-2021 1:49pm

Hibernicis wrote: »

NO, unless you register for a state savings online account. Once you have completed the registration process in the event of a win you will receive a notification.

So if you have updated your- address etc with prizebonds -you still have to go through all your bonds every draw to see if you win ???

Cute Hoor · 19-04-2021 1:55pm

2012paddy2012 wrote: »

So if you have updated your- address etc with prizebonds -you still have to go through all your bonds every draw to see if you win ???

I have added my prize bonds on Prize Bond Tracker, so unfortunately when I sign in on Friday afternoon I can see instantly that I haven't won, you get a lovely big CONGRATULATIONS on those rare occasions when congrats is merited.

tuisginideach · 19-04-2021 2:05pm

2012paddy2012 wrote: »

So if you have updated your- address etc with prizebonds -you still have to go through all your bonds every draw to see if you win ???

If you look back just 6 posts before your post, you will see that you do get a notification if successsful. You can also sign up for a Tracker. Simple.

2012paddy2012 · 19-04-2021 2:06pm

tuisginideach wrote: »

If you look back just 6 posts before your post, you will see that you do get a notification. if successsful You can also sign up for a Tracker. Simple.

Thanks -

Andrew Flexing · 23-04-2021 12:36pm

No joy.
Wins are few are far between these days.

Jan XXXXX
Feb XXXX
Mar XXX€
Apr XXXX

tuisginideach · 23-04-2021 12:43pm

Zilch again - 7 weeks on the trot.

pbwinner · 23-04-2021 12:45pm

Winnings on 23rd April 2021: €0
Last win 18th December 2020: €100
Total winnings on €25k from Feb 2011 to date: €3150
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 5 = €250
2021: €0

PB2018 · 23-04-2021 12:51pm

Wins on 23rd April 2021: €0
Last win: 18th December 2020: €50
Weeks since last win: 18
€134k invested in prize bonds since July 2017
Win ratio: 24 wins in 199 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-Dec): 10 x €50 = €500
2021 (Jan-date): 0 x €50 = €0

pbtracker · 23-04-2021 1:24pm

So added an addition €15K to the pot but still no joy!

Winnings on 23rd Apr 2021: €0
Last win : €50 5th Mar 2021
Investment : €93K (€77K from Aug 2020, +€15K Apr 2021)
Winnings Total : €250
Pre 2020 : €50
2020 : €150
2021 : €50

Cute Hoor · 23-04-2021 1:28pm

Nothing for me today, last win October 2020.

However I have control over (but no beneficial ownership) of €100k worth of PBs for a friend, bought October 2020, second €50 today on this batch, first win (€50) 26th February.

PS: for the naysayers this €100k will be used for a home deposit when a suitable one is identified.

WhiteMan32 · 23-04-2021 1:33pm

Winnings on 23rd April 2021 on €110k: €50
Last win on 1st April 2021: €50

bilbot79 · 23-04-2021 4:06pm

It's shocking bad this year. Looks like nobody is winning anything. Guess it's better than negative interest rates though

dxhound2005 · 23-04-2021 4:11pm

Nothing for me today. Nice bit of luck for a couple of people in Donegal.

Prize Value Winning Prize Bond Location

€50.00 APL367713 Donegal
€50.00 APL368175 Donegal

€50.00 ATN220230 Donegal
€50.00 ATN220455 Donegal
€50.00 ATN220764 Donegal

carrickbawn · 23-04-2021 4:54pm

Nothing here today.....

€25k invested in prize bonds

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