Advice on investing in passive funds

[denislawsbackheel]

Are premium bonds still worthwhile? Don't lose anything and a chance of winning cash prizes up to a million every month

Once you have maxed out all your tax free savings yes they are.

 

[flook]

Premium bonds average return is currently 3.3% tax free.
The best unlimited withdrawal easy access account with no restrictions pays 3.47% and is taxable.

Hardly worth bothering and enjoy the chance of a big win.

Over the last few years I've done OK with premium bonds when compared to my fixed rate cash ISA. Thats changed a little recently with the interest rate increases and the ISA fixed rate coming to an end. I've locked in for 2 more years at 4.11% so expect to do a bit better with that than the bonds, unless I get very lucky. I think i'm correct oin saying as the interest rate rises so does the PB prize fund, so more small prize payouts which add up over time. Last 6 months I've averaging about £125-£150/month on the full 50k allowance, which is 3-3.6% pa, which seems to be bang on average

 

[Tuearts right boot]

Premium bonds average return is currently 3.3% tax free.
The best unlimited withdrawal easy access account with no restrictions pays 3.47% and is taxable.

Hardly worth bothering and enjoy the chance of a big win.

Got just over 38,000 of them...return is nothing sparkling but it puts a smile on my face every month, I have it so it's automatically reinvested on the wins, risk free, easy access and the chance of the biggy but as mentioned there are better returns available but at a higher risk.

 

[Blue Mist]

2 pages and only one sensible reply. Someone once said Times, they are a changing.
If it wasnt for MES the OP would now be going on a Saga holiday, driving a Volvo and voting Tory.
I'm not even going to waste my time mentioning my mate who runs a Chinchilla farm in Ecuador and guarantees a 39% return on investment.

 

[halfmist]

I used to have a very simple rule.
Keep it simple.
I used to just invest in 1 company at a time , RBS or Barclays as they were highly volatile . Breaking every rule in the investment book that says spread your risk.
Bought on the way down, sold on the way up when the gain was about £60-70 k.
23 successful deals later in March 23,I called it a day in share dealing against my wife’s wishes. Glad I did because the shares are now worth £40 k less than when I sold them.
I now invest in land without planning permission, much more of a steady Eddie approach.
You can do as much research as you like, but without a crystal ball, it’s a lottery in this uncertain world we now live in.

 

[Blue Mist]

I used to have a very simple rule.
Keep it simple.
I used to just invest in 1 company at a time , RBS or Barclays as they were highly volatile . Breaking every rule in the investment book that says spread your risk.
Bought on the way down, sold on the way up when the gain was about £60-70 k.
23 successful deals later in March 23,I called it a day in share dealing against my wife’s wishes. Glad I did because the shares are now worth £40 k less than when I sold them.
I now invest in land without planning permission, much more of a steady Eddie approach.
You can do as much research as you like, but without a crystal ball, it’s a lottery in this uncertain world we now live in.

Chinchilla farm ?