antspider
Well-Known Member
Got £10,000 in premium bonds, get the occasional £25 ,, Won £500 this month tho .. So I’d chuck some into this
Spare money
- Thread starter forevermancity
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Tuearts right boot
Well-Known Member
Not had anything bigger than £25 or multiples of but took full advantage of the governments BBL and put it in premium bonds....£925 better off and we'll give the BBL back in June, have a drink on me Boris.
metalblue
Well-Known Member
Depends what your risk appetite is,
low risk. Maybe lend (aka save) with a credit union. They don’t tend to pay much more than banks and your cash is protected but you’re at least you know your money is going to good use directly in your local community
medium risk. Shares, ETFs that type of thing. Putting it in a managed fund outsources this to professionals. If you think a particular sector of the market is going to outperform find one for that. For example say I think commodity prices outperform in the medium term so look for something more heavily exposed to mining stock or commodities.
high risk. Bitcoin, gambling, hookers
Unsurprisingly the risk/reward ratio is low risk = low reward / low total loss risk > high risk = high reward / high total loss risk
low risk. Maybe lend (aka save) with a credit union. They don’t tend to pay much more than banks and your cash is protected but you’re at least you know your money is going to good use directly in your local community
medium risk. Shares, ETFs that type of thing. Putting it in a managed fund outsources this to professionals. If you think a particular sector of the market is going to outperform find one for that. For example say I think commodity prices outperform in the medium term so look for something more heavily exposed to mining stock or commodities.
high risk. Bitcoin, gambling, hookers
Unsurprisingly the risk/reward ratio is low risk = low reward / low total loss risk > high risk = high reward / high total loss risk
I was going to put some money into vanguard but went with nutmeg instead.
Seems to be doing ok
Chippy_boy
Well-Known Member
Really depends on how long you want to put it away for.
If you need reasonably quick access to it, then you can do worse than Premium Bonds. You get about 1% return (shit, I know, but isn't it everywhere) but at least you do have the remote chance that you might win a lot more. Plus it has the peace of mind factor of knowing that it is 100% safe.
For longer term - like 5 years minimum, ideally 10, then stick it into an ISA and invest in a few funds. People like Hargreaves Landsdown have recommended portfolios depending on your appetite for risk.
denislawsbackheel
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If you put the lot in premium bonds you could expect a “return” of 0.93% but might get a million or might get nothing.
People completely misunderstand premium bonds.
this explains
www.moneysavingexpert.com
People completely misunderstand premium bonds.
this explains
Premium Bonds
Premium Bonds are the UK's most popular savings vehicle, but Martin Lewis' detailed analysis shows returns don't add up for many compared with savings.
www.moneysavingexpert.com
Chippy_boy
Well-Known Member
Just seen this. Yes, I said similar. I'm fortunate to have near the max in there and I get a win pretty much every month, and two or three on some months.
Chippy_boy
Well-Known Member
How do they misunderstand? If you put £20,000 in there is absolutely bugger all chance of you getting nothing, over the course of a year. Sure it might be less than 1%, it might be more, but nothing? Very, very unlikely.
denislawsbackheel
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Cashed it in and tried again?
What’s that about?