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Post by wildlife2 on Aug 2, 2023 10:41:46 GMT
Not so good just £75 this month.
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Post by Ace on Aug 2, 2023 11:42:08 GMT
Zilch  |
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Post by bernythedolt on Aug 2, 2023 12:19:19 GMT
I've finally binned NS&I today, too much bad luck getting consistently derisory winnings so I pulled the full £50K. There are FAR better homes for this wedge where it will actually be doing some "work" for me ............  Are you buying back into P2P then? I'll get my coat. 
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travolta
Member of DD Central
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Post by travolta on Aug 2, 2023 16:18:19 GMT
£75 for 1/2 on £50,000
£25 for me on £35,000
Mediocre Month .
Some Austrian won the Euromillions instead of my £2.50 punt .
I can't think how that happened ......
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aju
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Post by aju on Aug 2, 2023 22:48:31 GMT
Mrs Aju is feeling pompously happy with herself today as she had quite a big sweep today. Mind you she doesn't really do much herself other than supply the funds!
Yet again I received Zilch again from my £25 holding block (Not sure why to be honest ;-)
Mrs Aju .... £25, £50, £100x2, £500 & £1,000 (3 from 2 5000 blocks and 3 from a single 20000 block)
So now she has a full book and is also expecting a quite a bit to come rolling back into her bank!.
She had to flip the return funds switch and apparently she will get the funds above 50k returned in 10 working days time - according to my twitter discussion with NS&I today.
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markyg61
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Post by markyg61 on Aug 3, 2023 7:57:55 GMT
Me £50k - £1200
Mrs £50k - zilch
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registerme
Member of DD Central
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Post by registerme on Aug 3, 2023 8:21:06 GMT
Me £50k - £1200 Mrs £50k - zilch You - very nice!!!
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Post by bracknellboy on Aug 3, 2023 9:10:38 GMT
Ooh. For the first time ever, the NS&I website put me into a waiting Q to login. What's all that about then ?
Back to the theme: me £75 (on full amount), my aged parent (POA account) also £75.
A poor month. But then I got £450 in August draw.
I've just withdrawn half my sum on PBs. Looking at how so many are getting higher value prizes now I wonder whether that was a good idea.
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Post by bracknellboy on Aug 3, 2023 13:17:42 GMT
ON the subject of "Not" Premium Bonds. Has anyone had experience of Chip's "Prize Savings Account" ? Bit like PBs except a) its not Govt. backed b) its not tax free c) they don't state an average return rate. What could possibly go wrong..... :-)
Anyway, just wondered whether anyone had gone this route at all ?
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Post by Ace on Aug 3, 2023 14:50:43 GMT
Should you have waited till tomorrow, just in case you won a smaller prize perhaps, or does one only have to have the fund in by the 1st of the month?. Mrs Aju tends to get 150-250 a month on her 50K. I pulled my 50k a while back leaving the marker £25. I passed a lot to Mrs Aju for tax reasons and put rest into various other products that got better rates as you say. Recently we moved considerable funds into VirginMoney ISA's - spread over 2 tax periods to simplify our tax stuff now that Mrs Aju is a tax player since becoming an NSP receiver earlier this year. All that said I get your sentiments as in my case never really got that much myself a couple of years or so back No idea about timing aju , I vaguely recall it's always best to cash out first day of the new month? Anyways, I'm impulsive and got totally fed up. There are definitely Lucky Bonds and Unlucky ones IMHO. My very first wedge, around £20K about 30 years ago was always winning decent prizes but I had to cash out for something else. I have been in and out of Premium Bonds ever since but never been anywhere near as lucky as that very first batch. It is often said that if you think your lot is "bad" then cash out and buy back in and get a completelly fresh lot, although you of course are not in the draw for your first "new" month.. I have also often read that it is impossible for a computer to be truly random, which would possibly/partly explain "bad" Premium Bonds? There are a few on here with brains the size of a planet when it comes to maths/algorithms/permutations & computations/etc/etc (looking at YOU Dolt! ) so I'm sure I'll be corrected if my observation is incorrect and/or misleading.  Since none of the big brains have picked up this particular gauntlet, I thought I'd give it a go. Instead of reading my unstructured waffle, here's a link to a page that debunks the nonsense about draws not being truly random or being biased in some way: www.thisismoney.co.uk/money/saving/article-1592070/Premium-Bond-myths-debunked.html. Your observations are both correct and misleading. Some bonds (or groups of bonds) will inevitably turn out to be more lucky than others, that's just part and parcel of the true randomness. The mistake comes when one believes that a bond (or group of bonds) that have been lucky in the past will have more chance of being lucky in the future. They don't. People who belive that changing their bonds will improve their chances of winning future prizes are wrong. The new bonds will have exactly the same chance of winning as the old bonds, but they will be out of the draw for at least a month which will reduce the average person's winnings. However, by pure random chance, sometimes "luck" will improve after a bond change. These people will be very vocal and hence the myth will be perpetuated. There will have been no difference in the chance that their "luck" changes after a bond change than there would have been without the bond change, but no amount of logic will convince them. The same proportion of people will have their "luck" change without a bond change. Each draw is an independent event, so past draws have zero influence on future draws. The bonds that won £1m this month have exactly the same chance as any other bonds of winning £1m next month. I.e. almost no chance, but I'm staying in the draw because it's not zero chance
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benaj
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Post by benaj on Aug 3, 2023 15:35:34 GMT
ON the subject of "Not" Premium Bonds. Has anyone had experience of Chip's "Prize Savings Account" ? Bit like PBs except a) its not Govt. backed b) its not tax free c) they don't state an average return rate. What could possibly go wrong..... :-) Anyway, just wondered whether anyone had gone this route at all ? Not worth it. I tried it for a month with average of daily deposit of £ £200. The prize pool is not large enough, not enough prizes.
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Post by overthehill on Aug 3, 2023 15:44:15 GMT
ON the subject of "Not" Premium Bonds. Has anyone had experience of Chip's "Prize Savings Account" ? Bit like PBs except a) its not Govt. backed b) its not tax free c) they don't state an average return rate. What could possibly go wrong..... :-) Anyway, just wondered whether anyone had gone this route at all ? Not worth it. I tried it for a month with average of daily deposit of £ £200. The prize pool is not large enough, not enough prizes.
I emptied my premium bonds some time ago, I now get my thrills and excitement from octopus' free monthly Wheel of Fortune spin. And my relatives which they've never noticed yet !
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Post by bracknellboy on Aug 3, 2023 16:29:25 GMT
ON the subject of "Not" Premium Bonds. Has anyone had experience of Chip's "Prize Savings Account" ? Bit like PBs except a) its not Govt. backed b) its not tax free c) they don't state an average return rate. What could possibly go wrong..... :-) Anyway, just wondered whether anyone had gone this route at all ? Not worth it. I tried it for a month with average of daily deposit of £ £200. The prize pool is not large enough, not enough prizes. did you mean £200 or £2000 ? As I understand it an average monthly balance of £100 buys you one lottery ticket. So with only 2 dogs in the race, there would be a high probability of significant deviation from the mean.
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Post by bracknellboy on Aug 3, 2023 16:34:26 GMT
No idea about timing aju , I vaguely recall it's always best to cash out first day of the new month? Anyways, I'm impulsive and got totally fed up. There are definitely Lucky Bonds and Unlucky ones IMHO. My very first wedge, around £20K about 30 years ago was always winning decent prizes but I had to cash out for something else. I have been in and out of Premium Bonds ever since but never been anywhere near as lucky as that very first batch. It is often said that if you think your lot is "bad" then cash out and buy back in and get a completelly fresh lot, although you of course are not in the draw for your first "new" month.. I have also often read that it is impossible for a computer to be truly random, which would possibly/partly explain "bad" Premium Bonds? There are a few on here with brains the size of a planet when it comes to maths/algorithms/permutations & computations/etc/etc (looking at YOU Dolt! ) so I'm sure I'll be corrected if my observation is incorrect and/or misleading. Since none of the big brains have picked up this particular gauntlet, I thought I'd give it a go. Instead of reading my unstructured waffle, here's a link to a page that debunks the nonsense about draws not being truly random or being biased in some way: www.thisismoney.co.uk/money/saving/article-1592070/Premium-Bond-myths-debunked.html. Your observations are both correct and misleading. Some bonds (or groups of bonds) will inevitably turn out to be more lucky than others, that's just part and parcel of the true randomness. The mistake comes when one believes that a bond (or group of bonds) that have been lucky in the past will have more chance of being lucky in the future. They don't. People who belive that changing their bonds will improve their chances of winning future prizes are wrong. The new bonds will have exactly the same chance of winning as the old bonds, but they will be out of the draw for at least a month which will reduce the average person's winnings. However, by pure random chance, sometimes "luck" will improve after a bond change. These people will be very vocal and hence the myth will be perpetuated. There will have been no difference in the chance that their "luck" changes after a bond change than there would have been without the bond change, but no amount of logic will convince them. The same proportion of people will have their "luck" change without a bond change. Each draw is an independent event, so past draws have zero influence on future draws. The bonds that won £1m this month have exactly the same chance as any other bonds of winning £1m next month. I.e. almost no chance, but I'm staying in the draw because it's not zero chance and the same proportion of people will not have their luck change after a bond change, but they won't be vocal about it. And thus the urban myth perpetuates through confirmational bias.
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benaj
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Post by benaj on Aug 3, 2023 18:11:56 GMT
Not worth it. I tried it for a month with average of daily deposit of £ £200. The prize pool is not large enough, not enough prizes. did you mean £200 or £2000 ? As I understand it an average monthly balance of £100 buys you one lottery ticket. So with only 2 dogs in the race, there would be a high probability of significant deviation from the mean. According to Chip, odds of winning is 1 in 1616 for every £10 entry. Say “saving” 30k for the entire month for 3000 entries will have a high chance like 84% winning £10 every month. A full whack of 85k guarantees 99% winning something. A 50k pot has 4.5% chance not winning anything. Is it better than PB? www.getchip.uk//savings-accounts/prize-savings-account
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