coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Sept 2, 2020 14:53:16 GMT
So a £1k tranche I took from my RS ISA and reinvested into Premium Bonds in June has won £50 (2 x £25) in today's draw 
We're off to a good start! Though I don't expect such luck to continue (quite so lucratively that is)...
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gmd78
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Post by gmd78 on Sept 2, 2020 15:41:00 GMT
Brilliant – congrats, proof positive that “money makes money”, even when nicked from the jaws of a marauding lion disguised a pussy cat...that's a play on words of course...present company accepted.. |
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Post by carol167 on Sept 2, 2020 15:43:33 GMT
So a £1k tranche I took from my RS ISA and reinvested into Premium Bonds in June has won £50 (2 x £25) in today's draw
We're off to a good start! Though I don't expect such luck to continue (quite so lucratively that is)... And then you go and win the million next month..... now that would be annoying :-)
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Post by Deleted on Sept 2, 2020 15:52:39 GMT
So a £1k tranche I took from my RS ISA and reinvested into Premium Bonds in June has won £50 (2 x £25) in today's draw
We're off to a good start! Though I don't expect such luck to continue (quite so lucratively that is)... That was very lucky.  Source: www.moneysavingexpert.com/savings/premium-bonds-calculator/#resultMost people with 50k of premium bonds are likely to win £50 per month and many receive less.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Sept 2, 2020 15:59:05 GMT
That was very lucky. Most people with 50k of premium bonds are likely to win £50 per month and many receive less. Yes I know that.
Spoilsport, let me bask in my moment of glory for a bit longer 
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aju
Member of DD Central
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Post by aju on Sept 2, 2020 16:10:53 GMT
Even if you get nothing more for the next 8/9 months that's a simple 5% return already. If you hold for another year beyond that its still 2.5% blimey I'm already tempted if I wasn't aware of the true odds and now i know someone who has (sort of know ) that must have dropped my chances.  I'd definitely be basking in the glory if I were you  |
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jcb208
Member of DD Central
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Post by jcb208 on Sept 2, 2020 16:26:06 GMT
I managed £50 on a £30k investment so you done a lot better then me,maybe next month is lucky for me
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coogaruk
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Post by coogaruk on Sept 2, 2020 18:35:05 GMT
I managed £50 on a £30k investment so you done a lot better then me,maybe next month is lucky for me TBF I've got a lot more than £1k PBs in total (about a third of yours though) and more than £1k is ex-RS. I won £75 today, the other £25 was from a slightly older investment. My last win prior to today was £25 in May so not a bad few months but came after quite a fallow spell. I fear I may be hooked though!
Thought the forum was getting a bit boring so decided to liven it up a bit 
Back to the boring old Metro Bank deal soon I expect 
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
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Post by johnt on Sept 2, 2020 21:43:58 GMT
I've got 30k in Premium Bonds and haven't won a penny in the last 5 months. My partner has 15k and has won every month.. This month she won £75!
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rscal
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Post by rscal on Sept 3, 2020 10:03:22 GMT
Remember that as time passes you approach the average winning chances (in your case from above) so your initial luck will 'wash out'. I can't emphasize this point enough: PBs used to headline the average return to investors, thus nuancing the distorting effects of the big and infrequent prizes on average returns.
Sort of like "the average pay in the UK is 30k while the median pay is 24k" [made up example] You want to live in a world of averages but in fact live in a world of medians.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Oct 2, 2020 11:18:58 GMT
So a £1k tranche I took from my RS ISA and reinvested into Premium Bonds in June has won £50 (2 x £25) in today's draw
We're off to a good start! Though I don't expect such luck to continue (quite so lucratively that is)... Well, would you believe it? That same £1k tranche has only gone and won another £25 in this month's draw!
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johnt
Investing in Ratesetter, Zopa and Assetz Capital since 2013
Posts: 127
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Post by johnt on Oct 2, 2020 12:56:37 GMT
Congrats. I topped mine up to 50k and won 4x £25 this month, that's my first win ever!
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Oct 2, 2020 17:03:59 GMT
Congrats. I topped mine up to 50k and won 4x £25 this month, that's my first win ever! Well done.
I actually won £50 in today's draw, so that's £125 across the Sep-Oct draws, with 11k invested.
Only £75 of those winnings was ex-RS though, strangely from the same 1k tranche (my third, to which I have since added 4 more making 7 in total, the last 2 of which aren't eligible until next month's draw)
Maybe I should quit while I'm ahead!
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jane
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Post by jane on Oct 3, 2020 11:23:05 GMT
Yeah you usually get a streak of wins for the first 3 or 4 months after investing - usually followed by a long barren run. Purely co-incidental of course.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on Oct 3, 2020 17:26:56 GMT
Yeah you usually get a streak of wins for the first 3 or 4 months after investing - usually followed by a long barren run. Purely co-incidental of course. Sorry but I just don't buy the 'beginners luck' conspiracy theory. It just doesn't work like that in reality, as evidenced from my own irregular PB investments.
In fact, just done a bit of research and found this:
Do newer bonds have more chance of winning?
No. This is an urban myth. Every bond has an equal chance of winning, no matter where or when it was bought. My suspicion of why people think this is because it used to be possible just to buy a £1 bond; now the minimum is £25 (and until Feb 2019 was £100). So people who have bought more recently tend to have more bonds which means they will tend to win more often.
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