littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on May 5, 2021 16:51:42 GMT
Nothing for 3 months in a row from a little under the max holding. I will assume that this is good news because to compensate I will shortly win a really big one.
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coogaruk
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Post by coogaruk on May 5, 2021 16:57:07 GMT
Nothing for 3 months in a row from a little under the max holding. I will assume that this is good news because to compensate I will shortly win a really big one. I'm sure it all pretty much evens itself out in the end.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on May 5, 2021 17:09:12 GMT
So is there a way that NS&I withdrawals take from a specific block perhaps so I can withdraw funds and relend with bigger blocks say. Not sure this is the best approach but with the way it seems to be sniffing out the 20k block rather the other splits of 2x5k, 1x6k etc. Probably not worth it but i am curious. I'm not sure either but the main trick is to get as close to the maximum permitted holding for the best chance of achieving near to the published prize-fund rate. I think you can pretty much guarantee the the prizes to be totally random too, despite what some of the naysayers seem to think.
Two of my 25 pound wins today were the first from a 16k tranche when I cashed in my Income Bonds last November. I do find how it all seems to pan out most fascinating though.
p.s. not all of my £46ishk was eligible for this month's draw, having only just put in the last of my RS money
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Post by Ace on May 5, 2021 17:27:19 GMT
... Overall FCSC covered pickings are getting smaller and smaller such that NS&I PB's are well worth it as stash place so far. Not sure whats going to happen when we have filled them up though Marcus is our goto stash for quick access money but it's pretty much useless rates wise. (0.4% as of writing so not that bad relatively i guess!) Chuck it in Loanpad and relax aju , 4% and safe as houses. They're up to 73 loans across 102 tranches now, so some scope for some spreadsheet action
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aju
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Post by aju on May 6, 2021 16:30:29 GMT
So i was in conversation with NS&I via twitter today, Mrs aju did not get her email to tell her she had won yesterday but got the relend secure message. Apparently their emails can be delayed quite a few days but that's never been my experience so far. Anyway I just queried how cashing in the bonds in the order i wanted was possible - selling via the account seems to just take the oldest bonds first. There is a way to request the withdrawal by using bond numbers but it requires a specific form. So here is a link to the form they gave me if anyone wants to try it. It does not require you to be logged in but it does need quite a bit of info. forms.nsandi.com/gateway/online-forms/index#/form/withdraw-premium-bonds-myselfit can be accessed via this page of useful help items www.nsandi.com/downloads-and-forms There is a section on Premium Bond forms etc. One issue Mrs Aju has is that you have to list the start block of a given number of bonds and in Mrs Aju's case she has quite a few of them not sure how many blocks you can select. Might actually be easier to just withdraw the lot and add the full block all as one when we get our other funds come back in a week or 2. Whilst we have 12 different blocks of bonds only the largest and earliest one has born fruit so far.
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coogaruk
Hello everyone! Anyone remember me?
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Post by coogaruk on May 6, 2021 16:52:28 GMT
I'm not sure why it would bother me which Bond No.s are cashed in if and when I decide it's time to withdraw some, as every unique Bond No. has an equal chance of winning a prize, be that £25 or £1m.
aju, I appreciate that you presently have your own reasons at the moment for not 100% believing that to be true
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aju
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Post by aju on May 6, 2021 18:15:47 GMT
I'm not sure why it would bother me which Bond No.s are cashed in if and when I decide it's time to withdraw some, as every unique Bond No. has an equal chance of winning a prize, be that £25 or £1m. aju , I appreciate that you presently have your own reasons at the moment for not 100% believing that to be true I'm sort of with you on the "every bond is equal" idea/rule but I just wondered if it might be an interesting approach to have them all in a single block. My brother has always sworn by PB's for as long as i can remember and always seems to get a sniff most months on the single full quota block. I was always anti when external rates were very much better than they are currently. My brain is very split as to if it makes no difference and i might try a full block with myself that's coming down the line soon with our current other savings coming to roost over the next few weeks. As we have until the last day of the month to invest to catch the July tranches then it may better to initially move all i can into a new one, mine!. I'll probably move the rest into Mrs Aju's at the same time and see what bears fruit. (I'm sure i'm wrong but hey nothing ventured nothing gained) I must admit also since Ace 's comment on loanpad i'm very tempted to have small punt initially to get a feel for it. I spent most of the morning on 4thway reading reviews and whilst they are quite old for loanpad (2018) they did still seem to have a good outlook on it. Their review of Zopa does sort of chime with me too - lack of useful data being a primary reason for them not even giving it a rating anymore!. Mind you as we come out the lockdowns i'm sure Mrs aju will have other ideas of how to relieve us of funds.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Nov 3, 2022 15:09:36 GMT
There's nothing like reviving an old thread just for the hell of it
It seems my strategy of feeding my RS IFISA money into PBs during my wind down period was a good one. They continue to perform well - especially since maxed out - and this month one of my bonds won £100, my first ever individual prize bigger than the £25 minimum!
The direction and speed at which interest rates are moving these days I wouldn't be surprised to see my annual PB returns eventually overtake those of my previous RS ones. It's a funny old world (except for those having to choose between heating or eating of course).
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Post by overthehill on Nov 3, 2022 15:33:37 GMT
There's nothing like reviving an old thread just for the hell of it
It seems my strategy of feeding my RS IFISA money into PBs during my wind down period was a good one. They continue to perform well - especially since maxed out - and this month one of my bonds won £100, my first ever individual prize bigger than the £25 minimum!
The direction and speed at which interest rates are moving these days I wouldn't be surprised to see my annual PB returns eventually overtake those of my previous RS ones. It's a funny old world (except for those having to choose between heating or eating of course).
The median return for PBs is currently 2% with average luck and > 10k invested.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Nov 5, 2022 14:55:50 GMT
There's nothing like reviving an old thread just for the hell of it
It seems my strategy of feeding my RS IFISA money into PBs during my wind down period was a good one. They continue to perform well - especially since maxed out - and this month one of my bonds won £100, my first ever individual prize bigger than the £25 minimum!
The direction and speed at which interest rates are moving these days I wouldn't be surprised to see my annual PB returns eventually overtake those of my previous RS ones. It's a funny old world (except for those having to choose between heating or eating of course).
The median return for PBs is currently 2% with average luck and > 10k invested.
Oh I think you'd need much nearer the 50k maximum to achieve close to that and by eventually I meant sometime next year when I expect the BoE BR to exceed 5% (I think my RS return was around the 4.5% mark)
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Post by df on Nov 5, 2022 15:25:14 GMT
The median return for PBs is currently 2% with average luck and > 10k invested.
Oh I think you'd need much nearer the 50k maximum to achieve close to that and by eventually I meant sometime next year when I expect the BoE BR to exceed 5% (I think my RS return was around the 4.5% mark) I've ended up with 7.13% XIRR. Yes, it is quite likely that we will see BoE rates going up to 5%+ next year. Some banks are already offering 5%+ on small amounts.
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