€25k invested in prize bonds

Agent Smyth

TiGeR KiNgS wrote: »

Not versus prize bond returns

One last question seeing as your so knowledgeable and informative about the S&P 500.

Is there a discussion forum/thread for the S&P 500, where the investors meet up at least once a week to discuss their ongoing investment, if it could be called that and occasionally ignore other investment discussions that totally miss the point of what the OP actual started the thread for ??

TiGeR KiNgS

Agent Smyth wrote: »

One last question seeing as your so knowledgeable and informative about the S&P 500.

Is there a discussion forum/thread for the S&P 500, where the investors meet up at least once a week to discuss their ongoing investment, if it could be called that and occasionally ignore other investment discussions that totally miss the point of what the OP actual started the thread for ??

Very first post from 2011;
''Purpose of this thread is to give some indication of the success rate of PBs for the ordinary punter as I assume €25k is large amount to invest in one go.

Planning to keep it in there for a year or so.''

Agent Smyth

TiGeR KiNgS wrote: »

Very first post from 2011;
''Purpose of this thread is to give some indication of the success rate of PBs for the ordinary punter as I assume €25k is large amount to invest in one go.

Planning to keep it in there for a year or so.''

Exactly, The success rate of PBs not the S&P 500

TiGeR KiNgS

Agent Smyth wrote: »

Exactly, The success rate of PBs not the S&P 500

over the course of one year or so. Its been 5.

Agent Smyth

TiGeR KiNgS wrote: »

over the course of one year or so. Its been 5.

1 year, 5 years, 10 years, what difference does it make !!!

TiGeR KiNgS

Agent Smyth wrote: »

1 year, 5 years, 10 years, what difference does it make !!!

2 words.
Compound Growth.

Agent Smyth

TiGeR KiNgS wrote: »

2 words.
Compound Growth.

Your still missing the point !!

Negative_G

TiGeR KiNgS wrote: »

2 words.
Compound Growth.

Two more words.

Nobody cares.

TiGeR KiNgS

Negative_G wrote: »

Two more words.

Nobody cares.

Ah yes the response I was 'expecting'. Toys out of the pram.

honey12345

30k prize bond in since April 2015
Total winnings 500 euro.

Negative_G

TiGeR KiNgS wrote: »

Ah yes the response I was 'expecting'. Toys out of the pram.

No toys out of the pram. Just complete indifference.

Thanks for the input all the same.

tuisginideach

It got worse and worse for me as the year progressed ...:(:(:(:(

Hope we all have better luck in 2017

Sligo Quay

€50euro today on 20k batch, last win on 20k batch 22nd July 2016.
Nothing on 30k batch, last win on 30k batch 2nd December 2016.

Today a lucky bond holder from Galway won the million, an ABF bond, purchased in the last year.

Cork Lass

Nothing for us since 9th December. Well done to the winners, hope we all have good luck in 2017.

50euro today, nice end to the year.
150 since 25th October on 100,000

Cork Lass

Cork Lass wrote: »

Nothing for us since 9th December. Well done to the winners, hope we all have good luck in 2017.

Actually won 2 x €50 in last Fridays draw. It didn't show up when I checked but it's there now. Happy days

Taylor365

Ordered prizebonds 3 weeks ago and still yet to receive them.

Fantastic.

paulers06

Taylor365 wrote: »

Ordered prizebonds 3 weeks ago and still yet to receive them.

Fantastic.

Ordered some 2 weeks ago so guess I have a long wait in store

mfceiling

bubblypop wrote: »

50euro today, nice end to the year.
150 since 25th October on 100,000

That's a poor return? Surely 100k invested in a savings account would pay more than that?

mfceiling

mfceiling wrote: »

That's a poor return? Surely 100k invested in a savings account would pay more than that?

I only bought them in October. I need to have access to the money at short notice though, so I can't tie it up in any long term savings or investments.

yoppy

mfceiling wrote: »

That's a poor return? Surely 100k invested in a savings account would pay more than that?

Yea, year end seems to work out much the same as the banks for most here who have the larger amounts. Bit of crack with a possible big win though....But I don't believe it's a legit draw at all.

Millionaire raffle pure dodgy aswell new year's, gone off the TV. No faith in draw you can't see.

Lottery is gone to hell since new crowd got it, more expensive to do, harder to win, less to charity, they keep all uncollected prizes - use to put that back in of a bank holiday. Raffle had 150000 extra numbers in it but prizes stayed the same, handy 3 million for them. Daily million hasn't been won in over a year I saw a thread on here saying. Private draw aswell, probably isint even a draw if ya only knew.

AlmightyCushion

mfceiling wrote: »

That's a poor return? Surely 100k invested in a savings account would pay more than that?

It's actually not too bad seeing as it's only been there for 2 months. It works out about €760 a year. Given pricebonds are DIRT free you'd need to be getting about 1.5% on a savings account to make the same money. Saying that, the rate is more volatile. It could easily be the case where he wins nothing for the rest of the year and it ends up being a terrible return or he could win a huge prize and do much better than a savings account.

3 the square

Hi guys quick question how long does it take for prize bond guys to give back ur money if u decide to cash them in ??

pbwinner

3 the square wrote: »

Hi guys quick question how long does it take for prize bond guys to give back ur money if u decide to cash them in ??

There's a waiting period of 90 days after you purchase them. Then it only takes a week or so to get the money.
http://www.statesavings.ie/Downloads/PrizeBondsFAQs.pdf

pbwinner

Winnings on 6th January 2017: 0
Last win 23rd December 2016: 50
Total winnings since Feb 2011 on 25k: 2300

tuisginideach

€50 Thank God for a good start! happy and Prosperous New Year to you all!

Cork Lass

Well done to the winners. Nothing for us this week.

Thargor

€50 for me on 50k, was starting to think they'd forgotten about me. My relationship with PBs is rapidly approaching its end now though.

Lurker1

Post number #3218 wrote:

1 in 300 million oddd of winning a million

...

Read through that article and it has me curious. At this moment in time, how many prize bonds would you need to hold to make the odds of winning the top prize equivalent to the 1 in 8 million chance you have of winning the lotto. To answer this, we would need to know the following:

Are the odds given in the article per draw or per year or what? Assuming it's per draw and 1 bond or lotto ticket is one chance:
The Lotto(only including the main national lottery draw) has a draw twice a week. So you have 2 chances at 1/8,000,000 odds to win every week.

The Prize Bonds draw is every three months (assuming 13 weeks, or 26 half-weeks for this example). Therefore, every week we have 1/13th of a 1/300,000,000 chance every week of winning the top prize.

Weekly odds of winning the top Prize:
Lotto= 2/8,000,000, PB= 1/3,900,000,000

Lotto= 0.25, PB=0.00025641025

Lotto/PB = 975.


So I am assuming I have missed some fundamental maths problem with the above . I have calculated 975 bonds as the magic number if you were to give up the lotto and to save you money in Prize bonds instead, with the same chance of winning the top prize. I am not factoring in the smaller prizes, sharing the lotto, and the fact that the odds of the PB draw changes based on the number of bonds, whereas the lotto odds changes based on the number of balls etc.

Sligo Quay

Nothing this week, last win 30th December 2016 €50 euro on 20k batch.
20k batch purchased August 2015, total wins €350euro.
30k batch purchased June 2016 total wins €100 euro.