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€25k invested in prize bonds

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Comments

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    #2402
    Sligo Quay
    Registered Users Posts: 733 ✭✭✭Sligo Quay


    Yawn nothing today, last win 11th September €50.


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    #2403
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    Another 50 here today,,, Things are looking up...


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    #2404
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    Nothing today.:(


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    #2405
    Taylor365
    Registered Users Posts: 2,994 ✭✭✭Taylor365


    Well, I've finally had a winner!

    Of course, it would be on the lump sum i last bought.


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    #2406
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    greenbamboo wrote: »
    Hi all, Was just wondering what your thoughts would be. I have 90 grand that is just coming out of a 3 year savings bond with the state savings. Should I just reinvest for another 3 years at 2.5% in the bonds or put it all into the prize bonds for 3 years for the chance to win something bigger maybe. I would greatly appreciate your thoughts.

    Generally short term bonds when interest rates are rising often a higher return, as the interest rates are upped every time you reinvest. Although I cant see interest rates rising in eurozone in the next 3 years. So a 3 year bond is fine. But anything longer I think is a poor decision


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    #2407
    pbwinner
    Registered Users Posts: 825 ✭✭✭pbwinner


    Winnings on 4 December 2015: €50
    Last win 02 October 2015: €50
    Total winnings since Feb 2011 on €25k: €2050


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    #2408
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    Nothing today .... again :(


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    #2409
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    Nothing here either,,and checked my annual return during the week..
    A very dissapointing 0.65% return... not impressed:(


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    #2410
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    0.68% here :(


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    #2411
    Sligo Quay
    Registered Users Posts: 733 ✭✭✭Sligo Quay


    Sligo Quay wrote: »
    Yawn nothing today, last win 11th September €50.
    Just quoting meself, saves me typing. Crushing disappointment today, thought there might be an early Christmas present, no such luck.


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    #2412
    FoolsGold1
    Registered Users Posts: 289 ✭✭FoolsGold1


    Nothing today.
    Last win 1 x €100 on 27 Nov.


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    #2413
    Taylor365
    Registered Users Posts: 2,994 ✭✭✭Taylor365


    tuisginideach wrote: »
    0.68% here :(
    Still beating the avg 1% lump sump account! (After tax)


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    #2414
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    Taylor365 wrote: »
    Still beating the avg 1% lump sump account! (After tax)

    That has cheered me up! Thanks! :)


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    #2415
    honey12345
    Registered Users Posts: 213 ✭✭honey12345


    No win!


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    #2416
    Negative_G
    Registered Users Posts: 1,345 ✭✭✭Negative_G


    Negative_G wrote: »
    Another €50 win today.

    Last win was October 2nd.

    Winnings from Feb 2015 on €50k - €350

    Another €50 today.

    Last win - 4th Dec.

    Winnings on 50k since Feb '15 - €400


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    #2417
    Mary63
    Closed Accounts Posts: 801 ✭✭✭Mary63


    My OH put maybe fifty thousand euros into prize bonds and he has been getting fifty euro cheques regularly,he got one for a hundred euros yesterday.


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    #2418
    pbwinner
    Registered Users Posts: 825 ✭✭✭pbwinner


    Winnings on 18 December 2015: €0
    Last win 4 December 2015: €50
    Total winnings since Feb 2011 on €25k: €2050


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    #2419
    Sligo Quay
    Registered Users Posts: 733 ✭✭✭Sligo Quay


    Nothing today, last win 11th September €50.


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    #2420
    carrickbawn
    Registered Users Posts: 292 ✭✭carrickbawn


    50 here today,I presume that the draw will be on Thurs next week..
    Heres hoping that Santa is in a generous mood...
    Happy Christmas to all my fellow hopefuls on here and wishing you all a happy and "lucky" 2016...:D


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    #2421
    death1234567
    Registered Users Posts: 3,333 ✭✭✭death1234567


    pbwinner wrote: »
    Winnings on 18 December 2015: €0
    Last win 4 December 2015: €50
    Total winnings since Feb 2011 on €25k: €2050
    Roughly a 2% return on your investment, per year, over ~4 years. Not too bad considering that the capital is guaranteed and you can withdraw them at any time. A savings account with a bank would probably have returned slightly less over the same time depending on the bank.

    Conclusion, prize bonds are much the same as a bank savings account in times of low interest rates however you do have a very low chance of getting a significant return on your investment.


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    #2422
    PaddyWilliams
    Registered Users Posts: 1,121 ✭✭✭PaddyWilliams


    Hope to be coming in to some cash in the next few months myself. Would €2k be a reasonable amount to invest in prize bonds, in your opinions?


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    #2423
    Taylor365
    Registered Users Posts: 2,994 ✭✭✭Taylor365


    PaddyWilliams wrote: »
    Hope to be coming in to some cash in the next few months myself. Would €2k be a reasonable amount to invest in prize bonds, in your opinions?
    No.

    Went from 0 to 4k over 2 years without a win.


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    #2424
    PaddyWilliams
    Registered Users Posts: 1,121 ✭✭✭PaddyWilliams


    Ouch, thanks


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    #2425
    Agent Smyth
    Registered Users Posts: 714 ✭✭✭Agent Smyth


    PaddyWilliams wrote: »
    Hope to be coming in to some cash in the next few months myself. Would €2k be a reasonable amount to invest in prize bonds, in your opinions?

    IMO 2K would not be a good investment if you are looking to get a return, the last time I checked 2K would generate 1 win in 3 years.
    Over the year my winnings have mainly come from the big sized batches I have.
    Of course it's a game of luck and who's to say you wont win big with 2K


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    #2426
    honey12345
    Registered Users Posts: 213 ✭✭honey12345


    50 euro win today, Yay!
    150 euro in total won on 30k since April.
    No win on 10k in since June or July there about


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    #2427
    tuisginideach
    Registered Users Posts: 2,066 ✭✭✭tuisginideach


    €50 today :)

    Next ones are 23rd and 4th.


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    #2428
    snoopy12
    Registered Users Posts: 187 ✭✭snoopy12


    Am i correct in thinking that it is better to have a bulk purchase rather than a smattering of smaller denominations?


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    #2429
    _Tombstone_
    Closed Accounts Posts: 3,006 ✭✭✭_Tombstone_


    snoopy12 wrote: »
    Am i correct in thinking that it is better to have a bulk purchase rather than a smattering of smaller denominations?

    No, its all luck.


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    #2430
    snoopy12
    Registered Users Posts: 187 ✭✭snoopy12


    wishfull thinking so! :D


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    #2431
    honey12345
    Registered Users Posts: 213 ✭✭honey12345


    snoopy12 wrote: »
    Am i correct in thinking that it is better to have a bulk purchase rather than a smattering of smaller denominations?

    You are 100% correct the bigger the batch of bonds the higher the chance. I have 30k in one batch i won 3 times.. I have 10k won nothing. I also save 50 euro with them once a month and won nothing on that either. I would be better putting them all into one batch of bonds. I am talking facts now.


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