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[Rangie]

Purchased £25,000 pounds worth 12 months ago , total winnings to date £175 so not too bad..😄

[LC0112G]

Vanguard LifeStrategy 60% Equity fund (high risk) up 16.19% in the past 12 months, so £25K would have 'winnings' of £4047.
Vanguard LifeStrategy 20% Equity fund (low risk) up 4.38% in the past 12 months, so £25K would have 'winnings' of £1095.
You've lent the money to the Govt for them to pi55 up the wall in return for 0.7% return.

Inflation has been 3% or so for the past year, so any rate of return less than 3% is effectively losing you money. Premium bonds are a mugs game.

I'm out.

[Rangie]

I ain't greedy & know nothing about stocks & shares got plenty stashed away £175 will pay for a nice evening out.

[Mr Skrunts]

£25K in Yorkshire Building Society would earnt 6.2% P.A. (10 years ago)
Same now might get 0.5% P.A.

How times have changed 

[Rangie]

£25K in Yorkshire Building Society would earnt 6.2% P.A. (10 years ago)
Same now might get 0.5% P.A.

How times have changed 

. 

Yes I know we've both got ISAs up to the limit no debts + our income far exceeds our outgoings don't trust shares know too many who have lost money, so just fancied a gamble & if I want cash it's there for us .

[Doctor Gollum]

I hope for your sake it's nearer the 14% mines at than the sub 1% Premium bonds gave you

[ronnyd]

£25K in Yorkshire Building Society would earnt 6.2% P.A. (10 years ago)
Same now might get 0.5% P.A.

How times have changed 

. 

Yes I know we've both got ISAs up to the limit no debts + our income far exceeds our outgoings don't trust shares know too many who have lost money, so just fancied a gamble & if I want cash it's there for us .

.... and, there's a chance of a big payout. 

[Doctor Gollum]

£20k on lottery tickets would have been a better bet

[Field Marshal Dr. Opti]

I lost a shit load of money with The Wellesley.

I knew there was risk but I still think the fund managers could have done better. It seems they would lend to just about anyone.

Ah well......at least I still have my good looks.

[Rangie]

£25K in Yorkshire Building Society would earnt 6.2% P.A. (10 years ago)
Same now might get 0.5% P.A.

How times have changed 

. 

Yes I know we've both got ISAs up to the limit no debts + our income far exceeds our outgoings don't trust shares know too many who have lost money, so just fancied a gamble & if I want cash it's there for us .

.... and, there's a chance of a big payout. 

. 

Yes that's the gamble , putting another £25,000 in mine which will take me to the maximum holding & wifey is putting £50,000 to open a holding from a recent property sale, as Del Boy used to say " this time next year we could be millionaires" 😄😄😄

[Doctor Gollum]

Or you could by some tyres for the RRS

[LC0112G]

I lost a shit load of money with The Wellesley.

I knew there was risk but I still think the fund managers could have done better. It seems they would lend to just about anyone.

Fund Managers? Wellesley were peer to peer lenders, who morphed into property backed bonds. And then basically have gone bankrupt. It looks like you may get back 44p of every £1 you leant them.

A real fund cannot go 'bankrupt' because it typically buys shares in dozens of publically quoted companies. Some of those companies may go bust, some may go nowhere and some may boom to many times their original value. But the funds value is simply the sum of the shares it owns at any time. For it to go bust the value of all the shares it owns must be zero. If companies like BP, Shell, British Gas etc all suddenly end up with shares of zero value then the world as we know it has ended, so the value of your investments becomes irrelevant - you'll need tins of baked beans and shotgun cartridges.

Lending money to the govt at sub inflation interest rates is stupid IMV. The govt can just print bank notes to give you your money back. The very act of printing the money devalues what your money is really worth. It also inflates share prices, and hence fund prices.

The Lottery and premium bonds are simply a tax on the stupid. Of course you might win the big prize. I'm betting you won't though. £175 may buy you a slap up meal in a good resturaunt. £4000 will buy you a slap up meal in a decent resturaunt every night for a week or more on a world cruise (other ideas of ideal holidays exist).

[Rangie]

LCO 112G , please don't concern yourself about my finances I'm more than happy with our financial position wouldn't take advice from anybody at my age, I've come this far and am sitting pretty.
As for being stupid I think you may be very surprised.

[Field Marshal Dr. Opti]

LCO 112G , please don't concern yourself about my finances I'm more than happy with our financial position wouldn't take advice from anybody at my age, I've come this far and am sitting pretty.
As for being stupid I think you may be very surprised.

I agree.

Premium bonds 'can' give a good return if the investor gets lucky.

Nothing 'stupid' about buying premium bonds as part of a financial package.

Not quite sure what LCO112G is trying to achieve here.

[STEMO]

LCO 112G , please don't concern yourself about my finances I'm more than happy with our financial position wouldn't take advice from anybody at my age, I've come this far and am sitting pretty.
As for being stupid I think you may be very surprised.

You could win enough to go on a holiday somewhere exotic, Mick. Then spend all of your time posting on here while you were there.