I also rate funds and recently started to drip feed into a passive tracker using Vanguard. I've switched it to the Life Strategy 80/20, which is a fund of a different indexes etc, so hopefully a balanced risk. It's returning around 5/6% so far but as with any of these things it can quite easily go down or up.
Plus 1 for vanguard, best choice with low rates, I'm transferring an underperforming rbs fund just now
Big win on the PBs I never get my compensation money and then win small on the Premium Bonds! Fck it all as I am going to London next week. One day in the British Museum and another at the Richmond Theatre
When i lost my parents i inherited quite a large amount of money, my FA advised me to put some of it into Premium Bonds, i did and TBH over the last four years there has only been a couple of months when i haven't had a return on them, but as stated somewhere above its only worth it if you have a substantial amount to invest.
In reality you need around £15-20k in there to get a “regular return” but it’s all based on average luck, you could have 1 bond and win the big one but don’t base your retirement plan on that! I think if you’ve the full allocation of £50k you’ll get £750-£1k a year on average luck. I moved mine into an isa when rates increased as I got a better guaranteed return. And if you’ve a lot of money spread around then obviously your winnings are tax free. with growth forecasts slashed today, another cut in rates, more to follow and recession looming I may chuck a some back into bonds
That's been my recent experience, of course there's always the chance of a big win! I wouldn't put the whole 'nest egg' there, but as part of a spread it made sense to me. NS&I did publish some very nice one year fixed bonds in 2023 with a return of 6.2%, they sold very quickly.
Interesting and useful comments. I have about three or four thousand in PBs. And I just like moaning! To be fair, I just put in this amount (it was smaller, but I've set it to reinvest winnings) as a safe bet with no great expectation of ever winning big - and Ducati would be he only people to benefit out of it, anyway
Don't put it into isa or something like that. Either simply leave it in the bank or actually invest. With that, I'd probably put it one something easy like the S&P 500. But then you begin to think, why not invest it into a skill or tool, something that will provide actual value rather than just growth.
My shares experience was crappo city. The idea was to put the settlement in a trust for somebody else to look after for me. I just don't want hassle, but then this High Court judge waded in. Now I find it healthy to not think about it. I wanted to leave a nice inheritance and this can be it. If I am dead then the crazy judge won't be much longer for this world either!
