waverider
Salty Tech Monster Bod
- My Satellite Setup
- Protek 9750 HD IP, Spiderbox 9000HD. Cryptik Digital H-H Mount with1.2m Oval Dish and a box in the garage consisting of 2 obsolete STBs, various Cards and a couple of cams!
- My Location
- South East England
I would like to think that most of us have hard earned savings of some kind, Today I went to my Building Society to update my monthly paid interest account, after the print out in my book I was getting a measly £19.50 per month after tax!. Yes I know that interest rates are low but the greedy lenders still rake in fortunes from their loans with our money that they lend.
I work hard like most of us, save, pay into a private pension and do the Lottery every week, I also dabble a little on the stock market. Yesterday I was talking to one of my customers and the subject of the Premium Bonds come up, He told me that every so often when he has some money saved he buys a bond certificate i.e. the last amount was £500.00 = 500 Premium Bonds prior to that was £100.00, to date he has invested a fat chunk by doing this over the years. He claims that he receives about 7 wins a year on average from the monthly draws and last years prize income came to the total of around £1,200.00 which is not bad at all!. Two years prior I knew a Fireman whom had a similar story to tell!.
So breaking this down, If things take a dive or I make a wrong decision I could blow me money on the stock market, Private pension schemes have taken a hammering but are on the up and index linked so we don't really know what to expect when we retire. If say £10,000 was in a Building Society the interest for a year would be around £300.00 and not keeping ahead with inflation. £10,000 in Premium Bonds means no interest BUT could win the Million or cash prizes. And every time you bet on the UK lottery if you dont win you lose the money forever!
I work hard like most of us, save, pay into a private pension and do the Lottery every week, I also dabble a little on the stock market. Yesterday I was talking to one of my customers and the subject of the Premium Bonds come up, He told me that every so often when he has some money saved he buys a bond certificate i.e. the last amount was £500.00 = 500 Premium Bonds prior to that was £100.00, to date he has invested a fat chunk by doing this over the years. He claims that he receives about 7 wins a year on average from the monthly draws and last years prize income came to the total of around £1,200.00 which is not bad at all!. Two years prior I knew a Fireman whom had a similar story to tell!.
So breaking this down, If things take a dive or I make a wrong decision I could blow me money on the stock market, Private pension schemes have taken a hammering but are on the up and index linked so we don't really know what to expect when we retire. If say £10,000 was in a Building Society the interest for a year would be around £300.00 and not keeping ahead with inflation. £10,000 in Premium Bonds means no interest BUT could win the Million or cash prizes. And every time you bet on the UK lottery if you dont win you lose the money forever!
