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UK article Forget Premium Bonds! I'd prefer my chances with this FTSE 250 stock
Forget Premium Bonds! I'd prefer my chances with this FTSE 250 stock Motley Fool UK It's easy to see why Premium Bonds pull in so many investors. A chance to win a tax-free £1m certainly grabs your attention, especially when it seems .
Ah, duh??????????????? U.K. Premium/tax free bonds and a company whose business is: "Games Workshop is the largest and the most successful tabletop fantasy and futuristic battle-games company in the world." What am I/we supposed to do with this information?
How do you decide what you feel is of investment value to post here, @johnN?
Also awaiting a reply to a similar question from yesterday (Dec. 9).
Note: I saw a story on Bloomberg yesterday regarding an investment area/outlook in Romania; but this isn't of value to post the story here.
To me, a premium bond is a bond selling above face value. Often a good investment as some investors are loathe to pay a premium for what would yield at least as much as a par bond.
However, it seems that in the UK premium bonds are glorified lottery tickets. Instead of getting interest on the bond, you get entered into lotteries.
So I agree with the headline, at least in part. Forget about UK lotteries. If you want to play a lottery, at least toss your money toward a US state lottery where the proceeds often fund education (however inefficiently): "Lottery revenues are allocated differently in each state, with determinations made by state legislatures. In many states, the money goes to public education, but some states dedicate it to other good causes."
Besides, I suspect Uncle Sam will have something different to say about those supposedly "tax-free £1m" prizes. And after all is said and done, is a lottery ticket, UK or otherwise, something that anyone here really cares about?
Comments
Ah, duh??????????????? U.K. Premium/tax free bonds and a company whose business is: "Games Workshop is the largest and the most successful tabletop fantasy and futuristic battle-games company in the world."
What am I/we supposed to do with this information?
How do you decide what you feel is of investment value to post here, @johnN?
Also awaiting a reply to a similar question from yesterday (Dec. 9).
Note: I saw a story on Bloomberg yesterday regarding an investment area/outlook in Romania; but this isn't of value to post the story here.
However, it seems that in the UK premium bonds are glorified lottery tickets. Instead of getting interest on the bond, you get entered into lotteries.
So I agree with the headline, at least in part. Forget about UK lotteries. If you want to play a lottery, at least toss your money toward a US state lottery where the proceeds often fund education (however inefficiently): "Lottery revenues are allocated differently in each state, with determinations made by state legislatures. In many states, the money goes to public education, but some states dedicate it to other good causes."
https://abcnews.go.com/US/mega-millions-lottery-lottery-money-states/story?id=58661412
Besides, I suspect Uncle Sam will have something different to say about those supposedly "tax-free £1m" prizes. And after all is said and done, is a lottery ticket, UK or otherwise, something that anyone here really cares about?