Money, investing, mutuals etc
-
planteria
- Posts: 6542
- Joined: Tue Nov 23 2010 4:52pm
- Location: England
- Has thanked: 786 times
- Been thanked: 1786 times
-
Contact:
Post
by planteria » Sun Nov 17 2019 3:58pm
we have some Premium Bonds and we're potentially looking at cashing some in, prior to the end of the year, and then reinvesting in the new year.
i've been looking on the NS&I site, and it doesn't seem entirely clear.. would it be best to leave the bonds in place until we're into December, and then reinvest in January? i think if we do that we'll miss both the December and January draws - does that seem right?
-
Richard Frost
- Posts: 13544
- Joined: Tue Jun 29 2010 8:14pm
- Location: Eastbourne
- Has thanked: 2909 times
- Been thanked: 6949 times
Post
by Richard Frost » Sun Nov 17 2019 4:24pm
https://www.nsandi.com/premium-bonds
When do Bonds go into the draw?
Your Bonds become eligible for the draw one full calendar month after you buy them. So when you buy Bonds in November, they’ll be in every draw from January.
So as I read it, if you buy in January they will be in the draw from March. You will miss two months.
The draw is at the beginning of the month so if you cash out in December it will be in the draw for that month.
-
planteria
- Posts: 6542
- Joined: Tue Nov 23 2010 4:52pm
- Location: England
- Has thanked: 786 times
- Been thanked: 1786 times
-
Contact:
Post
by planteria » Sun Nov 17 2019 6:19pm
with you, thank you William.. it's a shame to have to miss out in two draws really.. we'll try to leave as many in place as possible. i need to get hold of some Co-op Savings, for example, in advance.
-
kevinchess1
- Posts: 23770
- Joined: Mon Jun 28 2010 11:02pm
- Location: Miles away from the sea
- Has thanked: 12599 times
- Been thanked: 17167 times
-
Contact:
Post
by kevinchess1 » Sun Nov 17 2019 11:13pm
But why do you want to withdraw them and buy back in?
Politically incorrect since 69
-
BeautifulSunshine
- Posts: 26721
- Joined: Tue Sep 14 2010 8:23pm
- Location: [The Finest City in the World: London]
- Has thanked: 192 times
- Been thanked: 3686 times
-
Contact:
Post
by BeautifulSunshine » Mon Nov 18 2019 7:48am
kevinchess1 wrote: ↑Sun Nov 17 2019 11:13pm
But why do you want to withdraw them and buy back in?
My guess is "need the money".
[imutual Cashback Investment Club]
-
blythburgh
- Posts: 17973
- Joined: Tue Jun 29 2010 7:14pm
- Location: The Far East
- Has thanked: 35576 times
- Been thanked: 6136 times
-
Contact:
Post
by blythburgh » Mon Nov 18 2019 10:44am
AAAlphaThunder wrote: ↑Mon Nov 18 2019 7:48am
kevinchess1 wrote: ↑Sun Nov 17 2019 11:13pm
But why do you want to withdraw them and buy back in?
My guess is "need the money".
My assumption as well but none of my business why you need money short term. But if you do then this is the best way as you are not spending money on interest payments and the odds are you will not win in those two months any significant amount
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
-
rayf
- Posts: 1819
- Joined: Fri Nov 12 2010 8:50pm
- Has thanked: 542 times
- Been thanked: 815 times
-
Contact:
Post
by rayf » Mon Nov 18 2019 12:49pm
blythburgh wrote: ↑Mon Nov 18 2019 10:44am
My assumption as well but none of my business why you need money short term. But if you do then this is the best way as you are not spending money on interest payments and the odds are you will not win in those two months any significant amount
But...if you don't need the money - don't do it. There is no other advantage.

-
planteria
- Posts: 6542
- Joined: Tue Nov 23 2010 4:52pm
- Location: England
- Has thanked: 786 times
- Been thanked: 1786 times
-
Contact:
Post
by planteria » Mon Nov 18 2019 7:54pm
yes, 'need the money' short term. need to repay a loan in December but can re-borrow again in January.
it does seem a shame to miss out on draws for two months when we only need the cash for a few days, but i can't see any way round it, and will work out how little we can get away with cashing in.
-
planteria
- Posts: 6542
- Joined: Tue Nov 23 2010 4:52pm
- Location: England
- Has thanked: 786 times
- Been thanked: 1786 times
-
Contact:
Post
by planteria » Sun Feb 09 2020 10:42am
greater flexibility is positive.
fwiw i didn't cash any in before the year end, after all. as it stands i will cash all of my PBs in during December this year though.
Users browsing this forum: No registered users and 2 guests