poland71 wrote: ↑Thu Jun 24 2021 10:14am
FWIW. Sometimes it's worth having a clear-out and then reinvesting in a new bunch of consecutive numbers. Even though NS&I deny it, saying every bond has an equal chance of winning, it is funny how recently purchased bonds win BIG! It's like ERNIE has forgotten about bonds bought way back in 1956. Take for example one of the recent £1 Million pound winner in May 2021. The Bonds were bought in February this year (2021) so had to sit idle through March as per their rules, in April it didn't win, but wow! the very next month scoops ONE MILLION. It's all a gamble, life's a gamble, do you risk being outside the draw as your investment sits idle for a month. The choice is yours. At least buying a block of bonds now rejiggles ERNIE'S memory that you DO ACTUALLY EXIST!
With respect, I think that's nonsense
There are simply far more recent bonds in issue than there old ones:
- older bonds are more likely to have been cashed in - on death, due to the holder wanting their money out, or having won a prize
- inflation erodes the relative value of older bonds so that the form a smaller proportion of the total.
I would actually say that cashing in and reinvesting the same sum
reduces the likelihood of winning due to the time your holding is ineligible for a prize.