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Comments on: Premium Bonds http://simplepound.meewella.com/premium-bonds.php A trip down personal finance lane. Wed, 08 Feb 2012 00:16:57 +0000 http://wordpress.org/?v=2.5 By: |[P]| http://simplepound.meewella.com/premium-bonds.php#comment-305 |[P]| Sat, 16 Feb 2008 09:46:09 +0000 http://simplepound.meewella.com/premium-bonds.php#comment-305 <p>I recently had the interesting experience of the being in the same room as a very intelligent trainee lawyer with a maths degree when the way premium bonds work was explained to her. She was utterly shocked because, it turned out, she had a considerable sum "invested" in them and no idea how they operated.</p> <p>Of course it worries me that anyone holds investments that they don't understand, but this clearly means premium bonds are not being communicated properly to the public, particular given their euphemistic misnomer. I have always steered well clear of them and I don't see that changing. And I'm willing to gamble the odd £1 on a cheeky lottery ticket…</p> I recently had the interesting experience of the being in the same room as a very intelligent trainee lawyer with a maths degree when the way premium bonds work was explained to her. She was utterly shocked because, it turned out, she had a considerable sum “invested” in them and no idea how they operated.

Of course it worries me that anyone holds investments that they don’t understand, but this clearly means premium bonds are not being communicated properly to the public, particular given their euphemistic misnomer. I have always steered well clear of them and I don’t see that changing. And I’m willing to gamble the odd £1 on a cheeky lottery ticket…

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