On Her Majesty's Personal Services
Oct. 5th, 2007 09:15 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
davywavyThe great thing about Premium Bonds is that they're like the lottery with highly reduced risk; after you've bought them, you get entered into the draw every month at no extra cost and you can get your money back upon request. Over time, chances are you'll make a small but consistent loss. Premium Bonds return at an average of about 2.75%, meaning that against inflation you'll be losing a few percent of your money every year; by comparison, Lottery tickets return an average of 70% but you have to buy a new one every time you want to play meaning that over time your losses will be greater.
Both Premium Bonds and Lottery Ticket have jackpots - the lottery variable and Premium Bonds fixed at a million quid a month, plus lesser jackpots varying from £50 to £100,000, and one of my favourite things about the whole idea of the Premium Bonds is that they have an employeee whose job title is 'Agent Million'. It is Agent Million's job to go round to people's houses and tell them when they've won a big payout, which does strike me as a pretty good job.
Why am I thinking about this today? Because Premium Bonds are drawn at the start of the month and Agent Million traditionally arrives on winners doorsteps on the first Saturday of the month - i.e. tomorrow - and I get to thinking how nice it would be to be awoken in the morning by a beaming official with a fat cheque.
So that's the question of the day - you're awoken tomorrow by a rapping on your door, and answering it you are presented with a cheque for a million quid in your name.
What do you do?
Both Premium Bonds and Lottery Ticket have jackpots - the lottery variable and Premium Bonds fixed at a million quid a month, plus lesser jackpots varying from £50 to £100,000, and one of my favourite things about the whole idea of the Premium Bonds is that they have an employeee whose job title is 'Agent Million'. It is Agent Million's job to go round to people's houses and tell them when they've won a big payout, which does strike me as a pretty good job.
Why am I thinking about this today? Because Premium Bonds are drawn at the start of the month and Agent Million traditionally arrives on winners doorsteps on the first Saturday of the month - i.e. tomorrow - and I get to thinking how nice it would be to be awoken in the morning by a beaming official with a fat cheque.
So that's the question of the day - you're awoken tomorrow by a rapping on your door, and answering it you are presented with a cheque for a million quid in your name.
What do you do?
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Date: 2007-10-05 08:41 am (UTC)Would buy the house I'm in just now, pay off debits, do up Dad's house and take a nice hol in Japan with my family and friends. Also pay for my gran to have a nice cruse with mum to the states.
After a few months off I'd go back to work as an IT type rather than a bored pharmacist because I wouldnt need to worry about rent anymore and could survive on less.