Is it Safe to Invest in Premium Bonds? Insights from Martin Lewis on This Morning

Martin Lewis gives some financial advice to viewers....(read more)

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Martin Lewis: Are Premium Bonds Safe? | This Morning Martin Lewis, a renowned financial expert, recently appeared on the popular TV show "This Morning" to discuss a topic that concerns many savers: Are Premium Bonds safe? Premium Bonds have long been a favorite savings option for Britons, offering a chance to win a tax-free cash prize every month. However, their safety is a topic that remains highly debated. During the show, Lewis provided some valuable insights into Premium Bonds, shedding light on the safety concerns surrounding them. He stated that, unlike a regular savings account, which offers a guaranteed interest rate, Premium Bonds do not provide any form of interest. Instead, the interest earned is given back to bondholders in the form of prizes, creating a lottery-like experience. Lewis reminds viewers that Premium Bonds are issued by the UK government's savings institution, National Savings and Investments (NS&I). This means that they are backed by the UK government, which is considered one of the safest entities to invest in. The government ensures that NS&I remains financially secure, making it highly unlikely for bondholders to lose their money. However, Lewis emphasizes that while the principle invested in Premium Bonds is safe, the returns are not guaranteed. It's essential for investors to understand that they may not win anything at all. The chances of winning a prize are determined by an interest rate that NS&I sets, which currently stands at 1%. This means that for every £100 invested, the average return would be £1 per year. While some may win significant amounts, others may not win anything. Lewis emphasizes that Premium Bonds can be an exciting way to save money, particularly for those who enjoy participating in the monthly prize draw. However, he advises against treating them as a reliable investment option, stating that "They're not savings, they're gambling." To further address the safety concerns, Lewis also points out that NS&I is entirely backed by the UK government's Treasury, which means that there's no cap on the amount of money protected. This provides savers with a sense of security, even if they have a substantial amount invested in Premium Bonds. In summary, Martin Lewis's appearance on "This Morning" shed light on the safety of Premium Bonds. While the bonds themselves are considered safe as they are backed by the UK government, the returns are not guaranteed. Premium Bonds should, therefore, be seen as a fun and potentially rewarding saving option rather than a reliable investment strategy. https://inflationprotection.org/is-it-safe-to-invest-in-premium-bonds-insights-from-martin-lewis-on-this-morning/?feed_id=139294&_unique_id=65106bb817b58 #Inflation #Retirement #GoldIRA #Wealth #Investing #BreakfastTelevision #chatshow #HollyWilloughby #itv #PhillipSchofield #TalkShow #ThisMorning #TIPSBonds #BreakfastTelevision #chatshow #HollyWilloughby #itv #PhillipSchofield #TalkShow #ThisMorning

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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