It’s been 3 months since my first post about my premium bonds investment, so I thought I would share an honest update on how it’s going.
This website is mainly geared towards Amazon KDP, but once you start making money from self-publishing it’s wise to make that money work for you and to grow.
If you don’t know what premium bonds are, I explain them in my initial post and why I have chosen to use them based on my tax position. See here ▶️ https://getmoneyontheside.com/my-first-premium-bonds-prize-draw/
Now, for my first prize draw in September I got very lucky and received a payment of £375. Currently the expected return is 4.65%, which for my investment would work out to roughly £193.75 per month. So, as you can see £375 was a lovely bonus and more than I was expecting.
I have had three draws since this one. Here are the results of October, November and December.
As you can see, I have been pretty lucky and have managed to beat the expected return of £193.75 every month (So far!)
Now, this is not an indicator of the future and I fully expect that I will get below expected returns in some months, but it is a great start.
Below is visual chart that helps to see my returns against what is to be expected.
The expected return on investment for the year works out to £2,325, based on a 4.65% return.
However, I have already earned half of this amount in the first 4 months which is amazing. My current return is £1,175.
Like I mentioned, I am sure that the earnings will balance out over the year and I will be closer to the 4.65% expected return, but it is nice to see the growth.
This is not investment advice in the slightest, I am just sharing my journey, as I do with my Amazon KDP business.
My goal is total financial/time freedom and this is one investment of many that will hopefully help me reach those goals.
If you found this content interesting, please let me know in the comments and I will continue to share the journey.
Take care,
Ben