Why Irish Prize Bonds are a Fools Game

Who knew Prize Bonds were still a thing? The last time I remember hearing about a prize bond was about 15 years ago when my Father was frantically rummaging in the attic to see if he could find his certificates to see if he had won anything in the last few decades of holding on to them.

Well you might be surprised to know that Irish people have have over 4 billion euros invested in Prize Bonds according to the latest NTMA (National Treasury Management Agency) Annual Report which was for the year 2020. No doubt it has grown again significantly in 2021.