Bonus Bonds disappearing

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Forums › Finance and wealth management › Bonus Bonds disappearing

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neb

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#2559640 7-Sep-2020 13:46

deltadelta: Good. I could never understand why Bonus Bonds weren't thought of as a form of gambling.

It was gambling. It was the only thing you could do outside of the TAB, which was Bad because that really was gambling, until Lotto came along.

nzkiwiman

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#2559679 7-Sep-2020 15:32

I put in a request to withdraw my bonds after the September draw; got the funds on the 4th

I think I started with $1000 around 1990 thanks to my mother; I reinvested all the winnings and ended up with $1465. I was really hoping to get to $1500..

I am not going to try and think about what a "poor investment" it was ...

wellygary

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#2559684 7-Sep-2020 15:38

nzkiwiman:

I put in a request to withdraw my bonds after the September draw; got the funds on the 4th

I think I started with $1000 around 1990 thanks to my mother; I reinvested all the winnings and ended up with $1465. I was really hoping to get to $1500..

I am not going to try and think about what a "poor investment" it was ...

I can help you with that, and its not a nice answer....

"A basket of goods and services that cost $1.00 in quarter 1 of 1990 would have cost $1.82 in quarter 2 of 2020"

https://www.rbnz.govt.nz/monetary-policy/inflation-calculator

Handsomedan

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#2559685 7-Sep-2020 15:41

neb:
deltadelta: Good. I could never understand why Bonus Bonds weren't thought of as a form of gambling.
It was gambling. It was the only thing you could do outside of the TAB, which was Bad because that really was gambling, until Lotto came along.

I remember Bonus Bonds were thought of as a form of investment, while the Golden Kiwi was the only non-TAB gambling vice for the average Kiwi household back in the day...

Handsome Dan Has Spoken.
Handsome Dan needs to stop adding three dots to every sentence...

Handsome Dan does not currently have a side hustle as the mascot for Yale

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Eva888

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#2593812 30-Oct-2020 09:31

Reminder... today is last day to cash out bonus bonds. Another job left till the last minute.

decibel

317 posts

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#2684501 31-Mar-2021 09:31

It looks like holding on was the wise thing to do - better return rate than in a bank -

https://www.stuff.co.nz/business/124684397/bonus-bond-investors-who-held-on-will-get-110-for-each-1-bond

invisibleman18

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#2684810 31-Mar-2021 14:55

So the $20 my parents got for me in 1993 turns into $22 in 2021. Still, better the $2 be in my pocket I suppose.

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Rikkitic

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#2684899 31-Mar-2021 16:57

I actually haven't done too badly. I had enough invested that I won $20 most months and the extra payout will cover some of the rest. I doubt I would have done much better with bank interest.

Plesse igmore amd axxept applogies in adbance fir anu typos

decibel

317 posts

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#2832846 15-Dec-2021 13:40

Got my refund into the bank today:- 10 % return, tax free.

Not as good as the annual return on an investment in residential housing but then there were not many houses for $10,020 back in 2020.

Rikkitic

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#2832898 15-Dec-2021 15:28

Yup. Me too.

Plesse igmore amd axxept applogies in adbance fir anu typos

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