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.

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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...

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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

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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.

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

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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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