Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 
13789 posts

Uber Geek
+1 received by user: 1714


  Reply # 1130072 16-Sep-2014 17:04
Send private message

Bee: I once read an article about Bonus Bonds that stated that if you have $10,000 invested in it the odds are you will win some prize every month...

This is an experiment I intend to try if I ever have a spare $10K...


I know someone who had over $10k in them, and they didn't win every month. I believe the winnings worked out at less than 2% over the year, which is a lot less than you get in the bank. I told them that they maybe better off to put the money into a high interest bank account and buy a lotto ticket each week from the interest, and they would still get some interest left over too.

I have $500 in bonus bonds and last month I won $60, but was the first prize in years.

654 posts

Ultimate Geek
+1 received by user: 140


  Reply # 1130185 16-Sep-2014 19:31
Send private message

mattwnz:
I know someone who had over $10k in them, and they didn't win every month. I believe the winnings worked out at less than 2% over the year, which is a lot less than you get in the bank. I told them that they maybe better off to put the money into a high interest bank account and buy a lotto ticket each week from the interest, and they would still get some interest left over too.

I have $500 in bonus bonds and last month I won $60, but was the first prize in years.


The chance of a winning unit is 1 in 16000-20000, you would generally get 2x as much from the same money in a savings account at 4.35%

 
 
 
 


Try Wrike: fast, easy, and efficient project collaboration software
1889 posts

Uber Geek
+1 received by user: 149


  Reply # 1130642 17-Sep-2014 13:10
Send private message

I put $1000 into Bonus Bonds in 1991 (ok, my parents did)
In the last ... 23 years I have added $365 to my total. 

I keep on telling myself I will pull it out BUT once its out, it is so much easier to spend on 'nothing'



69 posts

Master Geek
+1 received by user: 4


  Reply # 1130668 17-Sep-2014 13:33
Send private message

Definitely not wasting it on Bogus Bonds...

4384 posts

Uber Geek
+1 received by user: 819

Trusted
Lifetime subscriber

  Reply # 1130670 17-Sep-2014 13:42
Send private message

Buy iPhone 6





172 posts

Master Geek
+1 received by user: 49


  Reply # 1130698 17-Sep-2014 14:09
Send private message

nakedmolerat: Buy iPhone 6


Or buy multiple iPhone 6's 1 week before release http://www.geekzone.co.nz/forums.asp?forumid=76&topicid=152138

13789 posts

Uber Geek
+1 received by user: 1714


  Reply # 1130702 17-Sep-2014 14:12
Send private message

loceff13:
mattwnz:
I know someone who had over $10k in them, and they didn't win every month. I believe the winnings worked out at less than 2% over the year, which is a lot less than you get in the bank. I told them that they maybe better off to put the money into a high interest bank account and buy a lotto ticket each week from the interest, and they would still get some interest left over too.

I have $500 in bonus bonds and last month I won $60, but was the first prize in years.


The chance of a winning unit is 1 in 16000-20000, you would generally get 2x as much from the same money in a savings account at 4.35%


It was about 2.5% in 2012 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10834647  . However I beleive when interest rates are lower the amount of prizes also decreases.

1874 posts

Uber Geek
+1 received by user: 83

Trusted

  Reply # 1130738 17-Sep-2014 14:57
Send private message

10k is a hell of a deposit on a >2010 wrx STI. If it was myself that's what id be doing wink (only because that's my actual intentions and im not quite that far along in my savings cry)

Of course this probably doesn't appeal, so go on a decent holiday and broaden your horizions, you only live once.

1 | 2 | 3 | 4 
View this topic in a long page with up to 500 replies per page Create new topic



Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Amazon launches the International Shopping Experience in the Amazon Shopping App
Posted 19-Apr-2018 08:38


Spark New Zealand and TVNZ to bring coverage of Rugby World Cup 2019
Posted 16-Apr-2018 06:55


How Google can seize Microsoft Office crown
Posted 14-Apr-2018 11:08


How back office transformation drives IRD efficiency
Posted 12-Apr-2018 21:15


iPod laws in a smartphone world: will we ever get copyright right?
Posted 12-Apr-2018 21:13


Lightbox service using big data and analytics to learn more about customers
Posted 9-Apr-2018 12:11


111 mobile caller location extended to iOS
Posted 6-Apr-2018 13:50


Huawei announces the HUAWEI P20 series
Posted 29-Mar-2018 11:41


Symantec Internet Security Threat Report shows increased endpoint technology risks
Posted 26-Mar-2018 18:29


Spark switches on long-range IoT network across New Zealand
Posted 26-Mar-2018 18:22


Stuff Pix enters streaming video market
Posted 21-Mar-2018 09:18


Windows no longer Microsoft’s main focus
Posted 13-Mar-2018 07:47


Why phone makers are obsessed with cameras
Posted 11-Mar-2018 12:25


New Zealand Adopts International Open Data Charter
Posted 3-Mar-2018 12:48


Shipments tumble as NZ phone upgrades slow
Posted 2-Mar-2018 11:48



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.