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Bonus bonds Updated: 07 Aug 2009

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Ahead of the game Posted by: Delwyn Sinclair 30 Aug 2009 8:49pm

I have a $1 bond my mother gave me when it first started, 1970, it has won nothing. I joined bonus bonds 1 year ago, on a promotion that got me $20 worth of bonus bonds for my $100. I have since won $20. So far so good.

Out of date Posted by: Warren Finch 29 Aug 2009 9:07am

My experince sine the 1970 purcahse of sum $50 worth (worth $693 in Infalation adjusted terms) has been big fat 0.
Their advert on TV reflects the out of date organisation they are. 1970 Morris delivery in sacks from old Govt servants, from an IBM Bipix.
They don't even have a web site that you can self check the Bond numbers.
Its 21st centry and Lotto is far more atractive to Joe Public.

Nuts Posted by: Kenneth Sloss 28 Aug 2009 11:57am

The managers fees are too high which diminishes the prize pool. You may appear to not lose your money but if you leave it in Bonus Bonds long enough, a large portion of your capital is wiped out by inflation.

So if you want a big prize, buy a Lotto ticket. If you want low risk regular income, put the money in a bank term deposit.

bonus bond win Posted by: Tony Nelson 28 Aug 2009 11:35am

Agree on the odds i purchased a twenty dollar bond in 1970 imagine my excitement just last month i got my return of $20 IT TOOK 39 years HMMM

lottery or tax Posted by: ~Catherine 27 Aug 2009 9:09am

The Govt takes 39% of the credit interest I earn for being a good kiwi and saving for my retirement. To offset this, I started buying bonus bonds a couple of years ago. Although they are not an "earning investment", I'll continue with the diversification of my savings portfolio by having some in bonus bonds. And who know's, one day I might get a nice lottery prize to top it up even further.

You can't beat the odds Posted by: Mia's Dad 27 Aug 2009 7:22am

I have had bonds for a couple of years now. I have about $10,000 and usually win something every month which goes along with the predicted odds.I reckon I get a yield of about 3% and that's tax free. Also like the fact that I can get my money back easily. And I might win a million (maybe)

Reply 1: Posted by: Ryan Hutton 20 Sep 2009 5:28pm

good for you,is that a lump sum investment bond? Some say having large amounts say 1-5 grand brought at different times increases chances?

It"s a real lottery! Posted by: Mike Hannan 27 Aug 2009 12:59am

I've had $10 in Bonus Bonds since the start in 1970 and won $25 in the first couple of years. I bought a further $60 in 1981 and have won nothing more.
That's $25 in 39 years!
A friend had over $200,000 in Bonus Bonds for 12 months and was winning something most months ($50-$200) but nowhere near what she would have got from a term deposit (over $1,000 a month)