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| Thread ID: 147375 | 2018-11-26 20:24:00 | How to invest ones small savings? | Digby (677) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1456025 | 2018-11-28 21:30:00 | The single best advice I have ever had was to pay off your mortgage as fast as you can. It is amazing how much this can save you! Not only that, but you also become mortgage free much earlier. A sort of reverse compound interest! |
Laggard (17509) | ||
| 1456026 | 2018-11-28 22:48:00 | Some people win big in a lottery too - it doesn't mean putting money into lottery tickets is a good investment option. www.interest.co.nz On average, Bonus Bonds are an incredibly poor investment instrument. That average return for 2017 was 1.39% 2017 inflation was 1.6% (www.interest.co.nz) That means, on average, 'investing' on bonus bonds earned a NEGATIVE real return in 2017. |
Nick G (16709) | ||
| 1456027 | 2018-11-29 03:45:00 | It just so happens that I had a Mate (now dearly departed) who owned a substantial Saw Mill, and as he neared retirement he was made an offer for his Mill by one of NZ's largest building company's . The Mill turned out to be worth a $mill so he had a lot of beer money . Well his Bank Manager was overjoyed, and offered him all sorts of deals none of which overjoyed the Mate . So, much to the disgust of the Bank Manager and other Professional Financial Advisors, he put the lot into Bonus Bonds . You guessed it . First flamin draw he was entitled to sees him take out 1st Prize, plus a heap of minor prizes, so in a little over a month he had over doubled his money . Now this mate was rarely seen dressed in anything other than a Bush Singlet, Shorts, and Work Boots so he took immense pleasure in giving the Bank Manager and Financial Advisors some advice . But isn't it interesting how little money these Bank Managers and Financial Advisors actually have themselves? Most of the University Lecturers, on matters financial, couldn't afford a round of drinks . ;) Thankyou I rest my case And I did read about a guy who has $75,000 in Bonus Bonds and he says that he wins every month and is very happy . |
Digby (677) | ||
| 1456028 | 2018-11-29 03:58:00 | Thankyou I rest my case And I did read about a guy who has $75,000 in Bonus Bonds and he says that he wins every month and is very happy. Don't ask for investment advice if you're too batsh*t thick to understand basic facts and expected returns. |
Nick G (16709) | ||
| 1456029 | 2018-11-29 08:06:00 | wins every month!!! LMFAO | bevy121 (117) | ||
| 1456030 | 2018-11-29 09:31:00 | Why not scrap Bonus Bonds - seems the ANZ bank is being unscrupulous and scabbing of it, possibly of our vulnerable senior citizens - who may be lured into this mug's scheme... | kahawai chaser (3545) | ||
| 1456031 | 2018-11-29 17:43:00 | Don't ask for investment advice if you're too batsh*t thick to understand basic facts and expected returns. Sorry, we got bogged down on Bonus Bonds. I was asking for advice on how to invest if you are on a limited income with small savings. I listed Bank savings accounts Term Deposits Sharemarket Bitcoin etc Bonus Bonds Commercial Property syndicate People have suggested Managed Funds Web Loan sites - eg Harmony Web Shares sites - eg Sharesies So which of all the suggestions do people think is the best to build your investments |
Digby (677) | ||
| 1456032 | 2018-11-29 18:00:00 | The single best advice I have ever had was to pay off your mortgage as fast as you can . It is amazing how much this can save you! Not only that, but you also become mortgage free much earlier . A sort of reverse compound interest! Excellent advice indeed . It never ceases to amaze me the number of people who have never heard of, or seen, an Amortisation Table/Amortisation Spreadsheet, and have no idea how much the property is actually going to cost in total when you add Principal plus Interest, or the savings that can be made . |
B.M. (505) | ||
| 1456033 | 2018-11-29 18:45:00 | Safe: Bank savings accounts Term Deposits Risky: Sharemarket Bitcoin etc Pointless: Bonus Bonds Risky: Commercial Property syndicate OK: Managed Funds Web Loan sites - eg Harmony Risky: Web Shares sites - eg Sharesies |
piroska (17583) | ||
| 1456034 | 2018-11-29 20:58:00 | I have re-ordered your list, which is probably a fairly good assessment Safe: Bank savings accounts Term Deposits OK: Managed Funds Web Loan sites - eg Harmony Risky: Sharemarket Bitcoin etc Commercial Property syndicate Web Shares sites - eg Sharesies Pointless: Bonus Bonds |
Digby (677) | ||
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