I found out today, that my investment in Bonus Bonds I made when I was 13 has had a annualized compounding yield of 9% over all these years.
That’s pretty good performance. If only I had the vision to have invested more!
I was expecting zero growth, and the ANZ bank teller pointed out that at least I still had the original investment, and I pointed out that at 3% inflation the original $5 was worth $2.82 or should be valued at $8.84 to have held it’s buying power.
But wait in August 2006 I won $20.
I know, I’m going to have to start some lists. Plan how I spend the unforeseen windfall.
I might even get some independent investment advice.
I feel almost compelled to diversify my investment portfolio…
I think I need a tax free haven with low risk and high yield, any idea’s people?
Or maybe just leave stay in-to-win with a 25 in 2,000,000,000 chance of winning the $1 Million every month!
Hmm, just found that for each unit, you have a 1 in 16,000 chance of winning something a month, thus my original $5 should have won once every 266 years, looks like I came in 250 years early. Where-as now I should win something every 10 years… Woot!