Investment Qptions
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Category: General Chat
Forum Name: General Chat
Forum Description: For mums, dads, parents-to-be, grandparents, friends -- you name it! And you name the topic you want to chat about!
URL: https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=7060
Printed Date: 09 April 2026 at 7:34pm
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Topic: Investment Qptions
Posted By: kebakat
Subject: Investment Qptions
Date Posted: 28 April 2007 at 10:33am
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If you were to invest $10,000 what would you do with it that is safe?
Would you go term deposit for 6 or 12 months for example or would you do something else? See, DH is probably going to get a redundancy payout of more than $10k so we thought we would be wise and put the $10k into something that can make extra money for us but we wouldn't want it to be locked away for "too long" in case we needed it. And we both don't have any real idea of smart things to do with that kind of money. Any ideas would be really helpful. |
Replies:
Posted By: SMoody
Date Posted: 28 April 2007 at 10:41am
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I dont know what it is called over here but in SA you get the Satrix shares. Relatively safe. They take the 20 top co mpanies and spread the money accross them all. You should get the money out within about 3 days if need be so you wont buy anything unnessary.
I will ask hubby what it is called over here as I know he is moving shares over and want to invest in the equivalent over here. Maybe someone else will know what it is called. ------------- http://lilypie.com"> 
http://lilypie.com"> 
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Posted By: SMoody
Date Posted: 28 April 2007 at 10:43am
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Smart shares. Go to www.smartshares.co.nz and you should get more information about it. Hubby says there is about 7 you can chose from. ------------- http://lilypie.com">
http://lilypie.com">
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Posted By: busymum
Date Posted: 28 April 2007 at 11:07am
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Hi Stacey, sometimes savings accounts with high withdrawal rates are the better way to go than TD's - higher interest. That's where I'd look first. Actually I'd have a 10min chat to our bank consultant and go with whatever she advises (in the bank, I'd be too scared to invest it anywhere else!) -------------  |
Posted By: kebakat
Date Posted: 28 April 2007 at 11:12am
| The problem with people at the bank is they always have told us that we should put some on our mortgage and never really listen to the fact that we don't want to do this so we want to figure out what we want to do and then go in and just tell them (if we do it through a bank) |
Posted By: kebakat
Date Posted: 28 April 2007 at 11:17am
| And I just did a bit of looking around at the interest rates on savings accounts and they aren't anything special - in fact they are about half that of term deposits. As we already have some savings for "emergencies" I don't think we'll go with a savings account. |
Posted By: .Mel
Date Posted: 28 April 2007 at 1:49pm
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ASB's 12mth rate is really good for term investments... we've got our deposit money (for when we can afford to buy a house - yeah right!!!) in a term investment, and we basically just forget about it, and let it keep rolling over.. ------------- Mr Mellow (16) Miss Attitude (8) Destructa Kid (3) 
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Posted By: Glow
Date Posted: 28 April 2007 at 1:51pm
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Dont ask me the details about it, but definitely shares!! Although there is always risks.
I can find out more if you like? My Uncle wheels & deals in the markets & my Nan has also invested lots recently. Maybe its something similar to what SMoody said? ------------- Mummy of Two Boys B: 2004 K: 2007 |
Posted By: sparkle
Date Posted: 28 April 2007 at 2:02pm
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I think it would depend on how your finances are for the next 12 months?
Has your DH already got another job? If so, I think I would probably put it into a term investment for 12 months, then look at reinvesting after that. It's a "bonus", you weren't planning on having it, so having it in an term investment would kinda be like "outta sight outta mind" but still making money for you. I'm probably not making myself very clear!!! ------------- http://lilypie.com"> 
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Posted By: Bizzy
Date Posted: 28 April 2007 at 3:04pm
| what about bonus bonds.? |
Posted By: peanut butter
Date Posted: 28 April 2007 at 3:58pm
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have a look at www.raboplus.co.nz Their interest rates are excellent and they have no fees on the savings account....and you cant access it through eftpos s you kind of forget it is there. It is totally on call so might be a good idea to parrk it there until you know what you want to do. They also have good TD.
The only hassle is you need to wait a week or so to set your account up. you apply online and then print out stuff to send in, then they send you out a little calculator password thing you need to log on with. I am with them and love it! |
Posted By: kebakat
Date Posted: 28 April 2007 at 7:05pm
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Hubby's unit is being sold off so he has a job with the people buying it but they will all get redundancy anyway because the new contract has a number of difference from the old one (their HR dept has confirmed this) so money isn't an issue as such for us as he will just be working for a different company same job..
Because of that it's not money we "need" thats why we thought we would invest it and make some more $$ from it. |
Posted By: emz
Date Posted: 28 April 2007 at 7:53pm
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I second bonus bonds www.bonusbonds.co.nz
Maybe you could put half in bbonds, half in shares? Shares do have their risks, bonus bonds don't really as they are invested mostly in secure govt stocks etc. You don't earn interest however, but every month your bonds go in the draw to win a share of $1.5million in prizes. So if you invested $5000 into bonus bonds, you would have 5000 shares, therefore 5000 chances of winning each month. Good luck on making a decision, we just put some extra money we got about 2 years ago into DH's super scheme, but are kind of regretting it now as we can't access it more than once a year and have already taken some out for the wedding. |
Posted By: lizzle
Date Posted: 28 April 2007 at 8:26pm
| I agree with rabobank. I've inherited some money recently and am planning to invest it when it finally arrive (stupid contesting - will probably get it when I'm 50), I also tried hanover finanace and that looked okay but the guy kept ringing me so that sucked. ANd when your investment preiod is up, you have to notify them that you wish to withdraw the cash otherwise they will reinvest it for you, so if you are late, you may find your cahs tied up for another 6 months or so. |
Posted By: lil_miss
Date Posted: 28 April 2007 at 8:33pm
| Pumpkin Patch shares :D We have some as hubby works there - and they're always going up as the company is growing rapidly:) |
Posted By: my2angels
Date Posted: 28 April 2007 at 9:37pm
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I would say bonus bonds but then thats not really getting your money to work for you, more just keeping it safe.
You could see what your lawyers on call rate is. If you are with a big law firm they have big trust accounts and the more money they have on call (clients money) the higher the interest rate they receive is. They will normally charge you about 5% commission on the gross interest but you can get your money anytime or bits of it and there is no fee for closing early, accounts fees etc.... just the commission. I want to get some pumpkin patch shares but cant be bothered going to a broker, does anyone know if you can do it all online? |
Posted By: Bombshell
Date Posted: 29 April 2007 at 6:51am
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i also do bonus bonds in this sort of scenario...money will still be there at end, and you have chance of winning. It takes 7 days to get it released so uuhave to still think before u get it to spend
Interest rates at law firms are usually a lot higher than abank...put in for say 6 monthto get best rate...then worst case if u need it it will drop to oncall rate if u need it out... |
Posted By: peanut butter
Date Posted: 29 April 2007 at 9:27am
I was thinking of bonus bonds as a substitute for lotto. We occassionally buy lotto tickets and NEVER win so thought bonus bonds might work better....at least our money is there at the end
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Posted By: Red
Date Posted: 29 April 2007 at 1:47pm
| We have bought some US dollars through ASB, opened a US bank account etc cos the NZ dollar is not going to stay high forever! Then when it drops you cash in. I think that you need to invest a minimum of $10K to be allowed to do this. |
Posted By: AlyAyde
Date Posted: 29 April 2007 at 4:40pm
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kiwibank has online call which is a good return plus you can withdraw the money whenever you like.
we also have the kids money invested in bonus bonds. ------------- Jayde 25/12/04 Alyssa 08/04/03 http://Alyayde.bebo.com |
Posted By: yalanna
Date Posted: 29 April 2007 at 5:35pm
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My dad has about $120 000 in bonus bonds and he wins all the time. In fact he complains if he only wins little amounts now! I think the secret to it is to have a decent amount invested in them, if you only have a few hundred then you are unlikely to win. The other advantage is if you take your winnings as more bonus bonds you arent paying tax on your "interest" like you would at a bank etc ------------- http://lilypie.com"> 
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