National Bonds - Some problems?
 

Each year they announce the yearly profits in December and promptly pay out in Jan.

It's now mid Feb and still no announcement. Also in year 1 I received several prizes, year 2 maybe 1 at best, year 3 nothing... hmmm....

As soon as they pay out for 2009 I'm cashing them in...

http://www.nationalbonds.ae/MediaCen...ent_en_gb.aspx

Re: National Bonds - Some problems?
 

Blue Cat swears by them, if my memory serves me right, so hopefully she will have something to say on the matter.

Re: National Bonds - Some problems?
 

not heard anything either :o

Re: National Bonds - Some problems?
 

http://www.nationalbonds.ae/MediaCen...ent_en_gb.aspx

announcing it soon?

Re: National Bonds - Some problems?
 

They have been saying that for over 6 weeks now... just for once I'd like to see some transparency.... rather than a vague "coming soon, honest" maybe just once they'd say "we made no money last year so you're getting nothing" or "Ahmed's calculator's battery ran out, we've ordered a new one and as soon as we get it he'll work out your profit"...

Re: National Bonds - Some problems?
 

In 2009 the bonus was not announced or paid out until February, so it's only a week later than last year.

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Re: National Bonds - Some problems?
 

national bond. the clue is in the name i'm afraid and since the govt is broke i wouldnt hold your breath.

i know that they arent "proper" national bonds but it is still a semi govt entity

Re: National Bonds - Some problems?
 

No one will lose their capital.

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Re: National Bonds - Some problems?
 

why?

i actually dont think people will, especially after they generously loaned the govt cash on an interest free basis

Re: National Bonds - Some problems?
 

A man keeps calling me and asking when I am going to invest more capital! I have told him a number of times that I will if they change the rules and go back to the former format. Both my wife and I won a number of small prizes over the past couple of years. But now we have a million a week and little else, we have not won a thing. It was quite fun winning a few hundred dirhams most weeks. But whether its the old format or the present one the chances of winning the million is nil, and not worth worrying about.

Re: National Bonds - Some problems?
 

To be fair you don't actually know that for a fact. They might.

Although, I agree the risk is very very slim.

Remember as a bond holder you are just another creditor to them - it's not like they have been that honest with all the other creditors.

Re: National Bonds - Some problems?
 

It's just a way to get money on the cheap...Instead of only having one source of funding (banks), they also have this variable alternative...It's a rolling credit scenario, plain and simple...

Re: National Bonds - Some problems?
 

Of course... just like any other national bond program...

Re: National Bonds - Some problems?
 

Don't I?

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Re: National Bonds - Some problems?
 

I won or whatever 50K last year.. more than i put in.. so.. all's good!