I bought my Lifetime Fishing and Hunting combo in 1968 for the outrageous price of $150 (at least outrageous at that time!). I think it has paid for itself. Mine is #120. Can anyone still alive beat that?
Nope. #251 is mine. You win!
I bought my Lifetime Fishing and Hunting combo in 1968 for the outrageous price of $150 (at least outrageous at that time!). I think it has paid for itself. Mine is #120. Can anyone still alive beat that?
I am not sure they take a beating. They put the purchase price of the lifetime back and use only the interest earned. They earn on that money forever! The average hunter won't buy 6 deer tags a year, especially over a lifetime. 50 years of license and tags a year versus forever of 8% earned off $500. (I haven't looked lately but I think the combo are now $775.) I used $500 as an average number for the $400 dollar lifetimes and $525 and the current price.They are a heck of deal. Honestly they are almost too good to be true. I can't believe they haven't done away with them or significantly raise the price. The ODWC is taking a beating over the money they would make selling individual tags every year, especially as low as interest rates currently are.
8%? Not in today's market. Look at the 2014 report :
http://www.wildlifedepartment.com/aboutodwc/ar2014.pdf
They only made a little over 2 million on interest for a measly 2.8% interest rate. Last number I saw was 87 million in a 2012 report in the funds principal. Granted interest rates suck right now but still! Even at 8% they would only make 7 million. Annual license sales exceeded 18 million and that's without 50% of the hunters purchasing license because they have lifetimes! (According to the report). I'm not sure you could double that 18 million number but certainly you could guarantee a better monetary return year after year over relying on a fluctuating interest rate that at its best MIGHT equal what you could make over simply selling everyone annual licenses.
Look I'm glad they have them. I'm just shocked they still do!
Finally, been meaning to do it for 5 or 6 years, made it happen today, feels pretty good now, but I imagine it will feel a whole lot better come October 1.
That is all, carry on.
Enter your email address to join: