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when I was 25 I was getting 8% by shoving it in a savings account. I'd shove twice as much in if I was 25 again.
by tjpick 16y ago
when I was 25 I was getting 8% by shoving it in a savings account. I'd shove twice as much in if I was 25 again.
- eru 16y agoWhat was the inflation rate back then?
- tjpick 16y ago3 years ago http://www.rbnz.govt.nz/keygraphs/fig1.html http://www.rbnz.govt.nz/keygraphs/fig1.html
- eru 16y agoOK. In the Euro area you could not get such high rates on a savings account.
- sireat 16y agoActually, you could get very good rates, if your savings were in troubled Eastern EU country banks (denominated in Euros, and insured by the FIDC version of said country). Obviously, not as safe as Treasuries, but also much less riskier than say a random 3rd world bank. Wonder, how are Euro saving account rates in Greece these days..
- eru 16y agoYes. Though I wouldn't include New Zealand in the list of random 3rd world countries.
- pyarriv 16y agoThe term "Third World" was primarily used by the US government during the Cold War to refer to countries which were not aligned with the Soviet Union, nor with the US. It has nothing to do with the state of development a country is in although I am aware of its frequent erroneous use in the sense of "developing country". The "Third World" included countries such as Qatar, which, according to the International Monetary Fund, featured a GDP of $83,841 per capita in 2009 - ranking #1 world wide.
- forkqueue 16y agoYou could if you put your money in Icelandic banks ;)