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back when I worked as an investment advisor, I met a lady who had a 30 year $250k CD with a fixed 15% (maybe higher). That was a solid investment!
by sethammons 5y ago
back when I worked as an investment advisor, I met a lady who had a 30 year $250k CD with a fixed 15% (maybe higher). That was a solid investment!
- anm89 5y agoYeah that is one of the cases where the older generation really did have it way easier. Imagine having access to 15% CDs. I know 20% was out there too.
- mdorazio 5y agoThe flip side is that they were buying these things when other interest rates were also correspondingly high due to inflation, so they got hosed in other ways (think mortgages).