4 ms·

I've heard the savings/bond/CD advice from older people who were working during the Volcker years.

• memcg 3y ago
  Sure, I started an IRA account in 1985 with CDs paying 10+% But, I bought my house in 1982 with a 15.5% mortgage, refinanced @ 11.25 after a couple years and again @ 8.5% until it was paid off in 2002
  • stetrain 3y ago
    What happened to the value of your home in that time?
    • memcg 3y ago
      The point is that mortgage rates and savings rates move together, so your experience is determined by whether you are a saver or borrower.