Quote:
Originally Posted by RickeyD
I paid 15 % on my first mortgage in 1981 but I had no savings to enjoy the 8% CD rates. The good old days for sure ! Now I'm at 2.625% on a 30 but getting 1% on my savings. At this point in my life I need high interest rates but will probably never see those 8% rates ever again.
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I think you are right, RickeyD. We will never see much on CDs again. I wonder if we will ever again see even 5%. I think the last time we could find 5% CDs was almost 10 years ago and those were for 5 years.
It has been such a long time since CDs could help retirees. Because of that, I think many more relatively conservative investors have reached somewhat of a comfort level with the stock market, maybe with solid, boring, long-time dividend paying stocks. The kind of stocks that pay you to wait.
But even so, I think it is a good idea to build a moat around around stocks, and it would be nice if that cash-moat actually could generate a little something, but.......