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Re: IRVINESULLY post# 911

Monday, 02/26/2018 4:40:34 PM

Monday, February 26, 2018 4:40:34 PM

Post# of 6994
Boeing's $364 today was a record high.

Yep, prime rate reached 21.5% in 1979, and you could find insured bank CDs in the 14%-16% range. A few banks even issued ten year CDs. Downside was inflation was about the same rate and you paid income taxes on what you earned.

My money was mostly in ultra safe inflation proof MM funds and things like 6-month CDs during that period. Even those paid about 8% at the very peak.

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