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Msg  17771 of 17934  at  1/25/2023 4:59:41 PM  by

numbersman


 In response to msg 17770 by  Rob_Hoosier
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Re: good CD purchase

   Back in around 1980 after Paul Volker raised rates on steroids I bought a 1 year CD yielding 13.5%. I didn't have all that much money back then but I still took advantage of that. The highest yielding bond I had was some GMAC bonds yielding 7.25% around 2000. I collected the yield for around a year . I owned $10k of them . I decided to sell them and made an extra $450 profit because they were trading above par.


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