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Back when I was struggling to buy my first house, interest rates were 18% average and I got a fantastic super deal of only 12.5% on my first house. I no super cash to put into investments back then. When I finally built up some cash to put into a CD the rates were stupid low. The stock market was the only logical place to put any assets.
With the current situation, I don't see interest rates going back down anytime soon. Fortunately for me, I have no debt except an loan for my company loan on an airplane, and have way over 50% equity in the airplane so I told the bank I want a fixed rate loan almost two years ago, so it is a low rate. My loan officer whined the bank would make less money and I told him not my problem, we can find another bank to carry the loan and he knew it.
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Glen
49 Year member of the Porsche Club of America
1985 911 Carrera; 2017 Macan
1986 El Camino with Fuel Injected 350 Crate Engine
My Motto: I will never be too old to have a happy childhood!
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