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Registered
Join Date: May 2004
Location: Lake Cle Elum - Eastern WA.
Posts: 8,417
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All my money is tied up in cash!
Actually - I was just getting into investing in the late 70's when inflation reared it's ugly head.
I was lucky to have not invested in "WOPS" bonds that paid 14%.....These bonds were to build nuclear power plants in WA state. The projects got scrapped after construction and investors were lucky to get 8 cents on the dollar.
The reason I passed back then: My same money market acc't I still have today was paying over 12%.......
So for me, I'll do the same if inflation returns like it was then. I just can't see real estate having another big run-up after what we've just been thru....
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Bob S.
73.5 911T
1969 911T Coo' pay (one owner)
1960 Mercedes 190SL
1962 XKE Roadster (sold) - 13 motorcycles
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