Quote:
Originally Posted by elkhunter11
I have been retired for almost five years, and I still buy equities. I haven't held GICs since the interest rates fell in the 90s. The best thing that ever happened for me, was getting out of GICs, and into the markets. Then again, if I was still able to get 10% now, I would be back into GICs.
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Oh man I'd kill for a GIC from '82 with a 16% rate !!!!! Unfortunately at the same time you could buy homes in Calgary for pennies on the dollar as people walked away from them. It was a great time to have cash !!!!!