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I was doing VERY WELL on 7 or 8 % CD returns and sleeping well at night --- now who lost half of their portolios.I am sorry about your loses. There are people still making money in the stock market. It just depends on which stocks you buy. High interest rates hurt buyers of goods while low interest rates make the goods and services we purchase easier to obtain. If you depend on making money on other peoples sorrows then cry me a river.There are plenty of other venues to invest your money in that does not directly depend on interest rates. Ever increasing interest rates is a pyramid scheme. You said you made a lot of money on high interest rates, be thankful for that. Most of us don’t have a “portfolio” and depend on low interest rates just to survive. You may be wining but you are still very much alive. You are not the only one feeling the pinch. Millions have lost their jobs.BTW You can still make a 7-8% return on your investments. Once the economy turns around business will make more and pass it on in dividends.(:0
Yep you can invest in loaning money in buying bonds and get around 15%----just refer to the company that sells em---who is " STERN ."
There are all kinds of avenues----but the best one I ever invested in were CD's. Insured--no ups and downs-- and I had some that paid 12% but that's going back some ways.
Along with CD's -- I had fixed income mutual fund investments, convertible bonds, blue chips ---but I was very fortunate as I got out around year 2000. when I retired.
If I had to do it all again ---I would have just stuck with CD's. Until this decade they were the best kind of investment product for a small investor who can't afford to gamble and lose. Too bad cause the young people again will lose out. or have lost big time.
Latest statistic came out that half the people who are now 55 haven't got more than 50K socked away and will work til they drop dead. When your income goes for fixed expenses and there is nothing left over to budget---then how do you budget " nothing left over".