My parents were born in the 1920s and neither of them or any of their friends or family invested in the stock market. (We are talking about college educated white collar professionals) They put their savings in Certificate of Deposits and/or regular passbook savings accounts.
Of course, their main savings days were from the 1950s to 1980s. In their day, CD's paid at least five percent and up to 12% in the 1970s- they thought this risk free option was great. Before CD's they got about 5% in a passbook savings account. They may have thought about mutual funds or individual stocks but they were hard to buy and involved having to talk personally to a stock broker and pay high fees.
Any stories about how you or your parents invested their money in the 1950s, 60s and 70s?
Submitted August 20, 2018 at 05:00AM by KillingTime56 https://ift.tt/2OPQayv
