He bought his before I bought mine.
I doubt many people outside the financial community were even aware of what RRBs were when they were introduced back in 1991, let alone appreciated why they might be a good investment.
ghariton wrote:Any which way you look at it, I should have purchased more of the suckers, and earlier, instead of chasing tech stocks. On the other hand, profit-taking on the tech stocks allowed me to buy some of my RRBs.
Me too. But I sure am happy with what I have.
A similar situation existed in the early 1980s when GoC 30-year nominals were paying ~15%. In that case the reason they were unloved was that hyper-inflation was (supposedly) looming and few wanted to lock themselves in for 30 years for "only" 15% interest. But the brave few who, ahem, "bought low" and held, made off like bandits. I wonder what they're going to do with their principal repayments when those suckers mature this year and next.
Sedulously eschew obfuscatory hyperverbosity and prolixity.