<p>I remember those times well. Inflation was rampant and interest rates hovered double digits. Our D was born in 1981 and S born in 1982. My father, who was a shrewd investor, alerted me to buying some zero-coupon bonds which were yielding 11+%. We bought some bonds with maturity dates coinciding with the years our kids were entering college and continued for the next 4 years they were in college. Those bonds when they matured were enough to pay for both of our kids’ private college education without financial aid. Those were the best investments we ever made.</p>
<p>In addition, Peter Lynch was managing the Fidelity Magellan Fund in the 1980’s which we also socked away some money in.</p>