If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have had $16.50 left of the original $1000.00. With WorldCom, you would have had less than $5.00 left. If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left. But, if you had purchased $1,000.00 worth of beer one year ago, drunk all the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.00. Based on the above, the best current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan.
Tuesday, May 1, 2007
Retirement Planning
PZ sends this thoughtful analysis:
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