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| BillH | How to Invest Your Money | ||
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The Stig Moderator
 
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Interesting perspective on the financial crisis & investing.
> > > > > 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 of Delta Air Lines stock you would have > > $36.00 left. > > > > > > > > But, if you had purchased $1,000.00 worth of beer one year ago, drank > > 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 > > |
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Posted on: 2008/9/29 17:54
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| CSS996 | Re: How to Invest Your Money | ||
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Mega Guru
 
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Funny and sad at the same time...
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Posted on: 2008/9/29 18:02
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Currently "Between Vettes". 
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| pianoguy | Re: How to Invest Your Money | ||
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Guru Emeritus
 
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If your money isn't in a mattress or some "ultrashort" fund today, you're getting your ass handed to you.
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Posted on: 2008/9/29 18:46
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1996 LT4 �Before you criticize someone, you should walk a mile in their shoes. That way when you criticize them, you are a mile away from them and you have their shoes.�- Jack Handey |
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| red_johnny | Re: How to Invest Your Money | ||
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On Sabbatical
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Well look on the bright side....the market can pretty much only go up from here for long term.
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Posted on: 2008/9/29 18:51
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| kelley | Re: How to Invest Your Money | ||
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Guru Newb
 
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Quote:
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Posted on: 2008/9/29 19:22
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| red_johnny | Re: How to Invest Your Money | ||
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On Sabbatical
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Posted on: 2008/9/29 19:33
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| CentralCoaster | Re: How to Invest Your Money | ||
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Senior Guru
 
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Amusing, but you pay for the "redemption values" when you buy the beer, you just get them back by recycling. 5 cents a can even on a 50 cent beer doesn't get you 20%.
I'm going to start investing in C4s. The market for those couldn't possibly get any worse.  |
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Posted on: 2008/9/29 20:49
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| CentralCoaster | Re: How to Invest Your Money | ||
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Senior Guru
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Quote:
People have been saying that about the real estate market for the past 2 years, but it's sinking faster today than ever. |
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Posted on: 2008/9/29 20:51
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1985 Z51, ZF6 |
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| red_johnny | Re: How to Invest Your Money | ||
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On Sabbatical
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Posted on: 2008/9/29 21:13
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| bogus | Re: How to Invest Your Money | ||
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Grand Imperial Pooh-Bah
 
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That's the problem - it's not booming anywhere... it's simply not crashing as hard!
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Posted on: 2008/9/29 21:24
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The single biggest problem with communication is the illusion that it has taken place. - George Bernard Shaw Education is the best tool to overcome irrational fear. - me |
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| BillH | Re: How to Invest Your Money | ||
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The Stig Moderator
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[/quote]Well thats impossible to predict who will be elected officals 10 or more years out. But still I see it bounceing back fairly fast. Sure who ever is in charge kinda effects it but I still see things moving forward for the better.[/quote]
Yea, the masterminds who are working on "fixing" the economy have a 9% approval rating. But, I do agree the market will go back up, it's done so before. It'll be a little while yet. |
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Posted on: 2008/9/29 22:02
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