RETIREMENT PLAN INVESTMENT TIP

If you had purchased $1000 of Nortel stock one year ago, it would now be worth $49.

With Enron, you would have $16.50 left of the original $1000.


With WorldCom, you would have less than $5 left.



If you had purchased $1000 of Delta Air Lines stock you would have $49 left.



If you had purchased United Airlines, you would have nothing left.



But, if you had purchased $1000 worth of beer 1 year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you
would have $214.



Based on the above, the best current investment advice is to drink heavily and recycle.

:laughing5:

I'm so glad aluminum can recycling became a habit for me in my younger years. I've got a couple friends that only buy glass bottles, but there are a couple of my friends whose whole families consume enough cans of soda and beer that I literally get about $20 a month from each household.

gold & silver are the better of the metal investments... ;)

Quote:

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Originally Posted by vdat100

Based on the above, the best current investment advice is to drink heavily and recycle.

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I'll drink to that

Quote:

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Originally Posted by vdat100

If you had purchased $1000 of Nortel stock one year ago, it would now be worth $49.

With Enron, you would have $16.50 left of the original $1000.


With WorldCom, you would have less than $5 left.



If you had purchased $1000 of Delta Air Lines stock you would have $49 left.



If you had purchased United Airlines, you would have nothing left.



But, if you had purchased $1000 worth of beer 1 year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you
would have $214.



Based on the above, the best current investment advice is to drink heavily and recycle.

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Unfortunately, I bought the predecessor to Bay Networks that merged with Wellfleet to become Nortel and it's in my IRA. What used to be valued at $90,000 is now worth a few hundred dollars and of course you can't deduct losses in an IRA. When my father died a year ago, I inherited shares in Enron that he was given as a retiree that were once valued at $250,000 and now worthless. So goes investing. Sometime you're the bug and sometimes you're the windshield!

now-a-days most ppl just don't understand the value of hard assets versus paper bullshit.

Quote:

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Originally Posted by vdat100

If you had purchased $1000 of Nortel stock one year ago, it would now be worth $49.

With Enron, you would have $16.50 left of the original $1000.


With WorldCom, you would have less than $5 left.



If you had purchased $1000 of Delta Air Lines stock you would have $49 left.



If you had purchased United Airlines, you would have nothing left.



But, if you had purchased $1000 worth of beer 1 year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you
would have $214.



Based on the above, the best current investment advice is to drink heavily and recycle.

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Love it ! =D> =D> =D> I suppose that is they mean by liquid assets ? :lol: Twenty four hours in a day, twenty four beers in a crate - coincidence? I think not! :banana:

But always remember you only rent beer!

Quote:

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Originally Posted by lineback

But always remember you only rent beer!

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Quite true, but we must think of the very important part that we are playing in the recycling process. When thought of like this it becomes almost a civic duty! :lol: