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Monday, November 22, 2004 5:34:50 PM
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'Beer' Investment Plan
I thought I'd pass along this financial advice I received recently (via email of course):
If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 left of the original $1,000.00.
With WorldCom, you would have less than $5.00 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 price, you would have $214.00.
Based on the above, current investment advice is to drink heavily and recycle.
It's called the 401-Keg Plan.
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The data is a little off, but darn, I'm thinkin' about giving the plan a try! Maybe instead of buying more stock I'll buy that grand of beer, and then when I wake up I'll check my account! If things are still bad, I can still buy another $214.00 worth of beer, and try again! Sort of averaging down I guess.
Depending on your personal market outlook, it might be worth considering quantity over quality, or perhaps a mixed portfolio of domestic and off shore. Could we start a sudsfund?
Best of luck with all your investments.
Stakddek
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