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Retirement Plan

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Old 08-01.-2004, 11:21 AM   #1
Cipher
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Default Retirement Plan

If you had bought $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With Worldcom, you would have less than $5.00 left. If you had bought $1,000. Worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent Deposit, you would have $214.00. Based on the above, my current investment advice is to drink heavily and Recycle. This is my new retirement program; I call it my 401Keg.
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Old 08-01.-2004, 01:26 PM   #2
hank2230
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Default Re: Retirement Plan

Quote:
Originally posted by Cipher
If you had bought $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With Worldcom, you would have less than $5.00 left. If you had bought $1,000. Worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent Deposit, you would have $214.00. Based on the above, my current investment advice is to drink heavily and Recycle. This is my new retirement program; I call it my 401Keg.


Glad you are not my broker, $1K a year ago would have bought you 529 shares on NT. Today it would have been worth $5.6K.
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Old 08-01.-2004, 02:22 PM   #3
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Default Re: Re: Retirement Plan

Quote:
Originally posted by Charles Schwab


Glad you are not my broker, $1K a year ago would have bought you 529 shares on NT. Today it would have been worth $5.6K.


Chill Out 'Mr. Schwab' (It was just a joke!).
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Old 10-01.-2004, 05:32 PM   #4
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My advice is to spend all your money on your bike and enjoy the ride.
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Old 11-01.-2004, 01:13 AM   #5
melvyng
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Default Re: Retirement Plan

Quote:
Originally posted by Cipher
If you had bought $1000.00 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With Worldcom, you would have less than $5.00 left. If you had bought $1,000. Worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent Deposit, you would have $214.00. Based on the above, my current investment advice is to drink heavily and Recycle. This is my new retirement program; I call it my 401Keg.



Hah!! Good one!!



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