tkline01 Posted March 13, 2008 Report Posted March 13, 2008 RETIREMENT PLANNING FOR 2008 If you had purchased $1,000.00 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 $1,000.00. With WorldCom, you would have had less than $5.00 left. If you had purchased $1,000 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, 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. The plan is called the 401-Keg. ________________________________________ Quote
linuxwrangler Posted March 13, 2008 Report Posted March 13, 2008 I seem to recall from the dot-com bust days the concept of the "bud" which is basically as described above. If your stock could buy X amount of Budweiser and now was only worth the recycled cans it was a "bud". This measure was, of course, inadequate. So if you took the money from recycling, bought more Bud, and those recycled cans approximated your stock value it was a double-bud. Among dot-coms that actually survived, triple-buds and worse were not unheard of. I recall one of our vendors having a price in the upper $100s and within a few months hitting the 30s and dropping. 30s as in $0.30..... Quote
