Stock market/banking sector insanity

[hermco]

Retirement plans compared...

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 $1000.

With WorldCom, you would have less than $5.00 left.

If you had purchased $1000.00 of Delta Airlines stock you would have $49.00 left.

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


But ... if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for recycling, you would have $214.

Based on the above, the best current investment advice is to drink heavily and recycle. (Go green!)


This is called the 401-Keg Plan.

[McGillicuddy]

Met a lady yesterday who with her husband invested 50K in WaMu stock. Had savings and checking there also. Their checking and savings are fine. Their 50K was lost overnight. Still doing her job with a smile. Amazing grace.

Beer is a good way to diversify. Many different styles and flavors. And around here you can always get your nickel back at the recycling center.

And in these troubled times when we are forced to tighten our belts for the sake of a better tomorrow, choose firearms that shoot straight with smallish yet powerful loads as lead and copper are still commodities which must be efficiently utilized and not be taken for granted. Like the fellow in the Ghillie suit said, "one shot, one kill" -- be mindful of that as you unload your repeating arms... Sam, you too...

[peterb]

Thank you for the welcome. I prefer to study seacraft boats and learn about boat repairs on this great site as to slinging incorrect political crap into the fan.

- pek

Well put. Too much of that going on around on this and other web sites. IMO it is just people's way of venting their fears.

[76Red18]

- pek

Well put. Too much of that going on around on this and other web sites. IMO it is just people's way of venting their fears.

Not fear. Frustration about all the corruption.