If you had purchased $1000 in Nortel stock one year ago, you would now have $49. Enron stock would now be worth $16.50. Worldcom would have you down to $5. Delta Airlines would be worth $49, and United would have you broke.
However, if you had bought $1000 worth of beer one year ago, you could have saved the cans, and redeemed them for a nifty $214.
So drink heavily, recycle, and use the 401 keg plan.
Maybe you meant 10 years ago? None of these companies were worth as much as you stated one year ago. Also, Enron and Worldcom no longer exist. Haven't for years.
When I was 7-10 I bought a pack of Topps baseball cards for a nickle each week. I had Mickie Mantle rookie cards, Roger Marris, Warren Spahn, team cards, etc from 1956 to 1960. But, like all kids we put them in our back pocket and traded them even though they were in rough condition.
If I had only spent $2.00 a week on Topps baseball cards and put them in some plastic sleeves during those years. Can you imagine a 1 cent investment is now worth thousands. I don't think that even Berkshire Hathaway has those kind of returns.
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