TER General Board

Investment strategy?
hungry1951 29 Reviews 989 reads
posted

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.

LadiLuver179 reads

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.

I could have said Studebaker and Republic Airlines, and it would have meant the same thing. It's only a joke, nothing more.

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.

Where's that time machine?

Rx

It is better than anything I have these days.


Thank you
XLIII = 4

Lets consider a twelve pack to be $5 (Real cheap beer).  That means it would add 60 cents to the price of a twelve pack so 12 cans would cost $5.60

You can purchase 178 12 packs.

At 60 cents, that means that the deposit would be...

$106.80

Even that is not much of a return.

Register Now!