My buddy Mark goes out for beer with some buddies each Friday and between them they figured out this:
If you had purchased $1000.00 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 $1000.00.
With WorldCom, you would have had less than $5.00 left.
If you had purchased $1000 of Delta Air Lines stock you would have $49.00 left.
However, if you had purchased $1,000.00 worth of beer/wine one year ago, drank all the beer/wine, then turned in the cans/bottles 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.
Now “You Decide” rightly scratched his head and took out a calculator when he read this. I’m not saying Mark’s buddies got their beer-blurred math right. I’m just saying…. well, I’m just just sayin’ sometimes it’s about the beer and the buddies, not the bucks. (ok, that was lame. I’m quitting this post and going back to my day job)