My friend Josh Burns passed this along to me and I thought it was somewhat amusing:
If you had purchased $1,000 in shares of Delta Airlines one year ago,
you would have $49.00 today. If you had purchased $1,000 in shares of
AIG one year ago, you would have $33.00 today.
If you had purchased $1,000 in shares of Lehman Brothers one year
ago, you would have $0.00 today.
But, if you had purchased $1,000 worth of beer one year ago, drank
all the beer, then turned in the aluminum cans for recycling refund,
you would have received $214.00. Based on the above, the best
current investment plan is to drink heavily & recycle. It is called
the 401-Keg.
Of course, I think you’d be much wiser to invest in your marketing
education with something that is a little more leverageable.
Anik Singal’s new PPC Classroom 2 course is an excellent choice.
Sincerely,
Brian T. Edmondson
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{ 1 comment… read it below or add one }
This is a great, great story.
Up until this year, I used to max out my job’s 401(keg) to the allowed $15,500. However, we all know how tough 2008 has been for everyone’s family budget (gas & food prices alone!).
That said, I still contribute up to the amount that my employer matches. Which still doubles my own contribution.
Even though these are tough times & the markets are floundering, time is on our (young people’s) side. Do not look at your dollar value of your portfolio/statement. Instead ,concentrate on the number of shares you own. Great time to grab some undervalued blue chips.
Best,
-K