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 Air Lines 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 the aluminum recycling refund you would have $214.00.
Based on the above, the best current investment advice is to drink heavily and recycle.
This is called the 401-Keg Plan
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Heath
October 16th, 2008 at 11:24 am
Sanity check: $214 in can deposits is 4280 cans. ($214 / $0.05 = 4280). Where the heck can I buy beer at $0.23 per can including deposit and tax?? ($1000 / 4280). Even a year ago I don’t think it was that cheap.
Cheap beer at my local market is about $18 for 24-packs (including deposit & tax), or $0.75/can. So $1000 buys about 1320 cans, for which you’d get back $66 in can refunds.