Tuesday, August 28, 2007

Drink beer instead of speculating stocks

A Random Walk Down Wall Street says that one joke making rounds on the internet in 2001 went:

Tip of the Week

If you bought $1,000 worth of Nortel stock one year ago, it would now be worth $49. If you bought $1,000 worth of Budweiser (the beer, not the stock) one year ago, drank all of the beer and traded in the cans for the nickel deposit, you would have $79.

My advice to you . . . start drinking heavily.

And apparently, by fall of 2002, the $1,000 put into Nortel stock was worth only $3. Today? I'm using their VPN software for logging in to the intranet at work and I think the stock price is around $17, down from $1280.50 or something like that in the year 2000.

1 comment:

Kelly said...

Yeah, but nobody turns in their cans. Stocks win!