October 17, 2008

A New Retirement Plan

This is the answer!!!

If you had purchased $1000.00 of AIG stock one year ago, it would now be
worth $56.91.

With Washington Mutual, you would have $120.36 left of the original

With 'Fannie Mae'(FNM), you would have $11.34 left.

If you had purchased $1000.00 of Lehman Bros one year ago it would now
be almost worthless; less than $0.86.

If you had purchased RH Donelley, you would have $45.69 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.

Posted by Delftsman3 at October 17, 2008 07:40 PM | TrackBack

On the other hand, if you had been a CEO of one of these companies, you would have made half a billion and would have been handed a 10 million dollar bonus as you got fired (a bonus paid for by tax-payer dollars). This is called the 401-cognac plan.

Posted by: Karlo at October 20, 2008 06:28 AM

I am probably MORE disgusted by the bailout than you are Karlo.
My feeling is that the Government intervention will cause a more trouble than even the corrupt CEO's.

Because of FDR, the Depression lasted at least twice as long as it would have otherwise,the only thing that ended it when it did under the policies extant under FDR was WW2 ; and we'd be a lot less socialistic than we are today.

The Free Market DOES work, Govt's. role SHOULD merely to be the arbiter of conflict between parties, NOT to be a direct participant. THAT is the way the Founders set it up, and it worked well up until the social engineers came into power and started to foul up the works.
The current crises is a fine example. GOV. REQUIRED lenders to provide loans to people that were not qualified for them (greaT VOTE-GETTING POLICY!)and backed up the loans with public money..and that worked until the number of defaulters became larger than the banks' ability to absorb the losses and called on the gov. guarentee in amounts that could no longer be hidden under Fanny and Freddy's cooked books.

We should just let the market adjust itself; ride out the year or so rough spot, and then remember to not go that route again.

Posted by: Delftsman3 at October 20, 2008 11:02 PM

I wanted to compose you one very little word in order to thank you once again about the stunning methods you have documented in this case. It is so remarkably generous of people like you to present publicly exactly what many of us might have made available as an ebook to get some dough for their own end, most notably considering the fact that you could have tried it if you decided. Those guidelines likewise acted to provide a good way to be aware that other individuals have the identical zeal just as my very own to know the truth a lot more regarding this issue. I am sure there are several more enjoyable periods up front for individuals who examine your site.

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