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Rantings of a Sandmonkey

Be forewarned: The writer of this blog is an extremely cynical, snarky, pro-US, secular, libertarian, disgruntled sandmonkey. If this is your cup of tea, please enjoy your stay here. If not, please sod off

Friday, June 10, 2005

Investment Advice

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 $1,000.00. With WorldCom, you would have less than $5.00 left. But, if you had purchased $1,000.00 worth of Beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling price, you would have $214.00. Based on the above, current investment advice is to drink heavily and recycle. It's called the 401-Keg Plan! :)


At 6/10/2005 06:48:00 AM, Anonymous Karim Elsahy said...

Quit drinking, bought goog and aapl...aint complaining ;)

At 6/10/2005 06:51:00 AM, Anonymous Karim Elsahy said...

Oh and way off topic but...

Citigroup Paying $2B to Settle Enron Suit

1 hour, 12 minutes ago

NEW YORK - Citigroup Inc., the nation's biggest financial institution, on Friday said it will pay $2 billion to settle a class-action lawsuit over its role in the sale of Enron Corp. stock and bonds before the energy company's collapse that cost investors billions of dollars.

Under the settlement, Citigroup said it will distribute the payment to investors who bought publicly traded equity and debt securities issued by Enron and its related units between Sept. 9, 1997, and Dec. 2, 2001 when Enron sought bankruptcy protection.


At 6/10/2005 10:18:00 AM, Blogger programmer craig said...

That's a very insightful comment, Sandmonkey. From over here in the US it seems the biggest thing holding back our economy is people are afraid to invest in the stock market. For no reason, except they remember how much money they lost 5 or 6 years ago! And I'm one of them, I have NO investments. And I don't care how often I see stock market gurus promising me that there are SAFE investments I could be making!

Greenspan's "irrational exuberance" has turned into "irrational fear" I think.


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