A cool retirement plan

T. Erdelyi

T. Erdelyi

Joined
Feb 3, 2001
Messages
32,359
Retirement Plan

INVESTING FOR YOUR RETIREMENT:

If you had purchased $1000.00 of Nortel stock one year ago, it would now be worth
$49.00.


With Enron, you would have had $16.50 left of the original $1,000.00.


With WorldCom, you would have had 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 REFUND,
you would have had
$214.00.



Based on the above,


current investment advice is to


drink heavily and recycle.

It's called the 401-Keg Plan​
 
That's classic!

Factually though, I don't think you'd earn that much saving aluminum cans...
Besides, canned beer sucks.
 
T. Erdelyi said:
With WorldCom, you would have had less than $5.00 left.
Click to expand...

Believe me, not even that.

Don't get me started.
crying.gif
 
And Oresis? Gone. All gone.

I need a tissue....





.... or a beer. At least when you finish a beer, you know you'll get five cents back.
 
Bob W said:
That's classic!

Factually though, I don't think you'd earn that much saving aluminum cans...
Besides, canned beer sucks.
Click to expand...

I used Michigan's .10 bottle return and it came out to about $150 based on a $16 case of canned beer.It would be $75 in the nickle deposit states! You could buy cheaper beer,(shudder!) When I was in Highschool Falstaff and Gobels were $10 a case.(double shudder!)
 
They don't have a can deposit here. Don't know how much you'd get for scrap aluminum cans. 50-cents/pound? And it takes a lot of new thinner aluminum cans to make a pound - 33 to be exact. So at $5/six-pack...

... you'd have $18 in aluminum cans.
 
Diversify, diversify, diversify! Never have more that about 4% of your total savings in any one stock. Most Enron employees got shafted because they believed their own company's hype and left it all in Enron.
During all the time Enron was riding high, you could not go a week without seeing several warnings in the financial media about the dangers of not diversifying.

I retired from the Southern Company with a very hefty 401k. I never let a lot of Southern Company stock accumulate, and couldn't believe how most people had everything in Southern and just let it ride. Most still do, even after seeing the example of Enron. Southern has proven to be a very good conservative stock, but the extreme risk is still there when all your eggs are in one or a few baskets.

Concerning the beer savings strategy, would you recommend investing domestically or going offshore?
 
On September 20, 2001, I bought 10 shares of Northwest Airlines as a show of support for the industry after the disaster of 9/11, at a cost of $173. This was at the all time low for their stock. I sold the stock last week for a total of $4.23, just to get rid of the paperwork between myself and the broker. Good thing I wasn't counting on that for my retirement.:)
 
I lost money on Walmart when I was working there.

To any gummint donkeys out there, start socking away in the TSP if you have that option!
 
Shoulda invested in gold a few months ago. It's still going up.
 
Bob W - I think that NW will survive in some form. Their problems are played out daily around here. They have negotiated numerous contracts with their employees taking significant reductions. This is their Hub and there is talk of cutting back gates, etc., and they are faced with new competition. My original purchase was not so much an investment as a statement of my confidence in the country. I just won't live long enough.:D
 
Bob W - I think that NW will survive in some form. Their problems are played out daily around here. They have negotiated numerous contracts with their employees taking significant reductions. This is their Hub and there is talk of cutting back gates, etc., and they are faced with new competition. My original purchase was not so much an investment as a statement of my confidence in the country. I just won't live long enough.
Click to expand...
I was thinking, buy 100 shares at $0.50 each. Worst case, the company dissolves and you're out fifty bucks (plus the $7 commission at a discount online brokerage). Very best case, the company returns to profitability and the shares eventually return to $100, a huge profit. More possible, a brief flitter of activity brings the stock temporarily up to $5, still a very good profit.

-Bob
 
Gollnick said:
And Global Crossings? You'd have nothing left... nothing.
Click to expand...


Heheh Global Crossings had a huge and I mean huge place in Tokyo that never did a full days business IIRC. I managed to snaffle 9 Herman Miller Aeron chairs in Like New condition for nothing. Sold them all in less than 2 weeks for $900.00 a piece. Muwahaaaaa sometimes life is good. :p
 
severtecher said:
Think I'll just keep buying stock in Moran, Randall, and Warenski. And i am takin' it with me kids:p :p
Click to expand...
Finally some one got it right, Two years ago, Taser had huge returns. This past year, they had problems, What was th # one hottest return on th invested dollar, next to Taser, When they were up, well it's underground, because of all the secret deals, trades, and cash transactions, but wait for it, IT WAS High end Knives!!! Got'ta Love it.:thumbup: M. Lovett
 
Temper said:
I managed to snaffle 9 Herman Miller Aeron chairs in Like New condition for nothing. Sold them all in less than 2 weeks for $900.00 a piece. Muwahaaaaa sometimes life is good. :p
Click to expand...

STOP! THIEF! Those were my chairs! I paid for those! :D

Seriously, I'm glad somebody made something on Global Crossings. ;)



Oh, and the chair I'm sitting in right now is booty from Oresis Telecommunications.
 
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