Investment Secret Your Broker Refuses To Reveal To You…
From my east coast pal, JT…
“If you had purchased $1000 of Nortel stock a year ago, it would now be worth $49.”
“With Enron, you would have $16.50 left of your $1000 investment.”
“With WorldCom, you’d have less than $5 left.
“If you had purchased $1000 of Delta Air Lines stock, it would now be worth less than $50. If you had purchased United Air Lines, it would be worth nothing.”
“BUT, if you had purchased $1000 worth of beer a year ago, drank all the beer, and then turned the cans in for recycling, you would have $214.”
“Based on this analysis, the best investment advice is to drink a lot of beer, and recycle. This is called the 401-Keg plan.”
Amen, JT! It’s funny, but me and my wife were–basically–making the same point the other night at the dinner table. What’s the incentive for the average person to even BOTHER trying to save for the future anymore? If you put your money into money market savings or CDs for safety, inflation will out-pace it and you’ll retire with less than what you saved in real dollars. If you try to get ahead of inflation and invest in mutual funds, you get what we have NOW–you get taken to the cleaners by speculators skimming your dollars for themselves, and CEOs with “golden parachutes” paid for with our money, their reward for mismanaging their companies finances, and ours along with it.
So–with that in mind, why not just spend your money NOW? You can’t beat the system, unless you’re in the top five per cent of income-earners who can afford to pay someone to watch their money FOR them–taking yours and mine in the process. Trips, cars, big screen TVs, restaurants–why not blow your cash NOW? At least you’ll get some enjoyment out of it.
Of course, I’m being toungue-in-cheek here. Sort of.