Oct 09, 2008 08:30PM GMT
Question
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Money - Investments
How much is your stock portfolio dropped over the last year? Is this the answer?
If you had purchased $1,000.00 of Delta Air Lines stock one year ago you would have $49.00 left.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 of the beer, then turned in the cans for the aluminum recycling REFUND, you would have $214.00 cash.
Based on the above, the best current investment advice is to drink heavily and recycle.
It's called the 401-Keg
A recent study found the average American walks about 900 miles a year.
Another study found Americans drink, on the average, 22 gallons of alcohol a year...
That means, on average, Americans get about 41 miles to the gallon.
Makes You Proud To Be An American... haahhahahahaaaa
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raves +1 posted Oct 09, 2008 10:39PM GMT (edited)
Answered Boo
Retired, lost about 48% in the last week. Haven't touched it, since we are trying to live on our pension which is from General Motors. Ha, now since GM is about to go belly up, or be taken over, the Feds will have to provide for us too! At least we are guaranteed what we put into our accounts for 35 years. Work your ass off for a combined 70 years of employment, let asshole Bush into office under a Republican Congress, then lose everything. Even if you have a house paid for, can't afford property taxes, food, utilities. I'm glad our kids are young enough to hang in there, but there may be accidentals, since we both have life insurance, just barely. -
raves +1 Oct 09, 2008 11:47PM GMTWe are both fiesty people and will make the best of it; not what we had planned, but we are POSITIVE there are a lot more people worse off than we are, and hopefully when Obama is elected things will change for the better, I'm sure, a long and winding road, but for the better! Our kids, and grandkids our are future! Good poll!, Some just don't get it yet or can't relate or maybe just don't feel. It's called empathy, and I have that for so, so many.
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raves +1 Oct 09, 2008 11:44PM GMTYou could move it to something with a fixed rate of return, like a money market (2 to 3% return) I don't know what options your plan offers, but I would think all plans have a fixed income option. Once the market seems to have bottomed out and starts moving up, you get back in fast and catch the "big bounce", hopefully make back some of the money you lost. Remember, just thoughts. Don't do anything on my advice alone! Good Luck.
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raves +1 posted Oct 09, 2008 08:38PM GMT
Answered Hhahahhhhahaaaaaaa
Well, the first big drop, it was a beaut, but all along we've been losing nearly $1,000 a month. We got another report this week and it was even worse. I have decided that my blood pressure medicine is not strong enough and may have to see a doctor, OR forget about looking at those damn pieces of paper when they come again. Does no good anyway. -
raves +3 Oct 09, 2008 08:57PM GMT (edited)With Obama, (having the only economic plan that'll work) once this Bush tax cut is repealed, things will begin to get back to normal. I think he'll pass legislation for it like, the first week in office. That'll be the start. Next stop? Iraq War funding.
Answered Hhahahhhhahaaaaaaa
Today 10/9/2008 -27.74 % Since 3/14/2008We lost $2190.56 Today We have lost $12,689.54 since September 1,2008 .