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Funny Money Friday: Bad Investments
Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.
None of us like to think about our investments losing money. We tend to view our mutual funds, 401(k) and home as being sure-fire money makers. But in our current tumultuous stock market, losses are becoming the realities.
Here&39;s a little tongue-in-cheek investment lesson forwarded to me by a co-worker:
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 $1000.00.
With WorldCom, you would have had less than $5.00 left.
If you had purchased $1000 of Delta Air Lines stock you would have
$49.00 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, the best current investment advice is to drink heavily and recycle.
It&39;s called the 401-Keg Plan.
Now that sounds like a strategy I could really research this weekend. Happy Friday!
Emily Davidson – Credit.com&39;s Communication Director and former TransUnion credit expert. Emily writes about credit reports, credit scores, loans and personal finance as the CreditBloggers.com moderator.
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