|
|
Stock Advice
|
|
|
|
Grizzled Veteran
Join Date: Jul 1999
Location: FL Cape
Status:
Offline
|
|
Probably already posted, but worthy of a repost anyway.
__________________________________________________ _______
If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.
Based on the above, my current investment advice is to drink heavily and recycle.
|
|
|
|
|
|
|
|
|
Senior User
Join Date: Mar 2001
Location: Crystal, MN
Status:
Offline
|
|
Originally posted by Teronzhul:
Probably already posted, but worthy of a repost anyway.
__________________________________________________ _______
If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00.
With Enron, you would have $16.50 of the original $1,000.00.
With Worldcom, you would have less than $5.00 left.
If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.00.
Based on the above, my current investment advice is to drink heavily and recycle.
Of course, if you have put $1000.00 dollars into NBC Capital Corp on Aug 4, 01, you would have $1295.00 today.
Of course this coming from someone who has lost 40% of my retirement fund in the past 3 months. Thank god I am young enough to get it back.
Later,
dw9
|
|
|
|
|
|
|
|
|
Addicted to MacNN
Join Date: May 2001
Location: Zip, Boom, Bam
Status:
Offline
|
|
Why do newbie investors always look at the stock market with reverse logic? Maybe I once did too, I just can't remember it!
What does it tell you, that something that people once traded for $1000 is now trading at $49? That you should have bought it at $1000!?! Why!?!
Somehow people have an inate sense to see how investing works with tangible things. If someone is selling a house (a tangible investment) that once was going for $500,000 for $35,000... what does that tell you? "Gee, I'm a chump for not being around when it was $500,000!"
How about, BARGAIN HUNTING TIME!?
What about a car (another tangible investment)- was $35,000 now $3,000? What are most people going to be doing, BUYING or trying to sell at those prices? Are more people nitwits? I dunno, maybe so.
Here's one for ya... during the last bargain hunters dream come true (read 'recession' of the early 90's) $10,000 invested across a fairly diverse tech portfolio is now worth $827,000.
How 'bout 'dem apples?
Stock market is 'low'? Unless you're grandpa smith looking to cash out your retirement, that means it's time to BUY, not gripe about selling prices. It's a BUYER'S market. If you're young, that's exactly what you should be doing right now. Worry about a seller's market in 30-40 years. And don't be a chump in the meantime, sock away your profits along the way.
|
|
|
|
|
|
|
|
|
Occasionally Quoted
Join Date: Apr 2001
Location: San Francisco
Status:
Offline
|
|
(
Last edited by daimoni; May 3, 2004 at 11:02 AM.
)
|
.
|
|
|
|
|
|
|
|
Mac Elite
Join Date: Feb 1999
Location: California
Status:
Offline
|
|
I'll second that. I'm not much of an investor myself, though� if you could just tell me which stocks will go up, feel free to message me. If you have inside tips, I won't tell anyone�
The economy will recover. The only question is when that will start to happen.
|
|
|
|
|
|
|
|
|
Addicted to MacNN
Join Date: Jul 2001
Location: I don't know anymore!
Status:
Offline
|
|
I had a conversation with my stock broker early this morning; he asked me if I wanted fries with my Egg McMuffin!
|
Why is there always money for war, but none for education?
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forum Rules
|
|
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
|
HTML code is Off
|
|
|
|
|
|
|
|
|
|
|
|