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Stock Advice
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Teronzhul
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Join Date: Jul 1999
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Aug 4, 2002, 09:14 PM
 
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.
     
dawho9
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Join Date: Mar 2001
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Aug 4, 2002, 09:38 PM
 
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
- Intel iMac 20' Core Duo - 1GB RAM
- Technology Blog) http://portalxp.org/Web/blogs/rbrynteson/
     
CRASH HARDDRIVE
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Aug 4, 2002, 10:12 PM
 
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.
     
daimoni
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Aug 4, 2002, 10:51 PM
 
.
( Last edited by daimoni; May 3, 2004 at 11:02 AM. )
.
     
Patrick
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Join Date: Feb 1999
Location: California
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Aug 5, 2002, 02:21 AM
 
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.
     
OldManMac
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Aug 5, 2002, 01:32 PM
 
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?
     
   
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