Retirement Planning: Author Unknown

Comment by Craig

Although this is a joke, there is a lesson to be learned here. Bush wanted to put the Social Security funds in the stock market. This was rejected by Congress, fortunately. I am skeptical about the supposed $214 for cans. I think the author stretched the truth to make a joke.

Retirement Planning

If you had purchased $1000 of Nortel stock one year ago, it would now be worth $49.

With Abitibi stock you would be left with .50cents

With Enron, you would have $16.50 left of the original $1000.

With WorldCom, you would have less than $5 left.

If you had purchased $1000 of Delta Air Lines stock you would have $49 left.

But, if you had purchased $1,000 worth of beer/wine one year ago, drank all the beer/wine, then turned in the cans/bottles for the recycling REFUND, you would have $214.

Based on the above, the best current investment advice is to drink heavily and recycle.

Comments: 10

Mary Ann Slavcheff Mar 17, 2009, 12:32pm UTC

Stick with the stock market. There are real bargains there. And what goes down, must come up.
it is the most intelligent gamble.

But this is funny.

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Kelly F. Mar 17, 2009, 1:00pm UTC

You must have been thrilled to read last October about the House Democrats' plan to nationalize 401(k)'s and force all workers to invest 5% of their income in government bonds they can no longer sell to the Chinese.

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Renee (Pres of Baby James Foundation) ~. Mar 17, 2009, 3:57pm UTC

Thanks for sharing.

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Rude D. Mar 17, 2009, 9:55pm UTC

Did a little research on an Obama basher who was an economic "Expert" yet the Basher furiously tried to get Uncle Sam to get our Social security in the stocl market and wrote a book Dow 36000, about how the dow would reach 36000. And this idiot says Obama does not know what he's doing?
We'd be in trouble times 10 if we listened to this fool and he wants us to listen to him now?

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sarah h. Mar 17, 2009, 10:35pm UTC

LOL....great one!!

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Craig Olson Mar 18, 2009, 9:52am UTC

The Republicans, confident in the stock market, wanted to privatize Social Security. What a disaster that would have been! They wanted to put the Social Security money in the stock market, thinking that it would go up.

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Craig Olson Mar 18, 2009, 12:11pm UTC

Social Security was started by Roosevelt over vehement objections from the Republicans. The rich did not want to help the elderly.

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Craig Olson Mar 19, 2009, 10:34am UTC

There are only two legislative branches. When Clinton was in there we had a budget surplus. What never ceases to amaze me is that Rush Limbaugh thinks that global warming does not exist. He thinks he is smarter than the top scientists of the world. I might do a piece on that if there is interest. Limbaugh also claims that he is right 99% of the time according to a survey. He probably paid for that survey. At first he denied that there was anything wrong with the economy when Bush was still in power. Now that Bush is no longer in power, he admits it.

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Retirement Planning: Author Unknown

Comments: 10

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