This was passed on through a friend of mine and sounds like pretty sound advice:
If you had purchased $1,000 of Delta Air Lines stock one year ago, you would have $49 left.
With Fannie Mae, you would have $2.50 left of the original $1,000.
With AIG, you would have less than $15 left.
But, if you had purchased $1,000 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 cash.
Based on the above, the best current investment advice is to drink heavily and recycle.
(Hat Tip Drew Meyers and Michigan Green)
© 2009
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Let’s call Justin, tell him to bring over a case! :-)
@Ricardo — I pitched this savings plan to Tammy and am still waiting for approval to invest our 401k into this plan. Stay tuned, I might be over with a couple of cases soon.