Friday, October 10, 2008
Daily Diversion The 401-Keg Investment Plan
Posted by Brantley Hargrove on Fri, Oct 10, 2008 at 12:16 PM
That's what I'd call a nest egg
As the Dow plunges and investors scoop up stocks shedding value after a week of losses, there seems only one safe bet these days: Beer. I’m not talking about alcoholic escapism. Compared to WorldCom, Enron, or Delta Airline stocks, beer cans are a better investment. Call it the 401-Keg Plan.
A friend of mine who used to work for a hedge fund in Dallas sent me these figures: If you invested $1,000 in WaMu, you'd have $91.28 now. If you invested $1,000 in Freddie Mac, you’d have $21.29. A stockholder with $1,000 in Fannie Mae would be lucky to have $20 left. If, Heaven forbid, you owned some United Airlines stock when they declared bankruptcy six years ago, well, you get the idea.
Ah, but beer, on the other hand, is a sounder purchase than any of these investments. If you drank $1,000 worth of beer last year, then turned the cans into an aluminum recycler for the refund, you’d have $214 and a fun year. So drink up!
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