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29.03.08 # 20:46 # Redneck Ramblings # 6 CommentsFollowing Ernie’s lead on his video posts, I too decided to rely on the writings of some clever unknown individual. The following email joke ended up in my inbox, so be aware I only gave the math and figures a quick glance. This does seem like a typical redneck retirement plan, though:
If you purchased $1000.00 of Nortel stock a while back, it would now be worth $49.00.
With Enron stocks, you would have $16.50 left of your original $1000.00.
With WorldCom stocks, you might have less than $5.00 left.
If you purchased $1000 of Delta Air Lines stock you would have $49.00 left of your investment.
But, if you had purchased $1,000.00 worth of Blue Beaver Beer or cheap wine one year ago, drank all the beer/wine, then turned in the cans/bottles for the aluminium and bottle recycling REFUND, you would have around $45.00 in your hands.
Based on the above, the best current investment advice is to Drink heavily and recycle. This way you get some entertainment value for your money.
I’m pretty sure Ernie and I are heavily invested in this redneck retirement plan already. How about the rest of you?
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Yeah that’s my husbands way to thinking too. LOL
Retirement plan?! I’ve been drinking heavy in the hopes that I wouldn’t live until then! Man - I can’t win for losing lately …
Well Tammy, you’ll have to let him know (or maybe you don’t want to) that he’s farther ahead than some wall street investors right now. And he might even have saved up a few pounds on his middle for a rainy day.
Canucklehead: You’ve done the drinking, just don’t forget to recycle. If you don’t make it your children can use the bottle money.
Yep that sounds like the extent of some peoples retirment planning. I bought a few enron shares to see if they would recover but knew I was probably throwing money away.
Expert Retirement Planning’s last blog post..Beware of Retirement Planning Mistakes
If you just save up all the bottles then you can turn all of them in when you turn 65 and retire off the money. You must be dedicated and drink as much as you can before you retire to build up your money and be lucky not to posion your liver before you can retire. The math works for me i just found my new financial advisor thanks.
Hey Canucklehead, that IS a retirement plan! Seriously though, that’s why diversification is important to investing. Not *every* company will fail. Some will actually make money and grow!