If you had purchased $1,000.00 of AIG stock one year ago, it would now be worth $56.91.
With Washington Mutual, you would have $4.58 left of the original $1000.
With ‘Fannie Mae’, you would have $11.34 left.
If you had purchased $1000.00 of Lehman Bros one year ago it would now be almost worthless; less than $0.86.
But, if you had purchased $1000.00 worth of beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00.
Based on the above, the best current investment advice is to drink heavily and recycle.
JASON’S NOTE: The real “value” in this funny story is that “real thing” (the aluminum commodity) has value and the bogus paper stock has no real value as it is part of the “virtual economy” – invest in “Packaged CommoditiesTM” with the “real estate” label on them.
