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Old 03-29-2004, 06:16 PM   #1
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Default Financial Advice....

If you had purchased $1000.00 of Nortel stock one year ago, it would now be
worth $49.00.

With Enron, you would have $16.50 left of the original $1,000.00.

With WorldCom, you would have less than $5.00 left.

But, if you had purchased $1,000.00 worth of Beer one year ago, drank all
the beer, then turned in the cans for the aluminum recycling price, you
would have $214.00.

Based on the above, current investment advice is to drink heavily and
recycle. It'* called the 401-Keg Plan.
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Old 03-29-2004, 06:19 PM   #2
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Great looking sig.
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Old 03-29-2004, 06:26 PM   #3
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that might have covered the rehab cost
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Old 03-29-2004, 06:28 PM   #4
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Quote:
Originally Posted by aviator327
Great looking sig.
Thanks, you too
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Old 03-29-2004, 08:45 PM   #5
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Hang on there tiger!

I bought 1000 shares Nortel at $1.67 and another 1000 shares of Nortel at $1.19, I watched it drop to $0.67 and sold it at $5.18 per share.

I bought an Olds Aurora with my profits.

Had I kept it and sold at $11.54 that it got to recently, I could have bought serveral Aurori , an SSEi and as much beer that would fit in the trunks

Party at my house
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Old 03-29-2004, 09:33 PM   #6
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I have a client/friend to whom I sold 500 shares of JDS Fitel (later to become JDS Uiphase) at new issue, total cost was $6,000.

Moving through the time, and accounting for the stock splits, his adjusted cost base is now $0.92 on those shares. At it'* peak in 2001, those shares were worth more than $800,000 Cdn. He being wiser than me (yeah right) would not sell the shares for 2 reasons - becuase it wasn't much further to go until the value hit $1,000,000 and secondly because he didn't want to pay me a commission of 2% to sell them. Remember that I offered him the shares at new issue, in fact I had to encourage him to buy them despite the fact I had a waiting list .

At this time he still owns 5,000 shares of JDS Uniphase with a cost of $0.92. He has still made a lot of money but nowhere near its peak.

Clients always know more than those in the business when it comes to investments

I'm having dinner with this guy and another client on Saturday night...I'll be sure to bring it up...again!.

Cheers,
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Old 03-30-2004, 01:24 AM   #7
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I still like the original plan.....

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Old 03-30-2004, 01:29 AM   #8
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Old 03-30-2004, 01:38 AM   #9
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Quote:
Originally Posted by SSE14U24ME
that might have covered the rehab cost
not my rehab cost
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Old 03-30-2004, 02:57 PM   #10
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how do you buy stocks?
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