The 401 Keg Plan

This is circulating via e-mail and on the internet and so I thought I’d share it:

If you had purchased $1,000 of AIG stock one year ago, you would have $42 left.

With Lehman, you would have $6.60 left.

With Fannie or Freddie, you would have less than $5 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 had $214.

Based on the above, the best current investment advice is to drink heavily and recycle.

It’s called the 401-Keg…

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  • *chuckle*I first heard that joke c.2002, when my then-employer’s stock price had tanked in the dot-com bust, then been further hit by an accounting scandal. It concerned two laid-off employees, and their respective decisions on how to spend their bonus check from the previous year. The one had bought company stock, the other umpteen cases of beer (which in Ontario is usually sold in returnable bottles). You can guess the rest….

  • Forgot to add an angle of possible interest to someone such as yourself who deals with the origins of stories: I wonder when that joke got invented, and in connection with what fiscal disaster? (I’ll guess, the South Sea Bubble, but I don’t know if there was any salvage item at the time that could play the role of the returnable beer containers ;-).

  • There is a certain amount of sense here. I wonder how publicly traded stocks of companies that produce alcoholic beverages are doing. I would think that in crisis time they would be doing well!