So a friend sent this to me recently, and with all the time it takes to build a great portfolio, I thought that this might be useful to some of you.
Subject: Retirement Advice
If you had bought $1,000.00 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.
If you had bought $1,000.00 worth of Budweiser (the beer, not the
stock) 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, my current investment advice is to drink heavily and
recycle. This is my new retirement program.
I call it my 401-Keg program
If that doesnt work for you, Gary Fong did the next best thing. He took the money he made from photography, started small businesses, and now own amazing rental property’s… His is probably a more consistant plan, but the 401-Keg sounds like much more fun.
I am getting ready to head off to Washington DC to shoot a birthday party on the USS Sequoia on Saturday. The Sequoia is a presidential yacht that is on the Potomac River in SE DC.
Pics will follow after I get back…