I received an email from a friend the other day explaining that if we had purchased $2,000.00 of Nortel stock one year ago, it would now be worth about $98.00. If we had purchased stock in Enron, we would have had $33.00 left of the original $2,000.00.
With WorldCom, we would have had less than $10.00 left. Think about that… If we had purchased $2,000 of Delta Air Lines stock we would have less than $100 remaining.
But, if we had purchased a good fly rod and reel, a fishing license, all the flies we need for the season and $1,000.00 worth of wine, we could have spent the last year fly fishing, drank all the wine, then recycled the bottles and would still have the rod, the reel, great memories of relaxing days, lower blood pressure and about $100 to spend on more flies from refunds through recycling the bottles.
Based on the above, logic would dictate that in the event of economic downturns we should all cash out our stock portfolios, take up fly fishing, drink good wine and recycle!
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