Trading tips

On yet another wretched day for the financial markets, some sound financial advice from a commenter on the FT website:

If you had purchased £1000 of Northern Rock shares one year ago they would now be worth £4.95; with HBOS, earlier this week your £1000 would have been worth £16.50; £1000 invested in XL Leisure would now be worth less than £5; but if you bought £1000 worth of Tennents Lager one year ago, drank it all, then took the empty cans to an aluminium re-cycling plant, you would get £214.

So based on the above statistics the best current investment advice is to drink heavily and re-cycle.

Sounds good to me. Though do bear in mind that past performance is not a guide to future performance, and that the value of your empty beer-cans may go down as well as up, particularly if you mislay them while in a drunken stupor.

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One Response to Trading tips

  1. TK says:

    That’s a sad beer illustration. Yikes. In the past two weeks, I’ve watched our daughter’s college fund shrink by about a third. Don’t know whether to keep it in there and hope for a rebound or cut my losses…and I’m in the industry. Hope your family is faring well.

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