My Retirement Fund

[She and I]

A friend of mine sent this to me and I thought I would share with Y'all

I knew I had a retirement fund somewhere.

If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today.
If you had purchased $1,000 of shares in AIG one year ago, you would have $33.00 today.
If you had purchased $1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today.
But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the aluminum cans for recycling refund, you would have received $214.00.
Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.
A recent study found that the average American walks about 900 miles a year... Another study found that Americans drink, on average, 22 gallons of alcohol a year. That means that, on average, Americans get about 41 miles to the gallon!
Makes you proud to be an American!
Richard

[YC1]

Bless you my son, you are a genius. I bought 5K Delta stock two weeks after 911. Sold it for 2K a couple of years later. Wish I had the beer math then. Same with my pile of Motorola stock.

[docj]

This is an amusing internet legend that has been circulated in one form or another for many years. Without examining the stock price claims, the value of the aluminum cans is fairly easily analyzed:

-$1,000 will buy about 1,000 cans of beer (a bit more or less, but the exact number doesn't really matter.)
-It takes about 34 cans to total about a pound of aluminum (again the exact number doesn't really matter)
-Therefore, 1,000 cans will yield about 25-30 pounds of aluminum
-Current price of aluminum cans is ~50 cents/lb
-Therefore, 1,000 cans will yield ~$15

The value of the $1,000 of beer is nowhere near the $214 claimed, regardless of what price the beer is actually bought at.

[TXiceman]

Well docj, you sure a spoil sport....

Ken

[okgc]

In Michigan a empty can of beer is worth 10 cents to return.
Therefore those 1000 empty cans of beer are worth $100.

[Dave and Jaime]

Quote:

Originally Posted by okgc In Michigan a empty can of beer is worth 10 cents to return. Therefore those 1000 empty cans of beer are worth $100.

Yes but remember there is a 10cent deposit charged at the time of purchase, too. If you found the cans in the trash, you would pocket the $100 but the OP premise was you spent $1000 on beer. You would have had to pay an extra $100 in Michigan deposit, which you get back from the empty. Of course, there was a Seinfield episode where the premise was to get aluminum cans from NY and bring them to a state like Michigan (which had a much higher return per can) and make a "profit". Natually, it never worked as planned.

[dsbike]

Does this mean I should stop drinking beer in cans? What is the price of recyled glass?

[DesertRhino]

I am going to wear blinders and go with the O.P.'s math.

May not be financially responsible but it is a lot more fun!!

[Wayne MD]

I say ban the math and let's open a beer . Here's to ya...

[w6pea]

Can we have a Pint of Guinness Black Lager and a Shot of Bushmills Malt 21



If We Can't Haul It....You Don't Need It ! Motor-T

[w6pea]

Quote:

Originally Posted by docj This is an amusing internet legend that has been circulated in one form or another for many years. Without examining the stock price claims, the value of the aluminum cans is fairly easily analyzed: -$1,000 will buy about 1,000 cans of beer (a bit more or less, but the exact number doesn't really matter.) -It takes about 34 cans to total about a pound of aluminum (again the exact number doesn't really matter) -Therefore, 1,000 cans will yield about 25-30 pounds of aluminum -Current price of aluminum cans is ~50 cents/lb -Therefore, 1,000 cans will yield ~$15 The value of the $1,000 of beer is nowhere near the $214 claimed, regardless of what price the beer is actually bought at.

Quote:

Originally Posted by okgc In Michigan a empty can of beer is worth 10 cents to return. Therefore those 1000 empty cans of beer are worth $100.

Here in Taxifornia, they charge $.10 CRV, most of the recycling ripoff centers will not pay that amount. Aluminum is $1.54 a pound....they give a coupon that makes it $1.80 I have a 35gal plastic trash barrel. I guess maybe I will be able to buy a couple of pints of Guinness .
The only problem is that according to the clowns at the recycling center you are only allowed to recycle 200 pounds worth a day. As per Taxifornia Law, also when you recycle more than 10 pounds at a time you must show your drivers License or any form of photo ID issued by the state or the govt.


If We Can't Haul It....You Don't Need It ! Motor-T

[CHCam42]

I love it. Not a beer drinker but....

[paz]

Quote:

Originally Posted by docj This is an amusing internet legend that has been circulated in one form or another for many years. Without examining the stock price claims, the value of the aluminum cans is fairly easily analyzed: -$1,000 will buy about 1,000 cans of beer (a bit more or less, but the exact number doesn't really matter.) -It takes about 34 cans to total about a pound of aluminum (again the exact number doesn't really matter) -Therefore, 1,000 cans will yield about 25-30 pounds of aluminum -Current price of aluminum cans is ~50 cents/lb -Therefore, 1,000 cans will yield ~$15 The value of the $1,000 of beer is nowhere near the $214 claimed, regardless of what price the beer is actually bought at.

...so you're saying I should have bought Delta Airlines?

[SRT]

Another example of why many 401K's are today's 201K's.... Glad I have a dedicated retirement fund from one place (worked there for 26 years before getting riffed).