Quote: DaButt @ October 6 2008, 12:12 AM BST
Ha!
If you had purchased £1000 of Northern Rock shares one year ago it 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.
http://www.spectator.co.uk/business/trading-floor/2095181/how-to-make-money-out-of-turmoil.thtml
Best bet if you bought shares instead of lager then would be to hang on to those shares, bite the bullet and reflect on the fact that investments can go down as well as up. QED. Shareholders just need to tighten their belts!
Plenty of money to be made in a bear market, apparently so although there are losers, there'll be winners too!