Friday, January 27, 2006

Bad Investment

Wahbert recently learnt that blue chips are for chipmunks.

It happened like this:

Times have not been good and the market shaky, but every so often people become restless with the same balance in their bank accounts. Wahbert is no different and a particular counter caught her eye. The company is well-established, loaded and very much sought after. Something like investing in national oil and gas companies. In short, Wahbert was impatient to invest and the counter looked pretty damn good.

Like most blue chip stocks, the cost of investment was high. But Wahbert thought, what the hell, the investment will pay for itself in less than no time, so Wahbert bought.

At the beginning, the company was performing and prospects looked good. Most of all, Wahbert loved the idea of holding blue chip stock. It was empowering. After awhile though, Wahbert began to notice that the controllers were not always accountable. Furthermore, the company absolutely refused to declare dividends, even though it was making money and had massive reserves! Worst of all, Wahbert realised that she was only a minority interest and the company treats its minority interest like dirt.

Readers, choose your ending:

Ending One
The next time Wahbert thinks to "make her money grow", she will put it in topsoil and water daily.



Ending Two
I wonder in how many more ways I can objectify and disparage the Stapler.

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