Written by C. Cranium
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Topics: Money, Invest

Friday, 5 March 2010

image for Shrewd Investor Spends $125,0000 to Make $50,000

Steve Saari, who lives near the Spruce Goose in McMinnville Oregon, is a high-flying intellectual investor. Mr. Saari invests in rare British vehicles without seats and has been quoted as saying " who needs to sit down on the way to the bank". His latest investment is a 1973 Range Rover that was purchased for $300. Yes it has no seats. Saari estimates the restoration will cost $16,593 and that he can sell it for $1200.

To the laymen it appears that Saari has blundered by spending -- on average -- $1.25 for a 50 cent return. But the layman does not comprehend the complexities of international finance and 3rd world currency conversion fluctuations on a macro-economic level. All the dollars pored into the 'investment' will be recouped in the afterlife in the form of pesos rather than dollars. At today's exchange rate, 12.7097 pesos per dollar, Mr. Saari spent 1.25 Units for the return of 6.0485 Units. Or for every 1 unit spent 4.8045 units are returned.

Now that is a whopping investment return and approaches that of investment bankers who wager the American way of life for a multi-million dollar bonus.

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The story above is a satire or parody. It is entirely fictitious.

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