Dead Donkeys and Wall Street

This story was sent to me by a financial advisor client of mine.  Thought you’d enjoy it!

 

Young Chuck moved to Texas and bought a donkey from a farmer for $100. The farmer agreed to deliver the donkey the next day.

The next day he drove up and said, ‘Sorry son, but I have some bad news, the donkey died.’

Chuck replied, ‘Well, then just give me my money back.

‘The farmer said, ‘Can’t do that. I went and spent it already.’

Chuck said, ‘OK, then, just bring me the dead donkey.’

The farmer asked, ‘What ya’ gonna’ do with him?’

Chuck said, ‘I’m going to raffle him off.’

The farmer said ‘You can’t raffle off a dead donkey!’

‘Chuck said, ‘Sure I can. Watch me. I just won’t tell anybody he’s dead.’

A month later, the farmer met up with Chuck and asked, ‘What happened with that dead donkey?’

Chuck said, ‘I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.’

The farmer said, ‘Didn’t anyone complain?’

Chuck said, ‘Just the guy who won, so I gave him back his two dollars.’

 

 

Chuck now works on Wall Street.                

 

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Securities offered through USA Advanced Planners (Member FINRA/SIPC). Advisory services offered through USA Wealth Management. USA Advanced Planners and USA Wealth Management are affiliated companies. The illustrated story is hypothetical and the opinions expressed herein are those of the writer and not necessarily that of the above noted affiliated companies.  

Investing in market related securities involves a risk of principal loss. Prior to making any investment decision, the services of an appropriate professional should be sought as investment related recommendations are dependent upon the personal financial situation of each individual investor.

 

 

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