Sunday, 10 May 2009
Willhelm in 2009 Wall Street
Who knows if Willhelm would still be as excited as he appears if he was living right now, in the middle of the financial crisis in the United States, and in the whole world. This market can be a money-making machine, but it can also drain your money away. Since my father works in the Citigroup, we've felt the crisis at home. My father was left in charge of an amount of work that is usually done by five people, and his salary was cut off. My uncle invested in Citigroup stocks when they where costing about 30 dollars. Now they're in 4 dollars, and they where in 97 cents for about a week. However, as my father says, big crisis hold the greatest opportunities. Imagine if you bought 100 stocks at 97 cents and then resold them for 54 dollars (The highest citigroup stock value in history.) You would win about 5300 dollars! But then imagine if you bought 1000 stocks for 97 cents, which is 970 dollars, and then the government decided to nationalize the bank. Then you’d lose all your money. So yes, this book was written just after world war two, when the economy was not very good but it was fine. I wonder what would’ve happened if it was written now. Would Willhelm still be dreaming about the stock market?
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