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Holiday Shopping with Deflated Stocks
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Still feeling shocked by how much your portfolio has fallen in value in the past couple of months? With the holidays upon us, here is a look at the purchasing power those shares still have. After all, a share of Berkshire Hathaway [BRK.A
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] can still buy you a Porsche 911.
This weekend, I was looking through the circulars in my Sunday paper and found some good uses for those "worthless" shares. First, let's consider Thanksgiving dinner. You can buy a nice 10 lb. Butterball Turkey for just one share of Microsoft [MSFT
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]. One share of AIG [AIG
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] can add some nice frozen vegetables and a share of General Motors [GM
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] is worth 5 lbs of yams. Note: All share prices are as of Friday's close.
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Now for Black Friday, the biggest shopping day of the year, there are some real deals you will find with your not-so-deflated shares. A single share of Google [GOOG
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] can still buy a 10-Megapixel camera at bankrupt Circuit City. One share of CNBC parent, General Electric [GE
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] can buy you over 100 multicolor light bulbs (not GE-branded) for your tree from Target [TGT
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]. Unfortunately, one share of Citigroup [C
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] on Friday was worth less than Chutes & Ladders or the Candyland game, but with the new TARP money, Citi is looking like it will rally today, if not by Friday. Finally, that Ford [F
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] share you have been holding on to could make a nice stocking stuffer, big enough to buy a 6 oz. pack of candy canes.
Looking forward to 2009. Happy Holidays!
- Slideshow: Blinging in the Holidays
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