In 1985 my dad and I went to his broker. We had just had a sizable commission on a sale of equipment to IBM (about 100K) and we wanted to buy some stock…. Like Bugs I was brought up to buy expensive fast cars and keep changing them. not exactly great financial advice.
Anyway our broker at Shearson-Leamen (american express) showed us 2 companies he thought were great. One was Microsoft (really at the beginning!) and the other was EFG (Equitek Financial Group)… EFG was a real estate trust. Long story short… Our EFG stock went from 100$ to .71cents. Please don’t tell me what the Microsoft would be worth today!
