Savvy financial advice from Jon Stewart


I thought I gave some pretty good financial advice back in October; however, Jon Stewart totally “scoreboarded” me with his advice back in Dec. 2000. I know it was intended as a joke (and a slam against Bush), but let’s take a closer look:

The price of gold in Dec. 2000 was $270/oz.

The price of gold today is ~$950/oz.

If you invested $10,000 in Dec. 2000:

  • In a mutual fund that tracked the Dow Jones – today you would have $6,635
  • If you had invested that money in gold – today you would have $35,185

Unfortunately for me, I missed this episode of The Daily Show when it first aired 😦

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