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You Could Win High-Speed Internet from Charter Communications For Life Global Threat - Blogging about the Internet + Technology + Computer Security + Gadgets + Common PC issues, and reviews. *Use The Archive List To Find More Posts* |
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posted by: Steve (reply) post date: 03.31.08 (6:57 am) I just saw that the high speed for life auction finished with a winning bid over $71,000. Are people really this foolish? I thought about bidding, but wouldn't have gone over 2 or 3 thousand. Here's why......First, assuming a $720 annual internet bill ($60 per month), You could conceivably deposit a big enough sum of money into a CD or T-Bill or annuity, or some other conservative investment and let your money grow with inflation and still pull off say 3% a year to pay your cable bill. That figure would conservatively be ~$22,000. Far less than the highest bidder......But you have to discount that number for a number of reasons...1) What if you move or die. 2) What happens if Charter goes belly up (check out their balance sheet and you'll see why I raise this point) and most importantly, 3) How much would you have bid for unlimited long distance calling for life back in say 1985? My guess is much more than the $20 or so a month that you can buy it for today..........Fools and their money. posted by: arhiderrr (reply) post date: 02.28.09 (6:25 am) Nice article |
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