Wally has been studying investments in school, so Ward thinks that the boys would benefit from some real-life experience. He matches the boys' money with his own and helps them select stock in the solid utility Mayfield Power and Electric.
Naturally, Eddie scoffs at Mayfield Power and Electric, and recommends Jet Electro stock instead, because it deals with "space age" technology. He guarantees Wally and the Beav that they will soon be rich if they switch their money to Jet Electro.
Soon the boys are scanning the financial pages (remember those?) and watch Jet Electro take off while their boring Mayfield Power and Electric stock barely budges off dead center. Wally and Beaver beg Ward to sell their utility stock and put everything in Jet Electro, because it has done so well. Ward reluctantly agrees, but what happens next makes Ward look like a financial genius and Eddie look like a fool.
I didn't laugh much during this episode but I did note that investing hasn't changed fundamentally since 1962. My own experiences with investing have shown that Ward was a pretty smart guy.
Naturally, Eddie scoffs at Mayfield Power and Electric, and recommends Jet Electro stock instead, because it deals with "space age" technology. He guarantees Wally and the Beav that they will soon be rich if they switch their money to Jet Electro.
Soon the boys are scanning the financial pages (remember those?) and watch Jet Electro take off while their boring Mayfield Power and Electric stock barely budges off dead center. Wally and Beaver beg Ward to sell their utility stock and put everything in Jet Electro, because it has done so well. Ward reluctantly agrees, but what happens next makes Ward look like a financial genius and Eddie look like a fool.
I didn't laugh much during this episode but I did note that investing hasn't changed fundamentally since 1962. My own experiences with investing have shown that Ward was a pretty smart guy.