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原帖由 如花 于 2006-10-23 13:23 发表
6 s# ^7 Q: q& x如果是买了nortel呢? / E! H' c0 z I* _% y* W
( s+ P' y# U$ }8 P' j* {On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work * g4 b$ W6 o0 ]
for Nortel Networks, where in the summer of
: o$ D. I7 @* b- t& G2 H# t( j' t0 q2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
- y/ r( H. A. X# Hwhole $1000 into Nortel Networks stock. With his $1000, and the7 D9 G" F2 H% X* ?
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
5 ]' e* e! n, {+ R3 o" b, INortel stock climb and climb, he6 C1 t5 Z7 c5 t w& K# g
felt very good about this investment, happy that he is preparing for the future.. y9 d( K4 l. O; G
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John, being a more care-free sort, did something slightly different
+ ~! _; _! X, kwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he & i7 b( J% c9 S* b% L
purchased 33 cases of beer. John also+ S( k g$ `6 S1 Z& r7 b
felt very good about his investment: 33 cases x 24 = is 792 bottles
8 C2 r8 \& r1 P5 s6 t L( Eof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, : A1 c2 I% y$ l: O$ f# V! y
calculated that he could drink about 15
2 W" c- N7 P% u9 ~; `; \bottles per week, and he wouldn't have to buy beer for a whole
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* F4 Z, @% b, t! `" F4 _5 UJim, of course, was appalled by John's purchase, and berated him+ A* u5 {- _: F ^' V, L
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
6 |! j4 M$ b. }dwindle. "It'll go back up", he'd say to John.
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! o* U' a \: H0 L8 b, {9 M/ eJohn, who has been reaping the benefits of his investment on a daily3 l1 i+ ~# A: f+ T( i$ B
basis, would reply, "Ya, it will. Hang in there buddy". y9 F2 [$ h# U2 q0 b, o3 d
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a % S4 C' I$ i0 B+ `, @5 |7 U
noticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
! Q0 K h" r! J' _7 [$ P' A5 jabout half gone. Jim, being sure that the
0 w/ `2 V) r% h4 n! Mstock had hit rock-bottom, still was berating John for his frivolous
, w6 ] q$ f# o8 M% _: Y" h1 Jpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
5 ?! g1 U1 i# X; Qworth!!".# P, \; g5 Y4 |$ T7 Y
+ H6 A- w9 V0 rWell, summer has come, and hard times at Nortel continue. # P7 V% j. e& W0 f* i+ u, s
Bad news: Both John and Jim have been affected by the layoffs." Z9 U8 L1 [/ b
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Last week, in order to raise some cash to help through
0 { v, E; _( Q2 P' vthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the & f9 H7 n. `, t7 q& @
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
$ g8 C$ O! ~: u1 L" |$ _8 Nneeds their friend's during rough times), and as luck would have' i) D6 r" B8 N7 o7 U8 V7 r" a
it, there were two bottles of John's beer left. John, being a good, Z* ]( c* \( Z0 e/ \; C6 V
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
9 X7 F; {, c7 n. t( v! xthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
2 Y) M# Z9 C- P7 ~$ t' j- \got fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 5 T( o6 k7 R, X' c+ p
added as his other friend with
% m) i) B0 V2 K5 _/ lthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a
. ^1 a8 P! W3 @' Xlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 " @/ o1 Z% a, t$ O. T8 g: K6 j4 G+ @
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as* p3 a1 Y3 n# a2 F
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
% m# A S) L# }) Mwould feel if you just discovered that over the course of the last year, your $1000 stock investment ; a3 ^3 u) S m8 o: n% H/ f
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
/ ~: f& h6 z x# zown "moral to the story".9 n: d7 ~) f- X
0 _2 O( A9 X) ^7 u: E8 qHave a nice day, and happy investing. |
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