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原帖由 如花 于 2006-10-23 13:23 发表
7 c+ N2 E9 L- j4 Z9 G5 D9 \ p如果是买了nortel呢? , o S0 O u9 K
0 i' Z9 g. F z$ e. {! C+ sOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work % c' o8 y$ L8 v3 m4 x
for Nortel Networks, where in the summer of : }& p+ i* _" v* S% T
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the) j: V, g! C- ?' g5 k$ l% c
whole $1000 into Nortel Networks stock. With his $1000, and the% a# t r3 ~/ h' Y) Z* B# O& ~
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
3 r. H3 B" D( }# [, M3 o. o+ G7 sNortel stock climb and climb, he
8 }, G) F; c4 _& {( v/ N* V2 qfelt very good about this investment, happy that he is preparing for the future.. y2 _8 a4 A( w! j
! t: o' M6 [; P4 j% R- Y( fJohn, being a more care-free sort, did something slightly different 6 b5 Q B Z( w2 V% z" X( v- |7 h
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
# O R+ ~- m: W8 p8 dpurchased 33 cases of beer. John also9 [- s' k3 X5 _
felt very good about his investment: 33 cases x 24 = is 792 bottles6 {2 q- F" R y3 M, T5 h. W
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
& d. t% r* U- ` e' I1 G* o/ gcalculated that he could drink about 15
* A3 q: H6 ^( n7 q" Kbottles per week, and he wouldn't have to buy beer for a whole# {: G W/ P0 U' A, b A
year.0 ?' }& ~( M/ n( B
1 q8 b, `7 c6 c, v6 W$ l, Y4 SJim, of course, was appalled by John's purchase, and berated him" E/ L4 t0 k' L8 t' t1 c3 }" O
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to `5 _* N, X6 S# q6 p. F- c
dwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily" A7 ?! ?, \! t6 H6 W U
basis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a 4 s4 ~" w3 M" q9 u+ I {1 |
noticeable dent in the beer pile.; N3 [% a' }* h+ a2 n" z$ B: l. J
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ' {+ i7 e' C1 u+ {
about half gone. Jim, being sure that the
/ N: a; e C; s; f: x. W. Nstock had hit rock-bottom, still was berating John for his frivolous# o: ~' u$ b( }1 I# W/ F3 @9 F6 ~
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be * c6 Z H" R" k
worth!!".6 g' C$ `! N6 ?
, V- h& N2 x/ K7 C+ {Well, summer has come, and hard times at Nortel continue. 9 x) T9 {, x& x; A
Bad news: Both John and Jim have been affected by the layoffs.5 t1 \+ r* { }4 Z5 z/ v; q- C. g( S
$ |+ x" V; l# \; MLast week, in order to raise some cash to help through
* @% A& q$ h! K8 Hthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 9 u* d" f& [' |' m3 V0 L
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone6 c' T5 \( [ y( d( m+ d: k8 q
needs their friend's during rough times), and as luck would have
& T5 \6 [1 B% v( lit, there were two bottles of John's beer left. John, being a good,6 `2 U! u2 ~+ I
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
! A0 x, K0 X0 X5 F& m. B o7 h7 vthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
) w6 S+ h- Y$ T+ A8 J Mgot fifty bucks back out of it - you have nothing now.", he said.
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3 w2 z/ P) F" G: E; v: m$ i"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
' Z- p& t- {! _8 Radded as his other friend with7 u- H' d% d: R9 s2 A9 w e$ j
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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4 R) H r7 @+ o) o& h( pUpon arrival at the beer store, they unloaded the empties, feeling a
, K1 k) a5 |9 t, ]+ J) e" u* k! Xlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 / o4 ]6 F5 l; k) ~3 ^
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as: D" b4 c# f' W
he handed him the money. 3 }5 N: b0 p: j5 C
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Jim was speechless. Poor guy. Can you imagine how you
- O# L+ D. c! Jwould feel if you just discovered that over the course of the last year, your $1000 stock investment " _" O$ I \ s9 X- v
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 6 h C% \$ r, @# p* L" V; q" J i
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I'll leave it up to the reader to come up with they're
& V9 C7 I2 Z Iown "moral to the story".+ j: n: R' q" s
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Have a nice day, and happy investing. |
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