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原帖由 如花 于 2006-10-23 13:23 发表
1 t) ?* N; z; T" c- F0 V如果是买了nortel呢?
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6 A/ [! b# l/ q/ S1 {) UOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 7 `5 k1 M! |" j( |! L8 d
for Nortel Networks, where in the summer of 8 k8 v* U1 l; s* N0 m% A- D7 o/ m$ T
2000, there was LOTS of money around for bonuses). 5 R+ g& Q7 v9 d' M& A4 J% H" ]
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Jim, being an intelligent, financially concientious person, put the
% X! k! _* T+ C7 {whole $1000 into Nortel Networks stock. With his $1000, and the6 A0 {$ S% p' r8 q5 ^5 e! H
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
3 g' g) h+ T* f, j4 |Nortel stock climb and climb, he
! `. K( g5 A* W+ o8 |( |felt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different
$ G, o2 o m$ k- m2 e; pwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 3 F* x3 Y% t+ G9 j2 b
purchased 33 cases of beer. John also( [. b5 G4 t2 G) n0 |: ]
felt very good about his investment: 33 cases x 24 = is 792 bottles1 K8 M1 p; m0 ^! Q( `! a$ ^- b
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
- M, I& x! L6 f9 r) }$ dcalculated that he could drink about 15
7 V' z9 z) k6 ? W" l. b7 Ebottles per week, and he wouldn't have to buy beer for a whole6 H' E; N! b% a( m6 M) \! c
year.0 m0 a3 A: q( M5 D- H; S1 [
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Jim, of course, was appalled by John's purchase, and berated him
4 B" j$ z7 C5 [" V" uconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to . ]- e& n- R/ y7 }# w3 U6 @+ o
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+ B4 v/ j- t6 x
basis, would reply, "Ya, it will. Hang in there buddy".- {# f d1 D% Q7 t) l% M8 X
) _4 M" |: K; `9 ~6 cMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
' C5 {& |( ^- n$ Q3 }, @* H( e9 Anoticeable dent in the beer pile.' G. y5 U! K2 D& X
; C0 d' d4 l8 n. g8 J) Z- gMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ' y1 i. m3 Q3 j4 W* ]9 l3 Y
about half gone. Jim, being sure that the
$ S6 Y0 O+ ?0 m5 rstock had hit rock-bottom, still was berating John for his frivolous6 F" D& [& v% V x
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 5 X' E, L U3 t" U; a
worth!!".& A* R, Y( P2 X. }2 n9 A V
: w) a! _4 R- y6 K+ S1 F) zWell, summer has come, and hard times at Nortel continue. # x! H* Z( u8 x9 k: O
Bad news: Both John and Jim have been affected by the layoffs.5 f8 p! R1 R- K; Y3 Y- o3 z! x
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Last week, in order to raise some cash to help through& W. X f6 q, H7 C) @5 ]+ U
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the : v# Y0 q0 m$ q+ e
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
( p. x7 e. N2 u% q- H6 B8 Xneeds their friend's during rough times), and as luck would have. I+ b2 l) A2 J8 |5 e
it, there were two bottles of John's beer left. John, being a good,& o+ f4 ]. G a s7 U& W
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated & I6 D. G9 A/ ]8 p# }0 q
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ! y- r" B6 Y0 b! J( M# n# Q+ F
got fifty bucks back out of it - you have nothing now.", he said. % c$ e1 u' L9 w. O
# {) Y& y: V( p- y1 `$ ]' _$ ?"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
5 a. x( f4 ?2 ]2 T- t- U8 Vadded as his other friend with0 q( i* O- e5 Q2 } q
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.7 G/ @/ q0 S: e9 X; }/ a! r
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Upon arrival at the beer store, they unloaded the empties, feeling a
) F2 H4 p( Z( }; Llittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
' d# c2 l2 t! n3 A4 sbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as1 _* L9 ?; |7 P7 _9 Z% @
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
8 A: N5 F* A0 M L& \! ywould feel if you just discovered that over the course of the last year, your $1000 stock investment
: i+ \: R6 J" D$ U3 p8 _" q; a8 jleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 8 u2 N. x$ ?" F
$ s5 D1 X6 M6 S' _& W; i! oI'll leave it up to the reader to come up with they're
/ {" K' ]& \6 f: G$ x" [7 Pown "moral to the story".
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Have a nice day, and happy investing. |
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