 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表% f' {" j8 o) F) H
如果是买了nortel呢? ; [: Y. i- a; V
. p) G# X5 t D& a# t2 k2 K0 }On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work . L$ W% |8 q. w N% N* `" v
for Nortel Networks, where in the summer of
; }# ]9 d7 D, `6 |2000, there was LOTS of money around for bonuses).
3 c7 a8 \# } R3 e0 y4 T2 y U6 L; F/ l1 `: b& [
Jim, being an intelligent, financially concientious person, put the) }% d5 N- s8 [) ]5 s# S2 J
whole $1000 into Nortel Networks stock. With his $1000, and the
/ P2 u! F8 K1 u7 F, Rtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the - s& l6 R0 h+ W
Nortel stock climb and climb, he
8 `; c; h8 g6 x5 }* s* z2 _% Efelt very good about this investment, happy that he is preparing for the future.9 h5 r9 f& s2 e1 l) Y* L2 Q; X
$ i+ u1 K4 m( W; v l8 ^/ ~
John, being a more care-free sort, did something slightly different
7 S" b( k7 [% D+ G5 T5 w' m% Swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
$ v) B h# J0 s: ]+ f+ g! Ppurchased 33 cases of beer. John also
- q3 V! \9 h3 y0 hfelt very good about his investment: 33 cases x 24 = is 792 bottles
! J8 N6 H0 e- \, A6 s- _of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
! y) D; z8 T. q! E# e! Bcalculated that he could drink about 15 . ]" Z1 y [2 g+ `
bottles per week, and he wouldn't have to buy beer for a whole
& D3 ?2 f+ y+ N$ eyear./ g! R D* C% A& J/ P
! t6 b& W( a) h$ QJim, of course, was appalled by John's purchase, and berated him
# D; J& {" G- c( h' a, Bconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
5 d. {- n1 Y! a2 O, M7 m' Fdwindle. "It'll go back up", he'd say to John.
1 E9 l: N0 E; d$ O; n* A: u K4 ?6 _) P) @" V1 f9 U, {# `
John, who has been reaping the benefits of his investment on a daily" r/ S" F Z( \1 x2 O; G
basis, would reply, "Ya, it will. Hang in there buddy".
# j2 ]5 K' U4 e# ^: h# B, F; _1 {6 f% V4 X9 y# y2 @: F3 }7 i
Months went by, and the value of the stock continued to fall, and there was the beginnings of a
( B2 P k5 t" S: S$ z+ ]( N) Xnoticeable dent in the beer pile.; n% n+ t5 C' n
* X2 q9 v% d7 k2 W, V1 J' Z; C
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
3 }! l" t* e o/ z4 Zabout half gone. Jim, being sure that the
. L3 }2 o4 t+ h" o, Xstock had hit rock-bottom, still was berating John for his frivolous
! y ?/ G Y: _2 K: P. opurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ) }3 \2 F8 ?: \) L6 i
worth!!".
) u6 H/ s D7 D3 Z+ h' P+ N7 B8 g! J. Q# Q+ r' u* h& z5 j
Well, summer has come, and hard times at Nortel continue.
8 @, B8 m9 q0 O/ f% VBad news: Both John and Jim have been affected by the layoffs.
* G j; j& b% K
; |# J7 D+ T- P3 n) u4 ^Last week, in order to raise some cash to help through
$ D2 a+ X6 W% r( r" X+ R7 W* ]2 O. Kthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
7 p; f0 d+ T- a3 f' r$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
1 [" A R% y4 j' j" T. q d. aneeds their friend's during rough times), and as luck would have% B9 ?3 T4 b7 H7 y
it, there were two bottles of John's beer left. John, being a good,
2 X4 a' p2 W3 B* P4 {compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
/ Z( K7 ~" }) M+ Cthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ( n) I; G) D0 T4 @* b
got fifty bucks back out of it - you have nothing now.", he said. . u- ^4 l! `5 ^5 o- z+ R% f- p
( I) q: k( b. p"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 4 V* S: ^1 q/ |5 u$ o; P7 K
added as his other friend with
* ^5 M: D/ l6 S& a/ lthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.! [5 _' R' z+ J! x1 I
+ Q+ X- f- y, `/ h' R% w4 Z
Upon arrival at the beer store, they unloaded the empties, feeling a
5 E9 S) R! }- \3 \# C5 `little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 * }4 P- @; R' g
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
% J5 f7 s3 z1 F( `4 Jhe handed him the money.
* {2 K# G% ^( {* l$ {" h* B; q( r6 R& C- Z1 R m
Jim was speechless. Poor guy. Can you imagine how you
$ |5 q( Z( L6 x9 i) lwould feel if you just discovered that over the course of the last year, your $1000 stock investment : m V+ m% I4 e% z. s) z
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
) ]5 {! ^& e2 B2 e
: o1 E0 I9 r8 v% Z% v, u3 T# R+ U8 I7 \I'll leave it up to the reader to come up with they're
1 f- L' h9 K \9 I0 yown "moral to the story".
( r: U$ L' H* \7 B
y& u( A1 ?* i- F% UHave a nice day, and happy investing. |
|