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原帖由 如花 于 2006-10-23 13:23 发表
1 j4 ?% N7 J7 m; n# @如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work * n* }" h7 a! L5 O( F! |
for Nortel Networks, where in the summer of ( a. @# D0 Y: y$ _' K5 m
2000, there was LOTS of money around for bonuses). 5 A" \# `6 I9 L: l5 \
) o, E- A8 p5 m# I6 M% p* T' mJim, being an intelligent, financially concientious person, put the* c, ?( v/ D; o* u; ]# U. }- I
whole $1000 into Nortel Networks stock. With his $1000, and the9 r L0 s+ X) `/ q
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the $ k# Z8 T7 p9 ^, \) p q' \! e3 P
Nortel stock climb and climb, he8 y |8 n$ x N) F! \7 y
felt very good about this investment, happy that he is preparing for the future.) i* e/ b! t7 V
: k- V! g! J- W' q# p3 Z7 T8 _John, being a more care-free sort, did something slightly different ) _1 T% U7 Y2 ^" z1 v% I {
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
/ m$ |0 r+ Q/ o) d0 a! k5 h6 rpurchased 33 cases of beer. John also
( z* Q* Z1 Q+ L. B# `felt very good about his investment: 33 cases x 24 = is 792 bottles
1 P$ |8 W. a% b( c2 @: bof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, . S. x! q3 z4 g7 `, n! [: \
calculated that he could drink about 15
( m& A6 F4 ~* Tbottles per week, and he wouldn't have to buy beer for a whole
7 q: Z- R# U* F o! a8 p" uyear.
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Jim, of course, was appalled by John's purchase, and berated him' N e: `/ T% b9 n% l
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ) L0 \, |. U0 |* [9 D5 z
dwindle. "It'll go back up", he'd say to John.5 x, M6 E L1 d! Z" b& A" S6 @
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John, who has been reaping the benefits of his investment on a daily
0 t7 Z6 ~" Z$ u( G! Y3 [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 T J5 q% a) t- X D z! Y
noticeable dent in the beer pile.- d2 y7 D/ O: w6 @
# }# ?) |" X. d, MMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
4 U5 q6 b# p9 Wabout half gone. Jim, being sure that the
0 J" o" `. _$ n) V- G7 r2 Vstock had hit rock-bottom, still was berating John for his frivolous9 ~/ Q2 M2 Y7 z
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
& n$ t5 {# x1 o! o1 vworth!!".
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Well, summer has come, and hard times at Nortel continue.
: s. p5 t8 R& ~' |Bad news: Both John and Jim have been affected by the layoffs.( ^( N' u3 N ]4 }* ?/ x
: _0 f1 m1 b3 f* q5 K% xLast week, in order to raise some cash to help through
% [9 C7 @( E Q5 S- p* T, F* Athe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
D/ a5 R' j# ~+ x: @6 I$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone1 I* W! \; z+ O# L! m8 c/ L M8 ?8 S
needs their friend's during rough times), and as luck would have) S4 G2 _) h: L6 l
it, there were two bottles of John's beer left. John, being a good,
2 n! `& E% g5 C, l% ]& ~/ pcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
$ C [' _+ {( `, J( P) uthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
6 ~/ A6 \+ }4 i# I/ q% a% v: F& h, Mgot fifty bucks back out of it - you have nothing now.", he said. 2 `) w" @) N' X: l. | M$ q4 v. \
, O7 K$ s$ b- q$ e& J" K# ?; k"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
1 A* p/ L5 s! w( Fadded as his other friend with
0 I M- _7 s1 {8 cthe 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
9 d" R0 k' I: c8 s' x9 ]$ i, z) Clittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
4 G2 O' O: i4 L% N o$ Fbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
- f# |1 j: [- g" M+ s2 H' Che handed him the money. & m: ^. R! d7 D6 z2 J" Q5 |
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Jim was speechless. Poor guy. Can you imagine how you
3 k9 X8 u9 L- x+ s+ s9 Q7 O7 V6 Gwould feel if you just discovered that over the course of the last year, your $1000 stock investment 2 F1 y3 [5 o& V: c* }3 \ m9 G
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. , b+ Z$ S" R4 `9 X
5 N) Q( j# U) N$ x2 FI'll leave it up to the reader to come up with they're
! A- t5 v( F0 d. X+ Nown "moral to the story". V1 o# j$ g2 M. y Y: H" k) B
% m! D2 ~* O/ N. }, d& b {0 RHave a nice day, and happy investing. |
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