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原帖由 如花 于 2006-10-23 13:23 发表1 x, N! {. n% a% D" \' s. b
如果是买了nortel呢? \ w% X3 g1 f: z
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 3 _: k# u0 S- h' n8 q- ^: ~
for Nortel Networks, where in the summer of # _# o2 P# @& i: h1 n
2000, there was LOTS of money around for bonuses). + z* U: V# u$ z
) `" t1 D) {, h E! X7 l* [Jim, being an intelligent, financially concientious person, put the
0 W" I3 e# C4 F+ o' q& T7 Jwhole $1000 into Nortel Networks stock. With his $1000, and the7 y" e) G& z9 P- q. q3 O4 N- Y2 J
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 2 A3 A* u% [9 a( [/ A% R2 W, h
Nortel stock climb and climb, he M9 |9 k' ]4 z0 Y$ U
felt very good about this investment, happy that he is preparing for the future.$ G8 L1 \% f4 n1 t! m
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John, being a more care-free sort, did something slightly different
- G9 A1 `4 g4 y! b/ T: p: swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
* C0 k4 {" X5 u" o- @purchased 33 cases of beer. John also- a2 U$ t) t9 C" [
felt very good about his investment: 33 cases x 24 = is 792 bottles
) N- r9 J; |" h3 l: m! Mof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
5 C- \1 n }& p) d" d, p9 b$ ycalculated that he could drink about 15 4 M3 } H% W; j; c& l/ S3 T
bottles per week, and he wouldn't have to buy beer for a whole# K! t3 _3 c' o1 |( T4 }
year.
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5 Y% }# x( H" k- j- ?+ q1 K1 |Jim, of course, was appalled by John's purchase, and berated him
7 }' P6 R% z% F f# c1 Lconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 8 S1 a4 ?/ F1 i' W
dwindle. "It'll go back up", he'd say to John.
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0 l4 M1 [; ~( H& s7 R' LJohn, who has been reaping the benefits of his investment on a daily
5 c, }! A, R( C, e7 S% T2 fbasis, 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
9 u+ ~! W5 r+ \* o L: X/ z2 ~noticeable dent in the beer pile.
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! l# B3 ~6 {% L% R2 v) _) l% zMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was - o" {, A- l) X; I) h0 X
about half gone. Jim, being sure that the3 a! Y7 B, `8 L4 {
stock had hit rock-bottom, still was berating John for his frivolous
$ H+ I# z( K( {5 G) t3 vpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
) O5 u1 a1 [1 xworth!!".
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. L; R9 d7 F) F" U2 i7 x: R8 vWell, summer has come, and hard times at Nortel continue.
+ y6 v5 u/ l4 Q( N' @Bad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through
: O- V9 s+ P) o& _9 m$ ]the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the ( ^, [5 }8 j% _& g
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone( e+ b; q. E" c8 m4 s
needs their friend's during rough times), and as luck would have
( S y, v' L5 F/ T- wit, there were two bottles of John's beer left. John, being a good,7 `+ l8 f8 t! j& N
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
0 W5 L$ E$ x7 L4 t `the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
/ x4 n% g5 R9 j& m qgot 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
8 ]3 U5 E4 a% G" V2 D3 oadded as his other friend with- N0 J/ A7 V" V5 g* Z& D5 w
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.( I% I o& `2 `/ D; j/ z/ j
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Upon arrival at the beer store, they unloaded the empties, feeling a7 S" V1 P' D& r, e% r1 u
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
: ]0 d) Y0 q6 k4 `- ^( K% Q8 ?bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as. h# y! K. {: K
he handed him the money. ! N6 ^6 e9 ^7 I/ {3 {: q
/ j2 Z$ q8 m w( }Jim was speechless. Poor guy. Can you imagine how you {( @$ {$ F( M
would feel if you just discovered that over the course of the last year, your $1000 stock investment
9 T, J( {1 j$ kleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 4 a9 F. N4 k" L3 [0 B
( B6 S( k2 c& JI'll leave it up to the reader to come up with they're4 {! i$ ^, g0 O* p' \
own "moral to the story".
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) `6 |2 F8 x7 w8 b% p5 |2 s7 KHave a nice day, and happy investing. |
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