 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
: ?% f: i5 {7 k' {4 @如果是买了nortel呢? $ @3 I% y5 W% b1 o+ ^' a
: _ q& \% O, U! M
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ) W8 b0 e; e" R; X$ U+ L
for Nortel Networks, where in the summer of ! a; Y! `% U' q, O
2000, there was LOTS of money around for bonuses).
, \" I) R- X) y5 M2 q$ u; K, d% R6 l8 o- i7 R8 ]
Jim, being an intelligent, financially concientious person, put the
* u; a9 }7 p2 g( bwhole $1000 into Nortel Networks stock. With his $1000, and the" y7 b6 M c6 s4 |. d
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 4 d. T* p, X- T/ N2 d
Nortel stock climb and climb, he) g# s; k, _0 R5 j+ P/ Y3 j8 H
felt very good about this investment, happy that he is preparing for the future.6 W% \, S; B3 ]# p
5 n% V6 n# {: `
John, being a more care-free sort, did something slightly different
$ {* _8 K* @, K: uwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
& x7 S4 ?9 F+ ]* J, g3 V( ipurchased 33 cases of beer. John also
" ~/ V4 P* y6 d1 `& ~1 Pfelt very good about his investment: 33 cases x 24 = is 792 bottles" R, G/ I$ J/ z' K
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
3 N% y' [3 o X0 Ocalculated that he could drink about 15
# p% N& O) W8 u/ Kbottles per week, and he wouldn't have to buy beer for a whole
/ Q/ O9 P* |+ ayear.# b* ]( J# E' y' }
) c2 ^! s: N4 b$ j+ XJim, of course, was appalled by John's purchase, and berated him
" ]- [2 b" A5 E/ [3 Kconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
' m! y5 j# I& ~) J5 h5 I; Ydwindle. "It'll go back up", he'd say to John.; Y3 \* q2 T9 P0 m7 m- X
1 I, M( n% v) e h; d g, R# E4 FJohn, who has been reaping the benefits of his investment on a daily8 |* j5 ~! D. A4 F3 N3 O( \# F
basis, would reply, "Ya, it will. Hang in there buddy".
* I( B9 U4 H2 ^+ G: r a/ {; c! u: V3 v% q- Y4 ?! V
Months went by, and the value of the stock continued to fall, and there was the beginnings of a + V% i- I2 u* T3 g8 a
noticeable dent in the beer pile.- e6 V- ?! z- j5 H/ |. g
+ `, ]9 g# z% E* s/ B0 K# sMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 0 {6 l. F9 O0 Z1 i
about half gone. Jim, being sure that the A, h, H* x6 R+ ~$ {% u% B
stock had hit rock-bottom, still was berating John for his frivolous
( b7 }2 b F" y% B p0 bpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be " R1 j5 F3 C6 h
worth!!"., R$ O% `' z6 r6 g. j
2 g; \0 k' p* p8 ^8 b/ x. U2 M& qWell, summer has come, and hard times at Nortel continue. , e2 n" Y8 V* \; l; `
Bad news: Both John and Jim have been affected by the layoffs.
" V- U$ j) o3 j; W+ @% c# h# J6 q8 W7 l1 V
Last week, in order to raise some cash to help through. a3 m; m6 |/ {
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 8 j a$ e/ v" Z; v% F& v
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
, ^2 x, D: q# f1 h dneeds their friend's during rough times), and as luck would have
! d$ H. N/ u9 h3 |2 d% Pit, there were two bottles of John's beer left. John, being a good,% E- B9 h2 {4 z. B: n
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated : k9 q3 _ p5 B8 L0 ^0 h, E4 y
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I * K% t9 _" f [- j
got fifty bucks back out of it - you have nothing now.", he said. , G3 Q3 n1 s- o
1 Y9 s, O# S5 n2 M3 |. W"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ( x2 i3 x9 X+ [) k2 |7 K
added as his other friend with
: e& }( r* X( ]- }- {" ~the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
, H- i0 Q# d% M
( n$ B5 ^% h% x0 e$ MUpon arrival at the beer store, they unloaded the empties, feeling a
3 b2 V5 T8 s9 t" }4 x1 v& rlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 - A" [, u6 K# |6 S$ J: B
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as; d9 M& \6 J) ^- Q
he handed him the money. 5 X1 F) L& o3 N! l
8 e/ m9 X4 T$ @. r. _( i" KJim was speechless. Poor guy. Can you imagine how you
( H# n2 n7 m+ X" rwould feel if you just discovered that over the course of the last year, your $1000 stock investment 7 h3 o a& e; v3 z2 r: Y2 r) J. ]
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
1 T! |0 i8 x% O- B+ p. u. ^
0 n1 l1 B8 i/ V# SI'll leave it up to the reader to come up with they're
8 E0 v6 `6 H% ?' Gown "moral to the story".
- g5 u) Z# H7 I1 @( @; a( V9 U5 ?/ ^, r+ e& S2 p1 n! _% ^
Have a nice day, and happy investing. |
|