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原帖由 如花 于 2006-10-23 13:23 发表
, u ~7 g7 r2 d4 t! y如果是买了nortel呢?
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, T" ` O% Q, yOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
3 s/ C$ T# Y9 f$ L7 i, Q- X/ ffor Nortel Networks, where in the summer of
+ r$ a* O6 B% D) p$ h- g5 h& D2000, there was LOTS of money around for bonuses). & Y2 w! x3 Z3 s' s4 b4 d) b
U- `5 H% M, Y& UJim, being an intelligent, financially concientious person, put the8 d3 B/ ^8 A5 y# N( F# X
whole $1000 into Nortel Networks stock. With his $1000, and the% |% L D! _0 ^5 |1 t, z
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ( W V! N- p1 @) l4 Y2 o {1 F
Nortel stock climb and climb, he& x% c5 g5 M. z; R3 L
felt very good about this investment, happy that he is preparing for the future.7 R* R9 n9 u" j: r* G: y( L
% e: t: }+ k' y9 y$ s) |John, being a more care-free sort, did something slightly different ' V+ c% F6 x2 N8 G( j' O: ]
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
4 `7 o9 i9 w9 P5 @' \purchased 33 cases of beer. John also
% b5 L! ^5 ?0 Z; g, x6 Ofelt very good about his investment: 33 cases x 24 = is 792 bottles" @- O9 G" |. u
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, - `, m6 B4 r v3 s! F$ _1 k' n6 l
calculated that he could drink about 15 9 F. p) F' {( D+ N& j% }; S4 C
bottles per week, and he wouldn't have to buy beer for a whole+ `5 e: B$ \6 b' I
year.
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# m. J4 D2 ~' u: Q% w' d% J! f/ VJim, of course, was appalled by John's purchase, and berated him# w5 ~! a# j4 B) P: k+ G3 ~: [9 x
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to % v: G+ [' K! _( v4 X! ? ^0 ~
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$ Q; ?# O9 ~5 \
basis, would reply, "Ya, it will. Hang in there buddy".
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5 i% D2 A% h* ~( u7 b8 t7 FMonths went by, and the value of the stock continued to fall, and there was the beginnings of a - J, O, X, B B! s* c
noticeable dent in the beer pile.& y$ v; U0 w6 T: p# V; h
" p* B } O0 a# q3 a3 V' [ BMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
6 A: D1 e! {. ~/ q" mabout half gone. Jim, being sure that the+ X$ O0 |* S2 }& L/ k$ p8 Z3 [' Y
stock had hit rock-bottom, still was berating John for his frivolous
- Q0 o* R9 F1 }0 i5 F9 [ [purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
; h4 y% w: X' b# h$ c9 xworth!!".
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. A/ ?& y1 k' C# @4 @8 P7 {5 uWell, summer has come, and hard times at Nortel continue. 0 Z0 ^8 w% p% T7 s
Bad news: Both John and Jim have been affected by the layoffs.
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' B: @+ l- q# J0 Y' l8 k. ]; TLast week, in order to raise some cash to help through E* g- p X: N, }( S8 z. `
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
8 v$ g( r7 D3 e6 I! @$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
2 |4 M. B4 W3 Q1 }- n! O+ Q' Qneeds their friend's during rough times), and as luck would have/ `- _5 ^1 P# @
it, there were two bottles of John's beer left. John, being a good,
9 g7 `9 R7 y7 L6 v0 Lcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
) [& [$ `6 h& f0 J, T5 cthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I % ~" g* f) ?: \1 a
got fifty bucks back out of it - you have nothing now.", he said. ; |. G9 B4 z8 X% d
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ! C; L T U% u, T: } K& L$ A
added as his other friend with
; x, N% I6 R8 @. u3 ]$ f$ Y0 l& W1 sthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.2 [% a( V3 M1 y- C% Y
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Upon arrival at the beer store, they unloaded the empties, feeling a
1 H9 k& s' t9 g& ^6 tlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
7 C: D& A Y7 ^bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
; I) w% f2 e$ R- che handed him the money. 3 v7 R' ~' h4 I- k/ C4 x. f* o
( Z3 f1 ?) F8 ~: KJim was speechless. Poor guy. Can you imagine how you3 X0 p0 j# G, {8 E
would feel if you just discovered that over the course of the last year, your $1000 stock investment
/ p: r. k& a2 S( W$ o! D; v5 N5 s. Dleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
}& {9 m3 v% B2 k& X' qown "moral to the story".
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Have a nice day, and happy investing. |
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