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原帖由 如花 于 2006-10-23 13:23 发表3 s" m% C8 i7 c. i7 T+ R
如果是买了nortel呢? " I0 B+ \4 Y/ P
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
" Q. w. f* w3 Rfor Nortel Networks, where in the summer of
3 d/ Q& u/ T! x! l* L- z7 l( U2000, there was LOTS of money around for bonuses).
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/ T, `' f% a& F, `3 G. PJim, being an intelligent, financially concientious person, put the3 \2 p, Q7 F1 l: I
whole $1000 into Nortel Networks stock. With his $1000, and the
% a7 J( k a5 k$ ]9 k9 i- Vtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
, L" F+ J: m( i8 d/ ~Nortel stock climb and climb, he
0 e* F6 [, b7 u8 B$ gfelt very good about this investment, happy that he is preparing for the future.! z, Q* j$ k# g# z6 g6 A
. z9 X8 u2 i, t# E5 qJohn, being a more care-free sort, did something slightly different 9 Y( {! y1 H( v5 ?' v5 F
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
! S) {0 G/ P! k. Y: Kpurchased 33 cases of beer. John also- X: v9 F1 O* j# K$ A
felt very good about his investment: 33 cases x 24 = is 792 bottles" o! K8 U5 S7 V; h8 n
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, $ a) C* C1 R1 F( |6 s" ~7 V
calculated that he could drink about 15 6 J Z, H- i! a2 q1 E! w
bottles per week, and he wouldn't have to buy beer for a whole, A6 M) B' f) N8 o9 `. t
year.* m4 ]; C* K$ z8 {4 D: ^- _
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Jim, of course, was appalled by John's purchase, and berated him& b& E7 d) w3 X) I5 `5 S
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to + l4 ^9 r9 e' j: `2 Q0 }% X! a' x- n
dwindle. "It'll go back up", he'd say to John.
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! d& y! g4 m0 a2 n q: k2 v6 eJohn, who has been reaping the benefits of his investment on a daily- y6 }7 J6 Z) X, \
basis, would reply, "Ya, it will. Hang in there buddy"./ i5 G: @- I9 \! i$ O& L) `4 P
: y6 H$ D8 @: S9 y7 Y" bMonths went by, and the value of the stock continued to fall, and there was the beginnings of a ( w8 c1 [) p8 L. J( D0 ` r/ z
noticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was - \7 \, `6 }. A1 L
about half gone. Jim, being sure that the
V9 F6 u( }. }" b- }8 o0 Dstock had hit rock-bottom, still was berating John for his frivolous' H$ v- k) Q; ?9 L9 \ l% M0 f
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be * |( {3 F2 _2 h2 k: f# o: Q. p
worth!!".
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' I, B8 f; R4 d. r7 MWell, summer has come, and hard times at Nortel continue.
8 A& l6 }( d0 `( N/ O: }. }Bad news: Both John and Jim have been affected by the layoffs.
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4 E2 }- S' e4 i( |4 y; ZLast week, in order to raise some cash to help through
$ y; t4 c" q' M" \/ qthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
: U1 O& E0 d) M( J7 ~2 Y# [$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone) z) C8 t* ]2 ?
needs their friend's during rough times), and as luck would have* G" Z9 w6 \" g- `
it, there were two bottles of John's beer left. John, being a good,+ I" p; M* O# K7 Y' `1 k
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
' E$ N1 C. y9 U/ l: D( Vthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
/ W" B7 j$ T2 f: M# Hgot 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
- u8 G% s; H( d" fadded as his other friend with
& O3 v5 `% p% d6 T4 F9 q. f5 athe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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7 E) {) B% F/ q7 wUpon arrival at the beer store, they unloaded the empties, feeling a1 v k4 t2 A6 j& ^% ^! ^ ^
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ) g6 d& E1 ^8 P& U4 ]' q- B
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
1 i" g. {5 A: _0 c) b( G. she handed him the money. 3 y& ]/ v! h& K7 I" ]
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Jim was speechless. Poor guy. Can you imagine how you2 e0 F, X ^9 n& l0 q
would feel if you just discovered that over the course of the last year, your $1000 stock investment
5 a: I3 M8 `) {* Jleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. + F9 f/ e9 h# t3 n4 I8 I' W
2 r$ }) M& K4 ^& |) BI'll leave it up to the reader to come up with they're
! A3 R* s. @/ e; \& Oown "moral to the story".
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Have a nice day, and happy investing. |
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