 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表( E& L8 t) V3 Z
如果是买了nortel呢? * }0 j% I7 U% Z9 P; C
+ x7 H# b4 q( r/ F/ u/ I8 o
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work + U4 M. z1 \- G% g W1 ^7 d0 n% W
for Nortel Networks, where in the summer of
0 \; g8 o: g5 m0 S+ l2000, there was LOTS of money around for bonuses).
7 ?3 k! \9 \# ~% t/ s2 X
! k3 P" M$ ~0 Z) T$ gJim, being an intelligent, financially concientious person, put the
( f% N1 v4 u6 o1 pwhole $1000 into Nortel Networks stock. With his $1000, and the
( ]* s& Z5 @+ l- r* ltransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
4 Y5 Y* d* _, h1 Z& {4 TNortel stock climb and climb, he( G$ H3 h% k, v& `, D: w
felt very good about this investment, happy that he is preparing for the future.
; R% m8 }0 E- p' u8 P* y: W, l9 |8 V/ L( Z' b$ }( G
John, being a more care-free sort, did something slightly different 5 }) l. g8 x4 g1 G" x! i
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
6 i6 @ h8 {, ~! Ppurchased 33 cases of beer. John also
0 d4 y: S2 w# h! Pfelt very good about his investment: 33 cases x 24 = is 792 bottles
: w2 d- F. m' \of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, * q1 G9 O1 S+ X: U5 J
calculated that he could drink about 15
! ]4 K% K0 m5 ~6 e5 ibottles per week, and he wouldn't have to buy beer for a whole4 v8 P) N6 e2 _# [
year.
# D$ ~ a& \" n
& R$ V: d& g1 ^2 @& T1 ]3 ]Jim, of course, was appalled by John's purchase, and berated him. L% {5 j7 U; d
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ) t! v. \2 H" c2 ?: J: Y
dwindle. "It'll go back up", he'd say to John.; w1 d) t$ b. d* r4 u, F
" U+ }% K9 p9 eJohn, who has been reaping the benefits of his investment on a daily
% g) d( M6 f# d" W7 B* w- gbasis, would reply, "Ya, it will. Hang in there buddy"./ D: E/ H: _2 Q, w0 V
- A* E7 j3 ~2 j
Months went by, and the value of the stock continued to fall, and there was the beginnings of a 6 d ?7 _" R' l
noticeable dent in the beer pile.
' {% q" I# \% T9 k& g* z9 | w& N4 n* T: i# W/ t* @8 `
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ' v( V9 n1 c2 E- ^+ P! F3 e# S
about half gone. Jim, being sure that the. |% {; x, I/ K& l" z7 r' ?3 Y
stock had hit rock-bottom, still was berating John for his frivolous" J2 |8 P' b$ W
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
2 I" C6 V V" X7 sworth!!".
4 u" _; ^% H- V/ {! h
: @! R, u0 W4 T* [9 |7 x' K: d3 CWell, summer has come, and hard times at Nortel continue.
2 e& ~5 @& U& b, r) O$ nBad news: Both John and Jim have been affected by the layoffs.* _7 L$ I6 |/ `( g6 d
# U, [( ^2 T# a+ a
Last week, in order to raise some cash to help through
, ^2 U) Y# Z; b9 l# [4 `the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
( a. ]4 A4 X: ?+ C% v$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
* { d/ [" n0 H0 p) N5 oneeds their friend's during rough times), and as luck would have
# x! s: |. k! U# Y; }/ V# `4 |8 f5 Yit, there were two bottles of John's beer left. John, being a good,4 L( Y9 I o5 _7 I
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
; ?0 g- E+ W+ ^, Zthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I / Y \7 T4 [4 ?( B% S3 @6 k
got fifty bucks back out of it - you have nothing now.", he said.
+ g, C7 ~) L4 u( _4 t7 g
' f* |8 \& |& g& }) M$ k3 N* w"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
3 ^; t" O$ u2 B. k7 Madded as his other friend with, D _+ y0 P" G o7 Z" `* g4 o
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
6 v+ k/ s. ^% U$ R$ I5 b0 X4 H, V+ j# S7 d
Upon arrival at the beer store, they unloaded the empties, feeling a& ^4 G# a' h* b0 O5 g$ I
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
4 J, N0 F) `* abottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as9 @( o$ {# q* ^6 Y4 M
he handed him the money. 5 Q" P" C3 {4 m$ m2 L9 E
' L5 X3 |8 f' j0 VJim was speechless. Poor guy. Can you imagine how you/ q2 |8 P/ A1 U* v0 o! E+ p' @
would feel if you just discovered that over the course of the last year, your $1000 stock investment # N7 s, A3 z& T9 e( D* d
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
_/ `6 ]) R( Q" v; d6 }3 Z1 b* P c+ `
I'll leave it up to the reader to come up with they're
+ S4 K. m: ^5 n' t& I( V6 iown "moral to the story".
/ Y8 o* c9 v; @, k+ }1 e
8 `# ~0 }4 E" g& l! P0 `Have a nice day, and happy investing. |
|