 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表- _; k. B1 A2 ?( j5 k; g
如果是买了nortel呢?
: i* b* w) R; d$ H* ~2 V7 q8 W6 t8 Z- f s
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
/ o# a; C1 r- o9 yfor Nortel Networks, where in the summer of 7 p" ?; s0 b$ B0 G3 V: R4 B
2000, there was LOTS of money around for bonuses).
7 G2 ]+ z+ [. e M# f$ e( j1 M6 ]' v8 f1 G
Jim, being an intelligent, financially concientious person, put the! A& T1 \9 d& r$ O0 G- ^8 C
whole $1000 into Nortel Networks stock. With his $1000, and the( I# d Q* \7 X
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 9 c. n$ D3 N5 \; o, y- ?: s: N
Nortel stock climb and climb, he7 l: H6 [, P" I: V, D
felt very good about this investment, happy that he is preparing for the future.
2 J+ ~. ]0 [" `/ Y& W g
) n8 G. N/ D, ~1 l# zJohn, being a more care-free sort, did something slightly different
7 p0 t8 o4 s) N1 `with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
7 u2 B4 i$ o3 A L8 Npurchased 33 cases of beer. John also4 C4 n! l V4 v$ J; C
felt very good about his investment: 33 cases x 24 = is 792 bottles
; h0 V# X7 _' X7 B- wof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
6 P; y2 c# `+ D! k. r3 Tcalculated that he could drink about 15 8 A- q) T8 Y# X* S! v# R, L8 V
bottles per week, and he wouldn't have to buy beer for a whole( y4 w, G) v3 F5 C' |" D7 z3 m
year.
+ Z" H3 y' @9 |2 a! z9 R) f" ]+ Q, y" o7 E* K4 e7 E$ f; U6 {2 [
Jim, of course, was appalled by John's purchase, and berated him% A/ ?1 ~6 L5 h- Y7 V9 p
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to & |' y c, P$ h0 z* i& _/ E, h
dwindle. "It'll go back up", he'd say to John.
2 c; a2 K+ I3 z d9 C9 x% \! o
5 G. e3 W$ ~7 u! g8 j6 o+ |1 kJohn, who has been reaping the benefits of his investment on a daily
) q$ C0 H6 ?) ^; Q# g' B6 `& ]basis, would reply, "Ya, it will. Hang in there buddy".
( w3 M' S2 a8 T" S* w9 w4 b5 M1 q- _4 {1 W! Y
Months went by, and the value of the stock continued to fall, and there was the beginnings of a ' F. D J2 M# s( b2 j; T y
noticeable dent in the beer pile.
7 r- ^; p& w$ A* d) T1 G5 Z& l' N
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
9 z3 ^2 Z% w6 V$ Vabout half gone. Jim, being sure that the
1 D( e( a! b# ^3 Z! u. G6 pstock had hit rock-bottom, still was berating John for his frivolous
& R* y1 l: R; e9 |/ Q% t' Tpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
6 x5 h+ J) y- Y+ S/ s( Hworth!!".
! X2 \( e+ [; m2 t/ C
) K! }7 W+ J% P+ P" v8 ]Well, summer has come, and hard times at Nortel continue. & {* M% q3 V; K$ z6 R0 e# q
Bad news: Both John and Jim have been affected by the layoffs.
$ t; H# W# W" R3 F! _# Y5 i' ]5 t; a+ s F/ L
Last week, in order to raise some cash to help through Y y3 j! `$ H$ W4 c
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
: S# t; C% n7 h4 i. O" w6 b$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone8 ^0 c7 K B/ H
needs their friend's during rough times), and as luck would have
# G: L3 |# o7 B. |( z3 Bit, there were two bottles of John's beer left. John, being a good,
+ J9 m1 ?3 X$ @& [- r fcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
& p: \9 B( U. V+ athe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ; F, S' p# w; t
got fifty bucks back out of it - you have nothing now.", he said.
; J( B+ i% ~7 }! k3 B8 c0 C3 t- i
) h( X; j+ t) I) b5 r+ A"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
7 w7 l+ S. V3 ^7 Hadded as his other friend with
1 B( I" N% j4 l* Fthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
: O/ r/ _2 J: g
G( w3 ?) G, P/ d& I4 OUpon arrival at the beer store, they unloaded the empties, feeling a q2 @+ L2 f5 a0 h y4 z/ V
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
; Q a7 F* H" n1 V8 \bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
7 p O* H9 N0 M. phe handed him the money. 8 S2 i/ N* Y4 ?# t) j
' u! f# \5 T9 d# W3 B+ N) \Jim was speechless. Poor guy. Can you imagine how you
, }/ A+ l& a. E( rwould feel if you just discovered that over the course of the last year, your $1000 stock investment 8 l6 F* ~# R' Q, U4 D5 U4 s+ R
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 9 l: I+ g7 b9 ~- w' V
; N: Z% u& n+ N% g8 \I'll leave it up to the reader to come up with they're
9 H4 R g2 y5 H& ^" ?- E$ a8 aown "moral to the story".- P$ h5 ~+ G% d9 G7 e" K; X
3 p* g8 t+ r& @% _& UHave a nice day, and happy investing. |
|