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原帖由 如花 于 2006-10-23 13:23 发表
' Y' q3 j; n9 D4 t如果是买了nortel呢? ' D3 r& s8 k b0 ~4 L( F+ M! M/ M
{+ O4 A2 f, i7 O' sOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
- S6 }' J I/ a: ~. g5 Vfor Nortel Networks, where in the summer of
* m! n1 w/ E6 V4 N2000, there was LOTS of money around for bonuses).
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8 M. `+ D- r6 x6 U& i. lJim, being an intelligent, financially concientious person, put the
7 e0 L0 V9 o# s, t" x6 f* xwhole $1000 into Nortel Networks stock. With his $1000, and the! P9 m: W# U) M. X
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
N/ Q9 ]2 T4 p- n4 jNortel stock climb and climb, he* f X# ?+ y* i
felt very good about this investment, happy that he is preparing for the future.
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$ M! w- J( o9 z4 KJohn, being a more care-free sort, did something slightly different # m; b( o$ @" J( l- M. U$ M
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he * e: Y4 L4 e$ @8 u$ e; B* Z8 ~) |( T
purchased 33 cases of beer. John also
5 t* x" R: }3 d& q/ l& r2 Gfelt very good about his investment: 33 cases x 24 = is 792 bottles N/ W' o* {. `, G
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
1 J# R9 U6 q; j" x3 y$ Bcalculated that he could drink about 15 : M0 T4 U( u( m, p& Z
bottles per week, and he wouldn't have to buy beer for a whole/ D9 c5 [( |# {! Y, j
year.9 ^4 D& X1 p; h) e/ [3 M$ F
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Jim, of course, was appalled by John's purchase, and berated him* `) x$ ^ r; x
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to , o- m: Q7 ?5 k
dwindle. "It'll go back up", he'd say to John.+ X! D0 |$ r! w1 ?' F. y$ q; c+ `
! o8 B3 E# v( O% P7 gJohn, who has been reaping the benefits of his investment on a daily, h- @& H7 ], e* L( D
basis, would reply, "Ya, it will. Hang in there buddy". [2 W2 A! e; }
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a 0 I9 A; |/ _9 b3 W" s
noticeable dent in the beer pile.1 M" s' w) S4 y& x7 e* a! r; N. l
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 3 ?9 Y$ L1 Z' J
about half gone. Jim, being sure that the: E' h2 h; z' R' Y3 L m
stock had hit rock-bottom, still was berating John for his frivolous
1 m8 r7 ?( y E0 Q6 X1 V" Kpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
9 J/ ^ q0 P4 _" q) }worth!!".+ Q) z: C" O7 ` |/ c" ]% f
+ W& L' ]5 x$ I- w1 `
Well, summer has come, and hard times at Nortel continue.
# l1 _ P z$ J xBad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through1 [) J; z, a$ F
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the # k" t9 {7 n) g
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone( p7 F- L# r' _! Z0 d
needs their friend's during rough times), and as luck would have
8 H1 l: i8 H6 @2 B9 @, Vit, there were two bottles of John's beer left. John, being a good,7 d, T( {2 `1 f+ ]2 D2 w
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) D. P/ S) n% ~" b
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
4 c6 v+ q! O" o A: j6 ~4 `8 agot fifty bucks back out of it - you have nothing now.", he said. % W; ?+ h' R, U, G/ g/ B6 E( c
: A$ K( N8 ?% V" F' U' L- O"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ( \; v+ R. N( F- U9 M) g
added as his other friend with" }, C3 ?$ U8 ^1 Y8 r0 f
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.5 p- W. M2 L, \/ E2 V4 `2 [
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Upon arrival at the beer store, they unloaded the empties, feeling a
. ?) ?+ C# C& M9 J5 ~1 s/ ?0 P0 h; Nlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 6 _: v0 M, x3 g* ~/ T7 h
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as i' Z. w, T5 z$ k
he handed him the money. 1 ]$ R1 z3 Y) r, q, g
. D- T3 n: [. u3 M( XJim was speechless. Poor guy. Can you imagine how you
) t' C& y' Z* `9 S/ a+ r: Mwould feel if you just discovered that over the course of the last year, your $1000 stock investment 1 r3 \6 d2 o. q" `& R
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 3 L* A, F4 N, s5 \) d8 z
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I'll leave it up to the reader to come up with they're
9 |; C& _; b4 A |: R0 e& Jown "moral to the story".
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Have a nice day, and happy investing. |
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