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原帖由 如花 于 2006-10-23 13:23 发表
/ D/ E: s, f, s- ^ ?3 J8 y4 b如果是买了nortel呢?
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, d1 k. T( d5 D7 u" L1 {* P+ QOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
. U" K5 j9 R1 R9 V" A% b" R! Z+ ]for Nortel Networks, where in the summer of ! N' ~! g( Q6 {$ ^
2000, there was LOTS of money around for bonuses).
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) w( Z0 i# H( z+ V; T; V% a: GJim, being an intelligent, financially concientious person, put the8 W! t3 T2 z+ d; B, E `
whole $1000 into Nortel Networks stock. With his $1000, and the- Q) o, k# R0 A2 |
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the $ F4 v9 z8 O$ M" ^+ i" R7 ~
Nortel stock climb and climb, he
; _7 }4 r9 N) d, Tfelt very good about this investment, happy that he is preparing for the future.% g& t; p- o T1 G4 z; B5 a9 p, U
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John, being a more care-free sort, did something slightly different
& j3 ^9 Y7 d( J: N+ g9 fwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 2 v; l9 u; n3 t8 X& b" [8 |0 d
purchased 33 cases of beer. John also. Q, u) x( O/ s, `! ^
felt very good about his investment: 33 cases x 24 = is 792 bottles* i1 x, p% D/ S. C1 @; x1 W( l
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
5 c: o( c. g) I3 Qcalculated that he could drink about 15
5 @5 I! W: e1 i8 Q8 }bottles per week, and he wouldn't have to buy beer for a whole
* t, E! v: p: Dyear.
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Jim, of course, was appalled by John's purchase, and berated him
- r; x7 U* U0 s( o: {' t& R9 Q' v5 ?constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to : z6 l8 b5 g$ H5 {' P% t3 L$ u [
dwindle. "It'll go back up", he'd say to John.6 {- M/ N: g5 v: X3 W
- \, `2 S3 U, J6 X2 n6 BJohn, who has been reaping the benefits of his investment on a daily
% _, W' b+ n1 B" `# Vbasis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a * V$ D) e9 B, O/ b0 N4 T
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 # W; ~3 r( ]- R% X5 K; A
about half gone. Jim, being sure that the: ]( z4 [3 b2 T: Z6 d
stock had hit rock-bottom, still was berating John for his frivolous* x/ Y0 T, T5 F$ G
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
+ S3 ?$ y. M0 F9 ]3 lworth!!".
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Well, summer has come, and hard times at Nortel continue.
& U- c6 {2 |5 k1 Z$ x/ }1 j; HBad news: Both John and Jim have been affected by the layoffs.6 l: i! s5 x6 ^
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Last week, in order to raise some cash to help through% J. z/ l. c: G1 p, z
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
' E- H, N4 P- r$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
; k/ E% L( ~- r9 F2 `) J, Tneeds their friend's during rough times), and as luck would have
6 K3 o4 E1 e7 f6 B1 m Yit, there were two bottles of John's beer left. John, being a good,
2 R/ \9 W. a6 N7 [1 b* Dcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
/ w+ a2 Y) o3 w' G' R9 N+ O6 i3 Pthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ( a$ E% b! I6 q" p7 j' n# f! [' v
got fifty bucks back out of it - you have nothing now.", he said. 2 X3 S: [5 F6 ^1 r
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he - H- p `# d: a, q( A
added as his other friend with0 j8 s& N3 A/ y# w P, X" N* Z
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a. K+ D) w6 Q3 V6 @0 m" h- m0 |! S$ M) E
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 6 J7 e D! c* n3 ? c
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as9 K! b, h: J0 V9 \4 E) a
he handed him the money.
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0 l J+ t& J- S* Z' C; L7 s" FJim was speechless. Poor guy. Can you imagine how you
! [: i) `+ M. B U1 t" W* Rwould feel if you just discovered that over the course of the last year, your $1000 stock investment
, |, O. {6 p5 q1 n, _! O' I2 Y* \ `left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. " W1 K. s c6 e9 X$ ~- `( j& W# ~
9 S: [7 `6 h8 D% {+ A" r9 lI'll leave it up to the reader to come up with they're
! X: R" l: M- iown "moral to the story".
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Have a nice day, and happy investing. |
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