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原帖由 如花 于 2006-10-23 13:23 发表
& `( h% z4 S& u" w# Y: e如果是买了nortel呢? ! N" `) Q. |" u6 i7 B: N! }
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
8 s" g3 ~7 ] y$ D) u8 N( o: hfor Nortel Networks, where in the summer of ^9 U4 }, k. ^: Y1 X; b" R
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the: N- l0 J; G% ]9 \2 {
whole $1000 into Nortel Networks stock. With his $1000, and the1 b, k+ H, g9 e/ n
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ) ^0 {( g V- {0 F3 U8 @
Nortel stock climb and climb, he) ^; }7 Q* a4 G
felt very good about this investment, happy that he is preparing for the future.
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* B" ?/ \6 f* w3 E0 rJohn, being a more care-free sort, did something slightly different
) c/ }6 x" w9 [& N' _! `$ Zwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
3 {- @5 n' M& M4 K$ S4 E$ Dpurchased 33 cases of beer. John also
6 }6 S1 ?/ Y* X& Rfelt very good about his investment: 33 cases x 24 = is 792 bottles
! u1 H5 Q9 `* D% k) mof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 5 _& |8 C- h" w- S
calculated that he could drink about 15
1 m) e# P1 w* x# H. {" ~) g4 ebottles per week, and he wouldn't have to buy beer for a whole% M0 P+ G. p8 p* P7 h& z
year.
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) v1 t% J; |+ `4 m) i# }+ zJim, of course, was appalled by John's purchase, and berated him
- O; F' V+ [/ W6 g1 }" f% xconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to # P" ]- f0 M% a1 w6 D, O
dwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily
/ n6 ~' p2 v1 p9 j4 Kbasis, would reply, "Ya, it will. Hang in there buddy".
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b2 ?3 Q- \& I: O2 Z& S1 fMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
4 E" G# C7 g4 Pnoticeable dent in the beer pile.
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5 T& p: k. R7 \) D! @Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
- R5 n( O: L9 ~6 l1 ]about half gone. Jim, being sure that the
) n' J2 e& @; W4 T8 ` @: Z5 nstock had hit rock-bottom, still was berating John for his frivolous$ ~3 V( T1 f4 q( {/ P
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ' ~' ~$ t8 [" A% t C0 ? ]! ?2 Q
worth!!".. h5 ]- y) m; y% k, t& C
, |! u' }' u9 o6 G ^ c! hWell, summer has come, and hard times at Nortel continue. % l( A; c: V; O& u5 W! e: G
Bad news: Both John and Jim have been affected by the layoffs.$ c; z; F& r b. C" {4 `
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Last week, in order to raise some cash to help through+ k1 e- D8 [& S
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
$ F( @1 B0 s5 C. U8 t$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
& j! U$ [. D) o& w1 h# _needs their friend's during rough times), and as luck would have0 _8 \' _" a7 {2 `7 i
it, there were two bottles of John's beer left. John, being a good,) H( U' B J! A/ r3 S3 |
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated & |" Q. v2 d; B0 I: I; E- d
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
. @- }0 O1 |! H3 P5 G; G* }got fifty bucks back out of it - you have nothing now.", he said. % H( y3 K0 _) ~7 `6 o4 x, T* M
$ s0 i4 ~+ b; t: G! V$ L: [( L"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 5 u+ B$ P6 h3 a( n6 ~# a% t L x
added as his other friend with
- M9 }1 F: I+ W% E) ?1 Cthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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) @7 n. B% E! o) K) u# J: q" }Upon arrival at the beer store, they unloaded the empties, feeling a2 m0 F# ~" ]2 g& O9 t: F3 X; f
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ' Z' K! K4 @2 x+ g/ [& S) N) w2 P
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
, E4 j* y& \# L v) `he handed him the money. ! _2 E) k! }6 Z& g1 |
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Jim was speechless. Poor guy. Can you imagine how you. `- |7 @2 `; N) _3 U# R! r$ ` M. m
would feel if you just discovered that over the course of the last year, your $1000 stock investment 5 e: o) I6 F! L4 o& \3 @
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ' i: U d1 \+ g/ ]9 }2 H8 ?, P$ O
' u; }/ p/ m% g: @3 c, A+ b9 E4 `I'll leave it up to the reader to come up with they're6 I- d- M7 t `
own "moral to the story".
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Have a nice day, and happy investing. |
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