 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
9 G M6 \* L$ r# @9 J如果是买了nortel呢?
4 T8 f3 ] L% @
- z+ Z% ~/ F9 P7 LOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work - {% q% T& u; l1 {
for Nortel Networks, where in the summer of . ], ^8 @3 s- F
2000, there was LOTS of money around for bonuses). ( w- l( X. c7 E" T3 b/ x
. i" V% X& U0 x! _
Jim, being an intelligent, financially concientious person, put the4 G0 P0 r, M8 `! X6 G1 r
whole $1000 into Nortel Networks stock. With his $1000, and the6 m- @$ _; m' S
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
^4 N' d' z2 e7 ?Nortel stock climb and climb, he
3 x; A2 A6 _) `# t" e6 lfelt very good about this investment, happy that he is preparing for the future.
2 _7 j$ V) C+ S( ?. C) M& s6 k& K9 m8 n, j" h
John, being a more care-free sort, did something slightly different
; o8 q* U4 W# `* xwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
: w- A: [( e: t2 _) mpurchased 33 cases of beer. John also+ D- G+ q, y6 x2 [9 E( Y
felt very good about his investment: 33 cases x 24 = is 792 bottles
7 b3 f0 A8 `' Y* G/ j3 {. t+ pof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 6 ^8 K* X1 N# c2 X3 i
calculated that he could drink about 15 8 {- C& |/ G# X& V7 u
bottles per week, and he wouldn't have to buy beer for a whole* M# I: ]7 K7 s+ e/ L
year.1 W; `8 E9 P/ l$ L% f: E
' h6 r( {8 X3 Z4 a
Jim, of course, was appalled by John's purchase, and berated him
& r4 Q+ v% j3 S: d0 ^. uconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to & {$ G% {( U3 D8 _) ]5 A5 b+ m# r
dwindle. "It'll go back up", he'd say to John.2 J# y8 D% ]& M9 X. E. e
; N( `! d2 Z- e
John, who has been reaping the benefits of his investment on a daily/ b% d% v" B/ v& i' I$ A- B
basis, would reply, "Ya, it will. Hang in there buddy".% V0 C6 [& q( T% o6 ~6 K
, o' X* E7 ?4 S" qMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
" K& D% d3 J) X# n1 t% N7 y& |noticeable dent in the beer pile.
8 N$ k* P* D, M! i/ F$ w2 F8 |9 l( n7 F/ W9 z3 H! h
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was + u+ p. j+ x% b' l: l. f+ `; V! G& o
about half gone. Jim, being sure that the! |& D3 L/ t$ ]; [; A9 {. t; g) {
stock had hit rock-bottom, still was berating John for his frivolous# H: G4 R4 D( a& c$ M9 ]0 D
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be + S! ^0 e' L& ?! }' h
worth!!".
4 ? _5 J9 K4 q. p d! p" z) K f, g% c
Well, summer has come, and hard times at Nortel continue.
9 {2 P8 r# L5 N# a3 G$ Q- J' ]8 SBad news: Both John and Jim have been affected by the layoffs.
! M; ^9 v9 U8 L+ [2 D3 C6 M b9 T2 g% c0 H+ K4 a. Z
Last week, in order to raise some cash to help through
6 p7 g6 ^* f( {) N$ v1 mthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
* k X W' G8 ^: S- i: r$ ]4 Z$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone/ u3 t V2 \2 s1 ^- n4 O, y" i2 D" T( `
needs their friend's during rough times), and as luck would have
9 m3 @! K, ?* L: cit, there were two bottles of John's beer left. John, being a good,3 o$ n. K6 a1 m" ?
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) f8 s( @5 a: O
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I * r; R$ P8 X% }0 M1 v- j7 x
got fifty bucks back out of it - you have nothing now.", he said.
4 U& u3 f7 l. J. d
& _* E- e- i/ Q& x$ c7 f4 ]2 h"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ! e9 W2 G/ }, R. h7 z8 @8 E) K
added as his other friend with
& ~: E1 h/ j4 w8 V/ B( |the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
. Q N; k$ Y" V1 X- e2 j, {; x+ o# {' k8 x& U& ]) ]' M
Upon arrival at the beer store, they unloaded the empties, feeling a$ Y, j' K' G, u" T- y
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
- _* t+ t9 ?+ n$ a' l* }8 _bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as% [( m: [& h' Z5 n$ f' E
he handed him the money. ! B: {5 {, p Z
& ]/ |* n5 O! I
Jim was speechless. Poor guy. Can you imagine how you
: Z# O' @+ A! {* ^* ?# Z3 g2 n& ]would feel if you just discovered that over the course of the last year, your $1000 stock investment - b$ w( x) U" H, n1 L
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ; ?: K* ^3 l% e8 F0 W; J$ p5 _
9 W3 K& `0 ^( x; lI'll leave it up to the reader to come up with they're
\3 @6 h$ E+ U6 \5 ?4 cown "moral to the story".
. G+ r! A8 j! {' f4 a/ @
t# n" e0 f THave a nice day, and happy investing. |
|